QNST 最新10-K变化
将 QNST 最新的定期申报(10-K/10-Q)与上一份同类型申报逐章节对比:每个章节新增/删除的段落数与原文摘录。全部为确定性文本对比——无相似度评分、无方向判断、非投资建议。
对比:10-K · 2026-08-26 与上一份 10-K · 2025-08-21
| 章节 | 结果 | 新增 | 删除 | 微调 | 未变 |
|---|---|---|---|---|---|
| 业务概况 | 文字有新增/删除 | 0 | 0 | ~5 | 48 |
| 风险因素 | 文字有新增/删除 | +17 | −5 | ~17 | 207 |
| 法律诉讼 | 无段落级文字变化 | 0 | 0 | 0 | 1 |
| 管理层讨论与分析 | 文字有新增/删除 | +24 | −20 | ~28 | 58 |
| 市场风险(第7A项) | 文字有新增/删除 | +2 | 0 | 0 | 2 |
计数单位为段落;"新增/删除"指相对上一份文件新增/删除的文字,不含方向或好坏判断。
代表性摘录
每个章节最多 5 条、每条约 300 字符的原文摘录,直接来自两份 SEC 文件。
风险因素
相对上期新增的文字 · 来源:10-K · 2026-08-26
Changes in regulations, or the regulatory environment, applicable to us or our media sources, third party publishers or clients could also have a material adverse effect on our business. For example, in December 2023, the FCC adopted new rules under the TCPA. The rules, among other things, allow the…
As another example, in February 2024, the FCC adopted new rules governing the ability of call and text message recipients to revoke consent previously given and thereby “opt-out” of receiving future calls and text messages from a sender. These new rules specify when a call or text message recipient’…
opt-out of a text message from that sender, the new rules permit a sender to seek to clarify the scope of the opt-out request through a one-time opt-out confirmation text message. This rule permitting a sender to seek such clarification through a one-time opt-out confirmation text message took effec…
While we seek to minimize our exposure to third-party losses of our cash and cash equivalents, we hold our balances in a number of large financial institutions. Notwithstanding, those institutions are subject to risks, which may include failure or other circumstances
that limit our access to deposits or other banking services. For example, on March 10, 2023, Silicon Valley Bank (“SVB”) was unable to continue their operations and the Federal Deposit Insurance Corporation (“FDIC”) was appointed as receiver for SVB. However, if further failures in financial institu…
相对上期删除的文字 · 来源:10-K · 2025-08-21
Changes in regulations, or the regulatory environment, applicable to us or our media sources, third party publishers or clients could also have a material adverse effect on our business. For example, in December 2023, the FCC adopted new rules under the TCPA. The rules, among other things, amended T…
Notwithstanding the decision from the U.S. Court of Appeals for the Eleventh Circuit, the new rules allow the FCC to “red flag” certain numbers, requiring mobile carriers to block texts from those numbers. The rules also codify that the national Do-Not-Call list protections apply to text messaging, …
As another example, in February 2024, the FCC adopted new rules governing the ability of call and text message recipients to revoke consent previously given and thereby “opt-out” of receiving future calls and text messages from a sender. These new rules specify when a call or text message recipient’…
While we seek to minimize our exposure to third-party losses of our cash and cash equivalents, we hold our balances in a number of large financial institutions. Notwithstanding, those institutions are subject to risks, which may include failure or other circumstances that limit our access to deposit…
We have entered into and exited certain international markets and may enter into international markets in the future, including through acquisitions. We have limited experience in marketing, selling and supporting our services outside of the United States, and we may not be successful in introducing…
管理层讨论与分析
相对上期新增的文字 · 来源:10-K · 2026-08-26
Net revenue increased by $200.0 million, or 18%, in fiscal year 2026 compared to fiscal year 2025. Revenue from our home services client vertical increased by $128.8 million, or 47%, primarily as a result of the acquisition of HomeBuddy, which contributed $88.9 million in net revenue, in addition to…
Product development expenses increased by $3.4 million, or 10%, in fiscal year 2026 compared to fiscal year 2025. This was primarily due to increased stock-based compensation expense due to higher average grant date share prices in the current year and increased personnel cost due to higher headcoun…
Sales and marketing expenses increased by $9.0 million, or 49%, in fiscal year 2026 compared to fiscal year 2025. This was primarily due to increased personnel cost due to higher headcount as a result of the HomeBuddy acquisition and retention bonus, and increased amortization expense due to the acq…
General and administrative expenses decreased by $6.7 million, or 13%, in fiscal year 2026 compared to fiscal year 2025. The decrease was primarily driven by a lower increase in the fair value adjustments to contingent consideration related to the AquaVida acquisition compared to the prior year peri…
Interest income relates to interest earned on our cash and cash equivalents. Interest expense consists primarily of financing costs associated with our revolving credit facility, and imputed interest on post-closing acquisition related payment obligations. Interest expense increased by $4.0 million …
相对上期删除的文字 · 来源:10-K · 2025-08-21
Beginning in calendar 2024, the auto insurance industry began to benefit from rate increases and product optimizations which allowed increased advertising spending which in turn resulted in increases in our revenues and reductions to quarterly net losses. In our third and fourth fiscal quarters of 2…
Net revenue increased by $480.2 million, or 78%, in fiscal year 2025 compared to fiscal year 2024. Revenue from our financial services client vertical increased by $424.6 million, or 108%, primarily due to an increase in revenue in our insurance business, which increased by $414.4 million, or 200%, …
Product development expenses increased by $3.8 million, or 13%, in fiscal year 2025 compared to fiscal year 2024. This was primarily due to increased personnel costs of $4.0 million due to higher employee compensation expense and increased stock-based compensation expense.
Sales and marketing expenses increased by $4.7 million, or 34%, in fiscal year 2025 compared to fiscal year 2024. This was primarily due to higher employee compensation expense and increased stock-based compensation expense.
General and administrative expenses increased by $21.9 million, or 71%, in fiscal year 2025 compared to fiscal year 2024. This was primarily due to an adjustment to the fair value of contingent consideration from our AquaVida acquisition of $17.1 million, increased stock-based compensation expense o…
市场风险(第7A项)
相对上期新增的文字 · 来源:10-K · 2026-08-26
As of June 30, 2026, we had a $150.0 million Revolving Credit Facility with $70.0 million outstanding. Interest on borrowings under the Revolving Credit Facility is payable quarterly at specified margins above either Term SOFR or the ABR. Our exposure to interest rate risk under our revolving credit…
To date, our client agreements have been predominately denominated in U.S. dollars, and, accordingly, we have limited exposure to foreign currency exchange rate fluctuations related to client agreements, and do not currently engage in foreign currency hedging transactions. As the local accounts for …
如何读 10-Q 的风险因素(第 1A 项)
10-Q 的风险因素章节有三种常见形态,本页按其一分类展示:
- 指向(pointer) — 公司仅声明"无重大变化"并指向年度 10-K 的完整风险因素;本季没有自己的风险文本可对比。
- 部分更新(partial) — 公司写明"除下述外无重大变化",只更新部分风险;摘录展示的正是本季新增的内容。
- 全文重述(restated) — 本季重新给出完整风险因素。若上一季只是"指向",则无法逐段对比,本页会将其标为"本季全文重述"。
这只是对文件结构的客观描述,不构成对风险高低的判断。
数据来自 SEC EDGAR 两份申报文件的文本级对比 · 确定性计算(无 AI 生成内容)· 仅供参考 · 非投资建议