What is SelectQuote's return to provision adjustments?

SelectQuote (SLQT) reported return to provision adjustments of -2.2% in Q2 2025.

What does return to provision adjustments mean?

Represents adjustments made to the tax provision to reconcile differences between estimated tax liabilities and actual tax returns filed. It serves as an indicator of the accuracy of the company's internal tax estimation processes.

SelectQuote SLQT Return to provision adjustments

Return to provision adjustments at other companies

John Wiley & Sons, Inc.WLYB

-1.9%-8.0pp

APO

Apogee EnterprisesAPOG

$535K—

BeneficientBENF

$800.25K+681%

GCM Grosvenor Inc.GCMG

$99.25K+9,825%

GCM Grosvenor Inc.GCMG

0%—

Albany International Inc.AIN

-2.2%+11.0pp

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:EffectiveIncomeTaxRateReconciliationProvisionToReturnAdjustmentsPercent.

The official record: SelectQuote’s 10-K, filed August 21, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is SelectQuote's return to provision adjustments?: SelectQuote (SLQT) reported return to provision adjustments of -2.2% in Q2 2025.
What does return to provision adjustments mean?: Represents adjustments made to the tax provision to reconcile differences between estimated tax liabilities and actual tax returns filed. It serves as an indicator of the accuracy of the company's internal tax estimation processes.