Goosehead Insurance, Inc. (GSHD) financial statements: income statement, balance sheet and cash flow
Goosehead Insurance, Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Goosehead Insurance, Inc. reported revenue of $365.3M (+16.2% year on year) and net income of $44.5M (-9.5% year on year).
Income statement
Goosehead Insurance, Inc. income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Revenues
$365.3M
$314.5M
$261.3M
$209.4M
Employee compensation and benefits
$196.4M
$172.9M
$152.6M
$133.3M
General and administrative expenses
$81.4M
$67.1M
$62.1M
$52.9M
Bad debts
$1.8M
$2.9M
$4.4M
$6.2M
Depreciation and amortization
$11.3M
$10.5M
$9.2M
$6.9M
Total operating expenses
$290.9M
$253.4M
$228.3M
$199.3M
Income from operations
$74.4M
$61.1M
$33.0M
$10.1M
Interest expense
($23.8M)
($7.3M)
($6.6M)
($5.0M)
Other income (expense)
$192.0K
($7.1M)
—
—
Income before taxes
$50.8M
$46.7M
$26.4M
$5.1M
Tax expense (benefit)
$6.4M
($2.4M)
$2.7M
$2.5M
Net Income
$44.5M
$49.1M
$23.7M
$2.6M
Less: net income attributable to noncontrolling interests
$16.6M
$18.7M
$9.6M
$2.1M
Net Income attributable to Goosehead Insurance, Inc.
$27.8M
$30.4M
$14.1M
$565.0K
Basic (in dollars per share)
$1.11
$1.23
$0.59
$0.03
Diluted (in dollars per share)
$1.04
$1.16
$0.55
$0.03
Basic (in shares)
25.0M
24.7M
23.9M
21.0M
Diluted (in shares)
38.1M
38.3M
38.4M
21.8M
Goosehead Insurance, Inc. income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Total revenues
$113.4M
$93.1M
$90.4M
$94.0M
Employee compensation and benefits
$54.3M
$50.5M
$48.7M
$50.4M
General and administrative expenses
$28.4M
$24.0M
$17.1M
$24.6M
Bad debts
$504.0K
$373.0K
$501.0K
$550.0K
Depreciation and amortization
$3.5M
$3.2M
$2.8M
$2.8M
Total operating expenses
$86.8M
$78.1M
$69.2M
$78.4M
Income from operations
$26.6M
$15.0M
$21.3M
$15.7M
Interest expense
($5.7M)
($5.5M)
($6.0M)
($6.3M)
Other income
$260.0K
$267.0K
($209.0K)
$815.0K
Income before taxes
$21.1M
$9.8M
$15.1M
$10.2M
Tax expense
$4.1M
$1.7M
$2.4M
$1.9M
Net income
$17.0M
$8.0M
$12.7M
$8.3M
Less: net income attributable to noncontrolling interests
$6.9M
$3.2M
$4.8M
$3.1M
Net income attributable to Goosehead Insurance, Inc.
