Filing Flows › Quinstreet (QNST) › Q3 FY25
Quinstreet (QNST) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed May 8, 2025
Quinstreet (QNST) reported revenue of $270M for the third quarter fiscal 2025 (Q3 FY25), +60% from a year earlier and -5% from the quarter before. Operating margin was 1.8%, net earnings $4.4M (1.6% of revenue).
Quinstreet, Q3 FY25: revenue $270M (+60% year over year), operating margin 1.8%, net earnings $4.4M, operating cash flow $30.1M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $270M | -5% | +60% |
| Gross profit | $27.9M | +4% | +95% |
| Operating profit | $4.9M | — | — |
| Net earnings | $4.4M | — | — |
| Operating cash flow | $30.1M | -22% | +633% |
| Free cash flow | $27.1M | — | 66× |
What changed
Revenue was $269.8M in Q3 FY25, up 60% year over year and down 5% from the previous quarter. Financial Service was the largest line at 74% of revenue. Financial Service added $87.5M year over year (up 78%), 86% of the total change.
Gross margin was 10.3%, up 1.8 points from a year earlier. Operating profit was $4.9M, a 1.8% margin (up 5.0 points year over year). Operating expenses grew 17% against revenue growth of 60%. The fastest-growing cost line was Sales & marketing (+42%). Net earnings were $4.4M. The effective tax rate was 9.7%.
Operating cash flow was $30.1M (up 633% year over year), 682% of net earnings. Non-cash charges added back $6.0M of depreciation and amortization and $7.1M of share-based compensation. Working capital and other items added $12.7M. After internal software development costs ($2.4M) and capital expenditures ($639K), free cash flow as the company reports it was $27.1M.
Questions
What was Quinstreet's revenue in the third quarter fiscal 2025?
Quinstreet (QNST) reported revenue of $270M for the third quarter fiscal 2025 (Q3 FY25), +60% from a year earlier and -5% from the quarter before.
Was Quinstreet profitable in the third quarter fiscal 2025?
Operating profit was $4.9M (1.8% of revenue) and net earnings $4.4M.
Source: Quinstreet 10-Q on SEC EDGAR.