QuinStreet (QNST) Financials

$11.28 +0.13 (+1.17%)

Closing price 05/15/2026 04:00 PM Eastern

Extended Trading

$11.28 0.00 (-0.04%)

As of 05/15/2026 05:04 PM Eastern

Annual Income Statements for QuinStreet

This table shows QuinStreet's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	6/30/2014	6/30/2015	6/30/2016	6/30/2017	6/30/2018	6/30/2019	6/30/2020	6/30/2021	6/30/2022	6/30/2023	6/30/2024
Net Income / (Loss) Attributable to Common Shareholders	-146	-20	-19	-12	16	62	18	24	-5.25	-69	-31
Consolidated Net Income / (Loss)	-146	-20	-19	-12	16	62	18	24	-5.25	-69	-31
Net Income / (Loss) Continuing Operations	-146	-20	-19	-12	16	62	18	24	-5.25	-69	-31
Total Pre-Tax Income	-110	-20	-19	-13	17	11	19	29	-5.76	-21	-30
Total Operating Income	-108	-19	-19	-11	16	11	6.21	14	-4.72	-21	-28
Total Gross Profit	41	30	27	30	58	62	52	71	54	49	46
Total Revenue	283	282	298	300	404	455	490	578	582	581	614
Operating Revenue	283	282	298	300	404	455	490	578	582	581	614
Total Cost of Revenue	242	252	271	269	346	394	438	508	528	532	567
Operating Cost of Revenue	242	252	271	269	346	394	438	508	528	532	567
Total Operating Expenses	149	49	46	41	43	51	46	57	58	69	74
Selling, General & Admin Expense	17	17	17	16	19	30	23	26	26	28	31
Marketing Expense	16	15	12	9.19	10	8.76	8.88	11	11	13	14
Research & Development Expense	20	18	16	13	14	12	14	19	22	29	30
Total Other Income / (Expense), net	-2.22	-1.08	-0.41	-2.62	0.87	-0.01	12	15	-1.04	-0.55	-2.33
Interest Expense	3.83	3.82	0.59	0.35	0.00	0.37	0.70	1.30	1.08	0.79	0.68
Interest & Investment Income	0.12	0.07	0.06	0.14	0.18	0.29	0.23	0.04	0.01	0.30	0.41
Other Income / (Expense), net	1.49	2.67	0.11	-2.42	0.69	0.07	13	17	0.02	-0.05	-2.06
Income Tax Expense	36	-0.24	0.13	-1.08	0.57	-52	0.58	5.77	-0.51	48	0.94
Other Adjustments to Net Income / (Loss) Attributable to Common Shareholders)	-	-	-	-	-	-	-	-	0.01	0.01	0.00
Basic Earnings per Share	-	-	-	-	$0.34	-	$0.35	$0.44	($0.10)	($1.28)	($0.57)
Weighted Average Basic Shares Outstanding	43.53M	44.45M	45.20M	45.59M	46.42M	49.58M	51.53M	53.17M	54.34M	53.80M	54.92M
Diluted Earnings per Share	($3.36)	($0.45)	($0.43)	($0.27)	$0.32	$1.18	$0.34	$0.43	($0.10)	($1.28)	($0.57)
Weighted Average Diluted Shares Outstanding	43.53M	44.45M	45.20M	45.59M	49.87M	52.75M	53.39M	55.13M	54.34M	53.80M	54.92M
Weighted Average Basic & Diluted Shares Outstanding	43.53M	44.45M	45.20M	45.20M	46.90M	50.97M	52.66M	54.12M	53.38M	54.59M	55.98M

This table shows QuinStreet's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	-56	-11	-12	-7.05	-2.17	-1.37	-1.55	4.42	4.54	50	7.36
Consolidated Net Income / (Loss)	-56	-11	-12	-7.05	-2.16	-1.37	-1.55	4.42	4.54	50	7.36
Net Income / (Loss) Continuing Operations	-56	-11	-12	-7.05	-2.16	-1.37	-1.55	4.42	4.54	50	7.36
Total Pre-Tax Income	-5.28	-9.82	-11	-7.60	-1.68	-1.42	-1.59	4.89	4.72	1.31	8.18
Total Operating Income	-5.34	-9.90	-11	-5.33	-1.44	-1.21	-1.39	4.91	4.79	1.25	10
Total Gross Profit	11	7.65	6.85	14	17	28	27	28	27	28	41
Total Revenue	130	124	123	169	198	279	283	270	286	288	346
Operating Revenue	130	124	123	169	198	279	283	270	286	288	346
Total Cost of Revenue	120	116	116	154	181	251	256	242	259	260	305
Operating Cost of Revenue	120	116	116	154	181	251	256	242	259	260	305
Total Operating Expenses	16	18	18	20	19	30	28	23	22	26	31
Selling, General & Admin Expense	5.99	6.79	7.65	8.47	7.75	17	14	8.96	9.27	13	13
Marketing Expense	2.89	3.12	3.33	3.63	3.53	4.14	5.08	5.14	4.73	4.94	7.99
Research & Development Expense	7.06	7.64	7.27	7.55	7.59	8.62	8.71	8.85	8.16	8.32	10
Total Other Income / (Expense), net	0.06	0.08	0.09	-2.27	-0.24	-0.21	-0.21	-0.02	-0.07	0.06	-2.08
Interest Expense	0.16	0.11	0.11	0.29	0.17	0.12	0.13	0.07	0.07	0.07	2.10
Interest & Investment Income	0.23	0.17	0.17	0.05	0.03	0.01	0.00	0.00	0.00	0.09	0.00
Other Income / (Expense), net	-0.01	0.03	0.04	-2.03	-0.10	-0.10	-0.08	0.04	-0.01	0.05	0.02
Income Tax Expense	51	0.75	0.25	-0.56	0.49	-0.05	-0.05	0.48	0.18	-49	0.82
Basic Earnings per Share	($1.04)	($0.19)	($0.21)	($0.13)	($0.04)	($0.02)	($0.03)	$0.08	$0.08	$0.88	$0.13
Weighted Average Basic Shares Outstanding	53.80M	54.47M	54.76M	55.07M	54.92M	55.82M	56.34M	56.70M	57.36M	56.96M	57.21M
Diluted Earnings per Share	($1.04)	($0.19)	($0.21)	($0.13)	($0.04)	($0.02)	($0.03)	$0.08	$0.08	$0.87	$0.13
Weighted Average Diluted Shares Outstanding	53.80M	54.47M	54.76M	55.07M	54.92M	55.82M	56.34M	58.66M	58.77M	57.92M	58.04M
Weighted Average Basic & Diluted Shares Outstanding	54.59M	54.58M	54.89M	55.28M	55.98M	56.26M	56.47M	56.95M	56.75M	56.99M	57.45M

