Goosehead Insurance, Inc. is a rapidly growing independent personal lines insurance agency headquartered in Westlake, Texas. The company operates a dual-distribution model, distributing its products and services through both corporate-owned and franchise locations across the United States. Rather than underwriting policies, Goosehead acts as a broker, utilizing a proprietary technology platform to help consumers compare and purchase auto, home, and other personal insurance products from over 100 carriers.
Financial Statements
In thousands, USD
FY 2025
FY 2024
FY 2023
FY 2022
Total Revenues
365,304
314,505
261,276
209,390
Gross Profit
365,304
314,505
261,276
209,390
Selling, General & Administrative Expenses
277,743
240,011
214,715
186,180
Depreciation & Amortization Expenses
11,270
10,453
9,244
6,884
Other Operating Expenses
1,842
2,901
4,361
6,198
Operating Profit
74,449
61,140
32,956
10,128
Interest and Investment Income
(23,793)
(7,339)
(6,568)
(4,999)
Non-Operating Income
192
(7,101)
—
—
Total Non-Operating Income
(23,601)
(14,440)
(6,568)
(4,999)
Income Before Provision for Income Taxes
50,848
46,700
26,388
5,129
Provision for Income Taxes
6,397
(2,413)
2,692
2,499
Consolidated Net Income
44,451
49,113
23,696
2,630
Net Income Attributable to Minority Interests and Other
16,620
18,687
9,556
2,065
Net Income Attributable to Common Shareholders
27,831
30,426
14,140
565
Basic EPS
1.11
1.23
0.59
0.03
Diluted EPS
1.04
1.16
0.55
0.03
Basic Weighted Average Shares Outstanding
24,975
24,657
23,929
21,773
Diluted Weighted Average Shares Outstanding
38,103
38,301
38,356
21,773
Shares Outstanding
24,653
24,668
24,966
23,034
FY 2025
FY 2024
FY 2023
FY 2022
Cash and Cash Equivalents
37,937
57,973
44,047
30,387
Total Cash and Cash Equivalents
37,937
57,973
44,047
30,387
Accounts Receivable
47,754
42,452
22,623
19,372
Total Trade Receivables
47,754
42,452
22,623
19,372
Other Current Assets
7,552
8,139
7,889
4,334
Total Current Assets
93,243
108,564
74,559
54,093
Net Property, Plant & Equipment
55,636
61,521
68,722
79,427
Net Intangible Assets
39,700
25,075
17,266
4,487
Other Long-Term Assets
226,285
202,493
194,345
183,346
Total Assets
414,864
397,653
354,892
321,353
Accounts Payable
33,629
22,891
16,398
15,958
Short-Term Debt
2,993
10,063
9,375
6,875
Current Portion of Leases
8,666
6,535
8,897
6,627
Unearned Revenue
3,241
3,275
4,129
6,031
Other Current Liabilities
9,784
3,693
2,091
1,644
Total Current Liabilities
58,313
46,457
40,890
37,135
Long-Term Debt
289,461
82,251
67,562
86,711
Leases
51,168
54,536
57,382
64,947
Other Long-Term Liabilities
178,710
175,333
172,272
166,184
Total Long-Term Liabilities
519,339
312,120
297,216
317,842
Total Liabilities
577,652
358,577
338,106
354,977
Common Stock
366
373
380
374
Additional Paid-in Capital
37,486
58,917
73,413
70,866
Retained Earnings
(133,356)
(15,401)
(45,827)
(60,570)
Total Common Shareholders' Equity
(95,504)
43,889
27,966
10,670
Minority Interests and Other
(67,284)
(4,813)
(11,180)
(44,294)
Total Shareholders' Equity
(162,788)
39,076
16,786
(33,624)
Total Liabilities and Shareholders' Equity
414,864
397,653
354,892
321,353
FY 2025
FY 2024
FY 2023
FY 2022
Net Income
44,451
49,113
23,696
2,630
Depreciation & Amortization
11,270
10,535
9,244
7,109
Share-Based Compensation Expense
23,375
27,971
23,989
19,642
Other Adjustments
12,974
4,193
8,983
10,421
Changes in Trade Receivables
(5,923)
(16,092)
8,254
(5,226)
Changes in Accounts Payable
6,913
5,060
(109)
2,513
Changes in Unearned Revenue
(2,200)
(8,633)
(19,454)
(2,055)
Changes in Other Operating Activities
281
(603)
(3,154)
999
Cash from Operating Activities
91,757
71,544
50,833
36,033
Capital Expenditure
(5,671)
(979)
(4,452)
(10,130)
Purchases of Intangible Assets
(13,096)
(11,209)
(7,705)
(2,484)
Payments for Business Acquisitions
(4,922)
—
(6,895)
—
Other Investing Activities
146
(231)
(130)
43
Cash from Investing Activities
(23,543)
(12,419)
(19,182)
(12,571)
Issuance of Short-Term Debt
—
—
—
25,000
Repayments of Short-Term Debt
—
—
—
(50,000)
Net Issuance / (Repayments) of Short-Term Debt
—
—
—
(25,000)
Issuance of Long-Term Debt
306,374
25,000
—
—
Repayments of Long-Term Debt
(101,700)
(9,422)
(16,875)
(4,375)
Net Issuance / (Repayments) of Long-Term Debt
204,674
15,578
(16,875)
(4,375)
Issuance of Common Shares
13,967
12,235
9,898
6,130
Repurchases of Common Shares
(81,720)
(63,184)
—
—
Net Issuance / (Repurchases) of Common Shares
(67,753)
(50,949)
9,898
6,130
Common Share Dividends Paid
(210,010)
(4,829)
(10,939)
—
Other Financing Activities
(15,161)
(4,999)
(75)
(309)
Cash from Financing Activities
(88,250)
(45,199)
(17,991)
(23,554)
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash