SelectQuote Files Q2 2025 10-Q
Ticker: SLQT · Form: 10-Q · Filed: Feb 10, 2025 · CIK: 1794783
| Field | Detail |
|---|---|
| Company | Selectquote, Inc. (SLQT) |
| Form Type | 10-Q |
| Filed Date | Feb 10, 2025 |
| Risk Level | medium |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, quarterly-report, financials
TL;DR
**SelectQuote Q2 2025 10-Q filed. Check financials.**
AI Summary
SelectQuote, Inc. filed its 10-Q for the period ending December 31, 2024. The filing covers the second quarter of their fiscal year. Key financial data and operational details for the period are presented, with comparisons to prior periods.
Why It Matters
This filing provides investors with an update on SelectQuote's financial performance and operational status for the second quarter of fiscal year 2025, crucial for understanding the company's trajectory.
Risk Assessment
Risk Level: medium — The filing is a routine quarterly report, but the insurance industry can be subject to regulatory changes and market volatility.
Key Players & Entities
- SelectQuote, Inc. (company) — Filer of the 10-Q
- 2024-12-31 (date) — End of the reporting period
- 2025-02-10 (date) — Filing date
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is December 31, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on February 10, 2025.
What is SelectQuote, Inc.'s fiscal year end?
SelectQuote, Inc.'s fiscal year ends on June 30.
What is the SIC code for SelectQuote, Inc.?
The Standard Industrial Classification (SIC) code for SelectQuote, Inc. is 6411, which corresponds to INSURANCE AGENTS BROKERS & SERVICES.
What is the SEC file number for SelectQuote, Inc.?
The SEC file number for SelectQuote, Inc. is 001-39295.
Filing Stats: 4,558 words · 18 min read · ~15 pages · Grade level 16.7 · Accepted 2025-02-10 17:23:09
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 per share SLQT New York Stock Exchange
Filing Documents
- slqt-20241231.htm (10-Q) — 1889KB
- exhibit311to10-q2q2025.htm (EX-31.1) — 9KB
- exhibit312to10-q2q2025.htm (EX-31.2) — 9KB
- exhibit321to10-q2q2025.htm (EX-32.1) — 4KB
- exhibit322to10-q2q2025.htm (EX-32.2) — 4KB
- 0001794783-25-000009.txt ( ) — 10238KB
- slqt-20241231.xsd (EX-101.SCH) — 58KB
- slqt-20241231_cal.xml (EX-101.CAL) — 108KB
- slqt-20241231_def.xml (EX-101.DEF) — 349KB
- slqt-20241231_lab.xml (EX-101.LAB) — 793KB
- slqt-20241231_pre.xml (EX-101.PRE) — 597KB
- slqt-20241231_htm.xml (XML) — 1803KB
FINANCIAL INFORMATION PAGE
PART I FINANCIAL INFORMATION PAGE
Financial Statements (unaudited)
Item 1. Financial Statements (unaudited) Condensed Consolidated Balance Sheets as of December 31, 2024 and June 30, 2024 2 Condensed Consolidated Statements of Comprehensive Income (Loss) for the Three and Six Months Ended December 31, 2024 and 2023 3 Condensed Consolidated Statements of Changes in Shareholders' Equity for the Three and Six Months Ended December 31, 2024 and 2023 4 Condensed Consolidated Statements of Cash Flows for the Six Months Ended December 31, 2024 and 2023 6 Notes to Condensed Consolidated Financial Statements 7
Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 34
Quantitative and Qualitative Disclosures About Market Risk
Item 3. Quantitative and Qualitative Disclosures About Market Risk 53
Controls and Procedures
Item 4. Controls and Procedures 53
OTHER INFORMATION
PART II OTHER INFORMATION
Legal Proceedings
Item 1. Legal Proceedings 54
Risk Factors
Item 1A. Risk Factors 54
Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 54
Defaults Upon Senior Securities
Item 3. Defaults Upon Senior Securities 54
Mine Safety Disclosures
Item 4. Mine Safety Disclosures 54
Other Information
Item 5. Other Information 54
Exhibits
Item 6. Exhibits 55
Signatures
Signatures 56 Table of Contents PART I FINANCIAL INFORMATION
FINANCIAL STATEMENTS
ITEM 1. FINANCIAL STATEMENTS SELECTQUOTE, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (In thousands) December 31, 2024 June 30, 2024 ASSETS CURRENT ASSETS: Cash and, cash equivalents, and restricted cash $ 12,104 $ 42,690 Accounts receivable, net of allowances of $ 12.1 million and $ 8.2 million, respectively 115,795 150,035 Commissions receivable-current 224,787 119,871 Other current assets 19,686 20,327 Total current assets 372,372 332,923 COMMISSIONS RECEIVABLE—Net 812,037 761,446 PROPERTY AND EQUIPMENT—Net 16,257 18,973 SOFTWARE—Net 14,127 13,978 OPERATING LEASE RIGHT-OF-USE ASSETS 22,002 23,437 INTANGIBLE ASSETS—Net 8,130 10,194 GOODWILL 29,438 29,438 OTHER ASSETS 4,804 3,519 TOTAL ASSETS $ 1,279,167 $ 1,193,908 LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ 87,165 $ 36,587 Accrued expenses 12,617 16,904 Accrued compensation and benefits 55,666 57,594 Operating lease liabilities—current 4,981 4,709 Current portion of long-term debt 27,577 45,854 Contract liabilities 954 8,066 Other current liabilities 5,440 4,873 Total current liabilities 194,400 174,587 LONG-TERM DEBT, NET—less current portion 684,284 637,480 DEFERRED INCOME TAXES 31,868 37,478 OPERATING LEASE LIABILITIES 23,539 25,685 OTHER LIABILITIES 19,074 1,877 Total liabilities 953,165 877,107 COMMITMENTS AND CONTINGENCIES (Note 9) SHAREHOLDERS' EQUITY: Common stock, $ 0.01 par value 1,721 1,694 Additional paid-in capital 585,360 580,764 Accumulated deficit ( 261,079 ) ( 269,769 ) Accumulated other comprehensive income (loss) — 4,112 Total shareholders' equity 326,002 316,801 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 1,279,167 $ 1,193,908 See accompanying notes to the condensed consolidated financial statements. Table of Contents SELECTQUOTE, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) (In thousands) Three Months Ended December