SelectQuote, Inc. (SLQT) Stock Analysis

Price updated yesterday · SEC data refreshed 3 months ago ⓘ · Not investment advice

SelectQuote, Inc.

SLQT Financial Services Insurance Brokers📄 SEC filings ↗ CUSIP 816307300
Valuation N/A
Long-term trend (200d) 69% below 200-day Risk 40/100 Elevated
▾ What's in the 40/100 risk score? (higher = riskier)
Fundamental health (43%) 40/100 → +17.1
leverage 40/100 · Altman Z not scored — input unavailable (see Financial Health)
Smart money (short interest + insider buying) (31%) 31/100 → +9.7
Macro backdrop (VIX, curve, credit, fear/greed + week-over-week momentum) (26%) 50/100 → +12.9
Total40/100

Contributions (weight × component score) sum to the total. This near-term score now includes fundamental health (leverage, FCF trend). It excludes the Altman Z score, whose retained-earnings input this filer does not report separately. See the Financial Health section for the full balance-sheet read.

💵 Price $0.49 · yesterday 📄 Financials SEC EDGAR · refreshed 3 months ago
📍 START HERE

How to read SLQT

We are not publishing an intrinsic value for this one — the section below says exactly why. Everything on this page that comes straight from the filings and the tape is still here; treat the missing valuation as a known gap, not as a verdict on the business.

Where to start — the sections that matter most for this stock
  1. 1 Reported earnings & margins ↓
    What the company actually reported — unaffected by the valuation being held.
  2. 2 Balance sheet & book value ↓
    Assets, liabilities and equity as filed.
  3. 3 Who's selling & betting against it ↓
    Insider and short-interest behaviour needs no valuation model.
Or — what are you trying to decide?
A note on process: fear-driven decisions — including fear of missing out — tend to be the expensive ones. A stock up 10% a day for three days is excitement, not evidence. Whichever reader you are, the data below is there to be checked before anything is decided.
🚀
"It's surging — should I chase it?"
The momentum / FOMO trade. Before you chase, see whether the people who know it best are quietly selling into the rally.
🏷️
"Is it a cheap bargain?"
The deep-value trade. How far below assets and our value it trades — and whether it's cheap for a reason.
ⓘ Foreign filer — financials appear to be reported in a non-U.S. currency

SLQT looks like a foreign company (ADR) whose SEC filings are denominated in its home currency, while the share price is in U.S. dollars. Mixing the two would produce a meaningless dollar fair-value, so we suppress the single intrinsic-value number rather than show a wrong one.

What to use instead: the growth trends, margins and ratios below (which are currency-independent), the peer comparison, and the company's own filings. A currency-converted valuation is on our roadmap.

ⓘ Why does SLQT trade at $0.49?

SelectQuote, Inc. has 181.9 million shares outstanding. At $0.49 per share, the market values all outstanding SLQT equity at $90 million. That's market capitalization, not enterprise value — enterprise value also accounts for debt and cash — and it matters here because SLQT carries substantial debt. The share price by itself tells you almost nothing — a company can pick any share price by splitting or issuing more shares. What matters is the total value (Market Cap?Market Cap — The total dollar value the market is assigning to the entire company.
Why it matters: This is the number that actually matters when comparing companies. Two companies with the same business but different share counts have the same market cap.
Reference: Mega cap >$200B · Large $10–200B · Mid $2–10B · Small $300M–2B · Micro <$300M
Full explanation →) compared to what the business actually produces. This page values SLQT in Per Share?Per Share — A company-level figure divided by total shares — what one share represents.
Why it matters: Per-share metrics are the only way to fairly compare two companies with different share counts.
Full explanation → economics — what each share represents of the underlying business. Play with the share-price calculator on the homepage →

Loading insider & short-seller data…
Checking filings for failure warnings…
PEER BASKET — TIGHT COMPARABLES

How does SLQT stack up against its closest peers?

