What is Hagerty's non-cash lease expense?

Hagerty (HGTY) reported non-cash lease expense of $2.11M in Q1 2026.

How has Hagerty's non-cash lease expense changed year-over-year?

Hagerty's non-cash lease expense decreased by 0.0% year-over-year, from $2.11M to $2.11M.

What does non-cash lease expense mean?

This metric represents the non-cash portion of lease expenses recognized under accounting standards for right-of-use assets. It is added back to net income in the cash flow statement because it does not involve an actual cash outflow during the period. It helps investors reconcile accounting expenses with actual cash operating performance.

Hagerty HGTY Non-cash lease expense

Non-cash lease expense at other companies

Rush Street InteractiveRSI

$265K+18.3%

Apogee Therapeutics, Inc.APGE

$980K+14.4%

Braze, Inc.BRZE

$500K-54.9%

MapLight Therapeutics, Inc. MPLT

$229K+8.0%

GreifGEF

$14.5M-0.7%

Remitly Global, Inc.RELY

$765K-20.2%

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+26.6%

Enterprise value$1.07B+31.5%

P/E10.7×+1.2×

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

Reported directly by Hagerty in its filing.

Tagged under the XBRL concept hgty:NonCashLeaseExpense.

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

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Questions, answered.

What is Hagerty's non-cash lease expense?: Hagerty (HGTY) reported non-cash lease expense of $2.11M in Q1 2026.
How has Hagerty's non-cash lease expense changed year-over-year?: Hagerty's non-cash lease expense decreased by 0.0% year-over-year, from $2.11M to $2.11M.
What does non-cash lease expense mean?: This metric represents the non-cash portion of lease expenses recognized under accounting standards for right-of-use assets. It is added back to net income in the cash flow statement because it does not involve an actual cash outflow during the period. It helps investors reconcile accounting expenses with actual cash operating performance.