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Side-by-side financial comparison of APPFOLIO INC (APPF) and QUINSTREET, INC (QNST). Click either name above to swap in a different company.
QUINSTREET, INC is the larger business by last-quarter revenue ($287.8M vs $262.2M, roughly 1.1× APPFOLIO INC). QUINSTREET, INC runs the higher net margin — 17.4% vs 16.2%, a 1.3% gap on every dollar of revenue. On growth, APPFOLIO INC posted the faster year-over-year revenue change (20.4% vs 1.9%). Over the past eight quarters, QUINSTREET, INC's revenue compounded faster (53.2% CAGR vs 15.3%).
AppFolio, Inc. is an American company founded in 2006 that offers software-as-a-service (SaaS) applications and services to the real estate industry.
QUINSTREET, INCQNSTEarnings & Financial Report
QuinStreet, Inc. is a publicly traded online marketing company based in Foster City, California. The company helps generate web traffic for clients by acquiring popular domain names.
APPF vs QNST — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $262.2M | $287.8M |
| Net Profit | $42.4M | $50.2M |
| Gross Margin | — | 9.6% |
| Operating Margin | 19.4% | 0.4% |
| Net Margin | 16.2% | 17.4% |
| Revenue YoY | 20.4% | 1.9% |
| Net Profit YoY | 35.2% | 3342.5% |
| EPS (diluted) | $1.18 | $0.87 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $262.2M | — | ||
| Q4 25 | $248.2M | $287.8M | ||
| Q3 25 | $249.4M | $285.9M | ||
| Q2 25 | $235.6M | — | ||
| Q1 25 | $217.7M | $269.8M | ||
| Q4 24 | $203.7M | $282.6M | ||
| Q3 24 | $205.7M | $279.2M | ||
| Q2 24 | $197.4M | $198.3M |
| Q1 26 | $42.4M | — | ||
| Q4 25 | $39.9M | $50.2M | ||
| Q3 25 | $33.6M | $4.5M | ||
| Q2 25 | $36.0M | — | ||
| Q1 25 | $31.4M | $4.4M | ||
| Q4 24 | $102.7M | $-1.5M | ||
| Q3 24 | $33.0M | $-1.4M | ||
| Q2 24 | $29.7M | $-2.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | 9.6% | ||
| Q3 25 | — | 9.4% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 10.3% | ||
| Q4 24 | — | 9.5% | ||
| Q3 24 | — | 10.2% | ||
| Q2 24 | — | 8.8% |
| Q1 26 | 19.4% | — | ||
| Q4 25 | 17.6% | 0.4% | ||
| Q3 25 | 14.1% | 1.7% | ||
| Q2 25 | 17.2% | — | ||
| Q1 25 | 15.5% | 1.8% | ||
| Q4 24 | 11.3% | -0.5% | ||
| Q3 24 | 20.7% | -0.4% | ||
| Q2 24 | 18.3% | -0.7% |
| Q1 26 | 16.2% | — | ||
| Q4 25 | 16.1% | 17.4% | ||
| Q3 25 | 13.5% | 1.6% | ||
| Q2 25 | 15.3% | — | ||
| Q1 25 | 14.4% | 1.6% | ||
| Q4 24 | 50.4% | -0.5% | ||
| Q3 24 | 16.0% | -0.5% | ||
| Q2 24 | 15.0% | -1.1% |
| Q1 26 | $1.18 | — | ||
| Q4 25 | $1.10 | $0.87 | ||
| Q3 25 | $0.93 | $0.08 | ||
| Q2 25 | $0.99 | — | ||
| Q1 25 | $0.86 | $0.08 | ||
| Q4 24 | $2.79 | $-0.03 | ||
| Q3 24 | $0.90 | $-0.02 | ||
