What is SelectQuote's warrant mark-to-market?

SelectQuote (SLQT) reported warrant mark-to-market of -25.8% in Q2 2025.

What does warrant mark-to-market mean?

Reflects the periodic non-cash gain or loss resulting from the fair value adjustment of outstanding warrants. This metric is critical for understanding earnings volatility caused by changes in the company's stock price and the resulting impact on derivative liabilities.

SelectQuote SLQT Warrant mark-to-market

Warrant mark-to-market at other companies

Ur-EnergyURG

-$6.36M-248%

RedwireRDW

$319K+102%

Ur-EnergyURG

-$6.36M-248%

Bakkt BKKT

-$4.7M+85.4%

Lithium AmericasLAC

-$417K—

Brand Engagement Network, Inc.BNAI

-$294.29K+52.1%

Other financials

Income statement

See full

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

See full

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

See full

Operating cash flow$56.8M-20.2%

CapEx$947.0K-0.2%

Free cash flow$55.8M-20.4%

Valuation

See full

Market cap$139.42M-65.1%

Enterprise value$509.04M-34.8%

P/E1.5×-6.9×

P/S0.1×-0.2×

Profitability

See full

Gross margin54.2%-7.6pp

Operating margin5.4%—

Net margin5.6%+5.3pp

FCF margin-0.4%-3.3pp

Returns & leverage

See full

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:EffectiveIncomeTaxRateReconciliationWarrantMarkToMarketPercent.

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 warrant mark-to-market?: SelectQuote (SLQT) reported warrant mark-to-market of -25.8% in Q2 2025.
What does warrant mark-to-market mean?: Reflects the periodic non-cash gain or loss resulting from the fair value adjustment of outstanding warrants. This metric is critical for understanding earnings volatility caused by changes in the company's stock price and the resulting impact on derivative liabilities.