Hagerty, Inc. (HGTY)

Hagerty Income Statement

Financials in millions USD. Fiscal year is January - December.

Year	2023	2022	2021	2020	2019
Revenue	1,000	787.59	619.08	499.55	397.27
Revenue Growth (YoY)	27.00%	27.22%	23.93%	25.74%	31.68%
Cost of Revenue	689.36	573.09	434.96	334.51	254.26
Gross Profit	310.85	214.49	184.12	165.04	143.02
Selling, General & Admin	241.81	229.85	172.04	137.4	123.22
Other Operating Expenses	58.63	52.21	22.14	11.8	8.95
Operating Expenses	300.45	282.06	194.19	149.2	132.17
Operating Income	10.41	-67.57	-10.07	15.85	10.85
Interest Expense / Income	-22.82	-2.03	1.99	0.99	0
Other Expense / Income	-3.6	-104.63	27.54	-0.13	-0.61
Pretax Income	36.82	39.1	-39.61	14.99	11.46
Income Tax	16.59	7.02	6.75	4.82	7.25
Net Income	20.23	32.08	-46.36	10.17	4.21
Preferred Dividends	3.68	0	0	0	0
Net Income Common	16.55	32.08	-46.36	10.17	4.21
Net Income Growth	-48.39%	-	-	141.71%	-50.37%
Shares Outstanding (Basic)	84	83	82	0	0
Shares Outstanding (Diluted)	340	336	82	0	0
Shares Change	1.24%	308.31%	82227.00%	32.16%	-
EPS (Basic)	0.19	0.39	-0.56	101.66	55.59
EPS (Diluted)	0.09	-0.07	-0.56	101.66	55.59
EPS Growth	-	-	-	82.87%	-
Free Cash Flow	107.3	10.95	-1.09	46.31	40.7
Free Cash Flow Per Share	1.27	0.13	-0.01	463.14	537.86
Gross Margin	31.08%	27.23%	29.74%	33.04%	36.00%
Operating Margin	1.04%	-8.58%	-1.63%	3.17%	2.73%
Profit Margin	1.66%	4.07%	-7.49%	2.04%	1.06%
Free Cash Flow Margin	10.73%	1.39%	-0.18%	9.27%	10.24%
Effective Tax Rate	45.06%	17.95%	-	32.16%	63.29%
EBITDA	71.49	81.83	-15.47	27.77	20.41
EBITDA Margin	7.15%	10.39%	-2.50%	5.56%	5.14%
Depreciation & Amortization	57.49	44.76	22.14	11.8	8.95
EBIT	14	37.07	-37.61	15.97	11.46
EBIT Margin	1.40%	4.71%	-6.08%	3.20%	2.88%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).