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Income Taxes
 12 Months Ended
Dec. 31, 2025
Income Tax Disclosure [Abstract]  
Income Taxes INCOME TAXES
The Company is taxed as a corporation for income tax purposes and is subject to federal, state and local taxes on the income allocated to it from GHH, LLC based upon the Company’s economic interest in GHH, LLC. The Company is the sole managing member of GHH, LLC and, as a result, consolidates the financial results of GHH, LLC. GHH, LLC is a limited liability company taxed as a partnership for income tax purposes. As a partnership, GHH, LLC does not pay any federal income taxes, as income or loss is included in the tax returns of the individual members. In 2024, the Company acquired a 100% equity interest in e-TeleQuote Insurance, Inc. (“e-TeleQuote”) which is taxed as a corporation. Prior to April 1, 2023 certain of the Company’s wholly-owned entities were taxed as corporations. These corporations are subject to federal and state income taxes in the jurisdictions in which they operate. Additionally, the Company’s foreign subsidiaries are subject to foreign income taxes in the jurisdiction in which they operate. The accruals for such taxes are included in the Consolidated Financial Statements.
The components of income (loss) before income taxes are as follows:
Twelve months ended Dec. 31,
(in thousands)202520242023
Domestic$(500,179)$(5,365)$(151,321)
Foreign(911)313 205 
Income (loss) before income taxes$(501,090)$(5,052)$(151,116)
The components of income tax expense (benefit) are as follows:
Twelve months ended Dec. 31,
(in thousands)202520242023
Current income taxes:
Federal$61 $— $7 
State and local246 431 4 
Foreign109 118 140 
Total current income taxes416 549 151 
Deferred income taxes:
Federal(3,381)1,555 — 
State and local(113)163 — 
Foreign(257)— 3 
Total deferred income taxes(3,751)1,718 3 
Income tax (benefit) expense$(3,335)$2,267 $154 
A reconciliation of the statutory U.S. federal income tax rate to our effective income tax rate for the year ended December 31, 2025 is as follows:
Twelve months ended Dec. 31,
2025
U.S. statutory tax rate21.0 %$(105,421)
State taxes, net of the federal benefit(1)
1.2 %(6,120)
Nontaxable or nondeductible items
Loss attributable to non-controlling interests(9.8)%49,265 
Other(0.3)%1,494 
Change in valuation allowance(10.9)%54,867 
Effect of changes in tax laws or rates enacted in the current period(0.5)%2,338 
Foreign tax differences
0.0 %15 
Other0.0 %227 
Effective tax rate0.7 %(3,335)
(1)State taxes in Texas make up the majority of the tax effect in this category.



A reconciliation of the statutory U.S. federal income tax rate to our effective income tax rate for the years ended December 31, 2024 and 2023, respectively is as follows:
Twelve months ended Dec. 31
20242023
Expected U.S. federal income tax expense at statutory rate21.0 %21.0 %
State taxes, net of the federal benefit11.9 %1.2 %
Loss attributable to non-controlling interests(235.4)%(12.2)%
Change in valuation allowance(192.9)%0.8 %
Change in deferred tax rate(1.4)%(9.5)%
Bargain gain (1)
351.2 %0.0 %
Other0.7 %(1.4)%
Effective tax rate(44.9)%(0.1)%
(1) Related to the acquisition of e-TeleQuote,as further described in Note 15, Acquisitions.



The Company’s effective tax rate for the twelve months ended December 31, 2025, 2024, and 2023, was 0.7%, (44.9)% and (0.1)%, respectively. For the twelve months ended December 31, 2025, the effective tax rate was impacted by the loss attributable to non-controlling interest and change in valuation allowance. For the twelve months ended December 31, 2024, the effective tax rate was impacted by the loss attributable to non-controlling interest, change in valuation allowance and gain on bargain purchase. For the twelve months ended December 31, 2023, the effective tax rate was impacted by the change in deferred income tax rates, the loss attributable to non-controlling interest and change in valuation allowance.

The following table presents income taxes paid, net of refunds, for the year ended December 31, 2025:

(in thousands)2025
State$272 
Foreign - Slovakia160 
Cash paid for taxes$432 
In 2025, Slovakia was the only jurisdiction with cash taxes paid that equaled or exceeded 5% of total income taxes paid.
Deferred Taxes
The components of deferred tax assets and liabilities are as follows:
Dec. 31,
(in thousands)20252024
Deferred tax assets:
Basis in partnership investment$142,800 $130,292 
Net operating losses144,937 113,856 
Disallowed business interest25,999 16,305 
Accrued liabilities— 778 
Lease liabilities392 476 
Other872 953 
Total gross deferred tax assets315,000 262,660 
Valuation allowance(311,967)(258,641)
Total deferred tax assets, net of valuation allowance3,033 4,019 
Deferred tax liabilities:
Lease assets— (469)
Contract asset
(21,689)(25,900)
Total gross deferred tax liabilities(21,689)(26,369)
Net deferred tax liabilities
$(18,656)$(22,350)
As a result of the Transactions and the IPO, the Company acquired LLC Interests and has recognized a deferred tax asset for the difference between the financial reporting and tax basis of its investment in GHH, LLC. In addition, the Company increased its ownership in GHH, LLC during the years ended December 31, 2025 and 2024, primarily through the redemption of LLC Interests and the issuance of shares to the lenders (see Note 6 “Stockholders' Equity”). The Company recognized a reduction in deferred tax assets in the amount of $2.7 million for the year ended December 31, 2025 associated with the basis difference in
our investment in GHH, LLC upon acquiring these LLC Interests. As of December 31, 2025, the total deferred tax asset related to the basis difference in the Company's investment in GHH, LLC was $142.8 million.

