HGTY Q3 2024 Earnings — Hagerty, Inc. Revenue & Financial Results | Market Cap Arena

HGTYHagerty, Inc.

$3B

Q3 2024 Earnings

Financial Services Insurance - Property & Casualty

Income Statement

Revenue

$323M+16.8% YoY

Gross Profit

$223M69.2% margin

Operating Income

$18M5.6% margin

Net Income

$5M1.5% margin

EPS (Diluted)

$0.03

QoQ Revenue Growth

+3.7%

Cash Flow

Operating Cash Flow

$67M

Free Cash Flow

$62M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$1.8B

Total Liabilities

$1.3B

Stockholders' Equity

$148M

Cash & Equivalents

$147M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$323M	$276M	+16.8%
Gross Profit	$223M	$219M	+2.1%
Operating Income	$18M	$23M	-22.6%
Net Income	$5M	$5M	-8.8%

Revenue Segments

Commission Revenue And Fee Revenue

$116M58%

Membership And Other Revenue

$42M21%

Product and Service, Other

$27M13%

Membership

$15M7%

Geographic Segments

UNITED STATES

$146M93%

CANADA

$8M5%

Europe

$3M2%