We take the 7 same-industry companies most similar to SLQT (similar size) and check what investors are paying for each dollar of their revenue (or profits). If SLQT is much more expensive on the same yardstick, that's a red flag — unless you have a specific reason it deserves a premium. For a leveraged business, EV/EBIT and FCF yield (both in the table) are usually more reliable than EV/Sales, because revenue multiples ignore differences in margins and debt.

▾ What's "EV / Sales" in plain English?

EV (Enterprise Value) = market cap + total debt − cash. It's "what you'd pay to buy the entire company outright" — you pay the market cap to shareholders and take over their debt, but you keep their cash. EV is fairer than market cap alone because it includes the debt the new owner inherits.

EV / Sales = EV ÷ annual revenue. So "2.5×" means investors pay $2.50 of enterprise value per $1 of yearly sales. Higher = market is paying more per dollar of sales (usually because they expect future growth or fat margins).

p25 / median / p75 are the 25th, 50th (middle), and 75th percentile of the peers' multiples. Half the peers fall between p25 and p75. The median (p50) is the typical peer — that's the benchmark we compare to.

What peers trade at (p25 / median / p75)
EV / Sales?EV / Sales — For every $1 of yearly revenue, this is how many dollars investors pay to own the whole business (including debt).
Why it matters: Works for pre-profit growth companies where P/E and FCF don't apply. The most apples-to-apples cross-company multiple because it ignores accounting choices.
Reference: 1–3x for mature companies · 4–10x for software/SaaS · 10–20x for hypergrowth · >20x is rare and demanding
Full explanation →		 0.3x / 0.7x / 1.5x
EV / Gross Profit?EV / Gross Profit — Enterprise value divided by gross profit — the multiple paid for what each dollar of sales contributes after direct costs.
Why it matters: More refined than EV/Sales for high-margin businesses (software, marketplaces) where gross margin is the real economic engine.
Reference: 8–15x for SaaS · 15–25x for hypergrowth software · >30x demanding
Full explanation →		 0.7x / 1.8x / 2.7x

Bold middle number = median peer. Half the peers trade above it, half below. Computed over 7 same-industry peers; implausible multiples excluded.

Peer-implied value check
$4.11
If SLQT traded at the typical (median) peer's EV/Sales multiple, the share price would be about $4.11.
Plain English: the stock currently trades at $0.49. That's 88.0% LESS than peer multiples imply — the stock looks cheap vs peers. Either an opportunity, or the market sees something wrong with this name that doesn't apply to peers.

⚠️ Important caveat: peer multiples only work if the peers are genuinely comparable. Always check the peer list below — if the auto-picker grabbed micro-caps or unrelated businesses, the comparison is noise. A medical-device giant priced against tiny biotech startups won't produce a useful signal.

▾ View peer list (8)
Ticker Company Industry Mcap EV/Sales EV/GPEV/EBIT FCF Yield
HIT Health In Tech, Inc. Insurance Brokers $57M 1.5x 2.7x— 2.7%
RDZN Roadzen Inc. Insurance Brokers $150M 3.4x —— 6.4%
CCG Cheche Group Inc. Insurance Brokers $50M — —— —
EHTH eHealth, Inc. Insurance Brokers $49M 0.3x 0.7x2.4x 47.1%
ZBAO Zhibao Technology Inc. Insurance Brokers $29M 0.1x 1.8x— 90.3%
TWFG TWFG, Inc. Insurance Brokers $283M 1.1x —7.7x 17.1%
AIFU AIFU Inc. Insurance Brokers $23M 0.3x —— 19.7%
EZRA Reliance Global Group, Inc. Insurance Agents, Brokers ·fallback $86M 6.1x —— 2.4%
FINANCIAL HEALTH SCREENS

Quality & solvency checks

Cheap stocks can be cheap for a reason. These screens warn when a low valuation comes paired with structural fragility.

