NASDAQ : QNST
QuinStreet, Inc. — Financial statements
Communication Services · Advertising Agencies · United States
Last price 17.4 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 993.30M
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Financial statements
QuinStreet, Inc. (QNST) reported revenue of 1.29B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 1.29B | 1.29B | 1.09B | 613.51M | 580.62M | 582.10M |
| Cost of Revenue | 1.15B | 1.15B | 982.84M | 567.27M | 532.10M | 528.37M |
| Gross Profit | 145.81M | 145.81M | 110.87M | 46.25M | 48.52M | 53.73M |
| Selling, General & Admin | 64.93M | 64.93M | 53.71M | 44.27M | 40.45M | 37.47M |
| Research & Development | 37.30M | 37.30M | 33.87M | 30.05M | 28.89M | 21.91M |
| Operating Expenses | 102.23M | 102.23M | 87.58M | 74.31M | 69.34M | 59.38M |
| Operating Income | 43.58M | 43.58M | 23.29M | -28.07M | -20.82M | -5.64M |
| Interest Expense | -4.39M | -4.39M | -400.00K | -680.00K | -790.00K | -1.07M |
| Interest & Investment Income | 96.00K | 96.00K | 23.00K | 408.00K | 296.00K | 10.00K |
| Other Non Operating Income (Expenses) | 81.00K | 81.00K | -183.00K | -59.00K | -52.00K | 21.00K |
| EBT Excluding Unusual Items | 39.36M | 39.36M | 22.73M | -28.40M | -21.36M | -6.69M |
| Merger & Restructuring Charges | -3.50M | -3.50M | ||||
| Gain (Loss) on Sale of Investments | -2.00M | |||||
| Other Unusual Items | -4.65M | -4.65M | -17.09M | 926.00K | ||
| Pretax Income | 31.21M | 31.21M | 5.63M | -30.40M | -21.36M | -5.76M |
| Income Tax Expense | -50.02M | -50.02M | 926.00K | 935.00K | 47.50M | -514.00K |
| Net Income | 81.23M | 81.23M | 4.71M | -31.33M | -68.87M | -5.25M |
| Net Income to Common | 81.23M | 81.23M | 4.71M | -31.33M | -68.87M | -5.25M |
| Shares Outstanding (Basic) | 57.18M | 57.18M | 56.48M | 54.92M | 53.80M | 54.34M |
| Shares Outstanding (Diluted) | 58.16M | 58.16M | 58.30M | 54.92M | 53.80M | 54.34M |
| EPS (Basic) | 1.42 | 1.42 | 0.08 | -0.57 | -1.28 | -0.10 |
| EPS (Diluted) | 1.40 | 1.40 | 0.08 | -0.57 | -1.28 | -0.10 |
| Free Cash Flow | 127.91M | 127.91M | 82.91M | 6.69M | 8.78M | 25.83M |
| Free Cash Flow Per Share | 2.20 | 2.20 | 1.42 | 0.12 | 0.16 | 0.47 |
| Gross Margin | 11.27% | 11.27% | 10.14% | 7.54% | 8.36% | 9.23% |
| Operating Margin | 3.37% | 3.37% | 2.13% | -4.57% | -3.58% | -0.97% |
| Profit Margin | 6.28% | 6.28% | 0.43% | -5.11% | -11.86% | -0.90% |
| Free Cash Flow Margin | 9.89% | 9.89% | 7.58% | 1.09% | 1.51% | 4.44% |
| EBITDA | 58.55M | 58.55M | 35.99M | -14.31M | -6.96M | 8.32M |
| EBITDA Margin | 4.53% | 4.53% | 3.29% | -2.33% | -1.20% | 1.43% |
| D&A For EBITDA | 14.97M | 14.97M | 12.71M | 13.76M | 13.86M | 13.96M |
