SLQT on NYSE

SelectQuote, Inc.

SelectQuote, Inc. is an American insurance agents company, incorporated in Delaware.1 It is headquartered in Overland Park, Kansas.1 Its shares trade on NYSE under the symbol SLQT.1

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Last updated Oct 21, 2026.

Overview

$1.6BRevenue, fiscal 20262
$62.2MNet income, fiscal 20262

Compare with Baldwin Insurance Group, Inc., CRAWFORD & CO or CorVel Corporation, or pick any stock.

  • TickerSLQT on NYSE1
  • IndustryInsurance Agents, Brokers & Service1
  • HeadquartersOverland Park, Kansas1
  • Incorporated inDE3
  • Business address6800 West 115Th Street, Suite 2511, Overland Park, Ks 662113
  • Filer categoryAccelerated filer, Smaller reporting company3

SelectQuote, Inc. (together with its subsidiaries, “SelectQuote”, the “Company”, “we”, “us”) is a leading technology-enabled, direct-to-consumer (“DTC”) distribution and engagement platform for selling insurance policies and healthcare services.5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

4.6%Operating margin2
3.8%Net margin2
6.0%Revenue growth, 20262
17.7%Return on equity2
0.99×Debt to equity2
$27.6MFree cash flow2

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Pharmacy brought in 51% of the revenue SelectQuote, Inc. broke down this way in fiscal 2026.

  1. Pharmacy$830.9M251%up 14% from 2025
  2. Service$787.6M249%down 1% from 2025
Products and services by year
Products and services202420252026
Pharmacy$464.9M$728.8M$830.9M
Service$856.9M$797.8M$787.6M

Business segments

Healthcare Services brought in 52% of the revenue SelectQuote, Inc. broke down this way in fiscal 2026.

  1. Healthcare Services$844.9M252%up 14% from 2025
  2. Senior$575.9M235%down 4% from 2025
  3. Life$186.0M211%up 8% from 2025
  4. All Other Revenue$20.2M21%up 12% from 2025
Business segments by year
Business segments202420252026
Healthcare Services$478.5M$742.7M$844.9M
Senior$655.8M$600.4M$575.9M
Life$157.9M$173.0M$186.0M
All Other Revenue$36.2M$18.0M$20.2M

Where the money goes

Where each dollar of revenue went, fiscal 2026

  • Cost of revenue45¢$730.7M
  • Selling, general and admin9¢$149.0M
  • Other costs38¢$617.9M
  • Interest3¢$44.5M
  • Income tax1¢$14.1M
  • Profit4¢$62.2M

Out of $1.6B in revenue.2

Where each dollar of operating cash went, fiscal 2026

  • Capital spending13¢$4.3M
  • Kept or used elsewhere87¢$27.6M

Out of $31.9M of cash from operations.2

Financial statements

Revenue6789102$1.6B in 2026+380% since 2019
0$500.0M$1.0B$1.5B$2.0B2019: $337.5M$337.5M20192020: $529.3M$529.3M2020+57%2021: $930.0M$930.0M2021+76%2022: $764.0M$764.0M2022−18%2023: $1.0B$1.0B2023+31%2024: $1.3B$1.3B2024+32%2025: $1.5B$1.5B2025+15%2026: $1.6B$1.6B2026+6%
Operating income6789102$73.9M in 2026−23% since 2019
-$400.0M-$200.0M0$200.0M2019: $96.3M$96.3M20192020: $130.2M$130.2M2020+35%2021: $192.2M$192.2M2021+48%2022: -$346.0M-$346.0M20222023: $11.6M$11.6M20232024: $64.5M$64.5M2024+457%2025: $68.5M$68.5M2025+6%2026: $73.9M$73.9M2026+8%
Net income6789102$62.2M in 2026−14% since 2019
-$400.0M-$200.0M0$200.0M2019: $72.6M$72.6M20192020: $79.5M$79.5M2020+10%2021: $124.9M$124.9M2021+57%2022: -$297.5M-$297.5M20222023: -$58.5M-$58.5M2023−80%2024: -$34.1M-$34.1M2024−42%2025: $47.6M$47.6M20252026: $62.2M$62.2M2026+31%

