Goosehead Insurance, Inc. SEC 10-Q Report
1 min read
Goosehead Insurance, Inc., a leading independent personal lines insurance agency, has released its Form 10-Q report for the second quarter of 2025. The report provides a comprehensive overview of the company's financial and operational performance, showcasing significant growth in revenue and strategic business developments.
Financial Highlights
- Total Revenue: $94.0 million, increased by 20% from the second quarter of 2024.
- Operating Income: $15.7 million, compared to $15.4 million in the second quarter of 2024.
- Net Income: $8.3 million, decreased by $2.6 million from the second quarter of 2024.
- Basic EPS: $0.20, compared to $0.25 in the second quarter of 2024.
- Diluted EPS: $0.18, compared to $0.24 in the second quarter of 2024.
Business Highlights
- Revenue Segments: The company reported a 23% increase in Renewal Royalty Fees to $45.4 million for Q2 2025, driven by an increase in the number of policies in the renewal term and rising premium rates. New Business Royalty Fees also increased by 9% to $7.8 million, attributed to higher franchise productivity and premium rates.
- Sales Units: Policies in Force increased by 13% from June 30, 2024, reaching 1,793,000 by June 30, 2025. This growth reflects the company's expanding customer base and successful retention strategies.
- Corporate Sales Headcount: The corporate sales headcount grew by 53% to 479 as of June 30, 2025, with 282 agents having less than one year of tenure, indicating a significant investment in expanding the sales force.
- Franchise Operations: The total number of operating franchises decreased by 4% to 1,075 as of June 30, 2025. Despite the decrease, the company maintained strong franchise productivity, contributing to revenue growth.
- Future Outlook: The company expects continued conversion of New Business Commissions and Royalty Fees into higher-margin Renewal Commissions and Royalty Fees, supporting long-term revenue growth. The focus remains on leveraging the expanded sales force and franchise network to drive future performance.
SEC Filing: Goosehead Insurance, Inc. [ GSHD ] - 10-Q - Jul. 23, 2025