SAN FRANCISCO, Nov. 12, 2026 (GLOBE NEWSWIRE) -- On November 9, 2026, Goosehead Insurance (NASDAQ: GSHD) announced that it would not timely file its quarterly report for the period ended September 30, 2026. The company blamed the delay on its need to restate prior financial statements, which it warned should no longer be relied upon.
The news knocked the price of Goosehead shares down $8.56 (-15.6%) the next day.
These developments have prompted national shareholder rights firm Hagens Berman to open an investigation into whether Goosehead may have violated the federal securities laws. The firm urges investors who suffered substantial financial losses in Goosehead shares to submit their losses.
Visit: www.hbsslaw.com/gshd
Direct Contact Email: GSHD@hbsslaw.com
Firm Telephone: 844-916-0895
Goosehead Insurance Inc. (GSHD) Investigation
The investigation’s focus is on whether or not the company was sufficiently transparent to investors about its accounting for qualifying commissions and for fees charged to franchisees along with their effects on important financial metrics.
The company’s accounting came into serious question on November 9, 2026. Goosehead revealed that its financial statements for fiscal years ended December 31 2023, 2024, and 2025, the interim periods within those years, and the interim periods ended March 31 and June 30, 2026 “should no longer be relied upon and should be restated.” The company also said it is reassessing the effectiveness of its internal control over financial reporting and of its disclosure controls.
Goosehead identified two main problems with its unreliable financial statements. First, it said it did not comply with applicable accounting rules applicable to qualifying commissions to obtain customer contracts. Second, it did not properly account for fees charged to franchisees.
Goosehead also said the actions it is taking are in “response to a comment letter received from the SEC[.]”
“We are evaluating whether Goosehead may have intentionally misled investors about the propriety of its historical accounting,” said Reed Kathrein, a Hagens Berman partner.
If you invested in Goosehead and have substantial losses, or have knowledge that will assist the firm’s investigation, contact the firm now »
Whistleblowers: Persons with non-public information regarding Goosehead should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email GSHD@hbsslaw.com.
About Hagens Berman
Hagens Berman is a global plaintiffs’ rights complex litigation firm focusing on corporate accountability. The firm is home to a robust practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and other wrongdoings. Hagens Berman’s team has secured more than $2.9 billion in this area of law. More about the firm and its successes can be found at hbsslaw.com. Follow the firm for updates and news at @ClassActionLaw.
Attorney Advertising. Prior results do not guarantee a similar outcome in any future case.
Contact: Hagens Berman, Reed Kathrein, 715 Hearst Avenue, Suite 300, Berkeley, CA 94710, 844-916-0895, GSHD@hbsslaw.com
