QuinStreet, Inc. (QNST) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments115,035110,318107,50962,52264,70049,57153,710
Cash and cash equivalents115,035110,318107,50962,52264,70049,57153,710
Receivables64,17591,46968,27076,67169,40146,82050,550
Prepaid expense 3,8439,0013,5043,0303,0513,399
Other current assets 546792681493413324
Other undisclosed current assets5,800      
Total current assets:185,010206,176185,572143,378137,62499,855107,983
Noncurrent Assets
Operating lease, right-of-use asset9,07310,9839,118
Property, plant and equipment8,4696,8495,6575,4104,2115,6137,678
Intangible assets, net (including goodwill)173,913177,010108,851117,66270,85660,22366,199
Goodwill119,589117,83380,67782,54462,28356,11856,118
Intangible assets, net (excluding goodwill)54,32459,17728,17435,1188,5734,10510,081
Restricted cash and investments   14   
Deferred income tax assets44,99743,33648,673
Other noncurrent assets6,1295,1615366,0127,6058,61711,242
Other undisclosed noncurrent assets   52,135   
Total noncurrent assets:242,581243,339172,835181,23382,67274,45385,119
TOTAL ASSETS:427,591449,515358,407324,611220,296174,308193,102
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities81,313102,88179,03073,97167,31751,42847,519
Accounts payable39,13945,23136,75937,09332,50625,20519,814
Accrued liabilities42,17457,65042,27136,87834,81126,22327,705
Deferred revenue363373
Debt      15,000
Deferred revenue and credits 1,1261,200
Other liabilities15,30712,6976,7348,967   
Other undisclosed current liabilities   761715  
Total current liabilities:96,656115,61185,83783,69968,03252,55463,719
Noncurrent Liabilities
Long-term debt and lease obligation6,3758,5458,692    
Operating lease, liability6,3758,5458,692
Liabilities, other than long-term debt25,91530,2117,93418,0833,9383,6724,631
Other liabilities25,91530,2117,93418,0833,9383,6724,631
Total noncurrent liabilities:32,29038,75616,62618,0833,9383,6724,631
Total liabilities:128,946154,367102,463101,78271,97056,22668,350
Stockholders' equity
Stockholders' equity attributable to parent298,645295,148255,944222,829148,326118,082124,752
Common stock55545250484545
Additional paid in capital326,346320,315304,650289,768277,761263,533257,950
Accumulated other comprehensive loss(255)(255)(237)(366)(380)(463)(418)
Accumulated deficit(27,501)(24,966)(48,521)(66,623)(129,103)(145,033)(132,825)
Total stockholders' equity:298,645295,148255,944222,829148,326118,082124,752
TOTAL LIABILITIES AND EQUITY:427,591449,515358,407324,611220,296174,308193,102

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

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
Revenues589,189578,487490,339455,154404,358299,785297,706
Revenue, net 299,785297,706
Cost of revenue(522,346)(507,956)(437,864)(393,509)(345,947)(269,409)(270,963)
Gross profit:66,84370,53152,47561,64558,41130,37626,743
Operating expenses(59,223)(56,605)(46,270)(50,918)(42,775)(41,040)(45,617)
Operating income (loss):7,62013,9266,20510,72715,636(10,664)(18,874)
Nonoperating income (expense)(53)16,69913,177359868(2,278)173
Investment income, nonoperating43923029018113861
Other nonoperating income (expense)(57)16,66012,94769687(2,416)112
Interest and debt expense(1,190)(1,296)(696)(367) (346)(585)
Income (loss) from continuing operations before income taxes:6,37729,32918,68610,71916,504(13,288)(19,286)
Income tax expense (benefit)(504)(5,774)(584)51,761(574)1,080(134)
Net income (loss) available to common stockholders, diluted:5,87323,55518,10262,48015,930(12,208)(19,420)

Comprehensive Income ($ in thousands)

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
Net income (loss):5,87323,55518,10262,48015,930(12,208)(19,420)
Other comprehensive income (loss)35(18)1291483(45)(5)
Comprehensive income (loss), net of tax, attributable to parent:5,90823,53718,23162,49416,013(12,253)(19,425)

Statements sources

The financial statements are based on the company's filings with the 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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