The Company records valuation allowances against its deferred tax assets when it is more likely than not that all or a portion of a deferred tax asset will not be realized. The Company routinely evaluates the realizability of its deferred tax assets by assessing the likelihood that its deferred tax assets will be recovered based on all available positive and negative evidence, including scheduled reversals of deferred tax liabilities, estimates of future taxable income, tax planning strategies and results of operations. In projecting future taxable income, the Company considers its historical results and incorporates certain assumptions, including revenue growth and operating margins, among others. Based on the lack of sufficient sources of taxable income at GHH, LLC, the Company has concluded that its deferred tax assets will not be realized and has recorded a valuation allowance against all deferred tax assets as of December 31, 2025. As a corporation, e-TeleQuote separately assesses its ability to recover the deferred tax assets. At e-TeleQuote, there is a significant source of future taxable income from the reversal of the deferred contract asset. As such, the Company has determined that there is ample positive evidence to overcome the negative weight of cumulative losses. As such, valuation allowances have not been recorded against the deferred tax assets of e-TeleQuote.
As of December 31, 2025, the Company had gross U.S. federal net operating loss carryforwards and state tax net operating loss carryforwards of $585.1 million and $412.1 million, respectively. As of December 31, 2024, the Company had gross U.S. federal net operating loss carryforwards and state tax net operating loss carryforwards of $454.8 million and $341.7 million, respectively. The U.S. federal net operating losses can be carried forward indefinitely as they were generated after 2017. Certain state tax net operating loss carryforwards will begin to expire in 2026. As of both December 31, 2025 and December 31, 2024, the Company had U.S. federal credits and incentives of $0.5 million.
Uncertain Tax Positions
There were no reserves for uncertain tax positions as of December 31, 2025 and 2024. GoHealth, Inc. was formed in March of 2020 and did not engage in any operations prior to the Transactions and the IPO. GoHealth, Inc. filed its first tax returns for the tax year 2020 in 2021, which is the first tax year subject to examination by taxing authorities for U.S. federal and state income tax purposes. Additionally, although GHH, LLC is treated as a partnership for U.S. federal and state income tax purposes, it is still required to file an annual U.S. Return of Partnership Income, which is subject to examination by taxing authorities for U.S. federal and state income tax purposes. The statute of limitations has expired for tax years through 2021 for GHH, LLC and Creatix, Inc.
Tax Receivable Agreement
Pursuant to the Company’s election under Section 754 of the Code, the Company expects to obtain an increase in its share of the tax basis in the net assets of GHH, LLC when LLC Interests are redeemed or exchanged by the Continuing Equity Owners. The Company intends to make an election under Section 754 of the Code for each taxable year in which a redemption or exchange of LLC Interest occurs. The Company intends to treat any redemptions and exchanges of LLC Interests by the Continuing Equity Owners as direct purchases of LLC Interests for U.S. federal income tax purposes. These increases in tax basis may reduce the amounts that the Company would otherwise pay in the future to various tax authorities. They may also decrease gains (or increase losses) on future dispositions of certain capital assets to the extent tax basis is allocated to those capital assets.
In connection with the IPO, the Company entered into the Tax Receivable Agreement with GHH, LLC, the Continuing Equity Owners and the Blocker Shareholders that will provide for the payment by the Company to the Continuing Equity Owners and the Blocker Shareholders of 85% of the amount of tax benefits, if any, that the Company actually realizes (or in some circumstances is deemed to realize) as a result of (1) the Company’s allocable share of existing tax basis acquired in connection with the Transactions (including the Blocker Company’s share of existing tax basis) and increases to such allocable share of existing tax basis; (2) increases in tax basis resulting from (a) the Company’s purchase of LLC Interests directly from GHH, LLC and the partial redemption of LLC Interests by GHH, LLC, (b) future redemptions or exchanges (or deemed exchanges in certain circumstances) of LLC Interests for Class A common stock or cash, and (c) certain distributions (or deemed distributions) by GHH, LLC; and (3) certain additional tax benefits arising from payments made under the Tax Receivable Agreement. The Company may benefit from the remaining 15% of any tax benefits that the Company actually realizes.
The amounts payable under the Tax Receivable Agreement will vary depending upon a number of factors, including the amount, character and timing of the taxable income of the Company in the future. As of December 31, 2025 and December 31, 2024, the Company determined that a $1.3 million and $1.1 million liability related to the Tax Receivable Agreement arose from the Transactions, respectively. Should the Company determine that any additional Tax Receivable Agreement liability is considered probable at a future date based on new information, any changes will be recorded within earnings at that time.