Goosehead Insurance Q1 Revenue Rises 23% to $93.1M; Net Income Hits $8M
Goosehead Insurance posted Q1 revenues of $93.1 million, up 23% year-over-year, and net income of $8.0 million, driving adjusted EPS of $0.37, a 45% gain over last year. The company executed $49.8 million in share repurchases and expanded its Digital Agent 2.0 platform across homeowners products.
1. Q1 Financial Performance
Goosehead Insurance reported first-quarter 2026 revenues of $93.1 million, a 23% increase from Q1 2025, and net income rose to $8.0 million compared with $2.6 million a year earlier. Adjusted EPS climbed 45% to $0.37 per share, driving an adjusted EBITDA of $24.4 million, up 57% year-over-year.
2. Share Repurchases and Capital Structure
During the quarter, the company repurchased $49.8 million of its own shares at an average price of $50.54, reflecting confidence in its growth outlook. As of March 31, 2026, cash and cash equivalents stood at $25.7 million against $26.0 million drawn on a $75 million credit line and a $297.8 million term note payable.
3. Digital Platform Expansion and AI Integration
Goosehead expanded its Digital Agent 2.0 platform to include multiple homeowners products, enhancing its end-to-end digital insurance marketplace. Management has also deployed AI technologies aimed at driving efficiency gains and improving the client experience, with plans to reinvest savings into further technological enhancements.
4. Operational Growth Indicators
Total written premiums increased 13% to $1.1 billion, while core revenues grew 15% to $79.5 million, driven by higher policy renewals and new business commissions. Policies in force reached approximately 1.973 million, with corporate agent and franchise producer counts up 13% and 3%, respectively, year-over-year.