This table details how cash moves in and out of QuinStreet's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	6/30/2014	6/30/2015	6/30/2016	6/30/2017	6/30/2018	6/30/2019	6/30/2020	6/30/2021	6/30/2022	6/30/2023	6/30/2024
Net Change in Cash & Equivalents	-5.94	-24	-6.76	-3.37	15	-3.05	45	2.81	-14	-23	-23
Net Cash From Operating Activities	18	6.13	1.02	19	27	38	48	51	29	12	12
Net Cash From Continuing Operating Activities	18	6.13	1.02	19	27	38	48	51	29	12	12
Net Income / (Loss) Continuing Operations	-146	-20	-19	-12	16	62	18	24	-5.25	-69	-31
Consolidated Net Income / (Loss)	-146	-20	-19	-12	16	62	18	24	-5.25	-69	-31
Depreciation Expense	26	19	15	11	7.77	8.98	11	16	17	19	24
Non-Cash Adjustments To Reconcile Net Income	104	7.48	12	12	11	23	4.02	1.86	18	20	26
Changes in Operating Assets and Liabilities, net	35	-0.20	-6.41	7.68	-7.43	-57	14	9.00	-1.09	41	-6.67
Net Cash From Investing Activities	-11	33	-5.20	-3.37	-16	-37	8.87	-36	-9.23	-15	-23
Net Cash From Continuing Investing Activities	-11	33	-5.20	-3.37	-16	-37	8.87	-36	-9.23	-15	-23
Purchase of Property, Plant & Equipment	-11	-5.69	-5.34	-3.35	-2.76	-4.31	-4.25	-5.10	-7.51	-15	-17
Acquisitions	-0.88	-0.50	0.00	0.00	-14	-33	-2.00	-49	-1.80	0.00	-4.51
Other Investing Activities, net	-0.00	-0.09	0.14	-0.03	1.06	0.06	0.03	0.00	0.09	-0.12	-1.50
Net Cash From Financing Activities	-14	-63	-2.50	-19	3.89	-4.05	-12	-11	-33	-19	-13
Net Cash From Continuing Financing Activities	-14	-63	-2.50	-19	3.89	-4.05	-12	-11	-33	-19	-13
Repurchase of Common Equity	-	-	0.00	-2.49	-0.65	-	0.00	0.00	-15	-5.65	-2.29
Payment of Dividends	-	-	-	0.00	0.00	-1.95	-9.35	-7.69	-13	-12	-7.03
Issuance of Common Equity	-	-	-	-	-	-	-	4.36	1.85	3.22	3.49
Other Financing Activities, net	1.91	0.14	-2.46	-1.02	4.54	-2.10	-2.28	-7.98	-7.34	-5.39	-6.69
Other Net Changes in Cash	-	-	-	-0.03	0.11	0.03	0.14	-	-0.01	-	0.02
Cash Income Taxes Paid	1.57	0.24	0.86	0.39	0.25	0.33	0.37	0.29	0.40	0.37	0.47

This table details how cash moves in and out of QuinStreet's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	11	-17	-11	-5.92	11	-26	33	24	0.22	5.66	-4.92
Net Cash From Operating Activities	18	-4.97	-3.65	4.11	17	-14	39	30	20	22	37
Net Cash From Continuing Operating Activities	18	-4.97	-3.65	4.11	17	-14	39	30	20	22	37
Net Income / (Loss) Continuing Operations	-56	-11	-12	-7.05	-2.16	-1.37	-1.55	4.42	4.54	50	7.36
Consolidated Net Income / (Loss)	-56	-11	-12	-7.05	-2.16	-1.37	-1.55	4.42	4.54	50	7.36
Depreciation Expense	5.15	5.34	5.71	6.23	6.68	6.44	6.24	5.97	5.82	4.93	5.89
Non-Cash Adjustments To Reconcile Net Income	4.32	5.25	5.87	9.10	5.87	9.85	9.48	6.93	9.80	-37	9.41
Changes in Operating Assets and Liabilities, net	64	-4.99	-3.68	-4.16	6.17	-29	25	13	-0.55	3.93	14
Net Cash From Investing Activities	-4.47	-5.09	-4.28	-9.71	-3.65	-2.61	-2.77	-3.01	-4.09	-3.47	-107
Net Cash From Continuing Investing Activities	-4.47	-5.09	-4.28	-9.71	-3.65	-2.61	-2.77	-3.01	-4.09	-3.47	-107
Purchase of Property, Plant & Equipment	-4.47	-5.09	-4.28	-3.70	-3.65	-2.61	-2.77	-3.01	-4.09	-3.47	-3.16
Net Cash From Financing Activities	-2.78	-7.31	-2.85	-0.32	-2.03	-9.21	-3.07	-3.11	-15	-12	66
Net Cash From Continuing Financing Activities	-2.78	-7.31	-2.85	-0.32	-2.03	-9.21	-3.07	-3.11	-15	-12	66
Repurchase of Common Equity	-0.92	-1.43	-0.86	-	-	0.00	-	-	-6.75	-10	0.00
Payment of Dividends	-1.24	-5.28	-0.95	-0.34	-0.45	-5.14	-	-2.84	-4.61	-	-2.68
Issuance of Common Equity	0.01	1.58	0.12	1.60	0.20	1.36	0.01	2.55	1.33	-	1.87
Other Financing Activities, net	-0.65	-2.19	-1.16	-1.57	-1.77	-5.42	-3.08	-2.82	-5.28	-2.38	-1.77
Effect of Exchange Rate Changes	-0.00	-	-	-	-	-	-	-	-	-	0.00
Cash Income Taxes Paid	0.21	0.08	0.09	0.12	0.18	0.08	0.14	0.13	0.15	0.27	0.08

This table presents QuinStreet's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	6/30/2015	6/30/2016	6/30/2017	6/30/2018	6/30/2019	6/30/2020	6/30/2021	6/30/2022	6/30/2023	6/30/2024	6/30/2025
Total Assets	205	193	174	220	325	358	450	420	337	369	431
Total Current Assets	118	108	100	138	143	186	206	183	151	169	246
Cash & Equivalents	60	54	50	65	63	108	110	96	74	50	101
Accounts Receivable	46	47	44	68	76	64	88	81	68	112	136
Prepaid Expenses	12	7.06	6.23	4.43	5.23	14	7.93	4.92	9.78	6.81	8.64
Plant, Property, & Equipment, net	8.57	7.68	5.61	4.21	5.41	5.66	6.85	9.31	17	20	17
Total Noncurrent Assets	78	77	69	78	176	167	236	228	169	180	169
Goodwill	56	56	56	62	83	81	118	121	121	125	125
Intangible Assets	19	10	4.11	8.57	35	28	59	50	39	38	28
Noncurrent Deferred & Refundable Income Taxes	-	-	-	0.06	52	49	43	44	-	0.00	0.00
Other Noncurrent Operating Assets	3.06	11	8.62	7.55	6.01	9.65	16	13	9.36	17	15
Total Liabilities & Shareholders' Equity	205	193	174	220	325	358	450	420	337	369	431
Total Liabilities	70	68	56	72	102	102	154	134	107	152	187
Total Current Liabilities	49	64	53	68	84	86	116	110	90	126	163
Short-Term Debt	0.05	15	-	-	-	-	-	-	-	-	14
Accounts Payable	20	20	25	33	37	37	45	42	38	48	62
Accrued Expenses	27	28	26	35	37	42	58	54	44	69	87
Total Noncurrent Liabilities	21	4.63	3.67	3.94	18	17	39	24	18	25	24
Long-Term Debt	15	-	-	-	-	-	-	-	-	-	0.00
Other Noncurrent Operating Liabilities	5.74	4.63	3.67	3.94	18	17	30	24	18	25	24
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	136	125	118	148	223	256	295	286	230	217	244
Total Preferred & Common Equity	136	125	118	148	223	256	295	286	230	217	244
Total Common Equity	136	125	118	148	223	256	295	286	230	217	244
Common Stock	249	258	264	278	290	305	320	316	329	348	370
Retained Earnings	-113	-133	-145	-129	-67	-49	-25	-30	-99	-130	-126
Accumulated Other Comprehensive Income / (Loss)	-0.41	-0.42	-0.46	-0.38	-0.37	-0.24	-0.26	-0.26	-0.27	-0.27	-0.27

