Filing Flows › Heritage Insurance Holdings (HRTG) › Q2 2025
Heritage Insurance Holdings (HRTG) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 8, 2025
Heritage Insurance Holdings (HRTG) reported revenue of $208M for the second quarter 2025 (Q2 2025), +2% from a year earlier and -2% from the quarter before. Operating margin was 31.2%, net earnings $48.0M (23.1% of revenue).
Heritage Insurance Holdings, Q2 2025: revenue $208M (+2% year over year), operating margin 31.2%, net earnings $48.0M, operating cash flow $43.3M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $208M | -2% | +2% |
| Operating profit | $64.9M | +53% | +135% |
| Net earnings | $48.0M | +58% | +155% |
| Operating cash flow | $43.3M | 52× | -72% |
| Free cash flow | $41.8M | — | -72% |
What changed
Revenue was $208.0M in Q2 2025, up 2% year over year and down 2% from the previous quarter.
Operating profit was $64.9M, a 31.2% margin (up 17.6 points year over year). Of the extra revenue versus a year earlier, 834% reached operating profit, above the 14% margin then. Total costs fell 19% while revenue rose 2%. Net earnings were $48.0M, up 155% year over year. The effective tax rate was 23.8%.
Operating cash flow was $43.3M (down 72% year over year), 90% of net earnings. Non-cash charges added back $3.0M of depreciation and amortization and $1.6M of share-based compensation. Working capital and other items used $9.4M. Capital expenditures of $1.5M left free cash flow of $41.8M.
Questions
What was Heritage Insurance Holdings' revenue in the second quarter 2025?
Heritage Insurance Holdings (HRTG) reported revenue of $208M for the second quarter 2025 (Q2 2025), +2% from a year earlier and -2% from the quarter before.
Was Heritage Insurance Holdings profitable in the second quarter 2025?
Operating profit was $64.9M (31.2% of revenue) and net earnings $48.0M.