What is Goosehead Insurance's operating income?

Goosehead Insurance's total operating income in 2025 was $74.45 million, based on the following breakdown: Total Gross Profit: $167.10 million Total Operating Expenses: $92.65 million

Goosehead Insurance (GSHD) Financials

$36.88 0.00 (0.00%)

Closing price 06/18/2026 04:00 PM Eastern

Extended Trading

$37.08 +0.20 (+0.53%)

As of 06/18/2026 07:54 PM Eastern

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Annual Income Statements for Goosehead Insurance

This table shows Goosehead Insurance's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	0.00	-8.90	3.57	9.29	5.40	0.57	14	30	28
Consolidated Net Income / (Loss)	8.68	-19	10	19	8.30	2.63	24	49	44
Net Income / (Loss) Continuing Operations	8.68	-19	10	19	-90	2.63	24	49	44
Total Pre-Tax Income	8.68	-18	12	18	6.00	5.13	26	47	51
Total Operating Income	7.61	-14	14	20	8.67	10	33	61	74
Total Gross Profit	43	60	77	117	53	70	104	139	167
Total Revenue	43	60	77	117	151	209	261	315	365
Operating Revenue	43	60	77	117	151	209	261	315	365
Total Cost of Revenue	0.00	0.00	0.00	0.00	98	139	157	176	198
Operating Cost of Revenue	-	-	-	-	-	133	153	173	196
Other Cost of Revenue	-	-	-	-	-	6.20	4.36	2.90	1.84
Total Operating Expenses	35	74	63	97	143	60	71	78	93
Selling, General & Admin Expense	33	71	61	92	135	53	62	67	81
Depreciation Expense	0.88	1.46	1.93	3.15	4.87	6.88	9.24	10	11
Total Other Income / (Expense), net	1.07	-4.29	-2.39	-2.22	-2.67	-5.00	-6.57	-14	-24
Interest Expense	2.47	4.27	2.39	2.31	2.85	5.00	6.57	7.34	24
Other Income / (Expense), net	3.54	-0.02	0.00	0.09	0.19	0.00	0.00	-7.10	0.19
Income Tax Expense	0.00	0.45	1.30	-1.04	-2.29	2.50	2.69	-2.41	6.40
Net Income / (Loss) Attributable to Noncontrolling Interest	8.68	-9.76	6.82	9.47	2.89	2.07	9.56	19	17
Basic Earnings per Share	$0.00	($0.66)	$0.48	$0.55	$0.28	$0.03	$0.59	$1.23	$1.11
Weighted Average Basic Shares Outstanding	0.00	13.55M	14.86M	16.79M	19.18M	21.00M	23.93M	24.66M	24.98M
Diluted Earnings per Share	$0.00	($0.66)	$0.44	$0.51	$0.26	$0.03	$0.55	$1.16	$1.04
Weighted Average Diluted Shares Outstanding	0.00	13.55M	16.10M	18.38M	20.81M	21.77M	38.36M	38.30M	38.10M
Weighted Average Basic & Diluted Shares Outstanding	-	13.55M	14.86M	16.79M	19.18M	37.51M	37.95M	37.30M	36.59M

This table shows Goosehead Insurance's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	6.93	3.62	1.81	6.20	7.56	15	2.34	5.15	7.91	12	4.89
Consolidated Net Income / (Loss)	11	5.42	1.81	11	13	24	2.65	8.28	13	21	8.05
Net Income / (Loss) Continuing Operations	11	44	1.81	11	13	67	2.65	8.28	13	21	8.05
Total Pre-Tax Income	12	5.17	-6.76	14	15	18	0.96	10	15	25	9.79
Total Operating Income	14	6.68	1.46	15	16	28	6.61	16	21	31	15
Total Gross Profit	31	23	21	35	34	48	27	43	41	56	42
Total Revenue	71	63	64	78	78	94	76	94	90	105	93
Operating Revenue	71	63	64	78	78	94	76	94	90	105	93
Total Cost of Revenue	40	40	43	43	44	46	49	51	49	49	51
Operating Cost of Revenue	39	-	42	43	43	-	48	50	49	49	51
Other Cost of Revenue	0.80	-	1.13	0.65	0.57	-	0.41	0.55	0.50	0.39	0.37
Total Operating Expenses	17	-22	20	19	18	-23	20	27	20	25	27
Selling, General & Admin Expense	15	-23	17	17	15	-24	18	25	17	22	24
Depreciation Expense	2.35	2.43	2.57	2.63	2.61	2.64	2.67	2.78	2.82	3.00	3.21
Total Other Income / (Expense), net	-1.62	-1.51	-8.21	-1.54	-1.52	-9.90	-5.66	-5.49	-6.18	-6.28	-5.21
Interest Expense	1.62	1.51	1.49	1.98	2.06	1.81	5.82	6.30	5.97	5.69	5.47
Other Income / (Expense), net	0.00	-	-6.73	0.44	0.54	-	0.17	0.82	-0.21	-0.58	0.27
Income Tax Expense	0.72	-0.25	-8.57	2.98	2.32	-5.87	-1.69	1.89	2.40	3.79	1.75
Net Income / (Loss) Attributable to Noncontrolling Interest	4.34	1.80	-0.01	4.68	5.05	8.97	0.30	3.13	4.78	8.40	3.16
Basic Earnings per Share	$0.29	$0.15	$0.07	$0.25	$0.31	$0.60	$0.09	$0.20	$0.31	$0.51	$0.20
Weighted Average Basic Shares Outstanding	24.12M	23.93M	25.09M	24.69M	24.29M	24.66M	24.79M	25.22M	25.15M	24.98M	24.27M
Diluted Earnings per Share	$0.28	$0.12	$0.05	$0.24	$0.29	$0.58	$0.09	$0.18	$0.29	$0.48	$0.19
Weighted Average Diluted Shares Outstanding	24.89M	38.36M	38.84M	38.03M	37.94M	38.30M	25.94M	38.55M	38.01M	38.10M	36.64M
Weighted Average Basic & Diluted Shares Outstanding	37.87M	37.95M	37.99M	36.96M	37.11M	37.30M	37.53M	37.56M	36.84M	36.59M	35.61M
Cash Dividends to Common per Share	-	-	-	-	-	-	-	-	-	-	$0.00

