Hagerty, Inc.

Hagerty, Inc.

HGTYยทNYSE

$10.09

-1.9%
Financial ServicesInsurance - Property & Casualty

Hagerty, Inc. provides insurance agency services worldwide. It offers automobile and boat insurance products; and reinsurance products. The company also provides Hagerty Media, which publishes contents through the HDC Magazine, video content, YouTube channel; HDC that offers subscription based products and services, including HDC Magazine, automotive enthusiast events, proprietary vehicle valuation tools, emergency roadside services, and special vehicle-related discounts; HVT, a valuation tool used by the customer to access current and historic pricing data of collector car, truck, SUV, and motorcycle models; and Hagerty Events, an eclectic mix of small and large events. In addition, it offers DriveShare, a peer-to-peer rental platform for collector and cool vehicles; Motorsport Reg, a motorsport membership, licensing, and event online management system that automates event listings, registration, and payment processing for various motorsport events; and Hagerty Garage + Social, a platform that provides clubhouses and car storage facilities. The company is headquartered in Traverse City, Michigan.

At a Glance

Live Snapshot
Market Cap$3.46B
EPS0.4400
P/E Ratio22.93
Earnings Date08/03/2026
3Y+76.0%
5Y+192.0%
10Y+383.0%
3Y+53.0%
5Y+382.0%
10Y+478.0%
3Y+296.0%
5Y+159.0%
10Y+375.0%
Hagerty, Inc.

Hagerty, Inc. Profit Bridge

HGTY ยท NYSE
Revenue1.46B
Cost of Goods Sold (285.39M)
Gross Profit1.17B
Operating Expenses (1.03B)
Operating Income139.18M
Interest Expense (8.70M)
Other Income/Expense0.00
Pretax Income139.18M
Income Tax (-10.04M)
Net Income49.02M
Net Income
49.02M

Profitability Analysis

Gross Margin

80.4%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

9.6%

Acceptable margins but limited operational leverage. Operating expense control is important.

Net Profit Margin

3.4%

Minimal profitability after all expenses. Limited financial flexibility for reinvestment or shareholder returns.

Effective Tax Rate

-7.2%

Below-average tax rate suggests effective tax planning, favorable jurisdictions, or tax credits.

Profitability Insight

Margin squeeze alert: Healthy gross margins but weak operating margins suggest excessive operating expenses. Cost optimization could unlock significant value.

Hagerty, Inc. Income Statement

HGTY โ€ข NYSE

Hagerty, Inc. Income StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018
REVENUE
1.5B
1.2B
1B
829.5M
576.5M
499.5M
397.3M
301.7M
GROSS PROFIT
(285.4M)
(298.6M)
(220.7M)
(373.6M)
(263.1M)
(0.0)
(0.0)
(0.0)
1.2B
892.9M
791.1M
455.9M
313.5M
499.5M
397.3M
301.7M
OPERATING INCOME
(1B)
(799.2M)
(746.3M)
(444.8M)
(368.1M)
(483.7M)
(386.4M)
(293.1M)
(616.3M)
(494.5M)
(458.7M)
(429.4M)
(343.9M)
(274.9M)
(237.5M)
(197.9M)
139.2M
93.7M
44.8M
11.1M
-54.6M
15.8M
10.8M
8.6M
PRE-TAX INCOME
(8.7M)
(0.0)
(4.1M)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
30.5M
0.0
22.8M
0.0
0.0
-987K
0.0
0.0
(415.5M)
(304.7M)
(287.6M)
(15.4M)
(24.1M)
(208.8M)
(148.9M)
(95.2M)
0.0
0.0
0.0
0.0
0.0
-987K
608K
-16.7K
139.2M
93.7M
44.8M
11.1M
-54.6M
14.9M
11.5M
8.6M
NET INCOME
-10M
(15.4M)
(16.6M)
(7M)
(6.8M)
(4.8M)
(7.3M)
(121.8K)
49M
17M
20.2M
32.1M
-46.4M
10.2M
4.2M
8.5M

SEC Filings

HGTY - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
10-Q

10-Q 2026 Q1

Q1

May 06, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

May 06, 2026
May 06, 2026
2026
DEF 14A

DEF 14A 2026

N/A

April 30, 2026
June 09, 2026
2026
8-K

8-K 2026

N/A

April 15, 2026
April 13, 2026
2026
10-K

10-K 2025 FY

FY

February 26, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

February 26, 2026
February 26, 2026
2026
8-K

8-K 2025

N/A

January 02, 2026
December 31, 2025
2025
8-K

8-K 2025

N/A

November 04, 2025
November 04, 2025
2025
10-Q

10-Q 2025 Q3

Q3

November 04, 2025
September 30, 2025
2025
8-K

8-K 2025

N/A

August 11, 2025
August 07, 2025
2025
Showing 1 to 10 of 94 filings