NASDAQ$GSHD

Goosehead Insurance Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Total revenue increased 32% and total written premium increased 41%.

Goosehead Insurance reported a 32% increase in total revenue to $41.3 million and a 41% increase in total written premium to $450.9 million for the first quarter of 2022. The company experienced a net loss of $5.4 million, with an adjusted EPS of $0.04 per share.

  • Total revenues grew organically 32% over the prior-year period to $41.3 million.
  • Core Revenues of $36.5 million increased 37%.
  • Total written premiums placed increased 41% to $450.9 million.
  • Policies in force grew 39% from the prior-year period to approximately 1,097,000.

Headline financials

Total Revenue

$41.3M

Previous: $31.2M+32.2%
EPS (adj)

$0.04

Previous: $0.03+33.3%
Policies in Force

1.1M

Previous: 788.0K+39.2%
Client Retention

89.0%

Previous: 88.0%+1.1%
Premium Retention

94.0%

Previous: 90.0%+4.4%
Capital Expenditures

-$1.73M

Previous: -$1.95M+11.2%
Free Cash Flow

-$3.99M

Previous: -$2.34M-70.2%
Net Income

-$2.26M

Previous: -$396K-469.9%
Operating Income

-$6.1M

Previous: -$802K-660.8%
Gross Profit

$41.3M

Previous: $31.2M+32.2%
Cash & Equivalents

$21.2M

Previous: $30.8M-31.2%
Total Assets

$275M

Previous: $193M+42.9%
Stock-Based Comp

$5.79M

Previous: $1.94M+198.2%

Revenue & EPS history

Goosehead Insurance · Revenue · Quarterly

$41.3M

Q1 2022+32.2%vs Q1 2021
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Goosehead Insurance · $41.3M total across 3 segments · Q1 2022

  • Core Revenue
    $36.5M
  • Cost Recovery Revenue
    $2.62M
  • Ancillary Revenue
    $2.16M

Forward guidance

The company reiterates its prior outlook for full year 2022.

Tailwinds

  • Total written premiums placed for 2022 are expected to be between $2.086 billion and $2.215 billion, representing organic growth of 34% on the low end of the range to 42% on the high end of the range.
  • Total revenues for 2022 are expected to be between $197 million and $212 million, representing organic growth of 30% on the low end of the range to 40% on the high end of the range, driven by high levels of Core Revenue growth and historically average contingent commissions.
  • Adjusted EBITDA margin is expected to expand for the full year 2022.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+1.7%

Avg return

Earnings day

+1.5%

Avg return

5 days after

+1.5%

Avg return

30 days after

43%

15 / 35 earnings

Positive

+25.8%

Q2 2024

Best reaction

-18.6%

Q4 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+11.5%+7.4%-8.6%
Q4 2025-6.4%-9.5%-16.2%
Q3 2025+8.1%+7.8%+3.9%
Q2 2025-0.5%+2.4%-6.7%
Q1 2025-12.0%-9.4%+2.7%
Q4 2024+15.9%+16.6%+14.2%
Q3 2024+13.2%+14.6%+32.2%
Q2 2024+25.8%+31.1%+19.0%
Q1 2024-11.5%-5.3%+7.2%
Q4 2023-18.6%-15.2%-19.7%
Q3 2023-5.8%-7.8%+4.3%
Q2 2023+4.5%+0.7%-10.1%
Q1 2023+7.3%+5.7%+0.6%
Q4 2022+17.5%+15.7%+29.4%
Q3 2022+15.2%+20.1%+15.0%
Q2 2022+20.4%+12.4%+10.8%
Q1 2022-3.2%+0.3%-9.4%
Q4 2021-0.8%+1.7%-10.8%
Q3 2021-4.2%-9.8%-12.3%
Q2 2021-6.5%-5.2%+8.1%
Q1 2021-3.2%-10.2%-20.9%
Q4 2020-10.6%-21.7%-30.6%
Q3 2020+14.5%+15.6%+14.8%
Q2 2020+21.7%+25.0%+18.9%
Q1 2020-0.1%+1.3%+4.3%
Q4 2019+1.7%+5.1%-6.9%
Q3 2019-16.9%-14.4%-20.8%
Q2 2019-3.7%-2.6%+2.7%
Q1 2019+16.6%+11.6%+22.3%
Q4 2018-7.6%-6.1%-0.1%
Q3 2017-11.9%-21.3%-26.3%
Q3 2018-11.6%-21.7%-29.6%
Q2 2017-4.8%-3.2%+15.6%
Q2 2018-3.2%-0.4%+10.8%
Q1 2018+7.7%+21.5%+43.5%
Q4 2017
Q1 2017

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro