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Hagerty HGTY Funding of TRA Liability payments

Funding of TRA Liability payments at other companies

Ryan Specialty Holdings logo
Ryan Specialty HoldingsRYAN
$6.29M+16.6%
Tradeweb Markets Inc. logo
Tradeweb Markets Inc.TW
$719K-76.5%
PJT Partners logo
PJT PartnersPJT
$0-100%
Blue Owl Capital logo
Blue Owl CapitalOWL
$64.8M+22.0%
Shift4 Payments logo
Shift4 PaymentsFOUR
-$120M-4,100%
Nextpower Inc.
 logo
Nextpower Inc. NXT
$372.66M-5.6%

Other financials

Income statement

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Revenue$311.8M-5.0%
Operating income$34.3M+240%
Net income-$12.7M-147%
EPS (diluted)-$0.06-186%

Balance sheet

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Cash & equivalents$366.7M+28.1%
Total debt$272.5M+50.3%
Total equity$218.7M+34.2%
Total assets$2.0B+11.5%

Cash flow

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Operating cash flow$16.3M-62.9%
CapEx$7.7M+43.1%
Free cash flow$8.5M-77.8%

Valuation

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Market cap$1.17B+26.6%
Enterprise value$1.07B+31.5%
P/E10.7×+1.2×
P/S0.8×+0.1×

Profitability

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Operating margin8.1%
Net margin7.5%0.0pp
FCF margin11.4%

Returns & leverage

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Return on equity57.2%-18.7pp
Debt / equity1.2×+0.1×
Current ratio0.0×

Where this comes from

Reported directly by Hagerty in its filing.

Tagged under the XBRL concept hgty:ProceedsFromPaymentsForTaxReceivableAgreement.

The official record: Hagerty’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Hagerty's funding of TRA liability payments?
Hagerty (HGTY) reported funding of TRA liability payments of -$1.55M in Q1 2026.
How has Hagerty's funding of TRA liability payments changed year-over-year?
Hagerty's funding of TRA liability payments decreased by 592.8% year-over-year, from -$223K to -$1.55M.
What does funding of TRA liability payments mean?
Tracks cash payments made under a Tax Receivable Agreement, typically associated with the realization of tax benefits by the company. These payments represent the distribution of tax savings to pre-IPO shareholders or other beneficiaries as stipulated by contractual agreements. Monitoring these payments is essential for evaluating the long-term cash obligations arising from corporate restructuring or ownership changes.