NerdWallet (NRDS) Financials

$10.28 -0.10 (-0.96%)

Closing price 07/18/2025 04:00 PM Eastern

Extended Trading

$10.43 +0.15 (+1.46%)

As of 07/18/2025 07:18 PM Eastern

Annual Income Statements for NerdWallet

This table shows NerdWallet's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	24	5.30	-43	-10	-12	30
Consolidated Net Income / (Loss)	24	5.30	-43	-10	-12	30
Net Income / (Loss) Continuing Operations	24	5.30	-43	-10	-12	30
Total Pre-Tax Income	28	0.90	-38	-20	6.30	5.00
Total Operating Income	28	1.90	-39	-19	3.60	9.40
Total Gross Profit	212	224	351	499	545	624
Total Revenue	228	245	380	539	599	688
Operating Revenue	228	245	380	539	599	688
Total Cost of Revenue	16	21	29	40	54	64
Operating Cost of Revenue	16	21	29	40	54	64
Total Operating Expenses	184	222	390	518	542	615
Selling, General & Admin Expense	22	28	39	58	60	62
Marketing Expense	116	144	271	376	402	471
Research & Development Expense	46	51	62	78	81	83
Other Operating Expenses / (Income)	-	-0.80	18	6.70	0.00	0.00
Total Other Income / (Expense), net	-0.50	-1.00	1.30	-1.00	2.70	-4.40
Interest Expense	1.10	1.10	1.30	2.50	0.80	0.70
Interest & Investment Income	1.10	0.20	0.00	1.50	3.60	4.80
Other Income / (Expense), net	-0.50	-0.10	2.60	0.00	-0.10	-8.50
Income Tax Expense	3.70	-4.40	4.80	-9.80	18	-25
Basic Earnings per Share	$0.57	$0.12	($0.82)	($0.14)	($0.15)	$0.40
Weighted Average Basic Shares Outstanding	42.10M	44.30M	51.90M	70.60M	76.70M	76.50M
Diluted Earnings per Share	$0.45	$0.09	($0.82)	($0.14)	($0.15)	$0.38
Weighted Average Diluted Shares Outstanding	54.30M	56.30M	51.90M	70.60M	76.70M	78.90M
Weighted Average Basic & Diluted Shares Outstanding	-	-	67.07M	75.84M	77.01M	74.11M

This table shows NerdWallet's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	0.70	8.90	1.70	-11	-0.50	-2.30	1.10	-9.40	0.10	39	0.20
Consolidated Net Income / (Loss)	0.70	8.90	1.70	-11	-0.50	-2.30	1.10	-9.40	0.10	39	0.20
Net Income / (Loss) Continuing Operations	0.70	8.90	1.70	-11	-0.50	-2.30	1.10	-9.40	0.10	39	0.20
Total Pre-Tax Income	-9.20	7.60	-0.10	-3.60	4.70	5.30	4.80	-8.30	7.80	0.70	1.30
Total Operating Income	-8.80	7.90	-0.80	-4.20	4.00	4.60	3.70	-9.60	6.60	8.70	0.70
Total Gross Profit	131	130	156	130	140	120	148	136	174	167	191
Total Revenue	143	142	170	143	153	134	162	151	191	184	209
Operating Revenue	143	142	170	143	153	134	162	151	191	184	209
Total Cost of Revenue	12	12	14	13	13	14	14	15	18	17	18
Operating Cost of Revenue	12	12	14	13	13	14	14	15	18	17	18
Total Operating Expenses	140	122	157	134	136	115	144	145	167	158	190
Selling, General & Admin Expense	15	14	15	16	14	15	15	17	16	14	14
Marketing Expense	103	88	122	99	101	80	108	106	128	129	160
Research & Development Expense	21	19	20	20	21	20	21	23	23	16	17
Total Other Income / (Expense), net	-0.40	-0.30	0.70	0.60	0.70	0.70	1.10	1.30	1.20	-8.00	0.60
Interest Expense	0.90	1.20	0.20	0.20	0.20	0.20	0.20	0.20	0.10	0.20	0.10
Interest & Investment Income	0.50	0.90	1.00	0.80	0.90	0.90	1.40	1.50	1.30	0.60	0.70
Other Income / (Expense), net	0.00	-	-0.10	0.00	0.00	-	-0.10	0.00	0.00	-8.40	0.00
Income Tax Expense	-9.90	-1.30	-1.80	7.10	5.20	7.60	3.70	1.10	7.70	-38	1.10
Basic Earnings per Share	$0.01	$0.15	$0.02	($0.14)	($0.01)	($0.02)	$0.01	($0.12)	$0.00	$0.51	$0.00
Weighted Average Basic Shares Outstanding	73.40M	70.60M	75.80M	76.80M	77.50M	76.70M	77.20M	77.90M	77.40M	76.50M	74.20M
Diluted Earnings per Share	$0.01	$0.15	$0.02	($0.14)	($0.01)	($0.02)	$0.01	($0.12)	$0.00	$0.49	$0.00
Weighted Average Diluted Shares Outstanding	75M	70.60M	79.70M	76.80M	77.50M	76.70M	80.50M	77.90M	79.30M	78.90M	76.10M
Weighted Average Basic & Diluted Shares Outstanding	74.33M	75.84M	76.72M	77.54M	76.13M	77.01M	77.74M	78.71M	73.44M	74.11M	74.51M