This table details how cash moves in and out of Goosehead Insurance's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	1.17	14	-3.75	11	4.24	-0.09	14	14	-20
Net Cash From Operating Activities	14	10	21	25	35	36	51	72	92
Net Cash From Continuing Operating Activities	14	10	21	25	35	36	51	72	92
Net Income / (Loss) Continuing Operations	8.68	-19	10	19	8.30	2.63	24	49	44
Consolidated Net Income / (Loss)	8.68	-19	10	19	8.30	2.63	24	49	44
Depreciation Expense	0.88	2.52	2.15	3.57	5.12	7.11	9.24	11	11
Amortization Expense	-	-	-	-	-	-	0.23	0.42	1.14
Non-Cash Adjustments To Reconcile Net Income	-0.48	27	18	49	12	45	43	9.58	21
Changes in Operating Assets and Liabilities, net	4.46	-0.63	-9.35	-46	10	-19	-25	1.89	14
Net Cash From Investing Activities	-6.14	-2.22	-4.08	-10	-15	-13	-19	-12	-24
Net Cash From Continuing Investing Activities	-6.14	-2.22	-4.08	-10	-15	-13	-19	-12	-24
Purchase of Property, Plant & Equipment	-6.45	-2.24	-4.10	-10	-15	-13	-12	-12	-19
Acquisitions	-	-	-	-	0.00	0.00	-6.90	0.00	-4.92
Sale of Property, Plant & Equipment	0.30	0.02	0.02	0.04	0.03	0.04	0.00	0.09	0.30
Other Investing Activities, net	0.02	-	-	-	0.00	0.00	-0.13	-0.33	-0.16
Net Cash From Financing Activities	-6.24	5.59	-21	-3.33	-16	-24	-18	-45	-88
Net Cash From Continuing Financing Activities	-6.24	5.59	-21	-3.33	-16	-24	-18	-45	-88
Repayment of Debt	-0.72	-51	-2.50	-28	-5.04	-54	-17	-10	-110
Repurchase of Common Equity	-	-	-	-	-	0.00	0.00	-63	-82
Payment of Dividends	-26	-80	-19	-45	-60	0.00	-11	-4.83	-210
Issuance of Debt	20	50	0.00	65	45	25	0.00	25	306
Issuance of Common Equity	0.00	87	0.33	5.04	4.59	6.13	9.90	12	14
Other Financing Activities, net	-	-	-	-	-	-0.31	-0.08	-4.38	-7.22
Cash Interest Paid	2.00	3.21	2.17	1.89	2.35	4.77	6.37	6.88	22
Cash Income Taxes Paid	0.00	0.30	1.18	0.27	0.27	0.48	0.70	0.63	0.93

This table details how cash moves in and out of Goosehead Insurance's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	16	6.99	9.07	-27	24	7.86	15	23	-41	-17	-8.85
Net Cash From Operating Activities	21	13	12	19	28	13	15	29	24	23	23
Net Cash From Continuing Operating Activities	21	13	12	19	28	13	15	29	24	23	23
Net Income / (Loss) Continuing Operations	11	5.42	1.81	11	13	24	2.65	8.28	13	21	8.05
Consolidated Net Income / (Loss)	11	5.42	1.81	11	13	24	2.65	8.28	13	21	8.05
Depreciation Expense	2.41	2.48	2.63	2.76	2.76	2.81	2.72	3.17	3.20	1.94	3.21
Amortization Expense	-	-	-	-	-	-	0.24	-	-	-	0.29
Non-Cash Adjustments To Reconcile Net Income	-4.79	4.43	25	23	7.96	-28	28	8.94	2.54	-19	23
Changes in Operating Assets and Liabilities, net	12	1.13	-18	-18	4.78	14	-18	8.52	5.78	18	-12
Net Cash From Investing Activities	-3.32	-4.57	-2.88	-2.94	-3.46	-3.14	-3.31	-5.06	-6.46	-8.72	-7.14
Net Cash From Continuing Investing Activities	-3.32	-4.57	-2.88	-2.94	-3.46	-3.14	-3.31	-5.06	-6.46	-8.72	-7.14
Purchase of Property, Plant & Equipment	-2.57	-3.56	-2.78	-2.88	-3.36	-3.17	-3.35	-4.66	-4.19	-6.57	-7.33
Acquisitions	-0.77	-0.85	-	-	-	-	0.00	-	-2.34	-2.14	-0.12
Sale of Property, Plant & Equipment	0.02	-0.03	0.00	0.01	0.03	0.05	0.06	0.08	0.09	0.07	0.06
Other Investing Activities, net	-	-0.13	-0.10	-0.08	-0.13	-0.03	-0.03	-0.03	-0.03	-0.08	0.25
Net Cash From Financing Activities	-1.69	-1.91	-0.12	-43	-0.82	-1.50	2.43	-0.81	-59	-31	-25
Net Cash From Continuing Financing Activities	-1.69	-1.91	-0.12	-43	-0.82	-1.50	2.43	-0.81	-59	-31	-25
Repayment of Debt	-1.88	-1.88	-1.88	-3.14	-2.52	-2.52	-101	-0.75	-7.14	-0.75	-0.75
Repurchase of Common Equity	-	-	-	-	-	-	0.00	-	-58	-23	-50
Payment of Dividends	-3.28	-2.46	-0.04	-2.35	-2.08	-0.36	-205	-1.89	-2.09	-1.01	0.00
Issuance of Debt	-	-	0.00	-	-	-	299	-	7.12	-	26
Issuance of Common Equity	3.50	2.36	2.01	0.37	4.02	5.84	11	1.59	1.37	0.37	0.12
Other Financing Activities, net	-0.04	0.07	-0.21	-	-0.23	-4.46	-1.43	0.76	-0.40	-6.15	-0.11
Cash Interest Paid	1.57	1.52	1.43	1.79	1.97	1.69	4.16	6.19	5.73	5.64	5.17
Cash Income Taxes Paid	0.07	0.09	0.05	0.94	-0.13	-0.23	0.02	0.92	-	-0.01	-0.25

This table presents Goosehead Insurance's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	17	35	65	186	270	321	355	398	415
Total Current Assets	7.72	23	27	51	50	54	75	109	93
Cash & Equivalents	4.95	19	14	25	29	29	42	54	34
Restricted Cash	0.42	0.38	0.92	1.32	1.95	1.64	2.09	3.69	3.55
Prepaid Expenses	0.52	1.11	1.99	3.71	4.79	4.33	7.89	8.14	7.55
Other Current Assets	1.83	2.02	9.49	21	15	19	23	42	48
Plant, Property, & Equipment, net	6.85	7.58	9.54	17	25	35	30	24	22
Total Noncurrent Assets	2.14	4.38	28	119	195	232	250	265	300
Noncurrent Note & Lease Receivables	1.36	2.05	11	18	29	24	9.27	3.47	2.94
Intangible Assets	0.22	0.25	0.45	0.55	2.80	4.49	17	25	40
Noncurrent Deferred & Refundable Income Taxes	0.00	1.96	16	73	126	155	181	193	216
Other Noncurrent Operating Assets	0.57	0.13	1.36	26	37	48	42	43	41
Total Liabilities & Shareholders' Equity	17	35	65	186	270	321	355	398	415
Total Liabilities	58	60	96	224	339	355	338	359	578
Total Current Liabilities	5.77	7.81	13	20	30	37	41	46	58
Short-Term Debt	0.50	2.50	4.00	3.50	4.38	6.88	9.38	10	2.99
Accounts Payable	2.76	3.98	5.03	8.10	13	16	16	23	34
Current Deferred & Payable Income Tax Liabilities	-	-	-	-	-	-	-	0.00	6.24
Other Current Liabilities	0.42	0.38	3.69	8.76	13	14	15	14	15
Total Noncurrent Liabilities	52	52	82	204	309	318	297	312	519
Long-Term Debt	48	46	42	79	118	87	68	82	289
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	-	-	-	126	149	160	166
Other Noncurrent Operating Liabilities	-	0.00	20	63	90	105	80	70	64
Total Equity & Noncontrolling Interests	-41	-25	-31	-38	-69	-34	17	39	-163
Total Preferred & Common Equity	-41	-8.50	-9.01	-4.88	-14	11	28	44	-96
Total Common Equity	-41	-8.50	-9.01	-4.88	-14	11	28	44	-96
Common Stock	0.00	12	15	30	47	71	74	59	38
Retained Earnings	0.00	-21	-24	-35	-61	-61	-46	-15	-133
Noncontrolling Interest	0.00	-17	-22	-34	-55	-44	-11	-4.81	-67

