10-Q quarterly report · filed Nov 7, 2025

QUINSTREET, INC (QNST) Q3 2025 10-Q Quarterly Report

Short answer

QUINSTREET, INC (QNST) filed its Q3 2025 10-Q quarterly report on Nov 7, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $286M (up 2.4% year over year) with net income of $5M.

Q3 2025 key financials · XBRL

Revenue
$286M
+2.4% YoY
Net income
$5M
+432.0% YoY
Operating margin
1.7%
Gross margin
9.4%
EPS (diluted)
$0.08
+500.0% YoY

Source: XBRL data from the QUINSTREET, INC (QNST) Q3 2025 10-Q on SEC EDGAR. USD.

QUINSTREET, INC Q3 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Revenue $285.9M, up 2% YoY from $279.2M
  • Gross margin 9% vs 10% YoY; operating margin 1.6% vs negative 0.4%
  • Home services revenue $76.9M, up 15%; financial services revenue declined 2%
  • Cash $101.3M; operating cash flow $19.6M vs negative $13.7M YoY
  • Share repurchases $7.1M; media competition, regulations, and seasonality remain headwinds

Risk Factors

  • Newly highlighted tariff exposure: U.S. tariffs imposed in 2025 could increase costs for insurance and home-services clients
  • Client concentration risk: one client generated 21% of net revenue for the three months ended September 30, 2025
  • Data privacy and cybersecurity risk: AI-enabled attacks could compromise personal information and trigger regulatory penalties
  • Search-platform risk: algorithm changes or AI integration could reduce traffic to owned and third-party websites
  • Macroeconomic risk: tariffs or reciprocal tariffs could cause clients to decrease or delay marketing spending

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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