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Hagerty HGTY Prepaid SaaS implementation costs

Prepaid SaaS implementation costs at other companies

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$4.6M+4,500%
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$3.53M+0.7%
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$38.56M+29.9%

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+38.7%
Enterprise value$1.17B+35.2%
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:PrepaidSoftwareImplementationCosts.

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
Line itemJune 30, 2026December 31, 2025
in thousands
Prepaid software-as-a-service ("SaaS") implementation costs$59,620$56,971
Prepaid selling, general, and administrative expenses24,85120,707
Inventory (1)24,89312,410
Property and equipment, net16,65516,253
Lease right-of-use assets (2)37,70240,657
Contract assets1,56118,233
Costs to obtain contracts with customers8,6409,965

Item 1. Financial Statements (Unaudited)

FAQ

What is Hagerty's prepaid saas implementation costs?
Hagerty (HGTY) reported prepaid saas implementation costs of $59.62M in Q2 2026.
How has Hagerty's prepaid saas implementation costs changed year-over-year?
Hagerty's prepaid saas implementation costs increased by 14.6% year-over-year, from $52.02M to $59.62M.
What is the long-term trend for Hagerty's prepaid saas implementation costs?
Over 4 years (2021 to 2025), Hagerty's prepaid saas implementation costs has grown at a 36.7% compound annual growth rate (CAGR), from $16.32M to $56.97M.
What does prepaid saas implementation costs mean?
Prepaid SaaS implementation costs as reported by Hagerty, Inc..

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