HGTY Q3 2023 Earnings — Hagerty, Inc. Revenue & Financial Results | Market Cap Arena

HGTYHagerty, Inc.

$3B

Q3 2023 Earnings

Financial Services Insurance - Property & Casualty

Income Statement

Revenue

$276M+35.2% YoY

Gross Profit

$219M79.2% margin

Operating Income

$23M8.4% margin

Net Income

$5M1.9% margin

EPS (Diluted)

$0.04

QoQ Revenue Growth

+6.5%

Cash Flow

Operating Cash Flow

$62M

Free Cash Flow

$56M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$1.6B

Total Liabilities

$1.1B

Stockholders' Equity

$155M

Cash & Equivalents

$686M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$276M	$205M	+35.2%
Gross Profit	$219M	$0	—
Operating Income	$23M	$24M	-4.1%
Net Income	$5M	$15M	-63.6%

Revenue Segments

Commission Revenue And Fee Revenue

$103M61%

Membership And Other Revenue

$33M19%

Product and Service, Other

$19M11%

Membership

$14M8%

Geographic Segments

UNITED STATES

$126M93%

CANADA

$8M6%

Europe

$2M2%