This table presents Goosehead Insurance's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	324	322	323	341	366	338	358	413	437	404	393
Total Current Assets	68	55	53	68	77	53	77	115	135	93	73
Cash & Equivalents	46	25	19	35	51	24	48	70	92	52	26
Restricted Cash	2.26	1.59	1.79	1.86	2.03	2.64	2.57	2.36	3.23	2.93	3.44
Prepaid Expenses	5.57	13	12	9.45	6.30	6.55	5.70	22	18	14	14
Other Current Assets	14	16	20	21	18	20	21	20	22	24	30
Plant, Property, & Equipment, net	35	37	33	32	29	27	25	23	22	22	22
Total Noncurrent Assets	221	230	237	242	261	258	256	274	279	289	297
Noncurrent Note & Lease Receivables	28	18	15	12	6.59	5.99	3.64	3.58	3.08	3.08	1.82
Intangible Assets	4.33	5.17	12	15	19	21	23	27	30	34	44
Noncurrent Deferred & Refundable Income Taxes	140	159	165	171	194	191	190	201	208	213	211
Other Noncurrent Operating Assets	48	47	45	44	42	40	39	42	39	39	40
Total Liabilities & Shareholders' Equity	324	322	323	341	366	338	358	413	437	404	393
Total Liabilities	370	348	337	336	338	358	356	558	567	574	597
Total Current Liabilities	35	37	38	39	44	46	49	41	46	48	56
Short-Term Debt	6.25	7.50	8.13	8.75	10	10	10	3.00	3.00	2.99	2.99
Accounts Payable	14	14	14	15	15	16	19	20	23	25	31
Current Deferred & Payable Income Tax Liabilities	-	-	-	-	4.95	4.95	4.95	6.99	6.99	7.12	6.24
Other Current Liabilities	15	15	15	15	15	15	15	11	13	13	15
Total Noncurrent Liabilities	335	311	299	297	294	312	306	517	521	526	541
Long-Term Debt	114	85	72	70	65	87	85	290	290	290	315
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	134	140	155	155	156	158	165	171	166
Other Noncurrent Operating Liabilities	109	97	93	87	73	69	66	69	66	65	61
Total Equity & Noncontrolling Interests	-46	-26	-13	5.76	28	-20	2.25	-146	-131	-171	-204
Total Preferred & Common Equity	6.33	17	30	47	67	40	58	-89	-79	-105	-121
Total Common Equity	6.33	17	30	47	67	40	58	-89	-79	-105	-121
Common Stock	68	78	87	97	113	78	89	70	75	41	7.20
Retained Earnings	-61	-61	-58	-51	-45	-38	-31	-159	-154	-146	-128
Noncontrolling Interest	-52	-43	-43	-41	-39	-60	-56	-57	-52	-66	-83

This table displays calculated financial ratios and metrics derived from Goosehead Insurance's official financial filings.

