earnings
confidence high
sentiment positive
materiality 0.70
Hagerty FY2024 revenue +20% to $1.2B; net income +178%; 2025 outlook for 12-13% revenue growth
Hagerty, Inc.
- FY2024 total revenue $1.200B (+20% YoY); net income $78.3M (+178%); adjusted EBITDA $124.5M (+41%).
- Record 279,000 new members added; total insured vehicles 2.6M (+8%); retention rate 89.0%.
- Marketplace revenue +90% to $54.3M; partnership with BMW for Villa d'Este auction (May 2025).
- 2025 outlook: revenue growth 12-13%, net income growth 30-40%, adjusted EBITDA growth 21-29%.
- Q4 2024 revenue $291.7M (+19%); Q4 net income $8.4M; diluted EPS $0.01; adjusted EPS $0.02.