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Hagerty HGTY Marketplace — Operating Expenses

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Insurance
$312.13M+7.1%

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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$1.39B+40.3%
Enterprise value$1.18B+37.1%
P/E19.8×+10.1×
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 us-gaap:OperatingExpenses.

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
REVENUES:Insurance / (in thousands)Marketplace / (in thousands)Total / (in thousands)
Underwriting and other insurance expenses62,94762,947
Selling, general, and administrative expenses55,93138,98494,915
Interest expense and other, net(1,103)(106)(1,209)
Total segment expenses312,12538,878351,003
Segment income before taxes2,7671,0523,819
Corporate expenses(350)
Interest expense(1,237)
Income before taxes$2,232

Item 1. Financial Statements (Unaudited)

FAQ

What is Hagerty's marketplace — operating expenses?
Hagerty (HGTY) reported marketplace — operating expenses of $38.88M in Q2 2026.
How has Hagerty's marketplace — operating expenses changed year-over-year?
Hagerty's marketplace — operating expenses increased by 34.0% year-over-year, from $29.02M to $38.88M.
What does marketplace — operating expenses mean?
This metric represents the total costs incurred to operate the marketplace business segment, including sales, marketing, and administrative overhead. It reflects the operational efficiency and cost structure required to support the company's enthusiast vehicle marketplace platform. Monitoring this helps investors assess the scalability of the segment's business model relative to its revenue growth.

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