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	40.83%	28.83%	51.01%	29.31%	38.38%	24.78%	20.37%	16.15%
EBITDA Growth	0.00%	-195.03%	241.89%	45.52%	-40.78%	23.34%	146.13%	53.20%	33.94%
EBIT Growth	0.00%	-225.11%	200.87%	42.33%	-55.78%	128.67%	62.70%	63.97%	38.12%
NOPAT Growth	0.00%	-228.12%	228.22%	68.80%	-43.22%	-56.66%	469.84%	117.27%	1.22%
Net Income Growth	0.00%	-315.11%	155.62%	80.65%	-55.77%	-68.30%	800.99%	107.26%	-9.49%
EPS Growth	0.00%	0.00%	166.67%	15.91%	-49.02%	-88.46%	1,733.33%	110.91%	-10.34%
Operating Cash Flow Growth	0.00%	-24.12%	106.73%	16.02%	43.83%	1.66%	41.07%	40.74%	28.25%
Free Cash Flow Firm Growth	0.00%	0.00%	142.27%	-897.01%	29.19%	409.42%	-90.47%	327.24%	15.32%
Invested Capital Growth	0.00%	138.53%	105.25%	502.43%	55.35%	-76.15%	67.97%	47.79%	24.94%
Revenue Q/Q Growth	0.00%	6.34%	-1.17%	21.68%	3.83%	8.93%	2.19%	10.90%	3.20%
EBITDA Q/Q Growth	0.00%	11.52%	-21.54%	49.37%	-14.85%	-30.05%	1.18%	28.43%	4.95%
EBIT Q/Q Growth	0.00%	1.86%	-20.21%	57.63%	-25.15%	84.15%	-0.28%	35.19%	5.40%
NOPAT Q/Q Growth	0.00%	2.01%	-20.68%	55.51%	-22.85%	19.89%	13.37%	77.63%	-2.19%
Net Income Q/Q Growth	0.00%	1.20%	-23.11%	65.99%	-32.85%	183.71%	13.62%	59.90%	-6.30%
EPS Q/Q Growth	0.00%	12.00%	120.00%	0.00%	-35.00%	50.00%	19.57%	65.71%	-8.77%
Operating Cash Flow Q/Q Growth	0.00%	16.23%	9.52%	24.53%	-2.64%	-13.50%	26.84%	-1.23%	13.13%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	1,082.49%	-123.26%	24.80%	162.46%	-96.28%	10.16%	2.53%
Invested Capital Q/Q Growth	0.00%	71.14%	-34.12%	47.69%	10.33%	-89.30%	4.68%	56.76%	35.38%
Profitability Metrics	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	35.25%	66.76%	39.92%	44.09%	45.74%
EBITDA Margin	28.16%	-19.00%	20.93%	20.17%	9.24%	16.46%	16.24%	20.67%	23.83%
Operating Margin	17.82%	-23.16%	18.16%	17.04%	5.73%	9.67%	12.61%	19.44%	20.38%
EBIT Margin	26.11%	-23.20%	18.16%	17.12%	5.85%	4.84%	12.61%	17.18%	20.43%
Profit (Net Income) Margin	20.32%	-31.04%	13.40%	16.03%	5.48%	2.51%	9.07%	15.62%	12.17%
Tax Burden Percent	100.00%	102.46%	88.84%	105.84%	138.17%	102.55%	89.80%	105.17%	87.42%
Interest Burden Percent	77.82%	130.58%	83.04%	88.47%	67.78%	151.93%	80.07%	86.42%	68.12%
Effective Tax Rate	0.00%	0.00%	11.16%	-5.84%	-38.17%	146.17%	10.20%	-5.17%	12.58%
Return on Invested Capital (ROIC)	281.16%	-212.81%	126.87%	45.34%	11.76%	41.88%	74.68%	104.47%	78.82%
ROIC Less NNEP Spread (ROIC-NNEP)	283.59%	-236.43%	121.28%	42.45%	9.39%	31.77%	62.41%	59.30%	64.53%
Return on Net Nonoperating Assets (RNNOA)	-302.26%	269.09%	-163.81%	-99.38%	-27.18%	-23.76%	-356.14%	71.36%	-150.68%
Return on Equity (ROE)	-21.10%	56.28%	-36.94%	-54.04%	-15.42%	-10.23%	-281.46%	175.84%	-71.86%
Cash Return on Invested Capital (CROIC)	0.00%	-294.65%	57.91%	-97.71%	-31.59%	129.75%	23.96%	65.90%	56.64%
Operating Return on Assets (OROA)	66.75%	-54.18%	28.31%	15.99%	3.88%	9.73%	9.75%	14.36%	18.37%
Return on Assets (ROA)	51.95%	-72.49%	20.88%	14.98%	3.64%	2.53%	7.01%	13.05%	10.94%
Return on Common Equity (ROCE)	-21.10%	42.11%	-11.51%	-10.81%	-2.71%	-0.17%	645.83%	226.18%	-29.98%
Return on Equity Simple (ROE_SIMPLE)	-21.10%	219.61%	-115.27%	-384.64%	-59.17%	73.95%	84.73%	111.90%	0.00%
Net Operating Profit after Tax (NOPAT)	7.61	-9.75	13	21	12	5.19	30	64	65
NOPAT Margin	17.82%	-16.21%	16.14%	18.04%	7.92%	4.96%	11.33%	20.44%	17.82%
Net Nonoperating Expense Percent (NNEP)	-2.43%	23.62%	5.59%	2.89%	2.37%	2.00%	12.28%	45.18%	14.29%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	8.66%	31.58%	48.94%	50.19%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	64.75%	199.85%	60.08%	55.91%	54.26%
SG&A Expenses to Revenue	77.59%	118.57%	78.41%	78.92%	89.07%	25.26%	23.77%	21.33%	22.28%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	82.18%	123.16%	81.84%	82.96%	94.27%	218.87%	27.31%	24.65%	25.36%
Earnings before Interest and Taxes (EBIT)	11	-14	14	20	8.86	20	33	54	75
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	12	-11	16	24	14	17	42	65	87
Valuation Ratios	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	233.97	97.13	85.80	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	196.33	253.87	200.15	0.00
Price to Revenue (P/Rev)	2.00	15.22	19.38	38.56	31.83	5.80	10.40	11.97	7.43
Price to Earnings (P/E)	0.00	0.00	420.95	485.81	891.39	5,741.84	192.11	123.77	97.50
Dividend Yield	0.00%	0.00%	1.00%	0.93%	1.25%	0.00%	0.00%	0.00%	8.02%
Earnings Yield	0.00%	0.00%	0.24%	0.21%	0.11%	0.12%	0.52%	0.81%	1.03%
Enterprise Value to Invested Capital (EV/IC)	47.50	143.72	113.97	56.80	39.13	111.61	55.12	51.69	31.62
Enterprise Value to Revenue (EV/Rev)	3.01	15.43	19.49	38.76	32.07	12.10	10.48	12.07	7.94
Enterprise Value to EBITDA (EV/EBITDA)	10.69	0.00	93.13	192.16	347.28	147.02	64.54	58.39	33.32
Enterprise Value to EBIT (EV/EBIT)	11.53	0.00	107.33	226.41	547.90	121.72	83.09	70.23	38.86
Enterprise Value to NOPAT (EV/NOPAT)	16.90	0.00	120.81	214.88	404.98	487.98	92.52	59.02	44.57
Enterprise Value to Operating Cash Flow (EV/OCF)	9.50	90.32	71.11	184.02	136.93	34.21	53.87	53.05	31.61
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	264.68	0.00	0.00	12.37	288.44	93.58	62.02
Leverage & Solvency	-	-	-	-	-	-	-	-	-
Debt to Equity	-1.18	-1.92	-1.49	-2.16	-1.77	-5.57	4.58	2.36	-1.80
Long-Term Debt to Equity	-1.17	-1.82	-1.36	-2.07	-1.71	-5.16	4.02	2.10	-1.78
