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QuinStreet, Inc.

Rank #335Op. Leverage

QNST · Nasdaq · Communication Services

QuinStreet, Inc. (QNST) — Rank #335 by gross profitability (GP/assets 0.20) · ROE 25.1% · Piotroski F-Score 6 / 9.

As-of 2026-09-28 · CIK 0001117297 · all metrics point-in-time as of the filing date.

About

QuinStreet, Inc., an online performance marketing company, provides customer acquisition services for its clients in the United States and internationally.

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The company provides online marketing services, such as qualified clicks, leads, calls, applications, and customers through its websites or third-party publishers to financial and home services industries. It also develops the QuinStreet Rating Platform product for insurance agents and the CloudControlMedia that provides performance marketing agency and technology services to clients in financial services, education, and other markets.

The company was incorporated in 1999 and is headquartered in Foster City, California.

Industry
Advertising Agencies
Sector
Communication Services
Filer Category
Large accelerated filer
Fiscal Year End
June 30

Company Snapshot

P/E and reverse DCF are the primary valuation lenses at this stage.

Market Cap

—

P/E (annual)

—

P/S (annual)

—

P/B

—

P/OCF (annual)

—

Shareholder Yield

—

Employees

1,074

Industry

Advertising Agencies

Exchange

Nasdaq

Signal Flags

1 green1 red
Operating leverage expandingOperating income growing faster than revenue
Balance sheet deterioratingNet cash collapsed with receivables or inventory outpacing revenue

Quality Profile

Profitability

1/1 pass
GP / assets
0.20
Return on equity
25.1%
Gross margin trend
PASS

Safety

1/1 pass
Balance-sheet safety
PASS
Debt / equity
1.23
Current ratio
1.22×
Net cash
$58.31M

Cash Flow

3/3 pass
Positive FCF
PASS
Cash-backed earnings
PASS
Accruals healthy
PASS
SBC / revenue
2.9%

Growth

2/2 pass
Revenue growth
18.3%
Piotroski F-Score
6 / 9
Share dilution
-0.2%

Terry Smith quality gate

Passes 1/5 Terry Smith thresholds

Operating margin expansion and free cash flow are the primary reads at this stage.

Profitability

Gross profitability (GP / assets)

0.20

Primary signal (Novy-Marx).

8th of 10 SIC 7389 peers

Return on equity

25.1%

Gross margin

11.3%

10th of 10 SIC 7389 peers

Revenue growth (YoY)

18.3%

Gross margin improving

Margin trend vs prior year.

PASS

Operating Leverage

2023202420252026
Revenue vs COGS
Revenue vs OpEx
Op. Income vs Revenue

Growth

Revenue CAGR (3Y)

30.6%

Revenue CAGR (5Y)

17.5%

Earnings CAGR (3Y)

—

FCF CAGR (3Y)

144.3%

Anti-fragile safety

Balance-sheet safety

Composite anti-fragile check.

PASS

Debt / equity

1.23

7th of 9 SIC 7389 peers (best = lowest)

Current ratio

1.22×

8th of 10 SIC 7389 peers

Quick ratio

1.19×

Net cash

$58.31M

Cash & equivalents minus total debt.

Recession resistance

Revenue through recessions

Worst single-year YoY revenue decline, 17 years of history

Strong
2008-2009 (GFC)
N/AN/A
2020 (COVID)
7.7%Grew through it
Worst year on record(any fiscal year, not recession-limited)
-17.6%Significant decline

Cash-flow health

Free cash flow

$127.91M

Operating cash flow minus capex.

Positive free cash flow

PASS

FCF / net income

0.57

Cash-backing of earnings.

FCF/NI divergence

Unfavorable divergence (yellow flag).

PASS

Accruals healthy

Cash-backed earnings.

PASS

SBC / revenue

2.9%

Stock-based comp intensity.

Piotroski F-Score

F-Score

6 / 9

Fundamental-strength score (0-9).

Lifecycle Phase History

20212026
Op. Leverage
Startup
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