NERDWALLET, INC. NRDS

Technology SIC 7374 - Services-Computer Processing & Data Preparation NAICS Information › Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services derived Nasdaq

NerdWallet, Inc. (NerdWallet, the Company, we, our, or us) provides consumers and small and mid-sized businesses (SMBs) with trusted guidance across a broad range of finance topics through a digital platform that integrates independent editorial content, comparison tools, data-driven product marketplaces, and access to regulated financial services offered through our subsidiaries. Our mission is to provide clarity for all of life's financial decisions. Our vision is a world where everyone makes financial decisions with confidence.

Our platform enables users to compare financial products, access educational resources, receive personalized insights, and connect with third-party providers across credit cards, banking, insurance, lending, investing, wealth management, and other financial categories. We generate revenue primarily through referral fees, lead generation, and partner-based monetization, as well as through revenue derived from brokering and advisory services. Our business model is designed to be partner-neutral and to support transparent consumer and SMB choice by offering side-by-side comparisons and insightful information supported by editorial standards.

Last close 10.93 2026-10-23
Market cap $711.5M estimated share count
52-week range 7.33 - 16.24

Valuation FY2025 figures against the last close

P/S0.9x
P/E17.1x
P/FCF5.5x
EV/EBITDA6.4x
Dividend yield—
Diluted EPS0.64

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Revenue $836.6M$687.6M$599.4M$538.9M$379.6M$245.3M$228.3M—
Cost of revenue $63.7M$63.5M$54.0M$39.8M$28.5M$21.3M$16.1M—
Gross profit $772.9M$624.1M$545.4M$499.1M$351.1M$224.0M$212.2M—
R&D $66.7M$82.5M$80.5M$77.6M$62.2M$50.9M$46.0M—
SG&A $56.3M$61.6M$59.8M$58.2M$38.5M$28.0M$22.2M—
Total operating expenses $771.4M$678.2M$595.8M$557.9M$418.6M$243.4M$199.9M—
Operating income $65.2M$9.4M$3.6M-$19.0M-$39.0M$1.9M$28.4M—
Interest expense $600.0K$700.0K$800.0K$2.5M$1.3M$1.1M$1.1M—
Pre-tax income $68.2M$5.0M$6.3M-$20.0M-$37.7M$900.0K$27.9M—
Income tax $19.5M$25.4M$18.1M$9.8M$4.8M$4.4M$3.7M—
Net income $48.7M$30.4M-$11.8M-$10.2M-$42.5M$5.3M$24.2M—
EPS, basic 0.660.40-0.15-0.14-0.820.120.57—
EPS, diluted 0.640.38-0.15-0.14-0.820.090.45—
Shares, diluted (wtd. avg.) 75.9M78.9M76.7M70.6M51.9M56.3M54.3M—

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Cash and equivalents $98.3M$66.3M$100.4M$83.9M$167.8M$83.4M$67.6M$52.4M
Receivables $111.0M$102.2M$75.5M$87.0M$57.6M$37.3M——
Total current assets $244.7M$196.7M$198.4M$189.2M$242.8M$129.4M——
Property, plant and equipment $31.8M$43.0M$52.6M$49.1M$34.9M$27.7M——
Goodwill $123.5M$112.4M$111.5M$111.2M$43.8M$43.8M$300.0K—
Other intangibles $21.5M$33.3M$46.9M$64.1M$27.6M$35.6M——
Total assets $461.1M$437.6M$418.6M$425.7M$364.1M$255.2M——
Accounts payable $5.4M$8.9M$1.7M$3.6M$3.2M$5.4M——
Total current liabilities $70.9M$60.1M$37.3M$72.4M$65.8M$24.0M——
Long-term debt ————$0$30.2M——
Total liabilities $86.6M$73.4M$51.7M$84.0M$106.5M$103.7M——
Retained earnings -$188.1M-$166.5M-$116.5M-$84.7M-$74.5M-$17.7M——
Total equity $374.5M$364.2M$366.9M$341.7M$257.6M$82.7M$8.0M-$20.2M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Operating cash flow $131.6M$71.8M$72.1M$25.0M$7.2M$15.4M$31.4M—
Depreciation and amortisation $46.4M$48.4M$48.2M$37.0M$27.1M$15.1M$9.4M—
Stock-based compensation $28.6M$37.7M$38.8M$34.4M$17.9M$6.4M$5.0M—
Capital expenditure $1.3M$600.0K$700.0K$4.6M$2.3M$1.3M$700.0K—
Investing cash flow -$33.3M-$29.7M-$29.5M-$100.3M-$23.0M-$55.4M-$14.8M—
Financing cash flow -$66.1M-$76.5M-$26.2M-$8.4M$100.2M$55.7M-$1.4M—
Buybacks $70.2M$80.1M$20.0M—————

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001625278-26-000014.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -250M 0 250M 500M 750M 1B Revenue, FY2019: 228.3M Gross profit, FY2019: 212.2M Net income, FY2019: 24.2M Revenue, FY2020: 245.3M Gross profit, FY2020: 224M Net income, FY2020: 5.3M Revenue, FY2021: 379.6M Gross profit, FY2021: 351.1M Net income, FY2021: -42.5M Revenue, FY2022: 538.9M Gross profit, FY2022: 499.1M Net income, FY2022: -10.2M Revenue, FY2023: 599.4M Gross profit, FY2023: 545.4M Net income, FY2023: -11.8M Revenue, FY2024: 687.6M Gross profit, FY2024: 624.1M Net income, FY2024: 30.4M Revenue, FY2025: 836.6M Gross profit, FY2025: 772.9M Net income, FY2025: 48.7M FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — $228.3M $245.3M $379.6M $538.9M $599.4M $687.6M $836.6M
Gross profit — $212.2M $224.0M $351.1M $499.1M $545.4M $624.1M $772.9M
Net income — $24.2M $5.3M -$42.5M -$10.2M -$11.8M $30.4M $48.7M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Code of ethics change The code of ethics changed, or somebody was excused from part of it. Item 5.05
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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