What is Hagerty's operating income?

Hagerty (HGTY) reported operating income of $34.32M in Q3 2025.

How has Hagerty's operating income changed year-over-year?

Hagerty's operating income increased by 240.1% year-over-year, from $10.09M to $34.32M.

What is the long-term trend for Hagerty's operating income?

Over 2 years (2021 to 2024), Hagerty's operating income has grown at a 156.8% compound annual growth rate (CAGR), from -$10.07M to $66.42M.

What does operating income mean?

Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

Hagerty HGTY Operating Income

Discontinued — last reported Q3 '25

Operating Income at other companies

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$250.2M+34.2%

OPENLANE, IncOPLN

$73.8M+42.7%

ACV Auctions Inc.ACVA

-$9.24M+36.0%

CarGurus, Inc.CARG

$40.08M-20.9%

Penske Automotive GroupPAG

$289M-12.3%

eBayEBAY

$611M0.0%

Other financials

Income statement

See full

Revenue$311.8M-5.0%

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+30.8%

Enterprise value$1.07B+36.3%

P/E10.7×+1.5×

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 ratio1×0.0×

Where this comes from

Reported directly by Hagerty in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The official record: Hagerty’s 10-Q, filed November 4, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Hagerty's operating income?: Hagerty (HGTY) reported operating income of $34.32M in Q3 2025.
How has Hagerty's operating income changed year-over-year?: Hagerty's operating income increased by 240.1% year-over-year, from $10.09M to $34.32M.
What is the long-term trend for Hagerty's operating income?: Over 2 years (2021 to 2024), Hagerty's operating income has grown at a 156.8% compound annual growth rate (CAGR), from -$10.07M to $66.42M.
What does operating income mean?: Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.