Every line of the income statement as filed: the last 3 fiscal years, latest first.2

Period ending2026-06-302025-06-302024-06-30
Total revenue$1.6B$1.5B$1.3B
Cost of commissions and other services revenue$312.2M$305.1M$318.8M
Cost of goods soldpharmacy revenue$730.7M$630.3M$405.0M
Marketing and advertising$313.7M$319.5M$358.9M
Selling, general, and administrative$149.0M$164.4M$141.0M
Technical development$39.0M$38.7M$33.5M
Total operating costs and expenses$1.5B$1.5B$1.3B
INCOME FROM OPERATIONS$73.9M$68.5M$64.5M
INTEREST EXPENSE, NET-$44.5M-$79.4M-$93.6M
CHANGE IN FAIR VALUE OF WARRANTS$55.8M$59.5M$0
LOSS ON EXTINGUISHMENT OF DEBT-$8.7M$0$0
OTHER EXPENSE, NET-$255.0K-$128.0K-$65.0K
INCOME (LOSS) BEFORE INCOME TAX EXPENSE$76.3M$48.5M-$29.1M
INCOME TAX EXPENSE$14.1M$931.0K$5.1M
NET INCOME (LOSS)$62.2M$47.6M-$34.1M
Senior Non-Convertible Preferred Stock accumulated dividends and accretion-$73.8M-$22.5M$0
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS-$11.6M$25.0M-$34.1M
Basic (in dollars per share)-$0.06$0.14-$0.20
Diluted (in dollars per share)-$0.06$0.01-$0.20
Basic (in shares)188.2M shares176.1M shares168.5M shares
Diluted (in shares)188.2M shares181.9M shares168.5M shares
Unrealized gain (loss), net of related tax benefit for the year ended June 30, 2026, and 2025, of $0.0 million,and $0.1 million, and tax expense for the year ended June 30, 2024 of $0.3 million.$0-$432.0K$1.2M
Net reclassification into earnings$0-$3.7M-$10.8M
OTHER COMPREHENSIVE LOSS$0-$4.1M-$9.6M
COMPREHENSIVE INCOME (LOSS)$62.2M$43.5M-$43.7M
Other comprehensive income (loss) before reclassifications, tax$0$100.0K-$300.0K
Reclassification from AOCI, current period, tax$0$1.3M$3.6M

Compare SelectQuote, Inc. with another company

Corporate structure

SelectQuote, Inc. sits at the top of its group. 13 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of SelectQuote, Inc.

  • BlackRock Filed SCHEDULE 13G/A on SelectQuote, Inc., latest Jul 8, 2026 (7 filings since Oct 8, 2021)
  • Morgan Stanley Filed SCHEDULE 13G/A on SelectQuote, Inc., latest Feb 13, 2026 (2 filings since Aug 5, 2025)
  • ABRAMS BISON INVESTMENTS, LLC Filed SC 13G/A on SelectQuote, Inc., latest Feb 14, 2023
  • VANGUARD GROUP INC Filed SC 13G/A on SelectQuote, Inc., latest Feb 9, 2023 (2 filings since Feb 10, 2022)
  • Charan Jit Singh Filed SC 13G/A on SelectQuote, Inc., latest Feb 11, 2022
  • BEP III LLC Filed SC 13G/A on SelectQuote, Inc., latest Jan 14, 2022
  • ABRAMS BISON PARTNERS, LP Filed SC 13G on SelectQuote, Inc., latest Dec 3, 2021
  • SelectQuote, Inc. Overland Park, Kansas
    • Express Med Pharmaceuticals, Inc., dba SelectRx PA Subsidiary · Pennsylvania, United States
    • Inside Response, LLC Subsidiary · Kansas, United States
    • Population Health, Inc. Subsidiary · Delaware, United States
    • SelectQuote Auto & Home Insurance Services, LLC Subsidiary · Delaware, United States
    • SelectQuote Insurance Services Subsidiary · California, United States
    • SelectQuote Local Insurance Services, LLC Subsidiary · Delaware, United States
    • SelectQuote Ventures, Inc. Subsidiary · Delaware, United States
    • SelectRx KS, LLC Subsidiary · Delaware, United States
    • Simple Meds, LLC, dba SelectRx IN Subsidiary · Nebraska, United States
    • SQ ABS Issuer, LLC Subsidiary · Delaware, United States
    • SQ AgentCo Insurance Services II, LLC Subsidiary · Delaware, United States
    • Tiburon Insurance Services, LLC Subsidiary · California, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What SelectQuote, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Computer equipment and software$28.3M10 Jun 30, 2025$28.4M10 Jun 30, 2024−0.1%
Accumulated depreciation$49.2M2 Jun 30, 2026$43.6M2 Jun 30, 2025+12.7%
Finance-lease assets$1.5M2 Jun 30, 2026$1.6M2 Jun 30, 2025−4.3%
Operating-lease assets (leased space)$20.5M2 Jun 30, 2026$24.6M2 Jun 30, 2025−16.7%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$16.0M2 Jun 30, 2026$32.4M2 Jun 30, 2025−50.5%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$29.4M2 Jun 30, 2026$29.4M2 Jun 30, 20250%
Intangible assets, net (excluding goodwill)$839.0K2 Jun 30, 2026$2.0M2 Jun 30, 2025−57.5%
Finite-lived intangibles, gross$5.9M2 Jun 30, 2026$24.6M2 Jun 30, 2025−76.2%
Accumulated amortization$5.0M2 Jun 30, 2026$18.4M2 Jun 30, 2025−72.7%
Finite-lived intangibles, net$839.0K2 Jun 30, 2026$2.0M2 Jun 30, 2025−57.5%

