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Side-by-side financial comparison of BLACKLINE, INC. (BL) 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 $183.2M, roughly 1.6× BLACKLINE, INC.). QUINSTREET, INC runs the higher net margin — 17.4% vs 2.7%, a 14.8% gap on every dollar of revenue. On growth, BLACKLINE, INC. posted the faster year-over-year revenue change (8.1% vs 1.9%). BLACKLINE, INC. produced more free cash flow last quarter ($26.1M vs $20.7M). Over the past eight quarters, QUINSTREET, INC's revenue compounded faster (53.2% CAGR vs 7.9%).
BlackLine Systems, Inc., is an American enterprise software company that develops cloud-based services designed to automate and manage the entire financial close process as well as consolidation, invoice-to-cash, and intercompany accounting. The Los Angeles–based company has 17 offices worldwide.
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.
BL vs QNST — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $183.2M | $287.8M |
| Net Profit | $4.9M | $50.2M |
| Gross Margin | 75.2% | 9.6% |
| Operating Margin | 3.7% | 0.4% |
| Net Margin | 2.7% | 17.4% |
| Revenue YoY | 8.1% | 1.9% |
| Net Profit YoY | -91.3% | 3342.5% |
| EPS (diluted) | $0.07 | $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 | $183.2M | $287.8M | ||
| Q3 25 | $178.3M | $285.9M | ||
| Q2 25 | $172.0M | — | ||
| Q1 25 | $166.9M | $269.8M | ||
| Q4 24 | $169.5M | $282.6M | ||
| Q3 24 | $165.9M | $279.2M | ||
| Q2 24 | $160.5M | $198.3M | ||
| Q1 24 | $157.5M | $168.6M |
| Q4 25 | $4.9M | $50.2M | ||
| Q3 25 | $5.3M | $4.5M | ||
| Q2 25 | $8.3M | — | ||
| Q1 25 | $6.1M | $4.4M | ||
| Q4 24 | $56.4M | $-1.5M | ||
| Q3 24 | $17.2M | $-1.4M | ||
| Q2 24 | $76.7M | $-2.2M | ||
| Q1 24 | $10.8M | $-7.0M |
| Q4 25 | 75.2% | 9.6% | ||
| Q3 25 | 75.1% | 9.4% | ||
| Q2 25 | 75.2% | — | ||
| Q1 25 | 75.5% | 10.3% | ||
| Q4 24 | 75.6% | 9.5% | ||
| Q3 24 | 75.2% | 10.2% | ||
| Q2 24 | 74.9% | 8.8% | ||
| Q1 24 | 75.2% | 8.5% |
| Q4 25 | 3.7% | 0.4% | ||
| Q3 25 | 4.3% | 1.7% | ||
| Q2 25 | 4.4% | — | ||
| Q1 25 | 2.1% | 1.8% | ||
| Q4 24 | 3.7% | -0.5% | ||
| Q3 24 | 5.0% | -0.4% | ||
| Q2 24 | 1.4% | -0.7% | ||
| Q1 24 | 1.1% | -3.2% |
| Q4 25 | 2.7% | 17.4% | ||
| Q3 25 | 3.0% | 1.6% | ||
| Q2 25 | 4.8% | — | ||
| Q1 25 | 3.6% | 1.6% | ||
| Q4 24 | 33.3% | -0.5% | ||
| Q3 24 | 10.4% | -0.5% | ||
| Q2 24 | 47.8% | -1.1% | ||
| Q1 24 | 6.9% | -4.2% |
| Q4 25 | $0.07 | $0.87 | ||
| Q3 25 | $0.09 | $0.08 | ||
| Q2 25 | $0.13 | — | ||
| Q1 25 | $0.10 | $0.08 | ||
| Q4 24 | $0.79 | $-0.03 | ||
| Q3 24 | $0.27 | $-0.02 | ||
| Q2 24 | $0.22 | $-0.04 | ||
