NRDS

MKT CAP:$802M

NerdWallet, Inc.

Market Cap

$802M

Financial Services·Financial - Credit Services·🇺🇸 United States·NASDAQ

Financials·Financial·🇺🇸·NASDAQ

Stock Price

$10.88-$2.05 (-15.85%)

Apr 24, 2026

Company Details

NerdWallet, Inc. operates a digital platform that provides consumer-driven advice about personal finance by connecting individuals and small and mid-sized businesses with financial products providers. The company's platform offers guidance ...

CEO

Tim Chen

IPO Date

Nov 4, 2021

Website

www.nerdwallet.com

Key Metrics TTM

Revenue

$837M

+21.7% YoY

Net Income

$49M

EPS (Diluted)

$0.64

Free Cash Flow

$122M

Revenue / Share

$11.29

Gross Margin

92.4%

Operating Margin

8.3%

Net Margin

5.8%

FCF Margin

14.5%

P/S

1.0x

P/E

16.5x

Earnings Reports

Q1 2026

May 5, 2026

PENDING

FY 2025

Feb 25, 2026

$837M+21.7%EPS $0.64

Q4 2025

Feb 25, 2026

$225M+22.6%EPS $0.19

Q3 2025

Nov 6, 2025

$215M+12.4%EPS $0.34

Q2 2025

Aug 7, 2025

$187M+24.1%EPS $0.11

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$129M	$121M	-$9M
Q2 22	$125M	$117M	-$9M
Q3 22	$143M	$131M	-$9M
Q4 22	$142M	$130M	$8M
Q1 23	$170M	$156M	-$800.0K
Q2 23	$143M	$130M	-$4M
Q3 23	$153M	$140M	$4M
Q4 23	$134M	$120M	$5M
Q1 24	$162M	$148M	$4M
Q2 24	$151M	$136M	-$10M
Q3 24	$191M	$174M	$7M
Q4 24	$184M	$167M	$9M
Q1 25	$209M	$191M	$700.0K
Q2 25	$187M	$170M	$11M
Q3 25	$215M	$200M	$34M
Q4 25	$225M	$212M	$24M

Valuation

Quarter	P/S	P/E
Q1 22	1.8x	—
Q2 22	1.4x	—
Q3 22	1.4x	—
Q4 22	1.4x	—
Q1 23	2.1x	600.2x
Q2 23	1.2x	1228.4x
Q3 23	1.1x	—
Q4 23	1.8x	—
Q1 24	1.9x	—
Q2 24	1.9x	—
Q3 24	1.6x	—
Q4 24	1.5x	33.5x
Q1 25	0.9x	22.6x
Q2 25	1.1x	17.3x
Q3 25	1.0x	11.2x
Q4 25	1.3x	21.5x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$2M	-$7M
Q2 22	-$16M	-$23M
Q3 22	$19M	$10M
Q4 22	$20M	$13M
Q1 23	$16M	$9M
Q2 23	-$10M	-$18M
Q3 23	$36M	$31M
Q4 23	$30M	$20M
Q1 24	$23M	$17M
Q2 24	$10M	$5M
Q3 24	$29M	$24M
Q4 24	$10M	$5M
Q1 25	$27M	$22M
Q2 25	$18M	$21M
Q3 25	$49M	$44M
Q4 25	$39M	$34M

