Quinstreet, Inc.

EBITDA grew 299% to $81.3 million, from $20.4 million in FY24 • Margins expected to continue to expand in FY26 • Strong cash flows and balance sheet, cash over $100 million, no bank debt FOSTER CITY, CA – August 7, 2025 – QuinStreet, Inc.

SEC original ↗Quinstreet, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025

For full fiscal year 2025, the Company generated $85.0 million in operating cash flow and closed the year with $101.1 million in cash and cash equivalents and no bank debt.

SEC original ↗Quinstreet, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025

The term “free cash flow” refers to a financial measure that we define as net cash provided by operating activities, less capital expenditures and internal software development costs.

SEC original ↗Quinstreet, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025

In addition, we believe adjusted EBITDA and similar measures are widely used by investors, securities analysts, ratings agencies and other interested parties in our industry as a measure of financial performance, debt-service capabilities and as a metric for analyzing company valuations.

SEC original ↗Quinstreet, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025

and HomeBuddy to reflect certain business combination and one-time accounting effects such as fair value adjustment of amortization expense from acquired intangible assets, interest expense on the amounts drawn under the Revolving Credit Facility to finance the acquisition, accretion of post-closing acquisition payments, and acquisition costs.

SEC original ↗Quinstreet, Inc. — 10-Q Quarterly report10-QMay 8, 2026

Debt On January 2, 2026, the Company entered into the senior secured credit agreement ("Financing Agreement") with MUFG Bank, LTD.

SEC original ↗Quinstreet, Inc. — 10-Q Quarterly report10-QMay 8, 2026

“We delivered strong revenue growth and margin expansion again in FYQ4, capping a fiscal year 2025 of excellent financial and operating progress,” commented Doug Valenti, CEO of QuinStreet.

SEC original ↗Quinstreet, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025

The results include ongoing investments and early contributions from important market and product initiatives that we expect to fuel further growth at scale and margin expansion into the future.

SEC original ↗Quinstreet, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025

These forward-looking statements include the statements in quotations from management in this press release, as well as any statements regarding the Company's anticipated financial results, growth and strategic and operational plans and results of analyses on impairment charges.

SEC original ↗Quinstreet, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025

Borrowings under the Revolving Credit Facility are secured by first-priority liens on substantially all assets of QuinStreet, Inc.

SEC original ↗Quinstreet, Inc. — 10-Q Quarterly report10-QMay 8, 2026

” “Renewed demand from Auto Insurance clients was a key component of fiscal 2025 success, even as carrier spending growth moderated in the second half of the fiscal year due, at least in part, to tariff uncertainties.

SEC original ↗Quinstreet, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025

Client spend is still generally guarded versus potential due to remaining tariff uncertainties.

SEC original ↗Quinstreet, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025

The term adjusted EBITDA refers to a financial measure that we define as net income (loss) less provision for income taxes, depreciation expense, amortization expense, stock-based compensation expense, interest and other expense, net, acquisition costs, contingent consideration adjustment, litigation settlement expense, tax settlement expense, and restructuring costs.

SEC original ↗Quinstreet, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025

The term adjusted net income refers to a financial measure that we define as net income (loss) adjusted for amortization expense, stock-based compensation expense, acquisition costs, contingent consideration adjustment, litigation settlement expense, tax settlement expense, restructuring costs, and impairment of investment, net of estimated taxes.

SEC original ↗Quinstreet, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025

Legal Notice Regarding Forward Looking Statements This press release and its attachments contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 that involve risks and uncertainties.

SEC original ↗Quinstreet, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025

Legal Proceedings 34 Item 1A.

SEC original ↗Quinstreet, Inc. — 10-Q Quarterly report10-QMay 8, 2026