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Hagerty HGTY Non-controlling interest

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Other financials

Income statement

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Revenue$354.8M-6.5%
Operating income$34.3M+240%
Net income$8.0M-83.0%
EPS (diluted)-$0.02-122%

Balance sheet

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Cash & equivalents$467.6M+41.5%
Total debt$258.3M+28.5%
Total equity$215.5M+25.1%
Total assets$2.1B+5.3%

Cash flow

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Operating cash flow$169.9M+215%
CapEx$8.2M+33.8%
Free cash flow$161.7M+239%

Valuation

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Market cap$1.38B+38.6%
Enterprise value$1.17B+35.1%
P/E19.7×+9.9×
P/S+0.2×

Profitability

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Operating margin8%
Net margin4.9%-2.6pp
FCF margin19.4%

Returns & leverage

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Return on equity36.1%-40.3pp
Debt / equity1.2×0.0×
Current ratio0.0×

Where this comes from

Reported directly by Hagerty in its filing.

Tagged under the XBRL concept hgty:NonControllingInterest.

The source filing: Hagerty’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 1:40 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001840776-26-000031

During the six months ended June 30, 2026 and 2025, certain other holders of THG units that do not hold corresponding shares of Class V Common Stock exchanged 424,402 and 78,302, respectively, THG units for an equal number of shares of Class A Common Stock. These exchanges resulted in reductions to "Non-controlling interest" and corresponding increases to "Additional paid-in capital" of $0.8 million and $0.7 million, respectively.

Item 1. Financial Statements (Unaudited)

FAQ

What is Hagerty's non-controlling interest?
Hagerty (HGTY) reported non-controlling interest of $800K in Q2 2026.
How has Hagerty's non-controlling interest changed year-over-year?
Hagerty's non-controlling interest increased by 14.3% year-over-year, from $700K to $800K.
What does non-controlling interest mean?
Non-controlling interest as reported by Hagerty, Inc..

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