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NEW YORK STOCK EXCHANGE, INC. · Insurance · CIK 0001840776
$15.79
+1.74% · delayed ~15 min
Last price from Oct 22, 2026
$5.43B market value
From Hagerty, Inc.'s FY2025 10-K, filed Feb 26, 2026 · read the filing
It took in $677.6M last year, which makes it a smaller company. Of every dollar it sells, about 22 cents is left as profit.
The financial picture is led by profitability and growth, with debt worth watching.
A conclusion from the filings, not a recommendation. Detailed figures and supporting evidence appear in their dedicated sections below.
Recent open-market selling by Hagerty Holding Corp., not under a pre-arranged plan.
$122.0M sold in the last 120 days · Read the filing
These are things the company filed or that a published model flagged — not predictions, and not a reason on their own to buy or sell anything.
Financial health
Strong finances across the board.
From Hagerty, Inc.'s FY2025 annual filing · share price scored separately
Largest year-over-year changes in FY2025
Profit
$78.3M → $149.2M
Long-term debt
$105.8M → $177.9M
Cash
$104.8M → $160.2M
Revenue
$548.6M → $677.6M
Measured against FY2024, from the 10-K filed Feb 26, 2026
Improved: +90.6%
$78.3M to $149.2MCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Deteriorated: +68.2%
$105.8M to $177.9MCritical
Why it matters: Rising debt is not automatically bad — borrowing to build something that earns more than the interest is ordinary. It matters when it grows faster than the profit meant to service it.
How the latest move compares (quote delayed ~15 min), and what was published around it
HGTY rose 1.74% on the latest quote. The average Financials company tracked here moved +1.11%, and the S&P 500 −1.04%. That is 0.6 points above its sector and 2.8 points above the market.
Expectations
Not from the filings — what other people are betting on, and what the price already assumes.
Opinions from 15 analysts covering this company, as of . Their views, not this site's.
Of 15 analysts publishing on this company, 3 say strong buy, 6 say buy, 5 say hold and 1 say sell. Analysts are paid to publish a view and are wrong often; the split above says how much they agree with each other, which is the part a single headline rating hides.
Published by Finnhub. Analyst coverage skews towards larger companies and towards optimism — sell ratings are rare across the whole market, so a company with none is ordinary rather than endorsed.
The essentials
Each answered from the filings, with the numbers behind it.
Yes. It keeps about 22 cents of every dollar of sales as profit, earning $149.2M last year.
Yes, quickly. Sales grew 23.5% last year.
For every $1 it owes, it owns $1.55 in assets. Banks and insurers always carry high debt — that is how lending works — so this is normal for the industry and not comparable with other sectors.
Core operating and valuation reference metrics
Income
This company pays no dividend. It keeps its profits and reinvests them in the business instead, so any return would have to come from the share price.
Figures from the FY2025 annual filing
Last year it earned $149.2M and generated $219.0M of cash from operations.
As reported to the SEC, in USD. Hover or show sources to see where each figure came from.
| Income statement | FY202510-K · Feb 26, 2026Filing for FY2025 | FY202410-K · Feb 26, 2026Filing for FY2024 | FY202310-K · Feb 26, 2026Filing for FY2023 | FY202210-K · Mar 4, 2025Filing for FY2022 | FY202110-K · Mar 24, 2022Filing for FY2021 | ChangeFY2025 vs FY2024 |
|---|---|---|---|---|---|---|
| RevenueWhat is this? | $677.6M | $548.6M | $464.3M | $383.7M | $323.3M | +23.5% |
| Selling, general and administrative | $94.5M | $82.5M | $85.4M | $89.1M | $64.6M | +14.6% |
| Operating income | — | $66.4M | $10.4M | -$67.6M | -$10.1M | — |
| Operating marginOperating income ÷ revenueWhat is this? | — | 12.1% | 2.2% | -17.6% | -3.1% | — |
| Interest expense | $5.4M | $1.4M | $5.4M | — | — | +289.7% |
| Income before tax | $139.2M | $93.7M | $44.8M | $11.1M | -$54.6M | +48.6% |
| Net income | $149.2M | $78.3M | $28.2M | $32.1M | -$46.4M | +90.6% |
| Net marginNet income ÷ revenueWhat is this? | 22.0% | 14.3% | 6.1% | 8.4% | -14.3% | +7.7 pts |
| Earnings per shareNet income ÷ shares outstanding at the period end — close to, but not the same as, the reported EPSWhat is this? | — | $0.2268 | $0.0829 | $0.0946 | $-0.1391 | — |
† calculated from other reported figures, such as total liabilities as assets minus equity.
