What is Hagerty's net debt?

Hagerty (HGTY) reported net debt of -$94.24M in Q1 2026.

How has Hagerty's net debt changed year-over-year?

Hagerty's net debt increased by 10.3% year-over-year, from -$105.01M to -$94.24M.

What is the long-term trend for Hagerty's net debt?

Over 5 years (2020 to 2025), Hagerty's net debt has grown at a -19.9% compound annual growth rate (CAGR), from -$229.08M to -$75.41M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Hagerty HGTY Net debt

Discontinued — last reported Q1 '26

Net debt at other companies

Cabot CorporationCBT

1.1×-0.3×

Travel + LeisureTNL

6×+1.6×

UnifirstUNF

-0.2×-0.1×

HES

Hess MidstreamHESM

3.1×-0.1×

Dave, Inc.DAVE

-0.6×-1.0×

TDA

USA TODAY Co., Inc.TDAY

8.8×+4.2×

Other financials

Income statement

See full

Revenue$311.8M-5.0%

Operating income$34.3M+240%

Net income-$12.7M-147%

EPS (diluted)-$0.06-186%

Balance sheet

See full

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

See full

Operating cash flow$16.3M-62.9%

CapEx$7.7M+43.1%

Free cash flow$8.5M-77.8%

Valuation

See full

Market cap$1.17B+30.8%

Enterprise value$1.07B+36.3%

P/E10.7×+1.5×

P/S0.8×+0.1×

Profitability

See full

Operating margin8.1%—

Net margin7.5%0.0pp

FCF margin11.4%—

Returns & leverage

See full

Return on equity57.2%-18.7pp

Debt / equity1.2×+0.1×

Current ratio1×0.0×

Where this comes from

Calculated from Hagerty’s reported figures.

$272.5Mtotal debt−$366.7Mcash and equivalents=-$94.24M

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

Ask your AI about Hagerty's net debt.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Hagerty's net debt?: Hagerty (HGTY) reported net debt of -$94.24M in Q1 2026.
How has Hagerty's net debt changed year-over-year?: Hagerty's net debt increased by 10.3% year-over-year, from -$105.01M to -$94.24M.
What is the long-term trend for Hagerty's net debt?: Over 5 years (2020 to 2025), Hagerty's net debt has grown at a -19.9% compound annual growth rate (CAGR), from -$229.08M to -$75.41M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.