Stock Track | SelectQuote Stock Soars 37% on $350M Investment, Q2 Earnings Beat

Stock Track
11 Feb

SelectQuote, Inc. (SLQT) witnessed a remarkable surge of 37.42% in its stock price during the pre-market trading session on Tuesday, February 11, 2025. This significant upward movement was fueled by two key catalysts:

Firstly, the company announced a $350 million strategic investment from funds managed by renowned firms such as Bain Capital, Morgan Stanley Private Credit, and Newlight Partners. This investment will enable SelectQuote to recapitalize its balance sheet, reduce its annual debt servicing costs, and provide ample liquidity and flexibility to fund future growth initiatives, particularly in its rapidly expanding Healthcare Services business.

Secondly, SelectQuote reported impressive financial results for the second quarter of fiscal 2025, surpassing market expectations. The company's revenue grew by 19% year-over-year to $481.1 million, driven by robust performance in both its Senior and Healthcare Services segments. Additionally, the company's net income surged to $53.2 million, while consolidated adjusted EBITDA increased by 30% compared to the same period last year, reaching $88 million with an 18% margin.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10