$10.1M
$4.9M
$7.9M
$5.2M
Basic (in dollars per share)
$0.42
$0.20
$0.31
$0.20
Diluted (in dollars per share)
$0.41
$0.19
$0.29
$0.18
Basic (in shares)
23.7M
24.3M
25.1M
25.2M
Diluted (in shares)
35.7M
36.6M
38.0M
38.6M
Balance sheet
Goosehead Insurance, Inc. balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$34.4M
$54.3M
$42.0M
$28.7M
Restricted cash
$3.5M
$3.7M
$2.1M
$1.6M
Commissions and agency fees receivable, net
$36.6M
$31.4M
$12.9M
$14.4M
Receivable from franchisees, net
$11.1M
$11.1M
$9.7M
$4.9M
Prepaid expenses
$7.6M
$8.1M
$7.9M
$4.3M
Total current assets
$93.2M
$108.6M
$74.6M
$54.1M
Receivable from franchisees, net of current portion
$2.9M
$3.5M
$9.3M
$23.8M
Property and equipment, net of accumulated depreciation
$21.5M
$24.1M
$30.3M
$35.3M
Right-of-use asset
$34.1M
$37.4M
$38.4M
$44.1M
Intangible assets, net of accumulated amortization
$39.7M
$25.1M
$17.3M
$4.5M
Deferred income taxes, net
$216.4M
$193.5M
$181.2M
$155.3M
Other assets
$7.0M
$5.5M
$3.9M
$4.2M
Total assets
$414.9M
$397.7M
$354.9M
$321.4M
Accounts payable and accrued expenses
$33.6M
$22.9M
$16.4M
$16.0M
Premiums payable
$3.5M
$3.7M
$2.1M
$1.6M
Lease liability
$8.7M
$6.5M
$8.9M
$6.6M
Contract liabilities
$3.2M
$3.3M
$4.1M
$6.0M
Note payable
$3.0M
$10.1M
$9.4M
$6.9M
Liabilities under tax receivable agreement
$6.2M
—
—
—
Total current liabilities
$58.3M
$46.5M
$40.9M
$37.1M
Lease liability, net of current portion
$51.2M
$54.5M
$57.4M
$64.9M
Note payable, net of current portion
$289.5M
$82.3M
$67.6M
$86.7M
Contract liabilities, net of current portion
$13.0M
$15.2M
$23.0M
$40.5M
Liabilities under tax receivable agreement, net of current portion
$165.7M
$160.1M
$149.3M
$125.7M
Total liabilities
$577.7M
$358.6M
$338.1M
$355.0M
Common stock
$366.0K
$373.0K
$380.0K
$374.0K
Additional paid-in capital
$37.5M
$58.9M
$103.2M
$70.9M
Accumulated deficit
($133.4M)
($15.4M)
($47.1M)
($60.6M)
Total stockholders' equity
($95.5M)
$43.9M
$56.6M
$10.7M
Noncontrolling interests
($67.3M)
($4.8M)
($39.8M)
($44.3M)
Total equity
($162.8M)
$39.1M
$16.8M
($33.6M)
Total liabilities and equity
$414.9M
$397.7M
$354.9M
$321.4M
Goosehead Insurance, Inc. balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents
$23.7M
$25.7M
$51.6M
$92.4M
Restricted cash
$3.8M
$3.4M
$2.9M
$3.2M
Commissions and agency fees receivable, net
$24.7M
$15.8M
$12.3M
$10.6M
Receivable from franchisees, net
$18.5M
$14.6M
$12.0M
$11.3M
Prepaid expenses
$14.6M
$13.9M
$14.3M
$17.6M
Total current assets
$85.4M
$73.3M
$93.1M
$135.2M
Receivable from franchisees, net of current portion
$1.6M
$1.8M
$3.1M
$3.1M
Property and equipment, net of accumulated depreciation
$21.8M
$22.5M
$21.9M
$22.0M
Right-of-use asset
$31.3M
$32.7M
$32.5M
$32.3M
Intangible assets, net of accumulated amortization
$48.4M
$44.1M
$34.4M
$30.3M
Deferred income taxes, net
$209.8M
$211.4M
$212.6M
$207.5M
Other assets
$8.6M
$7.0M
$6.0M
$6.3M
Total assets
$406.8M
$392.8M
$403.6M
$436.6M
Accounts payable and accrued expenses
$30.1M
$31.0M
$25.0M
$23.2M
Premiums payable
$3.8M
$3.4M
$2.9M
$3.2M
Lease liability
$9.3M
