PHILADELPHIA, Nov. 10, 2026 (GLOBE NEWSWIRE) -- Kehoe Law Firm, P.C. is investigating potential securities claims on behalf of investors of Goosehead Insurance, Inc. (“Goosehead” or the “Company”) (NASDAQ: GSHD) following the Company’s disclosure that previously issued financial statements dating back to 2023 should no longer be relied upon and must be restated.
On November 9, 2026, Goosehead disclosed that on November 6, 2026, the Company's Audit Committee concurred with management's conclusion that its audited consolidated financial statements for fiscal years 2023, 2024 and 2025, as well as its unaudited condensed consolidated financial statements for the quarterly and year-to-date periods ended March 31, June 30 and September 30 of 2023, 2024 and 2025, and March 31 and June 30, 2026, should no longer be relied upon and should be restated.
In response to an SEC comment letter received during a standard review of its annual filings, management determined that certain customer-contract commissions had been expensed rather than deferred and amortized, contrary to GAAP. A broader review identified an additional departure from GAAP involving certain technology-related and errors and omissions insurance program fees charged to franchisees, which were recorded as reductions of expenses rather than recognized as franchise revenues.
The Company also expects to report one or more material weaknesses in internal control over financial reporting and to conclude that its disclosure controls and procedures were not effective as of the end of each affected period. Further, Goosehead disclosed that it does not expect to file its third-quarter 2026 Form 10-Q on time because of the restatement.
On this news, Goosehead's stock price was down over 7% in pre-market trading on November 10, 2026.
Goosehead Insurance Investors: Contact Kehoe Law Firm
If you purchased or otherwise acquired Goosehead securities and suffered financial losses, you are encouraged to contact Kehoe Law Firm or Michael Yarnoff, Esq., (215) 792-6676, Ext. 804, myarnoff@kehoelawfirm.com, info@kehoelawfirm.com, to learn more about the investigation and receive a free, no-obligation evaluation of potential legal claims.
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