HCI Group (HCI) Q3 FY2026 earnings: revenue $245 million, up 13.2% on the year

HCI Group, Inc. (HCI) reported revenue of $245 million for Q3 FY2026, the quarter ended 30 September 2026, up 13.2% on the same quarter a year earlier. Net income was $83 million, up 27.5% on the year, and diluted earnings per share $6.45. The figures are the company's own, from the 10-Q it filed with the SEC on 5 November 2026.

Revenue

$245 million

+13.2% on the year · -0.7% on the quarter

Q4 FY2024Q3 FY2026

Operating margin

47.5%

41.9% a year earlier

Q4 FY2024Q3 FY2026

Net income

$83 million

+27.5% on the year · +13.1% on the quarter

Q4 FY2024Q3 FY2026

Diluted EPS

$6.45

+31.6% on the year · +15.2% on the quarter

Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Pre-tax and net income rose: Pre-tax income was $116 million against $91 million, and net income was $86 million against $68 million. Management attributed the higher profit to operating leverage with modest premium growth.
Diluted EPS rose to $6.45: Diluted EPS was $6.45 against $4.90. Net income after noncontrolling interests was $83 million against $66 million.
Gross loss ratio at 20.7%: The gross loss and loss adjustment expense ratio was 20.7%, against 22.0% a year earlier.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Revenue	245	247	216	-0.7%	+13.2%
Operating income	116	111	90.6	+4.8%	+28.4%
Operating margin	47.5%	45.0%	41.9%
Interest expense	1.5	1.1	1.0	+34.7%	+43.3%
Pre-tax income	116	111	90.6	+4.8%	+28.4%
Income tax	30.1	28.1	22.7	+7.1%	+32.4%
Effective tax rate	25.9%	25.3%	25.1%
Net income	83.5	73.8	65.5	+13.1%	+27.5%
Net margin	34.1%	29.9%	30.3%
Diluted EPS	$6.45	$5.60	$4.90	+15.2%	+31.6%

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Operating cash flow	74.9	125	26.7	-40.2%	+180.7%
Capital expenditure	0.4	0.3	0.8	+41.4%	-48.4%
Free cash flow	74.5	125	25.9	-40.4%	+187.7%
Free cash flow margin	30.4%	50.6%	12.0%
Cash from investing	-191	-175	2.8
Cash from financing	-12.1	-90.9	11.4
Depreciation and amortisation	1.1	1.3	0.6	-18.1%	+89.0%
Share-based compensation	3.3	3.3	2.7	-0.8%	+22.9%
Buybacks	5.5	57.0	0.0	-90.3%	+14,856.8%
Dividends paid	5.0	5.1	5.2	-2.1%	-4.1%
Dividend per share	$0.40	n/a	$0.40		-0.0%
Diluted shares, weighted	13m	13m	13m	-0.8%	-2.6%
Shares outstanding at period end	12m	12m	13m	-0.3%	-4.0%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Shareholders' equity	1,121	1,080	822	+3.8%	+36.4%
Non-controlling interest	96.3	93.2	30.6	+3.3%	+215.2%
Redeemable equity	8.4	5.9	3.2	+41.0%	+159.4%
Debt	31.8	32.0	32.7	-0.7%	-2.7%
Other liabilities	1,456	1,437	1,459	+1.3%	-0.2%
Total liabilities and equity	2,714	2,648	2,347	+2.5%	+15.6%
Fixed assets	26.9	27.5	29.4	-2.3%	-8.6%
Intangible assets	1.9	1.9	3.3	-3.1%	-43.3%
Securities held for sale or to maturity	1,241	1,091	562	+13.8%	+120.9%
Cash and equivalents	744	872	988	-14.8%	-24.7%
Other assets	700	656	764	+6.8%	-8.4%
Total assets	2,714	2,648	2,347	+2.5%	+15.6%

Questions

What was HCI Group's revenue in Q3 FY2026?

HCI Group (HCI) reported revenue of $245 million for Q3 FY2026, the quarter ended 30 September 2026, up 13.2% on the same quarter a year earlier.

How much did HCI Group earn in Q3 FY2026?

Net income for Q3 FY2026 was $83 million, up 27.5% on the year, and diluted earnings per share $6.45.

When did HCI Group report Q3 FY2026 results?

HCI Group filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 5 November 2026.

Quarterly results, the last 20 quarters

	Q4 FY2021	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	112	127	126	127	120	129	127	132	163	207	206	175	162	216	222	216	246	243	247	245
Operating income	2.5	4.0	-11.6	-63.6	2.7	23.1	20.3	20.1	54.2	77.4	76.0	14.1	5.9	100	94.4	90.6	144	115	111	116
Operating margin	2%	3%	-9%	-50%	2%	18%	16%	15%	33%	37%	37%	8%	4%	46%	43%	42%	58%	48%	45%	47%
Interest expense	0.7	0.6	1.5	2.8	2.8	2.8	2.7	2.8	2.8	3.1	3.5	3.4	3.3	3.4	3.7	1.0	1.0	0.9	1.1	1.5
Pre-tax income	2.5	4.0	-11.6	-63.6	2.7	23.1	20.3	20.1	54.2	77.4	76.0	14.1	5.9	100	94.4	90.6	144	115	111	116
Tax rate	43%	30%	n/a	n/a	3%	23%	27%	22%	24%	26%	25%	33%	30%	26%	26%	25%	25%	26%	25%	26%
Net income	1.4	0.9	-10.0	-51.0	2.7	15.3	12.4	13.2	40.9	47.6	54.1	5.7	4.1	69.7	66.2	65.5	97.7	73.4	73.8	83.5
Net margin	1%	1%	-8%	-40%	2%	12%	10%	10%	25%	23%	26%	3%	3%	32%	30%	30%	40%	30%	30%	34%
Diluted EPS	$0.01	$0.09	-$1.04	-$5.66	$0.18	$1.54	$1.28	$1.34	$3.40	$3.81	$4.24	$0.52	$0.23	$5.35	$5.18	$4.90	$7.25	$5.45	$5.60	$6.45
Operating cash flow	47.8	57.3	-35.7	-39.9	18.2	99.1	-93.2	71.4	153	182	-29.0	104	74.7	162	145	26.7	111	149	125	74.9
Capital expenditure	0.7	1.9	2.4	1.2	0.9	1.5	1.3	2.4	1.3	0.9	1.1	1.0	1.1	1.7	0.5	0.8	0.6	0.3	0.3	0.4
Free cash flow	47.1	55.5	-38.1	-41.1	17.3	97.6	-94.5	69.0	152	181	-30.1	103	73.6	160	144	25.9	110	148	125	74.5
Buybacks	0.0	0.4	67.7	0.0	3.1	0.3	0.5	0.0	0.0	0.6	0.5	0.0	0.0	0.6	0.0	0.0	0.8	17.5	57.0	5.5
Dividends paid	4.1	4.1	4.0	3.6	3.5	3.4	3.4	3.4	3.4	4.0	4.2	4.2	4.2	4.3	4.6	5.2	5.2	5.2	5.1	5.0
Shares outstanding	10m	10m	9m	9m	9m	9m	9m	9m	10m	10m	10m	10m	11m	11m	13m	13m	13m	13m	12m	12m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless. EPS is as filed for each quarter. A split or a bonus issue changes the share count, so quarters before it are on the old count.

10-Q for the period ended 30 September 2026, filed 5 November 2026: the filing.