Goosehead Insurance Revenue Climbs 23% to $93.1M in Q1 2026

Goosehead Insurance, Inc., a personal lines insurance distributor, reported revenue of $93.1 million for the three months ending March 31, 2026, up 23% from $75.6 million in the same quarter of 2025. The company posted net income of $4.9 million, compared to $2.3 million a year earlier. Read more earnings reports.

Operating income jumped to $15.0 million from $6.6 million in the prior-year period, reflecting stronger top-line performance and improved operating leverage. Operating expenses rose 13% to $78.1 million from $69.0 million, a slower pace than revenue growth.

Cash from operations surged to $22.9 million in the quarter, up from $15.5 million in the first quarter of 2025. The company deployed $7.1 million in investing activities and used $24.6 million in financing activities, primarily reflecting share buybacks and debt servicing.

Total assets stood at $392.8 million as of March 31, 2026, down from $414.9 million at the end of December 2025. Cash and cash equivalents fell to $25.7 million from $34.4 million over the same period. Long-term debt increased to $314.9 million from $289.5 million at year-end 2025.

The company reported a negative stockholders' equity position of $121.3 million as of March 31, 2026, compared to negative $95.5 million three months earlier. The deficit reflects an accumulated retained earnings deficit of $128.5 million, partially offset by $6.8 million in additional paid-in capital.

Labor and related expenses totaled $50.5 million for the quarter, up from $48.3 million in the first quarter of 2025. The company had 23.7 million common shares outstanding as of March 31, 2026, down from 24.7 million at the end of 2025.

Earnings per diluted share came in at $0.19, compared to $0.09 in the prior-year quarter. Basic earnings per share doubled to $0.20 from $0.10 a year earlier.