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QUINSTREET INC

For the period ended Dec 31, 2023. Filed Feb 8, 2024.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Dec 31, 2023 · Filed Feb 8, 2024

QNST$20.66+1.7%Stored close · as of Nov 6, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q

☑QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended December 31, 2023

or

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission File No.001-34628

QuinStreet, Inc.

(Exact Name of Registrant as Specified in Its Charter)

Delaware77-0512121
(State or Other Jurisdiction of(I.R.S. Employer
Incorporation or Organization)Identification No.)
950 Tower Lane, 12th Floor
Foster City, California94404
(Address of principal executive offices)(Zip Code)

650-578-7700

Registrant’s telephone number, including area code

Securities registered pursuant to Section 12(b) of the Act:

Title of Each ClassTrading SymbolName of Each Exchange on Which Registered
Common Stock, par value $0.001 per shareQNSTThe Nasdaq Stock Market LLC(Nasdaq Global Select Market)

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☑ No☐

Indicate by check mark whether the registrant has submitted electronically, every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☑ No☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer☑Accelerated filer☐
Non-accelerated filer☐Smaller reporting company☐
Emerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐ No☑

Number of shares of common stock outstanding as of January 31, 2024:54,890,505

INDEX

PART I. FINANCIAL INFORMATION
Item 1. Financial Statements3
Condensed Consolidated Balance Sheets at December 31, 2023 and June 30, 20233
Condensed Consolidated Statements of Operations for the Three and Six Months Ended December 31, 2023 and 20224
Condensed Consolidated Statements of Comprehensive Loss for the Three and Six Months Ended December 31, 2023 and 20225
Condensed Consolidated Statements of Stockholders' Equity for the Three and Six Months Ended December 31, 2023 and 20226
Condensed Consolidated Statements of Cash Flows for the Six Months Ended December 31, 2023 and 20228
Notes to Condensed Consolidated Financial Statements9
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations19
Item 3. Quantitative and Qualitative Disclosures About Market Risk28
Item 4. Controls and Procedures28
PART II. OTHER INFORMATION
Item 1. Legal Proceedings29
Item 1A. Risk Factors29
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds52
Item 3. Defaults Upon Senior Securities52
Item 4. Mine Safety Disclosures52
Item 5. Other Information52
Item 6. Exhibits53
SIGNATURES54
ContentsView on SEC.gov

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