Filing Flows › Hagerty (HGTY) › Q2 2026 › vs Q1 2026
Hagerty (HGTY) Q2 2026 vs Q1 2026 (quarter over quarter)
Hagerty's revenue rose $43.0M (+14%) from $312M in Q1 2026 to $355M in Q2 2026. The biggest changes: Insurance +$29.0M (+10%); Marketplace +$14.0M (+54%). Operating margin 0.6% against -6.7% (+7.3 pts).
Hagerty, Q2 2026: revenue $355M (-6% year over year), operating margin 0.6%, net earnings $8.0M, operating cash flow $170M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 0.6% | -6.7% | +7.3 pts |
| Net margin | 2.3% | -4.1% | +6.4 pts |
| Free cash flow margin | 45.6% | 2.7% | +42.8 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Insurance | $315M | $286M | $29.0M | +10% |
| Marketplace | $39.9M | $25.9M | $14.0M | +54% |
| Revenue | $355M | $312M | $43.0M | +14% |
| Operating profit | $2.2M | −$20.9M | $23.2M | — |
| Costs & expenses | $353M | $333M | $19.8M | +6% |
| Pre-tax earnings | $2.2M | −$20.9M | $23.2M | — |
| SG&A | $95.3M | $72.4M | $22.8M | +32% |
| Other operating costs | $257M | $260M | −$3.0M | -1% |
| Income tax benefit | $5.8M | $8.2M | −$2.4M | -29% |
| Net earnings | $8.0M | −$12.7M | $20.8M | — |
| Depreciation & amortization | $9.7M | $9.7M | $10K | +0.1% |
| Share-based compensation | $5.1M | $4.6M | $476K | +10% |
| Working capital & other | $147M | $14.7M | $132M | +902% |
| Operating cash flow | $170M | $16.3M | $154M | +945% |
| Free cash flow (OCF − capex) | $162M | $8.5M | $153M | 19× |
| Capital expenditures | $8.2M | $7.7M | $530K | +7% |
Questions
How much did Hagerty's revenue grow quarter over quarter in Q2 2026?
Hagerty's revenue rose $43.0M (+14%) from $312M in Q1 2026 to $355M in Q2 2026.
What drove Hagerty's revenue change in Q2 2026?
Insurance +$29.0M (+10%); Marketplace +$14.0M (+54%).