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Dec 31, 2024

SelectQuote Q2 2025 Earnings Report

SelectQuote achieved impressive results, driven by strong policy volume and growth in the Healthcare Services segment.

Key Takeaways

SelectQuote, Inc. reported consolidated revenue for the second quarter of fiscal year 2025 of $481.1 million, compared to $405.4 million for the second quarter of fiscal year 2024. Consolidated net income for the second quarter of fiscal year 2025 was $53.2 million, compared to $19.4 million for the second quarter of fiscal year 2024. Consolidated Adjusted EBITDA was $87.5 million compared to $67.4 million for the second quarter of fiscal year 2024.

SelectQuote delivered impressive results during the fiscal second quarter.

Strong policy volume and Senior Adjusted EBITDA margin of 39%, up approximately 750 basis points year-over-year.

Healthcare Services segment delivered another quarter of strong results, led by SelectRx, with over 96,000 members, representing growth of 54% compared to a year ago.

Improved capital structure with a $350 million strategic investment led by Bain Capital and Morgan Stanley Private Credit.

Total Revenue
$481M
Previous year: $405M
+18.7%
EPS
$0.3
Previous year: $0.11
+172.7%
Gross Profit
$224M
Previous year: $214M
+4.6%
Cash and Equivalents
$12.1M
Previous year: $10.8M
+11.6%
Free Cash Flow
-$30.8M
Previous year: -$24.3M
+26.6%
Total Assets
$1.28B
Previous year: $1.24B
+3.5%

SelectQuote

SelectQuote

SelectQuote Revenue by Segment

Forward Guidance

Fiscal Year 2025 Guidance Ranges:

Positive Outlook

  • Revenue expected in a range of $1.500 billion to $1.575 billion
  • Adjusted EBITDA expected in a range of $115 million to $140 million

Challenges Ahead

  • Net income (loss) expected in a range of $(24) million to $11 million

Revenue & Expenses

Visualization of income flow from segment revenue to net income