SelectQuote, Inc. SLQT
SelectQuote, Inc. (together with its subsidiaries, "SelectQuote", the "Company", "we", "us") is a leading technology-enabled, direct-to-consumer ("DTC") distribution and engagement platform for selling insurance policies and healthcare services.
In recent years, we have increasingly focused on expanding our healthcare services platform as a natural extension of our core Senior distribution insurance business. This strategic shift reflects our prioritization of higher-growth opportunities in areas such as pharmacy services. At the same time, we have de-emphasized production within our Auto & Home distribution insurance business, which no longer represents a core area of focus. Our strategy is focused on delivering more comprehensive and personalized healthcare solutions that meet the evolving needs of our senior customers.
Valuation FY2026 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.62B | $1.53B | $1.32B | $1.00B | $764.0M | $930.0M | $529.3M | $337.5M | $233.7M | — |
| Cost of revenue | $730.7M | $630.3M | $405.0M | $226.0M | $64.2M | $1.6M | $167.4M | $104.4M | $83.3M | — |
| Gross profit | $887.8M | $896.3M | $916.8M | $776.9M | $699.9M | $928.3M | $361.9M | $233.0M | $150.3M | — |
| SG&A | $149.0M | $164.4M | $141.0M | $136.5M | $100.9M | $63.1M | $35.3M | $18.2M | $15.2M | — |
| Total operating expenses | $1.54B | $1.46B | $1.26B | $991.3M | $1.11B | $709.7M | $377.5M | $232.2M | $183.8M | — |
| Operating income | $73.9M | $68.5M | $64.5M | $11.6M | -$346.0M | $192.2M | $130.2M | $96.3M | $43.2M | — |
| Interest expense | $44.5M | $79.4M | $93.6M | $80.6M | $43.6M | $29.3M | $24.6M | $1.7M | $929.0K | — |
| Pre-tax income | $76.3M | $48.5M | -$29.1M | -$69.1M | -$389.8M | $158.0M | $104.0M | $94.6M | $41.5M | — |
| Income tax | $14.1M | $931.0K | $5.1M | $10.6M | $92.3M | $33.2M | $24.5M | $22.0M | $6.6M | — |
| Net income | $62.2M | $47.6M | -$34.1M | -$58.5M | -$297.5M | $124.9M | $79.5M | $72.6M | $34.9M | — |
| EPS, basic | -0.06 | 0.14 | -0.20 | -0.35 | -1.81 | 0.77 | -0.18 | 0.70 | 0.27 | — |
| EPS, diluted | -0.06 | 0.01 | -0.20 | -0.35 | -1.81 | 0.75 | -0.18 | 0.55 | 0.23 | — |
| Shares, diluted (wtd. avg.) | 188.2M | 181.9M | 168.5M | 166.1M | 164.0M | 165.5M | 97.5M | 132.5M | 96.4M | — |
Balance sheet
| Fiscal year | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $16.0M | $32.4M | $42.7M | $83.2M | $141.0M | $286.5M | $368.9M | $570.0K | $958.0K | $342.0K |
| Inventory | — | — | $8.8M | $5.6M | $5.8M | $176.0K | — | — | — | — |
| Total current assets | $350.9M | $341.0M | $332.9M | $363.2M | $402.8M | $483.4M | $513.8M | $103.0M | — | — |
| Property, plant and equipment | — | — | — | — | — | — | $22.1M | $13.8M | — | — |
| Goodwill | $29.4M | $29.4M | $29.4M | $29.1M | $29.1M | $68.0M | $46.6M | $5.4M | — | — |
| Other intangibles | $839.0K | $2.0M | $10.2M | $10.2M | $31.3M | $40.7M | $19.7M | $218.0K | — | — |
| Total assets | $1.29B | $1.25B | $1.19B | $1.22B | $1.29B | $1.42B | $1.07B | $406.9M | — | — |
| Accounts payable | $74.0M | $59.2M | $36.6M | $27.6M | $24.8M | $34.1M | $22.9M | $7.6M | — | — |
| Short-term debt | $22.0M | $68.5M | $45.9M | $33.9M | $7.2M | $2.4M | — | — | — | — |
| Total current liabilities | $192.6M | $212.9M | $174.6M | $137.3M | $113.5M | $108.8M | $95.8M | $33.2M | — | — |
| Long-term debt | $348.2M | $316.6M | $637.5M | $664.6M | $698.4M | $459.0M | $311.8M | $11.0M | — | — |
| Total liabilities | $636.8M | $673.8M | $877.1M | $872.3M | $898.9M | $756.8M | $528.1M | $143.7M | — | — |
| Retained earnings | -$160.0M | -$222.2M | -$269.8M | -$235.6M | -$177.1M | $120.4M | -$2.8M | $200.4M | — | — |
| Total equity | $351.8M | $351.1M | $316.8M | $347.0M | $391.1M | $667.0M | $544.0M | $262.5M | $187.1M | $153.9M |
Cash flow
| Fiscal year | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $31.9M | -$11.7M | $15.2M | -$19.4M | -$338.3M | -$115.4M | -$61.8M | $113.0K | -$4.8M | — |
| Depreciation and amortisation | $17.5M | $20.5M | $25.0M | $27.9M | $24.7M | $16.1M | $8.0M | $4.7M | $3.5M | — |
| Stock-based compensation | $14.9M | $18.4M | $13.8M | $11.3M | $7.1M | $5.2M | $9.5M | $86.0K | $67.0K | — |
| Capital expenditure | $4.3M | $2.2M | $3.4M | $1.4M | $24.8M | $14.9M | $9.4M | $3.9M | $5.4M | — |
| Investing cash flow | -$16.1M | -$11.3M | -$14.8M | -$9.1M | -$42.6M | -$64.0M | -$51.4M | -$8.6M | -$6.0M | — |
| Financing cash flow | -$31.1M | $17.4M | -$40.9M | -$29.3M | $235.4M | $97.0M | $481.4M | $8.1M | $11.5M | — |
| Dividends paid | — | — | — | — | $0 | $0 | $275.0M | $2.0M | $1.9M | — |
| Buybacks | — | — | — | — | — | $0 | $0 | $34.0K | $441.0K | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001794783-26-000057.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $233.7M | $337.5M | $529.3M | $930.0M | $764.0M | $1.00B | $1.32B | $1.53B | $1.62B |
| Gross profit | — | $150.3M | $233.0M | $361.9M | $928.3M | $699.9M | $776.9M | $916.8M | $896.3M | $887.8M |
| Net income | — | $34.9M | $72.6M | $79.5M | $124.9M | -$297.5M | -$58.5M | -$34.1M | $47.6M | $62.2M |
Recent filings and events
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Results announced Item 2.02
- Delisting notice The exchange has told the company it no longer meets the rules for staying listed - usually price, market cap, or filings that are late. Item 3.01
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Results announced Item 2.02
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Material agreement terminated An agreement that mattered has ended. Often the other half of a deal that fell through. Item 1.02
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Regulation FD disclosure Item 7.01
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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