Quinstreet (QNST) FY2021 results: revenue $578 million, up 18.0% on the year
Quinstreet, Inc. (QNST) reported revenue of $578 million for fiscal 2021, the year ended 30 June 2021, up 18.0% on the year before. Net income was $24 million, up 30.1%, and diluted earnings per share $0.43. The figures are the company's own, from the 10-K it filed with the SEC on 26 August 2021.
Revenue
$578 million
+18.0% on the year
FY2014FY2021
Operating margin
2.4%
1.3% a year earlier
FY2014FY2021
Net income
$24 million
+30.1% on the year
FY2014FY2021
Diluted EPS
$0.43
+26.5% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Revenue
578
490
455
+18.0%
Cost of revenue
508
438
394
+16.0%
Gross profit
70.5
52.5
61.6
+34.4%
Gross margin
12.2%
10.7%
13.5%
Research and development
19.3
14.2
12.3
+36.2%
Operating income
13.9
6.2
10.7
+124.4%
Operating margin
2.4%
1.3%
2.4%
Interest expense
1.3
0.7
0.4
+86.2%
Pre-tax income
29.3
18.7
10.7
+57.0%
Income tax
5.8
0.6
-51.8
+888.7%
Effective tax rate
19.7%
3.1%
-482.9%
Net income
23.6
18.1
62.5
+30.1%
Net margin
4.1%
3.7%
13.7%
Diluted EPS
$0.43
$0.34
$1.18
+26.5%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
50.6
47.6
38.0
+6.3%
Capital expenditure
2.0
2.0
2.0
+0.4%
Free cash flow
48.6
45.6
36.0
+6.6%
Free cash flow margin
8.4%
9.3%
7.9%
Cash from investing
-36.5
8.9
-37.0
Cash from financing
-11.3
-11.6
-4.1
Depreciation and amortisation
16.2
11.5
9.0
+41.2%
Share-based compensation
19.6
16.7
14.1
+17.4%
Buybacks
0.0
0.0
0.0
Diluted shares, weighted
55m
53m
53m
+3.3%
Shares outstanding at period end
54m
52m
51m
+3.0%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
295
256
223
+15.3%
Debt
0.0
0.0
0.0
Operating lease liabilities
8.5
8.7
0.0
-1.7%
Other liabilities
146
93.8
102
+55.5%
Total liabilities and equity
450
358
325
+25.4%
Fixed assets
6.8
5.7
5.4
+21.1%
Goodwill
118
80.7
82.5
+46.1%
Intangible assets
59.2
28.2
35.1
+110.0%
Cash and equivalents
110
108
62.5
+2.6%
Receivables
87.9
64.5
75.6
+36.4%
Other assets
67.4
71.9
63.4
-6.3%
Total assets
450
358
325
+25.4%
10-K for the year ended 30 June 2021, filed 26 August 2021: the filing.