QUINSTREET, INC (QNST) Financial Statements — Income, Balance Sheet, Cash Flow

Overview Financials Chart Business Summary Filings Ownership Valuation

Financial Statements — QNST

Balance Sheet

(in millions USD)

Metric	Q3 2026	Q2 2026	Q1 2026	Q3 2025	Q2 2025	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022	Q2 2022	Q3 2021	Q2 2021	Q1 2021
Cash & Equivalents	102.04	106.96	101.30	81.82	57.84	24.98	39.60	45.52	56.31	62.96	79.10	88.38	109.46	115.04	103.20	102.65	105.93
Accounts Receivable	184.78	152.39	149.98	137.24	150.36	173.90	99.64	74.73	67.68	105.61	71.41	75.49	77.78	64.18	82.33	71.28	88.42
Total Current Assets	295.18	267.98	259.65	228.38	219.27	206.46	146.77	128.08	132.68	177.30	155.73	169.08	193.57	185.01	194.07	181.38	202.82
Property, Plant & Equipment	16.91	16.59	16.97	17.00	17.73	18.91	20.63	20.60	19.50	15.14	13.07	11.23	8.88	8.47	6.81	6.65	7.33
Goodwill	261.80	125.06	125.06	125.06	125.06	125.06	125.06	121.14	121.14	121.14	121.14	121.14	119.59	119.59	118.21	110.11	117.83
Intangible Assets	71.52	24.65	26.18	30.77	33.07	35.53	40.88	33.54	36.12	41.36	44.17	46.87	51.50	54.32	62.20	55.69	56.16
Total Non-current Assets*	409.16	225.06	183.00	188.85	190.38	194.72	202.49	192.84	188.29	235.18	236.16	236.45	240.19	242.58	248.42	233.68	239.12
Total Assets	704.34	493.03	442.64	417.24	409.65	401.17	349.25	320.92	320.96	412.48	391.89	405.53	433.76	427.59	442.50	415.06	441.93
Accounts Payable	90.29	70.83	74.55	55.82	55.36	60.40	40.62	33.78	34.29	41.28	37.84	40.92	39.67	39.14	39.85	37.75	48.35
Total Current Liabilities	249.23	177.39	172.17	156.67	159.69	157.89	109.11	85.04	83.26	112.79	96.17	104.38	104.27	96.66	111.71	97.79	110.46
Long-term Debt	70.00	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--
Total Non-current Liabilities*	144.72	21.20	23.78	25.09	25.70	23.47	25.17	20.63	15.37	15.16	15.92	17.89	28.03	32.29	42.22	37.87	31.78
Total Liabilities	393.95	198.59	195.95	181.76	185.40	181.35	134.29	105.66	98.63	127.95	112.10	122.27	132.30	128.95	153.93	135.65	142.24
Retained Earnings	(63.58)	(70.94)	(121.17)	(128.91)	(133.33)	(131.78)	(128.25)	(121.20)	(109.64)	(43.19)	(42.71)	(34.73)	(25.27)	(27.50)	(28.34)	(33.37)	(21.87)
Total Stockholder Equity	310.39	294.44	246.70	235.48	224.25	219.82	214.96	215.25	222.34	284.53	279.80	283.26	301.46	298.65	288.57	279.41	299.70

* Derived from reported values

Income Statement

(in millions USD) (except per-share rows)