$9.0M
$6.7M
$6.4M
Contract liabilities
$2.8M
$2.9M
$3.4M
$3.5M
Notes payable
$3.0M
$3.0M
$3.0M
$3.0M
Liabilities under tax receivable agreement
$6.2M
$6.2M
$7.1M
$7.0M
Total current liabilities
$55.3M
$55.6M
$48.1M
$46.2M
Lease liability, net of current portion
$46.2M
$48.8M
$51.0M
$51.9M
Note payable, net of current portion
$314.4M
$314.9M
$290.0M
$289.8M
Contract liabilities, net of current portion
$11.3M
$12.0M
$14.1M
$14.4M
Liabilities under tax receivable agreement, net of current portion
$168.3M
$165.7M
$171.1M
$164.8M
Total liabilities
$595.4M
$597.0M
$574.3M
$567.2M
Common stock
$355.0K
$356.0K
$369.0K
$376.0K
Additional paid-in capital
$5.6M
$6.8M
$40.4M
$74.7M
Accumulated deficit
($118.4M)
($128.5M)
($145.8M)
($153.7M)
Total stockholders' equity
($112.4M)
($121.3M)
($105.0M)
($78.6M)
Noncontrolling interests
($76.1M)
($82.9M)
($65.7M)
($52.0M)
Total equity
($188.5M)
($204.2M)
($170.7M)
($130.6M)
Total liabilities and equity
$406.8M
$392.8M
$403.6M
$436.6M
Cash flow statement
Goosehead Insurance, Inc. cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income
$44.5M
$49.1M
$23.7M
$2.6M
Depreciation and amortization
$11.3M
$11.0M
$9.5M
$7.1M
Amortization of debt discounts and issuance costs
$1.1M
—
—
—
(Gain) loss on disposal of fixed assets
($189.0K)
—
—
—
Loss on debt extinguishment
$804.0K
—
—
—
Impairment expense
$4.7M
$347.0K
$3.6M
—
Bad debt expense
$1.8M
$2.9M
$4.4M
$6.2M
Equity-based compensation
$23.4M
$28.0M
$24.0M
$19.6M
Adjustments to tax receivable agreement liability
$516.0K
$8.7M
$23.6M
$24.7M
Deferred income taxes
$5.9M
($3.7M)
($22.1M)
($22.5M)
Noncash lease expense
($1.7M)
($4.5M)
($748.0K)
$2.0M
Cloud computing arrangement implementation costs
($657.0K)
($1.2M)
($85.0K)
—
Receivable from franchisees
$104.0K
$3.9M
$7.7M
($722.0K)
Commissions and agency fees receivable
($6.0M)
($19.9M)
($28.0K)
($4.5M)
Prepaid expenses
$588.0K
($250.0K)
($3.6M)
$451.0K
Other assets
$966.0K
$827.0K
$486.0K
$548.0K
Accounts payable and accrued expenses
$6.9M
$5.1M
($109.0K)
$2.5M
Contract liabilities
($2.2M)
($8.6M)
($19.5M)
($2.1M)
Net cash provided by operating activities
$91.8M
$71.5M
$50.8M
$35.7M
Issuance of notes receivable to franchisees
($125.0K)
($325.0K)
($130.0K)
—
Proceeds from notes receivable to franchisees
$303.0K
$94.0K
—
$43.0K
Capitalized software development costs
($13.1M)
($11.2M)
($7.7M)
($2.5M)
Cash consideration paid for asset acquisitions
($4.9M)
$0
($6.9M)
—
Cash paid for asset disposals
($32.0K)
—
—
—
Purchase of property and equipment
($5.7M)
($979.0K)
($4.5M)
($10.1M)
Net cash used for investing activities
($23.5M)
($12.4M)
($19.2M)
($12.6M)
Customer premiums, net
($481.0K)
$994.0K
—
—
Debt issuance cost
($7.9M)
($621.0K)
$0
$0
Repayment of notes payable
($101.7M)
($9.4M)
($16.9M)
($4.4M)
Proceeds from notes payable
$306.4M
$25.0M
$0
$0
Proceeds from the issuance of Class A common stock
$14.0M
$12.2M
$9.9M
$6.1M
Repurchases of Class A common stock
($81.7M)
($63.2M)
—
—
Member distributions
($64.2M)
($4.8M)
($10.9M)
—
Payments pursuant to tax receivable agreement