This table presents QuinStreet's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	12/31/2022	3/31/2023	9/30/2023	12/31/2023	3/31/2024	9/30/2024	12/31/2024	3/31/2025	9/30/2025	12/31/2025	3/31/2026
Total Assets	392	412	321	321	349	401	410	417	443	493	704
Total Current Assets	156	177	133	128	147	206	219	228	260	268	295
Cash & Equivalents	79	63	56	46	40	25	58	82	101	107	102
Accounts Receivable	71	106	68	75	100	174	150	137	150	152	185
Prepaid Expenses	5.21	8.73	8.69	7.83	7.53	7.57	11	9.33	8.37	8.63	8.36
Plant, Property, & Equipment, net	13	15	20	21	21	19	18	17	17	17	17
Total Noncurrent Assets	223	220	169	172	182	176	173	172	166	208	392
Goodwill	121	121	121	121	125	125	125	125	125	125	262
Intangible Assets	44	41	36	34	41	36	33	31	26	25	72
Noncurrent Deferred & Refundable Income Taxes	47	48	0.00	0.00	0.00	0.00	0.00	0.00	0.00	45	45
Other Noncurrent Operating Assets	11	9.99	12	18	16	15	15	16	15	14	14
Total Liabilities & Shareholders' Equity	392	412	321	321	349	401	410	417	443	493	704
Total Liabilities	112	128	99	106	134	181	185	182	196	199	394
Total Current Liabilities	96	113	83	85	109	158	160	157	172	177	249
Short-Term Debt	-	-	-	-	-	-	-	-	-	-	25
Accounts Payable	38	41	34	34	41	60	55	56	75	71	90
Accrued Expenses	47	63	41	45	58	87	91	87	89	97	133
Total Noncurrent Liabilities	16	15	15	21	25	23	26	25	24	21	145
Long-Term Debt	-	-	-	-	-	-	-	-	-	-	70
Other Noncurrent Operating Liabilities	16	15	15	21	25	23	26	25	24	21	75
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	280	285	222	215	215	220	224	235	247	294	310
Total Preferred & Common Equity	280	285	222	215	215	220	224	235	247	294	310
Total Common Equity	280	285	222	215	215	220	224	235	247	294	310
Common Stock	323	328	332	337	343	352	358	365	368	366	374
Retained Earnings	-43	-43	-110	-121	-128	-132	-133	-129	-121	-71	-64
Accumulated Other Comprehensive Income / (Loss)	-0.27	-0.27	-0.27	-0.27	-0.27	-0.27	-0.27	-0.27	-0.27	-0.27	-0.27

