Hagerty, Inc. income statement
In fiscal 2025, Hagerty, Inc. reported revenue of $1.46bn, up 17.3% on the year before and net income of $149m. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|
| Revenue | 500 | 619 | 788 | 1,027 | 1,242 | 1,456 | 1,378 |
| Selling and marketing | 86 | 107 | 141 | 156 | 191 | 258 | — |
| General and administrative | 51 | 65 | 89 | 85 | 83 | 95 | — |
| Operating income | 16 | −10 | −68 | 10 | 66 | — | — |
| Interest expense | — | — | — | 5 | 1 | 5 | 2 |
| Income before tax | 15 | −55 | 11 | 45 | 94 | 139 | 62 |
| Income tax | 5 | 7 | 7 | 17 | 15 | −10 | 2 |
| Net income | 10 | −46 | 32 | 28 | 78 | 149 | 60 |
| Diluted EPS | $3720.19 | −$20.49 | — | — | — | — | — |
| Diluted shares (average) | — | 2m | — | — | — | — | — |
| EBITDA | 28 | 12 | −34 | 56 | 105 | — | — |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 333 | 328 | 379 | 391 | 357 | 312 | 355 | 354 |
| Selling, general and administrative | — | 144 | 162 | 178 | — | 72 | 95 | 93 |
| Selling and marketing | 44 | — | — | — | 59 | — | — | — |
| General and administrative | 20 | — | — | — | 25 | — | — | — |
| Operating income | 6 | 26 | 48 | 34 | — | — | — | — |
| Interest expense | — | 1 | 1 | 2 | 1 | 1 | 1 | −1 |
| Income before tax | 14 | 33 | 53 | 13 | 40 | −21 | 2 | 41 |
| Income tax | 5 | 5 | 6 | −33 | 11 | −8 | −6 | 5 |
| Net income | 8 | 27 | 47 | 46 | 29 | −13 | 8 | 36 |
| EBITDA | 15 | 35 | 57 | 44 | — | — | — | — |
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