Altman Z-Score?Altman Z-Score — A bankruptcy-risk score combining 5 financial ratios into one number. Predictive of bankruptcy within 2 years.
Why it matters: Cheap-looking stocks (low P/E or P/B) often have low Z-scores because the market knows the company is dying. Z-score warns you before you fall into a value trap.
Reference: > 3.0 = safe zone · 1.81–3.0 = grey zone · < 1.81 = distress zone
Full explanation →
n/a
Not reliably computable

We can't produce a trustworthy Altman Z here: retained earnings weren't separately reported in our data, so a core input would have to be fabricated. Rather than show a categorical "distress" verdict from an invented number, we mark it unavailable. Judge financial health from the leverage, cash position, and the measurable Piotroski checks instead.

Piotroski-style checks (partial — not a standard F-score)
4 passed · 4 failed · 1 n/a
Partial result, not a standard F-score: 4 of 8 measurable checks passed. 1 of the 9 standard checks couldn't be measured, so this is scored out of 8, not 9 — it isn't comparable to a published F-score.
▾ The checks — what passed, what didn't (and what we couldn't measure)
  • ✓ Positive net income
    Net income $47.6M in FY2025.
  • ✗ Positive operating cash flow
    Operating cash flow -$11.7M (was $15.2M the prior year).
    Why this matters: Profit can be an accounting figure; cash from running the business is harder to fake. Negative operating cash flow means the core business consumes cash and must be funded externally.
  • ✗ Cash flow backs up reported profit
    Operating cash flow -$11.7M vs net income $47.6M.
    Why this matters: When cash generated exceeds reported earnings, profits are high-quality (not propped up by accruals or one-time items).
  • ✓ Return on assets improving
    Return on assets 3.8% vs -2.9% a year ago.
  • ✓ Debt load (vs assets)
    Long-term debt is 30.8% of assets vs 57.2% a year ago ($385.1M of $1,249.4M assets).
  • ✗ Short-term liquidity (current ratio)
    Current ratio 1.60x vs 1.91x a year ago.
    Why this matters: The current ratio compares assets it can turn to cash within a year against bills due within a year. Below 1.0 means it may struggle to cover near-term obligations.
  • ✗ Share count (dilution)
    Share count rose 7.9% (168.5M → 181.9M year-over-year).
    Why this matters: Issuing lots of new shares splits the pie into more pieces, shrinking your slice. Stable or falling share count protects existing owners.
  • · Pricing power (gross margin) (n/a — data not reported; not scored)
  • ✓ Sales per asset (asset turnover)
    Asset turnover 1.22x vs 1.11x a year ago.

Missing data is never counted as a pass or a fail — it's shown as n/a and excluded from the denominator. Each check compares the company against its own prior year.

INTERACTIVE — TWEAK YOUR ASSUMPTIONS

What if you assume different inputs?

Here's where we land — and what happens if you change the assumptions. Drag the sliders to set your own Discount Rate?Discount Rate — The annual return you demand for taking single-stock risk instead of buying a safe Treasury or index fund.
Why it matters: Higher discount rate = stricter valuation (a stock has to produce more cash to be worth holding). Lower = more generous.
Reference: 8–12% is standard · 9–10% matches S&P 500 historical return · Below 7% is illogical for single-stock risk
Full explanation → (the annual return you demand for single-stock risk) and terminal growth; the value updates live so you can see whether the stock looks cheaper or richer. The discount rate starts at 10.0%, the figure our model used for SLQT. Open Advanced to also change beta, growth and the rate path.

Note: no headline intrinsic value is published for this stock (the valuation is held for a data-quality reason — see the notes above). The calculator below is a what-if tool: the values it produces are your assumptions played out, not our estimate.

4.5% (risk-free)9-10% normal18% (deep-risk)
0%2-3% (GDP)5% (rarely sustainable)

A full intrinsic value isn't shown for SLQT because the valuation is currently held for a data-quality reason (see the guardrail notes above). The reverse-DCF reading still works — it needs only the price and cash flow — but we won't publish a forward value until the underlying data passes our checks.