This table displays calculated financial ratios and metrics derived from QuinStreet's official financial filings.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	6/30/2014	6/30/2015	6/30/2016	6/30/2017	6/30/2018	6/30/2019	6/30/2020	6/30/2021	6/30/2022	6/30/2023	6/30/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-7.39%	-0.14%	5.52%	0.70%	34.88%	12.56%	7.73%	17.98%	0.62%	-0.25%	5.66%
EBITDA Growth	-42.12%	102.94%	-255.65%	53.66%	1,514.56%	-17.93%	54.91%	52.76%	-73.79%	-113.97%	-260.01%
EBIT Growth	-19.80%	84.50%	-13.67%	30.28%	224.79%	-33.86%	77.40%	59.70%	-115.36%	-344.28%	-44.36%
NOPAT Growth	-21.57%	82.24%	1.58%	43.50%	302.18%	314.30%	-90.39%	86.06%	-129.53%	-341.20%	-34.82%
Net Income Growth	-117.31%	86.33%	2.94%	37.14%	230.49%	292.22%	-71.03%	30.12%	-122.28%	-1,212.23%	54.50%
EPS Growth	-114.01%	86.61%	4.44%	37.21%	218.52%	268.75%	-71.19%	26.47%	-123.26%	-1,180.00%	55.47%
Operating Cash Flow Growth	-63.73%	-66.63%	-83.45%	1,726.21%	45.55%	40.72%	25.40%	6.32%	-43.35%	-58.71%	1.70%
Free Cash Flow Firm Growth	96.01%	-105.82%	-128.17%	210.77%	-100.23%	-61,949.54%	226.34%	-288.76%	101.52%	3,589.05%	-258.27%
Invested Capital Growth	-59.11%	-9.48%	-4.57%	-20.37%	22.06%	91.70%	-7.41%	30.28%	-1.97%	-17.64%	6.54%
Revenue Q/Q Growth	-2.80%	1.20%	2.83%	0.81%	8.01%	2.35%	-1.01%	6.29%	-0.80%	-2.71%	12.47%
EBITDA Q/Q Growth	-446.34%	102.56%	0.05%	41.60%	35.56%	-7.16%	-3.80%	9.96%	-36.43%	-390.34%	46.40%
EBIT Q/Q Growth	-3,029.15%	85.43%	2.30%	15.88%	73.65%	-17.75%	-7.60%	10.89%	-292.42%	-17.80%	11.23%
NOPAT Q/Q Growth	-3,192.01%	83.72%	0.63%	32.48%	40.54%	-3.46%	-41.98%	68.05%	-156.95%	-18.00%	12.20%
Net Income Q/Q Growth	-197.43%	82.41%	8.03%	13.86%	74.27%	-3.11%	-9.56%	8.62%	-271.17%	-284.34%	63.17%
EPS Q/Q Growth	-197.35%	82.69%	8.51%	15.63%	77.78%	-4.07%	-8.11%	7.50%	-266.67%	-276.47%	63.69%
Operating Cash Flow Q/Q Growth	-44.02%	-39.74%	-53.01%	118.02%	5.50%	-7.39%	10.02%	2.93%	-18.99%	658.85%	-10.50%
Free Cash Flow Firm Q/Q Growth	20.68%	-113.13%	16.63%	726.75%	-103.10%	-445.55%	524.19%	-99.93%	161.21%	145.01%	-225.31%
Invested Capital Q/Q Growth	-50.50%	1.98%	0.02%	-10.53%	-3.41%	8.87%	-8.27%	4.32%	-1.27%	-29.54%	-5.15%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	14.38%	10.68%	8.98%	10.13%	14.45%	13.54%	10.70%	12.19%	9.23%	8.36%	7.54%
EBITDA Margin	-28.45%	0.84%	-1.23%	-0.57%	5.96%	4.34%	6.25%	8.09%	2.11%	-0.30%	-1.01%
Operating Margin	-38.22%	-6.80%	-6.34%	-3.56%	3.87%	2.36%	1.27%	2.41%	-0.81%	-3.59%	-4.57%
EBIT Margin	-37.69%	-5.85%	-6.30%	-4.36%	4.04%	2.37%	3.91%	5.29%	-0.81%	-3.59%	-4.91%
Profit (Net Income) Margin	-51.82%	-7.09%	-6.52%	-4.07%	3.94%	13.73%	3.69%	4.07%	-0.90%	-11.86%	-5.11%
Tax Burden Percent	132.86%	98.80%	100.69%	91.87%	96.52%	582.89%	96.87%	80.31%	91.08%	322.38%	103.08%
Interest Burden Percent	103.48%	122.69%	102.79%	101.59%	101.11%	99.29%	97.57%	95.89%	122.67%	102.37%	100.90%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	3.48%	-482.89%	3.13%	19.69%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-44.05%	-14.15%	-15.00%	-9.66%	19.84%	51.27%	3.89%	6.54%	-1.72%	-8.43%	-12.18%
ROIC Less NNEP Spread (ROIC-NNEP)	131.18%	0.33%	-0.24%	1.09%	18.37%	51.34%	-10.33%	-5.28%	0.24%	55.40%	6.64%
Return on Net Nonoperating Assets (RNNOA)	-25.01%	-0.11%	0.08%	-0.39%	-7.88%	-17.60%	3.67%	2.00%	-0.08%	-18.27%	-1.85%
Return on Equity (ROE)	-69.05%	-14.25%	-14.92%	-10.05%	11.96%	33.67%	7.56%	8.55%	-1.81%	-26.70%	-14.03%
Cash Return on Invested Capital (CROIC)	39.87%	-4.20%	-10.31%	13.03%	-0.03%	-11.61%	11.58%	-19.75%	0.27%	10.92%	-18.52%
Operating Return on Assets (OROA)	-30.15%	-6.85%	-9.42%	-7.12%	8.27%	3.96%	5.61%	7.57%	-1.08%	-5.51%	-8.54%
Return on Assets (ROA)	-41.45%	-8.30%	-9.75%	-6.65%	8.07%	22.93%	5.30%	5.83%	-1.21%	-18.19%	-8.88%
Return on Common Equity (ROCE)	-69.05%	-14.25%	-14.92%	-10.05%	11.96%	33.67%	7.56%	8.55%	-1.81%	-26.70%	-14.03%
Return on Equity Simple (ROE_SIMPLE)	-100.86%	-14.76%	-15.57%	-10.34%	10.74%	28.04%	7.07%	7.98%	-1.84%	-29.97%	-14.45%
Net Operating Profit after Tax (NOPAT)	-76	-13	-13	-7.46	15	63	6.01	11	-3.30	-15	-20
NOPAT Margin	-26.75%	-4.76%	-4.44%	-2.49%	3.73%	13.74%	1.23%	1.93%	-0.57%	-2.51%	-3.20%
Net Nonoperating Expense Percent (NNEP)	-175.23%	-14.48%	-14.76%	-10.75%	1.47%	-0.07%	14.22%	11.82%	-1.96%	-63.83%	-18.82%
Cost of Revenue to Revenue	85.62%	89.32%	91.02%	89.87%	85.55%	86.46%	89.30%	87.81%	90.77%	91.64%	92.46%
SG&A Expenses to Revenue	6.03%	5.96%	5.77%	5.32%	4.59%	6.55%	4.73%	4.54%	4.38%	4.81%	5.00%
R&D to Revenue	6.92%	6.36%	5.52%	4.50%	3.41%	2.71%	2.90%	3.34%	3.76%	4.98%	4.90%
Operating Expenses to Revenue	52.60%	17.48%	15.32%	13.69%	10.58%	11.19%	9.44%	9.79%	10.04%	11.94%	12.11%
Earnings before Interest and Taxes (EBIT)	-106	-17	-19	-13	16	11	19	31	-4.70	-21	-30
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-80	2.36	-3.68	-1.70	24	20	31	47	12	-1.71	-6.17
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.66	2.12	1.29	1.61	4.04	3.57	2.12	3.38	1.93	2.08	4.23
Price to Tangible Book Value (P/TBV)	4.14	4.76	2.75	3.28	7.73	7.56	3.69	8.43	4.79	6.83	17.06
Price to Revenue (P/Rev)	0.85	1.02	0.54	0.63	1.48	1.75	1.11	1.72	0.95	0.82	1.49
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	37.58	12.72	30.02	42.29	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	2.66%	7.86%	3.33%	2.36%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.97	2.68	1.42	2.04	6.38	4.57	2.94	4.63	2.40	2.59	5.21
Enterprise Value to Revenue (EV/Rev)	0.69	0.86	0.41	0.47	1.32	1.61	0.89	1.55	0.78	0.70	1.41
Enterprise Value to EBITDA (EV/EBITDA)	0.00	102.49	0.00	0.00	22.16	37.04	14.23	19.12	37.09	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	32.71	67.84	22.76	29.24	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	35.38	11.71	72.52	79.98	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	10.66	39.45	120.71	7.55	19.79	19.29	9.16	17.67	15.87	34.14	71.98
Enterprise Value to Free Cash Flow (EV/FCFF)	2.86	0.00	0.00	13.91	0.00	0.00	24.38	0.00	889.56	21.42	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.53	0.11	0.12	0.00	0.00	0.00	0.00	0.03	0.00	0.00	0.00
