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QNST

QuinStreet, Inc.

QNST

QuinStreet, Inc. • NASDAQ
$13.96 ▼ -0.21% (-0.03)
Market Cap $793.76 M
52w High $25.50
52w Low $12.98
Dividend Yield 0%
P/E 77.56
Volume 172.31K
Outstanding Shares 56.86M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q1-2026 $285.853M ▲ $22.151M ▼ $4.535M ▲ 1.586% ▲ $0.08 ▲ $10.602M ▲
Q4-2025 $262.054M ▼ $23.974M ▲ $3.206M ▼ 1.223% ▼ $0.056 ▼ $9.691M ▼
Q3-2025 $269.842M ▼ $22.95M ▼ $4.416M ▲ 1.637% ▲ $0.078 ▲ $10.928M ▲
Q2-2025 $282.596M ▲ $28.142M ▼ $-1.549M ▼ -0.548% ▼ $-0.028 ▼ $4.77M ▼
Q1-2025 $279.219M $29.612M $-1.366M -0.489% $-0.025 $5.15M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q1-2026 $101.298M ▲ $442.644M ▲ $195.945M ▲ $246.699M ▲
Q4-2025 $101.078M ▲ $431.107M ▲ $187.063M ▲ $244.044M ▲
Q3-2025 $81.815M ▲ $417.235M ▲ $181.76M ▼ $235.475M ▲
Q2-2025 $57.835M ▲ $409.647M ▲ $185.395M ▲ $224.252M ▲
Q1-2025 $24.982M $401.172M $181.354M $219.818M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q1-2026 $4.535M ▲ $19.601M ▼ $-4.092M ▼ $-15.3M ▼ $219K ▼ $15.509M ▼
Q4-2025 $3.206M ▼ $29.897M ▼ $-3.056M ▼ $-7.611M ▼ $19.263M ▼ $26.842M ▼
Q3-2025 $4.416M ▲ $30.111M ▼ $-3.013M ▼ $-3.11M ▼ $23.98M ▼ $29.472M ▼
Q2-2025 $-1.549M ▼ $38.678M ▲ $-2.768M ▼ $-3.069M ▲ $32.853M ▲ $38.231M ▲
Q1-2025 $-1.366M $-13.706M $-2.606M $-9.206M $-25.506M $-14.143M

Revenue by Products

Product Q1-2025Q3-2025Q4-2025Q1-2026
Financial Service
Financial Service
 $210.00M ▲$200.00M ▼$410.00M ▲$210.00M ▼
Home Services
Home Services
 $70.00M ▲$70.00M ▲$130.00M ▲$80.00M ▼
Service Other
Service Other
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has been stuck at roughly the same level for several years, but the most recent year shows a clear step up, with sales meaningfully higher than in prior periods. Profitability has also moved in the right direction: the company went from notable losses two years ago, to smaller losses last year, to roughly breakeven or slightly profitable in the latest period. Margins are still thin, but the shift from loss-making to modestly profitable operations suggests that cost discipline and operating leverage are starting to show through. Overall, the income statement tells a story of a business that has come through a rough patch and is now stabilizing and beginning to grow again, but still operates with limited margin cushion.

Balance Sheet

Balance Sheet The balance sheet looks relatively conservative. The company holds a solid cash balance compared with its size and carries very little debt, which reduces financial risk and gives it some flexibility to navigate swings in demand. Total assets and shareholders’ equity have been fairly steady over time, indicating no aggressive balance sheet expansion or heavy leverage. Equity has drifted slightly lower from earlier years but not in a way that suggests distress. In simple terms, the company appears to be funding itself mostly through its own capital and cash generation, rather than relying on borrowing.

Cash Flow

Cash Flow Cash generation has been a quiet strength. Even in years when accounting profits were negative, operating cash flow stayed positive, which implies that the business model converts revenue into cash reasonably well. Free cash flow has closely tracked operating cash flow because capital spending is very light, consistent with an asset-light, technology-driven operation. In the latest year, cash flow strengthened noticeably, supporting the picture of an improving business. This steady free cash flow profile gives the company room to continue investing in its platforms and data while maintaining financial flexibility.

Competitive Edge

Competitive Edge QuinStreet operates in performance marketing, focusing on high-value niches such as insurance, financial services, and home services. Its edge comes from a long history in these verticals, proprietary technology platforms, and a large, structured data set on consumer behavior. This combination enables more precise targeting and better-quality leads for clients than many generic advertising firms can offer. Its pay-for-performance model also aligns its incentives with clients, helping build sticky, long-term relationships. At the same time, the company operates in a very competitive and rapidly evolving digital advertising market, where large platforms and other performance marketers continually push innovation and pricing pressure. Dependence on a few key verticals, especially insurance, also concentrates risk if conditions in those markets weaken.

Innovation and R&D

Innovation and R&D Innovation is central to QuinStreet’s strategy. Its core media platform manages the full journey from consumer click to final conversion and is increasingly powered by artificial intelligence and machine learning. These tools aim to better predict consumer intent, match users with the right offers, and continually optimize marketing spend. The company has also built specialized solutions, such as its end-to-end insurance rating and binding platform, and operates owned consumer sites that generate high-intent traffic. Acquisitions like Modernize have extended its reach into home services. Most of this innovation is software- and data-driven, so it shows up more in operating expenses than in heavy capital spending. The roadmap emphasizes deeper integration in core verticals, more AI-driven features, and potential strategic deals, all designed to widen its moat and lift margins over time.

Summary

Overall, QuinStreet looks like a recovering, asset-light performance marketing business with a solid technology backbone. The latest year marks a turning point, with revenue growth re-accelerating and profitability moving from losses toward modest gains, supported by consistently positive free cash flow and a low-debt balance sheet. Its competitive position rests on specialized data, proprietary platforms, and long experience in complex verticals such as insurance and financial services, but it remains exposed to the cyclicality and intense competition of digital advertising. Future progress will likely depend on the company’s ability to continue scaling its AI capabilities, deepen its vertical solutions, and maintain discipline on costs while growing in its chosen markets.

NEWS

November 13, 2025 · 4:02 PM UTC

QuinStreet to Participate at Stephens Investment Conference

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November 12, 2025 · 4:02 PM UTC

QuinStreet to Participate at Evercore Investment Conference

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November 6, 2025 · 4:07 PM UTC

QuinStreet Reports Results for First Quarter Fiscal 2026

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October 27, 2025 · 4:10 PM UTC

QuinStreet Sets Date to Announce Fiscal First Quarter 2026 Financial Results

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October 3, 2025 · 2:20 PM UTC

CarInsurance.com Report Reveals Stark Car Insurance Rate Gaps Between U.S. Cities

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