This company's latest filing beside its peers' stored scores
| Company | Health | F-Score | Revenue growth | Profit margin | P/E | Debt to equity |
|---|---|---|---|---|---|---|
| HGTYHagerty, Inc. · this page | 8.7/10 | 5/6 |
Insider activity, ownership stakes and what's coming — straight from EDGAR, before any article is written about it
Officers, directors and major shareholders must report within two business days of a trade.
Had shares withheld to cover taxes — 959 shares at $13.46 ($12.9K)
Holds 83,013 shares after this filing.
Was granted or awarded shares — 1,192 shares at $12.79 ($15.2K)
Holds 337,986 shares after this filing.
20 recent filings, newest first. Each is labelled from its form and item numbers, not from its wording.
Signed a material agreement · Reported another event
Read the filingMade a Regulation FD disclosure
Read the filingWrite down why you are following Hagerty, Inc., what has to go right and what would change your mind, then see each new annual report measured against it. Sign in to start one.
Go deeper
Every figure above traces back to a filing in the timeline, each linked to the document itself.
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Every company's figures are checked for internal consistency: the balance sheet adding up, figures sharing one currency, cash flow and share counts within plausible ranges, and how recent the latest annual report is. Nothing here changes a figure.
Financial figures are from HGTY's 10-K for fiscal year 2025 (period ending 2025-12-31, filed Feb 26, 2026), reported under the US GAAP taxonomy. View the source filing.
3 of 4 scored areas had enough reported figures to judge
The score averages profitability, growth, debt and accounting. Accounting had too few reported figures and is left out of the average rather than counted as a weakness, so a company is never marked down for a figure it did not publish. Cash generation is shown for context and already feeds profitability. Valuation is scored separately, because a share price says nothing about whether the business is sound. 6 of the 9 Piotroski checks could be evaluated. How the score works
Each year scored only from its annual report as it was first filed
| Fiscal year | Health | F-Score | Scored from |
|---|---|---|---|
| FY2025 | 8.7 | 5/6 | 10-K, filed Feb 26, 2026 |
| FY2024 | 8.7 | 7/8 | 10-K, filed Mar 4, 2025 |
| FY2023 | 7.3 | 7/8 | 10-K, filed Mar 12, 2024 |
| FY2022 | 7.3 | 6/8 | 10-K, filed Mar 14, 2023 |
| FY2021 | 6.0 | 3/8 | 10-K, filed Mar 24, 2022 |
| FY2020 | 6.0 | 3/3 | 10-K, filed Mar 24, 2022 |
A later restatement never reaches back into an earlier year, and every year is scored without a share price, so the latest point can differ a little from the headline score, which uses today's price.
Every check behind the three models, and what each one tests
5 of 6 checks passed
Nine yes-or-no tests of whether this year's finances improved on last year's. 3 could not be evaluated and are excluded from the total rather than counted as failures.
not reported — Not meaningful for banks, insurers and other financial companies. Their balance sheets have no working capital and are leveraged by design, which this model misreads as distress.
Not meaningful for banks, insurers and other financial companies. Their balance sheets have no working capital and are leveraged by design, which this model misreads as distress.
