{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-040586","form_type":"8-K","ticker":"QNST","cik":"0001117297","company_name":"QUINSTREET, INC","filed_at":"2023-08-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.179891+00:00","generated_at":"2026-06-11T21:23:04.603350+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"QuinStreet Q4 revenue $130.3M, down 11% YoY; GAAP net loss $55.9M","bullets":["GAAP net loss $55.9M ($1.03/diluted share); adjusted net loss $0.5M ($0.01/share).","Adjusted EBITDA $1.8M; operating cash flow $18M; cash $73.7M; no bank debt.","Non-insurance client verticals revenue up 26% in FY23 to $367M; expects continued double-digit growth.","FY2024 Q1 revenue guidance $120-125M; adjusted EBITDA approximately break-even.","CEO expects auto insurance spending inflection beginning January 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-040586","json":"https://secwatch.observer/filing/0000950170-23-040586.json","markdown":"https://secwatch.observer/filing/0000950170-23-040586.md","text":"https://secwatch.observer/filing/0000950170-23-040586.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1117297/000095017023040586/0000950170-23-040586-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1117297/000095017023040586/qnst-20230809.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T21:23:04.603350+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"56fcb39d0eeb18ba5f9b2ce2d9fc315463d78c6b","claim":"QUINSTREET, INC reported the fiscal fourth quarter ended June 30, 2023 results: revenue $130.3 million, net income $(55.9) million, or ($1.03) per diluted share, EPS ($1.03) per diluted share.","evidence_excerpt":"For the fiscal fourth quarter, the Company reported revenue of $130.3 million, down 11% year-over-year. GAAP net loss for the fiscal fourth quarter was $(55.9) million, or ($1.03) per diluted share. Adjusted net loss for the fiscal fourth quarter was $(0.5) million, or $(0.01) per diluted share. Adjusted EBITDA for the fiscal fourth quarter was $1.8 million.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1117297/000095017023040586/0000950170-23-040586-index.htm","confidence":0.99,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal fourth quarter ended June 30, 2023"},{"label":"Revenue","value":"$130.3 million"},{"label":"Net income","value":"$(55.9) million, or ($1.03) per diluted share"},{"label":"EPS","value":"($1.03) per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"ac36fe51f0172d4085ea858f33c35f5f92431e16","claim":"QUINSTREET, INC reported full fiscal year 2023 results: revenue $580.6 million, net income $(68.9) million, or ($1.28) per share, EPS ($1.28) per share.","evidence_excerpt":"For full fiscal year 2023, the Company reported revenue of $580.6 million, approximately flat year-over-year. GAAP net loss for fiscal year 2023 was $(68.9) million, or ($1.28) per share. Adjusted net income for fiscal year 2023 was $7.3 million or $0.13 per diluted share. Adjusted EBITDA for fiscal year 2023 was $16.7 million.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1117297/000095017023040586/0000950170-23-040586-index.htm","confidence":0.99,"family_label":"Earnings Releases","details":[{"label":"Period","value":"full fiscal year 2023"},{"label":"Revenue","value":"$580.6 million"},{"label":"Net income","value":"$(68.9) million, or ($1.28) per share"},{"label":"EPS","value":"($1.28) per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}