v3.25.3

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2025	Jun. 30, 2025
Current assets:
Cash and cash equivalents	$ 101,298	$ 101,078
Accounts receivable, net of allowances and reserves of $2,075 and $1,902 as of September 30, 2025 and June 30, 2025	149,981	135,804
Prepaid expenses and other assets	8,368	8,644
Total current assets	259,647	245,526
Property and equipment, net	16,968	16,818
Operating lease right-of-use assets	9,329	9,620
Goodwill	125,056	125,056
Intangible assets, net	26,182	28,475
Other assets, noncurrent	5,462	5,612
Total assets	442,644	431,107
Current liabilities:
Accounts payable	74,553	62,247
Accrued liabilities	89,498	87,225
Other liabilities	8,114	13,572
Total current liabilities	172,165	163,044
Operating lease liabilities, noncurrent	6,995	7,382
Other liabilities, noncurrent	16,785	16,637
Total liabilities	195,945	187,063
Commitments and contingencies (See Note 9)
Stockholders' equity:
Common stock: $0.001 par value; 100,000,000 shares authorized; 57,367,521 and 57,159,734 shares issued and outstanding as of September 30, 2025 and June 30, 2025	58	58
Additional paid-in capital	368,078	369,958
Accumulated other comprehensive loss	(268)	(268)
Accumulated deficit	(121,169)	(125,704)
Total stockholders' equity	246,699	244,044
Total liabilities and stockholders' equity	$ 442,644	$ 431,107

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

QUINSTREET, INC 10-Q