Filing Flows › Hagerty (HGTY) › Q3 2026
Hagerty (HGTY) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 3, 2026
Hagerty (HGTY) reported revenue of $354M for the third quarter 2026 (Q3 2026), -9% from a year earlier and -0.2% from the quarter before. Operating margin was 11.7%, net earnings $10.2M (2.9% of revenue).
Hagerty, Q3 2026: revenue $354M (-10% year over year), operating margin 11.7%, net earnings $10.2M, operating cash flow $94.0M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $354M | -0.2% | -9% |
| Operating profit | $41.4M | 19× | +21% |
| Net earnings | $10.2M | 36× | -51% |
| Operating cash flow | $94.0M | -45% | +2% |
| Free cash flow | $86.4M | -47% | +1% |
What changed
Revenue was $354.2M in Q3 2026, down 9% year over year and roughly flat from the previous quarter. Insurance was the largest line at 91% of revenue. Insurance lost $35.1M year over year (down 10%), 94% of the total change.
Operating profit was $41.4M, a 11.7% margin (up 2.9 points year over year). Total costs fell 12% while revenue fell 9%. The fastest-growing cost line was Other operating costs (+23%). Net earnings were $10.2M, down 51% year over year. The effective tax rate was 12.4%.
Operating cash flow was $94.0M (up 2% year over year), 259% of net income including minority interests. Non-cash charges added back $9.8M of depreciation and amortization and $5.2M of share-based compensation. Working capital and other items added $42.7M. Capital expenditures of $7.6M left free cash flow of $86.4M.
Questions
What was Hagerty's revenue in the third quarter 2026?
Hagerty (HGTY) reported revenue of $354M for the third quarter 2026 (Q3 2026), -9% from a year earlier and -0.2% from the quarter before.
Was Hagerty profitable in the third quarter 2026?
Operating profit was $41.4M (11.7% of revenue) and net earnings $10.2M.
Source: Hagerty 10-Q on SEC EDGAR.