QuinStreet Inc (QNST)
Return on equity (ROE)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 4,707 | -663 | -12,127 | -22,132 | -31,331 | -85,058 | -78,489 | -74,914 | -68,866 | -17,917 | -15,208 | -12,857 | -5,247 | 3,468 | 6,275 | 12,369 | 23,957 | 21,686 | 30,568 | 31,651 |
| Total stockholders’ equity | US$ in thousands | 244,044 | 235,475 | 224,252 | 219,818 | 216,825 | 214,964 | 215,253 | 222,336 | 229,801 | 284,527 | 279,796 | 283,256 | 286,000 | 301,463 | 298,645 | 299,695 | 295,550 | 288,567 | 279,406 | 273,288 |
| ROE | 1.93% | -0.28% | -5.41% | -10.07% | -14.45% | -39.57% | -36.46% | -33.69% | -29.97% | -6.30% | -5.44% | -4.54% | -1.83% | 1.15% | 2.10% | 4.13% | 8.11% | 7.52% | 10.94% | 11.58% |
June 30, 2025 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $4,707K ÷ $244,044K
= 1.93%
The analysis of QuinStreet Inc.'s return on equity (ROE) over the specified period reveals a significant downward trend, indicating increasing challenges in generating profit relative to shareholders' equity. Initially, as of September 30, 2020, the company posted a relatively healthy ROE of 11.58%. However, this figure experienced a gradual decline through subsequent periods, reflecting deteriorating profitability or rising equity base without proportional gains in net income.
By December 31, 2020, the ROE edged lower to 10.94%. A sharper decline became evident in 2021, with ROE dropping to 7.52% in March and approximately stabilizing around 8.11% in June before plunging further to 4.13% in September 2021. The downward trajectory continued into the end of 2021 and early 2022, with ROE diminishing to 2.10% by December 31, 2021, and declining further to 1.15% in March 2022.
The company's ROE turned negative for the first time in June 2022 at -1.83%, which worsened through the subsequent quarters, reaching -4.54% in September 2022 and -5.44% in December 2022. The negative trend persisted into 2023, with the ratio at -6.30% by March, and then rapidly declining to -29.97% in June 2023 and -33.69% in September 2023. During this period, the company’s profitability significantly eroded, reflecting potential operational difficulties, increased costs, or declining revenues.
The decline continued into the first half of 2024, with the ROE at -36.46% in December 2023 and further to -39.57% in March 2024. Notably, early in the subsequent period, the ROE improved somewhat to -14.45% in June 2024 and then to -10.07% in September 2024. This partial recovery indicates some stabilization or improvement in profitability metrics or equity management.
By the end of the period under review, forecasted figures suggest that ROE is approaching zero, with March 2025 projected around -0.28%, and then turning positive at 1.93% in June 2025. This anticipated positive turn might reflect operational improvements, strategic changes, or accounting adjustments aiming toward profitability.
Overall, the trajectory of QuinStreet Inc.’s ROE indicates a severe decline over the analyzed period, transitioning from moderate positive returns to substantial negative territory. The recent projections suggest a possible turning point toward profitability, but the company continues to face considerable challenges in generating returns for shareholders as of the latest data.
Peer comparison
Jun 30, 2025