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QuinStreet (QNST) investor relations material
QuinStreet Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved record Q2 revenue of $287.8 million, up 2% year-over-year, exceeding outlook for both revenue and adjusted EBITDA, marking a second consecutive quarter of record revenue in a seasonally low period.
Net income for the quarter was $50.2 million, primarily due to a $48.9 million tax benefit from the release of a valuation allowance on deferred tax assets.
Strong progress on strategic initiatives, including AI integration and the acquisition of HomeBuddy, which expands product, media, and client footprints in home services.
Auto insurance demand remained robust, outperforming historical seasonality, and home services continued double-digit growth.
Completed the acquisition of HomeBuddy in January for $115 million upfront and $75 million in post-closing payments, funded by cash and a new $150 million revolving credit facility.
Financial highlights
Q2 total revenue was $287.8 million; adjusted net income was $14 million ($0.24 per share); adjusted EBITDA was $21 million, up 8% year-over-year.
Gross profit for the quarter was $27.7 million, with a gross margin of 9.6%–10%.
Operating income was $1.2 million, compared to an operating loss of $1.4 million in the prior year.
Ended the quarter with $107 million in cash and equivalents and no bank debt.
Diluted EPS was $0.87, compared to $(0.03) in the prior year.
Outlook and guidance
Q3 revenue expected between $330 million–$340 million; adjusted EBITDA between $26.5 million–$30.5 million.
Full fiscal year 2026 revenue expected between $1.25 billion–$1.3 billion; adjusted EBITDA between $110 million–$115 million.
Excluding HomeBuddy, full-year revenue expected to grow at least 10% and adjusted EBITDA at least 20%; targeting 10% quarterly adjusted EBITDA margin this fiscal year.
Management expects continued revenue growth from sustainable sources at target profitability levels, with ongoing investment in growth initiatives.
The company believes existing cash, future operating cash flow, and available borrowings will be sufficient to meet anticipated requirements for at least the next 12 months.
- TimeTickerHeadlineOpen
- 6 FebMGY
Record production, strong free cash flow, and disciplined capital returns defined 2025. - 6 FebQNST
Record Q2 revenue, $50.2M net income, HomeBuddy acquisition, and AI drive growth. - 6 FebOPGN
Shareholders will vote on seven key proposals, including a new equity plan and company name change. - 6 FebCDP
2025 FFO/share up 5.8% with strong leasing; 2026 outlook positive amid record defense spending. - 6 FebVTR
2025 saw double-digit SHOP NOI and FFO growth, a raised dividend, and $2.5B in investments. - 6 FebREG
2025 delivered record NOI and FFO growth, with 2026 guidance projecting further gains. - 6 FebMNTS
All stock issuance proposals passed except the share increase, which was not approved. - 6 FebCPT
2025 beat guidance; 2026 sees lower FFO, Sun Belt focus, and major asset sales with share repurchases. - 6 FebKOG
Record growth, robust backlog, and a NOK 5.70 dividend proposal drive future expansion. - 6 FebTSBK
Net income rose 19.8% to $8.22M, with higher margins, strong capital, and a dividend increase.
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