| EBIT | 43.58M | 43.58M | 23.29M | -28.07M | -20.82M | -5.64M |
| EBIT Margin | 3.37% | 3.37% | 2.13% | -4.57% | -3.58% | -0.97% |
| Effective Tax Rate | 16.44% |
Balance sheet
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 128.31M | 128.31M | 101.08M | 50.49M | 73.68M | 96.44M |
| Cash & Short-Term Investments | 128.31M | 128.31M | 101.08M | 50.49M | 73.68M | 96.44M |
| Accounts Receivable | 181.22M | 181.22M | 135.80M | 111.79M | 67.75M | 81.43M |
| Other Receivables | 63.00K | 120.00K | 131.00K | |||
| Receivables | 181.22M | 181.22M | 135.80M | 111.85M | 67.87M | 81.56M |
| Prepaid Expenses | 6.42M | 6.42M | 7.84M | 6.22M | 8.24M | 4.20M |
| Other Current Assets | 643.00K | 643.00K | 802.00K | 533.00K | 1.42M | 598.00K |
| Total Current Assets | 316.61M | 316.61M | 245.53M | 169.09M | 151.20M | 182.79M |
| Property, Plant & Equipment | 23.70M | 23.70M | 26.44M | 30.30M | 20.29M | 16.11M |
| Goodwill | 261.42M | 261.42M | 125.06M | 125.06M | 121.14M | 121.14M |
| Other Intangible Assets | 66.29M | 66.29M | 28.48M | 38.01M | 38.70M | 49.70M |
| Long-Term Deferred Tax Assets | 47.32M | 47.32M | 44.22M | |||
| Other Long-Term Assets | 5.96M | 5.96M | 5.61M | 6.10M | 5.83M | 5.95M |
| Total Assets | 721.30M | 721.30M | 431.11M | 368.55M | 337.15M | 419.91M |
| Accounts Payable | 109.46M | 109.46M | 62.25M | 48.20M | 37.93M | 42.41M |
| Accrued Expenses | 122.12M | 122.12M | 84.41M | 65.73M | 40.69M | 54.46M |
| Current Portion of Leases | 2.75M | 2.75M | 2.81M | 3.09M | 3.32M | |
| Current Unearned Revenue | 114.00K | 114.00K | 9.00K | 341.00K | ||
| Other Current Liabilities | 25.53M | 25.53M | 13.57M | 9.37M | 7.88M | 12.37M |
| Total Current Liabilities | 259.97M | 259.97M | 163.04M | 126.40M | 89.82M | 109.58M |
| Long-Term Debt | 70.00M | 70.00M | ||||
| Long-Term Leases | 4.91M | 4.91M | 7.38M | 7.88M | 1.26M | 3.86M |
| Other Long-Term Liabilities | 63.33M | 63.33M | 16.64M | 17.44M | 16.27M | 20.47M |
| Total Liabilities | 398.21M | 398.21M | 187.06M | 151.72M | 107.35M | 133.91M |
| Common Stock | 57.00K | 57.00K | 58.00K | 55.00K | 54.00K | 53.00K |
| Additional Paid-In Capital | 367.77M | 367.77M | 369.96M | 347.45M | 329.09M | 316.42M |
| Retained Earnings | -44.47M | -44.47M | -125.70M | -130.41M | -99.08M | -30.21M |
| Comprehensive Income & Other | -268.00K | -268.00K | -268.00K | -268.00K | -266.00K | -261.00K |
| Shareholders' Equity | 323.09M | 323.09M | 244.04M | 216.82M | 229.80M | 286.00M |
| Total Liabilities & Equity | 721.30M | 721.30M | 431.11M | 368.55M | 337.15M | 419.91M |
| Total Debt | 77.66M | 77.66M | 10.20M | 10.97M | 4.58M | 3.86M |
