QuinStreet (QNST) financial statements
QuinStreet reported revenue of $1.3B in fiscal 2026, up 17.6% a year over 9 years.
Net income was $81M and the operating margin 2.7%, against -3.6% in 2017.
Free cash flow was $117M, and the company returned $31M in net buybacks.
The diluted share count rose 28% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from QuinStreet's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $300M | $404M | $455M | $490M | $578M | $582M | $581M | $614M | $1.1B | $1.3B |
| Cost of revenue | $269M | $346M | $394M | $438M | $508M | $528M | $532M | $567M | $983M | $1.1B |
| Gross profit | $30M | $58M | $62M | $52M | $71M | $54M | $49M | $46M | $111M | $146M |
| Research and development | $13M | $14M | $12M | $14M | $19M | $22M | $29M | $30M | $34M | $37M |
| Selling, general and admin | $25M | $29M | $39M | $32M | $37M | $37M | $40M | $44M | $71M | $73M |
| Operating income | -$11M | $16M | $11M | $6M | $14M | -$5M | -$21M | -$28M | $6M | $35M |
| Interest expense | $346,000 | $0 | $367,000 | $696,000 | $1M | $1M | $790,000 | $680,000 | $400,000 | $4M |
| Pre-tax income | -$13M | $17M | $11M | $19M | $29M | -$6M | -$21M | -$30M | $6M | $31M |
| Income tax | -$1M | $574,000 | -$52M | $584,000 | $6M | -$514,000 | $48M | $935,000 | $926,000 | -$50M |
| Net income | -$12M | $16M | $62M | $18M | $24M | -$5M | -$69M | -$31M | $5M | $81M |
| EPS (diluted) | -$0.27 | $0.32 | $1.18 | $0.34 | $0.43 | -$0.10 | -$1.28 | -$0.57 | $0.08 | $1.40 |
| Diluted shares | 46M | 50M | 53M | 53M | 55M | 54M | 54M | 55M | 58M | 58M |
| Gross margin | 10.1% | 14.4% | 13.5% | 10.7% | 12.2% | 9.2% | 8.4% | 7.5% | 10.1% | 11.3% |
| Operating margin | -3.6% | 3.9% | 2.4% | 1.3% | 2.4% | -0.8% | -3.6% | -4.6% | 0.6% | 2.7% |
| Net margin | -4.1% | 3.9% | 13.7% | 3.7% | 4.1% | -0.9% | -11.9% | -5.1% | 0.4% | 6.3% |
Balance sheet
Fiscal years, from QuinStreet's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $50M | $65M | $63M | $108M | $110M | $96M | $74M | $50M | $101M | $128M |
| Receivables | $44M | $68M | $76M | $64M | $88M | $81M | $68M | $112M | $136M | $181M |
| Total current assets | $100M | $138M | $143M | $186M | $206M | $183M | $151M | $169M | $246M | $317M |
| Property, plant and equipment | $6M | $4M | $5M | $6M | $7M | $9M | $17M | $20M | $17M | $17M |
| Goodwill | $56M | $62M | $83M | $81M | $118M | $121M | $121M | $125M | $125M | $261M |
| Total assets | $174M | $220M | $325M | $358M | $450M | $420M | $337M | $369M | $431M | $721M |
| Total current liabilities | $53M | $68M | $84M | $86M | $116M | $110M | $90M | $126M | $163M | $260M |
| Long-term debt | — | — | — | — | — | — | — | — | $0 | $70M |
| Total liabilities | $56M | $72M | $102M | $102M | $154M | $134M | $107M | $152M | $187M | $398M |
| Shareholders' equity | $118M | $148M | $223M | $256M | $295M | $286M | $230M | $217M | $244M | $323M |
| Net debt | -$50M | -$65M | -$63M | -$108M | -$110M | -$96M | -$74M | -$50M | -$101M | -$58M |
Cash flow
Fiscal years, from QuinStreet's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $19M | $27M | $38M | $48M | $51M | $29M | $12M | $12M | $85M | $131M |
| Capital spending | $3M | $3M | $4M | $4M | $5M | $8M | $15M | $17M | $11M | $14M |
| Free cash flow | $15M | $24M | $34M | $43M | $46M | $21M | -$3M | -$5M | $74M | $117M |
| Stock-based compensation | $9M | $10M | $14M | $17M | $20M | $19M | $19M | $24M | $32M | $37M |
| Share buybacks (net) | -$2M | -$647,000 | $0 | $0 | $0 | -$15M | -$6M | -$2M | $0 | -$31M |
| Free cash flow margin | 5.1% | 6.0% | 7.4% | 8.8% | 7.9% | 3.6% | -0.5% | -0.8% | 6.7% | 9.0% |
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Open QNST in InvestinglyQuestions
What was QuinStreet's revenue in 2026?
$1.3B in fiscal 2026, from its 10-K filing.
How much free cash flow does QuinStreet generate?
$117M in fiscal 2026 (operating cash flow minus capital spending).
From QuinStreet's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.