Capital Expenditures

Quarter	CapEx
Q1 22	$9M
Q2 22	$7M
Q3 22	$9M
Q4 22	$7M
Q1 23	$8M
Q2 23	$8M
Q3 23	$5M
Q4 23	$9M
Q1 24	$5M
Q2 24	$6M
Q3 24	$5M
Q4 24	$5M
Q1 25	$5M
Q2 25	$4M
Q3 25	$4M
Q4 25	$5M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+43.4%	+33.9%
Q2 22	+36.7%	+17.4%
Q3 22	+44.8%	+64.2%
Q4 22	+42.7%	+23.1%
Q1 23	+31.4%	+23.3%
Q2 23	+14.5%	+9.9%
Q3 23	+7.2%	-1.7%
Q4 23	-5.8%	-3.7%
Q1 24	-4.5%	-7.2%
Q2 24	+5.1%	+8.6%
Q3 24	+25.2%	+24.1%
Q4 24	+37.5%	+35.6%
Q1 25	+29.2%	+31.8%
Q2 25	+24.1%	+10.0%
Q3 25	+12.4%	-2.2%
Q4 25	+22.6%	+15.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$7M	5.0%
Q2 22	$0	0.0%
Q3 22	$9M	6.4%
Q4 22	$9M	6.4%
Q1 23	$0	0.0%
Q2 23	$0	0.0%
Q3 23	$9M	6.2%
Q4 23	$10M	7.1%
Q1 24	$9M	5.4%
Q2 24	$10M	6.8%
Q3 24	$10M	5.3%
Q4 24	$9M	4.6%
Q1 25	$7M	3.2%
Q2 25	$8M	4.4%
Q3 25	$7M	3.1%
Q4 25	$7M	3.1%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q1 22	$17M	$13M	$96M
Q2 22	$20M	$15M	$89M
Q3 22	$21M	$15M	$103M
Q4 22	$19M	$14M	$88M
Q1 23	$20M	$15M	$122M
Q2 23	$20M	$16M	$99M
Q3 23	$21M	$14M	$101M
Q4 23	$20M	$15M	$80M
Q1 24	$21M	$15M	$108M
Q2 24	$23M	$17M	$106M
Q3 24	$23M	$16M	$128M
Q4 24	$16M	$14M	$129M
Q1 25	$17M	$14M	$160M
Q2 25	$18M	$14M	$128M
Q3 25	$16M	$14M	$135M
Q4 25	$16M	$14M	$162M

Revenue Segments

Quarter	Credit Card	Loans	Other Verticals
Q1 22	$45M	$34M	$50M
Q2 22	$55M	$24M	$47M
Q3 22	$57M	$28M	$57M
Q4 22	$53M	$22M	$67M
Q1 23	$61M	$22M	$86M
Q2 23	$51M	$23M	$69M
Q3 23	$54M	$33M	$66M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$162M	$0	$162M
Q2 22	$126M	$0	$126M
Q3 22	$138M	$0	$138M
Q4 22	$84M	$2M	$86M
Q1 23	$101M	$0	$101M
Q2 23	$67M	$0	$67M
Q3 23	$87M	$0	$87M
Q4 23	$100M	$2M	$103M
Q1 24	$111M	$0	$111M
Q2 24	$112M	$2M	$114M
Q3 24	$72M	$0	$72M
Q4 24	$66M	$2M	$69M
Q1 25	$92M	$0	$92M
Q2 25	$105M	$0	$105M
Q3 25	$121M	$0	$121M
Q4 25	$98M	$2M	$101M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	67M	+10.1%	+18.0%
Q2 22	67M	+0.7%	+18.9%
Q3 22	75M	+11.3%	+15.8%
Q4 22	77M	+2.5%	+26.5%
Q1 23	80M	+3.6%	+19.1%
Q2 23	77M	-3.6%	+13.9%
Q3 23	78M	+0.9%	+3.3%
Q4 23	77M	-1.3%	-0.5%
Q1 24	81M	+5.2%	+1.0%
Q2 24	78M	-3.2%	+1.4%
Q3 24	79M	+1.8%	+2.3%
Q4 24	76M	-4.7%	-1.2%
Q1 25	76M	+0.7%	-5.5%
Q2 25	77M	+0.7%	-1.7%
Q3 25	77M	+0.4%	-3.0%
Q4 25	74M	-3.6%	-2.0%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$191.3K	675
Q2 22	$185.5K	675
Q3 22	$211.3K	675
Q4 22	$184.4K	770
Q1 23	$220.3K	770
Q2 23	$186.1K	770
Q3 23	$198.4K	770
Q4 23	$183.2K	730
Q1 24	$221.8K	730
Q2 24	$206.3K	730
Q3 24	$262.1K	730
Q4 24	$282.8K	650
Q1 25	$321.8K	650
Q2 25	$287.5K	650
Q3 25	$330.9K	650
Q4 25	$346.8K	650

Revenue / Employee