QuinStreet (QNST)
Market Price (8/17/2026): $20.57 | Market Cap: $1.2 BilSector: Communication Services | Industry: Interactive Media & Services
QuinStreet (QNST)
Market Price (8/17/2026): $20.57Market Cap: $1.2 BilSector: Communication ServicesIndustry: Interactive Media & Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.6%, FCF Yield is 8.0% Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 15% Megatrend and thematic driversMegatrends include Digital Advertising, and E-commerce & Digital Retail. Themes include Ad-Tech Platforms, Online Marketplaces, Show more. | Weak multi-year price returns2Y Excs Rtn is -26% | Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 58x Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 60% Key risksQNST key risks include [1] significant client concentration under contracts that are cancelable on short notice, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.6%, FCF Yield is 8.0% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 15% |
| Megatrend and thematic driversMegatrends include Digital Advertising, and E-commerce & Digital Retail. Themes include Ad-Tech Platforms, Online Marketplaces, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -26% |
| Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 58x |
| Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 60% |
| Key risksQNST key risks include [1] significant client concentration under contracts that are cancelable on short notice, Show more. |
Qualitative Assessment
AI Analysis | Feedback
QuinStreet (QNST) stock has gained about 60% since 4/30/2026 because of the following key factors:
1. QuinStreet reported strong financial results for its fiscal third quarter 2026, which ended March 31, 2026, and a record-breaking fiscal fourth quarter and full fiscal year 2026, significantly surpassing analyst expectations.
In early May 2026, the company announced fiscal Q3 2026 revenue of $346.1 million, an increase of 28% year-over-year, and adjusted EBITDA of $29.6 million, up 53% year-over-year. GAAP net income also rose 67% year-over-year to $7.4 million. This was followed by a robust fiscal Q4 2026 earnings report in early August 2026, where QuinStreet exceeded consensus estimates with an adjusted EPS of $0.50 (vs. $0.44 expected) and revenue of $373.88 million (vs. $359.95 million expected), representing a 43% year-over-year increase.
2. The company provided an optimistic fiscal year 2027 outlook and demonstrated continued margin expansion, reinforcing investor confidence.
Following its fiscal Q4 2026 results, QuinStreet issued fiscal 2027 guidance projecting revenue between $1.45 billion and $1.55 billion, signaling further growth. This positive outlook was supported by substantial improvements in profitability, with fiscal Q4 2026 net income surging 496% year-over-year to $19.1 million and adjusted EBITDA growing 87% year-over-year to $41.4 million. The company also highlighted a trailing net margin of approximately 6% and an adjusted EBITDA margin of 11.1% in fiscal Q4 2026, with expectations for fiscal 2027 margins to remain above 10%.
Show more
QuinStreet (QNST) stock has gained about 60% since 4/30/2026 because of the following key factors:
1. QuinStreet reported strong financial results for its fiscal third quarter 2026, which ended March 31, 2026, and a record-breaking fiscal fourth quarter and full fiscal year 2026, significantly surpassing analyst expectations.
In early May 2026, the company announced fiscal Q3 2026 revenue of $346.1 million, an increase of 28% year-over-year, and adjusted EBITDA of $29.6 million, up 53% year-over-year. GAAP net income also rose 67% year-over-year to $7.4 million. This was followed by a robust fiscal Q4 2026 earnings report in early August 2026, where QuinStreet exceeded consensus estimates with an adjusted EPS of $0.50 (vs. $0.44 expected) and revenue of $373.88 million (vs. $359.95 million expected), representing a 43% year-over-year increase.
2. The company provided an optimistic fiscal year 2027 outlook and demonstrated continued margin expansion, reinforcing investor confidence.
Following its fiscal Q4 2026 results, QuinStreet issued fiscal 2027 guidance projecting revenue between $1.45 billion and $1.55 billion, signaling further growth. This positive outlook was supported by substantial improvements in profitability, with fiscal Q4 2026 net income surging 496% year-over-year to $19.1 million and adjusted EBITDA growing 87% year-over-year to $41.4 million. The company also highlighted a trailing net margin of approximately 6% and an adjusted EBITDA margin of 11.1% in fiscal Q4 2026, with expectations for fiscal 2027 margins to remain above 10%.
3. Multiple analyst upgrades and positive revisions to price targets indicated growing confidence in QuinStreet's prospects.
Several financial firms upgraded their ratings or reiterated "buy" recommendations for QNST during this period. Lake Street Capital, for instance, upgraded QuinStreet from a "hold" to a "buy" rating in early August 2026, setting a new price target of $21.00. Wall Street Zen also raised its rating from "hold" to "buy" in early August 2026. The consensus among analysts resulted in a "Moderate Buy" rating for the stock, with an average price target of $22.00 and a high target of $26.00.
