| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net income | 120,666 | 74,495 |
| Loss on disposals of equipment, software and other assets | -1,440 | -1,211 |
| Loss related to warrant liabilities, net | 0 | 0 |
| Expense related to tax receivable agreement liability | 32,275 | - |
| Depreciation and amortization | 27,734 | 18,321 |
| Provision for deferred taxes | -34,413 | 2,061 |
| Share-based compensation expense | 14,627 | 9,538 |
| Non-cash lease expense | 6,590 | 4,226 |
| Realized (gain) loss on investments, net | 2,150 | 879 |
| (accretion) amortization of discount and premium, net | -3,489 | -2,316 |
| Other | -1,681 | -355 |
| Accounts, premiums and commissions receivable | 124,250 | 148,883 |
| Deferred acquisition costs, net | 36,030 | 21,964 |
| Increase (decrease) in tax receivable agreement liability | - | 3,078 |
| Losses payable and provision for unpaid losses and loss adjustment expenses | 9,800 | -7,828 |
| Ceding commissions payable | 30,084 | 35,691 |
| Advance premiums and due to insurers | 62,583 | 78,846 |
| Unearned premiums | 81,855 | 52,957 |
| Operating lease assets and liabilities | -6,876 | -4,534 |
| Other assets and liabilities, net | -7,758 | -3,339 |
| Net cash provided by operating activities | 189,885 | 97,714 |
| Capital expenditures | 18,499 | 11,549 |
| Acquisitions, net of cash acquired, and other investments | 2,125 | 0 |
| Issuance of notes receivable | 49,095 | 26,617 |
| Collection of notes receivable | 14,832 | 8,091 |
| Purchases of fixed maturity securities | 223,055 | 98,455 |
| Proceeds from sales of fixed maturity securities | 41,173 | 21,341 |
| Proceeds from maturities of fixed maturity securities | 122,196 | 75,470 |
| Purchases of equity securities | 10,565 | 347 |
| Proceeds from sales of equity securities | 911 | 378 |
| Other investing activities | -1,421 | 151 |
| Net cash used in investing activities | -122,806 | -31,839 |
| Payments on long-term debt | 170,673 | 124,493 |
| Proceeds from long-term debt, net of issuance costs | 240,701 | 192,339 |
| Distributions paid to non-controlling interest unit holders | 30,547 | 30,380 |
| Payment of series a convertible preferred stock dividends | 5,600 | 5,600 |
| Funding of tax receivable agreement payments | -223 | -223 |
| Funding of employee tax obligations upon vesting of share-based payments | 3,536 | 2,452 |
| Other financing activities | 289 | 289 |
| Net cash provided by (used in) financing activities | 30,411 | 29,480 |
| Effect of exchange rate changes on cash and cash equivalents and restricted cash and cash equivalents | 2,312 | 2,386 |
| Change in cash and cash equivalents and restricted cash and cash equivalents | 99,802 | 97,741 |
| Cash and cash equivalents at beginning of period | 232,845 | - |
| Cash and cash equivalents at end of period | 332,647 | - |
Hagerty, Inc. (HGTY)
Hagerty, Inc. (HGTY)