QuinStreet (QNST) Cash Flow: Operating & Free Cash Flow

QuinStreet Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for QuinStreet, Inc. (QNST) - Annual data in millions USD
Breakdown	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Jun 2026	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017
Operating Activities
Net Income	81.24	4.71	-31.33	-68.87	-5.25	23.56	18.10	62.48	15.93	-12.21
Depreciation & Amortization	23.13	24.51	23.96	19.16	16.96	15.39	11.48	8.98	7.77	11.38
Deferred Income Tax	10.64	0.38	0.60	47.21	-0.79	5.41	3.55	-52.02	-0.05	-0.43
Stock Based Compensation	37.43	0.00	23.70	18.79	18.51	0.00	16.72	14.13	10.18	8.90
Change in Working Capital	28.37	4.25	-6.14	-5.97	0.15	2.85	10.15	-5.55	-6.32	7.79
Change in Accounts Receivable	-41.67	-26.20	-44.93	10.94	5.54	-20.06	11.35	-8.32	-24.96	2.87
Change in Inventory	0.00	0.00	0.00	-11.80	0.00	0.00	0.00	-1.81	11.75	0.04
Change in Accounts Payable	45.44	13.77	10.48	-4.77	-2.89	6.56	0.10	4.53	7.35	5.39
Change in Other Working Capital	24.60	16.67	-1.64	-0.33	2.22	16.35	-1.31	0.05	-0.46	-0.50
Other Operating Activities	-49.88	51.14	-1.64	1.52	-1.70	3.42	-12.38	9.95	-0.53	3.11
Net Cash from Operating Activities	131.30	84.98	12.04	11.84	28.67	50.62	47.61	37.97	26.98	18.54
Investing Activities
Capital Expenditures	-3.40	-2.07	-16.73	-15.00	-2.84	-1.97	-4.25	-4.31	-2.76	-3.35
Acquisitions	-104.89	0.00	-4.51	0.00	-1.80	-27.36	13.10	-32.74	-14.15	0.00
Purchases of Investments	0.00	0.00	0.00	0.00	0.00	-4.00	0.00	0.00	0.00	-0.77
Sales/Maturities of Investments	0.00	0.00	0.00	0.00	-4.67	0.00	0.00	0.00	0.00	0.00
Other Investing Activities	-9.92	-9.37	-12.88	-0.12	0.09	0.00	-1.94	0.06	1.06	-0.79
Net Cash from Investing Activities	-118.58	-11.44	-22.74	-15.13	-9.23	-36.46	8.87	-36.99	-15.85	-4.14
Financing Activities
Debt Repayment	70.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-15.00
Common Stock Issued	3.21	3.96	0.00	0.00	1.85	4.36	0.00	7.79	0.00	0.00
Common Stock Repurchased	-31.44	0.00	-2.29	-5.65	-22.61	0.00	0.00	-9.89	-0.65	-2.49
Other Financing Activities	-14.00	-26.95	-13.71	-13.81	-12.56	-15.67	-11.63	-4.05	4.54	-1.02
Net Cash from Financing Activities	14.54	-23.00	-12.51	-19.46	-33.32	-11.31	-11.63	-4.05	3.89	-18.51
Summary
Effect of Forex Changes on Cash	-0.02	0.05	0.02	-0.02	-0.01	-0.04	0.14	0.03	0.11	-0.03
Net Change in Cash	27.24	50.59	-23.19	-22.76	-13.88	2.81	44.99	-3.05	15.13	-4.14
Cash at Beginning of Period	101.09	50.49	73.69	96.45	110.33	107.51	62.54	65.59	49.57	53.71
Cash at End of Period	128.33	101.08	50.50	73.69	96.45	110.32	107.52	62.54	64.70	49.57
Free Cash Flow	127.91	82.91	-4.69	-3.17	25.83	48.65	43.36	33.66	24.22	15.19
Supplemental Disclosures
Income Taxes Paid	-	0.58	0.47	0.37	0.40	0.29	-	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About QuinStreet Cash Flow

What is QuinStreet's free cash flow?

QuinStreet generated free cash flow of $127.91M in fiscal 2026 (fiscal year ended Jun 30, 2026), operating cash flow of $131.30M minus $3.40M of capital expenditures. That was up 54.3% from $82.91M a year earlier. Free cash flow equaled 9.9% of revenue.

How much does QuinStreet spend on capital expenditures?

QuinStreet spent $3.40M on capital expenditures in fiscal 2026, compared with $2.07M a year earlier. That equals 2.6% of operating cash flow.

Does QuinStreet pay dividends or buy back shares?

Yes. In fiscal 2026 QuinStreet returned $31.44M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition