HGTY Q2 2023 Earnings — Hagerty, Inc. Revenue & Financial Results | Market Cap Arena

HGTYHagerty, Inc.

$3B

Q2 2023 Earnings

Financial Services Insurance - Property & Casualty

Income Statement

Revenue

$259M+40.9% YoY

Gross Profit

$206M79.4% margin

Operating Income

$19M7.4% margin

Net Income

$2M0.9% margin

EPS (Diluted)

$0.03

QoQ Revenue Growth

+19.1%

Cash Flow

Operating Cash Flow

$59M

Free Cash Flow

$51M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$1.6B

Total Liabilities

$1.1B

Stockholders' Equity

$147M

Cash & Equivalents

$632M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$259M	$184M	+40.9%
Gross Profit	$206M	$0	—
Operating Income	$19M	-$3M	+665.9%
Net Income	$2M	-$6M	+143.4%

Revenue Segments

Commission Revenue And Fee Revenue

$110M82%

Membership And Other Revenue

$24M18%

Geographic Segments

UNITED STATES

$9M87%

Europe

$1M10%

CANADA

$348,0003%