Filing Flows › Goosehead Insurance (GSHD) › Q1 2026 › vs Q1 2025
Goosehead Insurance (GSHD) Q1 2026 vs Q1 2025 (year over year)
Goosehead Insurance's revenue rose $17.5M (+23%) from $75.6M in Q1 2025 to $93.1M in Q1 2026. The biggest changes: Franchise revenues +$12.6M (+30%); Commissions and agency fees +$5.3M (+230%); Renewal Commissions +$1.2M (+7%). Operating margin 16.1% against 8.8% (+7.4 pts).
Goosehead Insurance, Q1 2026: revenue $93.1M (+23% year over year), operating margin 16.1%, net earnings $4.9M, operating cash flow $22.9M. The chart draws each line against Q1 2025, the increases inside each band.
Margins
| Q1 2026 | Q1 2025 | Change | |
|---|---|---|---|
| Operating margin | 16.1% | 8.8% | +7.4 pts |
| Net margin | 5.3% | 3.1% | +2.2 pts |
| Free cash flow margin | 22.8% | 19.7% | +3.1 pts |
Every line
| Line | Q1 2026 | Q1 2025 | Change | % |
|---|---|---|---|---|
| Renewal Royalty Fees | $43.6M | $37.2M | $6.3M | +17% |
| Contingent Commissions | $10.7M | $4.5M | $6.2M | +139% |
| Franchise revenues | $54.3M | $41.7M | $12.6M | +30% |
| Renewal Commissions | $18.2M | $17.0M | $1.2M | +7% |
| New Business Royalty Fees | $7.9M | $6.9M | $957K | +14% |
| Commissions and agency fees | $7.6M | $2.3M | $5.3M | +230% |
| Agency Fees | $2.4M | $2.2M | $145K | +6% |
| Initial Franchise Fees | $1.6M | $1.3M | $267K | +20% |
| Other Franchise Revenues | $1.2M | $456K | $729K | +160% |
| Interest Income | $117K | $189K | −$72K | -38% |
| Revenue | $93.1M | $75.6M | $17.5M | +23% |
| Operating profit | $15.0M | $6.6M | $8.4M | +127% |
| Costs & expenses | $78.1M | $69.0M | $9.1M | +13% |
| Pre-tax earnings | $9.8M | $959K | $8.8M | +921% |
| Other expense, net | $5.2M | $5.7M | −$450K | -8% |
| General & admin | $24.0M | $17.6M | $6.4M | +37% |
| Other operating costs | $54.1M | $51.4M | $2.7M | +5% |
| Net earnings | $4.9M | $2.3M | $2.5M | +109% |
| Minority interests | $3.2M | $304K | $2.9M | +938% |
| Income tax | $1.7M | −$1.7M | $3.4M | — |
| Depreciation & amortization | $3.2M | $2.7M | $488K | +18% |
| Share-based compensation | $6.2M | $6.2M | −$19K | -0.3% |
| Working capital & other | $8.6M | $4.2M | $4.4M | +104% |
| Operating cash flow | $22.9M | $15.5M | $7.4M | +48% |
| Free cash flow (OCF − capex) | $21.2M | $14.9M | $6.3M | +42% |
| Capital expenditures | $1.6M | $579K | $1.1M | +182% |
Questions
How much did Goosehead Insurance's revenue grow year over year in Q1 2026?
Goosehead Insurance's revenue rose $17.5M (+23%) from $75.6M in Q1 2025 to $93.1M in Q1 2026.
What drove Goosehead Insurance's revenue change in Q1 2026?
Franchise revenues +$12.6M (+30%); Commissions and agency fees +$5.3M (+230%); Renewal Commissions +$1.2M (+7%).