For the year ending 2025-12-31, HGTY made $1,456,389K in revenue. $41,463K in net income. Net profit margin of 2.85%.
| Income Statement | 2025-12-31 | 2024-12-31 | ||
|---|---|---|---|---|
| Total revenue | 1,456,389 | 1,200,038 | ||
| Losses and loss adjustment expenses | 285,394 | 298,593 | ||
| Ceding commissions, net | 337,087 | 301,719 | ||
| Sales expense | 258,202 | 190,523 | ||
| Salaries and benefits | 263,587 | 221,463 | ||
| General and administrative expenses | 94,517 | 82,504 | ||
| Depreciation and amortization | 37,524 | 38,905 | ||
| Restructuring, impairment and related charges, net | 0 | - | ||
| Gains, losses, and impairments related to divestitures | 0 | 87 | ||
| Operating income (loss) | - | 66,418 | ||
| Loss (gain) related to warrant liabilities, net | 0 | -8,544 | ||
| Interest expense and other, net | -40,896 | 35,808 | ||
| Total expenses | 1,317,207 | 1,133,620 | ||
| Income before taxes | 139,182 | - | ||
| Income before income tax expense | - | 93,682 | ||
| Income tax benefit | -10,043 | 15,379 | ||
| Net income | 149,225 | 78,303 | ||
| Net income attributable to non-controlling interest | 100,207 | 61,286 | ||
| Accretion of series a convertible preferred stock | 7,555 | 7,427 | ||
| Net income attributable to class a common stockholders | 41,463 | 9,590 | ||
| Basic EPS | 0.41 | 0.1 | ||
| Diluted EPS | 0.37 | 0.1 | ||
| Basic Average Shares | 94,404,000 | 87,529,000 | ||
| Diluted Average Shares | 346,973,000 | 88,504,000 | ||
Hagerty, Inc. (HGTY)
Hagerty, Inc. (HGTY)