Hagerty
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Hagerty's past years’ income statements indicate that its last revenue has increased compared to the previous period by 22% to $1,011,756,000. The net income raised on $20,231,000 and profit margin reached 2%. Total operating expenses were $1,011,756,000.
Profit Margin
| 2018 | 301.69M | 8.47M | 2.81% |
|---|---|---|---|
| 2019 | 397.27M | 4.20M | 1.06% |
| 2020 | 499.54M | 10.16M | 2.04% |
| 2021 | 576.53M | -61.35M | -10.64% |
| 2022 | 829.48M | 4.07M | 0.49% |
| 2023 | 1.01B | 20.23M | 2% |
HGTY Income Statement (2018 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|
Revenue | ||||||
Revenue | 1.01B | 829.48M | 576.53M | 499.54M | 397.27M | 301.69M |
Cost of revenue | 437.55M | 288.61M | 171.90M | 228.53M | 178.69M | 0 |
Gross profit | 574.20M | 540.87M | 404.63M | 271.01M | 218.58M | 301.69M |
Operating exp. | ||||||
Research and development | 0 | 0 | 0 | 0 | 3.51M | 0 |
Selling and marketing | 156.37M | 140.78M | 107.48M | 86.20M | 84.18M | 70.01M |
Total operating expenses | 1.01B | 566.54M | -667.83M | 483.70M | 386.42M | 293.08M |
Operating income | 10.40M | 41.12M | -91.29M | 15.84M | 10.84M | 8.61M |
Other income (expenses), net | 34.36M | -30.02M | 36.68M | -987K | 607.95K | 30.38M |
Income before tax | 44.77M | 11.09M | -54.60M | 14.85M | 11.45M | 8.59M |
Income tax expense | 16.59M | 7.01M | 6.75M | 4.82M | 7.25M | 121.81K |
Net income | 20.23M | 4.07M | -61.35M | 10.16M | 4.20M | 8.47M |
Earnings per share | ||||||
Basic EPS | 0.38 | 0.04 | -0.75 | 0.12 | 0.05 | 0.1 |
Diluted EPS | 0.09 | 0.01 | -0.75 | 0.12 | 0.05 | 0.1 |
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