Hagerty (HGTY) Research & Development (2021 - 2025)
Hagerty (HGTY) posted Research & Development of $58.5 million for Q4 2025, down 24.65% sequentially from $77.7 million in Q3 2025, and up 33.82% YoY from $43.7 million in Q4 2024.
Hagerty (HGTY) Research & Development (2021 - 2025) Analysis & Trends
Hagerty has reported Research & Development for 5 years, with the latest figure at $58.5 million in Q4 2025.
- Quarterly Research & Development rose 33.82% year-over-year to $58.5 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $258.2 million (up 35.52% YoY) and the FY2025 annual result came in at $258.2 million, up 35.52% from the prior year.
- Research & Development slipped to $58.5 million in Q4 2025 per HGTY's latest filing, from $77.7 million in the prior quarter.
- Over five years, Research & Development peaked at $77.7 million in Q3 2025 and troughed at $20.4 million in Q1 2021.
- A 5-year average of $42.7 million and a median of $40.8 million in 2023 frame the typical range for Research & Development.
- The sharpest annual moves came in 2023 and 2025: Research & Development increased 2.58% in 2023, then jumped 40.4% in 2025.
- Over 5 years, Research & Development stood at $26.7 million in 2021, then grew by 15.44% to $30.8 million in 2022, then climbed by 2.58% to $31.6 million in 2023, then surged by 38.45% to $43.7 million in 2024, then soared by 33.82% to $58.5 million in 2025.
- According to Business Quant data, Research & Development over the past three periods registered $58.5 million, $77.7 million, and $67.4 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Chubb | 135.02 Bn | 121.25 Bn | 9.13 Bn | - |
| 2 | Progressive | 124.82 Bn | 119.81 Bn | 9.04 Bn | - |
| 3 | Travelers Companies | 79.48 Bn | 55.73 Bn | 4.83 Bn | - |
| 4 | Allstate | 68.26 Bn | 29.53 Bn | 16.28 Bn | - |
| 5 | Fairfax Financial Holdings | 35.39 Bn | 35.39 Bn | - | - |
| 6 | Cincinnati Financial | 26.77 Bn | 24.88 Bn | 2.39 Bn | - |
| 7 | Loews | 23.31 Bn | 1.01 Bn | 2.57 Bn | - |
| 8 | Markel | 23.23 Bn | 6.35 Bn | 2.83 Bn | - |
| 9 | Assurant | 14.12 Bn | 12.08 Bn | 2.71 Bn | - |
| 10 | Hagerty | 1.32 Bn | 1.03 Bn | 244.11 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 58.52 Mn |
| Sep 30, 2025 | 77.67 Mn |
| Jun 30, 2025 | 67.38 Mn |
| Mar 31, 2025 | 54.63 Mn |
| Dec 31, 2024 | 43.73 Mn |
| Sep 30, 2024 | 59.14 Mn |
| Jun 30, 2024 | 47.99 Mn |
| Mar 31, 2024 | 39.66 Mn |
| Dec 31, 2023 | 31.59 Mn |
| Sep 30, 2023 | 47.74 Mn |
| Jun 30, 2023 | 41.94 Mn |
| Mar 31, 2023 | 35.11 Mn |
| Dec 31, 2022 | 30.79 Mn |
| Sep 30, 2022 | 44.10 Mn |
| Jun 30, 2022 | 37.46 Mn |
| Mar 31, 2022 | 28.44 Mn |
| Dec 31, 2021 | 26.67 Mn |
| Sep 30, 2021 | 32.10 Mn |
| Jun 30, 2021 | 28.36 Mn |
| Mar 31, 2021 | 20.35 Mn |