For comparison — the revenue growth today's price already assumes
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⚙ Advanced — tinker with every input (beta, growth, rate path, margin → full intrinsic value)
Where the discount rate comes from — discount rate = risk-free + beta × equity-risk-premium
What you'd earn risk-free from government bonds — the floor under every other rate. Slide it down to model the market expecting rate cuts (value rises); up for higher-for-longer.
The extra yearly return investors demand for owning stocks instead of safe bonds — the price of risk. History runs ~4.5–6.5%; we default to 5.5% (slightly conservative). It's an estimate, not a law — lower it if you think equities are less risky than that.
Inflation reduces the purchasing power of a nominal return: a 9% gain at 3% inflation is about 6% in real terms. The intrinsic value above is already in today's dollars (a nominal DCF carries inflation in both the growth and the discount rate), so this switch does not change the value — it restates the return in real terms.
Higher beta → higher discount rate (sets the rate above). 1.0 = moves with the market.
What you think SLQT can grow revenue for ~5 years, then fades to terminal.
For a pre-profit company: the % of revenue that eventually becomes free cash flow once mature. (Our published value uses the sector norm.)
All inputs start at the values our model used.

    Copy shareable link to this scenario →

    Price$0.49
    Model IVNot applicable — DCF couldn't price this stock. The other valuation lenses on this page (reverse-DCF, peers, sector lens — whichever apply to this filer) carry the read instead.

    SelectQuote, Inc. The market is likely discounting the stock due to its negative operating cash flow in the latest period and its history of being profitable only 2 out of the last 5 years. The primary quantifiable risk is the continued negative operating cash flow, which the revenue/margin growth model projects future cash flows from.

    ⚠️ FCF negative: revenue/margin growth model projects future cash flows from revenue trajectory.

    As of 3 months ago

    ANATOMY

    Anatomy of a share

    What you're buying per share. Bars are at the same scale so you can see the relative size of revenue, costs, cash flow, and debt — not just read them in a table.

    SLQT SelectQuote, Inc. stock anatomy showing per-share revenue, operating expenses, free cash flow, and debt
    3.1%
    profit
    Where each $1 of revenue goes
    Net profit — 3.1¢ of every dollar ($0.26/sh = latest fiscal-year net income ÷ current shares. The table below shows GAAP diluted EPS of $0.01, computed on that year's weighted-average diluted shares — the share count moved, which is why they differ)
    Costs & taxes — 96.9¢ (on $8.39 revenue/sh)
    Net margin = net income ÷ revenue (most recent fiscal year).
    Plain English: each share (at $0) represents $8.39 of revenue per share per year, $0.26 of net income per current share, and $0.18 of cash burned per share (negative free cash flow) from the latest fiscal year. Each share carries $2.12 of total debt (interest-bearing borrowings, current + long-term).
    What's free cash flow / what do these mean?

    Revenue per share — how much the business earns from customers, divided by the number of shares outstanding. Top of the income statement.

    Earnings per share — profit left after operating costs, interest, and taxes, per share. Two versions appear on this page and are not interchangeable: GAAP diluted EPS uses the company's weighted-average diluted share count during the reporting period (this is the "earnings" in "price-to-earnings"); net income per current share divides annual net income by today's share count. They differ whenever the share count has changed.

    Owner-earnings free cash flow per share — the cash the business produces for shareholders. Savng's owner-earnings FCF subtracts capital expenditures and stock-based compensation from operating cash flow (SBC is a real dilution cost even though it's non-cash). This is deliberately more conservative than "standard" FCF, which subtracts only capital expenditures — so our figure is lower than the headline FCF you'll see elsewhere. FCF funds dividends, buybacks, debt repayment, and acquisitions; a company can report positive earnings yet negative FCF.

    Debt per share — total interest-bearing borrowings divided by shares. High debt-per-share next to thin FCF-per-share is a fragility signal.

    THE KEY DEBATE

    What you actually need to decide

    Every stock price is a disagreement. Here's the single thing that must go right for the bulls, the single thing that breaks the thesis, and the concrete signposts to watch so you can update your view as real results arrive.

