Filing Flows › Goosehead Insurance (GSHD) › Q4 2025
Goosehead Insurance (GSHD) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 19, 2026
Goosehead Insurance (GSHD) reported revenue of $105M for the fourth quarter 2025 (Q4 2025), +12% from a year earlier and +16% from the quarter before. Operating margin was 29.4%, net earnings $12.4M (11.8% of revenue).
Goosehead Insurance, Q4 2025: revenue $105M (+12% year over year), operating margin 29.4%, net earnings $12.4M, operating cash flow $23.2M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $105M | +16% | +12% |
| Operating profit | $30.9M | +45% | +11% |
| Net earnings | $12.4M | +57% | -16% |
| Operating cash flow | $23.2M | -4% | +85% |
| Free cash flow | $20.3M | -15% | +68% |
What changed
Revenue was $105.3M in Q4 2025, up 12% year over year and up 16% from the previous quarter. Renewal royalty fees was the largest line at 40% of revenue.
Operating profit was $30.9M, a 29.4% margin (down 0.3 points year over year). Of the extra revenue versus Q4 2024, 27% reached operating profit, below the 30% margin then. Total costs grew 13% against revenue growth of 12%. The fastest-growing cost line was General & admin (+24%). Net earnings were $12.4M, down 16% year over year. The effective tax rate was 15.4%.
Operating cash flow was $23.2M (up 85% year over year), 111% of net income including minority interests. Non-cash charges added back $1.9M of depreciation and amortization and $5.5M of share-based compensation. Working capital and other items used $5.2M. Capital expenditures of $2.9M left free cash flow of $20.3M.
Questions
What was Goosehead Insurance's revenue in the fourth quarter 2025?
Goosehead Insurance (GSHD) reported revenue of $105M for the fourth quarter 2025 (Q4 2025), +12% from a year earlier and +16% from the quarter before.
Was Goosehead Insurance profitable in the fourth quarter 2025?
Operating profit was $30.9M (29.4% of revenue) and net earnings $12.4M.