SelectQuote, Inc. — Earnings Quality Grade F
SLQT · Financial Services
Major red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 36 days, change -5 days YoY
AR growth 0.9% vs revenue growth 15.5%
Revenue grew 15.5% but CFFO declined -176.6%
Small-cap context: Small-cap revenue/CFFO ratio is sensitive to growth-stage working-capital draws.
Expense Quality
No material inventory
CapEx growth -3.0% vs revenue 15.5%. Normal
SG&A/Gross Profit = 81.9%, exceeds 70%
Gross margin swung -6.5pp (45.2% → 38.7%)
Cash Flow Quality
CFFO < Net Income for 3 consecutive years
Small-cap context: Small-cap CFFO/NI often diverges from working-capital swings, not necessarily manipulation.
FCF is negative ($-0.0B)
Accruals ratio = 4.7%. Low accruals
Cash $0.0B covers only 8% of debt $0.4B
Balance Sheet Health
Goodwill+Intangibles $0.0B = 8% of equity. Manageable
Interest coverage = 0.9x (<2x). Financial stress
Other assets 10.3% vs revenue 15.5%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions negative for 2/3 years
Goodwill+Intangibles change -13% YoY. Normal
Manipulation Score
M-Score = -1.98 (grey zone)
Beneish M-Score
Altman Z-Score — Not Applicable
SelectQuote, Inc. is a financial company. Z-Score is designed for non-financial companies.
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25