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SelectQuote SLQT Contract with Customer, Commissions Receivable Adjustment, Change in Estimate

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Other financials

Income statement

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Revenue$430.9M+5.6%
Gross profit$259.6M+5.6%
Operating income$35.9M+62.9%
Net income$40.2M+54.5%
EPS (diluted)$0.11+267%

Balance sheet

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Cash & equivalents$35.2M-59.2%
Total debt$404.8M-4.5%
Total equity$384.7M+9.9%
Total assets$1.3B+3.0%

Cash flow

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Operating cash flow$56.8M-20.2%
CapEx$947.0K-0.2%
Free cash flow$55.8M-20.4%

Valuation

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Market cap$139.42M-65.1%
Enterprise value$509.04M-34.8%
P/E1.5×-6.9×
P/S0.1×-0.2×

Profitability

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Gross margin54.2%-7.6pp
Operating margin5.4%
Net margin5.6%+5.3pp
FCF margin-0.4%-3.3pp

Returns & leverage

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Return on equity25%+23.9pp
Debt / equity1.1×-0.2×
Current ratio1.6×-0.3×

Where this comes from

Reported directly by SelectQuote in its filing.

Tagged under the XBRL concept slqt:ContractWithCustomerCommissionsReceivableAdjustmentChangeInEstimate.

The official record: SelectQuote’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is SelectQuote's contract with customer, commissions receivable adjustment, change in estimate?
SelectQuote (SLQT) reported contract with customer, commissions receivable adjustment, change in estimate of -$14.15M in Q1 2026.
How has SelectQuote's contract with customer, commissions receivable adjustment, change in estimate changed year-over-year?
SelectQuote's contract with customer, commissions receivable adjustment, change in estimate decreased by 274.7% year-over-year, from $8.1M to -$14.15M.
What is the long-term trend for SelectQuote's contract with customer, commissions receivable adjustment, change in estimate?
Over 2 years (2022 to 2024), SelectQuote's contract with customer, commissions receivable adjustment, change in estimate has grown at a -87.3% compound annual growth rate (CAGR), from $212.22M to -$3.44M.
What does contract with customer, commissions receivable adjustment, change in estimate mean?
Adjustments made to the carrying value of commission receivables resulting from updated estimates of expected future collections. This reflects the company's ability to accurately forecast commission cash flows and manage credit risk associated with carrier partners. Frequent or large adjustments may indicate volatility in revenue recognition or underlying contract performance.