Hagerty

Q2 FY2026 EarningsQ2 FY2026 results showed significant top-line pressure due to accounting transitions, with revenue of $314.17M largely in line with consensus. Despite a reported GAAP net loss of -$20.32M (vs. -$20.32M expected), underlying performance was robust with Written Premiums up 19% and Adjusted EBITDA growing 32% to $160M. The transition to 100% premium assumption under the Markel arrangement caused temporary GAAP optics issues, but management raised full-year guidance, signaling strong momentum in the flywheel business model.