For the quarter ending 2026-03-31, QNST had -$4,920K decrease in cash & cash equivalents over the period. $36,395K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 |
|---|---|---|---|
| Net revenue | 346,137 | 287,845 | 285,853 |
| Dms expense | 310,770 | 261,807 | 259,508 |
| General and administrative expense | 7,059 | 4,524 | 5,285 |
| Corporate systems expense | 541 | 537 | 537 |
| Other segment cost and expense | 20,405 | -29,250 | 15,988 |
| Net income | 7,362 | 50,227 | 4,535 |
| Stock-based compensation | 8,490 | 9,552 | 9,203 |
| Depreciation and amortization | 5,888 | 4,934 | 5,815 |
| Change in the fair value of contingent consideration | 1,850 | 2,800 | 0 |
| Provision for sales returns and doubtful accounts receivable | 577 | 1,113 | 649 |
| Non-cash lease expense | -50 | 128 | -56 |
| Deferred income taxes | -206 | -691 | 123 |
| Release of tax valuation allowance | -395 | 48,263 | - |
| Other adjustments, net | 826 | -82 | -663 |
| Accounts receivable | 26,579 | 3,522 | 14,824 |
| Prepaid expenses and other assets | -1,865 | -245 | -275 |
| Accounts payable | 16,481 | -3,084 | 12,477 |
| Accrued liabilities | 20,033 | 8,266 | 2,067 |
| Net cash provided by operating activities | 36,932 | 21,623 | 19,601 |
| Business acquisitions, net of cash acquired | 105,263 | - | - |
| Capital expenditures | 537 | 889 | 1,174 |
| Internal software development costs | 2,625 | 2,581 | 2,918 |
| Other investing activities | -1,001 | - | - |
| Net cash used in investing activities | -107,424 | -3,470 | -4,092 |
| Proceeds from borrowings under revolving credit facility | 70,000 | - | - |
| Payment of revolving credit facility upfront fees | 1,846 | - | - |
| Proceeds from exercise of stock options and issuance of common stock under employee stock purchase plan | 1,869 | 0 | 1,334 |
| Payment of withholding taxes related to release of restricted stock, net of share settlement | 1,771 | 2,383 | 5,275 |
| Post-closing payments and contingent consideration related to acquisitions | 2,684 | 0 | 4,614 |
| Repurchase of common stock | -1 | 10,052 | 6,745 |
| Net cash provided by (used in) financing activities | 65,569 | -12,435 | -15,300 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 3 | -54 | 10 |
| Net increase in cash, cash equivalents and restricted cash | -4,920 | 5,664 | 219 |
| Cash, cash equivalents and restricted cash at beginning of period | 106,977 | 101,313 | 101,094 |
| Cash, cash equivalents and restricted cash at end of period | 102,057 | 106,977 | 101,313 |
QUINSTREET, INC (QNST)
QUINSTREET, INC (QNST)