Long-Term Debt to Equity	0.41	0.11	0.00	0.00	0.00	0.00	0.00	0.03	0.00	0.00	0.00
Financial Leverage	-0.19	-0.32	-0.32	-0.36	-0.43	-0.34	-0.36	-0.38	-0.34	-0.33	-0.28
Leverage Ratio	1.67	1.72	1.53	1.51	1.48	1.47	1.43	1.47	1.50	1.47	1.58
Compound Leverage Factor	1.72	2.11	1.57	1.54	1.50	1.46	1.39	1.41	1.84	1.50	1.59
Debt to Total Capital	34.74%	9.99%	10.73%	0.00%	0.00%	0.00%	0.00%	2.81%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	7.96%	0.03%	10.73%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	26.78%	9.96%	0.00%	0.00%	0.00%	0.00%	0.00%	2.81%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	65.26%	90.01%	89.27%	100.00%	100.00%	100.00%	100.00%	97.19%	100.00%	100.00%	100.00%
Debt to EBITDA	-0.96	6.37	-4.08	0.00	0.00	0.00	0.00	0.18	0.00	0.00	0.00
Net Debt to EBITDA	0.57	-19.24	10.53	0.00	0.00	0.00	0.00	-2.18	0.00	0.00	0.00
Long-Term Debt to EBITDA	-0.74	6.35	0.00	0.00	0.00	0.00	0.00	0.18	0.00	0.00	0.00
Debt to NOPAT	-1.02	-1.12	-1.14	0.00	0.00	0.00	0.00	0.76	0.00	0.00	0.00
Net Debt to NOPAT	0.60	3.38	2.93	0.00	0.00	0.00	0.00	-9.10	0.00	0.00	0.00
Long-Term Debt to NOPAT	-0.79	-1.12	0.00	0.00	0.00	0.00	0.00	0.76	0.00	0.00	0.00
Altman Z-Score	0.86	3.22	1.95	2.66	6.63	6.13	4.87	5.55	3.93	4.00	4.67
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.67	2.42	1.69	1.90	2.02	1.71	2.16	1.78	1.67	1.68	1.34
Quick Ratio	2.49	2.19	1.58	1.78	1.96	1.65	2.00	1.71	1.62	1.57	1.28
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	68	-3.98	-9.09	10	-0.02	-14	18	-34	0.51	19	-30
Operating Cash Flow to CapEx	170.71%	107.82%	19.00%	554.14%	978.92%	881.27%	1,119.40%	992.45%	381.58%	78.90%	71.98%
Free Cash Flow to Firm to Interest Expense	17.89	-1.04	-15.53	29.09	0.00	-38.57	25.69	-26.05	0.48	23.88	-43.91
Operating Cash Flow to Interest Expense	4.80	1.61	1.74	53.57	0.00	103.45	68.40	39.05	26.67	14.98	17.70
Operating Cash Flow Less CapEx to Interest Expense	1.99	0.12	-7.39	43.90	0.00	91.71	62.29	35.12	19.68	-4.01	-6.89
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.80	1.17	1.50	1.63	2.05	1.67	1.44	1.43	1.34	1.53	1.74
Accounts Receivable Turnover	7.03	6.40	6.37	6.57	7.19	6.32	7.00	7.59	6.87	7.78	6.83
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	27.13	28.66	36.66	45.11	82.32	94.62	88.61	92.51	72.04	44.56	33.52
Accounts Payable Turnover	12.65	12.62	13.47	11.97	11.99	11.31	11.86	12.39	12.06	13.25	13.17
Days Sales Outstanding (DSO)	51.91	57.06	57.29	55.57	50.80	57.79	52.14	48.08	53.10	46.89	53.41
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	28.85	28.93	27.10	30.50	30.44	32.28	30.78	29.46	30.27	27.55	27.71
Cash Conversion Cycle (CCC)	23.06	28.14	30.19	25.07	20.35	25.51	21.36	18.62	22.83	19.34	25.70
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	100	90	86	69	84	160	148	193	190	156	166
Invested Capital Turnover	1.65	2.97	3.38	3.88	5.32	3.73	3.18	3.38	3.04	3.36	3.81
Increase / (Decrease) in Invested Capital	-144	-9.44	-4.12	-18	15	77	-12	45	-3.81	-33	10
Enterprise Value (EV)	196	242	123	140	534	732	436	894	455	404	867
Market Capitalization	241	287	161	190	599	795	543	996	551	478	917
Book Value per Share	$3.31	$3.04	$2.75	$2.60	$3.15	$4.44	$4.93	$5.50	$5.22	$4.25	$3.92
Tangible Book Value per Share	$1.33	$1.36	$1.29	$1.27	$1.64	$2.10	$2.83	$2.20	$2.10	$1.29	$0.97
Total Capital	222	151	140	118	148	223	256	304	286	230	217
Total Debt	77	15	15	0.00	0.00	0.00	0.00	8.55	0.00	0.00	0.00
Total Long-Term Debt	60	15	0.00	0.00	0.00	0.00	0.00	8.55	0.00	0.00	0.00
Net Debt	-46	-45	-39	-50	-65	-63	-108	-102	-96	-74	-50
Capital Expenditures (CapEx)	11	5.69	5.34	3.35	2.76	4.31	4.25	5.10	7.51	15	17
Debt-free, Cash-free Net Working Capital (DFCFNWC)	5.30	9.13	5.55	-2.27	4.89	-2.84	-7.77	-20	-23	-12	-7.80
Debt-free Net Working Capital (DFNWC)	128	70	59	47	70	60	100	91	73	61	43
Net Working Capital (NWC)	110	70	44	47	70	60	100	91	73	61	43
Net Nonoperating Expense (NNE)	71	6.58	6.21	4.74	-0.84	0.05	-12	-12	1.95	54	12
Net Nonoperating Obligations (NNO)	-46	-45	-39	-50	-65	-63	-108	-102	-96	-74	-50
Total Depreciation and Amortization (D&A)	26	19	15	11	7.77	8.98	11	16	17	19	24
Debt-free, Cash-free Net Working Capital to Revenue	1.88%	3.24%	1.87%	-0.76%	1.21%	-0.62%	-1.59%	-3.41%	-3.99%	-2.12%	-1.27%
Debt-free Net Working Capital to Revenue	45.34%	24.67%	19.91%	15.78%	17.21%	13.11%	20.34%	15.66%	12.58%	10.57%	6.96%
Net Working Capital to Revenue	39.08%	24.65%	14.87%	15.78%	17.21%	13.11%	20.34%	15.66%	12.58%	10.57%	6.96%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.35	$0.44	($0.10)	($1.28)	($0.57)
Adjusted Weighted Average Basic Shares Outstanding	43.53M	44.45M	45.20M	45.59M	46.42M	49.58M	51.53M	53.17M	54.34M	53.80M	54.92M
Adjusted Diluted Earnings per Share	($3.36)	($0.45)	($0.43)	($0.27)	$0.32	$1.18	$0.34	$0.43	($0.10)	($1.28)	($0.57)
Adjusted Weighted Average Diluted Shares Outstanding	43.53M	44.45M	45.20M	45.59M	49.87M	52.75M	53.39M	55.13M	54.34M	53.80M	54.92M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	44.38M	45.00M	45.75M	45.71M	49.08M	50.97M	52.66M	54.12M	53.38M	54.59M	55.98M
Normalized Net Operating Profit after Tax (NOPAT)	-8.64	-13	-13	-5.76	15	7.51	6.01	11	-3.30	-15	-20
Normalized NOPAT Margin	-3.06%	-4.76%	-4.44%	-1.92%	3.73%	1.65%	1.23%	1.93%	-0.57%	-2.51%	-3.20%
Pre Tax Income Margin	-39.00%	-7.18%	-6.48%	-4.43%	4.08%	2.36%	3.81%	5.07%	-0.99%	-3.68%	-4.95%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-27.84	-4.32	-32.07	-37.80	0.00	29.42	27.52	23.60	-4.37	-26.42	-44.30
NOPAT to Interest Expense	-19.76	-3.52	-22.58	-21.57	0.00	170.37	8.64	8.63	-3.07	-18.44	-28.89
EBIT Less CapEx to Interest Expense	-30.65	-5.81	-41.20	-47.47	0.00	17.68	21.41	19.67	-11.36	-45.41	-68.90
NOPAT Less CapEx to Interest Expense	-22.58	-5.01	-31.71	-31.24	0.00	158.63	2.53	4.69	-10.06	-37.44	-53.49
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	3.12%	51.64%	32.64%	-239.31%	-16.91%	-22.43%
Augmented Payout Ratio	0.00%	0.00%	0.00%	-20.37%	4.06%	3.12%	51.64%	32.64%	-530.24%	-25.11%	-29.73%

