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Side-by-side financial comparison of Figure Technology Solutions, Inc. (FIGR) 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 $156.4M, roughly 1.8× Figure Technology Solutions, Inc.). Figure Technology Solutions, Inc. runs the higher net margin — 57.3% vs 17.4%, a 39.8% gap on every dollar of revenue.

Figure Technology Solutions, Inc. is a financial technology company in Reno, Nevada, United States. Established in 2018, it develops and operates blockchain-based platforms used in lending, capital markets, and asset management.

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.

FIGR vs QNST — Head-to-Head

Bigger by revenue
QNST
QNST
1.8× larger
QNST
$287.8M
$156.4M
FIGR
Higher net margin
FIGR
FIGR
39.8% more per $
FIGR
57.3%
17.4%
QNST

Income Statement — Q3 FY2025 vs Q2 FY2026

Metric
FIGR
FIGR
QNST
QNST
Revenue
$156.4M
$287.8M
Net Profit
$89.6M
$50.2M
Gross Margin
9.6%
Operating Margin
33.7%
0.4%
Net Margin
57.3%
17.4%
Revenue YoY
1.9%
Net Profit YoY
3342.5%
EPS (diluted)
$0.34
$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.

Revenue
FIGR
FIGR
QNST
QNST
Q4 25
$287.8M
Q3 25
$156.4M
$285.9M
Q1 25
$269.8M
Q4 24
$282.6M
Q3 24
$279.2M
Q2 24
$198.3M
Q1 24
$168.6M
Q4 23
$122.7M
Net Profit
FIGR
FIGR
QNST
QNST
Q4 25
$50.2M
Q3 25
$89.6M
$4.5M
Q1 25
$4.4M
Q4 24
$-1.5M
Q3 24
$-1.4M
Q2 24
$-2.2M
Q1 24
$-7.0M
Q4 23
$-11.6M
Gross Margin
FIGR
FIGR
QNST
QNST
Q4 25
9.6%
Q3 25
9.4%
Q1 25
10.3%
Q4 24
9.5%
Q3 24
10.2%
Q2 24
8.8%
Q1 24
8.5%
Q4 23
5.6%
Operating Margin
FIGR
FIGR
QNST
QNST
Q4 25
0.4%
Q3 25
33.7%
1.7%
Q1 25
1.8%
Q4 24
-0.5%
Q3 24
-0.4%
Q2 24
-0.7%
Q1 24
-3.2%
Q4 23
-9.3%
Net Margin
FIGR
FIGR
QNST
QNST
Q4 25
17.4%
Q3 25
57.3%
1.6%
Q1 25
1.6%
Q4 24
-0.5%
Q3 24
-0.5%
Q2 24
-1.1%
Q1 24
-4.2%
Q4 23
-9.4%
EPS (diluted)
FIGR
FIGR
QNST
QNST
Q4 25
$0.87
Q3 25
$0.34
$0.08
Q1 25
$0.08
Q4 24
$-0.03
Q3 24
$-0.02
Q2 24
$-0.04
Q1 24
$-0.13
Q4 23
$-0.21

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FIGR
FIGR
QNST
QNST
Cash + ST InvestmentsLiquidity on hand
$1.1B
$107.0M
Total DebtLower is stronger
$466.8M
Stockholders' EquityBook value
$1.2B
$294.4M
Total Assets
$2.2B
$493.0M
Debt / EquityLower = less leverage
0.40×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FIGR
FIGR
QNST
QNST
Q4 25
$107.0M
Q3 25
$1.1B
$101.3M
Q1 25
$81.8M
Q4 24
$57.8M
Q3 24
$25.0M
Q2 24
$50.5M
Q1 24
$39.6M
Q4 23
$45.5M
Total Debt
FIGR
FIGR
QNST
QNST
Q4 25
Q3 25
$466.8M
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Q4 23
Stockholders' Equity
FIGR
FIGR
QNST
QNST
Q4 25
$294.4M
Q3 25
$1.2B
$246.7M
Q1 25
$235.5M
Q4 24
$224.3M
Q3 24
$219.8M
Q2 24
$216.8M
Q1 24
$215.0M
Q4 23
$215.3M
Total Assets
FIGR
FIGR
QNST
QNST
Q4 25
$493.0M
Q3 25
$2.2B
$442.6M
Q1 25
$417.2M
Q4 24
$409.6M
Q3 24
$401.2M
Q2 24
$368.5M
Q1 24
$349.3M
Q4 23
$320.9M
Debt / Equity
FIGR
FIGR
QNST
QNST
Q4 25
Q3 25
0.40×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Q4 23

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FIGR
FIGR
QNST
QNST
Operating Cash FlowLast quarter
$49.3M
$21.6M
Free Cash FlowOCF − Capex
$20.7M
FCF MarginFCF / Revenue
7.2%
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
0.55×
0.43×
TTM Free Cash FlowTrailing 4 quarters
$106.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FIGR
FIGR
QNST
QNST
Q4 25
$21.6M
Q3 25
$49.3M
$19.6M
Q1 25
$30.1M
Q4 24
$38.7M
Q3 24
$-13.7M
Q2 24
$16.6M
Q1 24
$4.1M
Q4 23
$-3.7M
Free Cash Flow
FIGR
FIGR
QNST
QNST
Q4 25
$20.7M
Q3 25
$18.4M
Q1 25
$29.5M
Q4 24
$38.2M
Q3 24
$-14.1M
Q2 24
$15.4M
Q1 24
$2.9M
Q4 23
$-5.0M
FCF Margin
FIGR
FIGR
QNST
QNST
Q4 25
7.2%
Q3 25
6.4%
Q1 25
10.9%
Q4 24
13.5%
Q3 24
-5.1%
Q2 24
7.8%
Q1 24
1.7%
Q4 23
-4.1%
Capex Intensity
FIGR
FIGR
QNST
QNST
Q4 25
0.3%
Q3 25
0.4%
Q1 25
0.2%
Q4 24
0.2%
Q3 24
0.2%
Q2 24
0.6%
Q1 24
0.7%
Q4 23
1.1%
Cash Conversion
FIGR
FIGR
QNST
QNST
Q4 25
0.43×
Q3 25
0.55×
4.32×
Q1 25
6.82×
Q4 24
Q3 24
Q2 24
Q1 24
Q4 23

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

FIGR
FIGR

Segment breakdown not available.

QNST
QNST

Financial Service$216.8M75%
Home Services And Other Revenue$71.0M25%

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