Goosehead accounting errors crash stock 18% in one week

Goosehead Insurance restated three years of financial statements, erasing its membership in the multi-billion-dollar market-cap club and sending shares down 18% over the week. The accounting errors forced the company to revise prior results, wiping out the valuation threshold it had previously cleared. The restatement raises questions about the reliability of Goosehead's historical reporting and internal controls. Investors will watch for management's explanation of the errors and any remediation steps, plus upcoming filings for further revisions.