Financial Leverage	-1.07	-1.14	-1.35	-2.34	-2.89	-4.37	-5.71	1.20	-2.33
Leverage Ratio	-0.41	-0.78	-1.77	-3.61	-4.24	-17.26	-40.16	13.47	-6.57
Compound Leverage Factor	-0.32	-1.01	-1.47	-3.19	-2.87	-8.74	-32.16	11.64	-4.47
Debt to Total Capital	646.76%	208.43%	304.61%	186.29%	229.21%	312.15%	82.09%	70.26%	225.54%
Short-Term Debt to Total Capital	6.65%	10.76%	26.40%	7.86%	8.17%	34.40%	10.00%	7.66%	2.31%
Long-Term Debt to Total Capital	640.12%	197.67%	278.22%	178.43%	221.04%	144.61%	72.09%	62.60%	223.24%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	-71.86%	-145.18%	-75.34%	-103.03%	-221.61%	-11.93%	-3.66%	-51.89%
Common Equity to Total Capital	-546.76%	-36.57%	-59.44%	-10.96%	-26.18%	35.59%	29.84%	33.40%	-73.65%
Debt to EBITDA	4.05	-4.24	2.85	3.51	8.78	10.86	1.81	1.42	3.36
Net Debt to EBITDA	3.60	-2.58	1.91	2.40	6.60	3.67	0.78	0.53	2.92
Long-Term Debt to EBITDA	4.00	-4.02	2.60	3.36	8.47	10.06	1.59	1.27	3.33
Debt to NOPAT	6.39	-4.97	3.69	3.93	10.24	54.06	2.60	1.44	4.49
Net Debt to NOPAT	5.69	-3.02	2.47	2.69	7.70	24.34	1.11	0.53	3.91
Long-Term Debt to NOPAT	6.33	-4.71	3.37	3.76	9.88	50.09	2.28	1.28	4.45
Altman Z-Score	5.78	9.24	11.07	12.99	8.95	5.33	5.80	7.67	3.94
Noncontrolling Interest Sharing Ratio	0.00%	25.18%	68.85%	80.00%	82.44%	360.21%	329.46%	-28.63%	58.28%
Liquidity Ratios	-	-	-	-	-	-	-	-	-
Current Ratio	1.34	2.92	1.99	2.49	1.66	2.91	1.82	2.34	1.60
Quick Ratio	0.86	2.48	1.07	1.22	0.94	0.77	1.03	1.17	0.59
Cash Flow Metrics	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-14	5.71	-45	-32	100	9.49	41	47
Operating Cash Flow to CapEx	220.09%	462.42%	520.87%	238.49%	230.53%	854.99%	418.14%	591.57%	496.95%
Free Cash Flow to Firm to Interest Expense	0.00	-3.16	2.39	-19.69	-11.28	19.93	1.45	5.53	1.97
Operating Cash Flow to Interest Expense	5.47	2.41	8.90	10.67	12.42	7.21	7.74	9.75	3.86
Operating Cash Flow Less CapEx to Interest Expense	2.99	1.89	7.19	6.19	7.03	9.32	5.89	8.10	3.08
Efficiency Ratios	-	-	-	-	-	-	-	-	-
Asset Turnover	2.56	2.34	1.56	0.93	0.66	3.31	0.77	0.84	0.90
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	6.24	8.34	9.05	8.94	7.28	6.95	7.96	11.56	16.00
Accounts Payable Turnover	0.00	0.00	0.00	0.00	9.29	9.64	9.70	8.95	7.01
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	39.30	75.76	37.62	40.78	52.04
Cash Conversion Cycle (CCC)	0.00	0.00	0.00	0.00	-39.30	-37.88	-37.62	-40.78	-52.04
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-
Invested Capital	2.71	6.46	13	80	124	30	50	73	92
Invested Capital Turnover	15.78	13.13	7.86	2.51	1.48	16.89	6.59	5.11	4.42
Increase / (Decrease) in Invested Capital	0.00	3.75	6.80	67	44	-94	20	24	18
Enterprise Value (EV)	129	928	1,510	4,535	4,853	2,534	2,738	3,795	2,901
Market Capitalization	85	915	1,502	4,512	4,816	2,496	2,716	3,766	2,714
Book Value per Share	($4.82)	($0.23)	($0.25)	($0.13)	($0.38)	$1.02	$0.74	$1.18	($2.59)
Tangible Book Value per Share	($4.85)	($0.24)	($0.26)	($0.15)	($0.45)	$0.29	$0.28	$0.51	($3.67)
Total Capital	7.52	23	15	45	54	120	94	131	130
Total Debt	49	48	46	83	123	187	77	92	292
Total Long-Term Debt	48	46	42	79	118	173	68	82	289
Net Debt	43	29	31	57	92	63	33	34	255
Capital Expenditures (CapEx)	6.15	2.22	4.08	10	15	25	12	12	18
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-2.91	-1.48	2.06	7.55	-6.07	-13	-1.00	14	-0.01
Debt-free Net Working Capital (DFNWC)	2.45	18	17	34	24	48	43	72	38
Net Working Capital (NWC)	1.95	15	13	30	20	17	34	62	35
Net Nonoperating Expense (NNE)	-1.07	8.92	2.12	2.35	3.69	5.13	5.90	15	21
Net Nonoperating Obligations (NNO)	44	32	44	118	193	63	33	34	255
Total Depreciation and Amortization (D&A)	0.88	2.52	2.15	3.57	5.12	14	9.47	11	12
Debt-free, Cash-free Net Working Capital to Revenue	-6.82%	-2.47%	2.66%	6.45%	-4.01%	-6.26%	-0.38%	4.51%	0.00%
Debt-free Net Working Capital to Revenue	5.74%	29.14%	22.36%	28.87%	16.13%	11.38%	16.47%	22.95%	10.38%
Net Working Capital to Revenue	4.57%	24.98%	17.19%	25.88%	13.24%	24.30%	12.89%	19.75%	9.56%
Earnings Adjustments	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	($0.66)	$0.24	$0.55	$0.56	$0.00	$0.59	$1.23	$1.11
Adjusted Weighted Average Basic Shares Outstanding	0.00	13.55M	14.86M	16.79M	19.18M	21.00M	23.93M	24.66M	24.98M
Adjusted Diluted Earnings per Share	$0.00	($0.66)	$0.22	$0.51	$0.52	$0.00	$0.55	$1.16	$1.04
Adjusted Weighted Average Diluted Shares Outstanding	0.00	13.55M	16.10M	18.38M	20.81M	21.77M	38.36M	38.30M	38.10M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	36.29M	36.29M	36.76M	37.11M	37.51M	37.95M	37.30M	36.59M
Normalized Net Operating Profit after Tax (NOPAT)	5.33	-9.75	13	14	6.07	10	30	43	65
Normalized NOPAT Margin	12.47%	-16.21%	16.14%	11.93%	4.01%	2.48%	11.33%	13.61%	17.82%
Pre Tax Income Margin	20.32%	-30.29%	15.08%	15.14%	3.97%	4.90%	10.10%	14.85%	13.92%
Debt Service Ratios	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.51	-3.27	5.90	8.67	3.10	4.05	5.02	7.36	3.14
NOPAT to Interest Expense	3.08	-2.29	5.24	9.14	4.20	3.12	4.51	8.76	2.74
EBIT Less CapEx to Interest Expense	2.02	-3.79	4.19	4.20	-2.28	-0.98	3.17	5.72	2.36
NOPAT Less CapEx to Interest Expense	0.59	-2.81	3.53	4.66	-1.19	-1.48	2.65	7.11	1.96
Payout Ratios	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	294.08%	-428.88%	180.50%	238.32%	723.24%	0.00%	46.16%	9.83%	472.45%
Augmented Payout Ratio	294.08%	-428.88%	180.50%	238.32%	723.24%	0.00%	46.16%	138.48%	656.30%

