Filing Flows › Goosehead Insurance (GSHD) › Q1 2026
Goosehead Insurance (GSHD) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 23, 2026
Goosehead Insurance (GSHD) reported revenue of $93.1M for the first quarter 2026 (Q1 2026), +23% from a year earlier and -12% from the quarter before. Operating margin was 16.1%, net earnings $4.9M (5.3% of revenue).
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 follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $93.1M | -12% | +23% |
| Operating profit | $15.0M | -51% | +127% |
| Net earnings | $4.9M | -61% | +109% |
| Operating cash flow | $22.9M | -1% | +48% |
| Free cash flow | $21.2M | +5% | +42% |
What changed
Revenue was $93.1M in Q1 2026, up 23% year over year and down 12% from the previous quarter. Renewal Royalty Fees was the largest line at 47% of revenue. Renewal Royalty Fees added $6.3M year over year (up 17%), 36% of the total change. Interest Income declined 38%.
Operating profit was $15.0M, a 16.1% margin (up 7.4 points year over year). Of the extra revenue versus Q1 2025, 48% reached operating profit, above the 9% margin then. Total costs grew 13% against revenue growth of 23%. The fastest-growing cost line was General & admin (+37%). Net earnings were $4.9M, up 109% year over year. The effective tax rate was 17.8%.
Operating cash flow was $22.9M (up 48% year over year), 284% of net income including minority interests. Non-cash charges added back $3.2M of depreciation and amortization and $6.2M of share-based compensation. Working capital and other items added $5.4M. Capital expenditures of $1.6M left free cash flow of $21.2M.
Questions
What was Goosehead Insurance's revenue in the first quarter 2026?
Goosehead Insurance (GSHD) reported revenue of $93.1M for the first quarter 2026 (Q1 2026), +23% from a year earlier and -12% from the quarter before.
Was Goosehead Insurance profitable in the first quarter 2026?
Operating profit was $15.0M (16.1% of revenue) and net earnings $4.9M.