HGTY Q1 2025 Earnings — Hagerty, Inc. Revenue & Financial Results | Market Cap Arena

HGTYHagerty, Inc.

$3B

Q1 2025 Earnings

Financial Services Insurance - Property & Casualty

Income Statement

Revenue

$320M+20.3% YoY

Gross Profit

$248M77.7% margin

Operating Income

$33M10.3% margin

Net Income

$8M2.6% margin

EPS (Diluted)

$0.07

QoQ Revenue Growth

+9.6%

Cash Flow

Operating Cash Flow

$44M

Free Cash Flow

$38M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$1.8B

Total Liabilities

$1.3B

Stockholders' Equity

$163M

Cash & Equivalents

$128M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$320M	$266M	+20.3%
Gross Profit	$248M	$203M	+22.3%
Operating Income	$33M	$13M	+146.0%
Net Income	$8M	-$1M	+719.6%

Revenue Segments

Commission Revenue And Fee Revenue

$100M51%

Membership And Other Revenue

$50M25%

Marketplace Revenue

$27M14%

Membership

$15M8%

Product and Service, Other

$6M3%

Geographic Segments

UNITED STATES

$140M94%

Europe

$4M3%

CANADA

$4M3%