4. QuinStreet's strong performance in key verticals, particularly Auto Insurance and Home Services, and its strategic focus on accretive acquisitions contributed to its growth narrative.
The company reported record revenue in its Auto Insurance segment during fiscal Q3 2026, driven by strong carrier demand and high consumer shopping activity. Its Home Services segment also achieved a record quarter, with revenue run-rates nearing half a billion dollars annually. Furthermore, management indicated an active pipeline for mergers and acquisitions for fiscal 2027, expecting one or two smaller but "highly accretive" deals following the HomeBuddy acquisition, highlighting bolt-on acquisitions as a core component of QuinStreet's growth and margin expansion strategy.
Show less
Stock Movement Drivers
Fundamental Drivers
The 60.7% change in QNST stock from 4/30/2026 to 8/16/2026 was primarily driven by a 54.1% change in the company's P/E Multiple.| (LTM values as of) | 4302026 | 8162026 | Change |
|---|---|---|---|
| Stock Price ($) | 12.76 | 20.50 | 60.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,106 | 1,182 | 6.9% |
| Net Income Margin (%) | 5.6% | 5.5% | -2.0% |
| P/E Multiple | 11.7 | 18.0 | 54.1% |
| Shares Outstanding (Mil) | 57 | 57 | -0.4% |
| Cumulative Contribution | 60.7% |
Market Drivers
4/30/2026 to 8/16/2026| Return | Correlation | |
|---|---|---|
| QNST | 60.7% | |
| Market (SPY) | 8.0% | 6.0% |
| Sector (XLC) | -3.1% | 20.0% |
Fundamental Drivers
The 54.3% change in QNST stock from 1/31/2026 to 8/16/2026 was primarily driven by a 473.4% change in the company's Net Income Margin (%).| (LTM values as of) | 1312026 | 8162026 | Change |
|---|---|---|---|
| Stock Price ($) | 13.29 | 20.50 | 54.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,100 | 1,182 | 7.4% |
| Net Income Margin (%) | 1.0% | 5.5% | 473.4% |
| P/E Multiple | 71.9 | 18.0 | -75.0% |
| Shares Outstanding (Mil) | 57 | 57 | 0.3% |
| Cumulative Contribution | 54.3% |
Market Drivers
1/31/2026 to 8/16/2026| Return | Correlation | |
|---|---|---|
| QNST | 54.3% | |
| Market (SPY) | 12.5% | 14.9% |
| Sector (XLC) | -5.6% | 20.9% |
Fundamental Drivers
The 24.9% change in QNST stock from 7/31/2025 to 8/16/2026 was primarily driven by a 14.7% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 7312025 | 8162026 | Change |
|---|---|---|---|
| Stock Price ($) | 16.41 | 20.50 | 24.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,030 | 1,182 | 14.7% |
| P/S Multiple | 0.9 | 1.0 | 9.8% |
| Shares Outstanding (Mil) | 57 | 57 | -0.9% |
| Cumulative Contribution | 24.9% |
Market Drivers
7/31/2025 to 8/16/2026| Return | Correlation | |
|---|---|---|
| QNST | 24.9% | |
| Market (SPY) | 23.9% | 20.7% |
| Sector (XLC) | 6.2% | 21.3% |
Fundamental Drivers
The 130.9% change in QNST stock from 7/31/2023 to 8/16/2026 was primarily driven by a 98.0% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 7312023 | 8162026 | Change |
|---|---|---|---|
| Stock Price ($) | 8.88 | 20.50 | 130.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 597 | 1,182 | 98.0% |
| P/S Multiple | 0.8 | 1.0 | 23.6% |
| Shares Outstanding (Mil) | 54 | 57 | -5.7% |
| Cumulative Contribution | 130.9% |
Market Drivers
7/31/2023 to 8/16/2026| Return | Correlation | |
|---|---|---|
| QNST | 130.9% | |
| Market (SPY) | 75.6% | 30.6% |
| Sector (XLC) | 69.4% | 28.5% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| QNST Return | -15% | -21% | -11% | 80% | -38% | 44% | -3% |
| Peers Return | -49% | -42% | 39% | 12% | 34% | -19% | -50% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 14% | 108% |
Monthly Win Rates [3] | |||||||
| QNST Win Rate | 33% | 58% | 58% | 75% | 33% | 62% | |
| Peers Win Rate | 28% | 38% | 53% | 52% | 57% | 45% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| QNST Max Drawdown | -46% | -54% | -62% | -21% | -48% | -31% | |
| Peers Max Drawdown | -72% | -63% | -65% | -42% | -39% | -48% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: TREE, EVER, MAX, NRDS, RKT.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 8/14/2026 (YTD)
How Low Can It Go
| Event | QNST | S&P 500 |
|---|---|---|
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -58.9% | -6.7% |
| % Gain to Breakeven | 143.1% | 7.1% |
| Time to Breakeven | 315 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -53.8% | -24.5% |
| % Gain to Breakeven | 116.3% | 32.4% |
| Time to Breakeven | 730 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -57.9% | -33.7% |
| % Gain to Breakeven | 137.3% | 50.9% |
| Time to Breakeven | 175 days | 140 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -13.5% | -3.7% |
| % Gain to Breakeven | 15.6% | 3.9% |
| Time to Breakeven | 8 days | 6 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -43.6% | -12.2% |
