Filing Flows › Quinstreet (QNST) › Q1 FY27
Quinstreet (QNST) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Nov 6, 2026
Quinstreet (QNST) reported revenue of $417M for the first quarter fiscal 2027 (Q1 FY27), +46% from a year earlier and +11% from the quarter before. Operating margin was 5.6%, net earnings $17.0M (4.1% of revenue).
Quinstreet, Q1 FY27: revenue $417M (+46% year over year), operating margin 5.6%, net earnings $17.0M, operating cash flow $23.3M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $417M | +11% | +46% |
| Gross profit | $53.3M | +7% | +98% |
| Operating profit | $23.3M | +22% | +386% |
| Net earnings | $17.0M | -11% | +275% |
| Operating cash flow | $23.3M | -56% | +19% |
| Free cash flow | $20.3M | — | +31% |
What changed
Revenue was $416.7M in Q1 FY27, up 46% year over year and up 11% from the previous quarter. Financial Service was the largest line at 65% of revenue. Home Services added $67.3M year over year (up 86%), 51% of the total change.
Gross margin was 12.8%, up 3.4 points from Q1 FY26. Operating profit was $23.3M, a 5.6% margin (up 3.9 points year over year). Of the extra revenue versus Q1 FY26, 14% reached operating profit, above the 2% margin then. Operating expenses grew 36% against revenue growth of 46%. The fastest-growing cost line was Sales & marketing (+60%). Net earnings were $17.0M, up 275% year over year. The effective tax rate was 19.4%.
Operating cash flow was $23.3M (up 19% year over year), 137% of net earnings. Non-cash charges added back $6.2M of depreciation and amortization and $11.0M of share-based compensation. Working capital and other items used $10.9M. After internal software development costs ($2.8M) and capital expenditures ($155K), free cash flow as the company reports it was $20.3M.
Questions
What was Quinstreet's revenue in the first quarter fiscal 2027?
Quinstreet (QNST) reported revenue of $417M for the first quarter fiscal 2027 (Q1 FY27), +46% from a year earlier and +11% from the quarter before.
Was Quinstreet profitable in the first quarter fiscal 2027?
Operating profit was $23.3M (5.6% of revenue) and net earnings $17.0M.
Source: Quinstreet 10-Q on SEC EDGAR.