Filing Flows › Heritage Insurance Holdings (HRTG) › Q1 2025
Heritage Insurance Holdings (HRTG) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 9, 2025
Heritage Insurance Holdings (HRTG) reported revenue of $212M for the first quarter 2025 (Q1 2025), +11% from a year earlier and +0.6% from the quarter before. Operating margin was 20.1%, net earnings $30.5M (14.4% of revenue).
Heritage Insurance Holdings, Q1 2025: revenue $212M (+11% year over year), operating margin 20.1%, net earnings $30.5M, operating cash flow $837K. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $212M | +0.6% | +11% |
| Operating profit | $42.4M | +35% | +87% |
| Net earnings | $30.5M | +50% | +114% |
| Operating cash flow | $837K | — | -81% |
What changed
Revenue was $211.5M in Q1 2025, up 11% year over year and up 1% from the previous quarter.
Operating profit was $42.4M, a 20.1% margin (up 8.2 points year over year). Of the extra revenue versus a year earlier, 98% reached operating profit, above the 12% margin then. Total costs grew 0% against revenue growth of 11%. The fastest-growing cost line was SG&A (+22%). Net earnings were $30.5M, up 114% year over year. The effective tax rate was 23.8%.
Operating cash flow was $837K (down 81% year over year), 3% of net earnings. Non-cash charges added back $2.9M of depreciation and amortization and $1.3M of share-based compensation. Working capital and other items used $33.8M. Capital expenditures of $2.1M exceeded it, leaving free cash flow of −$1.3M.
Questions
What was Heritage Insurance Holdings' revenue in the first quarter 2025?
Heritage Insurance Holdings (HRTG) reported revenue of $212M for the first quarter 2025 (Q1 2025), +11% from a year earlier and +0.6% from the quarter before.
Was Heritage Insurance Holdings profitable in the first quarter 2025?
Operating profit was $42.4M (20.1% of revenue) and net earnings $30.5M.