Key Highlights

  • Goosehead Insurance (NASDAQ:GSHD) ended Tuesday, November 10, 2026 at USD 45.47, a 16.86% decline from a calculated prior close of USD 54.69, or USD 9.22 per share.
  • Preliminary third quarter Revenue ranged from USD 108.8 million to USD 110.8 million versus USD 92.9 million to USD 94.9 million a year before, roughly 17% growth at the midpoint.
  • On November 9, 2026 the company filed an 8-K Item 4.02 notice about a restatement spanning fiscal 2023, 2024 and 2025, and postponed its full Earnings release.
  • Volume was 171,230 shares, 0.46 times average, with a Market Value of USD 1.61 billion, a trailing P/E of 33.13 and trailing diluted EPS of USD 1.37.

What Moved Goosehead Insurance on November 10 (-16.86%)

On Tuesday, November 10, 2026, Goosehead Insurance (NASDAQ:GSHD) ended the day at USD 45.47, lower by 16.86%. Basic arithmetic gives a prior close of USD 54.69 for Monday, November 9, marked as calculated. After that day's close, at 4:07 p.m. ET, the company put out preliminary third quarter figures and an 8-K Item 4.02 notice, then held a call at 4:30 p.m. ET. Core revenue was USD 94.7 million, up 13% from USD 83.9 million, and contingent commissions reached USD 10.0 million versus USD 4.5 million. Total Written Premium was USD 1.31 billion, up 11%, and policies in force were about 2.12 million, up 14%. Published coverage confirmed the Nasdaq listing.

The Rationale: Restatement Notice and a Delayed Report

The restatement notice was the catalyst, and it followed an SEC comment letter on the annual filings. It touches fiscal 2025, whose 10-K was filed on February 19, 2026, along with fiscal 2024, 2023 and interim periods through June 30, 2026. Reclassifying Franchise fees would lift revenue and general and administrative expense by roughly USD 11 million to USD 16 million for fiscal 2025, leaving Operating Income unchanged. Changes to deferred contract costs would trim employee compensation by about 0.5% to 5.5%. The full earnings release has no date, and the Investor Day moved to March 31, 2027. Full-year guidance was reaffirmed at 12% to 19% organic revenue growth and 12% to 20% written premium growth.

Valuation, Liquidity and Risks Around USD 45.47

A market value of USD 1.61 billion implies about 35.4 million shares, calculated. Premium retention was 87% versus 93% a year earlier, and client retention was 86%. Cash was USD 32.8 million, with USD 26.0 million drawn on a USD 75.0 million line and notes payable of USD 322.3 million. The remaining buyback authorization is USD 144.6 million. Risks include amended filings that diverge from the preliminary view, a further delay, and a P/E of 33.13 that leaves little room for estimate cuts. Trading was light at 0.46 times average volume, or 171,230 shares, so the session reflects a repricing on modest turnover, and a published summary noted 11 negative estimate revisions against 1 positive over the prior 90 days. Context matters, since the company reported 568 corporate sales agents and 2,272 franchise producers, up 9% and 7%, yet investors are weighing the quality of reported numbers. The move implies nothing about whether the shares keep falling or recover.

Where Things Stand

Goosehead Insurance (NASDAQ:GSHD) lost 16.86% on November 10, 2026 as investors reacted to a restatement notice and a delayed earnings release, despite preliminary revenue growth near 17%. The USD 45.47 close compares with a calculated prior close of USD 54.69. Amended 10-K and 10-Q filings are due as soon as practicable, and the call started at 4:30 p.m. ET on November 9, 2026. Nothing here implies the decline will continue.