This table details how cash moves in and out of NerdWallet's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	15	16	84	-84	17	-34
Net Cash From Operating Activities	31	15	7.20	25	72	72
Net Cash From Continuing Operating Activities	31	15	7.20	25	73	72
Net Income / (Loss) Continuing Operations	24	5.30	-43	-10	-12	30
Consolidated Net Income / (Loss)	24	5.30	-43	-10	-12	30
Depreciation Expense	9.40	15	27	37	48	48
Non-Cash Adjustments To Reconcile Net Income	13	13	24	27	28	49
Changes in Operating Assets and Liabilities, net	-15	-18	-1.10	-29	5.70	-56
Net Cash From Investing Activities	-15	-55	-23	-100	-30	-30
Net Cash From Continuing Investing Activities	-15	-55	-23	-100	-30	-30
Purchase of Property, Plant & Equipment	-15	-19	-23	-32	-30	-21
Acquisitions	0.00	-37	0.00	-68	0.00	-0.30
Purchase of Investments	-	-	-	0.00	0.00	-8.10
Net Cash From Financing Activities	-1.40	56	100	-8.40	-26	-77
Net Cash From Continuing Financing Activities	-1.40	56	100	-8.40	-26	-77
Repayment of Debt	0.00	-10	-29	-70	-8.90	-2.00
Repurchase of Common Equity	-3.10	-1.60	-18	-1.00	-20	-80
Issuance of Debt	0.00	5.00	0.00	70	7.50	0.00
Issuance of Common Equity	0.00	54	140	4.50	3.00	1.40
Other Financing Activities, net	1.70	8.00	9.10	-12	-7.80	4.20
Cash Interest Paid	1.50	1.40	2.50	1.90	0.30	0.30
Cash Income Taxes Paid	1.50	1.20	0.30	4.00	14	16

