Filing Flows › Goosehead Insurance (GSHD) › Q1 2025
Goosehead Insurance (GSHD) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 24, 2025
Goosehead Insurance (GSHD) reported revenue of $75.6M for the first quarter 2025 (Q1 2025), +17% from a year earlier and -20% from the quarter before. Operating margin was 8.8%, net earnings $2.3M (3.1% of revenue).
Goosehead Insurance, Q1 2025: revenue $75.6M (+17% year over year), operating margin 8.8%, net earnings $2.3M, operating cash flow $15.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $75.6M | -20% | +17% |
| Operating profit | $6.6M | -76% | +355% |
| Net earnings | $2.3M | -84% | +29% |
| Operating cash flow | $15.5M | +24% | +28% |
| Free cash flow | $14.9M | +23% | +26% |
What changed
Revenue was $75.6M in Q1 2025, up 17% year over year and down 20% from the previous quarter. Renewal Royalty Fees was the largest line at 49% of revenue. Renewal Royalty Fees added $8.2M year over year (up 28%), 74% of the total change. Initial Franchise Fees declined 40%.
Operating profit was $6.6M, a 8.8% margin (up 6.5 points year over year). Of the extra revenue versus a year earlier, 46% reached operating profit, above the 2% margin then. Total costs grew 9% against revenue growth of 17%. The fastest-growing cost line was Other operating costs (+12%). Net earnings were $2.3M, up 29% year over year. The tax line was a benefit of $1.7M on pre-tax earnings of $1.0M.
Operating cash flow was $15.5M (up 28% year over year), 585% of net income including minority interests. Non-cash charges added back $3.0M of depreciation and amortization and $6.2M of share-based compensation. Working capital and other items added $3.6M. Capital expenditures of $579K left free cash flow of $14.9M.
Questions
What was Goosehead Insurance's revenue in the first quarter 2025?
Goosehead Insurance (GSHD) reported revenue of $75.6M for the first quarter 2025 (Q1 2025), +17% from a year earlier and -20% from the quarter before.
Was Goosehead Insurance profitable in the first quarter 2025?
Operating profit was $6.6M (8.8% of revenue) and net earnings $2.3M.