Heritage Insurance Holdings, Inc. (HRTG)

HRTG Income Statement

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

Year	2023	2022	2021	2020	2019
Revenue	735.5	662.46	631.56	593.39	511.31
Revenue Growth (YoY)	11.03%	4.89%	6.43%	16.05%	6.48%
Cost of Revenue	426.13	501.16	427.37	373.39	273.29
Gross Profit	309.37	161.3	204.19	220	238.02
Selling, General & Admin	245.39	226.7	211.76	209.81	188.45
Other Operating Expenses	0.77	91.96	60.5	0	0
Operating Expenses	246.15	318.66	272.26	209.81	188.45
Operating Income	63.22	-157.36	-68.06	10.19	49.57
Interest Expense / Income	11.21	8.81	7.97	7.97	8.52
Other Expense / Income	-	-	-	-	0.05
Pretax Income	52.01	-166.17	-76.03	2.21	41
Income Tax	6.7	-11.81	-1.31	-7.11	12.36
Net Income	45.31	-154.36	-74.73	9.33	28.64
Net Income Growth	-	-	-	-67.43%	5.45%
Shares Outstanding (Basic)	26	26	28	28	29
Shares Outstanding (Diluted)	26	26	28	28	29
Shares Change	-0.35%	-5.25%	-0.66%	-4.26%	12.02%
EPS (Basic)	1.73	-5.86	-2.69	0.33	0.98
EPS (Diluted)	1.73	-5.86	-2.69	0.33	0.98
EPS Growth	-	-	-	-66.33%	-5.77%
Free Cash Flow	60.53	-46.64	59.12	169.46	114.67
Free Cash Flow Per Share	2.31	-1.77	2.13	6.06	3.92
Dividend Per Share	-	0.120	0.240	0.240	0.240
Dividend Growth	-	-50.00%	0%	0%	0%
Gross Margin	42.06%	24.35%	32.33%	37.08%	46.55%
Operating Margin	8.59%	-23.75%	-10.78%	1.72%	9.69%
Profit Margin	6.16%	-23.30%	-11.83%	1.57%	5.60%
Free Cash Flow Margin	8.23%	-7.04%	9.36%	28.56%	22.43%
Effective Tax Rate	12.88%	-	-	-321.42%	30.15%
EBITDA	71.9	-149	-59.62	18.29	59.96
EBITDA Margin	9.78%	-22.49%	-9.44%	3.08%	11.73%
Depreciation & Amortization	8.69	8.36	8.45	8.1	10.44
EBIT	63.22	-157.36	-68.06	10.19	49.52
EBIT Margin	8.59%	-23.75%	-10.78%	1.72%	9.68%

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).