    🐂 The Bull Case
    Operating cash flow must turn consistently positive from its current negative state to validate the model's projected future cash flows and reduce reliance on external funding.
    🐻 The Bear Case
    Continued negative operating cash flow, as seen in the latest period, implies ongoing cash burn and could lead to further dilution or increased debt, eroding shareholder value.
    📌 Signposts to watch — update your view as these print
    • Quarterly operating cash flow turning positive
    • Improvement in net income profitability
    • Growth in policy sales volumes
    MOMENTUM — WHAT'S GETTING BETTER & WORSE

    The trend, in plain numbers (FY2024 → FY2025, latest reported)

    Straight from the financial statements — no model, no opinion. For a small or unprofitable company, the direction of these numbers usually tells you more than any single valuation.

    ✅ Improving
    • Revenue grew +15% to $1.53B.
    • Swung to a profit of $47.6M (from a loss the prior year).
    ⚠ Worsening
    • Free cash flow is negative at -$32.2M — the cash burn widened vs last year.
    WHO

    Management & Leadership

    SelectQuote, Inc. is led by CEO Tim Danker, who has been with the company since 2017 and became CEO in 2018. He previously served as President and Chief Operating Officer. The company focuses on providing comparison shopping for insurance products.

    Tim Danker
    Chief Executive Officer
    Raff Sadun
    Chief Financial Officer
    WHAT

    What They Make

    SelectQuote, Inc. operates as a technology-enabled platform that provides comparison shopping for insurance products, primarily serving individuals seeking life, auto, home, and health insurance.

    End Markets

    Individual Health InsuranceLife InsuranceProperty & Casualty Insurance

    Revenue Drivers

    Medicare Advantage plans
    Term life insurance policies
    Auto and home insurance
    Market Cap: 89.7MBeta: 2.02
    WHY

    Why Is It Priced Like This?

    Why Customers Pay

    Comparison shopping for multiple carriers
    Personalized advice and guidance
    Convenience of online and phone services
    No discounted-cash-flow value for this filer This company's reported free cash flow is negative, so a discounted-cash-flow valuation has no positive cash stream to discount. That is a fact about the business, not missing data — the reported figures below are complete.

    What we use instead: earnings (P/E, EV/EBIT), book value (P/B) — computed from the figures this company does report, shown in the sections below. Those numbers are unaffected by the missing cash-flow data.

    The market prices SLQT at a significant 82.8% discount, likely reflecting concerns over its financial health. Specifically, the latest operating cash flow was negative, and the company has only been profitable in 2 out of the last 5 years, suggesting inconsistent financial performance despite revenue growth of 13.2% per year over four years.

    HOW

    Business Model & Valuation

    How They Make Money

    Commissions from insurance policy sales
    Referral fees for lead generation
    Service fees for policy administration

    The company has negative operating cash flow and funds itself through its revenue trajectory, as indicated by the revenue/margin growth model.

    Growth / Revenue DCF

    Negative free cash flow: revenue/margin growth model used - standard FCF DCF is unreliable for companies still scaling.

    Show advanced inputs
    Revenue Growth13.2%

    What this model does NOT do: this is a consolidated owner-earnings FCF model. Standalone segment assumptions: none. It does not project premium growth, underwriting (combined ratio) and investment income independently; their combined effect is embedded in the historical revenue and cash-flow trend the model extrapolates. The calculator above can only approximate a segment's impact through the single consolidated growth rate — it cannot model any one line separately. For a true segment-level view, build a separate model from the company's segment disclosures.

    WHEN

    Maturity & Competitive Position

    Growth / re-investment phase

    Moat Signals

    Proprietary technology platform
    Established network of insurance carriers
    Brand recognition in insurance comparison

    Revenue has been growing at 13.2% per year over the last four years, from $930M to $1527M.

    WHERE

    Geography & Markets

    SelectQuote, Inc. primarily operates within the United States, serving customers across various states. Exact geographic revenue splits are not available from current data sources.

