Goosehead Insurance (GSHD) Reveals Prior Financial Statements Unreliable, Stock Tumbles 15% -- Investigation Opened by Hagens Berman
Globe Newswire•12/11/2026•10:36 ET
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Key Highlights
- ➤Goosehead shares fell $8.56, or 15.6%, after the accounting disclosure
- ➤Financial statements for 2023-2025 and 2026 interim periods require restatement
- ➤Company cited improper accounting for qualifying commissions
- ➤Company cited improper accounting for franchisee fees
- ➤Hagens Berman opened a federal securities-law investigation
Expert Statements
Reed Kathrein, Partner at Hagens Berman
“We are evaluating whether Goosehead may have intentionally misled investors about the propriety of its historical accounting”
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.
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