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Quinstreet (QNST) FY2026 results: revenue $1.3 billion, up 18.3% on the year

Quinstreet, Inc. (QNST) reported revenue of $1.3 billion for fiscal 2026, the year ended 30 June 2026, up 18.3% on the year before. Net income was $81 million, up 1625.8%, and diluted earnings per share $1.40. The figures are the company's own, from the 10-K it filed with the SEC on 26 August 2026.

Revenue
$1.3 billion
+18.3% on the year
FY2019FY2026
Operating margin
2.7%
0.6% a year earlier
FY2019FY2026
Net income
$81 million
+1,625.8% on the year
FY2019FY2026
Diluted EPS
$1.40
+1,650.0% on the year
FY2019FY2026

this yearthe year beforeHover a bar for its figure.

The year in brief

What management said about the year

Guidance figures: 3 new.

  • Fourth quarter revenue and earnings records: Fiscal Q4 revenue reached $373.9 million, up 43% year-over-year, with GAAP net income of $19.1 million or $0.33 per diluted share, up 496% from prior-year quarter.
  • Adjusted EBITDA accelerated in Q4: Adjusted EBITDA for Q4 was $41.4 million, up 87% year-over-year, and adjusted net income per diluted share was $0.50 for the quarter.
  • Full fiscal year 2026 achieved records: Full-year revenue of $1.3 billion increased 18% year-over-year, with GAAP net income of $81.2 million or $1.40 per diluted share, up from $4.7 million in fiscal 2025.
  • Financial Services segment contribution: Financial Services revenue in Q4 was $232.3 million versus $186.6 million in prior-year Q4. Full-year Financial Services revenue was $888.4 million versus $817.2 million prior year.
  • Home Services accelerating growth: Home Services Q4 revenue was $141.6 million, up 88% from prior-year Q4 of $75.4 million. Full-year Home Services revenue was $405.4 million, up 47% from $276.6 million prior year.
Read the Q4 FY2026 earnings call summary

The four quarters: Q1 FY2026 · Q2 FY2026 · Q3 FY2026 · Q4 FY2026

Income statement (profit and loss)

$ millionFY2026FY2025FY2024On the yearLast 8 years
Revenue1,2941,094614+18.3%
Cost of revenue1,148983567+16.8%
Gross profit14611146.2+31.5%
Gross margin11.3%10.1%7.5%
Research and development37.333.930.0+10.1%
Operating income35.46.2-28.1+472.0%
Operating margin2.7%0.6%-4.6%
Interest expense4.40.40.7+998.2%
Pre-tax income31.25.6-30.4+454.1%
Income tax-50.00.90.9
Effective tax rate-160.3%16.4%n/a
Net income81.24.7-31.3+1,625.8%
Net margin6.3%0.4%-5.1%
Diluted EPS$1.40$0.08-$0.57+1,650.0%
$ 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

$ millionFY2026FY2025FY2024On the yearLast 8 years
Operating cash flow13185.012.0+54.5%
Capital expenditure3.42.15.3+64.0%
Free cash flow12882.96.7+54.3%
Free cash flow margin9.9%7.6%1.1%
Cash from investing-119-11.4-22.7
Cash from financing14.5-23.0-12.5
Depreciation and amortisation25.224.524.0+2.7%
Share-based compensation37.431.823.7+17.8%
Buybacks31.40.02.3
Diluted shares, weighted58m58m55m-0.2%
Shares outstanding at period end56m57m55m-1.2%

Balance sheet

$ millionFY2026FY2025FY2024On the yearLast 8 years
Shareholders' equity323244217+32.4%
Debt70.00.00.0
Operating lease liabilities4.97.47.9-33.6%
Other liabilities323180144+79.9%
Total liabilities and equity721431369+67.3%
Fixed assets16.716.819.9-1.0%
Goodwill261125125+109.0%
Intangible assets66.328.538.0+132.8%
Cash and equivalents12810150.5+26.9%
Receivables181136112+33.4%
Other assets67.423.923.4+182.3%
Total assets721431369+67.3%

10-K for the year ended 30 June 2026, filed 26 August 2026: the filing.