Properties, in its own words

The following table sets forth the location, approximate square footage and primary use of each of the principal properties we occupied as of August 25, 2026. All of the properties listed below are leased, and we believe our properties are in good operating condition and are suitable for their primary use. As the majority of our office lease footprint now represents a hybrid in-person and remote work model, we have terminated or sub-leased our excess space, where commercially reasonable and to the extent unnecessary for future expansion.

Location · Approximate Square Footage Leased · Approximate Square Footage Subleased · Approximate Square Footage Occupied · Primary Use

The rest of Item 2

Overland Park, Kansas · 204,367 · 95,874 · 108,493 · Corporate headquarters, marketing and advertising, technical development, general and administrative, operations for all segments.

Centennial, Colorado · 45,373 · 32,309 · 13,064 · Subleased

Monaca, Pennsylvania · 22,000 · — · 22,000 · Healthcare Services segment (SelectRx) operations

Indianapolis, Indiana · 27,130 · — · 27,130 · Healthcare Services segment (SelectRx) operations

San Diego, California · 5,874 · — · 5,874 · Life segment operations

Olathe, Kansas · 54,000 · — · 54,000 · Healthcare Services segment (SelectRx) operations

Item 2 of the 10-K filed Aug 25, 2026.5

Leadership

Who has led SelectQuote, Inc., and when. Pick a name to see everywhere that person has worked.

Board members and other officers (18)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Express Med Pharmaceuticals, Inc., dba SelectRx PA Pennsylvania4
  • Inside Response, LLC Kansas4
  • Population Health, Inc. Delaware4
  • SQ ABS Issuer, LLC Delaware4
  • SQ AgentCo Insurance Services II, LLC Delaware4
  • SelectQuote Auto & Home Insurance Services, LLC Delaware4
  • SelectQuote Insurance Services California4
  • SelectQuote Local Insurance Services, LLC Delaware4
  • SelectQuote Ventures, Inc. Delaware4
  • SelectRx KS, LLC Delaware4
  • Simple Meds, LLC, dba SelectRx IN Nebraska4
  • Tiburon Insurance Services, LLC California4

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Aug 25, 20268-K Results of operations36
  2. May 5, 20268-K Results of operations37
  3. Mar 25, 20268-K Listing notice or transfer; Regulation FD disclosure38
  4. Feb 5, 20268-K Results of operations39
  5. Jan 12, 20268-K Entered a material agreement; Ended a material agreement; New debt or obligation40
  6. Nov 14, 20258-K Shareholder vote41
  7. Nov 6, 20258-K Results of operations42
  8. Aug 21, 20258-K Results of operations43
  9. Aug 21, 20258-K Results of operations44
  10. Jul 29, 20258-K Entered a material agreement; New debt or obligation45
  11. Jul 2, 20258-K Other events46
  12. May 12, 20258-K Results of operations47
  13. May 20, 2020New chief executive Timothy Robert Danker becomes CEO15