| % Gain to Breakeven | 77.3% | 13.9% |
| Time to Breakeven | 554 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -40.7% | -6.8% |
| % Gain to Breakeven | 68.7% | 7.3% |
| Time to Breakeven | 560 days | 15 days |
In The Past
QuinStreet's stock fell 0.0% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 0.0% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
| Event | QNST | S&P 500 |
|---|---|---|
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -58.9% | -6.7% |
| % Gain to Breakeven | 143.1% | 7.1% |
| Time to Breakeven | 315 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -53.8% | -24.5% |
| % Gain to Breakeven | 116.3% | 32.4% |
| Time to Breakeven | 730 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -57.9% | -33.7% |
| % Gain to Breakeven | 137.3% | 50.9% |
| Time to Breakeven | 175 days | 140 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -43.6% | -12.2% |
| % Gain to Breakeven | 77.3% | 13.9% |
| Time to Breakeven | 554 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -40.7% | -6.8% |
| % Gain to Breakeven | 68.7% | 7.3% |
| Time to Breakeven | 560 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -20.7% | -17.9% |
| % Gain to Breakeven | 26.1% | 21.8% |
| Time to Breakeven | 2313 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -33.9% | -15.4% |
| % Gain to Breakeven | 51.2% | 18.2% |
| Time to Breakeven | 125 days | 125 days |
In The Past
QuinStreet's stock fell 0.0% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 0.0% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About QuinStreet (QNST)
QuinStreet, Inc. (QNST) is an online performance marketing company specializing in customer acquisition for its clients. The company's fundamental purpose is to help businesses efficiently identify and attract new customers through digital channels. Operating on a results-oriented model, QuinStreet’s clients typically pay only when specific, measurable actions or outcomes are successfully delivered.
The company's main services revolve around generating qualified customer engagement and interest. This takes various forms, such as providing qualified clicks, high-quality leads, direct phone calls, completed applications, or facilitating the acquisition of new customers. QuinStreet achieves these results by utilizing its extensive network of proprietary websites and collaborating with a broad array of third-party publishers to direct valuable, high-intent prospects to its client businesses.
QuinStreet serves a wide range of clients who are seeking to expand their customer base across different industries. Its primary customers are businesses operating within significant market verticals, with a particular focus on financial services and home services. The company provides its customer acquisition expertise to clients both domestically in the United States and in international markets, offering a global reach for businesses aiming to grow.
AI Analysis | Feedback
Here are 1-3 brief analogies for QuinStreet (QNST):
-
A more diversified LendingTree, generating qualified customer leads and acquisitions for businesses in financial and home services, getting paid only for results.
-
Like a digital-first, pay-for-performance version of Angi (formerly Angie's List), actively acquiring customers (leads, applications) for home and financial service providers.
AI Analysis | Feedback
- Qualified Clicks: Delivery of targeted website visits to clients' online properties.
- Qualified Leads: Provision of potential customer information (leads) that meet specific client criteria.
- Qualified Calls: Facilitation of inbound calls from potential customers interested in a client's offerings.
- Qualified Applications: Generation of completed application forms from prospective customers for client products or services.
- Qualified Customers: Direct acquisition of new paying customers for clients through online performance marketing efforts.
AI Analysis | Feedback
However, QuinStreet serves clients across various industry verticals. Its primary customer categories include companies within:
- Financial Services
- Home Services
AI Analysis | Feedback
- Alphabet Inc. (GOOGL)
- Meta Platforms, Inc. (META)
- Microsoft Corporation (MSFT)
AI Analysis | Feedback
Douglas Valenti, Chief Executive Officer and Chairman
Mr. Valenti founded QuinStreet in 1999 and has served as its Chief Executive Officer since July 1999 and as Chairman since March 2004. Prior to QuinStreet, he was a partner at Rosewood Capital, a venture capital firm; a strategy consultant at McKinsey & Company; and held various management roles at Procter & Gamble. He also served as a nuclear submarine officer for the U.S. Navy.
