HGTY
Income statement / Annual
Last year (2023), Hagerty, Inc.'s total revenue was $1.01 B,
an increase of 21.97% from the previous year.
In 2023, Hagerty, Inc.'s net income was $15.88 M.
See Hagerty, Inc.’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
| Operating Revenue |
$1.01 B
|
$829.49 M
|
$576.54 M
|
$499.55 M
|
$397.27 M
|
$301.70 M
|
| Cost of Revenue |
$437.55 M |
$288.61 M |
$171.90 M |
$228.53 M |
$178.69 M |
$137.97 M |
| Gross Profit |
$574.20 M |
$540.88 M |
$404.64 M |
$271.02 M |
$218.58 M |
$163.73 M |
| Gross Profit Ratio |
0.57 |
0.65 |
0.7 |
0.54 |
0.55 |
0.54 |
| Research and Development
Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$3.51 M
|
$0.00
|
| General & Administrative
Expenses |
$302.33 M
|
$288.61 M
|
$236.46 M
|
$188.70 M
|
$153.32 M
|
$127.91 M
|
| Selling & Marketing
Expenses |
$156.38 M
|
$140.78 M
|
$107.48 M
|
$86.21 M
|
$84.19 M
|
$70.02 M
|
| Selling, General &
Administrative Expenses |
$458.71 M
|
$429.39 M
|
$343.94 M
|
$274.90 M
|
$237.51 M
|
$197.92 M
|
| Other Expenses |
$553.05 M |
$477.48 M |
-$1.01 B |
$208.80 M |
$148.92 M |
-$16,713.00 |
| Operating Expenses |
$1.01 B |
$566.54 M |
-$667.83 M |
$483.70 M |
$386.43 M |
$293.09 M |
| Cost And Expenses |
$1.01 B |
$818.39 M |
$631.14 M |
$484.69 M |
$385.82 M |
$293.10 M |
| Interest Income |
$0.00 |
$2.03 M |
$1.99 M |
$987,000.00 |
$0.00 |
$0.00 |
| Interest Expense |
$0.00 |
$2.03 M |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
| Depreciation &
Amortization |
$45.81 M
|
$33.89 M
|
$22.14 M
|
$11.80 M
|
$8.95 M
|
$7.75 M
|
| EBITDA |
$69.04 M
|
$0.00
|
-$32.46 M
|
$27.65 M
|
$16.29 M
|
$16.37 M
|
| EBITDA Ratio |
0.07 |
0.09 |
-0.12 |
0.06 |
0.05 |
0.05 |
| Operating Income Ratio
|
0.01
|
0.05
|
-0.16
|
0.03
|
0.03
|
0.03
|
| Total Other
Income/Expenses Net |
$34.36 M
|
$76.99 M
|
-$44.53 M
|
-$987,000.00
|
$607,953.00
|
-$16,713.00
|
| Income Before Tax |
$44.77 M |
$11.10 M |
-$54.60 M |
$14.86 M |
$11.46 M |
$8.60 M |
| Income Before Tax Ratio
|
0.04
|
0.01
|
-0.09
|
0.03
|
0.03
|
0.03
|
| Income Tax Expense |
$16.59 M |
$7.02 M |
$6.75 M |
$4.82 M |
$7.25 M |
$121,810.00 |
| Net Income |
$15.88 M |
$4.08 M |
-$61.35 M |
$10.17 M |
$4.21 M |
$8.47 M |
| Net Income Ratio |
0.02 |
0 |
-0.11 |
0.02 |
0.01 |
0.03 |
| EPS |
0.38 |
0.0493 |
-0.75 |
0.12 |
0.0511 |
0.1 |
| EPS Diluted |
0.0933 |
0.0121 |
-0.75 |
0.12 |
0.0511 |
0.1 |
| Weighted Average Shares
Out |
$84.18 M
|
$82.73 M
|
$82.33 M
|
$82.33 M
|
$82.33 M
|
$82.33 M
|
| Weighted Average Shares
Out Diluted |
$340.32 M
|
$336.15 M
|
$82.33 M
|
$82.33 M
|
$82.33 M
|
$82.33 M
|
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