Heritage Insurance Holdings (HRTG) Financial Statements & Analysis

Heritage Insurance Holdings (HRTG) Income Statement

Heritage Insurance Holdings reported revenue of $847.33M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 10.5% from $766.68M a year earlier. Net income was $195.59M, up 217.8% year over year, a net margin of 23.1%. Gross margin was 63.0% and operating margin 31.5%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $214.19M, up 3.0% from the same quarter a year earlier.

Heritage Insurance Holdings Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Heritage Insurance Holdings, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	847.33	766.68	735.50	662.46	631.56	593.39	511.31	480.17	406.62
Cost of Revenue	313.25	638.24	593.74	657.47	573.34	501.66	381.19	322.09	285.37
Gross Profit	534.08	178.75	141.76	4.99	58.22	91.72	130.11	158.08	121.25
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	92.97	72.64	77.78	70.40	65.79	81.54	80.54	88.54	71.71
Operating Expenses	274.82	96.07	89.75	171.16	134.26	89.51	89.12	119.09	127.14
Operating Income	267.15	93.61	52.01	-157.36	-76.03	2.21	41.00	38.99	-5.89
Other Income/Expense
Interest Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	7.89	10.93	11.21	-8.81	7.97	-7.97	8.52	20.02	13.21
Other Income/Expense	-7.89	13.20	0.00	-8.81	14.85	0.00	0.00	0.00	0.00
Income
Income Before Tax	259.26	82.68	52.01	-166.17	-76.03	2.21	41.00	38.99	-5.89
Income Tax Expense	63.67	21.14	6.70	-11.81	-1.31	-7.11	12.36	11.84	-4.77
Net Income	195.59	61.54	45.31	-154.36	-74.73	9.33	28.64	27.16	-1.12
Net Income - Continuous Operations	195.59	61.54	45.31	-154.36	-74.73	9.33	28.64	27.16	-1.12
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	279.85	103.16	71.90	-57.04	-59.62	18.29	59.96	86.08	15.06
EBIT	267.15	93.61	63.22	-65.40	-68.06	10.19	-	-	-
Depreciation & Amortization	12.70	9.55	8.69	8.36	8.45	8.10	10.44	27.07	7.74
Earnings Per Share
Basic EPS	6.00	2.00	2.00	-6.00	-3.00	-	1.00	1.00	-
Diluted EPS	6.00	2.00	2.00	-6.00	-3.00	-	1.00	1.00	-
Basic Shares Outstanding	30.89	30.60	26.19	26.34	27.80	27.98	29.21	25.94	26.80
Diluted Shares Outstanding	30.95	30.65	26.25	26.34	27.80	27.99	29.23	26.10	26.80

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Heritage Insurance Holdings Financial Statements

What was Heritage Insurance Holdings's revenue in fiscal 2025?

Heritage Insurance Holdings reported revenue of $847.33M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 10.5% from $766.68M a year earlier.

Is Heritage Insurance Holdings profitable?

Yes. Heritage Insurance Holdings earned net income of $195.59M in fiscal 2025, a net margin of 23.1%. In fiscal 2024 it earned $61.54M.

What is Heritage Insurance Holdings's operating margin?

Heritage Insurance Holdings's operating income was $267.15M on revenue of $847.33M in fiscal 2025, an operating margin of 31.5%, compared with 12.2% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition