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.
After the market closed on November 9, 2026, Goosehead disclosed that on November 6, 2026, Goosehead’s Audit Committee concurred with management’s conclusion that the Company’s audited financial statements for fiscal years 2023, 2024 and 2025, and certain quarterly and year-to-date financial statements from 2023 through 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.
Following the disclosure, Goosehead’s stock price declined nearly 14% in after-hours trading on November 9, 2026.
Goosehead (GSHD) Investors:
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, [email protected], [email protected], to learn more about the investigation and receive a free, no-obligation evaluation of potential legal claims.
About Kehoe Law Firm, P.C.
Kehoe Law Firm, P.C. is a nationally recognized, plaintiff-side class action law firm representing investors, consumers, and employees in matters involving securities fraud, corporate misconduct, mergers and acquisitions, antitrust violations, whistleblower claims, data breaches, consumer fraud, employment law violations, as well as ERISA and retirement plan litigation. Its attorneys have served as lead or co-lead counsel in major securities cases, recovering more than $10 billion for institutional and individual investors.
Kehoe Law Firm’s class action legal services are provided on a contingency-fee basis, meaning plaintiffs are not responsible for attorneys’ fees or litigation expenses. Any request for attorneys’ fees and expenses will be subject to court approval.
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