This table details how cash moves in and out of NerdWallet's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Change in Cash & Equivalents	13	-55	17	-34	20	14	11	2.90	-42	-5.40	26
Net Cash From Operating Activities	19	20	16	-10	36	30	23	10	29	9.90	27
Net Cash From Continuing Operating Activities	19	20	17	-10	37	30	23	10	29	9.70	27
Net Income / (Loss) Continuing Operations	0.70	8.90	1.70	-11	-0.50	-2.30	1.10	-9.40	0.10	39	0.20
Consolidated Net Income / (Loss)	0.70	8.90	1.70	-11	-0.50	-2.30	1.10	-9.40	0.10	39	0.20
Depreciation Expense	11	11	12	12	12	12	12	12	13	11	13
Amortization Expense	-	-	0.70	-	-	0.70	0.50	0.60	0.60	-	0.60
Non-Cash Adjustments To Reconcile Net Income	10	10	10	-1.50	8.00	11	8.90	10	10	19	7.40
Changes in Operating Assets and Liabilities, net	-2.40	-10	-7.60	-9.40	15	7.90	0.30	-3.50	5.20	-58	5.90
Net Cash From Investing Activities	-78	-6.00	-7.60	-7.70	-4.80	-9.40	-14	-5.70	-5.20	-5.30	-4.60
Net Cash From Continuing Investing Activities	-78	-6.00	-7.60	-7.70	-4.80	-9.40	-14	-5.70	-5.20	-5.30	-4.60
Purchase of Property, Plant & Equipment	-8.90	-7.40	-7.60	-7.70	-4.80	-9.40	-5.40	-5.70	-5.20	-5.00	-4.60
Purchase of Investments	-	-	0.00	-	-	-	-8.10	-	-	-	0.00
Net Cash From Financing Activities	72	-69	8.10	-16	-12	-6.40	1.30	-1.70	-66	-10	3.80
Net Cash From Continuing Financing Activities	72	-69	8.10	-16	-12	-6.40	1.30	-1.70	-66	-10	3.80
Repayment of Debt	-	-70	-7.50	-	-1.10	-0.30	0.00	-	-	-2.00	4.30
Other Financing Activities, net	1.80	1.00	8.10	-17	0.10	0.70	1.30	-0.60	2.80	0.70	-0.50
Cash Interest Paid	0.70	1.10	0.00	0.20	0.10	-	0.10	0.10	0.10	-	0.10
Cash Income Taxes Paid	1.10	0.90	0.30	8.00	3.40	1.80	0.20	7.10	2.90	5.80	2.90

This table presents NerdWallet's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024
Period end date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	255	364	426	419	438
Total Current Assets	129	243	189	198	197
Cash & Equivalents	83	168	84	100	66
Accounts Receivable	37	58	87	76	102
Prepaid Expenses	8.70	17	18	23	28
Plant, Property, & Equipment, net	28	35	49	53	43
Total Noncurrent Assets	98	86	187	168	198
Goodwill	44	44	111	112	112
Intangible Assets	36	28	64	47	33
Noncurrent Deferred & Refundable Income Taxes	4.10	-	-	0.00	46
Other Noncurrent Operating Assets	15	15	12	9.20	6.60
Total Liabilities & Shareholders' Equity	255	364	426	419	438
Total Liabilities	104	107	84	52	73
Total Current Liabilities	24	66	72	37	60
Accounts Payable	24	3.20	3.60	1.70	8.90
Accrued Expenses	-	32	38	36	51
Total Noncurrent Liabilities	80	41	12	14	13
Other Noncurrent Operating Liabilities	48	41	12	14	13
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	83	258	342	367	364
Total Preferred & Common Equity	83	258	342	367	364
Preferred Stock	0.00	0.00	0.00	0.00	0.00
Total Common Equity	83	258	342	367	364
Common Stock	100	332	427	484	531
Retained Earnings	-18	-75	-85	-117	-167
Accumulated Other Comprehensive Income / (Loss)	0.60	0.50	-0.90	-0.30	-0.20

This table presents NerdWallet's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2022	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025
Period end date	6/30/2022	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025
Total Assets	346	485	452	411	421	446	446	402	475
Total Current Assets	223	247	219	181	195	224	230	194	242
Cash & Equivalents	126	138	101	67	87	111	114	72	92
Accounts Receivable	76	87	98	92	84	94	94	103	120
Prepaid Expenses	21	21	21	22	24	19	23	19	29
Plant, Property, & Equipment, net	44	47	51	53	53	51	49	45	39
Total Noncurrent Assets	80	192	183	177	173	171	167	163	194
Goodwill	43	111	111	112	111	112	112	112	113
Intangible Assets	23	68	60	55	51	44	40	37	30
Noncurrent Deferred & Refundable Income Taxes	-	-	-	-	-	-	-	-	46
Other Noncurrent Operating Assets	13	13	12	11	11	16	16	15	5.80
Total Liabilities & Shareholders' Equity	346	485	452	411	421	446	446	402	475
Total Liabilities	83	167	90	46	57	67	67	80	103
Total Current Liabilities	70	85	80	35	45	54	54	67	90
Accounts Payable	6.20	5.80	12	1.60	13	15	10	12	24
Accrued Expenses	34	49	37	33	32	39	44	54	66
Total Noncurrent Liabilities	12	82	10	11	12	14	13	14	13
Other Noncurrent Operating Liabilities	12	11	10	11	12	14	13	14	13
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	264	319	362	365	364	379	379	322	372
Total Preferred & Common Equity	264	319	362	365	364	379	379	322	372
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	264	319	362	365	364	379	379	322	372
Common Stock	359	414	446	461	471	495	506	519	538
Retained Earnings	-94	-94	-83	-95	-106	-115	-126	-197	-166
Accumulated Other Comprehensive Income / (Loss)	-0.80	-1.90	-0.70	-0.50	-0.70	-0.40	-0.30	0.00	0.00