Gregory Wong, Chief Financial Officer and Senior Vice President
Mr. Wong has served as Chief Financial Officer since September 2013. Before joining QuinStreet, he was the Director of Finance at Lexar Media, a flash memory manufacturer and subsidiary of Micron Technology, Inc., from August 2006 to February 2008. He previously held various finance positions with both public and private technology companies.
Nina Bhanap, President, Product & Technology and Chief Technology Officer
Ms. Bhanap has served as Chief Technology Officer since July 2009 and President of Product and Technology since July 2015. Prior to QuinStreet, she was head of fixed income sales technology for Europe at Morgan Stanley and a senior associate at Booz Allen Hamilton.
Tim Stevens, Chief Operating Officer
Mr. Stevens has served as Chief Operating Officer since February 2023. He joined QuinStreet in December 2016 as Senior Vice President and was promoted to Executive Vice President in August 2021. He initially focused on strategic initiatives and business development, later taking responsibility for company media (excluding education) and leading the Home Services and Personal Loans client verticals.
Martin J. Collins, Chief Legal & Privacy Officer
Mr. Collins joined QuinStreet in April 2014. Before QuinStreet, he was Vice President of Corporate Development at Bloom Energy, where he handled corporate development and legal matters. He also served as General Counsel and Head of Internal Audit at Novellus Systems and was responsible for M&A and corporate and securities matters for Oracle Corporation's legal department.
AI Analysis | Feedback
The key risks for QuinStreet (QNST) primarily revolve around regulatory changes, intense market competition, and the company's dependence on specific verticals and third-party platforms.
-
Regulatory Changes and Compliance Costs: QuinStreet faces significant threats from evolving industry standards and government regulations, particularly those concerning consumer privacy and marketing practices such as the Telephone Consumer Protection Act (TCPA), Telemarketing Sales Rule (TSR), and California Consumer Privacy Act (CCPA). Stricter enforcement or modifications to these regulations could necessitate substantial operational adjustments, leading to increased compliance costs and potential liabilities. The company's reliance on third-party publishers further exposes it to potential liability if these partners fail to comply with regulatory requirements or client marketing guidelines.
-
Intense Competition and Dependence on Third-Party Media Sources: The digital marketing sector in which QuinStreet operates is highly competitive, with numerous rivals, including those with established brands and deeper financial resources, challenging its market position. QuinStreet's business model heavily relies on attracting internet users through search engines and other third-party media sources. Fluctuations in advertising costs, changes in search engine algorithms, or a decline in the availability and quality of media from these external partners could directly impact the company's profitability and revenue generation. The emergence and growth of alternative advertising platforms, such as TikTok, LinkedIn, and Instagram Reels, also intensify the competitive landscape.
-
Concentration in Key Verticals and Macroeconomic Factors: While QuinStreet benefits from a strong presence in key verticals like financial services and home services, particularly auto insurance, this concentration also presents a risk. The company's performance can be significantly affected by macroeconomic uncertainties and external economic factors, such as tariff volatility, which can influence client advertising budgets and overall spending in these essential sectors. The sustainability of growth within segments like auto insurance, despite being a strong driver, is a continuous management focus due to potential market shifts and economic impacts.
AI Analysis | Feedback
AI Analysis | Feedback
QuinStreet (NASDAQ: QNST) operates in significant addressable markets within online performance marketing, primarily focusing on the financial services and home services verticals.
The global performance marketing services market, which encompasses QuinStreet's core offerings, was estimated at USD 25.0 billion in 2024 and is projected to grow to USD 40.0 billion by 2035. North America is identified as one of the largest and most advanced markets within this sector. Similarly, the global customer acquisition tool market was valued at approximately USD 6.5 billion in 2023 and is anticipated to reach USD 16.3 billion by 2033, with North America being the largest market.
Financial Services Market
The financial services vertical is a substantial contributor to QuinStreet's revenue, particularly driven by the U.S. auto insurance market. The broader global online advertising market, which financial institutions leverage for customer acquisition, was valued at USD 359.88 billion in 2025 and is projected to reach USD 1,344.68 billion by 2034. The BFSI (banking, financial services, and insurance) sector accounts for nearly 18% of this global online advertising market. North America holds approximately 36% of the global online advertising market share, making it a leading regional contributor.
Home Services Market
In the home services sector, QuinStreet addresses a substantial market. The estimated annual marketing spend by home improvement professionals ranges from USD 30 billion to USD 60 billion. The global online on-demand home services market, a segment where QuinStreet's services are highly relevant, was valued at USD 5.0 billion in 2024 and is projected to grow to approximately USD 13.84 billion by 2030, with a compound annual growth rate (CAGR) of 18.5%. North America leads this global market, holding a 30-35% share in 2024.
