SelectQuote Inc. shares fell 15% in early trading after the company reported a fourth-quarter adjusted loss and issued weak guidance for fiscal 2027.
The Overland Park, Kansas-based insurer posted an adjusted loss of $0.19 per share for the quarter ended June 30, compared with a consensus estimate of a $0.15 loss. Revenue totaled $321.7 million, missing the $345.29 million forecast and declining 7% from $345.1 million a year earlier. Net loss widened to $16.8 million from net income of $12.9 million in the same period last year.
Adjusted EBITDA improved to $11.9 million from $2.7 million year-over-year. Segment performance showed Senior Medicare Advantage revenue at $72.5 million with 72,180 approved policies, Healthcare Services revenue at $193.5 million with 109,039 SelectRx members, and Life segment revenue at $47.9 million.
For the full fiscal year 2026, revenue rose to $1.6 billion from $1.5 billion in 2025, while net income increased to $62.2 million from $47.6 million.
Fiscal 2027 guidance fell short of expectations. The company projected revenue between $1.35 billion and $1.45 billion, below the $1.65 billion consensus. Adjusted EBITDA was guided to $90 million to $115 million, with operating cash flow expected to exceed $60 million.
CEO Tim Danker emphasized the company's performance in the Medicare Advantage business despite industry challenges.
