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Side-by-side financial comparison of Goosehead Insurance, Inc. (GSHD) and IOVANCE BIOTHERAPEUTICS, INC. (IOVA). Click either name above to swap in a different company.

Goosehead Insurance, Inc. is the larger business by last-quarter revenue ($93.1M vs $86.8M, roughly 1.1× IOVANCE BIOTHERAPEUTICS, INC.). On growth, Goosehead Insurance, Inc. posted the faster year-over-year revenue change (23.1% vs 17.7%). Over the past eight quarters, IOVANCE BIOTHERAPEUTICS, INC.'s revenue compounded faster (1001.6% CAGR vs 9.2%).

Goosehead Insurance is a U.S.-based personal lines insurance agency that offers a wide range of coverage products including auto, home, renters, flood, and specialty insurance. It partners with hundreds of insurance carriers to provide clients with tailored, cost-effective coverage options, operating via corporate locations and a national franchise network for independent agents.

Iovance Biotherapeutics, Inc. is a biopharmaceutical startup based in San Carlos, California. The company works to develop tumor-infiltrating lymphocyte (TIL) therapies against cancer.

GSHD vs IOVA — Head-to-Head

Bigger by revenue
GSHD
GSHD
1.1× larger
GSHD
$93.1M
$86.8M
IOVA
Growing faster (revenue YoY)
GSHD
GSHD
+5.4% gap
GSHD
23.1%
17.7%
IOVA
Faster 2-yr revenue CAGR
IOVA
IOVA
Annualised
IOVA
1001.6%
9.2%
GSHD

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
GSHD
GSHD
IOVA
IOVA
Revenue
$93.1M
$86.8M
Net Profit
$8.0M
Gross Margin
67.4%
Operating Margin
16.1%
-84.7%
Net Margin
8.6%
Revenue YoY
23.1%
17.7%
Net Profit YoY
204.0%
EPS (diluted)
$0.19

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
GSHD
GSHD
IOVA
IOVA
Q1 26
$93.1M
Q4 25
$105.3M
$86.8M
Q3 25
$90.4M
$67.5M
Q2 25
$94.0M
$60.0M
Q1 25
$75.6M
$49.3M
Q4 24
$93.9M
$73.7M
Q3 24
$78.0M
$58.6M
Q2 24
$78.1M
$31.1M
Net Profit
GSHD
GSHD
IOVA
IOVA
Q1 26
$8.0M
Q4 25
$12.4M
Q3 25
$7.9M
$-91.3M
Q2 25
$5.2M
$-111.7M
Q1 25
$2.3M
$-116.2M
Q4 24
$14.9M
Q3 24
$7.6M
$-83.5M
Q2 24
$6.2M
$-97.1M
Gross Margin
GSHD
GSHD
IOVA
IOVA
Q1 26
Q4 25
67.4%
Q3 25
43.0%
Q2 25
5.5%
Q1 25
-0.8%
Q4 24
68.7%
Q3 24
46.2%
Q2 24
-0.8%
Operating Margin
GSHD
GSHD
IOVA
IOVA
Q1 26
16.1%
Q4 25
29.4%
-84.7%
Q3 25
23.5%
-140.7%
Q2 25
16.7%
-189.8%
Q1 25
8.8%
-245.8%
Q4 24
29.7%
-117.5%
Q3 24
21.1%
-152.1%
Q2 24
19.7%
-327.6%
Net Margin
GSHD
GSHD
IOVA
IOVA
Q1 26
8.6%
Q4 25
11.8%
Q3 25
8.7%
-135.3%
Q2 25
5.5%
-186.2%
Q1 25
3.1%
-235.5%
Q4 24
15.8%
Q3 24
9.7%
-142.7%
Q2 24
7.9%
-312.2%
EPS (diluted)
GSHD
GSHD
IOVA
IOVA
Q1 26
$0.19
Q4 25
$0.48
Q3 25
$0.29
Q2 25
$0.18
$-0.33
Q1 25
$0.09
$-0.36
Q4 24
$0.58
$-0.24
Q3 24
$0.29
$-0.28
Q2 24
$0.24
$-0.34