| Net Cash (Debt) | 50.66M | 50.66M | 90.88M | 39.52M | 69.10M | 92.58M |
| Net Cash Per Share | 0.87 | 0.87 | 1.56 | 0.72 | 1.28 | 1.70 |
| Filing Date Shares Outstanding | 57.09M | 57.09M | 57.68M | 55.98M | 54.59M | 53.38M |
| Total Common Shares Outstanding | 56.49M | 56.49M | 57.16M | 55.47M | 54.19M | 53.36M |
| Working Capital | 56.63M | 56.63M | 82.48M | 42.69M | 61.38M | 73.21M |
| Book Value Per Share | 5.72 | 5.72 | 4.27 | 3.91 | 4.24 | 5.36 |
| Tangible Book Value | -4.62M | -4.62M | 90.51M | 53.76M | 69.96M | 115.16M |
| Tangible Book Value Per Share | -0.08 | -0.08 | 1.58 | 0.97 | 1.29 | 2.16 |
| Machinery | 15.82M | 15.82M | 14.46M | 13.63M | 12.58M | 17.77M |
| Leasehold Improvements | 4.22M | 4.22M | 4.19M | 3.89M | 1.38M | 3.01M |
Cash flow statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 81.23M | 81.23M | 4.71M | -31.33M | -68.87M | -5.25M |
| Depreciation & Amortization | 14.97M | 14.97M | 12.71M | 13.76M | 13.86M | 13.96M |
| Other Amortization | 10.20M | 10.20M | 11.80M | 10.20M | 5.30M | 3.00M |
| Loss (Gain) From Sale of Investments | 2.00M | |||||
| Stock-Based Compensation | 37.43M | 37.43M | 31.77M | 23.70M | 18.79M | 18.51M |
| Other Operating Activities | -41.28M | -41.28M | 19.75M | -151.00K | 48.85M | -1.70M |
| Change in Accounts Receivable | -41.67M | -41.67M | -26.20M | -44.93M | 10.94M | 5.54M |
| Change in Accounts Payable | 45.44M | 45.44M | 13.77M | 10.48M | -4.77M | -2.88M |
| Change in Other Net Operating Assets | 24.98M | 24.98M | 16.67M | 28.32M | -12.26M | -2.51M |
| Operating Cash Flow | 131.30M | 131.30M | 84.98M | 12.04M | 11.84M | 28.67M |
| Capital Expenditures | -3.40M | -3.40M | -2.07M | -5.35M | -3.06M | -2.84M |
| Cash Acquisitions | -105.26M | -105.26M | -4.51M | -1.80M | ||
| Sale (Purchase) of Intangibles | -10.92M | -10.92M | -9.37M | -11.38M | -11.94M | -4.67M |
| Other Investing Activities | 1.00M | 1.00M | -1.00K | -1.50M | -121.00K | 86.00K |
| Investing Cash Flow | -118.58M | -118.58M | -11.44M | -22.73M | -15.12M | -9.22M |
| Long-Term Debt Issued | 70.00M | 70.00M | ||||
| Long-Term Debt Repaid | -1.85M | -1.85M | ||||
| Net Debt Issued (Repaid) | 68.15M | 68.15M | ||||
| Issuance of Common Stock | 3.21M | 3.21M | 3.96M | 3.49M | 3.22M | 1.85M |
| Repurchase of Common Stock | -42.83M | -42.83M | -13.22M | -8.98M | -11.04M | -22.61M |
| Other Financing Activities | -14.00M | -14.00M | -13.73M | -7.03M | -11.64M | -12.56M |
| Financing Cash Flow | 14.54M | 14.54M | -23.00M | -12.51M | -19.46M | -33.31M |
| Foreign Exchange Rate Adjustments | -22.00K | -22.00K | 50.00K | 18.00K | -15.00K | -12.00K |
| Net Cash Flow | 27.24M | 27.24M | 50.59M | -23.19M | -22.76M | -13.88M |
