HGTY Q4 2022 Earnings — Hagerty, Inc. Revenue & Financial Results | Market Cap Arena

HGTYHagerty, Inc.

$3B

Q4 2022 Earnings

Financial Services Insurance - Property & Casualty

Income Statement

Revenue

$201M+79.7% YoY

Gross Profit

$155M77.0% margin

Operating Income

-$29M-14.6% margin

Net Income

-$5M-2.3% margin

EPS (Diluted)

$-0.41

QoQ Revenue Growth

-1.7%

Cash Flow

Operating Cash Flow

-$38M

Free Cash Flow

-$49M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$1.3B

Total Liabilities

$921M

Stockholders' Equity

$59M

Cash & Equivalents

$539M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$201M	$112M	+79.7%
Gross Profit	$155M	$77M	+99.9%
Operating Income	-$29M	-$64M	+54.6%
Net Income	-$5M	-$52M	+91.1%

Revenue Segments

Commission Revenue And Fee Revenue

$64M75%

Membership And Other Revenue

$21M25%

Geographic Segments

UNITED STATES

$8M96%

Europe

$253,0003%

CANADA

$70,0001%