HGTY Q1 2023 Earnings — Hagerty, Inc. Revenue & Financial Results | Market Cap Arena

HGTYHagerty, Inc.

$3B

Q1 2023 Earnings

Financial Services Insurance - Property & Casualty

Income Statement

Revenue

$218M+18.9% YoY

Gross Profit

$169M77.8% margin

Operating Income

-$11M-5.2% margin

Net Income

-$2M-1.0% margin

EPS (Diluted)

$-0.03

QoQ Revenue Growth

+8.4%

Cash Flow

Operating Cash Flow

$12M

Free Cash Flow

$4M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$1.3B

Total Liabilities

$945M

Stockholders' Equity

$62M

Cash & Equivalents

$507M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$218M	$183M	+18.9%
Gross Profit	$169M	$0	—
Operating Income	-$11M	$18M	-163.5%
Net Income	-$2M	$28M	-107.6%

Revenue Segments

Commission Revenue And Fee Revenue

$75M74%

Membership And Other Revenue

$27M26%

Geographic Segments

UNITED STATES

$14M97%

Europe

$272,0002%

CANADA

$164,0001%