NASDAQ$GSHD
Goosehead Insurance Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Reported a strong start to the year with revenue growth and improved profitability.
Goosehead Insurance reported a 40% increase in total revenue to $58.0 million and a net loss of $0.2 million, an improvement from the prior year's $5.4 million loss. Core revenue grew by 42% to $52.0 million, and adjusted EBITDA increased to $10.2 million.
- Total revenues grew organically 40% year-over-year to $58.0 million.
- Core Revenues increased 42% year-over-year to $52.0 million.
- Net loss improved to $0.2 million from a net loss of $5.4 million a year ago.
- Total written premiums placed increased 41% year-over-year to $637.7 million.
Headline financials
Revenue & EPS history
Goosehead Insurance · Revenue · Quarterly
$58M
Revenue by segment
Goosehead Insurance · $58M total across 3 segments · Q1 2023
- Core Revenue$52M+42.4%89.7%
- Cost Recovery Revenue$3.46M+32.3%6.0%
- Ancillary Revenue$2.51M+16.2%4.3%
Forward guidance
The Company is raising its outlook for full year 2023.
Tailwinds
- Total written premiums placed for 2023 are expected to be between $2.86 billion and $2.99 billion, representing organic growth of 29% on the low end of the range to 35% on the high end of the range.
- Total revenues for 2023 are expected to be between $260 million and $267 million, representing organic growth of 24% on the low end of the range to 28% on the high end of the range.
- Adjusted EBITDA Margin is expected to expand for the full year 2023.
- Strategic moves are expected to drive strong and profitable growth through the remainder of 2023 and many years beyond.
- Ongoing improvements in operations, talent, and technology are further expanding the competitive moat in the industry.
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 2023
+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
| Quarter | Report date | Reaction (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 | — | — | — |
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