Filing Flows › SelectQuote (SLQT) › Q1 FY26
SelectQuote (SLQT) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Nov 6, 2025
SelectQuote (SLQT) reported revenue of $329M for the first quarter fiscal 2026 (Q1 FY26), +13% from a year earlier and -5% from the quarter before. Operating margin was -12.4%, net loss $30.5M (9.3% of revenue).
SelectQuote, Q1 FY26: revenue $329M (+12% year over year), operating margin -12.4%, net loss $30.5M, operating cash flow −$21.6M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $329M | -5% | +13% |
| Operating profit | −$40.7M | — | — |
| Net earnings | −$30.5M | -337% | — |
| Operating cash flow | −$21.6M | — | — |
What changed
Revenue was $328.8M in Q1 FY26, up 13% year over year and down 5% from the previous quarter. Pharmacy was the largest line at 66% of revenue. Pharmacy added $65.7M year over year (up 43%), 180% of the total change. Service declined 21%.
Operating costs exceeded revenue by $40.7M, an operating margin of -12.4%. Total costs grew 21% against revenue growth of 13%. The fastest-growing cost line was Cost of revenue (+49%). The quarter ended with a net loss of $30.5M, after a profit of $12.9M the previous quarter.
Operating cash flow was −$21.6M. Non-cash charges added back $4.3M of depreciation and amortization and $4.3M of share-based compensation. Capital expenditures of $1.1M exceeded it, leaving free cash flow of −$22.7M.
Questions
What was SelectQuote's revenue in the first quarter fiscal 2026?
SelectQuote (SLQT) reported revenue of $329M for the first quarter fiscal 2026 (Q1 FY26), +13% from a year earlier and -5% from the quarter before.
Was SelectQuote profitable in the first quarter fiscal 2026?
Operating loss was $40.7M (-12.4% of revenue) and net loss $30.5M.
Source: SelectQuote 10-Q on SEC EDGAR.