HGTY Q4 2023 Earnings — Hagerty, Inc. Revenue & Financial Results | Market Cap Arena

HGTYHagerty, Inc.

$3B

Q4 2023 Earnings

Financial Services Insurance - Property & Casualty

Income Statement

Revenue

$258M+28.3% YoY

Gross Profit

$197M76.3% margin

Operating Income

$14M5.3% margin

Net Income

$15M5.6% margin

EPS (Diluted)

$0.03

QoQ Revenue Growth

-6.7%

Cash Flow

Operating Cash Flow

$13M

Free Cash Flow

$8M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$1.6B

Total Liabilities

$1.1B

Stockholders' Equity

$176M

Cash & Equivalents

$724M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$258M	$201M	+28.3%
Gross Profit	$197M	$155M	+27.2%
Operating Income	$14M	-$29M	+146.5%
Net Income	$15M	-$5M	+416.3%

Revenue Segments

Commission Revenue And Fee Revenue

$78M46%

Membership

$39M23%

Product and Service, Other

$32M19%

Membership And Other Revenue

$20M12%

Geographic Segments

UNITED STATES

$286M93%

CANADA

$18M6%

Europe

$4M1%