This table displays calculated financial ratios and metrics derived from NerdWallet's official financial filings.

Metric	2019	2020	2021	2022	2023	2024
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-
Revenue Growth	0.00%	7.45%	54.75%	41.97%	11.23%	14.71%
EBITDA Growth	0.00%	-54.20%	-155.03%	293.55%	202.78%	-9.54%
EBIT Growth	0.00%	-93.55%	-2,122.22%	47.80%	118.42%	-74.29%
NOPAT Growth	0.00%	-54.58%	-343.99%	51.28%	49.30%	947.59%
Net Income Growth	0.00%	-78.10%	-901.89%	76.00%	-15.69%	357.63%
EPS Growth	0.00%	-80.00%	-1,011.11%	82.93%	-7.14%	353.33%
Operating Cash Flow Growth	0.00%	-50.96%	-53.25%	247.22%	188.40%	-0.42%
Free Cash Flow Firm Growth	0.00%	0.00%	43.41%	-268.56%	108.51%	66.60%
Invested Capital Growth	0.00%	0.00%	22.38%	139.98%	-7.69%	11.78%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	8.56%	-1.37%	7.86%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	1,000.00%	0.55%	-13.20%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	45.40%	-48.53%	-82.69%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	47.66%	-1,300.69%	1,085.91%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	62.22%	-1,866.67%	389.52%
EPS Q/Q Growth	0.00%	0.00%	0.00%	65.00%	-850.00%	392.31%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	83.82%	15.18%	-21.53%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	539.09%	22.03%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	2.92%	-4.00%	18.83%
Profitability Metrics	-	-	-	-	-	-
Gross Margin	92.95%	91.32%	92.49%	92.61%	90.99%	90.77%
EBITDA Margin	16.16%	6.89%	-2.45%	3.34%	9.09%	7.17%
Operating Margin	12.44%	0.77%	-10.27%	-3.53%	0.60%	1.37%
EBIT Margin	12.22%	0.73%	-9.59%	-3.53%	0.58%	0.13%
Profit (Net Income) Margin	10.60%	2.16%	-11.20%	-1.89%	-1.97%	4.42%
Tax Burden Percent	86.74%	588.89%	112.73%	51.00%	-187.30%	608.00%
Interest Burden Percent	100.00%	50.00%	103.57%	105.26%	180.00%	555.56%
Effective Tax Rate	13.26%	-488.89%	0.00%	0.00%	287.30%	-508.00%
Return on Invested Capital (ROIC)	0.00%	22.76%	-24.98%	-6.50%	-2.43%	20.25%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	44.90%	-9.02%	-9.76%	4.16%	52.35%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-15.77%	4.20%	3.10%	-0.90%	-11.94%
Return on Equity (ROE)	0.00%	7.00%	-20.78%	-3.40%	-3.33%	8.32%
Cash Return on Invested Capital (CROIC)	0.00%	-177.24%	-45.11%	-88.85%	5.57%	9.13%
Operating Return on Assets (OROA)	0.00%	0.71%	-11.76%	-4.81%	0.83%	0.21%
Return on Assets (ROA)	0.00%	2.08%	-13.73%	-2.58%	-2.80%	7.10%
Return on Common Equity (ROCE)	0.00%	3.82%	-17.28%	-3.40%	-3.33%	8.32%
Return on Equity Simple (ROE_SIMPLE)	0.00%	6.41%	-16.50%	-2.99%	-3.22%	8.35%
Net Operating Profit after Tax (NOPAT)	25	11	-27	-13	-6.74	57
NOPAT Margin	10.79%	4.56%	-7.19%	-2.47%	-1.12%	8.31%
Net Nonoperating Expense Percent (NNEP)	0.00%	-22.14%	-15.96%	3.26%	-6.59%	-32.10%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-3.57%	-1.84%	15.69%