This table displays calculated financial ratios and metrics derived from QuinStreet's official financial filings.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	56,751,575.00	56,993,939.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	56,751,575.00	56,993,939.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	0.89	0.13
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-11.05%	-13.70%	-8.48%	-2.37%	52.19%	125.32%	130.35%	60.06%	2.38%	1.86%	28.27%
EBITDA Growth	-109.25%	-712.19%	-25.12%	-131.96%	2,737.95%	213.33%	184.46%	1,062.56%	106.37%	30.63%	48.02%
EBIT Growth	-143.78%	-100.61%	-23.70%	-417.95%	71.25%	86.78%	87.05%	167.34%	466.59%	187.90%	107.49%
NOPAT Growth	-146.79%	-102.14%	-24.24%	-278.42%	73.04%	87.81%	87.82%	218.77%	644.71%	5,020.90%	108.33%
Net Income Growth	-1,030.71%	-133.89%	-44.81%	-1,371.40%	96.13%	87.07%	86.59%	162.66%	431.99%	3,342.54%	66.71%
EPS Growth	-940.00%	-137.50%	-40.00%	-1,200.00%	96.15%	89.47%	85.71%	161.54%	500.00%	3,000.00%	62.50%
Operating Cash Flow Growth	133.64%	-187.78%	-48.24%	144.05%	-7.86%	-175.61%	1,158.51%	632.63%	243.01%	-44.09%	22.65%
Free Cash Flow Firm Growth	1,191.38%	112.33%	197.79%	239.01%	-137.78%	-219.53%	-89.80%	-38.46%	282.25%	1,041.04%	-639.18%
Invested Capital Growth	-17.64%	-16.05%	-15.43%	-20.85%	6.54%	17.35%	-1.95%	-12.38%	-25.37%	12.66%	97.72%
Revenue Q/Q Growth	-24.53%	-4.90%	-1.00%	37.42%	17.64%	40.79%	1.21%	-4.51%	0.00%	0.70%	20.25%
EBITDA Q/Q Growth	-105.49%	-2,224.10%	-24.54%	79.89%	553.22%	-0.16%	-7.18%	129.18%	0.00%	-41.25%	159.69%
EBIT Q/Q Growth	-276.21%	-84.62%	-15.07%	35.19%	79.12%	15.09%	-12.72%	436.91%	0.00%	-72.97%	695.28%
NOPAT Q/Q Growth	-278.85%	-85.44%	-15.11%	53.21%	73.01%	16.12%	-15.00%	556.27%	0.00%	938.87%	-80.68%
Net Income Q/Q Growth	-11,568.27%	81.10%	-9.36%	39.00%	69.30%	36.88%	-13.40%	385.09%	0.00%	1,007.54%	-85.34%
EPS Q/Q Growth	-10,300.00%	81.73%	-10.53%	38.10%	69.23%	50.00%	-50.00%	366.67%	0.00%	987.50%	-85.06%
Operating Cash Flow Q/Q Growth	292.57%	-127.68%	26.52%	212.48%	302.82%	-182.79%	382.20%	-22.15%	0.00%	10.32%	70.80%
Free Cash Flow Firm Q/Q Growth	197.21%	-16.48%	-7.35%	84.80%	-126.42%	-164.25%	107.91%	1,014.79%	0.00%	-50.50%	-626.77%
Invested Capital Q/Q Growth	-29.54%	6.35%	2.23%	3.32%	-5.15%	17.13%	-14.59%	-7.67%	0.00%	28.94%	62.05%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	8.13%	6.17%	5.59%	8.49%	8.79%	10.17%	9.47%	10.33%	9.42%	9.63%	11.94%
EBITDA Margin	-0.15%	-3.66%	-4.60%	-0.67%	2.59%	1.84%	1.69%	4.05%	3.71%	2.16%	4.67%
Operating Margin	-4.10%	-7.99%	-9.29%	-3.16%	-0.73%	-0.43%	-0.49%	1.82%	1.68%	0.43%	2.97%
EBIT Margin	-4.10%	-7.96%	-9.26%	-4.37%	-0.78%	-0.47%	-0.52%	1.84%	1.67%	0.45%	2.97%
Profit (Net Income) Margin	-42.89%	-8.53%	-9.42%	-4.18%	-1.09%	-0.49%	-0.55%	1.64%	1.59%	17.45%	2.13%
Tax Burden Percent	1,058.74%	107.64%	102.23%	92.69%	129.19%	96.54%	97.18%	90.25%	96.10%	3,834.12%	89.96%
Interest Burden Percent	98.75%	99.44%	99.52%	103.32%	108.98%	108.43%	108.36%	98.73%	98.64%	101.31%	79.59%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	9.75%	3.90%	-3,734.12%	10.04%
Return on Invested Capital (ROIC)	-9.63%	-17.24%	-19.29%	-6.09%	-1.93%	-1.29%	-1.90%	10.29%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	51.68%	-12.12%	-13.55%	0.38%	-0.07%	-0.01%	-0.78%	10.31%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	-17.05%	3.40%	3.41%	-0.08%	0.02%	0.00%	0.18%	-2.78%	0.00%	0.00%	0.00%
Return on Equity (ROE)	-26.68%	-13.85%	-15.88%	-6.16%	-1.91%	-1.29%	-1.72%	7.51%	0.00%	0.00%	0.00%
Cash Return on Invested Capital (CROIC)	10.92%	7.51%	6.12%	12.01%	-18.52%	-23.48%	-1.93%	11.50%	29.06%	-11.90%	-65.64%
Operating Return on Assets (OROA)	-6.29%	-12.30%	-14.27%	-6.25%	-1.35%	-1.00%	-1.32%	4.94%	0.00%	0.00%	0.00%
Return on Assets (ROA)	-65.79%	-13.17%	-14.52%	-5.99%	-1.90%	-1.04%	-1.39%	4.40%	0.00%	0.00%	0.00%
Return on Common Equity (ROCE)	-26.68%	-13.85%	-15.88%	-6.16%	-1.91%	-1.29%	-1.72%	7.51%	0.00%	0.00%	0.00%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-33.69%	-36.46%	-39.57%	0.00%	-10.07%	-5.41%	-0.28%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-3.74	-6.93	-7.98	-3.73	-1.01	-0.84	-0.97	4.43	4.60	48	9.24
NOPAT Margin	-2.87%	-5.59%	-6.50%	-2.21%	-0.51%	-0.30%	-0.34%	1.64%	1.61%	16.61%	2.67%
Net Nonoperating Expense Percent (NNEP)	-61.32%	-5.13%	-5.74%	-6.47%	-1.86%	-1.28%	-1.12%	-0.03%	-0.11%	2.93%	-4.24%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-3.71%	-	-	-	-0.43%	1.88%	1.87%	16.24%	2.28%
Cost of Revenue to Revenue	91.87%	93.83%	94.41%	91.51%	91.21%	89.83%	90.53%	89.67%	90.58%	90.37%	88.06%
SG&A Expenses to Revenue	4.59%	5.48%	6.24%	5.02%	3.91%	6.03%	5.08%	3.32%	3.24%	4.59%	3.72%
R&D to Revenue	5.42%	6.16%	5.93%	4.48%	3.83%	3.09%	3.08%	3.28%	2.85%	2.89%	2.95%
Operating Expenses to Revenue	12.23%	14.16%	14.87%	11.65%	9.52%	10.61%	9.96%	8.51%	7.75%	9.20%	8.98%
Earnings before Interest and Taxes (EBIT)	-5.35	-9.87	-11	-7.36	-1.54	-1.31	-1.47	4.96	4.78	1.29	10
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-0.20	-4.53	-5.64	-1.14	5.14	5.14	4.77	11	11	6.23	16
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.08	2.20	3.25	4.51	4.23	4.87	5.79	4.28	3.57	2.77	2.21
Price to Tangible Book Value (P/TBV)	6.83	7.52	11.55	19.77	17.06	18.08	19.63	12.65	9.23	5.63	0.00
Price to Revenue (P/Rev)	0.82	0.87	1.27	1.78	1.49	1.39	1.40	0.98	0.00	0.00	0.00
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	2.59	2.61	3.85	5.30	5.21	5.37	7.45	6.02	5.36	3.78	2.23
Enterprise Value to Revenue (EV/Rev)	0.70	0.77	1.19	1.70	1.41	1.36	1.34	0.90	0.00	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	298.73	89.14	35.64	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1,439.48	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	34.14	361.11	59,471.21	69.12	71.98	316.35	27.17	12.92	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	21.42	31.72	57.74	39.02	0.00	0.00	0.00	48.93	15.77	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.31
