QuinStreet, Inc. (QNST) Financial Statements (2024 and earlier)

Company Profile

Business Address 950 TOWER LANE, 6TH FLOOR
FOSTER CITY, CA 94404
State of Incorp.
Fiscal Year End June 30
Industry (SIC) 7389 - Business Services, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2023
MRQ
6/30/2023
6/30/2022
6/30/2021
6/30/2020
6/30/2019
6/30/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments73,67796,439110,318107,50962,52264,700
Cash and cash equivalents73,67796,439110,318107,50962,52264,700
Receivables67,86881,56091,46968,27076,67169,401
Prepaid expense 8,2414,1953,8439,0013,5043,030
Other current assets 1,418598546792681493
Other undisclosed current assets      
Total current assets:151,204182,792206,176185,572143,378137,624
Noncurrent Assets
Operating lease, right-of-use asset3,5366,80110,9839,118
Property, plant and equipment16,7499,3116,8495,6575,4104,211
Intangible assets, net (including goodwill)159,841170,837177,010108,851117,66270,856
Goodwill121,141121,141117,83380,67782,54462,283
Intangible assets, net (excluding goodwill)38,70049,69659,17728,17435,1188,573
Restricted cash and investments     14 
Deferred income tax assets  44,22043,33648,673
Other noncurrent assets5,8255,9485,1615366,0127,605
Other undisclosed noncurrent assets     52,135 
Total noncurrent assets:185,951237,117243,339172,835181,23382,672
TOTAL ASSETS:337,155419,909449,515358,407324,611220,296
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities81,93696,869102,88179,03073,97167,317
Accounts payable37,92642,41045,23136,75937,09332,506
Accrued liabilities44,01054,45957,65042,27136,87834,811
Deferred revenue 93413373
Other liabilities7,87512,36912,6976,7348,967 
Other undisclosed current liabilities     761715
Total current liabilities:89,820109,579115,61185,83783,69968,032
Noncurrent Liabilities
Long-term debt and lease obligation:  3,8588,5458,692  
Liabilities, other than long-term debt17,53420,47230,2117,93418,0833,938
Other liabilities16,27320,47230,2117,93418,0833,938
Operating lease, liability1,2613,8588,5458,692
Total noncurrent liabilities:17,53424,33038,75616,62618,0833,938
Total liabilities:107,354133,909154,367102,463101,78271,970
Equity
Equity, attributable to parent229,801286,000295,148255,944222,829148,326
Common stock545354525048
Additional paid in capital329,093316,422320,315304,650289,768277,761
Accumulated other comprehensive loss(266)(261)(255)(237)(366)(380)
Accumulated deficit(99,080)(30,214)(24,966)(48,521)(66,623)(129,103)
Total equity:229,801286,000295,148255,944222,829148,326
TOTAL LIABILITIES AND EQUITY:337,155419,909449,515358,407324,611220,296

Income Statement (P&L) ($ in thousands)

12/31/2023
TTM
6/30/2023
6/30/2022
6/30/2021
6/30/2020
6/30/2019
6/30/2018
Revenues580,624582,099578,487490,339455,154404,358
Cost of revenue(532,101)(528,368)(507,956)(437,864)(393,509)(345,947)
Gross profit:48,52353,73170,53152,47561,64558,411
Operating expenses(69,339)(58,449)(56,605)(46,270)(50,918)(42,775)
Operating income (loss):(20,816)(4,718)13,9266,20510,72715,636
Nonoperating income2443116,69913,177359868
Investment income, nonoperating2961039230290181
Other nonoperating income (expense)(52)2116,66012,94769687
Interest and debt expense(790)(1,075)(1,296)(696)(367) 
Income (loss) from continuing operations before income taxes:(21,362)(5,762)29,32918,68610,71916,504
Income tax expense (benefit)(47,504)514(5,774)(584)51,761(574)
Income (loss) from continuing operations:(68,866)(5,248)23,55518,10262,48015,930
Income (loss) before gain (loss) on sale of properties:(5,248)23,55518,10262,48015,930
Net income (loss) available to common stockholders, diluted:(68,866)(5,248)23,55518,10262,48015,930

Comprehensive Income ($ in thousands)

12/31/2023
TTM
6/30/2023
6/30/2022
6/30/2021
6/30/2020
6/30/2019
6/30/2018
Net income (loss):(68,866)(5,248)23,55518,10262,48015,930
Other comprehensive income (loss) (5)(6)(18)1291483
Comprehensive income (loss), net of tax, attributable to parent:(68,871)(5,254)23,53718,23162,49416,013

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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