Hagerty Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	1,360	1,200	1,000	787.59	619.08	499.55
Revenue Growth (YoY)	17.92%	19.98%	27.00%	27.22%	23.93%	25.74%
Cost of Revenue	548.78	520.06	437.55	381.94	293.98	228.53
Gross Profit	811.23	679.98	562.66	405.64	325.1	271.02
Selling, General & Admin	660.57	574.75	493.62	421	313.02	243.37
Operating Expenses	697.45	613.65	539.43	454.89	335.17	255.17
Operating Income	113.78	66.33	23.23	-49.24	-10.07	15.85
Interest Expense	-7.43	-5.8	-6.21	-	-1.99	-0.99
Interest & Investment Income	38.31	39.48	26.91	-	-	-
Earnings From Equity Investments	-	-	-	-1.68	-	-
Other Non Operating Income (Expenses)	-33.87	-8.64	13.67	43.93	-42.54	-
EBT Excluding Unusual Items	110.79	91.37	57.6	-6.99	-54.6	14.86
Merger & Restructuring Charges	-	-	-8.81	-18.32	-	-
Gain (Loss) on Sale of Investments	2.59	2.22	-	34.74	-	-
Gain (Loss) on Sale of Assets	-	0.09	-4.01	-	-	-
Other Unusual Items	-7.43	-7.43	-3.68	-	-	-
Pretax Income	105.96	86.26	41.1	9.42	-54.6	14.86
Income Tax Expense	-15.72	15.38	16.59	7.02	6.75	4.82
Earnings From Continuing Operations	121.68	70.88	24.5	2.4	-61.35	10.04
Minority Interest in Earnings	-85.81	-61.29	-7.95	29.68	15	0.13
Net Income	35.87	9.59	16.55	32.08	-46.36	10.17
Preferred Dividends & Other Adjustments	2.55	0.69	0.67	-	-	-
Net Income to Common	33.32	8.9	15.88	32.08	-46.36	10.17
Net Income Growth	44.60%	-42.07%	-48.39%	-	-	141.71%
Shares Outstanding (Basic)	92	88	84	83	82	0
Shares Outstanding (Diluted)	283	89	340	336	82	0
Shares Change (YoY)	-17.55%	-73.99%	1.24%	308.31%	82227.00%	32.16%
EPS (Basic)	0.36	0.10	0.19	0.39	-0.56	101.66
EPS (Diluted)	0.36	0.10	0.09	-0.07	-0.56	101.66
EPS Growth	241.11%	8.26%	-	-	-	82.89%
Free Cash Flow	154.7	155.68	107.3	10.95	-1.09	46.31
Free Cash Flow Per Share	0.55	1.76	0.32	0.03	-0.01	463.14
Gross Margin	59.65%	56.66%	56.25%	51.51%	52.51%	54.25%
Operating Margin	8.37%	5.53%	2.32%	-6.25%	-1.63%	3.17%
Profit Margin	2.45%	0.74%	1.59%	4.07%	-7.49%	2.04%
Free Cash Flow Margin	11.38%	12.97%	10.73%	1.39%	-0.18%	9.27%
EBITDA	150.66	105.24	69.04	-15.36	12.07	27.65
EBITDA Margin	11.08%	8.77%	6.90%	-1.95%	1.95%	5.53%
D&A For EBITDA	36.88	38.91	45.81	33.89	22.14	11.8
EBIT	113.78	66.33	23.23	-49.24	-10.07	15.85
EBIT Margin	8.37%	5.53%	2.32%	-6.25%	-1.63%	3.17%
Effective Tax Rate	-	17.83%	40.38%	74.49%	-	32.44%
Revenue as Reported	1,360	1,200	1,000	787.59	619.08	499.55
Advertising Expenses	-	25.9	25.5	27.8	24.1	18.2

Updated Nov 4, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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