HGTY Q1 2024 Earnings — Hagerty, Inc. Revenue & Financial Results | Market Cap Arena

HGTYHagerty, Inc.

$3B

Q1 2024 Earnings

Financial Services Insurance - Property & Casualty

Income Statement

Revenue

$266M+21.9% YoY

Gross Profit

$203M76.5% margin

Operating Income

$13M5.0% margin

Net Income

-$1M-0.5% margin

EPS (Diluted)

$-0.04

QoQ Revenue Growth

+2.9%

Cash Flow

Operating Cash Flow

$58M

Free Cash Flow

$54M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$1.6B

Total Liabilities

$1.1B

Stockholders' Equity

$178M

Cash & Equivalents

$727M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$266M	$218M	+21.9%
Gross Profit	$203M	$169M	+19.9%
Operating Income	$13M	-$11M	+217.4%
Net Income	-$1M	-$2M	+35.6%

Revenue Segments

Commission Revenue And Fee Revenue

$89M59%

Membership And Other Revenue

$31M21%

Product and Service, Other

$18M12%

Membership

$13M9%

Geographic Segments

UNITED STATES

$114M95%

CANADA

$4M3%

Europe

$2M2%