{
  "url": "https://struct.news/briefs/quinstreets-profit-surge-met-an-18x-to-16x-cash-conversion-drop",
  "title": "QuinStreet's profit surge met an 18x-to-1.6x cash-conversion drop",
  "summary": "A $105.3 million HomeBuddy acquisition absorbed cash as accounts receivable grew 33.4%, even while annual operating income reached $35.4 million.",
  "published_at": "2026-08-26T23:46:07.579569+00:00",
  "publisher": "Struct",
  "usage": "Figures are as reported by the company. Quote with attribution to the source filing.",
  "company": {
    "name": "QuinStreet, Inc.",
    "ticker": "QNST",
    "cik": "1193125",
    "sector": "Communication Services",
    "industry": "Advertising Agencies"
  },
  "source_filing": {
    "form": "10-K",
    "filed": "2026-08-26",
    "accession": "0001193125-26-367160",
    "url": "https://www.sec.gov/Archives/edgar/data/1117297/000119312526367160/qnst-20260630.htm"
  },
  "comparison_filing": {
    "form": "10-K",
    "filed": "2025-08-21",
    "url": "https://www.sec.gov/Archives/edgar/data/1117297/000095017025110629/qnst-20250630.htm"
  },
  "reported_figures": [
    {
      "group": "QuinStreet fiscal 2026 at a glance",
      "label": "Revenue",
      "value": 1293712000,
      "display": "$1.3B",
      "unit": "usd",
      "period": "2026-06-30",
      "detail": null,
      "source": {
        "kind": "sec_filing",
        "label": "Filed company results",
        "form": "10-K",
        "accession": "0001193125-26-367160",
        "filing_date": "2026-08-26"
      }
    },
    {
      "group": "QuinStreet fiscal 2026 at a glance",
      "label": "Revenue YoY",
      "value": 18.28645775712232,
      "display": "+18.3%",
      "unit": "percent",
      "period": "2026-06-30",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-K",
        "accession": "0001193125-26-367160",
        "filing_date": "2026-08-26"
      }
    },
    {
      "group": "QuinStreet fiscal 2026 at a glance",
      "label": "Operating margin",
      "value": 2.7383219758338795,
      "display": "+2.7%",
      "unit": "percent",
      "period": "2026-06-30",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-K",
        "accession": "0001193125-26-367160",
        "filing_date": "2026-08-26"
      }
    },
    {
      "group": "QuinStreet fiscal 2026 at a glance",
      "label": "Net margin",
      "value": 6.279218249502208,
      "display": "+6.3%",
      "unit": "percent",
      "period": "2026-06-30",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-K",
        "accession": "0001193125-26-367160",
        "filing_date": "2026-08-26"
      }
    }
  ],
  "watch_next": [
    {
      "type": "working_capital",
      "statement": "Accounts receivable grew faster than revenue, while management attributed higher working-capital balances to revenue levels and the timing of receipts and payments.",
      "importance": "medium",
      "evidence": "The increases in working capital accounts were primarily due to higher revenue levels in fiscal year 2026 as compared to the same period in prior year, and the timing of receipts and payments.",
      "source_date": "2026-08-26"
    },
    {
      "type": "m_and_a",
      "statement": "QuinStreet paid $105.3 million in cash for the HomeBuddy acquisition, creating a material acquisition-related use of cash in fiscal 2026.",
      "importance": "medium",
      "evidence": "Cash used in investing activities in fiscal year 2026 was primarily due to $105.3 million cash paid at the closing of the HomeBuddy acquisition, net of cash acquired, internal software development costs of $10.9 million, and capital expenditures of $3.4 million.",
      "source_date": "2026-08-26"
    },
    {
      "type": "interest_rates",
      "statement": "Interest expense increased because of revolving-facility financing costs and higher interest accretion on HomeBuddy post-closing payment obligations.",
      "importance": "medium",
      "evidence": "Interest expense increased by $4.0 million in fiscal year 2026 compared to fiscal year 2025, primarily reflecting financing and interest costs associated with our revolving credit facility",
      "source_date": "2026-08-26"
    },
    {
      "type": "demand",
      "statement": "Financial-services revenue increased, led by insurance demand from a broad base of carrier clients, partly offset by declines in other financial-services verticals.",
      "importance": "medium",
      "evidence": "Revenue from our financial services client vertical increased by $71.2 million, or 9%, primarily due to an increase in revenue in our insurance business of $79.0 million, attributable to higher demand from a broad base of carrier clients",
      "source_date": "2026-08-26"
    }
  ],
  "related_tickers": [
    "QNST"
  ],
  "disclaimer": "Descriptive reporting of filed results. Not investment advice, and contains no forecast or recommendation."
}