SelectQuote, Inc. filed a Form 10-Q with the SEC on November 4, 2026, covering the quarterly period ended September 30, 2026, reporting a net loss of $20,301 thousand for the three months ended on that date.

Key Highlights

  • Total revenue: SelectQuote reported total revenue of $280,007 thousand for the three months ended September 30, 2026, compared with $328,811 thousand in the same period a year earlier.
  • Net loss: The company recorded a net loss of $20,301 thousand for the quarter, narrowed from a net loss of $30,459 thousand in the prior-year period.
  • Loss from operations: Operating loss was $28,587 thousand, compared with $40,746 thousand in the three months ended September 30, 2025.
  • Net loss attributable to common shareholders: After deducting $20,161 thousand in Senior Non-Convertible Preferred Stock accumulated dividends and accretion, net loss attributable to common shareholders was $40,462 thousand, or $0.21 per basic and diluted share.
  • Total assets: Total assets stood at $1,251,984 thousand as of September 30, 2026, down from $1,286,828 thousand as of June 30, 2026.
  • Shares outstanding: 179,420,695 shares of common stock were issued and outstanding as of September 30, 2026, according to the balance sheet.
  • Preferred stock liquidation preference: The Senior Non-Convertible Preferred Stock carried a current liquidation preference of $438.6 million as of September 30, 2026.

SelectQuote's Revenue Segments and Financial Position in the September 2026 Quarter

According to the filing, SelectQuote operates across two revenue-generating lines: commissions and other services, which contributed $95,963 thousand, and pharmacy, which contributed $184,044 thousand, for the three months ended September 30, 2026. Both segments declined from the prior-year quarter, when commissions and other services were $110,267 thousand and pharmacy was $218,544 thousand, the filing disclosed.

The company reported total operating costs and expenses of $308,594 thousand for the quarter, resulting in a loss from operations of $28,587 thousand. Net interest expense was $10,966 thousand, while a change in the fair value of warrants contributed a gain of $12,573 thousand, the filing stated. After an income tax benefit of $6,216 thousand, the net loss came to $20,301 thousand. The filing is listed on NYSE:SLQT.

On the balance sheet as of September 30, 2026, the company reported shareholders' equity of $312,963 thousand, down from $351,812 thousand at June 30, 2026, reflecting the net loss and preferred stock dividend and accretion charges recorded during the quarter. Long-term debt, net of current portion, was $364,255 thousand, and commissions receivable, both current and non-current, totaled $1,007,202 thousand in aggregate, according to the filing.

What Was Disclosed

SelectQuote filed its Form 10-Q for the quarterly period ended September 30, 2026, reporting a net loss of $20,301 thousand, total revenue of $280,007 thousand, and total assets of $1,251,984 thousand, with 179,420,695 common shares issued and outstanding as of that date.