SelectQuote (SLQT) Cost of Revenue (2019 - 2026)
SelectQuote (SLQT) posted Cost of Revenue of $171.3 million for Q1 2026, up 66.25% on a QoQ basis from $103.0 million in Q4 2025, and up 115.7% year-over-year from $79.4 million in Q1 2025.
SelectQuote (SLQT) Cost of Revenue (2019 - 2026) Analysis & Trends
SelectQuote's Cost of Revenue history runs 8 years deep, the most recent figure standing at $171.3 million for Q1 2026.
- Quarterly Cost of Revenue rose 115.7% year-over-year to $171.3 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $324.2 million (down 24.73% YoY) and the FY2025 annual result came in at $305.1 million, down 24.66% from the prior year.
- Cost of Revenue was $171.3 million for Q1 2026 at SelectQuote, up from $103.0 million in the prior quarter.
- Across five years, Cost of Revenue topped out at $192.8 million in Q3 2025 and bottomed at -$142.9 million in Q2 2025.
- A 5-year average of $80.7 million and a median of $91.5 million in 2022 frame the typical range for Cost of Revenue.
- Annual changes were most pronounced in 2024 — Cost of Revenue soared 1323.07% — and 2025, when it tumbled 218.45%.
- SelectQuote's Cost of Revenue stood at $91.5 million in 2022, then advanced by 2.95% to $94.2 million in 2023, then gained by 7.39% to $101.1 million in 2024, then advanced by 1.87% to $103.0 million in 2025, then jumped by 66.25% to $171.3 million in 2026.
- Business Quant data shows SLQT's Cost of Revenue at $171.3 million in Q1 2026, $103.0 million in Q4 2025, and $192.8 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | XChange TEC.INC | 120,003.58 Bn | 120,003.57 Bn | - | - |
| 2 | Marsh & Mclennan Companies | 87.96 Bn | 75.75 Bn | 6.04 Bn | 1.36 Bn |
| 3 | Aon | 78.60 Bn | 77.19 Bn | - | - |
| 4 | Arthur J. Gallagher | 65.15 Bn | 63.73 Bn | - | - |
| 5 | Willis Towers Watson | 28.74 Bn | 26.89 Bn | 1.98 Bn | 385.00 Mn |
| 6 | Brown & Brown | 23.32 Bn | 22.32 Bn | 1.61 Bn | 289.00 Mn |
| 7 | Neptune Insurance Holdings | 4.24 Bn | 4.23 Bn | 26.44 Mn | 11.35 Mn |
| 8 | Accelerant Holdings | 3.26 Bn | 1.72 Bn | 48.00 Mn | 81.80 Mn |
| 9 | Corvel | 3.10 Bn | 2.76 Bn | 54.92 Mn | 180.71 Mn |
| 10 | SelectQuote | 137.79 Mn | 102.58 Mn | 259.64 Mn | 171.29 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 171.29 Mn |
| Mar 31, 2026 | 171.29 Mn |
| Dec 31, 2025 | 103.03 Mn |
| Dec 31, 2025 | 103.03 Mn |
| Sep 30, 2025 | 192.78 Mn |
| Sep 30, 2025 | 192.78 Mn |
| Jun 30, 2025 | -142.90 Mn |
| Jun 30, 2025 | -142.90 Mn |
| Mar 31, 2025 | 79.41 Mn |
| Mar 31, 2025 | 79.41 Mn |
| Dec 31, 2024 | 101.14 Mn |
| Dec 31, 2024 | 101.14 Mn |
| Sep 30, 2024 | 129.52 Mn |
| Sep 30, 2024 | 129.52 Mn |
| Jun 30, 2024 | 120.64 Mn |
| Jun 30, 2024 | 120.64 Mn |
| Mar 31, 2024 | 84.32 Mn |
| Mar 31, 2024 | 84.32 Mn |
| Dec 31, 2023 | 94.18 Mn |
| Dec 31, 2023 | 94.18 Mn |