Cost of Revenue to Revenue	7.05%	8.68%	7.51%	7.39%	9.01%	9.24%
SG&A Expenses to Revenue	9.72%	11.41%	10.14%	10.80%	9.98%	8.96%
R&D to Revenue	20.15%	20.75%	16.39%	14.40%	13.43%	12.00%
Operating Expenses to Revenue	80.51%	90.54%	102.77%	96.14%	90.39%	89.40%
Earnings before Interest and Taxes (EBIT)	28	1.80	-36	-19	3.50	0.90
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	37	17	-9.30	18	55	49
Valuation Ratios	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	1.58	0.44	2.09	3.05	2.68
Price to Tangible Book Value (P/TBV)	0.00	39.55	0.61	4.29	5.37	4.47
Price to Revenue (P/Rev)	0.57	0.53	0.30	1.32	1.87	1.42
Price to Earnings (P/E)	5.39	24.62	0.00	0.00	0.00	32.13
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	18.54%	4.06%	0.00%	0.00%	0.00%	3.11%
Enterprise Value to Invested Capital (EV/IC)	0.00	1.49	0.00	2.29	3.83	3.06
Enterprise Value to Revenue (EV/Rev)	0.00	0.60	0.00	1.23	1.70	1.32
Enterprise Value to EBITDA (EV/EBITDA)	0.00	8.65	0.00	36.70	18.72	18.47
Enterprise Value to EBIT (EV/EBIT)	0.00	81.17	0.00	0.00	291.48	1,011.60
Enterprise Value to NOPAT (EV/NOPAT)	0.00	13.06	0.00	0.00	0.00	15.93
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	9.49	0.00	26.42	14.15	12.68
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	66.00	35.35
Leverage & Solvency	-	-	-	-	-	-
Debt to Equity	0.00	0.20	0.12	0.09	0.00	0.00
Long-Term Debt to Equity	0.00	0.20	0.00	0.00	0.00	0.00
Financial Leverage	0.00	-0.35	-0.47	-0.32	-0.22	-0.23
Leverage Ratio	0.00	1.68	1.51	1.32	1.19	1.17
Compound Leverage Factor	0.00	0.84	1.57	1.39	2.14	6.51
Debt to Total Capital	0.00%	16.62%	10.59%	8.29%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	10.59%	8.29%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	16.62%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	37.86%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	45.51%	89.41%	91.71%	100.00%	100.00%
Debt to EBITDA	0.00	1.79	-3.28	1.72	0.00	0.00
Net Debt to EBITDA	0.00	-3.15	14.76	-2.94	0.00	0.00
Long-Term Debt to EBITDA	0.00	1.79	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	2.70	-1.12	-2.32	0.00	0.00
Net Debt to NOPAT	0.00	-4.75	5.03	3.99	0.00	0.00
Long-Term Debt to NOPAT	0.00	2.70	0.00	0.00	0.00	0.00
Altman Z-Score	0.00	2.14	1.64	6.27	14.54	9.40
Noncontrolling Interest Sharing Ratio	0.00%	45.41%	16.82%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-
Current Ratio	0.00	5.39	3.69	2.61	5.32	3.27
Quick Ratio	0.00	5.03	3.43	2.36	4.72	2.80
Cash Flow Metrics	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-87	-49	-182	15	26
Operating Cash Flow to CapEx	212.16%	82.35%	31.30%	77.64%	244.41%	337.09%
Free Cash Flow to Firm to Interest Expense	0.00	-79.19	-37.92	-72.68	19.32	36.79
Operating Cash Flow to Interest Expense	28.55	14.00	5.54	10.00	90.13	102.57
