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Hagerty HGTY Accretion of Series A Convertible Preferred Stock

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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+38.7%
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:PreferredStockAccretionOfConvertiblePreferredStock.

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:Three months ended June 30, 2026 / (in thousands, except per share amounts)Three months ended June 30, 2025 / (in thousands, except per share amounts)Six months ended June 30, 2026 / (in thousands, except per share amounts)Six months ended June 30, 2025
Income tax (expense) benefit5,809(6,161)14,001(11,650)
NET INCOME (LOSS)8,04147,202(4,704)74,495
Net (income) loss attributable to non-controlling interest(7,761)(36,229)493(55,151)
Accretion of Series A Convertible Preferred Stock(1,948)(1,875)(3,978)(3,750)
NET INCOME (LOSS) ATTRIBUTABLE TO CLASS A COMMON STOCKHOLDERS$(1,668)$9,098$(8,189)$15,594
Earnings (loss) per share of Class A Common Stock:
Basic$(0.02)$0.09$(0.08)$0.16
Diluted$(0.02)$0.09$(0.08)$0.16

Item 1. Financial Statements (Unaudited)

FAQ

What is Hagerty's accretion of series a convertible preferred stock?
Hagerty (HGTY) reported accretion of series a convertible preferred stock of $1.95M in Q2 2026.
How has Hagerty's accretion of series a convertible preferred stock changed year-over-year?
Hagerty's accretion of series a convertible preferred stock increased by 3.9% year-over-year, from $1.88M to $1.95M.
What does accretion of series a convertible preferred stock mean?
Accretion of Series A Convertible Preferred Stock as reported by Hagerty, Inc..

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