For the quarter ending 2025-09-30, HGTY made $379,994,000 in revenue. $18,945,000 in net income. Net profit margin of 4.99%.
| Income Statement | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|
| Total revenue | 379,994,000 | - | 319,593,000 | 300,009,500 |
| Salaries and benefits | 68,110,000 | - | 59,103,000 | 55,365,750 |
| Ceding commissions, net | 87,411,000 | - | 77,333,000 | 75,429,750 |
| Losses and loss adjustment expenses | 78,626,000 | - | 71,130,000 | 74,648,250 |
| Sales expense | 77,672,000 | - | 54,626,000 | 47,630,750 |
| General and administrative expenses | 24,445,000 | - | 22,185,000 | 20,626,000 |
| Depreciation and amortization | 9,413,000 | - | 9,488,000 | 9,726,250 |
| Gain related to divestiture | 0 | - | - | 21,750 |
| Total operating expenses | 345,677,000 | - | 293,865,000 | 283,405,000 |
| Operating income | 34,317,000 | - | 25,728,000 | 16,604,500 |
| Loss related to warrant liabilities, net | 0 | - | - | -2,136,000 |
| Interest and other income (expense), net | -20,980,000 | - | 7,054,000 | 8,952,000 |
| Income before income tax expense | - | - | - | 23,420,500 |
| Income before taxes | 13,337,000 | - | 32,782,000 | - |
| Change in net unrealized gain on available-for-sale investments | - | 1,048,000 | - | - |
| Foreign currency translation adjustments | - | 1,683,000 | - | - |
| Change in unrealized loss on interest rate swap | - | 0 | - | - |
| Other comprehensive income (loss) | - | 2,731,000 | - | - |
| Income tax (expense) benefit | -32,834,000 | - | 5,489,000 | 3,844,750 |
| Net income | 46,171,000 | 47,202,000 | 27,293,000 | 19,575,750 |
| Comprehensive income | - | 49,933,000 | - | - |
| Comprehensive income attributable to non-controlling interest | - | 38,243,000 | - | - |
| Net income attributable to non-controlling interest | 25,323,000 | - | 18,922,000 | 15,321,500 |
| Accretion of series a convertible preferred stock | 1,903,000 | 1,875,000 | 1,875,000 | 1,856,750 |
| Comprehensive income attributable to class a common stockholders | - | 9,815,000 | - | - |
| Net income attributable to class a common stockholders | 18,945,000 | - | 6,496,000 | 2,397,500 |
| Basic eps | - | - | 0.07 | 0.025 |
| Diluted eps | - | - | 0.07 | 0.025 |
| Basic average shares | - | - | 90,047,000 | 21,882,250 |
| Diluted average shares | - | - | 346,311,000 | 22,126,000 |
| Basic (in dollars per share) | 0.18 | - | - | - |
| Basic (in shares) | 96,167,000 | - | - | - |
| Diluted (in dollars per share) | 0.11 | - | - | - |
| Diluted (in shares) | 347,240,000 | - | - | - |
Hagerty, Inc. (HGTY)
Hagerty, Inc. (HGTY)