Metric	Q4 2026	Q3 2026	Q2 2026	Q1 2026	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q4 2021	Q3 2021
Total Revenue	373.88	346.14	287.85	285.85	269.84	282.60	279.22	198.32	168.59	122.68	123.92	130.31	172.67	134.05	143.59	146.50	150.66	125.33	151.20	153.05
Cost of Revenue	324.07	304.80	260.12	258.91	241.98	255.84	250.81	180.89	154.28	115.83	116.27	119.71	155.63	125.51	131.25	134.74	136.57	115.55	132.62	132.67
Gross Profit	49.81	41.34	27.72	26.94	27.86	26.75	28.41	17.43	14.31	6.85	7.65	10.60	17.04	8.54	12.35	11.76	14.09	9.78	18.58	20.39
Research & Development	10.61	10.22	8.32	8.16	8.85	8.71	8.62	7.59	7.55	7.27	7.64	7.06	7.83	7.17	6.83	6.91	5.51	4.86	4.57	4.91
Selling, General & Admin	10.47	12.86	13.22	9.27	8.96	14.35	16.85	7.75	8.47	7.65	6.79	5.99	7.23	7.37	7.32	3.74	5.49	9.64	6.34	6.46
Total Operating Expenses	30.69	31.07	26.48	22.15	22.95	28.14	29.61	18.87	19.64	18.25	17.55	15.94	18.45	17.71	17.25	13.92	13.03	17.33	13.60	14.13
Operating Income	19.12	10.27	1.25	4.79	4.91	(1.39)	(1.21)	(1.44)	(5.33)	(11.39)	(9.90)	(5.34)	(1.41)	(9.17)	(4.90)	(2.16)	1.06	(7.55)	4.98	6.25
Interest Expense	2.15	2.10	0.07	0.07	0.07	0.13	0.12	0.17	0.29	0.11	0.11	0.16	0.19	0.21	0.23	0.26	0.28	0.27	0.35	0.30
Pretax Income	17.00	8.18	1.31	4.72	4.89	(1.59)	(1.41)	(1.67)	(7.60)	(11.30)	(9.81)	(5.28)	(1.56)	(9.38)	(5.14)	(2.45)	0.84	(7.82)	4.60	5.93
Tax Provision	(2.11)	0.82	(48.92)	0.18	0.48	(0.04)	(0.05)	0.49	(0.56)	0.25	0.75	50.61	(1.08)	(1.40)	(0.62)	2.50	(1.39)	(2.19)	1.23	0.89
Net Income	19.11	7.36	50.23	4.54	4.42	(1.55)	(1.37)	(2.16)	(7.05)	(11.55)	(10.56)	(55.89)	(0.48)	(7.98)	(4.52)	(4.94)	2.23	(5.63)	3.37	5.04
Basic EPS	--	0.13	0.88	0.08	0.08	(0.03)	(0.02)	(0.04)	(0.13)	(0.21)	(0.19)	(1.04)	(0.01)	(0.15)	(0.08)	(0.09)	0.04	(0.10)	0.06	0.09
Diluted EPS	--	0.13	0.87	0.08	0.08	(0.03)	(0.02)	(0.04)	(0.13)	(0.21)	(0.19)	(1.04)	(0.01)	(0.15)	(0.08)	(0.09)	0.04	(0.10)	0.06	0.09

Cash Flow Statement

(in millions USD)

Metric	Q4 2026	Q3 2026	Q2 2026	Q1 2026	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q4 2021	Q3 2021
Operating Cash Flow	53.15	36.93	21.62	19.60	30.11	38.68	(13.71)	16.56	4.11	(3.65)	(4.97)	17.97	(9.33)	(2.46)	5.67	7.69	1.29	19.69	14.41	13.07
Capital Expenditures	0.80	0.54	0.89	1.17	0.64	0.45	0.44	1.18	1.21	1.34	1.62	1.02	0.49	1.08	0.48	0.47	1.66	0.72	0.60	0.33
Free Cash Flow*	52.35	36.40	20.73	18.43	29.47	38.23	(14.14)	15.38	2.90	(4.99)	(6.60)	16.95	(9.82)	(3.54)	5.19	7.23	(0.36)	18.97	13.81	12.74
Investing Cash Flow	(3.60)	(107.42)	(3.47)	(4.09)	(3.01)	(2.77)	(2.61)	(3.65)	(9.71)	(4.28)	(5.09)	(4.47)	(3.52)	(4.10)	(3.04)	(2.45)	(2.80)	(3.98)	(1.39)	(11.78)
Financing Cash Flow	(23.30)	65.57	(12.43)	(15.30)	(3.11)	(3.07)	(9.21)	(2.03)	(0.32)	(2.85)	(7.31)	(2.78)	(3.29)	(2.70)	(10.68)	(18.26)	(4.07)	(10.98)	(5.93)	(0.74)

* Derived from reported values