AI Analysis | Feedback
QuinStreet (QNST) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and market trends:
- Sustained Demand and Recovery in the Auto Insurance Vertical: QuinStreet anticipates continued strong demand and a significant re-ramp in the auto insurance sector. The company has observed a "steeply up and to the right" trajectory in demand from carrier clients, which is also broad-based. QuinStreet's strategy in this area involves optimizing its media supply to effectively meet this elevated demand, leading to further revenue and margin growth in the coming quarters and years.
- Growth in the Home Services Vertical, Enhanced by the HomeBuddy Acquisition: The home services client vertical has consistently demonstrated double-digit growth. This growth is expected to accelerate significantly following the completion of the HomeBuddy acquisition in January 2026. This acquisition expands QuinStreet's product, media, and client footprint within home services and is projected to be accretive to adjusted EBITDA, contributing to increased revenue.
- Investments in Artificial Intelligence (AI) and New Products: QuinStreet is actively investing in and making progress with artificial intelligence initiatives. The company expects AI to accelerate its already fast-growing markets by enhancing consumer access, interface, and engagement in digital media. Furthermore, QuinStreet is focused on investing in new products and initiatives designed to foster future growth and margin expansion.
- Expansion of Product, Market, and Media Footprint: The company is strategically expanding its overall product, market, and media footprint. QuinStreet has noted it is less than 10% penetrated in its addressable market and anticipates double-digit revenue growth for many years by expanding its offerings and reach. This includes diversification into new channels and verticals, which is expected to broaden its client base and drive stable growth.
AI Analysis | Feedback
Share Repurchases
- QuinStreet announced a plan to resume its previously authorized $40 million share purchase program in May 2023, with approximately $20 million remaining available.
- The company's Board of Directors authorized a new $40 million share repurchase program in the first quarter of fiscal year 2026 (ended September 30, 2025).
- QuinStreet repurchased $7.13 million in shares in the quarter ending September 30, 2025, and $9.63 million in the quarter ending December 31, 2025.
Outbound Investments
- On November 30, 2025, QuinStreet entered into a definitive agreement to acquire HomeBuddy (SIREN GROUP AG) for a total consideration of $190 million.
- The acquisition terms for HomeBuddy included $115 million in cash at closing and $75 million in post-closing payments, payable equally over four years.
- The acquisition of HomeBuddy, which closed on January 5, 2026, is expected to contribute an anticipated $30 million or more to QuinStreet's adjusted EBITDA in the first twelve months following closing.
Capital Expenditures
- Capital expenditures of $5.3 million absorbed a significant portion of QuinStreet's operating cash flow.
Peer Outperformance in Interactive Media & Services
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Wireless Telecommunication Services | 3 | 7.2% | 40.0% | 35.7% | ECHO 272% · TMUS 36% · SHEN -53% |
| Publishing | 5 | 28.2% | 6.0% | 32.7% | NYT 41% · SCHL 40% · NWSA 33% |