This table displays calculated financial ratios and metrics derived from Goosehead Insurance's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	36,588,779.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	36,588,779.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.13
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	23.13%	9.77%	11.22%	12.72%	9.86%	49.05%	17.26%	20.41%	15.89%	12.07%	23.14%
EBITDA Growth	183.42%	5.70%	12.93%	36.53%	23.23%	234.45%	469.28%	5.64%	22.89%	11.70%	92.51%
EBIT Growth	79.70%	-1.36%	-0.95%	41.54%	24.74%	316.73%	228.64%	4.02%	24.06%	14.44%	125.04%
NOPAT Growth	163.72%	107.66%	-0.95%	42.60%	8.56%	427.24%	1,691.74%	5.52%	28.81%	-2.75%	-32.48%
Net Income Growth	270.82%	109.91%	1,099.45%	51.46%	11.83%	339.20%	46.27%	-23.83%	0.66%	-12.55%	204.04%
EPS Growth	211.11%	300.00%	0.00%	60.00%	3.57%	383.33%	80.00%	-25.00%	0.00%	-17.24%	111.11%
Operating Cash Flow Growth	-7.75%	346.42%	1,956.03%	13.18%	32.88%	-7.15%	28.32%	53.18%	-13.85%	85.20%	47.69%
Free Cash Flow Firm Growth	595.81%	-113.38%	17.90%	-96.87%	-85.98%	200.91%	-105.64%	-137.92%	-120.91%	149.35%	143.39%
Invested Capital Growth	-65.65%	67.97%	-70.27%	10.54%	-1.31%	47.79%	49.77%	30.33%	44.67%	24.94%	12.48%
Revenue Q/Q Growth	2.53%	-11.29%	2.29%	21.14%	-0.07%	20.36%	-19.53%	24.40%	-3.82%	16.39%	-11.57%
EBITDA Q/Q Growth	17.65%	-42.79%	-55.41%	354.93%	6.19%	55.27%	-68.20%	101.47%	23.54%	32.94%	-41.82%
EBIT Q/Q Growth	21.66%	-50.91%	-78.23%	988.52%	7.22%	64.00%	-75.65%	142.92%	27.88%	43.90%	-49.66%
NOPAT Q/Q Growth	50.96%	-45.21%	-85.47%	1,086.50%	14.92%	166.08%	-50.62%	-30.12%	40.28%	46.13%	-52.86%
Net Income Q/Q Growth	57.01%	-51.89%	-66.65%	501.16%	15.93%	88.96%	-88.89%	213.04%	53.21%	64.16%	-61.38%
EPS Q/Q Growth	86.67%	-57.14%	-58.33%	380.00%	20.83%	100.00%	-84.48%	100.00%	61.11%	65.52%	-60.42%
Operating Cash Flow Q/Q Growth	25.43%	-36.33%	-12.35%	60.89%	47.26%	-55.51%	23.86%	86.73%	-16.27%	-4.36%	-1.23%
Free Cash Flow Firm Q/Q Growth	-55.06%	-112.65%	1,014.89%	-93.98%	101.04%	-8.94%	-151.15%	59.51%	-10.88%	358.06%	-62.55%
Invested Capital Q/Q Growth	2.71%	4.68%	1.14%	1.66%	-8.30%	56.76%	2.49%	-11.54%	1.80%	35.38%	-7.73%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	43.36%	36.82%	32.89%	44.67%	43.89%	51.45%	35.51%	45.83%	45.57%	53.16%	45.31%
EBITDA Margin	22.56%	14.55%	6.34%	23.81%	25.30%	32.64%	12.90%	20.89%	26.83%	30.65%	20.16%
Operating Margin	19.17%	10.61%	2.26%	19.72%	21.06%	29.65%	8.75%	16.65%	23.53%	29.35%	16.11%
EBIT Margin	19.17%	10.61%	2.26%	20.28%	21.76%	29.65%	8.97%	17.52%	23.30%	28.80%	16.40%
Profit (Net Income) Margin	15.87%	8.61%	2.81%	13.93%	16.16%	25.36%	3.50%	8.81%	14.03%	19.79%	8.64%
Tax Burden Percent	93.97%	104.87%	-5,653.13%	78.49%	84.49%	132.68%	275.91%	81.43%	84.07%	84.60%	82.18%
Interest Burden Percent	88.12%	77.39%	-2.20%	87.49%	87.87%	64.47%	14.14%	61.74%	71.64%	81.22%	64.15%
Effective Tax Rate	6.03%	-4.87%	0.00%	21.51%	15.51%	-32.68%	-175.91%	18.57%	15.93%	15.40%	17.82%
Return on Invested Capital (ROIC)	49.62%	73.34%	3.86%	88.00%	107.06%	201.05%	125.30%	78.76%	122.20%	109.87%	63.39%
ROIC Less NNEP Spread (ROIC-NNEP)	48.27%	71.35%	4.59%	86.15%	104.09%	161.99%	112.45%	75.42%	118.53%	106.19%	61.71%
Return on Net Nonoperating Assets (RNNOA)	-272.78%	-674.94%	441.32%	-338.72%	1,121.79%	194.95%	-232.77%	-134.44%	-199.15%	-247.95%	-89.93%
Return on Equity (ROE)	-223.16%	-601.61%	445.17%	-250.71%	1,228.84%	396.00%	-107.47%	-55.68%	-76.95%	-138.08%	-26.54%
Cash Return on Invested Capital (CROIC)	274.72%	23.96%	137.34%	62.40%	78.10%	65.90%	57.14%	79.30%	79.62%	56.64%	74.80%
Operating Return on Assets (OROA)	14.73%	8.20%	1.76%	16.96%	17.65%	24.78%	7.50%	15.45%	21.65%	25.90%	15.59%
Return on Assets (ROA)	12.20%	6.65%	2.19%	11.65%	13.10%	21.20%	2.93%	7.77%	13.04%	17.80%	8.22%
Return on Common Equity (ROCE)	295.92%	1,380.43%	16,681.82%	524.67%	16,105.91%	509.38%	-19.42%	-14.38%	-21.30%	-57.61%	-15.92%
Return on Equity Simple (ROE_SIMPLE)	44.77%	0.00%	38.14%	73.88%	52.64%	0.00%	-56.41%	-60.26%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	13	7.01	1.02	12	14	37	18	13	18	26	12
NOPAT Margin	18.01%	11.12%	1.58%	15.48%	17.80%	39.34%	24.14%	13.56%	19.78%	24.83%	13.24%
Net Nonoperating Expense Percent (NNEP)	1.35%	1.99%	-0.73%	1.85%	2.97%	39.06%	12.85%	3.34%	3.67%	3.68%	1.68%
Return On Investment Capital (ROIC_SIMPLE)	-	7.48%	-	-	-	28.12%	12.35%	7.86%	14.63%	20.16%	10.84%
Cost of Revenue to Revenue	56.64%	63.18%	67.11%	55.33%	56.11%	48.55%	64.49%	54.17%	54.43%	46.84%	54.69%
SG&A Expenses to Revenue	20.88%	-36.17%	92.01%	21.58%	19.48%	-25.87%	23.23%	26.21%	18.92%	20.96%	25.75%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	24.19%	-34.94%	97.74%	24.96%	22.83%	-24.26%	26.76%	29.17%	22.04%	23.81%	29.20%
Earnings before Interest and Taxes (EBIT)	14	6.68	1.46	16	17	28	6.78	16	21	30	15
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	16	9.17	4.09	19	20	31	9.75	20	24	32	19
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	60.31	97.13	37.54	54.87	56.56	85.80	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	88.35	253.87	52.06	117.96	93.98	200.15	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	10.99	10.40	9.44	7.89	11.64	11.97	13.52	11.59	7.90	7.43	4.08
Price to Earnings (P/E)	254.93	192.11	157.66	117.53	171.95	123.77	142.28	132.41	92.38	97.50	51.38
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	5.01%	5.60%	7.94%	8.02%	0.00%
Earnings Yield	0.39%	0.52%	0.63%	0.85%	0.58%	0.81%	0.70%	0.76%	1.08%	1.03%	1.95%
Enterprise Value to Invested Capital (EV/IC)	59.22	55.12	49.98	42.95	70.22	51.69	60.70	61.67	43.80	31.62	20.87
Enterprise Value to Revenue (EV/Rev)	10.99	10.48	9.38	7.93	11.60	12.07	14.03	12.02	8.38	7.94	4.62
Enterprise Value to EBITDA (EV/EBITDA)	67.02	64.54	58.54	46.25	64.99	58.39	59.03	52.34	35.78	33.32	18.39
Enterprise Value to EBIT (EV/EBIT)	85.03	83.09	76.23	59.05	82.27	70.23	69.11	61.52	41.91	38.86	21.26
Enterprise Value to NOPAT (EV/NOPAT)	107.65	92.52	78.99	62.29	90.85	59.02	75.06	66.07	44.60	44.57	25.54
Enterprise Value to Operating Cash Flow (EV/OCF)	70.12	53.87	39.70	33.50	45.40	53.05	60.94	48.29	36.59	31.61	17.82
Enterprise Value to Free Cash Flow (EV/FCFF)	11.02	288.44	16.68	72.28	89.32	93.58	127.42	88.00	65.06	62.02	29.55
