Recent News
December 1, 2025–Jefferies initiated coverage on Goosehead with a Buy recommendation and published a higher one‑year price target that drew renewed analyst attention; follow‑on media picks up the initiation and price‑target range. January 9–21, 2026 coverage and commentary emphasized the firm’s growth profile and recent operational metrics.
Technical Analysis
Directional indicators show selling dominance: DI– at 33.89 and increasing while DI+ at 14.34 and decreasing, a configuration that favors sellers; ADX at 29.16 signals a strong directional trend supporting that pressure.
MACD sits at –2.84 and is decreasing, below its signal line (–1.79), confirming bearish momentum and signaling continuation of downside momentum unless MACD rises back above its signal line.
MRO reads –28.69, indicating the current price sits below the oscillator’s target and therefore carries potential for mean reversion; the MRO pattern shows a peak-and-reversal formation, which tempers purely bearish technical signals.
RSI at 39.88 and trending lower signals weakening momentum without reaching classic oversold territory; that supports the near-term price pressure implied by the directional and MACD signals.
Price sits below short-, medium- and long-term averages (price close $60.37 versus 20‑day $66.43, 50‑day $71.75 and 200‑day $84.71) and the 12‑day EMA (price 12‑day EMA $64.84 decreasing), indicating the downtrend extends across multiple timeframes; Bollinger lower bands near $61.59 show the market trading near the lower volatility envelope.
Fundamental Analysis
Revenue and profitability: total revenue for the latest period stands at $90,435,000 with YoY revenue growth of 55.18% and quarter‑over‑quarter revenue change of –1.16%. EBIT equals $21,068,000 and EBIT margin at 23.30% sits above the industry peer mean (19.23%) and close to the industry peer median (19.64%), reflecting stronger operating conversion versus typical peers.
Profitability and cash flow: net income totaled $7,908,000; EPS reported $0.46, matching the estimate of $0.46 and producing a 0.51% EPS surprise. Free cash flow measured $20,023,000, with a free cash flow yield of 1.01% and free cash flow growth negative year‑over‑year, indicating cash generation but with slowing growth versus prior periods.
Balance‑sheet and leverage: total assets $403,596,000, total debt $350,648,000 and total equity negative at $-104,978,000. Debt‑to‑assets sits at 86.88%, well above the industry peer mean (28.96%), reflecting materially higher leverage on the balance sheet; interest coverage stands at 3.53x, which supports debt service but leaves less cushion than higher‑rated peers.
Returns and efficiency: return on assets 1.88% and return on invested capital 9.41% show positive asset returns; return on equity is negative at –7.53% due to the negative equity base. Asset turnover registers 0.215, above the industry peer mean (0.0768), signaling relatively efficient revenue generation per asset dollar.
Valuation: trailing PE at 173.45 and forward PE at 163.84 reflect markedly stretched earnings multiples; price‑to‑sales at 22.03 sits slightly above the industry peer mean (18.27). Price/book registers negative (P/B –18.98) given a negative book value per share (~$-4.20). WMDST values the stock as under‑valued, but the valuation discussion must weigh this classification against high leverage, negative equity, and elevated earnings multiples that compress margin for error.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-09-30 |
| REPORT DATE: | 2025-10-22 |
| NEXT REPORT DATE: | 2026-01-21 |
| CASH FLOW | Begin Period Cash Flow | $ 95.6 M |
| Operating Cash Flow | $ 24.2 M | |
