SelectQuote, Inc.
Business
SelectQuote, Inc. is a technology-enabled, direct-to-consumer insurance distribution platform that sells senior health, life, and auto & home insurance policies through carrier partnerships, earning commissions on approved policies. The company also offers pharmacy services, chronic care management, and health navigation to seniors. SelectQuote operates four reportable segments—Senior, Life, Auto & Home, and Healthcare Services—using proprietary AI-driven lead acquisition and agent-based sales across digital marketing, television, radio, and third-party channels.
Summary from 10-K filed 2025-08-21
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-06-30 | FY 2024 2024-06-30 | FY 2023 2023-06-30 | FY 2022 2022-06-30 | FY 2021 2021-06-30 |
|---|---|---|---|---|---|---|
| Total revenue | 1,527 | 1,322 | 1,003 | 764 | 930 | |
| Cost of commissions and other services revenue | 305 | 319 | 302 | 392 | 269 | |
| Cost of goods soldpharmacy revenue | 630 | 405 | 226 | 64 | 2 | |
| Marketing and advertising | 320 | 359 | 301 | 484 | 385 | |
| Selling, general, and administrative | 164 | 141 | 137 | 101 | 63 | |
| Technical development | 39 | 34 | 26 | 25 | 19 | |
| Total operating costs and expenses | 1,458 | 1,257 | 991 | 1,110 | 738 | |
| INCOME FROM OPERATIONS | 68 | 65 | 12 | −346 | 192 | |
| INTEREST EXPENSE, NET | −79 | −94 | −81 | 44 | — | |
| CHANGE IN FAIR VALUE OF WARRANTS | 60 | 0 | 0 | — | — | |
| OTHER EXPENSE, NET | −128,000 | −65,000 | −121,000 | −202,000 | −2 | |
| INCOME (LOSS) BEFORE INCOME TAX EXPENSE (BENEFIT) | 49 | −29 | −69 | −390 | 158 | |
| INCOME TAX EXPENSE (BENEFIT) | 931,000 | 5 | −11 | −92 | 33 | |
| NET INCOME (LOSS) | 48 | −34 | −59 | −298 | 125 | |
| Senior Non-Convertible Preferred Stock accumulated dividends and accretion | −23 | 0 | 0 | — | — | |
| NET INCOME (LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS | 25 | −34 | −59 | — | — | |
| Basic (in dollars per share) | 0.14 | −0.2 | −0.35 | −1.81 | 0.77 | |
| Diluted (in dollars per share) | 0.01 | −0.2 | −0.35 | −1.81 | 0.75 | |
| Basic (in shares) | 176 | 169 | 166 | 164 | 163 | |
| Diluted (in shares) | 182 | 169 | 166 | 164 | 166 | |
| Change in cash flow hedge | −4 | −10 | 2 | 11 | 1 | |
| OTHER COMPREHENSIVE INCOME (LOSS) | −4 | −10 | 2 | 11 | 1 | |
| COMPREHENSIVE INCOME (LOSS) | 43 | −44 | −57 | −286 | 126 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-06-30 | FY 2024 2024-06-30 | FY 2023 2023-06-30 | FY 2022 2022-06-30 | FY 2021 2021-06-30 |
|---|---|---|---|---|---|---|
| Cash, cash equivalents, and restricted cash | 36 | 43 | — | — | — | |
| Accounts receivable, net of allowances of $11.8 million and $8.2 million, respectively | 151 | 150 | 155 | 130 | 103 | |
| Commissions receivable-current | 132 | 120 | 111 | 116 | 89 | |
| Other current assets | 22 | 20 | 14 | 16 | 4 | |
| Total current assets | 341 | 333 | 363 | 403 | 483 | |
| COMMISSIONS RECEIVABLENet | 819 | 761 | 729 | 722 | 757 | |
| PROPERTY AND EQUIPMENTNet | 15 | 19 | 27 | 42 | 30 | |
| SOFTWARENet | 15 | 14 | 15 | 16 | 13 | |
| OPERATING LEASE RIGHT-OF-USE ASSETS | 25 | 23 | 24 | 28 | 31 | |
| INTANGIBLE ASSETSNet | 2 | 10 | 10 | 31 | 41 | |
| GOODWILL | 29 | 29 | 29 | 29 | 68 | |
| OTHER ASSETS | 4 | 4 | 22 | 18 | 1 | |
| TOTAL ASSETS | 1,249 | 1,194 | 1,219 | 1,290 | 1,424 | |
| Accounts payable | 59 | 37 | 28 | 25 | 34 | |
| Accrued expenses | 14 | 17 | 17 | 26 | 21 | |
| Accrued compensation and benefits | 59 | 58 | 50 | 42 | 41 | |
| Operating lease liabilitiescurrent | 5 | 5 | 5 | 5 | 5 | |
| Current portion of long-term debt | 69 | 46 | 34 | 7 | 2 | |
| Contract liabilities | 698,000 | 8 | 2 | 3 | — | |
| Other current liabilities | 7 | 5 | 2 | 5 | 6 | |
| Total current liabilities | 213 | 175 | 137 | 114 | 109 | |
| LONG-TERM DEBT, NETless current portion | 317 | 637 | 665 | 698 | 459 | |
| DEFERRED INCOME TAXES | 38 | 37 | 40 | 50 | 139 | |
| OPERATING LEASE LIABILITIES | 26 | 26 | 28 | 34 | 38 | |
| OTHER LIABILITIES | 80 | 2 | 3 | 3 | 12 | |
| Total liabilities | 674 | 877 | 872 | 899 | 757 | |
| COMMITMENTS AND CONTINGENCIES (Note 12) | — | — | — | — | — | |
| Senior Non-Convertible Preferred Stock, $0.01 par value, 350,000 shares and no shares issued and outstanding as of June 30, 2025 and June 30, 2024, respectively, current liquidation preference of $367.1 million and $0.0 million as of June 30, 2025 and June 30, 2024, respectively | 224 | 0 | — | — | — | |
| Common stock, $0.01 par value700,000,000 shares authorized; 172,816,730 and 169,384,757 shares issued and outstanding as of June 30, 2025 and 2024, respectively | 2 | 2 | 2 | 2 | 2 | |