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
GSHD
GSHD
IOVA
IOVA
Cash + ST InvestmentsLiquidity on hand
$25.7M
$297.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$-121.3M
$698.6M
Total Assets
$392.8M
$913.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GSHD
GSHD
IOVA
IOVA
Q1 26
$25.7M
Q4 25
$34.4M
$297.0M
Q3 25
$51.6M
$300.8M
Q2 25
$92.4M
$301.2M
Q1 25
$70.2M
$359.7M
Q4 24
$54.3M
$323.8M
Q3 24
$47.5M
$397.5M
Q2 24
$23.6M
$412.5M
Total Debt
GSHD
GSHD
IOVA
IOVA
Q1 26
Q4 25
$289.5M
Q3 25
$290.0M
Q2 25
$289.8M
Q1 25
$290.3M
Q4 24
$82.3M
Q3 24
$84.6M
Q2 24
$87.0M
Stockholders' Equity
GSHD
GSHD
IOVA
IOVA
Q1 26
$-121.3M
Q4 25
$-95.5M
$698.6M
Q3 25
$-105.0M
$702.3M
Q2 25
$-78.6M
$698.5M
Q1 25
$-88.5M
$767.9M
Q4 24
$43.9M
$710.4M
Q3 24
$58.3M
$773.5M
Q2 24
$39.8M
$768.5M
Total Assets
GSHD
GSHD
IOVA
IOVA
Q1 26
$392.8M
Q4 25
$414.9M
$913.2M
Q3 25
$403.6M
$904.9M
Q2 25
$436.6M
$907.4M
Q1 25
$412.6M
$966.7M
Q4 24
$397.7M
$910.4M
Q3 24
$358.1M
$991.1M
Q2 24
$338.2M
$964.3M
Debt / Equity
GSHD
GSHD
IOVA
IOVA
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
1.87×
Q3 24
1.45×
Q2 24
2.19×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
GSHD
GSHD
IOVA
IOVA
Operating Cash FlowLast quarter
$-52.6M
Free Cash FlowOCF − Capex
$-61.9M
FCF MarginFCF / Revenue
-71.3%
Capex IntensityCapex / Revenue
10.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-336.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GSHD
GSHD
IOVA
IOVA
Q1 26
Q4 25
$91.8M
$-52.6M
Q3 25
$24.2M
$-78.7M
Q2 25
$28.9M
$-67.4M
Q1 25
$15.5M
$-103.7M
Q4 24
$71.5M
$-73.3M
Q3 24
$28.1M
$-59.0M
Q2 24
$18.9M
$-98.4M
Free Cash Flow
GSHD
GSHD
IOVA
IOVA
Q1 26
Q4 25
$86.1M
$-61.9M
Q3 25
$23.7M
$-89.5M
Q2 25
$27.2M
$-74.9M
Q1 25
$14.9M
$-109.9M
Q4 24
$70.6M
$-77.5M
Q3 24
$28.0M
$-61.3M
Q2 24
$18.6M
$-98.9M
FCF Margin
GSHD
GSHD
IOVA
IOVA
Q1 26
Q4 25
81.8%
-71.3%
Q3 25
26.2%
-132.7%
Q2 25
28.9%
-124.9%
Q1 25
19.7%
-222.8%
Q4 24
75.1%
-105.1%
Q3 24
35.9%
-104.6%
Q2 24
23.9%
-317.9%
Capex Intensity
GSHD
GSHD
IOVA
IOVA
Q1 26
Q4 25
5.4%
10.7%
Q3 25
0.5%
16.1%
Q2 25
1.8%
12.4%
Q1 25
0.8%
12.6%
Q4 24
1.0%
5.7%
Q3 24
0.1%
3.9%
Q2 24
0.3%
1.4%
Cash Conversion
GSHD
GSHD
IOVA
IOVA
Q1 26
Q4 25
7.38×
Q3 25
3.06×
Q2 25
5.61×
Q1 25
6.61×
Q4 24
4.82×
Q3 24
3.72×
Q2 24
3.05×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

GSHD
GSHD

Renewal Royalty Fees (2)$43.6M47%
Renewal Commissions (1)$18.2M20%
Contingent Commissions (1)$10.7M11%
New Business Royalty Fees (2)$7.9M8%
New Business Commissions (1)$7.5M8%
Other$3.7M4%
Initial Franchise Fees (2)$1.6M2%

IOVA
IOVA

Amtagvi$64.9M75%
Proleukin$21.9M25%

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