NASDAQ : GSHD
Goosehead Insurance, Inc. — Financial statements
Financials · Insurance Brokers · United States
Last price 47.57 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 1.69B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Goosehead Insurance, Inc. (GSHD) reported revenue of 401.64M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 401.64M | 364.63M | 313.57M | 259.83M | 207.99M | 150.16M |
| Cost of Revenue | 202.50M | 196.36M | 172.94M | 152.60M | 133.29M | 94.98M |
| Gross Profit | 199.15M | 168.27M | 140.63M | 107.23M | 74.69M | 55.18M |
| Selling, General & Admin | 91.56M | 76.69M | 66.72M | 58.48M | 52.89M | 39.79M |
| Operating Expenses | 105.90M | 89.80M | 80.08M | 72.09M | 65.97M | 47.66M |
| Operating Income | 93.25M | 78.47M | 60.55M | 35.14M | 8.72M | 7.52M |
| Interest Expense | -22.85M | -23.79M | -7.34M | -6.57M | -5.00M | -2.85M |
| Interest & Investment Income | 2.21M | 3.57M | 2.53M | 1.44M | 1.40M | 1.15M |
| Other Non Operating Income (Expenses) | -1.93M | -1.90M | -8.70M | 185.00K | ||
| EBT Excluding Unusual Items | 70.68M | 56.35M | 47.05M | 30.02M | 5.13M | 6.00M |
| Asset Writedown | -4.69M | -347.00K | -3.63M | |||
| Other Unusual Items | -33.00K | -804.00K | ||||
| Pretax Income | 70.64M | 50.85M | 46.70M | 26.39M | 5.13M | 6.00M |
| Income Tax Expense | 12.06M | 6.40M | -2.41M | 2.69M | 2.50M | -2.29M |
| Earnings From Continuing Operations | 58.58M | 44.45M | 49.11M | 23.70M | 2.63M | 8.30M |
| Minority Interest in Earnings | -23.29M | -16.62M | -18.69M | -9.56M | -2.06M | -2.89M |
| Net Income | 35.29M | 27.83M | 30.43M | 14.14M | 565.00K | 5.40M |
| Net Income to Common | 35.29M | 27.83M | 30.43M | 14.14M | 565.00K | 5.40M |
| Shares Outstanding (Basic) | 24.47M | 24.98M | 24.66M | 23.93M | 21.00M | 19.18M |
| Shares Outstanding (Diluted) | 36.92M | 38.10M | 38.30M | 38.36M | 21.77M | 20.81M |
| EPS (Basic) | 1.44 | 1.11 | 1.23 | 0.59 | 0.03 | 0.28 |
| EPS (Diluted) | 1.37 | 1.04 | 1.16 | 0.55 | 0.03 | 0.26 |
| Free Cash Flow | 75.04M | 81.13M | 70.56M | 39.49M | 25.90M | 22.71M |
| Free Cash Flow Per Share | 2.03 | 2.13 | 1.84 | 1.03 | 1.19 | 1.09 |
| Gross Margin | 49.58% | 46.15% | 44.85% | 41.27% | 35.91% | 36.75% |
| Operating Margin | 23.22% | 21.52% | 19.31% | 13.52% | 4.20% | 5.01% |
| Profit Margin | 8.79% | 7.63% | 9.70% | 5.44% | 0.27% | 3.60% |
| Free Cash Flow Margin | 18.68% | 22.25% | 22.50% | 15.20% | 12.45% | 15.12% |
| EBITDA | 105.69M | 89.74M | 71.09M | 44.38M | 15.83M | 12.64M |
| EBITDA Margin | 26.31% | 24.61% | 22.67% | 17.08% | 7.61% | 8.42% |
| D&A For EBITDA | 12.45M | 11.27M | 10.54M | 9.24M | 7.11M | 5.12M |
| EBIT | 93.25M | 78.47M | 60.55M | 35.14M | 8.72M | 7.52M |
| EBIT Margin | 23.22% | 21.52% | 19.31% | 13.52% | 4.20% | 5.01% |
| Effective Tax Rate | 17.08% | 12.58% | 10.20% | 48.72% | ||
