QuinStreet Inc (QNST)

Pretax margin

		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	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	-30,440	-34,052	-27,983	-26,063	-21,387	-18,548	-16,139	-14,585	-5,777	1,267	6,374	13,668	29,294	26,570	35,001	36,697	18,686	20,269	4,950	6,728
Revenue (ttm)	US$ in thousands	613,514	545,505	549,589	560,954	580,624	596,814	574,801	566,084	582,099	586,795	589,189	598,826	578,487	544,250	519,861	502,994	490,339	495,342	482,904	468,899
Pretax margin		-4.96%	-6.24%	-5.09%	-4.65%	-3.68%	-3.11%	-2.81%	-2.58%	-0.99%	0.22%	1.08%	2.28%	5.06%	4.88%	6.73%	7.30%	3.81%	4.09%	1.03%	1.43%

June 30, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-30,440K ÷ $613,514K
= -4.96%

The pretax margin of QuinStreet Inc has shown fluctuations over the periods provided in the table. The pretax margin for the most recent period, as of June 30, 2024, was -4.96%, indicating that the company's earnings before taxes were negative relative to its revenue during that period. This marks a decrease from the previous quarter's pretax margin of -6.24%.

Looking at the trend over the past few periods, the pretax margin has shown a general decline from positive figures in the past to negative figures in the more recent quarters. However, there was a slight improvement in pretax margin between March 31, 2022, and June 30, 2022, where it shifted from a slight positive of 0.22% to 1.08%.

Overall, QuinStreet Inc's current pretax margin reflects a situation where the company's operating expenses and other costs are outpacing its operating profits, leading to a negative pretax margin. It is important for the company to address this trend and work towards improving its operational efficiency and profitability.