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	13.67	4.58	2.66	-4.92	42.18	2.36	-2.02	-2.24	-1.72	-1.80	-1.56
Long-Term Debt to Equity	12.15	4.02	2.31	-4.41	37.70	2.10	-2.00	-2.22	-1.70	-1.78	-1.54
Financial Leverage	-5.65	-9.46	96.18	-3.93	10.78	1.20	-2.07	-1.78	-1.68	-2.33	-1.46
Leverage Ratio	-16.68	-40.16	304.87	-19.93	87.37	13.47	-6.64	-5.15	-4.52	-6.57	-2.30
Compound Leverage Factor	-14.70	-31.08	-6.71	-17.44	76.78	8.68	-0.94	-3.18	-3.24	-5.33	-1.48
Debt to Total Capital	93.18%	82.09%	72.68%	125.51%	97.68%	70.26%	198.44%	180.52%	239.62%	225.54%	279.54%
Short-Term Debt to Total Capital	10.35%	10.00%	9.68%	13.01%	10.38%	7.66%	2.03%	1.85%	2.45%	2.31%	2.63%
Long-Term Debt to Total Capital	82.83%	72.09%	63.00%	112.50%	87.30%	62.60%	196.41%	178.67%	237.17%	223.24%	276.91%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	-48.30%	-11.93%	-37.84%	-76.92%	-57.87%	-3.66%	-38.54%	-32.07%	-53.76%	-51.89%	-72.91%
Common Equity to Total Capital	55.12%	29.84%	65.16%	51.41%	60.18%	33.40%	-59.90%	-48.46%	-85.85%	-73.65%	-106.64%
Debt to EBITDA	1.88	1.81	1.75	2.05	1.87	1.42	3.79	3.73	3.53	3.36	3.31
Net Debt to EBITDA	0.99	0.78	0.51	1.49	0.88	0.53	2.85	2.51	2.87	2.92	3.01
Long-Term Debt to EBITDA	1.67	1.59	1.52	1.84	1.67	1.27	3.75	3.69	3.50	3.33	3.28
Debt to NOPAT	3.02	2.60	2.36	2.76	2.62	1.44	4.82	4.71	4.40	4.49	4.59
Net Debt to NOPAT	1.60	1.11	0.69	2.01	1.23	0.53	3.63	3.17	3.58	3.91	4.17
Long-Term Debt to NOPAT	2.68	2.28	2.05	2.47	2.34	1.28	4.77	4.66	4.36	4.45	4.55
Altman Z-Score	5.80	5.55	5.17	4.49	6.48	7.46	5.25	4.85	3.60	3.59	2.27
Noncontrolling Interest Sharing Ratio	232.60%	329.46%	-3,647.25%	309.27%	-1,210.65%	-28.63%	81.93%	74.18%	72.32%	58.28%	40.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.74	1.82	1.73	1.14	1.55	2.34	2.79	2.92	1.93	1.60	1.32
Quick Ratio	0.90	1.03	1.15	0.51	0.96	1.17	1.70	2.00	1.07	0.59	0.46
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	103	-13	120	7.22	15	13	-6.76	-2.74	-3.03	7.83	2.93
Operating Cash Flow to CapEx	829.33%	374.94%	426.47%	665.81%	843.62%	401.19%	470.92%	630.46%	591.02%	356.51%	314.60%
Free Cash Flow to Firm to Interest Expense	63.99	-8.66	80.55	3.64	7.04	7.30	-1.16	-0.43	-0.51	1.38	0.54
Operating Cash Flow to Interest Expense	13.08	8.91	7.98	9.63	13.64	6.91	2.66	4.59	4.05	4.07	4.18
Operating Cash Flow Less CapEx to Interest Expense	11.50	6.53	6.11	8.18	12.02	5.19	2.09	3.86	3.37	2.93	2.85
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.77	0.77	0.78	0.84	0.81	0.84	0.84	0.88	0.93	0.90	0.95
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	7.64	7.96	8.21	9.19	9.94	11.56	12.49	13.95	14.99	16.00	16.66
Accounts Payable Turnover	10.78	9.70	11.19	10.96	9.99	8.95	10.35	9.62	8.78	7.01	7.80
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	33.86	37.62	32.61	33.30	36.53	40.78	35.26	37.95	41.57	52.04	46.80
Cash Conversion Cycle (CCC)	-33.86	-37.62	-32.61	-33.30	-36.53	-40.78	-35.26	-37.95	-41.57	-52.04	-46.80
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	47	50	50	51	47	73	75	67	68	92	85
Invested Capital Turnover	2.76	6.59	2.44	5.69	6.02	5.11	5.19	5.81	6.18	4.42	4.79
Increase / (Decrease) in Invested Capital	-91	20	-119	4.87	-0.62	24	25	15	21	18	9.39
Enterprise Value (EV)	2,810	2,738	2,511	2,193	3,289	3,795	4,568	4,105	2,968	2,901	1,767
Market Capitalization	2,809	2,716	2,528	2,182	3,300	3,766	4,404	3,960	2,795	2,714	1,561
Book Value per Share	$1.24	$0.74	$1.77	$1.05	$1.58	$1.18	($2.37)	($2.09)	($2.80)	($2.59)	($3.31)
Tangible Book Value per Share	$0.84	$0.28	$1.28	$0.49	$0.95	$0.51	($3.10)	($2.90)	($3.71)	($3.67)	($4.52)
Total Capital	85	94	103	77	97	131	148	162	122	130	114
Total Debt	79	77	75	97	95	92	293	293	293	292	318
Total Long-Term Debt	70	68	65	87	85	82	290	290	290	289	315
Net Debt	42	33	22	71	45	34	221	197	238	255	289
Capital Expenditures (CapEx)	2.55	3.59	2.78	2.87	3.33	3.12	3.29	4.59	4.10	6.49	7.27
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.70	-1.00	-11	-9.95	-13	14	4.46	-3.69	-6.59	-0.01	-8.44
Debt-free Net Working Capital (DFNWC)	38	43	42	16	37	72	77	92	48	38	21
Net Working Capital (NWC)	29	34	32	6.27	27	62	74	89	45	35	18
Net Nonoperating Expense (NNE)	1.52	1.58	-0.79	1.21	1.28	13	16	4.47	5.20	5.31	4.28
Net Nonoperating Obligations (NNO)	42	33	22	71	45	34	221	197	238	255	289
Total Depreciation and Amortization (D&A)	2.41	2.48	2.63	2.76	2.76	2.81	2.97	3.17	3.20	1.94	3.51
Debt-free, Cash-free Net Working Capital to Revenue	0.27%	-0.38%	-3.97%	-3.60%	-4.50%	4.51%	1.37%	-1.08%	-1.86%	0.00%	-2.21%
Debt-free Net Working Capital to Revenue	14.77%	16.47%	15.87%	5.90%	13.17%	22.95%	23.65%	26.92%	13.54%	10.38%	5.39%
Net Working Capital to Revenue	11.35%	12.89%	12.14%	2.27%	9.62%	19.75%	22.73%	26.04%	12.69%	9.56%	4.61%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.29	$0.15	$0.07	$0.25	$0.31	$0.60	$0.09	$0.20	$0.31	$0.51	$0.20
Adjusted Weighted Average Basic Shares Outstanding	24.12M	23.93M	25.09M	24.69M	24.29M	24.66M	24.79M	25.22M	25.15M	24.98M	24.27M
Adjusted Diluted Earnings per Share	$0.28	$0.12	$0.05	$0.24	$0.29	$0.58	$0.09	$0.18	$0.29	$0.48	$0.19
Adjusted Weighted Average Diluted Shares Outstanding	24.89M	38.36M	38.84M	38.03M	37.94M	38.30M	25.94M	38.55M	38.01M	38.10M	36.64M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	37.87M	37.95M	37.99M	36.96M	37.11M	37.30M	37.53M	37.56M	36.84M	36.59M	35.61M
Normalized Net Operating Profit after Tax (NOPAT)	13	4.68	1.02	12	14	19	4.63	13	18	26	12
Normalized NOPAT Margin	18.01%	7.42%	1.58%	15.48%	17.80%	20.76%	6.13%	13.56%	19.78%	24.83%	13.24%
Pre Tax Income Margin	16.89%	8.21%	-0.05%	17.74%	19.12%	19.12%	1.27%	10.82%	16.69%	23.39%	10.52%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	8.42	4.42	0.98	7.99	8.24	15.39	1.16	2.61	3.53	5.33	2.79
NOPAT to Interest Expense	7.91	4.64	0.68	6.10	6.74	20.42	3.13	2.02	2.99	4.59	2.25
EBIT Less CapEx to Interest Expense	6.84	2.05	-0.89	6.54	6.63	13.67	0.60	1.89	2.84	4.18	1.46
NOPAT Less CapEx to Interest Expense	6.33	2.26	-1.19	4.65	5.12	18.69	2.57	1.30	2.31	3.45	0.92
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	40.66%	46.16%	42.75%	27.64%	22.57%	9.83%	420.03%	442.05%	441.30%	472.45%	10.01%
Augmented Payout Ratio	40.66%	46.16%	42.75%	27.64%	22.57%	138.48%	420.03%	443.16%	564.07%	656.30%	273.91%