    Geographic Risks

    Regulatory changes in the US insurance market
    Competition from other insurance brokers and direct-to-consumer models
    SIGNALS

    Market Signals

    These are timing signals, not value signals — they describe the stock's recent price behavior, not what the business is worth. Use them for the "the thesis looks good, but is now the moment?" question. Each tile below explains what it's saying.

    Model bullish, tape bullish - aligned.
    RSI?RSI — Relative Strength Index — a 0-100 momentum gauge. Above 70 = overbought; below 30 = oversold.
    Why it matters: Short-term contrarian indicator. Extreme readings often precede mean reversion, though not always.
    Reference: 30–70 normal · >70 overbought · <30 oversold
    Full explanation →     (14)    96.9OverboughtBought up hard recently — stretched; pullbacks are common from here.
    MACD?MACD — Moving Average Convergence Divergence — compares a fast and a slow price trend to gauge momentum direction.
    Why it matters: When the fast line crosses above the slow line, short-term momentum is turning up; below, turning down. A timing cue, not a value signal.
    Reference: Line above signal = bullish momentum · below = bearish
    Full explanation →    BullishLine above signalThe fast trend is above the slow trend — short-term momentum is currently upward.
    50-Day Average$1.69Price below (-70.8%)Price below its 50-day average = near-term downtrend.
    200-Day Average$1.61Price belowThe 200-day line is the long-term trend divider — above it is generally considered a bull market for the stock.
    50 vs 200 CrossGolden50-day above 200-dayA "golden cross" — the medium trend has overtaken the long trend (often read as bullish).

    Technicals describe price, not the business. A great company can have a "bearish" tape (a buying chance) and a weak one a "bullish" tape (a trap). Pair these with the valuation and health sections above.

    QUALITY

    Data Quality & Risk Flags (2 notes — click to expand/collapse)
    Guardrail Notes (2)
    • FCF negative: revenue/margin growth model projects future cash flows from revenue trajectory.
    • Illiquidity discount 15% applied (small/micro-cap — harder to exit, demand a margin).
    FINANCIALS

    Financial Statements (5-year tables — click to expand)

    From SelectQuote, Inc.'s SEC filings (EDGAR).

    Income (5yr)

    YearRevenueNet IncomeEPS
    20251.5B47.6M$0.01
    20241.3B-34.1M$-0.20
    20231.0B-58.5M$-0.35
    2022764.0M-297.5M$-1.81
    2021930.0M124.9M$0.75

    Cash Flow (5yr)

    YearOperating CFCapEx− SBC & adj.Free Cash Flow
    2025 -11.7M 2.2M 18.4M -32.2M
    2024 15.2M 3.4M 13.8M -2.0M
    2023 -19.4M 1.4M 11.3M -32.1M
    2022 -338.3M 24.8M 7.1M -370.2M
    2021 -115.4M 14.9M 5.2M -135.5M

    How we define FCF: operating cash flow − capital expenditure − stock-based compensation (owner-earnings basis — SBC is a real cost to shareholders even though it's non-cash). Latest year: -11.7M − 2.2M − 18.4M (SBC & adj.) = -32.2M. This is the same owner-earnings FCF definition the valuation model uses, though the DCF's starting value is a projected from revenue × terminal margin, not this single year.

    Balance Sheet

    Total Assets1.2B
    Total Liabilities673.8M
    Equity351.1M
    Total Debt385.1M
    YOU MIGHT ALSO LIKE

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    PG
    Methodology by Pouyan Golshani, MD — founder of Gighz. Savng was built by a physician for busy professionals: every number on this page comes from SEC filings (EDGAR) and FINRA data through transparent, rules-based models — no analyst opinions, no hidden inputs. How we calculate every number →
    ⚠️ Not investment advice. Automated model outputs, last refreshed May 30, 2026 (the analysis-refresh date, not the latest filing period). All models have blind spots. Full disclaimer →
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