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QuinStreet (QNST) 10-Q Filings

QNST NASDAQ

Here are the 10-Q quarterly reports from QuinStreet, Inc. (QNST) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 10-Q covers the quarterly report filed between annual reports, so if you follow QNST and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full QNST filings page.

Rhea-AI Summary

QuinStreet, Inc. (QNST) reported net revenue of $416.7 million for the three months ended September 30, 2026, up 46% year over year. Net income was $17.0 million, compared with $4.5 million a year earlier. Gross profit rose 98% to $53.3 million, and gross margin was 13%, versus 9%.

Home-services revenue rose 86%, primarily due to the HomeBuddy acquisition, higher client budgets and growth initiatives; financial-services revenue rose 31%, primarily due to higher insurance demand. Operating cash flow was $23.3 million, compared with $19.6 million. At September 30, cash and cash equivalents were $141.5 million, and $70.0 million was outstanding under a $150.0 million revolving credit facility.

On October 1, 2026, QNST completed its acquisition of GetTheReferral.com, Inc. for $4.0 million in cash at closing, subject to customary adjustments, and is obligated to pay $4.0 million in post-closing payments in equal annual installments over four years. It may also owe earn-out payments of up to $12.0 million based on specified performance targets.

Rhea-AI Summary

QuinStreet, Inc. reported sharply stronger results for the quarter and nine months ended March 31, 2026, helped by a major acquisition and tax benefit. Quarterly net revenue rose to $346.1 million from $269.8 million, while net income increased to $7.4 million from $4.4 million.

For the nine-month period, net revenue grew to $919.8 million and net income jumped to $62.1 million, largely driven by a $47.9 million tax benefit from releasing most U.S. deferred tax valuation allowances. Gross margin held at about 10–12% as higher media costs accompanied growth.

QuinStreet completed the $179.7 million HomeBuddy acquisition, adding $39.1 million of home services revenue and $1.2 million of net income in the quarter, and increasing goodwill and intangible assets. To help finance growth, the company put in place a $150 million revolving credit facility and had $70 million outstanding, while cash and cash equivalents were $102.0 million.

Rhea-AI Summary

QuinStreet reported modest growth for the quarter ended December 31, 2025, with net revenue of $287.8 million, up 2% year over year. Home services revenue rose 13%, while financial services declined 1%, leaving gross margin at about 10%.

The company swung to net income of $50.2 million from a $1.5 million loss, driven largely by a $48.9 million tax benefit from releasing a valuation allowance on deferred tax assets. Diluted EPS was $0.87 versus a loss of $0.03 a year earlier.

QuinStreet ended the quarter with $107.0 million in cash and no debt, then closed the $115.0 million cash acquisition of HomeBuddy in January 2026, with an additional $75.0 million in post-closing payments and a new $150.0 million revolving credit facility, of which $70.0 million was drawn by January 31, 2026. It also repurchased 1.12 million shares for $16.8 million under a completed $40.0 million buyback and authorized a new $40.0 million program.

Rhea-AI Summary

QuinStreet (QNST) reported Q1 FY26 results with net revenue of $285,853 and net income of $4,535, reversing a loss a year ago. Gross profit was $26,940 as cost of revenue rose 3%, trimming gross margin to 9% from 10%.

Financial Services contributed $207,475 (73% of revenue) and Home Services and Other was $78,378 (27%). One client represented 21% of net revenue. Operating expenses fell 25% to $22,151, driven by lower general and administrative costs. Basic and diluted EPS were $0.08.

Cash and cash equivalents were $101,298, with operating cash flow of $19,601. The company repurchased and retired 462,440 shares at an average price of $15.41 for $7,142 during the quarter; 56,751,575 shares were outstanding as of November 3, 2025. On October 30, 2025, the Board authorized a new stock repurchase program of up to $40.0 million. Accounts receivable increased to $149,981 alongside higher revenue, and total assets were $442,644 against total liabilities of $195,945.