Goosehead Insurance Inc. (GSHD) Financial Statements (2025 and earlier)

Company Profile

Business Address 1500 SOLANA BLVD
WESTLAKE, TX 76262
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 6411 - Insurance Agents, Brokers, and Service (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments23,64351,08941,95635,20319,13124,588
Cash and cash equivalents23,64351,08941,95635,20319,13124,588
Restricted cash and investments2,6422,0282,0911,8581,7901,590
Prepaid expense6,5466,2967,8899,44512,04613,279
Contract with customer, asset, after allowance for credit loss1,9202,0482,3092,6162,9043,187
Other undisclosed current assets17,94615,47320,31418,85817,04412,849
Total current assets:52,69776,93474,55967,98052,91555,493
Noncurrent Assets
Operating lease, right-of-use asset35,47537,12138,40639,84641,17742,725
Property, plant and equipment27,01428,68630,31631,70733,17636,564
Intangible assets, net (including goodwill)21,26918,78317,26614,78512,3845,172
Intangible assets, net (excluding goodwill)21,26918,78317,26614,78512,3845,172
Deferred income tax assets191,275193,518181,209170,761164,549159,468
Other noncurrent assets4,4834,5813,8673,9673,5324,617
Other undisclosed noncurrent assets5,9946,5869,26912,41115,44617,543
Total noncurrent assets:285,510289,275280,333273,477270,264266,089
TOTAL ASSETS:338,207366,209354,892341,457323,179321,582
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:16,14114,65216,39814,77914,23814,237
Other undisclosed accounts payable and accrued liabilities16,14114,65216,39814,77914,23814,237
Deferred revenue3,4563,6114,1294,8315,2075,394
Debt10,06310,0009,3758,7508,1257,500
Other undisclosed current liabilities16,76816,17410,98810,60710,2589,808
Total current liabilities:46,42844,43740,89038,96737,82836,939
Noncurrent Liabilities
Long-term debt and lease obligation87,02865,11867,56270,00572,44984,893
Long-term debt, excluding current maturities87,02865,11867,56270,00572,44984,893
Liabilities, other than long-term debt69,27773,35480,35286,81592,654225,734
Deferred revenue16,66318,12122,97027,12830,99234,715
Due to related parties128,773
Operating lease, liability52,61455,23357,38259,68761,66262,246
Other undisclosed noncurrent liabilities155,207155,060149,302139,909133,696 
Total noncurrent liabilities:311,512293,532297,216296,729298,799310,627
Total liabilities:357,940337,969338,106335,696336,627347,566
Equity
Equity, attributable to parent, including:39,76867,34956,55246,58429,67017,189
Additional paid in capital77,748112,428103,22896,75286,85977,569
Accumulated deficit(38,349)(45,459)(47,056)(50,546)(57,565)(60,754)
Other undisclosed equity, attributable to parent369380380378376374
Equity, attributable to noncontrolling interest(59,501)(39,109)(39,766)(40,823)(43,118)(43,173)
Total equity:(19,733)28,24016,7865,761(13,448)(25,984)
TOTAL LIABILITIES AND EQUITY:338,207366,209354,892341,457323,179321,582

Income Statement (P&L) ($ in thousands)

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
Revenues78,08864,46063,01471,03069,27757,955
Gross profit:78,08864,46063,01471,03069,27757,955
Operating expenses(62,691)(63,005)(56,331)(57,416)(58,087)(56,486)
Operating income:15,3971,4556,68313,61411,1901,469
Nonoperating income441     
Interest and debt expense(1,982)(1,487)(1,511)(1,617)(1,709)(1,731)
Income (loss) from continuing operations before income taxes:13,856(32)5,17211,9979,481(262)
Income tax expense (benefit)(2,981)1,841252(724)(2,301)81
Net income (loss):10,8751,8095,42411,2737,180(181)
Net income (loss) attributable to noncontrolling interest(4,677)5(1,803)(4,339)(3,514)100
Net income (loss) available to common stockholders, basic:6,1981,8143,6216,9343,666(81)
Other undisclosed net income available to common stockholders, diluted2,9421657,032   
Net income (loss) available to common stockholders, diluted:9,1401,97910,6536,9343,666(81)

Comprehensive Income ($ in thousands)

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
Net income (loss):10,8751,8095,42411,2737,180(181)
Comprehensive income (loss):10,8751,8095,42411,2737,180(181)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(4,677)5(1,803)(4,339)(3,514)100
Comprehensive income (loss), net of tax, attributable to parent:6,1981,8143,6216,9343,666(81)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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