Filing Flows › Quinstreet (QNST) › Q1 FY26
Quinstreet (QNST) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Nov 7, 2025
Quinstreet (QNST) reported revenue of $286M for the first quarter fiscal 2026 (Q1 FY26), +2% from a year earlier and +9% from the quarter before. Operating margin was 1.7%, net earnings $4.5M (1.6% of revenue).
Quinstreet, Q1 FY26: revenue $286M (+2% year over year), operating margin 1.7%, net earnings $4.5M, operating cash flow $19.6M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $286M | +9% | +2% |
| Gross profit | $26.9M | -3% | -5% |
| Operating profit | $4.8M | +24% | — |
| Net earnings | $4.5M | +41% | — |
| Operating cash flow | $19.6M | -34% | — |
| Free cash flow | $15.5M | — | — |
What changed
Revenue was $285.9M in Q1 FY26, up 2% year over year and up 9% from the previous quarter. Financial Service was the largest line at 73% of revenue. Home Services added $10.1M year over year (up 15%), 151% of the total change. Financial Service declined 2%.
Gross margin was 9.4%, down 0.7 points from a year earlier. Operating profit was $4.8M, a 1.7% margin (up 2.1 points year over year). Operating expenses fell 25% while revenue rose 2%. The fastest-growing cost line was Sales & marketing (+14%). Net earnings were $4.5M. The effective tax rate was 3.9%.
Operating cash flow was $19.6M, 432% of net earnings. Non-cash charges added back $5.8M of depreciation and amortization and $9.2M of share-based compensation. After internal software development costs ($2.9M) and capital expenditures ($1.2M), free cash flow as the company reports it was $15.5M.
Questions
What was Quinstreet's revenue in the first quarter fiscal 2026?
Quinstreet (QNST) reported revenue of $286M for the first quarter fiscal 2026 (Q1 FY26), +2% from a year earlier and +9% from the quarter before.
Was Quinstreet profitable in the first quarter fiscal 2026?
Operating profit was $4.8M (1.7% of revenue) and net earnings $4.5M.
Source: Quinstreet 10-Q on SEC EDGAR.