| Revenue as Reported | 402.16M | 365.30M | 314.50M | 261.28M | 209.39M | 151.31M |
| Advertising Expenses | 1.30M | 1.00M | 900.00K | 1.00M | 1.30M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 23.66M | 34.39M | 54.28M | 41.96M | 28.74M | 28.53M |
| Cash & Short-Term Investments | 23.66M | 34.39M | 54.28M | 41.96M | 28.74M | 28.53M |
| Accounts Receivable | 43.26M | 47.75M | 42.45M | 22.62M | 19.37M | 15.04M |
| Receivables | 43.26M | 47.75M | 42.45M | 22.62M | 19.37M | 15.04M |
| Prepaid Expenses | 14.62M | 7.55M | 8.14M | 7.89M | 4.33M | 4.79M |
| Restricted Cash | 3.83M | 3.55M | 3.69M | 2.09M | 1.64M | 1.95M |
| Total Current Assets | 85.36M | 93.24M | 108.56M | 74.56M | 54.09M | 50.31M |
| Property, Plant & Equipment | 53.03M | 55.64M | 61.52M | 68.72M | 79.43M | 57.59M |
| Other Intangible Assets | 48.36M | 39.70M | 25.07M | 17.27M | 4.49M | 2.80M |
| Long-Term Accounts Receivable | 1.65M | 2.94M | 3.47M | 9.27M | 23.84M | 29.18M |
| Long-Term Deferred Tax Assets | 209.79M | 216.37M | 193.48M | 181.21M | 155.32M | 125.68M |
| Long-Term Deferred Charges | 1.47M | 1.80M | 1.97M | 2.31M | 3.25M | 1.97M |
| Other Long-Term Assets | 7.17M | 5.18M | 3.58M | 1.56M | 938.00K | 2.77M |
| Total Assets | 406.84M | 414.86M | 397.65M | 354.89M | 321.35M | 270.29M |
| Accounts Payable | 30.11M | 33.63M | 22.89M | 16.40M | 15.96M | 12.99M |
| Accrued Expenses | 3.83M | 3.55M | 3.69M | 2.09M | 1.64M | 1.95M |
| Current Portion of Long-Term Debt | 2.99M | 2.99M | 10.06M | 9.38M | 6.88M | 4.38M |
| Current Portion of Leases | 9.30M | 8.67M | 6.54M | 8.90M | 6.63M | 4.89M |
| Current Unearned Revenue | 2.79M | 3.24M | 3.27M | 4.13M | 6.03M | 6.05M |
| Other Current Liabilities | 6.24M | 6.24M | ||||
| Total Current Liabilities | 55.27M | 58.31M | 46.46M | 40.89M | 37.13M | 30.27M |
| Long-Term Debt | 314.38M | 289.46M | 82.25M | 67.56M | 86.71M | 118.36M |
| Long-Term Leases | 46.16M | 51.17M | 54.54M | 57.38M | 64.95M | 47.34M |
| Long-Term Unearned Revenue | 11.29M | 13.03M | 15.19M | 22.97M | 40.52M | 42.55M |
| Other Long-Term Liabilities | 168.28M | 165.69M | 160.14M | 149.30M | 125.66M | 100.96M |
| Total Liabilities | 595.37M | 577.65M | 358.58M | 338.11M | 354.98M | 339.48M |
| Common Stock | 355.00K | 366.00K | 373.00K | 380.00K | 374.00K | 370.00K |
| Additional Paid-In Capital | 5.64M | 37.49M | 58.92M | 73.41M | 70.87M | 46.28M |
| Retained Earnings | -118.40M | -133.36M | -15.40M | -45.83M | -60.57M | -60.67M |
| Total Common Equity | -112.40M | -95.50M | 43.89M | 27.97M | 10.67M | -14.02M |
| Minority Interest | -76.13M | -67.28M | -4.81M | -11.18M | -44.29M | -55.17M |
| Shareholders' Equity | -188.53M | -162.79M | 39.08M | 16.79M | -33.62M | -69.19M |
| Total Liabilities & Equity | 406.84M | 414.86M | 397.65M | 354.89M | 321.35M | 270.29M |
| Total Debt | 372.84M | 352.29M | 153.38M | 143.22M | 165.16M | 174.96M |
