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Side-by-side financial comparison of APPIAN CORP (APPN) 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 $202.9M, roughly 1.4× APPIAN CORP). QUINSTREET, INC runs the higher net margin — 17.4% vs -2.5%, a 20.0% gap on every dollar of revenue. On growth, APPIAN CORP posted the faster year-over-year revenue change (21.7% vs 1.9%). QUINSTREET, INC produced more free cash flow last quarter ($20.7M vs $270.0K). Over the past eight quarters, QUINSTREET, INC's revenue compounded faster (53.2% CAGR vs 16.4%).
Appian Corporation is an American cloud computing and enterprise software company headquartered in McLean, Virginia, part of the Dulles Technology Corridor. The company sells a platform as a service (PaaS) for building enterprise software applications. It is focused on low-code development, process mining, business process management, and case management markets in North America, Europe, the Middle East and Southeast Asia.
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.
APPN vs QNST — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $202.9M | $287.8M |
| Net Profit | $-5.1M | $50.2M |
| Gross Margin | 64.8% | 9.6% |
| Operating Margin | -0.3% | 0.4% |
| Net Margin | -2.5% | 17.4% |
| Revenue YoY | 21.7% | 1.9% |
| Net Profit YoY | 62.6% | 3342.5% |
| EPS (diluted) | $-0.06 | $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.
| Q4 25 | $202.9M | $287.8M | ||
| Q3 25 | $187.0M | $285.9M | ||
| Q2 25 | $170.6M | — | ||
| Q1 25 | $166.4M | $269.8M | ||
| Q4 24 | $166.7M | $282.6M | ||
| Q3 24 | $154.1M | $279.2M | ||
| Q2 24 | $146.4M | $198.3M | ||
| Q1 24 | $149.8M | $168.6M |
| Q4 25 | $-5.1M | $50.2M | ||
| Q3 25 | $7.8M | $4.5M | ||
| Q2 25 | $-312.0K | — | ||
| Q1 25 | $-1.2M | $4.4M | ||
| Q4 24 | $-13.6M | $-1.5M | ||
| Q3 24 | $-2.1M | $-1.4M | ||
| Q2 24 | $-43.6M | $-2.2M | ||
| Q1 24 | $-32.9M | $-7.0M |
| Q4 25 | 64.8% | 9.6% | ||
| Q3 25 | 75.8% | 9.4% | ||
| Q2 25 | 74.3% | — | ||
| Q1 25 | 76.6% | 10.3% | ||
| Q4 24 | 67.8% | 9.5% | ||
| Q3 24 | 75.9% | 10.2% | ||
| Q2 24 | 73.1% | 8.8% | ||
| Q1 24 | 74.6% | 8.5% |
| Q4 25 | -0.3% | 0.4% | ||
| Q3 25 | 7.0% | 1.7% | ||
| Q2 25 | -6.4% | — | ||
| Q1 25 | -0.5% | 1.8% | ||
| Q4 24 | 3.0% | -0.5% | ||
| Q3 24 | -4.6% | -0.4% | ||
| Q2 24 | -26.8% | -0.7% | ||
| Q1 24 | -13.0% | -3.2% |
| Q4 25 | -2.5% | 17.4% | ||
| Q3 25 | 4.2% | 1.6% | ||
| Q2 25 | -0.2% | — | ||
| Q1 25 | -0.7% | 1.6% | ||
| Q4 24 | -8.2% | -0.5% | ||
| Q3 24 | -1.4% | -0.5% | ||
| Q2 24 | -29.8% | -1.1% | ||
| Q1 24 | -22.0% | -4.2% |
| Q4 25 | $-0.06 | $0.87 | ||
| Q3 25 | $0.10 | $0.08 | ||
| Q2 25 | $0.00 | — | ||
| Q1 25 | $-0.02 | $0.08 | ||
| Q4 24 | $-0.18 | $-0.03 | ||
| Q3 24 | $-0.03 | $-0.02 | ||
| Q2 24 | $-0.60 | $-0.04 | ||
