QuinStreet (QNST) Q1 2027 earnings summary

Executive summary

• Fiscal Q1 2027 revenue rose 46% YoY to a record $416.7M; adjusted EBITDA rose 108% to a record $42.7M.

• GAAP net income reached a record $17.0M, up 275% YoY, with growth across financial services and home services.

Financial highlights

• Gross profit increased 98% to $53.3M; operating income rose to $23.3M from $4.8M.

• Net income was $17.0M versus $4.5M; diluted EPS was $0.29 versus $0.08.

• Adjusted net income was $29.2M versus $13.1M; adjusted diluted EPS was $0.50 versus $0.22.

• Adjusted EBITDA was $42.7M versus $20.5M; operating cash flow was $23.3M versus $19.6M.

Outlook and guidance

• Fiscal Q2 revenue outlook is $360M–$380M and adjusted EBITDA outlook is $32M–$33M; midpoint growth is 29% and 54% YoY, respectively.

• FY2027 revenue outlook was raised to $1.5B–$1.6B and adjusted EBITDA to $155M–$165M; midpoint growth is 20% and 42% YoY, respectively.

• Guidance excludes a potential December-quarter auto insurance budget flush; Q2 is typically seasonally weaker, with trends generally reversing in January.

• Adjusted EBITDA guidance cannot be quantitatively reconciled to GAAP without unreasonable efforts due to variability in taxes and contingent-consideration fair-value changes.