Calendar

Coming up

  1. Nov 4, 2026 · Before the openReports results for the quarter ending Sep/2026 A year earlier it reported ($0.26) a share, on Nov 6, 2025.48

When it reported results

  1. Aug 25, 2026Reported quarterly or annual results36
  2. May 5, 2026Reported quarterly or annual results37
  3. Feb 5, 2026Reported quarterly or annual results39
  4. Nov 6, 2025Reported quarterly or annual results42
  5. Aug 21, 2025Reported quarterly or annual results43
  6. Aug 21, 2025Reported quarterly or annual results44
  7. May 12, 2025Reported quarterly or annual results47
  8. Feb 10, 2025Reported quarterly or annual results49

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

251 filings to the SEC since October 2021: 6 annual reports, 16 quarterly reports, 44 major events, 147 insider forms, 15 large holders, 23 other. The latest 20:

  1. Sep 30, 2026DEFA14A EDGAR
  2. Sep 30, 2026DEF 14A EDGAR
  3. Sep 18, 2026PRE 14A EDGAR
  4. Aug 25, 202610-K EDGAR
  5. Aug 25, 20268-K EDGAR
  6. Aug 4, 20264 EDGAR
  7. Aug 4, 20264 EDGAR
  8. Aug 4, 20264 EDGAR
  9. Aug 4, 20264 EDGAR
  10. Aug 4, 20264 EDGAR
  11. Aug 4, 20264 EDGAR
  12. Aug 4, 20264 EDGAR
  13. Aug 4, 20264 EDGAR
  14. Jul 8, 2026SCHEDULE 13G/A EDGAR
  15. May 21, 20264 EDGAR
  16. May 19, 2026144 EDGAR
  17. May 5, 202610-Q EDGAR
  18. May 5, 20268-K EDGAR
  19. Mar 25, 20268-K EDGAR
  20. Mar 3, 20264 EDGAR

The 251 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

14 open-market trades by officers, directors and large owners since October 2021: 12 buys and 2 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
May 19, 2026Devine Denise LDirectorSale4,000$1.02$4.1KForm 4
Feb 11, 2026Grant Robert ClayPRESIDENTBuy118,901$0.89$105.4KForm 4
Mar 14, 2025Devine Denise LDirectorBuy4,000$3.62$14.5KForm 4
Feb 20, 2025Anderson Sarah Taylor(See Remarks)Sale50,000$5.44$272.0KForm 4
Sep 18, 2023Matthews Joshua BrandonPresident, SelectQuote SeniorBuy97,500$1.16$113.1KForm 4
Sep 15, 2023Grant William Thomas IIICHIEF OPERATING OFFICERBuy150,000$1.20$180.0KForm 4
Sep 15, 2023GRANT W THOMAS IIDirectorBuy220,100$1.17$257.5KForm 4
Sep 15, 2023Grant Robert ClayPRESIDENTBuy184,200$1.14$210.0KForm 4
May 16, 2023GRANT W THOMAS IIDirectorBuy425,000$1.28$544.0KForm 4
May 16, 2023Weldon Raymond FDirectorBuy100,000$1.20$120.0KForm 4
May 16, 2023Hawks Donald L IIIDirectorBuy100,000$1.16$116.0KForm 4
May 16, 2023Grant Robert ClayPRESIDENTBuy200,000$1.28$256.0KForm 4
May 16, 2023Danker Timothy RobertCHIEF EXECUTIVE OFFICERBuy100,000$1.23$123.0KForm 4
Sep 2, 2022Gunter Matthew ScottChief Experience OfficerBuy24,300$1.04$25.3KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2026Timothy R. Danker53$650.0K$2.9M57
2026Robert Grant42$500.0K$2.5M57
2026William Grant III51$455.0K$2.2M57
2025Chief Executive Officer$557.0K$3.5M57
2025President$477.4K$3.1M57
2025Chief Operating Officer$440.3K$2.7M57

