Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
---|---|---|---|---|---|---|
Income Statement | ||||||
Total Revenue | 1.31B | 1.20B | 1.01B | 829.49M | 576.54M | 499.55M |
Gross Profit | 1.06B | 978.58M | 574.20M | 540.88M | 404.64M | 271.02M |
EBITDA | 160.35M | 132.59M | 69.04M | 0.00 | -32.46M | 27.65M |
Net Income | 75.89M | 17.02M | 20.23M | 4.08M | -61.35M | 10.17M |
Balance Sheet | ||||||
Total Assets | 2.04B | 1.71B | 1.59B | 1.31B | 1.04B | 610.71M |
Cash, Cash Equivalents and Short-Term Investments | 259.63M | 232.84M | 108.33M | 95.17M | 275.33M | 38.11M |
Total Debt | 194.29M | 154.86M | 181.14M | 196.61M | 135.50M | 69.00M |
Total Liabilities | 1.46B | 1.19B | 1.09B | 945.15M | 771.07M | 493.39M |
Stockholders Equity | 172.28M | 150.32M | 175.54M | 59.25M | -323.78M | 117.20M |
Cash Flow | ||||||
Free Cash Flow | 131.53M | 155.68M | 107.30M | 10.95M | -1.09M | 46.32M |
Operating Cash Flow | 152.48M | 177.02M | 133.71M | 55.33M | 42.28M | 84.57M |
Investing Cash Flow | -170.47M | -618.56M | -52.65M | -91.52M | -68.99M | -47.39M |
Financing Cash Flow | 33.34M | -46.92M | 103.16M | -28.08M | 332.07M | 39.95M |
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
---|---|---|---|---|---|---|---|
83 Outperform | $3.24B | 21.99 | 22.45% | ― | 52.60% | 50.69% | |
79 Outperform | $4.08B | 10.45 | 21.56% | 1.70% | 14.93% | 22.19% | |
74 Outperform | $3.74B | 53.26 | 12.70% | ― | 17.25% | -11.72% | |
68 Neutral | $1.34B | 18.25 | 27.52% | ― | 59.76% | ― | |
67 Neutral | ¥850.22B | 13.13 | 9.24% | 2.97% | 7.76% | 9.30% | |
58 Neutral | $3.38B | 10.15 | 12.21% | 2.36% | 2.75% | 572.22% | |
55 Neutral | $4.23B | ― | -35.10% | ― | 22.91% | 4.95% |
On August 7, 2025, Hagerty, Inc. announced the pricing of its upsized secondary offering of 9,700,000 shares of Class A Common Stock at $9.34 per share, with the offering closing on August 11, 2025. The selling stockholders, Hagerty Holding Corp. and Aldel LLC, will not pass proceeds to Hagerty, as they will use the net proceeds to redeem shares for the benefit of Kim Hagerty’s estate. The offering, managed by Keefe, Bruyette & Woods and J.P. Morgan, highlights Hagerty’s strategic financial maneuvers but does not directly impact its operational cash flow.
On August 6, 2025, Hagerty, Inc. announced a secondary public offering of 8,700,000 shares of its Class A Common Stock, facilitated by Aldel LLC and Hagerty Holding Corp. While Hagerty will not receive proceeds from this sale, the offering is intended to benefit the estate of Kim Hagerty through a redemption of shares. The announcement underscores Hagerty’s strategic financial maneuvers and may influence its market positioning and stakeholder interests.
On August 4, 2025, Hagerty Inc announced its tenth consecutive quarter of profitable growth, with a significant revenue increase of 18% to $688 million and a net income rise of 46% to $74 million in the first half of 2025. The company highlighted its expansion in the auction business through Broad Arrow Auctions, which has become the second-largest auction house in the premium segment globally. Notable events include successful auctions in Europe and an upcoming auction in the United States, showcasing Hagerty’s strategic growth and market leadership in the classic car industry.
On July 24, 2025, Hagerty, Inc. announced a non-binding letter of intent for a proposed fronting arrangement with Markel Group Inc., expected to be effective on January 1, 2026. This arrangement will allow Hagerty to assume 100% of the underwriting and investment economics, enhancing profitability and operational control without disrupting policyholders. The agreement, subject to regulatory approval, marks an evolution of Hagerty’s partnership with Markel, with the company anticipating increased administrative responsibilities and a decrease in fronting fees based on policy volume.
On June 3, 2025, Hagerty, Inc. held its Annual Meeting of Stockholders where directors were elected for a one-year term, and the appointment of Deloitte & Touche LLP as the independent registered public accounting firm for 2025 was ratified. The election of directors and the ratification of the accounting firm are expected to support the company’s governance and financial oversight, potentially impacting its operational stability and stakeholder confidence.