| Q1 24 | $0.17 | $-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 | $390.0M | $107.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $332.3M | $294.4M |
| Total Assets | $1.8B | $493.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $390.0M | $107.0M | ||
| Q3 25 | $419.9M | $101.3M | ||
| Q2 25 | $459.1M | — | ||
| Q1 25 | $479.5M | $81.8M | ||
| Q4 24 | $885.9M | $57.8M | ||
| Q3 24 | $725.3M | $25.0M | ||
| Q2 24 | $616.6M | $50.5M | ||
| Q1 24 | $331.4M | $39.6M |
| Q4 25 | $332.3M | $294.4M | ||
| Q3 25 | $328.3M | $246.7M | ||
| Q2 25 | $414.0M | — | ||
| Q1 25 | $417.9M | $235.5M | ||
| Q4 24 | $446.7M | $224.3M | ||
| Q3 24 | $367.9M | $219.8M | ||
| Q2 24 | $325.8M | $216.8M | ||
| Q1 24 | $279.8M | $215.0M |
| Q4 25 | $1.8B | $493.0M | ||
| Q3 25 | $1.7B | $442.6M | ||
| Q2 25 | $1.8B | — | ||
| Q1 25 | $1.8B | $417.2M | ||
| Q4 24 | $1.8B | $409.6M | ||
| Q3 24 | $1.7B | $401.2M | ||
| Q2 24 | $1.9B | $368.5M | ||
| Q1 24 | $2.1B | $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 | $26.7M | $21.6M |
| Free Cash FlowOCF − Capex | $26.1M | $20.7M |
| FCF MarginFCF / Revenue | 14.2% | 7.2% |
| Capex IntensityCapex / Revenue | 0.3% | 0.3% |
| Cash ConversionOCF / Net Profit | 5.46× | 0.43× |
| TTM Free Cash FlowTrailing 4 quarters | $161.5M | $106.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.7M | $21.6M | ||
| Q3 25 | $63.8M | $19.6M | ||
| Q2 25 | $32.3M | — | ||
| Q1 25 | $46.7M | $30.1M | ||
| Q4 24 | $43.8M | $38.7M | ||
| Q3 24 | $55.9M | $-13.7M | ||
| Q2 24 | $40.7M | $16.6M | ||
| Q1 24 | $50.4M | $4.1M |
| Q4 25 | $26.1M | $20.7M | ||
| Q3 25 | $63.3M | $18.4M | ||
| Q2 25 | $31.4M | — | ||
| Q1 25 | $40.8M | $29.5M | ||
| Q4 24 | $43.0M | $38.2M | ||
| Q3 24 | $55.5M | $-14.1M | ||
| Q2 24 | $40.0M | $15.4M | ||
| Q1 24 | $50.1M | $2.9M |
| Q4 25 | 14.2% | 7.2% | ||
| Q3 25 | 35.5% | 6.4% | ||
| Q2 25 | 18.2% | — | ||
| Q1 25 | 24.4% | 10.9% | ||
| Q4 24 | 25.4% | 13.5% | ||
| Q3 24 | 33.5% | -5.1% | ||
| Q2 24 | 24.9% | 7.8% | ||
| Q1 24 | 31.8% | 1.7% |
| Q4 25 | 0.3% | 0.3% | ||
| Q3 25 | 0.3% | 0.4% | ||
| Q2 25 | 0.6% | — | ||
| Q1 25 | 3.6% | 0.2% | ||
| Q4 24 | 0.4% | 0.2% | ||
| Q3 24 | 0.2% | 0.2% | ||
| Q2 24 | 0.4% | 0.6% | ||
| Q1 24 | 0.2% | 0.7% |
| Q4 25 | 5.46× | 0.43× | ||
| Q3 25 | 12.07× | 4.32× | ||
| Q2 25 | 3.90× | — | ||
| Q1 25 | 7.72× | 6.82× | ||
| Q4 24 | 0.78× | — | ||
| Q3 24 | 3.24× | — | ||
| Q2 24 | 0.53× | — | ||
| Q1 24 | 4.66× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BL
| Subscription And Circulation | $173.2M | 95% |
| Technology Service | $10.0M | 5% |
QNST
| Financial Service | $216.8M | 75% |
| Home Services And Other Revenue | $71.0M | 25% |
