Filing Flows › Heritage Insurance Holdings (HRTG) › Q4 2025
Heritage Insurance Holdings (HRTG) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 12, 2026
Heritage Insurance Holdings (HRTG) reported revenue of $215M for the fourth quarter 2025 (Q4 2025), +2% from a year earlier and +1% from the quarter before. Operating margin was 41.6%, net earnings $66.7M (31.0% of revenue).
Heritage Insurance Holdings, Q4 2025: revenue $215M (+2% year over year), operating margin 41.6%, net earnings $66.7M, operating cash flow $13.8M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $215M | +1% | +2% |
| Operating profit | $89.7M | +28% | +185% |
| Net earnings | $66.7M | +32% | +229% |
| Operating cash flow | $13.8M | -89% | — |
| Free cash flow | $10.9M | -91% | — |
What changed
Revenue was $215.3M in Q4 2025, up 2% year over year and up 1% from the previous quarter.
Operating profit was $89.7M, a 41.6% margin (up 26.7 points year over year). Of the extra revenue versus a year earlier, 1151% reached operating profit, above the 15% margin then. Total costs fell 30% while revenue rose 2%. Net earnings were $66.7M, up 229% year over year. The effective tax rate was 24.2%.
Operating cash flow was $13.8M, 21% of net earnings. Non-cash charges added back $3.5M of depreciation and amortization and $1.2M of share-based compensation. Working capital and other items used $57.6M. Capital expenditures of $2.9M left free cash flow of $10.9M.
Questions
What was Heritage Insurance Holdings' revenue in the fourth quarter 2025?
Heritage Insurance Holdings (HRTG) reported revenue of $215M for the fourth quarter 2025 (Q4 2025), +2% from a year earlier and +1% from the quarter before.
Was Heritage Insurance Holdings profitable in the fourth quarter 2025?
Operating profit was $89.7M (41.6% of revenue) and net earnings $66.7M.