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Abrams Bison Investments, LLC7,910,794$6.7M0.3%No change
Mariner, LLC6,553,063$5.5M0.0%+66,398
Vanguard Capital Management LLC6,110,257$5.1M0.0%+121,095
Aqr Capital Management LLC2,468,729$2.1M0.0%+1,316,104
Captrust Financial Advisors2,354,276$2.0M0.0%+67,050
BlackRock, Inc.2,182,553$1.8M0.0%−8,530,867
Qube Research & Technologies Ltd2,148,653$1.8M0.0%New
Jane Street Group, LLC2,132,688$1.8M0.0%New
Diametric Capital, LP1,969,167$1.7M0.2%+18,078
Geode Capital Management, LLC1,746,671$1.5M0.0%−1,737,736
Millennium Management LLC1,649,948$1.4M0.0%New
Guggenheim Capital LLC1,199,960$1.0M0.0%−1,250
Goldman Sachs Group Inc1,176,775$989.8K0.0%−44,742
Tudor Investment Corp Et Al1,124,580$945.9K0.0%+143,301
TriaGen Wealth Management LLC1,055,500$887.8K0.2%No change
Jacobs Levy Equity Management, Inc1,006,148$846.3K0.0%+135,461
Truffle Hound Capital, LLC1,000,000$841.1K0.5%New
Vanguard Fiduciary Trust Co937,604$788.5K0.0%−39,721
Renaissance Technologies LLC823,271$692.5K0.0%−197,968
Fmr LLC812,648$683.5K0.0%+15,742
Charles Schwab Investment Management Inc803,155$675.5K0.0%−192,942
Creative Planning742,044$624.1K0.0%+150,455
State Street Corp708,917$596.3K0.0%−2,284,421
Dimensional Fund Advisors LP702,327$589.9K0.0%−820,395
Squarepoint Ops LLC637,242$536.0K0.0%New

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How SelectQuote, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARSelectQuote, Inc.1
  • CIK0001794783
  • Employer ID (EIN)94-33392735
  • Filer statusAccelerated filer not an emerging growth company; a smaller reporting company; not a shell company5
  • Incorporated inDelaware5
  • Fiscal year endsJune 301
  • Industry code (SIC)6411 Insurance Agents, Brokers & Service1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business address6800 West 115Th Street, Suite 2511, Overland Park, KS 662111
  • Phone91327419941
  • Shares outstanding176,573,132 shares as of Jul 31, 20265
  • Public float$198.8M as of Dec 31, 20255
  • AuditorDeloitte & Touche LLP, Kansas City, Missouri PCAOB ID 34; it also attests to the company’s internal control over financial reporting5
  • On EDGAR sinceNov 27, 20191
  • Filings446 in all: 4 (253), 8-K (60), 3 (27), 10-Q (18), SC 13G/A (11), DEF 14A (8), DEFA14A (8), 10-K (7)1
    All 32 form types

    SC 13G (6), CORRESP (5), S-8 (5), S-1/A (4), UPLOAD (4), 8-K/A (3), 144 (2), 5 (2), DRS (2), DRS/A (2), DRSLTR (2), EFFECT (2), PRE 14A (2), S-1 (2), SCHEDULE 13G/A (2), 10-K/A (1), 10-Q/A (1), 424B1 (1), 424B4 (1), 8-A12B (1), CERT (1), NT 10-Q (1), S-1MEF (1), SCHEDULE 13G (1)

  • Latest filingsAnnual report (10-K) Aug 25, 2026
    Quarterly report (10-Q) May 5, 2026
    Proxy statement (DEF 14A) Sep 30, 2026
    Latest 8-K (8-K) Aug 25, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $0.01 per shareSLQTNew York Stock Exchange

From the cover page of the 10-K filed Aug 25, 2026 (Section 12(b) of the Exchange Act).5

Risk factors and legal proceedings

The risks SelectQuote, Inc. names in Item 1A of its 10-K filed Aug 25, 2026: 55 risks under these headings, as written.5

