GSHD · Goosehead Insurance, Inc

Goosehead Insurance reported robust first quarter 2026 results driven by strong revenue growth across multiple segments. Total revenues increased 23% to $93.1 million, with core revenues growing 15% to $79.5 million, reflecting the company's reliable revenue streams from renewal commissions, agency fees, and royalty fees. The growth was supported by a 14% increase in policies in force to approximately 1,973,000 and a 13% rise in corporate agent headcount to 482. Total written premiums, considered a leading indicator of future revenue growth, increased 13% to $1.1 billion. Profitability improved significantly with net income reaching $8.0 million compared to $2.6 million in the prior-year period, while Adjusted EBITDA surged 57% to $24.4 million. Management highlighted progress in digital distribution with the expansion of Digital Agent 2.0 to include multiple homeowners products and deployment of AI technologies for efficiency gains. The company provided full-year 2026 guidance expecting total revenue growth between 10% and 19% and total written premium growth between 12% and 20%. Concurrently, Goosehead announced executive leadership changes with John Martin appointed as CFO and Mark Jones, Jr. promoted to President and COO, reflecting the company's succession planning. The company also continued its capital return program, repurchasing $49.8 million of shares during the quarter at an average price of $50.54, with $148.5 million remaining under the share repurchase authorization.