Earnings ·
SelectQuote reports $280M revenue and $(17.0)M Adjusted EBITDA for first quarter of fiscal 2027
SLQTSelectQuote, Inc.
SelectQuote, Inc. reported consolidated revenue of $280.0 million for the first quarter ended September 30, 2026, a 15% decline from the prior year period, driven by Inflation Reduction Act impacts on Healthcare Services and strategic investments in its Senior segment ahead of the Annual Enrollment Period. The company posted a net loss of $20.3 million compared to a $30.5 million loss last year, while Adjusted EBITDA improved significantly to $(17.0) million from $(32.1) million. Healthcare Services Adjusted EBITDA rose 56% to $11.2 million despite revenue falling 16%, as profitability per member increased 60%. The company reiterated full-year fiscal 2027 guidance, expecting revenue between $1.35 billion and $1.45 billion and operating cash flow of more than $60 million. SelectQuote operates an ecosystem offering insurance, Medicare, pharmacy, and virtual care services.