  • Risks Related to Our Business and Industry
  • Risks Related to Our Intellectual Property and Our Technology
  • Risks Related to Laws and Regulation
  • General Risk Factors
  • Our business may be harmed if we lose our relationships with our insurance carrier partners or fail to develop new insurance carrier relationships.
  • We currently depend on a small group of insurance carrier partners and their affiliates for a substantial portion of our business. If we become even more dependent on a limited number of insurance carrier partners, our business and financial condition may be adversely affected.
  • Changes in the health insurance market or in the variety, quality and affordability of the insurance products offered by our insurance carrier partners could harm our business, operating results, financial condition and prospects.
  • Our insurance carrier partners could determine to reduce the commissions paid to us and change their underwriting practices in ways that reduce the number of, or impact the renewal or approval rates of, insurance policies sold through our distribution platform, which could harm our business, operating results, financial condition and prospects.
  • Insurance carriers can offer products and services directly to consumers or through our competitors.
  • Pressure from existing and new competitors may adversely affect our business and operating results, financial condition and prospects.
  • Our business is substantially dependent on revenue from our Senior health insurance carrier partners and is subject to risks related to Senior health insurance and the larger health insurance industry. Our business may also be adversely affected by downturns in the life insurance industry.
  • Systemic changes in our insurance carrier partners’ sales strategies could adversely affect our business.
The other 47 risks
  • If we are unable to develop new offerings, achieve increased consumer adoption of those offerings or penetrate new vertical markets, our business, operating results, financial condition and prospects could be materially and adversely affected.
  • Risks from third-party products could adversely affect our businesses.
  • If our ability to enroll individuals during AEP and OEP is impeded, our business will be harmed.
  • If we are unable to attract, integrate and retain qualified personnel, our ability to develop and successfully grow our business could be harmed.
  • Our business is dependent on our obtaining a large quantity of quality insurance sales leads in a cost-effective manner.
  • Our business depends on our ability to convert sales leads to actual sales of insurance policies. If our conversion rate does not meet expectations, our business may be adversely affected.
  • We rely on data provided to us by consumers and our insurance carrier partners to improve our technology and service offerings, and if we are unable to maintain or grow such data, we may be unable to provide consumers with an insurance shopping experience that is relevant, efficient and effective, which could adversely affect our business.
  • Our ability to match consumers to insurance products that suit their needs is dependent upon their provision of accurate information during the insurance shopping process.
  • We depend upon internet search engines to attract a significant portion of the consumers who visit our website, and if we are unable to effectively advertise on search engines on a cost-effective basis our business, operating results, financial condition and prospects could be harmed.
  • Our business could be harmed if we are unable to contact consumers or market the availability of our products by telephone.
  • Global economic conditions that affect the financial stability of our insurance carrier partners, vendors, and consumers could, in turn, materially and adversely affect our revenue and results of operations.
  • If we are unable to attract new pharmacy customers and retain and grow our relationships with existing pharmacy customers, our business, results of operations, financial condition, and future prospects may be materially and adversely affected.
  • We face risks relating to the availability, pricing and safety profiles of prescription medications that we purchase and sell.
  • Changes in third-party reimbursement levels for prescription drugs and changes in industry pricing benchmarks could reduce our pharmacy margins and have a material adverse effect on our business.
  • We may be subject to significant liability should the consumption of any of the products offered through our pharmacy business cause injury, illness, or death.
  • We may acquire other companies or technologies, which could divert our management’s attention, result in additional dilution to our stockholders and otherwise disrupt our operations and harm our operating results, financial condition and prospects.
  • Impairment of the carrying value of our goodwill or other intangible assets could adversely affect our financial condition and results of operations.
  • Our existing and any future indebtedness could adversely affect our ability to operate our business.
  • Operating and growing our business may require additional capital, and if capital is not available to us, our business, operating results, financial condition and prospects may suffer.
  • If we fail to protect our brand, our ability to expand the use of our agency services by consumers may be adversely affected.
  • Seasonality may cause fluctuations in our financial results.
  • We rely on our insurance carrier partners to prepare accurate commission reports and send them to us in a timely manner.
  • Our operating results fluctuate depending upon the timing of insurance carrier payments, data and policy approval practices from our insurance carrier partners.
  • Our operating results will be impacted by factors that impact our estimate of the lifetime value of commissions per policyholder.