| Integrated Telecommunication Services | 22 | -9.5% | 6.4% | -10.5% | IQST 1781% · GSAT 310% · AD 152% |
| Movies & Entertainment | 23 | 15.6% | 90.1% | -18.6% | IMAX 266% · MSGS 174% · SPHR 170% |
| Alternative Carriers | 4 | 54.4% | 21.2% | -37.8% | IRDM 37% · UNIT -38% · LUMN -38% |
| Advertising | 18 | -4.6% | -10.2% | -54.8% | APP 404% · EVC 73% · OMC 40% |
| Broadcasting | 14 | 4.0% | -10.4% | -59.7% | FOXA 99% · NXST 55% · WBD -2% |
| Interactive Media & Services ← | 31 | -24.5% | -33.6% | -67.4% | GOOGL 155% · AREN 117% · META 66% |
| Interactive Home Entertainment | 8 | -35.1% | -45.3% | -87.8% | TTWO 51% · RBLX -51% · PINS -57% |
Latest Trefis Analyses
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 17.63 |
| Mkt Cap | 0.8 |
| Rev LTM | 1,203 |
| Op Inc LTM | 84 |
| FCF LTM | 84 |
| FCF 3Y Avg | 55 |
| CFO LTM | 93 |
| CFO 3Y Avg | 67 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 18.7% |
| Rev Chg 3Y Avg | 32.9% |
| Rev Chg Q | 25.6% |
| QoQ Delta Rev Chg LTM | 5.5% |
| Op Inc Chg LTM | 208.5% |
| Op Inc Chg 3Y Avg | 299.6% |
| Op Mgn LTM | 8.5% |
| Op Mgn 3Y Avg | 4.7% |
| QoQ Delta Op Mgn LTM | 0.4% |
| CFO/Rev LTM | 8.0% |
| CFO/Rev 3Y Avg | 6.7% |
| FCF/Rev LTM | 6.9% |
| FCF/Rev 3Y Avg | 5.7% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Single Segment | 1,094 | 614 | 581 | 582 | |
| Divested Businesses | 12 | ||||
| Financial services | 427 | ||||
| Home Services | 135 | ||||
| Other Revenue | 6 | ||||
| Total | 1,094 | 614 | 581 | 582 | 578 |
| $ Mil | 2015 | 2010 |
|---|---|---|
| All other | 9 | |
| DMS | 1 | 70 |
| Elimination | -29 | |
| DSS | 1 | |
| Depreciation and amortization | -19 | |
| Stock-based compensation expense | -13 | |
| Total | -19 | 39 |
Price Behavior
| Market Price | $20.50 | |
| Market Cap ($ Bil) | 1.2 | |
| First Trading Date | 02/11/2010 | |
| Distance from 52W High | -6.9% | |
| 50 Days | 200 Days | |
| DMA Price | $15.47 | $13.70 |
| DMA Trend | up | up |
| Distance from DMA | 32.5% | 49.7% |
| 3M | 1YR | |
| Volatility | 87.9% | 59.4% |
| Downside Capture | -41.14 | 90.48 |
| Upside Capture | 233.23 | 108.04 |
| Correlation (SPY) | 9.5% | 20.0% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.17 | -0.01 | -0.05 | 0.59 | 0.84 | 1.02 |
| Up Beta | -2.96 | -0.49 | -0.57 | 0.09 | 0.90 | 0.93 |
| Down Beta | 1.87 | 0.43 | -0.02 | 0.41 | 0.69 | 1.08 |
| Up Capture | 44% | 70% | 53% | 89% | 68% | 114% |
| Bmk +ve Days | 11 | 22 | 35 | 67 | 138 | 427 |
| Stock +ve Days | 12 | 27 | 38 | 74 | 127 | 374 |
| Down Capture | -45% | -77% | -42% | 78% | 101% | 101% |
| Bmk -ve Days | 11 | 21 | 28 | 59 | 114 | 326 |
| Stock -ve Days | 9 | 15 | 24 | 50 | 120 | 370 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with QNST | |
|---|---|---|---|---|
| QNST | 34.1% | 59.1% | 0.69 | - |
| Sector ETF (XLC) | 2.7% | 15.0% | -0.03 | 20.2% |
| Equity (SPY) | 21.5% | 12.8% | 1.25 | 19.9% |
| Gold (GLD) | 30.0% | 28.5% | 0.91 | 2.3% |
| Commodities (DBC) | 38.1% | 20.1% | 1.49 | -7.6% |
| Real Estate (VNQ) | 14.4% | 13.9% | 0.73 | 19.5% |
| Bitcoin (BTCUSD) | -49.1% | 42.8% | -1.45 | 22.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with QNST | |
|---|---|---|---|---|
| QNST | 2.2% | 53.2% | 0.23 | - |
| Sector ETF (XLC) | 7.5% | 20.9% | 0.27 | 29.7% |
| Equity (SPY) | 13.4% | 17.2% | 0.60 | 31.9% |
| Gold (GLD) | 19.5% | 18.6% | 0.85 | 2.8% |
| Commodities (DBC) | 9.6% | 19.6% | 0.38 | 3.3% |
