Selectquote, Inc. (SLQT)

NYSEFinancialsInsurance - BrokersSnapshot 2026-09-04

$0.54-1.34%

Close 2026-09-04 · 1-day change

Standing thesis

The standing, falsifiable read: what has to stay true, and what would break it.

Turnaround

Warn: Primary pillar under pressure — Achieve revenue of $1.61B to $1.71B in FY 2026: FY26 revenue guidance $1.61B-$1.71B vs target $1.61B-$1.71B.

The bull case

SelectQuote aims for $1.61B to $1.71B revenue in fiscal 2026. Profit targets include $90M to $100M adjusted EBITDA and $25M to $35M operating cash flow. Recent cash flow improved to $56.8M in Q3, showing progress. The stock trades cheap with a PE of 10.3 versus peers at 12.8.

The bear case

Revenue is declining with Q3 down from Q2. EPS is negative and guidance is soft. The company faces listing risks and volatile management. Cash flow targets are uncertain despite recent gains.

What's priced in

The price is about 21% below our fair value near $0.92. Analysts expect 6% revenue growth, but EPS estimates have recently fallen. The market prices in a cautious recovery, which matches our view.

What has to stay true

Maintain adjusted EBITDA of $90M to $100M in FY 2026Intact
Marginprimary$90M to $100M adjusted EBITDA · FY 2026 (guidance)
Breaks if: adjusted EBITDA falls below $90M in FY 2026
Are they delivering?Watch this quarter· 1 tracked commitment
- Maintain Adjusted EBITDA guidance of $90M to $100M for FY 2026Growth
  Management aims to maintain Adjusted EBITDA between $90 million and $100 million for fiscal year 2026.
  Watch

Source: QuarterlyIQ research model· Written 2026-07-08· Health checked 2026-09-04· Version 1· Status: Warn· Reviewed when the evidence changes

This is not a price target or investment advice.

Current Outlook

Week of Sep 5, 2026

A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.

SLQT faces challenges with mixed financial performance and high risk in a supportive sector environment.

What kind of bet this is

This investment represents a turnaround story with high risk. The company has shown some improvement in net income and cash flow, but overall financial performance remains weak and inconsistent.

What's priced into Selectquote, Inc. (SLQT)

The current valuation suggests that the market views SLQT as cheap compared to its peers. However, there is a significant expectations gap, indicating that investors may not be fully confident in the company's ability to meet future performance targets.

What the fundamentals likely do

Management has prioritized growth in profitability and cash flow, but recent results show mixed outcomes. The company has missed earnings expectations recently, which raises concerns about its near-term performance.

What Selectquote, Inc. (SLQT) hinges on

The long-term thesis hinges on the company's ability to deliver on its revenue and EBITDA guidance. Additionally, the performance of sector bellwethers like MRSH, AON, and AJG will be crucial in determining SLQT's trajectory.

What changed in the latest read

What changed

The most important moves since the prior daily snapshot.

Short-term · Daily

No material changes since the prior snapshot.

Mixed, the news cuts both ways. The company confirmed its revenue guidance for fiscal 2026. However, it missed earnings expectations and lowered revenue guidance for fiscal 2027. This shrinking top line threatens cash flow improvement goals for fiscal 2026.

as of 2026-09-04

See upcoming information that could change the risk

Review the evidence to watch, what would become a concern, and what would make it less concerning.

Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.