  • If we are unable to adequately protect our intellectual property, our ability to compete could be harmed.
  • We may become subject to intellectual property disputes, which are costly and may subject us to significant liability and increased costs of doing business.
  • Our business depends on our ability to maintain and improve the technological infrastructure that supports our distribution platform, and any significant disruption in service on our platform could result in a loss of consumers, which could harm our business, brand, operating results, financial condition and prospects.
  • Potential changes in applicable technology and consumer outreach techniques could have a material and adverse effect on our operating results, financial condition and prospects.
  • We rely on third-party service providers that provide the infrastructure for our technological systems, and any failure to maintain these relationships could harm our business.
  • Our business could be materially and adversely affected by a cybersecurity breach or other attack involving our computer systems or those of our insurance carrier partners or third-party service providers.
  • We collect, process, store, share, disclose and use consumer information and other data, and an actual or perceived failure to protect such information and data or respect users’ privacy could damage our reputation and brand and harm our business, operating results, financial condition and prospects.
  • Issues related to the development and use of artificial intelligence (AI) could give rise to legal and regulatory action, damage our reputation, or otherwise materially harm of our business.
  • Laws and regulations regulating insurance activities are complex and could have a material and adverse effect on our business, reduce our profitability, and potentially limit our growth.
  • Our Senior segment is subject to a complex legal and regulatory framework, and non-compliance with or changes in laws and regulations governing the marketing and sale of Medicare plans and other health-related products and services could harm our business, operating results, financial condition and prospects.
  • Our business may be harmed by competition from government-run health insurance exchanges.
  • Changes and developments in the regulation of the healthcare industry could adversely affect our business.
  • Changes and developments in the health insurance system and laws and regulations governing the health insurance markets in the United States could materially and adversely affect our business, operating results, financial condition and prospects.
  • Our business may be harmed if our website and marketing materials are not timely approved or do not comply with legal requirements.
  • Our healthcare services operations, including our pharmacy business, face regulatory and operational risks and uncertainties that differ from the risks of our other businesses.
  • We may not be able to maintain compliance with all current and potentially applicable U.S. federal and state or foreign laws and regulations, and actions by regulatory authorities or changes in legislation and regulation in the jurisdictions in which we operate could have a material adverse effect on our business.
  • If we are unable to regain compliance with the continued listing standards of the New York Stock Exchange (the “NYSE”), the NYSE may delist our common stock, which could have an adverse impact on the liquidity, trading volume, and market value of our common stock.
  • From time to time we are subject to various legal proceedings that could adversely affect our business.
  • Our communications with potential and existing customers are subject to laws regulating telephone and email marketing practices.
  • Any legal liability for the information we communicate to consumers could harm our business and operating results.
  • Our quarterly and annual operating results or other operating metrics may fluctuate significantly and may not meet expectations of research analysts, which could cause the trading price of our common stock to decline.
  • We are required to make significant estimates and assumptions in the preparation of our financial statements. These estimates and assumptions may not be accurate and are subject to change.
  • We do not intend to pay dividends in the foreseeable future.

Legal proceedings

From time to time we are a party to various litigation matters incidental to the conduct of our business. These legal matters primarily involve claims for damages arising out of the use of the Company’s services, insurance regulatory claims, and claims relating to intellectual property matters, employment matters, tax matters, commercial disputes, competition and sales practices. The Company may also become subject to lawsuits as a result of past or future acquisitions or as a result of liabilities retained from, or representations, warranties or indemnities provided in connection with, divested businesses. We are not presently party to any legal proceedings the resolution of which we believe would have a material adverse effect on our business, prospects, financial condition, liquidity, results of operation, cash flows or capital levels. However, in the event of unexpected further developments, it is possible that the ultimate resolution of these matters, or other similar matters, if unfavorable, may be materially adverse to our business, prospects, financial condition, liquidity, results of operation, cash flows or capital levels. For additional details, see Part II, Item 8, Note 11, Commitments and Contingencies – “Legal Contingencies and Obligations,” in the notes to consolidated financial statements in Item 8 of this Annual Report on Form 10-K, which is incorporated herein by reference.

The opening of Item 3, Legal Proceedings.5

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