Heritage Insurance Holdings, Inc. (HRTG) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	788.5M	847.3M	817.0M	735.5M	662.5M
Cost of Revenue	282.5M	313.2M	638.2M	593.7M	657.5M
Gross Profit	506.0M	534.1M	178.7M	141.8M	5.0M
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	142.2M	93.0M	85.1M	77.8M	70.4M
General & Admin Expense	51.6M	93.0M	85.1M	77.8M	70.4M
Selling & Marketing Expense	90.6M	—	—	—	—
Other Expenses	75.4M	181.8M	10.9M	12.0M	100.8M
Total Operating Expenses	217.6M	274.8M	96.1M	89.8M	171.2M
Cost and Expenses	500.1M	588.1M	734.3M	683.5M	828.6M
Operating Income (EBIT)	288.4M	259.3M	82.7M	52.0M	(166.2M)
Non-Operating
Interest Income	—	—	—	—	—
Interest Expense	6.7M	7.9M	10.9M	11.2M	8.8M
Net Interest Income	(6.7M)	(7.9M)	(10.9M)	(11.2M)	(8.8M)
Other Non-Op Income/Expense	(1.5M)	—	—	—	—
Non-Operating Income (excl Interest)	(6.7M)	(7.9M)	(10.9M)	(11.2M)	(8.8M)
EBT (Pre-Tax Income)	286.9M	259.3M	82.7M	52.0M	(166.2M)
Income Tax Expense	70.9M	63.7M	21.1M	6.7M	(11.8M)
Bottom Line
Net Income	216.0M	195.6M	61.5M	45.3M	(154.4M)
Earnings from Cont. Ops	216.0M	195.6M	61.5M	45.3M	(154.4M)
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	216.0M	195.6M	61.5M	45.3M	(154.4M)
Per Share
Basic EPS	$7.13	$6.33	$2.01	$1.73	($5.86)
Diluted EPS	$7.11	$6.32	$2.01	$1.73	($5.86)
Revenue Per Share	$26.52	$27.43	$26.70	$28.08	$25.15
Shares
Basic Shares Outstanding	29.7M	30.9M	30.6M	26.2M	26.3M
Diluted Shares Outstanding	29.8M	30.9M	30.7M	26.3M	26.3M
Profitability Metrics
EBITDA	303.2M	279.9M	103.2M	71.9M	(149.0M)
D&A	9.6M	12.7M	9.6M	8.7M	8.4M
EBIT	293.6M	267.2M	93.6M	63.2M	(157.4M)

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Sep 1, 2026