Distance from bankruptcy, from a model fitted on companies that did and did not go bust. It describes a balance sheet's shape today; it does not forecast a failure.
not reported — Not meaningful for banks, insurers and other financial companies. Their balance sheets have no working capital and are leveraged by design, which this model misreads as distress.
Not meaningful for banks, insurers and other financial companies. Their balance sheets have no working capital and are leveraged by design, which this model misreads as distress.
Screens eight accounting ratios for the pattern earnings manipulators tend to leave. A flag is a reason to read the filing closely, never evidence of wrongdoing.
Every figure above comes from the FY2025 filing as filed with the SEC.
Improved: +52.9%
$104.8M to $160.2MCritical
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Improved: +23.5%
$548.6M to $677.6MSignificant
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Improved: +7.8 pts
14.3% to 22.0%Significant
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Improved: +24.9%
$155.7M to $194.5MSignificant
Why it matters: Cash left after paying for the plant that produced it — the money genuinely available for dividends, buybacks or paying down debt. Harder to flatter than profit.
Changed: +15.0%
$21.3M to $24.5MNotable
Why it matters: Neither good nor bad on its own. Heavy spending is a company building capacity or a company struggling to stand still, and the two look identical in this figure.
Q2 FY2026 against Q2 FY2026, from the 10-Q filed Aug 5, 2026 — read it.
Deteriorated: -57.1%
$188.4M to $80.8MCritical
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Deteriorated: -83.0%
$47.2M to $8.0MCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Deteriorated: −15.1 pts
25.1% to 9.9%Critical
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Deteriorated: -83.0%
$0.14 to $0.02Critical
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Deteriorated: +40.8%
$153.4M to $216.0MCritical
Why it matters: Rising debt is not automatically bad — borrowing to build something that earns more than the interest is ordinary. It matters when it grows faster than the profit meant to service it.
Improved: +112.6%
$140.3M to $298.3MCritical
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Q2 FY2026 against Q1 FY2026, from the 10-Q filed Aug 5, 2026 — read it. Quarter-to-quarter moves include seasonal swings — a retailer's holiday quarter — which the year-earlier comparison removes.
Improved: turned positive
-$12.7M to $8.0MCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Improved: +30.8 pts
-20.9% to 9.9%Critical
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Improved: +40.5%
$212.4M to $298.3MCritical
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Improved: +32.3%
$61.1M to $80.8MSignificant
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Improved: -5.5%
$228.6M to $216.0MNotable
Why it matters: Rising debt is not automatically bad — borrowing to build something that earns more than the interest is ordinary. It matters when it grows faster than the profit meant to service it.
Figures compare the two most recent annual filings — read the latest one. Moves are graded on fixed lines — 5%, 15% and 40% for amounts, and 1, 3 and 8 points for margins — as notable, significant or critical. Nothing here reads the management commentary, which is where a company explains its own numbers.
These coincide with the move in time. None is presented as its cause: a price can move on news that names no company, on the wider market, or on trading that no document records.
Filter by minute, hour, day or week — or compare against peers
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Measured on and published about a week later — this is a fortnightly snapshot, not a live position.
About 0.5% of this company's shares have been borrowed and sold by people expecting to buy them back cheaper. That is a bet the price falls. Those people can be wrong, and when a heavily shorted share rises they have to buy it back, which pushes it up further.
Collected by FINRA from broker-dealers twice a month. It counts positions, not intentions, and some of it is hedging rather than a directional bet against the company.
Nothing in this section is a figure this company reported about itself. These are expectations and positions — what the price implies, what analysts have published, what short sellers are betting, and what large funds held at the last count. WylthIQ reports them; it does not endorse them, does not forecast prices, and takes no view on whether any of them will turn out to be right.
The trailing P/E is 61.2x — a high multiple relative to the current trailing profit.
Not meaningful for banks, insurers and other financial companies. Their balance sheets have no working capital and are leveraged by design, which this model misreads as distress.
Reported annual figures
| 23.5% |
| 22.0% |
| 36.36x |
| 6.09x |
| MRSHMARSH & MCLENNAN COMPANIES, INC. | 7.3/10 | 7/8 | 10.3% | 15.4% | 23.23x | 2.83x |
|---|
| AJGArthur J. Gallagher & Co. | 8.7/10 | 6/8 | 20.7% | 10.7% | 46.61x | 2.03x |
|---|
| BROBROWN & BROWN, INC. | 8.7/10 | 4/8 | 22.8% | 17.9% | 23.75x | 1.39x |
|---|
| Median of peers | 8.7/10 | — | 20.7% | 15.4% | 23.75x | 2.03x |
|---|
Peers come from the company's industry classification. A difference describes the companies; it does not rank them.
Had shares withheld to cover taxes — 1,076 shares at $13.46 ($14.5K)
Holds 75,932 shares after this filing.
Was granted or awarded shares — 979 shares at $12.79 ($12.5K)
Holds 76,911 shares after this filing.
Gifted shares — 74,000 shares
Holds 674,097 shares after this filing.
Converted a derivative security — 7,836,411 shares
Holds 10,944,411 shares after this filing.
Converted a derivative security — 9,250,000 shares
Holds 9,250,000 shares after this filing.
Sold on the open market — 9,250,000 shares at $11.47 ($106.1M)
Holds 0 shares after this filing.
Converted a derivative security — 1,387,500 shares
Holds 1,387,500 shares after this filing.
Sold on the open market — 1,387,500 shares at $11.47 ($15.9M)
Holds 0 shares after this filing.
Sold on the open market — 3,113 shares at $12.25 ($38.1K)
Holds 83,972 shares after this filing.
Had shares withheld to cover taxes — 4,892 shares at $12.06 ($59.0K)
Holds 157,135 shares after this filing.
Notice filed ahead of a planned sale — the sale itself has not necessarily happened yet.
Filed notice to sell 3,113 shares ($38.1K) on or after .
Shares originally obtained via Restricted Stock Vesting.
Filed notice to sell 9,440 shares ($114.2K) on or after .
Shares originally obtained via Restricted Stock Vesting.
Filed notice to sell 905 shares ($10.9K) on or after .
Shares originally obtained via Restricted Stock Vesting.
Not investment advice, and not a signal to act on by itself — a filing says what happened, not why, and insiders trade for ordinary reasons having nothing to do with where they think the company is headed.
Quarterly report for Q2 FY2026
Revenue -57.1% · Profit margin −15.1 pts · Profit -83.0% — against Q2 FY2026
Published results · Made a Regulation FD disclosure
Read the filingHad a director or senior officer leave or join
Read the filingHeld a shareholder vote
Read the filingQuarterly report for Q1 FY2026
Revenue -58.8% · Profit margin −39.3 pts · Profit turned negative — against Q1 FY2025
Read the filingPublished results · Made a Regulation FD disclosure
Read the filingProxy statement for a shareholder meeting
Read the filingHad a director or senior officer leave or join
Read the filingAnnual report for FY2025
Revenue +23.5% · Profit margin +7.8 pts · Profit +90.6% — against FY2024
Read the filingPublished results · Made a Regulation FD disclosure
Read the filingSigned a material agreement
Read the filingQuarterly report for Q3 FY2025
Revenue +22.2% · Operating margin +11.6 pts · Operating income +240.1% — against Q3 FY2025
Read the filingPublished results · Made a Regulation FD disclosure
Read the filingSigned a material agreement · Reported another event
Read the filingMade a Regulation FD disclosure
Read the filingQuarterly report for Q2 FY2026
Revenue +22.8% · Profit margin −2.8 pts · Long-term debt +56.5% — against Q2 FY2025
Read the filingPublished results · Made a Regulation FD disclosure
Read the filingMade a Regulation FD disclosure · Reported another event
Read the filingYahoo ·
Primary sources and further research