| Real Estate (VNQ) | 2.3% | 18.9% | 0.02 | 24.8% |
| Bitcoin (BTCUSD) | 8.0% | 52.8% | 0.34 | 18.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with QNST | |
|---|---|---|---|---|
| QNST | 19.7% | 55.8% | 0.55 | - |
| Sector ETF (XLC) | 9.3% | 22.2% | 0.47 | 37.3% |
| Equity (SPY) | 15.4% | 17.9% | 0.73 | 36.1% |
| Gold (GLD) | 12.0% | 16.2% | 0.60 | 3.3% |
| Commodities (DBC) | 7.7% | 18.0% | 0.34 | 11.3% |
| Real Estate (VNQ) | 5.0% | 20.7% | 0.20 | 27.1% |
| Bitcoin (BTCUSD) | 59.9% | 66.1% | 1.00 | 10.7% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 8/17/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/6/2026 | 38.5% | 36.3% | |
| 5/7/2026 | -1.1% | -16.5% | -11.2% |
| 2/5/2026 | 10.7% | -4.5% | 8.1% |
| 11/6/2025 | -0.6% | 2.2% | 5.3% |
| 8/7/2025 | -6.2% | -7.8% | 0.2% |
| 5/7/2025 | -14.4% | -13.1% | -12.1% |
| 2/6/2025 | -4.3% | -8.3% | -32.5% |
| 11/4/2024 | 5.5% | 15.9% | 11.2% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 15 | 13 | 18 |
| # Negative | 10 | 12 | 6 |
| Median Positive | 12.2% | 16.9% | 8.7% |
| Median Negative | -7.2% | -8.2% | -11.7% |
| Max Positive | 38.5% | 36.3% | 28.9% |
| Max Negative | -26.8% | -28.4% | -32.5% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/6/2026 | 38.5% | 36.3% | |
| 5/7/2026 | -1.1% | -16.5% | -11.2% |
| 2/5/2026 | 10.7% | -4.5% | 8.1% |
| 11/6/2025 | -0.6% | 2.2% | 5.3% |
| 8/7/2025 | -6.2% | -7.8% | 0.2% |
| 5/7/2025 | -14.4% | -13.1% | -12.1% |
| 2/6/2025 | -4.3% | -8.3% | -32.5% |
| 11/4/2024 | 5.5% | 15.9% | 11.2% |
| 8/8/2024 | -8.1% | -5.8% | 7.7% |
| 5/8/2024 | 0.8% | -5.8% | -9.5% |
| 2/7/2024 | 13.8% | 16.9% | 17.1% |
| 11/1/2023 | -4.1% | -8.1% | 8.1% |
| 8/9/2023 | 17.1% | 19.7% | 9.3% |
| 5/3/2023 | -11.3% | -28.4% | 0.7% |
| 2/8/2023 | 18.4% | 21.8% | 5.5% |
| 11/3/2022 | 23.5% | 26.7% | 28.9% |
| 8/3/2022 | 14.9% | 18.2% | 11.9% |
| 5/4/2022 | 7.7% | 8.8% | 22.0% |
| 2/8/2022 | -26.8% | -23.3% | -26.3% |
| 11/3/2021 | 15.0% | 21.7% | 16.0% |
| 8/4/2021 | 7.8% | -1.0% | 4.9% |
| 5/5/2021 | -8.5% | -11.8% | -10.9% |
| 2/3/2021 | 12.2% | 12.3% | 6.1% |
| 10/28/2020 | 8.3% | 6.7% | 16.2% |
| 8/5/2020 | 7.0% | 9.0% | 17.5% |
| SUMMARY STATS | |||
| # Positive | 15 | 13 | 18 |
| # Negative | 10 | 12 | 6 |
| Median Positive | 12.2% | 16.9% | 8.7% |
| Median Negative | -7.2% | -8.2% | -11.7% |
| Max Positive | 38.5% | 36.3% | 28.9% |
| Max Negative | -26.8% | -28.4% | -32.5% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/08/2026 | 10-Q |
| 12/31/2025 | 02/06/2026 | 10-Q |
| 09/30/2025 | 11/07/2025 | 10-Q |
| 06/30/2025 | 08/21/2025 | 10-K |
| 03/31/2025 | 05/08/2025 | 10-Q |
| 12/31/2024 | 02/07/2025 | 10-Q |
| 09/30/2024 | 11/08/2024 | 10-Q |
| 06/30/2024 | 08/21/2024 | 10-K |
| 03/31/2024 | 05/09/2024 | 10-Q |
| 12/31/2023 | 02/08/2024 | 10-Q |
| 09/30/2023 | 11/03/2023 | 10-Q |
| 06/30/2023 | 08/21/2023 | 10-K |
| 03/31/2023 | 05/05/2023 | 10-Q |
| 12/31/2022 | 02/09/2023 | 10-Q |
| 09/30/2022 | 11/04/2022 | 10-Q |
| 06/30/2022 | 08/22/2022 | 10-K |
| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/08/2026 | 10-Q |
| 12/31/2025 | 02/06/2026 | 10-Q |
| 09/30/2025 | 11/07/2025 | 10-Q |
| 06/30/2025 | 08/21/2025 | 10-K |
| 03/31/2025 | 05/08/2025 | 10-Q |
| 12/31/2024 | 02/07/2025 | 10-Q |
| 09/30/2024 | 11/08/2024 | 10-Q |
| 06/30/2024 | 08/21/2024 | 10-K |
| 03/31/2024 | 05/09/2024 | 10-Q |
| 12/31/2023 | 02/08/2024 | 10-Q |
| 09/30/2023 | 11/03/2023 | 10-Q |
| 06/30/2023 | 08/21/2023 | 10-K |
