Filing Flows › SelectQuote (SLQT) › Q2 FY26
SelectQuote (SLQT) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Feb 5, 2026
SelectQuote (SLQT) reported revenue of $537M for the second quarter fiscal 2026 (Q2 FY26), +12% from a year earlier and +63% from the quarter before. Operating margin was 14.0%, net earnings $69.3M (12.9% of revenue).
SelectQuote, Q2 FY26: revenue $537M (+12% year over year), operating margin 14.0%, net earnings $69.3M, operating cash flow $52K. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $537M | +63% | +12% |
| Operating profit | $75.3M | — | +6% |
| Net earnings | $69.3M | — | +30% |
| Operating cash flow | $52K | — | — |
What changed
Revenue was $537.1M in Q2 FY26, up 12% year over year and up 63% from the previous quarter. Service was the largest line at 58% of revenue. Pharmacy added $47.2M year over year (up 26%), 84% of the total change.
Operating profit was $75.3M, a 14.0% margin (down 0.7 points year over year). Of the extra revenue versus a year earlier, 8% reached operating profit, below the 15% margin then. Total costs grew 13% against revenue growth of 12%. The fastest-growing cost line was Cost of revenue (+31%). Net earnings were $69.3M, up 30% year over year. The effective tax rate was 16.5%.
Operating cash flow was $52K, 0% of net earnings. Non-cash charges added back $4.3M of depreciation and amortization and $3.5M of share-based compensation. Working capital and other items used $77.0M. Capital expenditures of $1.1M exceeded it, leaving free cash flow of −$1.0M.
Questions
What was SelectQuote's revenue in the second quarter fiscal 2026?
SelectQuote (SLQT) reported revenue of $537M for the second quarter fiscal 2026 (Q2 FY26), +12% from a year earlier and +63% from the quarter before.
Was SelectQuote profitable in the second quarter fiscal 2026?
Operating profit was $75.3M (14.0% of revenue) and net earnings $69.3M.
Source: SelectQuote 10-Q on SEC EDGAR.