What is SelectQuote's variable lease costs?

SelectQuote (SLQT) reported variable lease costs of $189K in Q1 2026.

How has SelectQuote's variable lease costs changed year-over-year?

SelectQuote's variable lease costs decreased by 5.0% year-over-year, from $199K to $189K.

What does variable lease costs mean?

Represents lease payments that are not fixed in nature, such as those based on usage, performance, or index-linked adjustments. This metric captures the volatility and variable component of the company's total lease-related expenditures.

SelectQuote SLQT Variable lease costs

Variable lease costs at other companies

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$11K0.0%

AMC Networks Inc.AMCX

$579K-7.1%

Hillman Solutions Corp.HLMN

$143K-76.2%

The Baldwin Insurance Group, Inc.BWIN

$315.75K-75.6%

ZymeworksZYME

$551K-10.6%

Grid Dynamics Holdings, Inc.GDYN

$133K+9.9%

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

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:VariableLeaseCostNet.

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 variable lease costs?: SelectQuote (SLQT) reported variable lease costs of $189K in Q1 2026.
How has SelectQuote's variable lease costs changed year-over-year?: SelectQuote's variable lease costs decreased by 5.0% year-over-year, from $199K to $189K.
What does variable lease costs mean?: Represents lease payments that are not fixed in nature, such as those based on usage, performance, or index-linked adjustments. This metric captures the volatility and variable component of the company's total lease-related expenditures.