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.23
Financial Leverage	-0.33	-0.28	-0.25	-0.21	-0.28	-0.18	-0.24	-0.27	-0.27	-0.32	-0.16
Leverage Ratio	1.47	1.44	1.44	1.53	1.58	1.63	1.66	1.70	1.81	1.74	2.05
Compound Leverage Factor	1.45	1.43	1.43	1.58	1.72	1.77	1.80	1.68	1.78	1.76	1.64
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	23.52%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	6.27%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	17.25%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	76.48%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	4.15	4.33	5.20	5.44	4.92	5.13	6.17	5.61	2.59	2.49	1.04
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.68	1.59	1.51	1.35	1.34	1.31	1.37	1.46	1.51	1.51	1.18
Quick Ratio	1.57	1.49	1.41	1.28	1.28	1.26	1.30	1.40	1.46	1.46	1.15
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	30	25	23	42	-11	-30	2.34	26	54	27	-141
Operating Cash Flow to CapEx	401.99%	-97.62%	-85.31%	111.11%	453.71%	-525.94%	1,397.33%	999.37%	479.01%	623.14%	1,167.99%
Free Cash Flow to Firm to Interest Expense	181.10	223.47	207.05	144.95	-68.00	-239.11	18.61	395.99	794.67	382.15	-67.04
Operating Cash Flow to Interest Expense	109.57	-44.80	-32.92	14.03	100.34	-110.53	306.97	456.23	288.25	308.90	17.57
Operating Cash Flow Less CapEx to Interest Expense	82.31	-90.69	-71.50	1.40	78.22	-131.55	285.00	410.58	228.07	259.33	16.07
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.53	1.54	1.54	1.43	1.74	2.13	2.54	2.69	0.00	0.00	0.00
Accounts Receivable Turnover	7.78	7.84	7.52	5.32	6.83	6.36	8.25	8.70	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	44.56	36.51	32.64	30.50	33.52	40.02	48.45	54.74	0.00	0.00	0.00
Accounts Payable Turnover	13.25	13.75	14.17	12.36	13.17	14.82	18.89	19.28	0.00	0.00	0.00
Days Sales Outstanding (DSO)	46.89	46.58	48.53	68.67	53.41	57.35	44.23	41.97	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	27.55	26.54	25.76	29.53	27.71	24.62	19.32	18.93	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	19.34	20.04	22.77	39.13	25.70	32.72	24.91	23.04	0.00	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	156	166	170	175	166	195	166	154	145	187	304
Invested Capital Turnover	3.36	3.08	2.97	2.75	3.81	4.26	5.53	6.26	0.00	0.00	0.00
Increase / (Decrease) in Invested Capital	-33	-32	-31	-46	10	29	-3.32	-22	-49	21	150
Enterprise Value (EV)	404	433	654	930	867	1,046	1,240	926	780	709	678
Market Capitalization	478	490	700	969	917	1,071	1,298	1,007	881	816	684
Book Value per Share	$4.25	$4.07	$3.94	$3.92	$3.92	$3.93	$3.99	$4.17	$4.33	$5.19	$5.45
Tangible Book Value per Share	$1.29	$1.19	$1.11	$0.89	$0.97	$1.06	$1.18	$1.41	$1.68	$2.55	($0.40)
Total Capital	230	222	215	215	217	220	224	235	247	294	406
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	95
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	70
Net Debt	-74	-56	-46	-40	-50	-25	-58	-82	-101	-107	-6.58
Capital Expenditures (CapEx)	4.47	5.09	4.28	3.70	3.65	2.61	2.77	3.01	4.09	3.47	3.16
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-12	-6.88	-2.48	-1.95	-7.80	24	1.74	-10	-14	-16	-31
Debt-free Net Working Capital (DFNWC)	61	49	43	38	43	49	60	72	87	91	71
Net Working Capital (NWC)	61	49	43	38	43	49	60	72	87	91	46
Net Nonoperating Expense (NNE)	52	3.64	3.58	3.32	1.16	0.52	0.58	0.02	0.07	-2.42	1.87
Net Nonoperating Obligations (NNO)	-74	-56	-46	-40	-50	-25	-58	-82	-101	-107	-6.58
Total Depreciation and Amortization (D&A)	5.15	5.34	5.71	6.23	6.68	6.44	6.24	5.97	5.82	4.93	5.89
Debt-free, Cash-free Net Working Capital to Revenue	-2.12%	-1.23%	-0.45%	-0.36%	-1.27%	3.07%	0.19%	-0.98%	0.00%	0.00%	0.00%
Debt-free Net Working Capital to Revenue	10.57%	8.81%	7.83%	6.90%	6.96%	6.32%	6.42%	6.96%	0.00%	0.00%	0.00%
Net Working Capital to Revenue	10.57%	8.81%	7.83%	6.90%	6.96%	6.32%	6.42%	6.96%	0.00%	0.00%	0.00%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($1.04)	($0.19)	($0.21)	($0.13)	($0.04)	($0.02)	($0.03)	$0.08	$0.08	$0.88	$0.13
Adjusted Weighted Average Basic Shares Outstanding	53.80M	54.47M	54.76M	55.07M	54.92M	55.82M	56.34M	56.70M	57.36M	56.96M	57.21M
Adjusted Diluted Earnings per Share	($1.04)	($0.19)	($0.21)	($0.13)	($0.04)	($0.02)	($0.03)	$0.08	$0.08	$0.87	$0.13
Adjusted Weighted Average Diluted Shares Outstanding	53.80M	54.47M	54.76M	55.07M	54.92M	55.82M	56.34M	58.66M	58.77M	57.92M	58.04M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	54.59M	54.58M	54.89M	55.28M	55.98M	56.26M	56.47M	56.95M	56.75M	56.99M	57.45M
Normalized Net Operating Profit after Tax (NOPAT)	-3.74	-6.93	-7.98	-3.73	-1.01	-0.84	-0.97	4.43	4.60	0.87	9.24
Normalized NOPAT Margin	-2.87%	-5.59%	-6.50%	-2.21%	-0.51%	-0.30%	-0.34%	1.64%	1.61%	0.30%	2.67%
Pre Tax Income Margin	-4.05%	-7.92%	-9.21%	-4.51%	-0.84%	-0.51%	-0.56%	1.81%	1.65%	0.46%	2.36%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-32.60	-88.92	-102.32	-25.12	-9.32	-10.52	-11.67	75.09	70.35	18.47	4.89
NOPAT to Interest Expense	-22.78	-62.43	-71.86	-12.74	-6.10	-6.81	-7.71	67.17	67.68	683.02	4.39
EBIT Less CapEx to Interest Expense	-59.85	-134.81	-140.90	-37.74	-31.43	-31.54	-33.64	29.44	10.18	-31.10	3.39
NOPAT Less CapEx to Interest Expense	-50.04	-108.32	-110.45	-25.36	-28.22	-27.83	-29.68	21.52	7.50	633.45	2.89
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-16.91%	-15.25%	-13.57%	-9.18%	-22.43%	-31.14%	-48.99%	-1,272.70%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-25.11%	-18.38%	-17.65%	-12.95%	-29.73%	-35.04%	-48.99%	-1,272.70%	0.00%	0.00%	0.00%