| Free Cash Flow | 127.91M | 127.91M | 82.91M | 6.69M | 8.78M | 25.83M |
| Free Cash Flow Margin | 9.89% | 9.89% | 7.58% | 1.09% | 1.51% | 4.44% |
| Free Cash Flow Per Share | 2.20 | 2.20 | 1.42 | 0.12 | 0.16 | 0.47 |
| Levered Free Cash Flow | 125.92M | 125.92M | 70.21M | 8.70M | -4.82M | 27.23M |
| Unlevered Free Cash Flow | 128.67M | 128.67M | 70.46M | 9.13M | -4.32M | 27.90M |
| Cash Income Tax Paid | 2.08M | 2.08M | 576.00K | 470.00K | 372.00K | 396.00K |
| Change in Working Capital | 28.74M | 28.74M | 4.25M | -6.14M | -6.09M | 150.00K |
Ratios
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 993.30M | 841.57M | 916.93M | 917.04M | 477.86M | 551.36M |
| Enterprise Value | 942.65M | 817.95M | 845.99M | 888.85M | 420.22M | 452.24M |
| Last Close Price | 17.40 | 14.65 | 16.10 | 16.59 | 8.83 | 10.06 |
| PE Ratio | 12.43 | 10.36 | 194.80 | |||
| Forward PE | 15.70 | 14.70 | 28.88 | 75.83 | 75.83 | 75.83 |
| PS Ratio | 0.77 | 0.65 | 0.84 | 1.50 | 0.82 | 0.95 |
| PB Ratio | 3.04 | 2.60 | 3.76 | 4.23 | 2.08 | 1.93 |
| P/TBV Ratio | 10.13 | 17.06 | 6.83 | 4.79 | ||
| P/FCF Ratio | 7.77 | 6.58 | 11.06 | 137.06 | 54.45 | 21.35 |
| P/OCF Ratio | 7.56 | 6.41 | 10.79 | 76.17 | 40.37 | 19.23 |
| PEG Ratio | 1.12 | 21.04 | 21.04 | 21.04 | 21.04 | 3.03 |
| EV/Sales Ratio | 0.73 | 0.63 | 0.77 | 1.45 | 0.72 | 0.78 |
| EV/EBITDA Ratio | 16.10 | 13.97 | 23.50 | 54.38 | ||
| EV/EBIT Ratio | 21.63 | 18.77 | 36.33 | |||
| EV/FCF Ratio | 7.37 | 6.39 | 10.20 | 132.84 | 47.88 | 17.51 |
| Debt / Equity Ratio | 0.24 | 0.24 | 0.04 | 0.05 | 0.02 | 0.01 |
| Debt / EBITDA Ratio | 1.23 | 1.23 | 0.25 | 0.26 | ||
| Debt / FCF Ratio | 0.61 | 0.61 | 0.12 | 1.64 | 0.52 | 0.15 |
| Net Debt / Equity Ratio | -0.16 | -0.16 | -0.37 | -0.18 | -0.30 | -0.32 |
| Net Debt / EBITDA Ratio | -0.86 | -0.86 | -2.52 | 2.76 | 9.93 | -11.13 |
| Net Debt / FCF Ratio | -0.40 | -0.40 | -1.10 | -5.91 | -7.87 | -3.58 |
| Asset Turnover | 2.25 | 2.25 | 2.73 | 1.74 | 1.53 | 1.34 |
| Quick Ratio | 1.19 | 1.19 | 1.45 | 1.28 | 1.58 | 1.62 |
| Current Ratio | 1.22 | 1.22 | 1.51 | 1.34 | 1.68 | 1.67 |
| Return on Equity (ROE) | 28.65% | 28.65% | 2.04% | -14.03% | -26.70% | -1.81% |
| Return on Assets (ROA) | 4.73% | 4.73% | 3.64% | -4.97% | -3.44% | -0.81% |
| Return on Invested Capital (ROIC) | 15.58% | 20.48% | 11.78% | -16.61% | -11.76% | -2.92% |
| Return on Capital Employed (ROCE) | 9.40% | 9.40% | 8.70% | -11.60% | -8.40% | -1.80% |
| Earnings Yield | 8.05% | 9.65% | 0.51% | -3.42% | -14.41% | -0.95% |
| FCF Yield | 12.88% | 15.20% | 9.04% | 0.73% | 1.84% | 4.69% |
| Buyback Yield / Dilution | 0.24% | 0.24% | -6.16% | -2.08% | 0.99% | 1.43% |