Filing Flows › Quinstreet (QNST) › Q4 FY25
Quinstreet (QNST) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed Aug 21, 2025
Quinstreet (QNST) reported revenue of $262M for the fourth quarter fiscal 2025 (Q4 FY25), +32% from a year earlier and -3% from the quarter before. Operating margin was 1.5%, net earnings $3.2M (1.2% of revenue).
Quinstreet, Q4 FY25: revenue $262M (+32% year over year), operating margin 1.5%, net earnings $3.2M, operating cash flow $29.9M. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $262M | -3% | +32% |
| Gross profit | $27.9M | 0% | +60% |
| Operating profit | $3.9M | -21% | — |
| Net earnings | $3.2M | -27% | — |
| Operating cash flow | $29.9M | -0.7% | +81% |
| Free cash flow | $26.8M | — | +108% |
What changed
Revenue was $262.1M in Q4 FY25, up 32% year over year and down 3% from the previous quarter. Financial Service was the largest line at 71% of revenue.
Gross margin was 10.6%, up 1.8 points from a year earlier. Operating profit was $3.9M, a 1.5% margin (up 2.2 points year over year). Operating expenses grew 27% against revenue growth of 32%. The fastest-growing cost line was General & admin (+59%). Net earnings were $3.2M. The effective tax rate was 14.5%.
Operating cash flow was $29.9M (up 81% year over year), 933% of net earnings. Non-cash charges added back $5.9M of depreciation and amortization and $7.2M of share-based compensation. Working capital and other items added $13.6M. After internal software development costs ($2.5M) and capital expenditures ($548K), free cash flow as the company reports it was $26.8M.
Questions
What was Quinstreet's revenue in the fourth quarter fiscal 2025?
Quinstreet (QNST) reported revenue of $262M for the fourth quarter fiscal 2025 (Q4 FY25), +32% from a year earlier and -3% from the quarter before.
Was Quinstreet profitable in the fourth quarter fiscal 2025?
Operating profit was $3.9M (1.5% of revenue) and net earnings $3.2M.
Source: Quinstreet 10-K on SEC EDGAR.