Filing Flows › Goosehead Insurance (GSHD) › Q3 2025
Goosehead Insurance (GSHD) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 23, 2025
Goosehead Insurance (GSHD) reported revenue of $90.4M for the third quarter 2025 (Q3 2025), +16% from a year earlier and -4% from the quarter before. Operating margin was 23.5%, net earnings $7.9M (8.7% of revenue).
Goosehead Insurance, Q3 2025: revenue $90.4M (+16% year over year), operating margin 23.5%, net earnings $7.9M, operating cash flow $24.2M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $90.4M | -4% | +16% |
| Operating profit | $21.3M | +36% | +29% |
| Net earnings | $7.9M | +54% | +5% |
| Operating cash flow | $24.2M | -16% | -14% |
| Free cash flow | $23.7M | -13% | -15% |
What changed
Revenue was $90.4M in Q3 2025, up 16% year over year and down 4% from the previous quarter. Renewal Royalty Fees was the largest line at 51% of revenue. Renewal Royalty Fees added $7.6M year over year (up 20%), 61% of the total change. Interest Income declined 30%.
Operating profit was $21.3M, a 23.5% margin (up 2.5 points year over year). Of the extra revenue versus a year earlier, 39% reached operating profit, above the 21% margin then. Total costs grew 12% against revenue growth of 16%. The fastest-growing cost line was General & admin (+13%). Net earnings were $7.9M, up 5% year over year. The effective tax rate was 15.9%.
Operating cash flow was $24.2M (down 14% year over year), 191% of net income including minority interests. Non-cash charges added back $3.2M of depreciation and amortization and $5.6M of share-based compensation. Working capital and other items added $2.7M. Capital expenditures of $477K left free cash flow of $23.7M.
Questions
What was Goosehead Insurance's revenue in the third quarter 2025?
Goosehead Insurance (GSHD) reported revenue of $90.4M for the third quarter 2025 (Q3 2025), +16% from a year earlier and -4% from the quarter before.
Was Goosehead Insurance profitable in the third quarter 2025?
Operating profit was $21.3M (23.5% of revenue) and net earnings $7.9M.