($6.7M)
($5.4M)
—
—
Dividends to stockholders
($145.8M)
—
$0
$0
Net cash used for financing activities
($88.3M)
($45.2M)
($17.9M)
($23.2M)
Net increase (decrease) in cash and cash equivalents, and restricted cash
($20.0M)
$13.9M
$13.7M
($92.0K)
Cash and cash equivalents, and restricted cash, beginning of period
$58.0M
$44.0M
$30.4M
$30.5M
Cash and cash equivalents, and restricted cash, end of period
$37.9M
$58.0M
$44.0M
$30.4M
Cash paid during the year for interest
$21.7M
$6.9M
$6.4M
$4.8M
Cash paid for income taxes
$929.0K
$631.0K
$701.0K
$484.0K
Cash paid pursuant to tax receivable agreement
$7.4M
—
—
—
Goosehead Insurance, Inc. cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net income
$25.1M
$8.0M
$23.6M
$10.9M
Depreciation and amortization
$6.8M
$3.2M
$9.3M
$6.1M
Amortization of debt discounts and issuance costs
$595.0K
$294.0K
—
—
Loss on disposal of fixed assets
$0
—
$5.0K
$5.0K
Loss on debt extinguishment
$0
$0
$804.0K
$771.0K
Impairment expense
$0
—
$4.7M
$4.7M
Bad debt expense
$877.0K
$373.0K
$1.5M
$957.0K
Equity-based compensation
$11.0M
$6.2M
$17.8M
$12.3M
Deferred income taxes
$5.3M
$1.7M
$2.1M
($28.0K)
Noncash lease activity
($1.8M)
($872.0K)
($2.3M)
($1.5M)
Cloud computing arrangement implementation costs
($1.2M)
($340.0K)
($513.0K)
($475.0K)
Receivable from franchisees
($6.3M)
($2.4M)
($835.0K)
($119.0K)
Commissions and agency fees receivable
$10.7M
$20.2M
$18.1M
$20.2M
Prepaid expenses
($7.1M)
($6.3M)
($6.1M)
($9.5M)
Other assets
$62.0K
($367.0K)
$1.0M
$901.0K
Accounts payable and accrued expenses
($2.9M)
($5.6M)
$315.0K
($311.0K)
Contract liabilities
($2.2M)
($1.4M)
($981.0K)
($552.0K)
Net cash provided by operating activities
$38.8M
$22.9M
$68.6M
$44.4M
Issuance of notes receivable to franchisees
$0
$0
($75.0K)
($50.0K)
Proceeds from notes receivable to franchisees
$110.0K
$58.0K
$229.0K
$140.0K
Capitalized software development costs
($11.5M)
($5.7M)
($9.4M)
($5.7M)
Cash consideration paid for asset acquisitions
($131.0K)
($115.0K)
($2.8M)
($444.0K)
Proceeds from fixed asset disposals
$409.0K
$245.0K
—
—
Purchase of property and equipment
($3.1M)
($1.6M)
($2.8M)
($2.3M)
Net cash used for investing activities
($14.2M)
($7.1M)
($14.8M)
($8.4M)
Customer premiums, net
$260.0K
($113.0K)
($1.1M)
($667.0K)
Debt issuance cost
$0
$0
($7.9M)
($7.9M)
Repayment of notes payable
($1.5M)
($748.0K)
($101.0M)
($93.8M)
Proceeds from notes payable
$0
$0
$306.4M
$299.3M
Proceeds from revolving credit facility
$26.0M
$26.0M
—
—
Proceeds from the issuance of Class A common stock
$347.0K
$116.0K
$13.6M
$12.2M
Repurchases of Class A common stock
($53.8M)
($49.8M)
($58.2M)
($529.0K)
Member distributions
($6.4M)
$0
—
—
Dividends to stockholders
$0
$0
—
—
Net cash (used for) provided by financing activities
($35.0M)
($24.6M)
($57.2M)
$1.6M
Net increase (decrease) in cash and cash equivalents, and restricted cash
($10.5M)
($8.8M)
($3.5M)
$37.6M
Cash and cash equivalents, and restricted cash, beginning of period
$37.9M
$37.9M
$58.0M
$58.0M
Cash and cash equivalents, and restricted cash, end of period