| 03/31/2023 | 05/05/2023 | 10-Q |
| 12/31/2022 | 02/09/2023 | 10-Q |
| 09/30/2022 | 11/04/2022 | 10-Q |
| 06/30/2022 | 08/22/2022 | 10-K |
| 03/31/2022 | 05/06/2022 | 10-Q |
| 12/31/2021 | 02/09/2022 | 10-Q |
| 09/30/2021 | 11/04/2021 | 10-Q |
| 06/30/2021 | 08/26/2021 | 10-K |
| 03/31/2021 | 05/07/2021 | 10-Q |
| 12/31/2020 | 02/05/2021 | 10-Q |
| 09/30/2020 | 11/06/2020 | 10-Q |
| 06/30/2020 | 08/28/2020 | 10-K |
| 03/31/2020 | 05/08/2020 | 10-Q |
| 12/31/2019 | 02/07/2020 | 10-Q |
| 09/30/2019 | 11/08/2019 | 10-Q |
| 06/30/2019 | 08/29/2019 | 10-K |
Recent Forward Guidance
Updated 8/7/2026Latest: Q4 2026 Earnings Reported 8/6/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2027 Revenue | 370.00 Mil | 375.00 Mil | 380.00 Mil | 4.2% | Higher New | Guidance: 360.00 Mil for Q4 2026 | |
| Q1 2027 Adjusted EBITDA | 38.00 Mil | 39.00 Mil | 40.00 Mil | -2.5% | Lower New | Guidance: 40.00 Mil for Q4 2026 | |
| 2027 Revenue | 1.45 Bil | 1.50 Bil | 1.55 Bil | ||||
| 2027 Adjusted EBITDA | 150.00 Mil | 155.00 Mil | 160.00 Mil | ||||
Prior: Q3 2026 Earnings Reported 5/7/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q4 2026 Revenue | 350.00 Mil | 360.00 Mil | 370.00 Mil | 7.5% | Higher New | Guidance: 335.00 Mil for Q3 2026 | |
| Q4 2026 Adjusted EBITDA | 37.00 Mil | 40.00 Mil | 43.00 Mil | 40.4% | Higher New | Guidance: 28.50 Mil for Q3 2026 | |
Q2 2026 Earnings Reported 2/5/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q3 2026 Revenue | 330.00 Mil | 335.00 Mil | 340.00 Mil | ||||
| Q3 2026 Adjusted EBITDA | 26.50 Mil | 28.50 Mil | 30.50 Mil | ||||
| 2026 Revenue | 1.25 Bil | 1.27 Bil | 1.30 Bil | ||||
| 2026 Adjusted EBITDA | 110.00 Mil | 112.50 Mil | 115.00 Mil | ||||
| 2026 Revenue Growth | 10.0% | 0.0% | Affirmed | Guidance: 10.0% for 2026 | |||
| 2026 Adjusted EBITDA Growth | 20.0% | 0.0% | Affirmed | Guidance: 20.0% for 2026 | |||
Insider Activity
Updated 8/13/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Ahmed, Asmau | Direct | Sell | 8132026 | 20.43 | 10,000 | 204,300 | 1,021,071 | Form | |
| 2 | Ahmed, Asmau | Direct | Sell | 8132026 | 20.79 | 5,000 | 103,950 | 1,246,963 | Form | |
| 3 | Wong, Gregory | CFO | Direct | Sell | 8112026 | 20.09 | 26,296 | 528,287 | 10,484,629 | Form |
| 4 | Valenti, Douglas | Chief Executive Officer | by Trust | Sell | 8112026 | 20.50 | 751,631 | 15,408,436 | 20,423,699 | Form |
| 5 | Wong, Gregory | CFO | Direct | Sell | 7022026 | 15.00 | 10,338 | 155,070 | 5,855,160 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Ahmed, Asmau | Direct | Sell | 8132026 | 20.43 | 10,000 | 204,300 | 1,021,071 | Form | |
| 2 | Ahmed, Asmau | Direct | Sell | 8132026 | 20.79 | 5,000 | 103,950 | 1,246,963 | Form | |
| 3 | Wong, Gregory | CFO | Direct | Sell | 8112026 | 20.09 | 26,296 | 528,287 | 10,484,629 | Form |
| 4 | Valenti, Douglas | Chief Executive Officer | by Trust | Sell | 8112026 | 20.50 | 751,631 | 15,408,436 | 20,423,699 | Form |
| 5 | Wong, Gregory | CFO | Direct | Sell | 7022026 | 15.00 | 10,338 | 155,070 | 5,855,160 | Form |
| 6 | Wong, Gregory | CFO | Direct | Sell | 6172026 | 12.19 | 22,057 | 268,875 | 4,884,314 | Form |
Industry Resources
| Communication Services Resources |
| Variety |
| The Hollywood Reporter |
| Adweek |
| Interactive Media & Services Resources |
| Social Media Today |
| Search Engine Land |
| Nieman Journalism Lab |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.