Financials Breakdown Chart

Key Financial Trends

MarketBeat has reviewed QuinStreet, Inc. (QNST) quarterly data across the last four years, focusing on balance sheets, income statements, and cash flows. The trend shows revenue growth and improving profitability in 2025–2026, supported by a stronger equity position and healthy cash on hand. However, there have been periods of net losses and notable cash flow variability driven by investing and financing activity.

Revenue growth: Operating revenue rose from the low hundreds of millions in 2024–2025 to about 287.8 million in Q2 2026, signaling a meaningful top-line expansion (e.g., Q2 2026 287,845,000 vs mid-teens to low-200s millions in earlier years).
Strengthening net income in the latest quarter: Net income attributable to common shareholders reached 50,227,000 in Q2 2026, a notable turn from prior quarters that showed losses or much smaller profits.
Earnings per share improvement: Diluted EPS in Q2 2026 was 0.87, reflecting a meaningful improvement versus prior quarters with flat or negative EPS in some periods.
Solid cash position: Cash & equivalents were about 106.96 million in Q2 2026, up from earlier quarters (e.g., ~101.3 million in Q1 2026), indicating a stronger liquidity base.
Healthy operating cash flow in recent quarters: Net cash from continuing operating activities was 21.623 million in Q2 2026, with other quarters such as Q3 2025 reporting solid positive cash flow from operations as well.
Balance-sheet growth and leverage: Total assets increased over time, and total equity rose to about 294.44 million in Q2 2026, supported by retained earnings and equity contributions; leverage remained relatively moderate in the context of peers.
Shareholder-friendly capital allocation: Net cash from financing activities in some periods shows activity like share repurchases (e.g., 10.052 million in Q2 2026) and occasional dividends or equity issuances, influencing cash flow but potentially increasing per-share metrics over time.
Restatements and quarterly volatility: Several quarters show restatements or unusual quarter-to-quarter fluctuations (e.g., restated figures in 2024–2025), which may introduce some earnings variability to compare year-over-year performance.
Multiple quarters with net losses: Several periods in 2023–2025 recorded negative net income, including quarters with sizable losses relative to revenue, underscoring ongoing profitability challenges on a few fronts.
Profitability margins can be thin in some quarters: Gross margins in some periods hovered in the single digits, indicating that profitability may hinge on controlling costs and overhead as revenue scales.

05/16/26 11:04 PM ETAI Generated. May Contain Errors.

QuinStreet Financials - Frequently Asked Questions

According to the most recent income statement we have on file, QuinStreet's fiscal year ends in June. Their fiscal year 2024 ended on June 30, 2024.

QuinStreet's net income appears to be on a downward trend, with a most recent value of -$31.33 million in 2024, falling from -$146.40 million in 2014. The previous period was -$68.87 million in 2023. Check out QuinStreet's forecast to explore projected trends and price targets.

QuinStreet's total operating income in 2024 was -$28.07 million, based on the following breakdown:

Total Gross Profit: $46.25 million
Total Operating Expenses: $74.31 million

Over the last 10 years, QuinStreet's total revenue changed from $282.55 million in 2014 to $613.51 million in 2024, a change of 117.1%.

QuinStreet's total liabilities were at $187.06 million at the end of 2025, a 23.3% increase from 2024, and a 168.9% increase since 2015.

In the past 10 years, QuinStreet's cash and equivalents has ranged from $49.57 million in 2017 to $110.32 million in 2021, and is currently $101.08 million as of their latest financial filing in 2025.

Over the last 10 years, QuinStreet's book value per share changed from 3.31 in 2014 to 3.92 in 2024, a change of 18.4%.

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Financial statements for NASDAQ:QNST last updated on 5/10/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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QuinStreet (QNST) Financials

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QuinStreet Financials - Frequently Asked Questions

When does QuinStreet's financial year end?

How has QuinStreet's net income changed over the last 10 years?

What is QuinStreet's operating income?

How has QuinStreet's revenue changed over the last 10 years?

How much debt does QuinStreet have?

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How has QuinStreet's book value per share changed over the last 10 years?

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