Goosehead Insurance delays third-quarter report to complete financial restatement
GSHD•Goosehead Insurance will file its quarterly report for the period ended September 30, 2026, after November 9, as soon as practicable following a restatement of 2023-2025 annual results and interim periods through June 2026. The restatement is not expected to affect cash balances or total cash flows.
1. Report delayed
Goosehead Insurance said it will file its quarterly report for the period ended September 30, 2026, after November 9, as soon as practicable following a financial restatement. The restatement covers annual results for 2023 through 2025 and interim periods through June 2026.
2. Accounting corrections
The restatement will correct commission-cost accounting and franchise-fee presentation. Franchise-fee corrections would increase both revenue and administrative expenses by $11 million to $16 million for 2025 and by $5.5 million to $8.5 million for the first half of 2026. Commission-cost corrections are expected to increase operating income; the restatement is not expected to affect cash balances or total cash flows.
3. Control weaknesses
Management expects to report material weaknesses in financial reporting controls and ineffective disclosure controls across the affected periods.
