Goosehead Insurance Inc-A 2025年度报告

☒ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the fiscal year ended December 31, 2025 ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934For the transition period fromto (Exact name of registrant as specified in its charter) None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.YesþNo☐.Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.Yes☐Noþ. Note:Checking the box above will not relieve any registrant required to file reports pursuant to Section 13 or 15(d) of the Exchange Act from their obligationsunder those Sections. Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 duringthe preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements forthe past 90 days.YesþNo☐. Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 ofRegulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit suchfiles).YesþNo☐.Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and "emerging growth company"in Rule 12b-2 of the Exchange Act. (Check one): Accelerated filer☐Non-accelerated filer☐Smaller reporting company☐Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new orrevised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued itsaudit report.☑ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filingreflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received byany of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐Noþ.The aggregate market value of the voting common equity held by non-affiliates of the registrant, computed by reference to the last reported price at which theregistrant’s common equity was sold on June 30, 2025 (the last day of the registrant’s most recently completed second quarter) was $2,662,284,768, computedusing a closing price on that day of $105.51. DOCUMENTS INCORPORATED BY REFERENCEPortions of the registrant's definitive Proxy Statement for its 2026 Annual Meeting of Shareholders, which will be filed with the Securities and Exchange Commission within 120 days of December 31, 2025, are incorporated by reference into Part III, Items 10-14 of this Annual Report on Form 10-K. Table of contents PART I Item 1. BusinessItem 1A. Risk factorsItem 1B. Unresolved staff commentsItem 1C. CybersecurityItem 2. PropertiesItem 3. Legal proceedingsItem 4. Mine safety disclosures 46494949PART IIItem 5. Market for registrant’s common equity, related stockholder matters and issuerpurchases of equity securities50Item 6. Reserved52Item 7. Management’s discussion and analysis of financial condition and results of operations53Item 7A. Quantitative and qualitative disclosure of market risks70Item 8. Financial statements and supplementary data71Item 9. Changes in and disagreements with accountants on accounting and financial statementdisclosure101Item 9A. Controls and procedures101Item 9B. Other information103Item 9C. Disclosure regarding foreign jurisdictions that prevent inspections103PART IIIItem 10. Directors, executive officers, and corporate governance104Item 11. Executive compensation104Item 12. Security ownership of certain beneficial owners and management and relatedstockholder matters104Item 13. Certain relationships and related transactions, and director independence104Item 14. Principal accountant fees and services104PART IVItem 15. Exhibits and financial statement schedule