Operating Cash Flow Less CapEx to Interest Expense	15.09	-3.00	-12.15	-2.88	53.25	72.14
Efficiency Ratios	-	-	-	-	-	-
Asset Turnover	0.00	0.96	1.23	1.36	1.42	1.61
Accounts Receivable Turnover	0.00	6.58	8.00	7.45	7.38	7.74
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	8.86	12.13	12.83	11.79	14.38
Accounts Payable Turnover	0.00	0.89	2.10	11.71	20.38	11.98
Days Sales Outstanding (DSO)	0.00	55.50	45.63	48.97	49.48	47.16
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	411.27	174.18	31.18	17.91	30.46
Cash Conversion Cycle (CCC)	0.00	-355.77	-128.55	17.79	31.56	16.70
Capital & Investment Metrics	-	-	-	-	-	-
Invested Capital	0.00	98	120	289	267	298
Invested Capital Turnover	0.00	4.99	3.47	2.64	2.16	2.44
Increase / (Decrease) in Invested Capital	0.00	98	22	168	-22	31
Enterprise Value (EV)	0.00	146	-25	661	1,020	910
Market Capitalization	131	131	113	714	1,121	977
Book Value per Share	$0.00	$1.87	$4.96	$4.60	$4.82	$4.96
Tangible Book Value per Share	$0.00	$0.07	$3.59	$2.24	$2.74	$2.98
Total Capital	0.00	182	288	373	367	364
Total Debt	0.00	30	31	31	0.00	0.00
Total Long-Term Debt	0.00	30	0.00	0.00	0.00	0.00
Net Debt	0.00	-53	-137	-53	-100	-66
Capital Expenditures (CapEx)	15	19	23	32	30	21
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	22	40	64	61	70
Debt-free Net Working Capital (DFNWC)	0.00	105	208	148	161	137
Net Working Capital (NWC)	0.00	105	177	117	161	137
Net Nonoperating Expense (NNE)	0.43	5.89	15	-3.10	5.06	27
Net Nonoperating Obligations (NNO)	0.00	-53	-137	-53	-100	-66
Total Depreciation and Amortization (D&A)	9.00	15	27	37	51	48
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	8.97%	10.46%	11.84%	10.13%	10.22%
Debt-free Net Working Capital to Revenue	0.00%	42.97%	54.66%	27.41%	26.88%	19.87%
Net Working Capital to Revenue	0.00%	42.97%	46.63%	21.67%	26.88%	19.87%
Earnings Adjustments	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	($0.82)	($0.14)	($0.15)	$0.40
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	51.90M	70.60M	76.70M	76.50M
Adjusted Diluted Earnings per Share	$0.00	$0.00	($0.82)	($0.14)	($0.15)	$0.38
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	51.90M	70.60M	76.70M	78.90M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	67.07M	75.84M	77.01M	74.11M
Normalized Net Operating Profit after Tax (NOPAT)	25	1.33	-27	-13	2.52	6.58
Normalized NOPAT Margin	10.79%	0.54%	-7.19%	-2.47%	0.42%	0.96%
Pre Tax Income Margin	12.22%	0.37%	-9.93%	-3.71%	1.05%	0.73%
Debt Service Ratios	-	-	-	-	-	-
EBIT to Interest Expense	25.36	1.64	-28.00	-7.60	4.38	1.29
NOPAT to Interest Expense	22.39	10.17	-21.00	-5.32	-8.43	81.65
EBIT Less CapEx to Interest Expense	11.91	-15.36	-45.69	-20.48	-32.50	-29.14
NOPAT Less CapEx to Interest Expense	8.94	-6.83	-38.69	-18.20	-45.30	51.22
Payout Ratios	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	12.81%	30.19%	-43.06%	-9.80%	-169.49%	263.49%

