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Hagerty HGTY Marketplace — Selling, general, and administrative expenses

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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 hgty:SellingGeneralAndAdministrativeExpenseAdjusted.

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)
Losses and loss adjustment expenses, net110,709110,709
Policy acquisition costs, net83,64183,641
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)

Item 1. Financial Statements (Unaudited)

FAQ

What is Hagerty's marketplace — selling, general, and administrative expenses?
Hagerty (HGTY) reported marketplace — selling, general, and administrative expenses of $38.98M in Q2 2026.
What does marketplace — selling, general, and administrative expenses mean?
Encompasses all indirect operating expenses, including corporate overhead, marketing, and administrative support costs allocated to the marketplace segment. This metric measures the segment's ability to manage its fixed and variable operating costs relative to its revenue. It is a vital indicator of the segment's operational leverage and cost control effectiveness.

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