Financials Breakdown Chart

Key Financial Trends

Goosehead Insurance’s latest quarter showed a sharp year-over-year rebound in profitability and operating performance, but the balance sheet remains highly leveraged and equity is still negative.

Revenue accelerated again in Q1 2026. Operating revenue rose to $93.1 million, up from $75.6 million in Q1 2025, showing solid top-line growth year over year.
Operating income improved meaningfully. Q1 2026 operating income was $15.0 million, versus just $6.6 million in Q1 2025, reflecting better scale and margin recovery.
Net income attributable to common shareholders increased. Goosehead reported $4.9 million in common shareholder earnings in Q1 2026, compared with $2.3 million in Q1 2025.
Cash from operations remained strong. The company generated $22.9 million in operating cash flow in Q1 2026, up from $15.5 million a year earlier.
Operating cash flow continues to outpace reported earnings. That suggests the business is still converting earnings into cash reasonably well, despite some working-capital swings.
Q1 2026 showed controlled capital spending. Property and equipment purchases were $7.3 million, which is manageable relative to operating cash generation.
Quarterly profitability improved sharply from a weak Q1 2025 base. The comparison is favorable, but earnings remain far below the stronger quarters seen in late 2025.
Interest expense remains a meaningful burden. Q1 2026 interest expense was $5.5 million, which continues to pressure pre-tax profit and limits flexibility.
The balance sheet is still highly strained. Goosehead reported negative total equity of $204.2 million in Q1 2026, underscoring a heavily debt-financed capital structure.
Leverage remains elevated. Long-term debt was $314.9 million, and total liabilities were $597.0 million versus total assets of $392.8 million.

What the trend says: Goosehead has made real progress in revenue growth and operating profitability over the last year, and cash generation remains healthy. However, the company still carries a very leveraged balance sheet, negative equity, and sizable interest expense. For retail investors, that means the story is improving operationally, but financial risk remains elevated.

06/20/26 02:22 PM ETAI Generated. May Contain Errors.

Goosehead Insurance Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Goosehead Insurance's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Goosehead Insurance's net income appears to be on an upward trend, with a most recent value of $44.45 million in 2025, rising from $8.68 million in 2017. The previous period was $49.11 million in 2024. See where experts think Goosehead Insurance is headed by visiting Goosehead Insurance's forecast page.

Goosehead Insurance's total operating income in 2025 was $74.45 million, based on the following breakdown:

Total Gross Profit: $167.10 million
Total Operating Expenses: $92.65 million

Over the last 8 years, Goosehead Insurance's total revenue changed from $42.71 million in 2017 to $365.30 million in 2025, a change of 755.3%.

Goosehead Insurance's total liabilities were at $577.65 million at the end of 2025, a 61.1% increase from 2024, and a 898.7% increase since 2017.

In the past 8 years, Goosehead Insurance's cash and equivalents has ranged from $4.95 million in 2017 to $54.28 million in 2024, and is currently $34.39 million as of their latest financial filing in 2025.

Over the last 8 years, Goosehead Insurance's book value per share changed from -4.82 in 2017 to -2.59 in 2025, a change of -46.2%.

Related Companies

Financial statements for NASDAQ:GSHD last updated on 4/28/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Goosehead Insurance (GSHD) Financials

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Goosehead Insurance (GSHD) Financials

Annual Income Statements for Goosehead Insurance

Quarterly Income Statements for Goosehead Insurance

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Quarterly Cash Flow Statements for Goosehead Insurance

Annual Balance Sheets for Goosehead Insurance

Quarterly Balance Sheets for Goosehead Insurance

Annual Metrics And Ratios for Goosehead Insurance

Quarterly Metrics And Ratios for Goosehead Insurance

Financials Breakdown Chart

Key Financial Trends

Goosehead Insurance Financials - Frequently Asked Questions

When does Goosehead Insurance's fiscal year end?

How has Goosehead Insurance's net income changed over the last 8 years?

What is Goosehead Insurance's operating income?

How has Goosehead Insurance's revenue changed over the last 8 years?

How much debt does Goosehead Insurance have?

How much cash does Goosehead Insurance have?

How has Goosehead Insurance's book value per share changed over the last 8 years?

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