This table displays calculated financial ratios and metrics derived from NerdWallet's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	44.77%	42.71%	31.37%	14.46%	7.15%	-5.85%	-4.54%	5.09%	25.20%	37.47%	29.22%
EBITDA Growth	-84.96%	2,857.14%	705.26%	671.43%	705.00%	-9.33%	39.13%	-60.00%	24.84%	-33.14%	-13.13%
EBIT Growth	-241.94%	200.00%	90.11%	53.33%	145.45%	-41.77%	500.00%	-128.57%	65.00%	-93.48%	-80.56%
NOPAT Growth	27.29%	240.60%	91.21%	53.33%	93.09%	-121.58%	251.41%	-128.57%	119.88%	24,132.49%	-87.30%
Net Income Growth	108.97%	212.66%	116.19%	-15.05%	-171.43%	-125.84%	-35.29%	12.15%	120.00%	1,778.26%	-81.82%
EPS Growth	106.25%	236.36%	112.50%	0.00%	-200.00%	-113.33%	-50.00%	14.29%	100.00%	2,550.00%	-100.00%
Operating Cash Flow Growth	16.27%	131.03%	925.00%	37.50%	87.05%	47.26%	38.41%	202.00%	-19.67%	-66.55%	17.62%
Free Cash Flow Firm Growth	0.00%	0.00%	-28.69%	23.38%	100.86%	112.69%	114.84%	119.20%	990.52%	2,119.10%	-146.07%
Invested Capital Growth	0.00%	139.98%	134.84%	77.74%	-1.03%	-7.69%	-8.26%	-10.84%	-9.69%	11.78%	4.33%
Revenue Q/Q Growth	13.90%	-0.42%	19.44%	-15.51%	6.63%	-12.50%	21.09%	-6.98%	27.03%	-3.92%	13.82%
EBITDA Q/Q Growth	242.86%	865.00%	-40.41%	-30.43%	101.25%	8.70%	-8.57%	-80.00%	528.13%	-41.79%	18.80%
EBIT Q/Q Growth	2.22%	189.77%	-111.39%	-366.67%	195.24%	15.00%	-21.74%	-366.67%	168.75%	-95.45%	133.33%
NOPAT Q/Q Growth	2.22%	250.18%	-106.05%	-425.00%	85.53%	-369.11%	142.48%	-892.53%	101.26%	566,868.73%	-99.98%
Net Income Q/Q Growth	107.53%	1,171.43%	-80.90%	-729.41%	95.33%	-360.00%	147.83%	-954.55%	101.06%	38,500.00%	-99.48%
EPS Q/Q Growth	107.14%	1,400.00%	-86.67%	-800.00%	92.86%	-100.00%	150.00%	-1,300.00%	100.00%	0.00%	-100.00%
Operating Cash Flow Q/Q Growth	220.63%	4.15%	-18.41%	-160.98%	461.00%	-18.01%	-23.31%	-55.07%	184.31%	-65.86%	169.70%
Free Cash Flow Firm Q/Q Growth	-64.84%	44.48%	-5.66%	20.77%	101.86%	716.49%	23.48%	2.53%	5.49%	1,561.48%	-102.56%
Invested Capital Q/Q Growth	67.36%	2.92%	1.11%	2.06%	-6.81%	-4.00%	0.49%	-0.82%	-5.61%	18.83%	-6.21%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	91.80%	91.41%	91.86%	90.86%	91.30%	89.68%	91.23%	90.11%	90.75%	90.91%	91.30%
EBITDA Margin	1.40%	13.59%	6.78%	5.58%	10.54%	13.09%	9.88%	2.12%	10.51%	6.37%	6.64%
Operating Margin	-6.17%	5.56%	-0.47%	-2.93%	2.62%	3.44%	2.29%	-6.37%	3.45%	4.73%	0.33%
EBIT Margin	-6.17%	5.56%	-0.53%	-2.93%	2.62%	3.44%	2.22%	-6.37%	3.45%	0.16%	0.33%
Profit (Net Income) Margin	0.49%	6.27%	1.00%	-7.47%	-0.33%	-1.72%	0.68%	-6.24%	0.05%	21.00%	0.10%
