Hagerty, Inc.

HGTY · NYSE
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12/31/2024
12/31/2023
12/31/2022
12/31/2021
Revenue$1,191$1,012$829$577
% Growth17.8%22%43.9%
Cost of Goods Sold$600$472$374$263
Gross Profit$591$539$456$313
% Margin49.6%53.3%55%54.4%
R&D Expenses$0$0$0$0
G&A Expenses$304$302$289$236
SG&A Expenses$494$459$429$344
Sales & Mktg Exp.$191$156$141$107
Other Operating Expenses$3$36$15$24
Operating Expenses$498$495$445$368
Operating Income$94$45$11-$55
% Margin7.9%4.4%1.3%-9.5%
Other Income/Exp. Net$0$0-$2$0
Pre-Tax Income$94$45$9-$55
Tax Expense$15$17$7$7
Net Income$17$20$32-$46
% Margin1.4%2%3.9%-8%
EPS0.10.380.049-0.75
% Growth-73.7%670.8%106.6%
EPS Diluted0.10.0930.012-0.75
Weighted Avg Shares Out88848382
Weighted Avg Shares Out Dil8934033682
Supplemental Information
Interest Income$0$23$0$2
Interest Expense$0$0$0$0
Depreciation & Amortization$39$46$34$22
EBITDA$133$91$45-$32
% Margin11.1%9%5.4%-5.6%