On November 9, 2026, Goosehead disclosed that “management determined that its historical accounting for certain costs to obtain customer contracts did not conform to GAAP. Concurrently with this evaluation, management initiated a comprehensive review of its broader accounting policies. Through this process, management identified an additional departure from GAAP in the presentation of certain fees charged to franchisees, consisting of technology-related fees and fees for participation in the Company’s errors and omissions (“E&O”) insurance program.” As a result, the Company’s “previously issued financial statements should no longer be relied upon and should be restated.” This restatement will impact financial statements spanning from the fiscal year ended December 31, 2023, to the quarter ended June 30, 2026.

On this news Goosehead stock fell as much as $8.24, or 15.06%, during intraday trading on November 10, 2026, thereby injuring investors.