HGTY Q2 2024 Earnings — Hagerty, Inc. Revenue & Financial Results | Market Cap Arena

HGTYHagerty, Inc.

$3B

Q2 2024 Earnings

Financial Services Insurance - Property & Casualty

Income Statement

Revenue

$311M+20.0% YoY

Gross Profit

$247M79.2% margin

Operating Income

$48M15.6% margin

Net Income

$10M3.3% margin

EPS (Diluted)

$0.10

QoQ Revenue Growth

+17.2%

Cash Flow

Operating Cash Flow

$64M

Free Cash Flow

$57M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$1.7B

Total Liabilities

$1.2B

Stockholders' Equity

$175M

Cash & Equivalents

$316M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$311M	$259M	+20.0%
Gross Profit	$247M	$206M	+19.7%
Operating Income	$48M	$19M	+151.5%
Net Income	$10M	$2M	+331.5%

Revenue Segments

Commission Revenue And Fee Revenue

$129M71%

Membership And Other Revenue

$27M15%

Membership

$14M8%

Product and Service, Other

$13M7%

Geographic Segments

UNITED STATES

$142M91%

CANADA

$11M7%

Europe

$3M2%