| Q2 24 | $0.81 | $-0.04 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $147.4M | $107.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $470.2M | $294.4M |
| Total Assets | $580.6M | $493.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $147.4M | — | ||
| Q4 25 | $107.0M | $107.0M | ||
| Q3 25 | $76.1M | $101.3M | ||
| Q2 25 | $73.5M | — | ||
| Q1 25 | $56.9M | $81.8M | ||
| Q4 24 | $42.5M | $57.8M | ||
| Q3 24 | $62.4M | $25.0M | ||
| Q2 24 | $59.6M | $50.5M |
| Q1 26 | $470.2M | — | ||
| Q4 25 | $542.6M | $294.4M | ||
| Q3 25 | $498.9M | $246.7M | ||
| Q2 25 | $455.6M | — | ||
| Q1 25 | $462.1M | $235.5M | ||
| Q4 24 | $519.3M | $224.3M | ||
| Q3 24 | $412.8M | $219.8M | ||
| Q2 24 | $371.4M | $216.8M |
| Q1 26 | $580.6M | — | ||
| Q4 25 | $689.0M | $493.0M | ||
| Q3 25 | $640.5M | $442.6M | ||
| Q2 25 | $567.4M | — | ||
| Q1 25 | $564.7M | $417.2M | ||
| Q4 24 | $626.7M | $409.6M | ||
| Q3 24 | $523.3M | $401.2M | ||
| Q2 24 | $479.3M | $368.5M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $34.3M | $21.6M |
| Free Cash FlowOCF − Capex | — | $20.7M |
| FCF MarginFCF / Revenue | — | 7.2% |
| Capex IntensityCapex / Revenue | — | 0.3% |
| Cash ConversionOCF / Net Profit | 0.81× | 0.43× |
| TTM Free Cash FlowTrailing 4 quarters | — | $106.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $34.3M | — | ||
| Q4 25 | $65.0M | $21.6M | ||
| Q3 25 | $86.0M | $19.6M | ||
| Q2 25 | $52.6M | — | ||
| Q1 25 | $38.5M | $30.1M | ||
| Q4 24 | $36.6M | $38.7M | ||
| Q3 24 | $57.8M | $-13.7M | ||
| Q2 24 | $50.9M | $16.6M |
| Q1 26 | — | — | ||
| Q4 25 | $63.7M | $20.7M | ||
| Q3 25 | $84.7M | $18.4M | ||
| Q2 25 | $52.4M | — | ||
| Q1 25 | $38.2M | $29.5M | ||
| Q4 24 | $36.4M | $38.2M | ||
| Q3 24 | $57.4M | $-14.1M | ||
| Q2 24 | $50.8M | $15.4M |
| Q1 26 | — | — | ||
| Q4 25 | 25.7% | 7.2% | ||
| Q3 25 | 34.0% | 6.4% | ||
| Q2 25 | 22.2% | — | ||
| Q1 25 | 17.6% | 10.9% | ||
| Q4 24 | 17.9% | 13.5% | ||
| Q3 24 | 27.9% | -5.1% | ||
| Q2 24 | 25.8% | 7.8% |
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 0.3% | ||
| Q3 25 | 0.5% | 0.4% | ||
| Q2 25 | 0.1% | — | ||
| Q1 25 | 0.1% | 0.2% | ||
| Q4 24 | 0.1% | 0.2% | ||
| Q3 24 | 0.2% | 0.2% | ||
| Q2 24 | 0.0% | 0.6% |
| Q1 26 | 0.81× | — | ||
| Q4 25 | 1.63× | 0.43× | ||
| Q3 25 | 2.56× | 4.32× | ||
| Q2 25 | 1.46× | — | ||
| Q1 25 | 1.23× | 6.82× | ||
| Q4 24 | 0.36× | — | ||
| Q3 24 | 1.75× | — | ||
| Q2 24 | 1.71× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
APPF
| Value Added Services | $201.4M | 77% |
| Subscription Services | $58.2M | 22% |
QNST
| Financial Service | $216.8M | 75% |
| Home Services And Other Revenue | $71.0M | 25% |