| Capital Expenditures | $ -4.18 M | |
| Change In Working Capital | $ 840.0 K | |
| Dividends Paid | — | |
| Cash Flow Delta | $ -41.10 M | |
| End Period Cash Flow | $ 54.5 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 90.4 M | |
| Forward Revenue | $ 38.1 M | |
| COSTS | ||
| Cost Of Revenue | — | |
| Depreciation | $ 3.2 M | |
| Depreciation and Amortization | $ 3.2 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 75.3 M | |
| PROFITABILITY | ||
| Gross Profit | — | |
| EBITDA | — | |
| EBIT | $ 21.1 M | |
| Operating Income | — | |
| Interest Income | $ 162.0 K | |
| Interest Expense | $ 6.0 M | |
| Net Interest Income | $ -5.97 M | |
| Income Before Tax | $ 15.1 M | |
| Tax Provision | $ 2.4 M | |
| Tax Rate | 16.0 % | |
| Net Income | $ 7.9 M | |
| Net Income From Continuing Operations | $ 12.7 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.46 | |
| EPS Actual | $ 0.46 | |
| EPS Difference | $ 0.00 | |
| EPS Surprise | 0.51 % | |
| Forward EPS | $ 0.53 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 403.6 M | |
| Intangible Assets | $ 34.4 M | |
| Net Tangible Assets | $ -139.35 M | |
| Total Current Assets | — | |
| Cash and Short-Term Investments | $ 51.6 M | |
| Cash | $ 51.6 M | |
| Net Receivables | $ 15.1 M | |
| Inventory | — | |
| Long-Term Investments | — | |
| LIABILITIES | ||
| Accounts Payable | $ 28.0 M | |
| Short-Term Debt | $ 3.0 M | |
| Total Current Liabilities | — | |
| Net Debt | $ 241.4 M | |
| Total Debt | $ 350.6 M | |
| Total Liabilities | $ 574.3 M | |
| EQUITY | ||
| Total Equity | $ -104.98 M | |
| Retained Earnings | $ -145.79 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ -4.20 | |
| Shares Outstanding | 24.967 M | |
| Revenue Per-Share | $ 3.62 | |
| VALUATION | Market Capitalization | $ 2.0 B |
| Enterprise Value | $ 2.3 B | |
| Enterprise Multiple | — | |
| Enterprise Multiple QoQ | — | |
| Enterprise Multiple YoY | — | |
| Enterprise Multiple IPRWA | — | |
| EV/R | 25.334 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | -3.845 | |
| Asset To Liability | 0.703 | |
| Debt To Capital | 1.427 | |
| Debt To Assets | 0.869 | |
| Debt To Assets QoQ | 8.048 % | |
| Debt To Assets YoY | 2991.851 % | |
| Debt To Assets IPRWA | GSHD: 0.869 high: 0.451 median: 0.341 mean: 0.29 low: 0.011 |
|
| Debt To Equity | -3.34 | |
| Debt To Equity QoQ | -25.225 % | |
| Debt To Equity YoY | -2036.685 % | |
| Debt To Equity IPRWA | high: 2.219 median: 1.414 mean: 1.264 low: 0.016 GSHD: -3.34 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | -18.975 | |
| Price To Book QoQ | -43.474 % | |
| Price To Book YoY | -156.069 % | |
| Price To Book IPRWA | high: 11.503 median: 6.618 mean: 5.993 low: 1.199 GSHD: -18.975 |
|
| Price To Earnings (P/E) | 173.447 | |
| Price To Earnings QoQ | -18.332 % | |
| Price To Earnings YoY | 7.026 % | |
| Price To Earnings IPRWA | high: 284.916 GSHD: 173.447 mean: 162.564 median: 110.627 low: -8.661 |
|
| PE/G Ratio | -28.332 | |
| Price To Sales (P/S) | 22.027 | |
| Price To Sales QoQ | -21.494 % | |
| Price To Sales YoY | -12.952 % | |
| Price To Sales IPRWA | high: 22.61 GSHD: 22.027 median: 19.09 mean: 18.268 low: 1.112 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 163.841 | |
| Forward PE/G | -26.763 | |
| Forward P/S | 52.408 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | -7.298 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.215 | |
| Asset Turnover Ratio QoQ | -2.795 % | |
| Asset Turnover Ratio YoY | -3.962 % | |
| Asset Turnover Ratio IPRWA | high: 0.268 GSHD: 0.215 mean: 0.077 median: 0.076 low: 0.042 |
|
| Receivables Turnover | 6.14 | |
| Receivables Turnover Ratio QoQ | -1.515 % | |
