Filing Flows › Hagerty (HGTY) › Q2 2026
Hagerty (HGTY) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 5, 2026
Hagerty (HGTY) reported revenue of $355M for the second quarter 2026 (Q2 2026), -6% from a year earlier and +14% from the quarter before. Operating margin was 0.6%, net earnings $8.0M (2.3% of revenue).
Hagerty, Q2 2026: revenue $355M (-6% year over year), operating margin 0.6%, net earnings $8.0M, operating cash flow $170M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $355M | +14% | -6% |
| Operating profit | $2.2M | — | -95% |
| Net earnings | $8.0M | — | -83% |
| Operating cash flow | $170M | +945% | +215% |
| Free cash flow | $162M | 19× | +239% |
What changed
Revenue was $354.8M in Q2 2026, down 6% year over year and up 14% from the previous quarter. Insurance was the largest line at 89% of revenue. Insurance lost $37.4M year over year (down 11%), 153% of the total change.
Operating profit was $2.2M, a 0.6% margin (down 11.9 points year over year). Total costs grew 6% against a revenue fall of 6%. The fastest-growing cost line was Other operating costs (+51%). Net earnings were $280K, down 97% year over year. The tax line was a benefit of $5.8M on pre-tax earnings of $2.2M.
Operating cash flow was $169.9M (up 215% year over year), 2113% of net income including minority interests. Non-cash charges added back $9.7M of depreciation and amortization and $5.1M of share-based compensation. Working capital and other items added $147.1M. Capital expenditures of $8.2M left free cash flow of $161.7M.
Questions
What was Hagerty's revenue in the second quarter 2026?
Hagerty (HGTY) reported revenue of $355M for the second quarter 2026 (Q2 2026), -6% from a year earlier and +14% from the quarter before.
Was Hagerty profitable in the second quarter 2026?
Operating profit was $2.2M (0.6% of revenue) and net earnings $8.0M.
Source: Hagerty 10-Q on SEC EDGAR.