Hagerty (HGTY) reported a Q1 adjusted loss of $0.04 per diluted share, compared with adjusted earnings of $0.07 per diluted share a year earlier.

Analysts polled by FactSet expected a loss of $0.05.

Revenue for the quarter ended March 31 was $311.8 million, down from $328.3 million a year earlier.

Analysts polled by FactSet expected $283.3 million.

The company said it expects full-year 2026 net loss of $41 million to $51 million.

Analysts polled by FactSet expect $45.2 million.