QuinStreet Inc (QNST)
Quick ratio
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 101,078 | 81,815 | 57,835 | 24,982 | 50,488 | 39,602 | 45,520 | 56,305 | 73,677 | 62,962 | 79,104 | 88,382 | 96,439 | 109,463 | 115,035 | 105,928 | 110,318 | 103,202 | 102,647 | 102,244 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 135,804 | 137,241 | 150,360 | 173,904 | 111,849 | 99,639 | 74,727 | 67,684 | 67,748 | 105,606 | 71,412 | 75,487 | 81,429 | 77,777 | 64,175 | 88,421 | 87,928 | 82,331 | 71,277 | 69,131 |
| Total current liabilities | US$ in thousands | 163,044 | 156,674 | 159,691 | 157,888 | 126,398 | 109,114 | 85,035 | 83,257 | 89,820 | 112,793 | 96,174 | 104,377 | 109,579 | 104,270 | 96,656 | 110,456 | 115,611 | 111,712 | 97,785 | 104,598 |
| Quick ratio | 1.45 | 1.40 | 1.30 | 1.26 | 1.28 | 1.28 | 1.41 | 1.49 | 1.57 | 1.49 | 1.57 | 1.57 | 1.62 | 1.80 | 1.85 | 1.76 | 1.71 | 1.66 | 1.78 | 1.64 |
June 30, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($101,078K
+ $—K
+ $135,804K)
÷ $163,044K
= 1.45
The quick ratio of QuinStreet Inc. demonstrates a generally stable liquidity position over the analyzed period from September 2020 to June 2025. Initially, the ratio increased from 1.64 in September 2020, reaching a peak of 1.85 by the end of 2021, indicating a strong liquidity buffer and the company's capacity to meet its short-term obligations with readily available assets.
Throughout 2022, the ratio experienced a slight decline, decreasing from 1.80 in March to 1.57 by the end of December 2022. This downward trend continued into 2023, reaching a low of 1.28 in March 2024, which represents a significant reduction but still remains above 1, implying that the company maintains sufficient liquid assets relative to its current liabilities.
Post-March 2024, the ratio exhibits a modest recovery, rising to 1.40 by March 2025. Overall, the fluctuations indicate periods of tightening liquidity, yet the ratio consistently stays above 1, signifying that QuinStreet Inc. generally retains enough quick assets to cover its short-term liabilities. The gradual decline from the 2021 peak suggests a possible shift toward a more conservative liquidity stance or changes in asset composition, but the ratio’s maintenance above unity indicates ongoing operational liquidity stability.
Peer comparison
Jun 30, 2025