| Additional paid-in capital | 572 | 581 | 567 | 555 | 545 | |
| Accumulated deficit | −222 | −270 | −236 | −177 | 120 | |
| Accumulated other comprehensive income | 0 | 4 | 14 | 12 | 229,000 | |
| Total shareholders equity | 351 | 317 | 347 | 391 | 667 | |
| TOTAL LIABILITIES, PREFERRED STOCK, AND SHAREHOLDERS EQUITY | 1,249 | 1,194 | 1,219 | 1,290 | 1,424 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-06-30 | FY 2024 2024-06-30 | FY 2023 2023-06-30 | FY 2022 2022-06-30 | FY 2021 2021-06-30 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 20 | 25 | 28 | 25 | 16 | |
| Loss on disposal of property, equipment, and software | 240,000 | 536,000 | 754,000 | 1 | 686,000 | |
| Impairment of long-lived assets | 4 | 0 | 17 | 3 | 0 | |
| Share-based compensation expense | 18 | 14 | 11 | 7 | 5 | |
| Deferred income taxes | 2 | 1 | −11 | −93 | 33 | |
| Amortization of debt issuance costs and debt discount | 5 | 6 | 9 | 6 | 3 | |
| Write-off of debt issuance costs | 93,000 | 293,000 | 710,000 | 0 | 3 | |
| Accrued interest payable in kind | 14 | 20 | 12 | 0 | 0 | |
| Non-cash lease expense | 4 | 2 | 4 | 4 | 4 | |
| Bad debt expense | 4 | 0 | 0 | — | — | |
| Accounts receivable, net | −6 | 5 | −25 | −26 | −20 | |
| Commissions receivable | −70 | −41 | −2 | 7 | −333 | |
| Other assets | −6 | −2 | 169,000 | −11 | 5 | |
| Accounts payable and accrued expenses | 19 | 7 | −4 | −4 | 20 | |
| Operating lease liabilities | −5 | −5 | −6 | −5 | −4 | |
| Other liabilities | −5 | 16 | 3 | 401,000 | 26 | |
| Net cash provided by (used in) operating activities | −12 | 15 | −19 | −338 | −115 | |
| Purchases of property and equipment | −2 | −3 | −1 | −25 | −15 | |
| Proceeds from sales of property and equipment | 0 | 253,000 | 0 | 0 | 0 | |
| Purchases of software and capitalized software development costs | −9 | −8 | −8 | −10 | −8 | |
| Acquisition of business | 0 | −3 | 0 | −7 | −41 | |
| Net cash used in investing activities | −11 | −15 | −9 | −43 | −64 | |
| Proceeds from Revolving Credit Facility | 167 | 0 | 0 | 50 | 0 | |
| Payments on Revolving Credit Facility | −167 | 0 | 0 | −50 | 0 | |
| Payments on Term Loans | −388 | −39 | −18 | −4 | −84 | |
| Proceeds on ABS Notes | 99 | 0 | 0 | — | — | |
| Payments on ABS Notes | −17 | 0 | 0 | — | — | |
| Payments on other debt | −312,000 | −149,000 | −158,000 | −184,000 | −251,000 | |
| Proceeds from common stock options exercised and employee stock purchase plan | 98,000 | 81,000 | 1 | 3 | 2 | |
| Proceeds from issuance of Senior Non-Convertible Preferred Stock | 338 | 0 | 0 | — | — | |
| Senior Non-Convertible Preferred Stock issuance costs | −7 | 0 | 0 | — | — | |
| Payments of tax withholdings related to net share settlement of equity awards | −5 | −374,000 | −40,000 | −148,000 | −10 | |
| Payments of debt issuance costs | −2 | −2 | −10 | −328,000 | −885,000 | |
| Payment of acquisition holdback | 0 | 0 | −2 | −6 | 0 | |
| Net cash provided by (used in) financing activities | 17 | −41 | −29 | 235 | 97 | |
| NET DECREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | −6 | −40 | −58 | −145 | −82 | |
| Interest paid, net | −61 | −67 | −59 | −38 | −26 | |
| Payment of income taxes, net | −3 | −594,000 | −306,000 | −169,000 | −214,000 | |
| Capital expenditures in accounts payable and accrued expenses | 586,000 | 2 | 273,000 | 655,000 | 444,000 | |
| Issuance of liability-classified warrants | 138 | 0 | 0 | — | — | |
| Senior Non-Convertible Preferred Stock accretion | 5 | 0 | 0 | — | — | |
| Senior Non-Convertible Preferred Stock accumulated dividends | 17 | 0 | 0 | — | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is SelectQuote, Inc.'s CIK number?
SelectQuote, Inc.'s SEC CIK number is 0001794783 (1794783). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find SelectQuote, Inc.'s SEC filings?
All of SelectQuote, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did SelectQuote, Inc. last report earnings?
SelectQuote, Inc. (SLQT) most recently filed an earnings 8-K with the SEC on May 5, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001794783-26-000027). This is SelectQuote, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is SelectQuote, Inc.'s most recent earnings 8-K?
SelectQuote, Inc.'s latest earnings 8-K (Item 2.02) was filed May 5, 2026 under accession 0001794783-26-000027. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View SelectQuote, Inc.'s latest earnings 8-K →
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