| Q1 24 | $-0.45 | $-0.13 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $187.2M | $107.0M |
| Total DebtLower is stronger | $240.8M | — |
| Stockholders' EquityBook value | $-47.0M | $294.4M |
| Total Assets | $691.4M | $493.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $187.2M | $107.0M | ||
| Q3 25 | $191.6M | $101.3M | ||
| Q2 25 | $184.8M | — | ||
| Q1 25 | $199.7M | $81.8M | ||
| Q4 24 | $159.9M | $57.8M | ||
| Q3 24 | $99.2M | $25.0M | ||
| Q2 24 | $120.8M | $50.5M | ||
| Q1 24 | $170.1M | $39.6M |
| Q4 25 | $240.8M | — | ||
| Q3 25 | $245.7M | — | ||
| Q2 25 | $245.6M | — | ||
| Q1 25 | $248.0M | — | ||
| Q4 24 | $250.4M | — | ||
| Q3 24 | $252.8M | — | ||
| Q2 24 | $254.0M | — | ||
| Q1 24 | $255.1M | — |
| Q4 25 | $-47.0M | $294.4M | ||
| Q3 25 | $-48.5M | $246.7M | ||
| Q2 25 | $-53.7M | — | ||
| Q1 25 | $-31.7M | $235.5M | ||
| Q4 24 | $-32.6M | $224.3M | ||
| Q3 24 | $-49.8M | $219.8M | ||
| Q2 24 | $-45.7M | $216.8M | ||
| Q1 24 | $-9.7M | $215.0M |
| Q4 25 | $691.4M | $493.0M | ||
| Q3 25 | $611.7M | $442.6M | ||
| Q2 25 | $590.7M | — | ||
| Q1 25 | $592.9M | $417.2M | ||
| Q4 24 | $621.0M | $409.6M | ||
| Q3 24 | $549.9M | $401.2M | ||
| Q2 24 | $554.6M | $368.5M | ||
| Q1 24 | $595.4M | $349.3M |
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 | $1.1M | $21.6M |
| Free Cash FlowOCF − Capex | $270.0K | $20.7M |
| FCF MarginFCF / Revenue | 0.1% | 7.2% |
| Capex IntensityCapex / Revenue | 0.4% | 0.3% |
| Cash ConversionOCF / Net Profit | — | 0.43× |
| TTM Free Cash FlowTrailing 4 quarters | $59.6M | $106.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1M | $21.6M | ||
| Q3 25 | $18.7M | $19.6M | ||
| Q2 25 | $-1.9M | — | ||
| Q1 25 | $45.0M | $30.1M | ||
| Q4 24 | $13.9M | $38.7M | ||
| Q3 24 | $-8.2M | $-13.7M | ||
| Q2 24 | $-17.6M | $16.6M | ||
| Q1 24 | $18.9M | $4.1M |
| Q4 25 | $270.0K | $20.7M | ||
| Q3 25 | $18.1M | $18.4M | ||
| Q2 25 | $-3.1M | — | ||
| Q1 25 | $44.3M | $29.5M | ||
| Q4 24 | $13.4M | $38.2M | ||
| Q3 24 | $-8.6M | $-14.1M | ||
| Q2 24 | $-18.3M | $15.4M | ||
| Q1 24 | $16.7M | $2.9M |
| Q4 25 | 0.1% | 7.2% | ||
| Q3 25 | 9.7% | 6.4% | ||
| Q2 25 | -1.8% | — | ||
| Q1 25 | 26.6% | 10.9% | ||
| Q4 24 | 8.0% | 13.5% | ||
| Q3 24 | -5.6% | -5.1% | ||
| Q2 24 | -12.5% | 7.8% | ||
| Q1 24 | 11.1% | 1.7% |
| Q4 25 | 0.4% | 0.3% | ||
| Q3 25 | 0.3% | 0.4% | ||
| Q2 25 | 0.7% | — | ||
| Q1 25 | 0.4% | 0.2% | ||
| Q4 24 | 0.3% | 0.2% | ||
| Q3 24 | 0.2% | 0.2% | ||
| Q2 24 | 0.5% | 0.6% | ||
| Q1 24 | 1.5% | 0.7% |
| Q4 25 | — | 0.43× | ||
| Q3 25 | 2.39× | 4.32× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 6.82× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
APPN
| Subscriptions Software And Support | $162.3M | 80% |
| Professional Services | $40.6M | 20% |
QNST
| Financial Service | $216.8M | 75% |
| Home Services And Other Revenue | $71.0M | 25% |
