Filing Flows › Hagerty (HGTY) › How it makes money
How Hagerty (HGTY) makes money
Hagerty (HGTY) made $354M of revenue in the third quarter 2026 (Q3 2026), -9% from a year earlier. Insurance brought in $322M (91%); Marketplace brought in $32.6M (9%). Of every dollar of revenue, 12¢ was left as operating profit, 3¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Insurance | $322M | 90.8% | +2% | -10% |
| Marketplace | $32.6M | 9.2% | -18% | -6% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $354M | 100.0% |
| Operating profit | $41.4M | 11.7% |
| Income tax | $5.1M | 1.4% |
| Net earnings | $10.2M | 2.9% |
| Operating cash flow | $94.0M | 26.5% |
| Free cash flow | $86.4M | 24.4% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $354M | -10% |
| Q2 2026 | $355M | -6% |
| Q1 2026 | $312M | -5% |
| Q4 2025 | $357M | +7% |
| Q3 2025 | $391M | +21% |
| Q2 2025 | $379M | +21% |
| Q1 2025 | $328M | +21% |
From Hagerty's 10-Q filed Nov 3, 2026 (on EDGAR).
Questions
How does Hagerty make money?
Hagerty (HGTY) made $354M of revenue in the third quarter 2026 (Q3 2026), -9% from a year earlier. Insurance brought in $322M (91%); Marketplace brought in $32.6M (9%). Of every dollar of revenue, 12¢ was left as operating profit, 3¢ was left as net earnings.
What is Hagerty's biggest business?
Insurance: $322M in the third quarter 2026, 91% of revenue, -10% from a year earlier.
What is Hagerty's profit margin?
Net earnings were $10.2M, 2.9% of revenue, in the third quarter 2026; the operating margin was 11.7%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.