Filing Flows › Heritage Insurance Holdings (HRTG) › Q3 2025
Heritage Insurance Holdings (HRTG) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 7, 2025
Heritage Insurance Holdings (HRTG) reported revenue of $212M for the third quarter 2025 (Q3 2025), +0.3% from a year earlier and +2% from the quarter before. Operating margin was 33.0%, net earnings $50.4M (23.7% of revenue).
Heritage Insurance Holdings, Q3 2025: revenue $212M (+0.3% year over year), operating margin 33.0%, net earnings $50.4M, operating cash flow $124M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $212M | +2% | +0.3% |
| Operating profit | $70.2M | +8% | +497% |
| Net earnings | $50.4M | +5% | +519% |
| Operating cash flow | $124M | +187% | — |
| Free cash flow | $123M | +194% | — |
What changed
Revenue was $212.5M in Q3 2025, roughly flat year over year and up 2% from the previous quarter.
Operating profit was $70.2M, a 33.0% margin (up 27.5 points year over year). Of the extra revenue versus a year earlier, 9577% reached operating profit, above the 6% margin then. Total costs fell 29% while revenue was flat. Net earnings were $50.4M, up 519% year over year. The effective tax rate was 26.2%.
Operating cash flow was $124.3M, 247% of net earnings. Non-cash charges added back $3.3M of depreciation and amortization and $1.2M of share-based compensation. Working capital and other items added $69.3M. Capital expenditures of $1.6M left free cash flow of $122.7M.
Questions
What was Heritage Insurance Holdings' revenue in the third quarter 2025?
Heritage Insurance Holdings (HRTG) reported revenue of $212M for the third quarter 2025 (Q3 2025), +0.3% from a year earlier and +2% from the quarter before.
Was Heritage Insurance Holdings profitable in the third quarter 2025?
Operating profit was $70.2M (33.0% of revenue) and net earnings $50.4M.