AcquisitionsMay 8, 2026, 12:27 PM
QuinStreet Acquires HomeBuddy; 9M Net Income $62.1M, EPS $1.07
AI Summary
QuinStreet, Inc. completed the acquisition of HomeBuddy on January 2, 2026, expanding its home services vertical. For the nine months ended March 31, 2026, the company reported a significant increase in net income to $62.1 million and diluted EPS to $1.07. Net revenue also grew to $919.8 million for the nine-month period, reflecting strong financial performance alongside strategic expansion.
Key Highlights
- QuinStreet acquired HomeBuddy on January 2, 2026, for $114.8 million cash and $75.0 million in post-closing payments.
- Net income for the nine months ended March 31, 2026, surged to $62.124 million from $1.501 million year-over-year.
- Diluted EPS for the nine months ended March 31, 2026, increased to $1.07 from $0.03 year-over-year.
- Net revenue for the nine months ended March 31, 2026, rose to $919.835 million from $831.657 million year-over-year.
- Net revenue for the three months ended March 31, 2026, increased to $346.137 million from $269.842 million in Q3 2025.
- Net cash provided by operating activities for the nine months was $78.156 million, up from $55.083 million year-over-year.
- Financial Services revenue for the nine months was $656.094 million, and Home Services and Other revenue was $263.741 million.