Filing Flows › Goosehead Insurance (GSHD) › Q2 2025
Goosehead Insurance (GSHD) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 24, 2025
Goosehead Insurance (GSHD) reported revenue of $94.0M for the second quarter 2025 (Q2 2025), +20% from a year earlier and +24% from the quarter before. Operating margin was 16.7%, net earnings $5.2M (5.5% of revenue).
Goosehead Insurance, Q2 2025: revenue $94.0M (+20% year over year), operating margin 16.7%, net earnings $5.2M, operating cash flow $28.9M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $94.0M | +24% | +20% |
| Operating profit | $15.7M | +137% | +2% |
| Net earnings | $5.2M | +120% | -17% |
| Operating cash flow | $28.9M | +87% | +53% |
| Free cash flow | $27.2M | +82% | +46% |
What changed
Revenue was $94.0M in Q2 2025, up 20% year over year and up 24% from the previous quarter. Renewal Royalty Fees was the largest line at 48% of revenue. Renewal Royalty Fees added $8.6M year over year (up 23%), 54% of the total change. Commissions and agency fees declined 91%.
Operating profit was $15.7M, a 16.7% margin (down 3.1 points year over year). Of the extra revenue versus a year earlier, 2% reached operating profit, below the 20% margin then. Total costs grew 25% against revenue growth of 20%. The fastest-growing cost line was General & admin (+46%). Net earnings were $5.2M, down 17% year over year. The effective tax rate was 18.6%.
Operating cash flow was $28.9M (up 53% year over year), 349% of net income including minority interests. Non-cash charges added back $3.2M of depreciation and amortization and $6.0M of share-based compensation. Working capital and other items added $11.4M. Capital expenditures of $1.7M left free cash flow of $27.2M.
Questions
What was Goosehead Insurance's revenue in the second quarter 2025?
Goosehead Insurance (GSHD) reported revenue of $94.0M for the second quarter 2025 (Q2 2025), +20% from a year earlier and +24% from the quarter before.
Was Goosehead Insurance profitable in the second quarter 2025?
Operating profit was $15.7M (16.7% of revenue) and net earnings $5.2M.