| Receivables Turnover Ratio YoY | 25.666 % | |
| Receivables Turnover Ratio IPRWA | GSHD: 6.14 high: 3.22 mean: 0.876 median: 0.846 low: 0.662 |
|
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | 14.863 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 14.863 | |
| Cash Conversion Cycle Days QoQ | — | |
| Cash Conversion Cycle Days YoY | — | |
| Cash Conversion Cycle Days IPRWA | high: 28.284 mean: 18.095 median: 15.267 GSHD: 14.863 low: -5.695 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | — | |
| CapEx To Revenue | -0.046 | |
| CapEx To Depreciation | -1.309 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 185.0 M | |
| Net Invested Capital | $ 188.0 M | |
| Invested Capital | $ 188.0 M | |
| Net Tangible Assets | $ -139.35 M | |
| Net Working Capital | — | |
| LIQUIDITY | ||
| Cash Ratio | — | |
| Current Ratio | — | |
| Current Ratio QoQ | — | |
| Current Ratio YoY | — | |
| Current Ratio IPRWA | — | |
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | — | |
| Cost Of Debt | 1.43 % | |
| Interest Coverage Ratio | 3.527 | |
| Interest Coverage Ratio QoQ | 34.922 % | |
| Interest Coverage Ratio YoY | -57.22 % | |
| Interest Coverage Ratio IPRWA | high: 7.0 mean: 4.423 median: 4.11 GSHD: 3.527 low: -3.6 |
|
| Operating Cash Flow Ratio | — | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | — | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | -7.557 % | |
| Revenue Growth | -3.82 % | |
| Revenue Growth QoQ | -115.654 % | |
| Revenue Growth YoY | 5517.647 % | |
| Revenue Growth IPRWA | high: 24.099 % mean: -0.351 % median: -3.803 % GSHD: -3.82 % low: -19.137 % |
|
| Earnings Growth | -6.122 % | |
| Earnings Growth QoQ | -106.92 % | |
| Earnings Growth YoY | -137.607 % | |
| Earnings Growth IPRWA | high: 7.343 % GSHD: -6.122 % mean: -27.497 % median: -31.985 % low: -55.365 % |
|
| MARGINS | ||
| Gross Margin | — | |
| Gross Margin QoQ | — | |
| Gross Margin YoY | — | |
| Gross Margin IPRWA | — | |
| EBIT Margin | 23.296 % | |
| EBIT Margin QoQ | 32.953 % | |
| EBIT Margin YoY | 7.049 % | |
| EBIT Margin IPRWA | high: 26.516 % GSHD: 23.296 % median: 19.635 % mean: 19.227 % low: -36.265 % |
|
| Return On Sales (ROS) | — | |
| Return On Sales QoQ | — | |
| Return On Sales YoY | — | |
| Return On Sales IPRWA | — | |
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 20.0 M | |
| Free Cash Flow Yield | 1.005 % | |
| Free Cash Flow Yield QoQ | 9.358 % | |
| Free Cash Flow Yield YoY | -19.792 % | |
| Free Cash Flow Yield IPRWA | high: 2.309 % mean: 1.54 % median: 1.414 % GSHD: 1.005 % low: -9.385 % |
|
| Free Cash Growth | -17.428 % | |
| Free Cash Growth QoQ | -117.455 % | |
| Free Cash Growth YoY | -133.097 % | |
| Free Cash Growth IPRWA | high: 104.95 % median: 45.806 % mean: 42.088 % GSHD: -17.428 % low: -53.402 % |
|
| Free Cash To Net Income | 2.532 | |
| Cash Flow Margin | 13.297 % | |
| Cash Flow To Earnings | 1.521 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 1.882 % | |
| Return On Assets QoQ | 55.153 % | |
| Return On Assets YoY | -13.312 % | |
| Return On Assets IPRWA | GSHD: 1.882 % high: 1.273 % mean: 0.871 % median: 0.867 % low: -2.48 % |
|
| Return On Capital Employed (ROCE) | — | |
| Return On Equity (ROE) | -0.075 | |
| Return On Equity QoQ | 14.955 % | |
| Return On Equity YoY | -158.147 % | |
| Return On Equity IPRWA | high: 0.108 median: 0.049 mean: 0.038 GSHD: -0.075 low: -0.172 |
|
| DuPont ROE | -8.615 % | |
| Return On Invested Capital (ROIC) | 9.412 % | |
| Return On Invested Capital QoQ | 50.279 % | |
| Return On Invested Capital YoY | -124.73 % | |
| Return On Invested Capital IPRWA | GSHD: 9.412 % high: 2.8 % median: 2.556 % mean: 2.169 % low: 1.103 % |
|