Thursday, November 05, 2026
Jacob Mutchler, Research Analyst, Noble Capital Markets, Inc.
Michael Kupinski, Director of Research, Equity Research Analyst, Digital, Media & Technology , Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Q1 Results Exceed Expectations. SelectQuote reported fiscal first-quarter 2027 revenue of $280.0 million, down 14.8% year over year but above our estimate of $270.9 million. The adjusted EBITDA loss narrowed to $17.0 million from $32.1 million in the prior-year period, exceeding our forecast for a $25.4 million loss. The results highlight improving profitability despite continued revenue pressure.
Lower Costs Drive Profitability Improvement. Revenue declined amid lower pharmacy volumes, fewer Medicare Advantage policy sales, and reduced carrier-sponsored payments. However, marketing expenses decreased 25.0%, while improving pharmacy economics helped Healthcare Services adjusted EBITDA increase 55.7% to $11.2 million. In Senior, lower acquisition costs and greater use of internally generated leads narrowed the adj. EBITDA loss to $12.3 million from $21.0 million.
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