Goosehead Insurance CEO Retires, Successor Named; Q2 Revenue Jumps 21%, Guidance Raised
GSHD sits 59% above its 52-week low of $33.68.
Summary
Goosehead Insurance reported Q2 revenue of $113.4 million (+21% YoY) and net income of $17 million, raised full-year guidance, and announced CEO Mark Miller will retire at year-end, with President Mark Jones, Jr. succeeding him.
Key Events · Earnings and Guidance · GSHD
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Q2 Revenue Surges 21%
Total revenue reached $113.4 million, up 21% year-over-year, with core revenue growing 10% to $95.6 million. Total written premiums increased 14% to $1.34 billion.
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Net Income More Than Doubles
Net income jumped to $17.0 million from $8.3 million a year ago, with EPS of $0.42 (up 106%). Adjusted EBITDA rose 30% to $37.9 million, and adjusted EBITDA margin expanded to 33%.
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Full-Year Guidance Raised
Management increased 2026 outlook: total revenue growth now expected between 12% and 19%, and total written premium growth between 12% and 20%, reflecting accelerating business momentum.
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CEO Retirement and Succession Announced
CEO Mark Miller will retire effective December 31, 2026. President and COO Mark Jones, Jr. will become CEO on January 1, 2027, ensuring a planned leadership transition with an internal successor.
Analysis · GSHD · Finance
A strong second quarter saw revenue climb 21% and net income more than double to $17 million, fueled by accelerating policy growth and expanding margins. The full-year outlook was raised, underscoring confidence in sustained momentum. At the same time, CEO Mark Miller announced his retirement, with President and COO Mark Jones, Jr. set to take over in January 2027 — a planned succession that removes leadership uncertainty. Together, these announcements reinforce a positive operational trajectory while introducing a known, internal successor, which should reassure investors.
At the time of this filing, GSHD was trading at $53.50 on NASDAQ in the Finance sector, with a market capitalization of approximately $1.8B. The 52-week trading range was $33.68 to $104.00. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.