| Net Cash (Debt) | -349.18M | -317.90M | -99.11M | -101.26M | -136.42M | -146.44M |
| Net Cash Per Share | -9.46 | -8.34 | -2.59 | -2.64 | -6.27 | -7.04 |
| Filing Date Shares Outstanding | 23.80M | 24.65M | 24.71M | 25.09M | 23.24M | 20.22M |
| Total Common Shares Outstanding | 23.80M | 24.65M | 24.67M | 24.97M | 23.03M | 20.20M |
| Working Capital | 30.09M | 34.93M | 62.11M | 33.67M | 16.96M | 20.04M |
| Book Value Per Share | -4.72 | -3.87 | 1.78 | 1.12 | 0.46 | -0.69 |
| Tangible Book Value | -160.77M | -135.20M | 18.81M | 10.70M | 6.18M | -16.82M |
| Tangible Book Value Per Share | -6.75 | -5.48 | 0.76 | 0.43 | 0.27 | -0.83 |
| Machinery | 19.76M | 17.82M | 16.52M | 16.55M | 14.56M | 12.10M |
| Leasehold Improvements | 39.12M | 37.39M | 35.29M | 36.28M | 36.01M | 25.11M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 35.29M | 27.83M | 30.43M | 14.14M | 565.00K | 5.40M |
| Depreciation & Amortization | 12.45M | 11.27M | 10.54M | 9.24M | 7.11M | 5.12M |
| Other Amortization | 1.19M | 1.14M | 420.00K | 225.00K | ||
| Loss (Gain) From Sale of Assets | -194.00K | -189.00K | 74.00K | |||
| Asset Writedown & Restructuring Costs | 4.69M | 347.00K | 3.63M | |||
| Stock-Based Compensation | 22.09M | 23.38M | 27.97M | 23.99M | 19.64M | 7.29M |
| Provision & Write-off of Bad Debts | 1.76M | 1.84M | 2.90M | 4.36M | 6.20M | 3.00M |
| Other Operating Activities | 31.55M | 21.45M | 17.96M | 10.24M | 6.29M | 4.40M |
| Change in Accounts Receivable | -21.57M | -5.92M | -16.09M | 7.64M | -5.23M | -6.92M |
| Change in Accounts Payable | 4.28M | 6.91M | 5.06M | -109.00K | 2.51M | 4.00M |
| Change in Unearned Revenue | -3.83M | -2.20M | -8.63M | -19.45M | -2.06M | 14.41M |
| Change in Other Net Operating Assets | 3.14M | 1.55M | 577.00K | -3.07M | 999.00K | -1.26M |
| Operating Cash Flow | 86.15M | 91.76M | 71.54M | 50.83M | 36.03M | 35.44M |
| Capital Expenditures | -11.12M | -10.62M | -979.00K | -11.35M | -10.13M | -12.74M |
| Sale (Purchase) of Intangibles | -18.90M | -13.10M | -11.21M | -7.71M | -2.48M | -2.67M |
| Other Investing Activities | 198.00K | 178.00K | -231.00K | -130.00K | 43.00K | 32.00K |
| Investing Cash Flow | -29.41M | -23.54M | -12.42M | -19.18M | -12.57M | -15.38M |
| Long-Term Debt Issued | 306.37M | 25.00M | 25.00M | 44.62M | ||
| Long-Term Debt Repaid | -101.70M | -9.42M | -16.88M | -54.38M | -4.37M | |
| Total Debt Repaid | -9.37M | -101.70M | -9.42M | -16.88M | -54.38M | -4.37M |
| Net Debt Issued (Repaid) | 23.76M | 204.67M | 15.58M | -16.88M | -29.38M | 40.25M |
| Issuance of Common Stock | 2.09M | 13.97M | 12.23M | 9.90M | 6.13M | 4.59M |
| Repurchase of Common Stock | -134.94M | -81.72M | -63.18M | |||
| Common Dividends Paid | -6.37M | |||||
| Other Financing Activities | -9.41M | -79.39M | -9.83M | -11.01M | -309.00K | -29.01M |
| Financing Cash Flow | -124.88M | -88.25M | -45.20M | -17.99M | -23.55M | -15.83M |
| Net Cash Flow | -68.14M | -20.04M | 13.93M | 13.66M | -92.00K | 4.24M |
| Free Cash Flow | 75.04M | 81.13M | 70.56M | 39.49M | 25.90M | 22.71M |
| Free Cash Flow Margin | 18.68% | 22.25% | 22.50% | 15.20% | 12.45% | 15.12% |
| Free Cash Flow Per Share | 2.03 | 2.13 | 1.84 | 1.03 | 1.19 | 1.09 |
| Levered Free Cash Flow | 36.87M | 58.47M | 45.56M | 24.00M | 15.53M | 11.22M |
| Unlevered Free Cash Flow | 49.97M | 72.20M | 49.72M | 27.88M | 18.65M | 13.00M |
| Cash Interest Paid | 22.13M | 21.71M | 6.88M | 6.37M | 4.77M | 2.35M |
| Cash Income Tax Paid | 519.00K | 929.00K | 631.00K | 701.00K | 484.00K | 272.00K |
| Change in Working Capital | -17.99M | 344.00K | -19.09M | -14.99M | -3.77M | 10.23M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.69B | 1.83B | 2.62B | 1.89B | 778.94M | 2.58B |
| Enterprise Value | 2.04B | 2.07B | 2.67B | 1.96B | 871.57M | 2.67B |
| Last Close Price | 47.60 | 73.65 | 101.48 | 71.74 | 32.50 | 123.11 |
| PE Ratio | 34.71 | 65.92 | 85.96 | 133.35 | 1,378.65 | 476.65 |
| Forward PE | 22.06 | 37.78 | 54.25 | 47.74 | 48.19 | 172.02 |
| PS Ratio | 4.21 | 5.03 | 8.34 | 7.26 | 3.75 | 17.15 |
| PB Ratio | -11.27 | 66.93 | 112.33 | -23.17 | -37.22 | |
| P/TBV Ratio | 139.01 | 176.22 | 125.98 | |||
| P/FCF Ratio | 22.53 | 22.61 | 37.06 | 47.75 | 30.07 | 113.42 |
| P/OCF Ratio | 19.62 | 19.99 | 36.56 | 37.09 | 21.62 | 72.66 |
| PEG Ratio | 1.21 | 6.63 | 1.76 | 1.55 | 2.47 | 5.04 |
| EV/Sales Ratio | 5.08 | 5.67 | 8.50 | 7.53 | 4.19 | 17.77 |
| EV/EBITDA Ratio | 19.30 | 23.04 | 37.50 | 44.09 | 55.04 | 211.12 |
| EV/EBIT Ratio | 21.88 | 26.35 | 44.03 | 55.68 | 99.89 | 354.78 |
| EV/FCF Ratio | 27.19 | 25.49 | 37.78 | 49.55 | 33.65 | 117.50 |
| Debt / Equity Ratio | -1.98 | -2.16 | 3.92 | 8.53 | -4.91 | -2.53 |
| Debt / EBITDA Ratio | 3.28 | 3.65 | 1.95 | 2.75 | 7.23 | 10.04 |
| Debt / FCF Ratio | 4.97 | 4.34 | 2.17 | 3.63 | 6.38 | 7.71 |
| Net Debt / Equity Ratio | -1.85 | -1.95 | 2.54 | 6.03 | -4.06 | -2.12 |
| Net Debt / EBITDA Ratio | 3.30 | 3.54 | 1.39 | 2.28 | 8.62 | 11.59 |
| Net Debt / FCF Ratio | 4.65 | 3.92 | 1.40 | 2.56 | 5.27 | 6.45 |
| Asset Turnover | 0.95 | 0.90 | 0.83 | 0.77 | 0.70 | 0.66 |
| Quick Ratio | 1.21 | 1.41 | 2.08 | 1.58 | 1.30 | 1.44 |
| Current Ratio | 1.54 | 1.60 | 2.34 | 1.82 | 1.46 | 1.66 |
| Return on Equity (ROE) | 175.84% | |||||
| Return on Assets (ROA) | 13.82% | 12.07% | 10.06% | 6.50% | 1.84% | 2.06% |
| Return on Invested Capital (ROIC) | 22.45% | 27.73% | 47.27% | 15.69% | 1.71% | 3.71% |
| Return on Capital Employed (ROCE) | 26.50% | 22.00% | 17.20% | 11.20% | 3.10% | 3.10% |
| Earnings Yield | 2.88% | 1.52% | 1.16% | 0.75% | 0.07% | 0.21% |
| FCF Yield | 4.44% | 4.42% | 2.70% | 2.09% | 3.33% | 0.88% |
| Buyback Yield / Dilution | 3.74% | 0.52% | 0.14% | -76.16% | -4.61% | -13.22% |