Filing Flows › Goosehead Insurance (GSHD) › Q4 2024
Goosehead Insurance (GSHD) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 3, 2025
Goosehead Insurance (GSHD) reported revenue of $93.9M for the fourth quarter 2024 (Q4 2024), +49% from a year earlier and +20% from the quarter before. Operating margin was 29.7%, net earnings $14.9M (15.8% of revenue).
Goosehead Insurance, Q4 2024: revenue $93.9M (+49% year over year), operating margin 29.7%, net earnings $14.9M, operating cash flow $12.5M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $93.9M | +20% | +49% |
| Operating profit | $27.9M | +69% | +317% |
| Net earnings | $14.9M | +97% | +310% |
| Operating cash flow | $12.5M | -56% | -7% |
| Free cash flow | $12.1M | -57% | -7% |
What changed
Revenue was $93.9M in Q4 2024, up 49% year over year and up 20% from the previous quarter. Renewal royalty fees was the largest line at 37% of revenue.
Operating profit was $27.9M, a 29.7% margin (up 19.0 points year over year). Of the extra revenue versus a year earlier, 68% reached operating profit, above the 11% margin then. Total costs grew 17% against revenue growth of 49%. The fastest-growing cost line was General & admin (+27%). Net earnings were $14.9M, up 310% year over year. The effective tax rate was 3.5%.
Operating cash flow was $12.5M (down 7% year over year), 52% of net income including minority interests. Non-cash charges added back $2.4M of depreciation and amortization and $6.9M of share-based compensation. Working capital and other items used $20.6M. Capital expenditures of $422K left free cash flow of $12.1M.
Questions
What was Goosehead Insurance's revenue in the fourth quarter 2024?
Goosehead Insurance (GSHD) reported revenue of $93.9M for the fourth quarter 2024 (Q4 2024), +49% from a year earlier and +20% from the quarter before.
Was Goosehead Insurance profitable in the fourth quarter 2024?
Operating profit was $27.9M (29.7% of revenue) and net earnings $14.9M.