Filing Flows › Quinstreet (QNST) › Q2 FY26
Quinstreet (QNST) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Feb 6, 2026
Quinstreet (QNST) reported revenue of $288M for the second quarter fiscal 2026 (Q2 FY26), +2% from a year earlier and +0.7% from the quarter before. Operating margin was 0.4%, net earnings $50.2M (17.4% of revenue).
Quinstreet, Q2 FY26: revenue $288M (+2% year over year), operating margin 0.4%, net earnings $50.2M, operating cash flow $21.6M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $288M | +0.7% | +2% |
| Gross profit | $27.7M | +3% | +4% |
| Operating profit | $1.2M | -74% | — |
| Net earnings | $50.2M | 11× | — |
| Operating cash flow | $21.6M | +10% | -44% |
| Free cash flow | $18.2M | — | -49% |
What changed
Revenue was $287.8M in Q2 FY26, up 2% year over year and up 1% from the previous quarter. Financial Service was the largest line at 75% of revenue. Home Services and Other Revenue added $8.4M year over year (up 13%), 160% of the total change. Financial Service declined 1%.
Gross margin was 9.6%, up 0.2 points from a year earlier. Operating profit was $1.2M, a 0.4% margin (up 0.9 points year over year). Operating expenses fell 6% while revenue rose 2%. Net earnings were $50.2M. The tax line was a benefit of $48.9M on pre-tax earnings of $1.3M.
Operating cash flow was $21.6M (down 44% year over year), 43% of net earnings. Non-cash charges added back $4.9M of depreciation and amortization and $9.6M of share-based compensation. Working capital and other items used $43.1M. After internal software development costs ($2.6M) and capital expenditures ($889K), free cash flow as the company reports it was $18.2M.
Questions
What was Quinstreet's revenue in the second quarter fiscal 2026?
Quinstreet (QNST) reported revenue of $288M for the second quarter fiscal 2026 (Q2 FY26), +2% from a year earlier and +0.7% from the quarter before.
Was Quinstreet profitable in the second quarter fiscal 2026?
Operating profit was $1.2M (0.4% of revenue) and net earnings $50.2M.
Source: Quinstreet 10-Q on SEC EDGAR.