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Hagerty HGTY Preferred Stock, Accretion of Convertible Preferred Stock

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Other financials

Income statement

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Revenue$311.8M-5.0%
Operating income$34.3M+240%
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+26.6%
Enterprise value$1.07B+31.5%
P/E10.7×+1.2×
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 ratio0.0×

Where this comes from

Reported directly by Hagerty in its filing.

Tagged under the XBRL concept hgty:PreferredStockAccretionOfConvertiblePreferredStock.

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 preferred stock, accretion of convertible preferred stock?
Hagerty (HGTY) reported preferred stock, accretion of convertible preferred stock of $2.03M in Q1 2026.
How has Hagerty's preferred stock, accretion of convertible preferred stock changed year-over-year?
Hagerty's preferred stock, accretion of convertible preferred stock increased by 8.3% year-over-year, from $1.88M to $2.03M.
What does preferred stock, accretion of convertible preferred stock mean?
This represents the periodic increase in the carrying value of preferred stock to its redemption value or the amortization of issuance costs. It is a non-cash accounting adjustment that impacts the earnings available to common shareholders. It is essential for calculating accurate earnings per share for common equity holders.