QNST · QuinStreet, Inc.

QuinStreet reported record fiscal third quarter 2026 results, with revenue of $346.1 million, up 28% year-over-year, driven by strong performance in Auto Insurance and Home Services. Auto Insurance revenue hit a record due to robust carrier demand and high consumer shopping activity, while Home Services also achieved a record quarter with revenue run-rates approaching $500 million annually. The company highlighted its AI optimization algorithms and early participation with OpenAI's advertising platform as key growth drivers. GAAP net income was $7.4 million, up 67% year-over-year, and adjusted EBITDA reached $29.6 million, up 53% year-over-year, reflecting margin expansion. Operating cash flow was $36.9 million, and the company ended the quarter with $102.0 million in cash. For fiscal Q4, QuinStreet guided revenue between $350 and $370 million (implying at least 34% YoY growth) and adjusted EBITDA between $37 and $43 million (implying at least 67% YoY growth), indicating continued strong momentum and margin improvement. The company's balance sheet remains solid with no debt (excluding $70 million in noncurrent debt from the balance sheet, which appears to be new debt, but no details were provided in the press release). Overall, the results and guidance suggest QuinStreet is benefiting from favorable industry trends and its technology investments.