Tax Burden Percent	-7.61%	117.11%	-1,700.00%	297.22%	-10.64%	-43.40%	22.92%	113.25%	1.28%	5,514.29%	15.38%
Interest Burden Percent	104.55%	96.20%	11.11%	85.71%	117.50%	115.22%	133.33%	86.46%	118.18%	233.33%	185.71%
Effective Tax Rate	0.00%	-17.11%	0.00%	0.00%	110.64%	143.40%	77.08%	0.00%	98.72%	-5,414.29%	84.62%
Return on Invested Capital (ROIC)	-15.29%	17.17%	-0.92%	-5.27%	-0.61%	-3.22%	1.11%	-9.49%	0.11%	635.98%	0.14%
ROIC Less NNEP Spread (ROIC-NNEP)	-51.30%	17.54%	-3.17%	4.25%	-0.49%	-2.83%	0.83%	-6.52%	0.09%	1,165.24%	0.05%
Return on Net Nonoperating Assets (RNNOA)	6.13%	-5.57%	1.03%	-1.10%	0.09%	0.61%	-0.20%	1.59%	-0.02%	-265.69%	-0.01%
Return on Equity (ROE)	-9.15%	11.60%	0.11%	-6.37%	-0.52%	-2.61%	0.91%	-7.90%	0.09%	370.29%	0.13%
Cash Return on Invested Capital (CROIC)	0.00%	-88.85%	-84.14%	-57.76%	0.87%	5.57%	5.41%	9.83%	7.99%	9.13%	41.76%
Operating Return on Assets (OROA)	-6.31%	7.59%	-0.74%	-4.63%	3.51%	4.89%	2.93%	-8.91%	5.34%	0.26%	0.53%
Return on Assets (ROA)	0.50%	8.55%	1.40%	-11.79%	-0.44%	-2.44%	0.90%	-8.73%	0.08%	33.73%	0.15%
Return on Common Equity (ROCE)	-9.15%	11.60%	0.11%	-6.37%	-0.52%	-2.61%	0.91%	-7.90%	0.09%	370.29%	0.13%
Return on Equity Simple (ROE_SIMPLE)	-8.47%	0.00%	0.55%	0.16%	-0.16%	0.00%	-3.27%	-2.93%	-3.26%	0.00%	7.94%
Net Operating Profit after Tax (NOPAT)	-6.16	9.25	-0.56	-2.94	-0.43	-2.00	0.85	-6.72	0.08	480	0.11
NOPAT Margin	-4.32%	6.52%	-0.33%	-2.05%	-0.28%	-1.49%	0.52%	-4.46%	0.04%	261.01%	0.05%
Net Nonoperating Expense Percent (NNEP)	36.01%	-0.37%	2.25%	-9.52%	-0.12%	-0.40%	0.28%	-2.96%	0.02%	-529.27%	0.09%
Return On Investment Capital (ROIC_SIMPLE)	-	2.48%	-	-	-	-0.54%	-	-	-	131.73%	0.03%
Cost of Revenue to Revenue	8.20%	8.59%	8.14%	9.14%	8.70%	10.32%	8.77%	9.89%	9.25%	9.09%	8.70%
SG&A Expenses to Revenue	10.80%	10.14%	9.08%	10.89%	9.29%	10.92%	9.51%	10.96%	8.31%	7.51%	6.60%
R&D to Revenue	14.52%	13.66%	11.50%	13.96%	13.55%	15.18%	12.79%	15.07%	12.02%	8.76%	8.03%
Operating Expenses to Revenue	97.97%	85.85%	92.33%	93.79%	88.68%	86.24%	88.94%	96.48%	87.30%	86.18%	90.97%
Earnings before Interest and Taxes (EBIT)	-8.80	7.90	-0.90	-4.20	4.00	4.60	3.60	-9.60	6.60	0.30	0.70
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	2.00	19	12	8.00	16	18	16	3.20	20	12	14
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.05	2.09	3.39	1.98	1.89	3.05	2.96	2.99	3.10	2.68	1.80
Price to Tangible Book Value (P/TBV)	4.68	4.29	6.43	3.64	3.41	5.37	5.00	4.98	5.75	4.47	2.93
Price to Revenue (P/Rev)	1.32	1.32	2.12	1.21	1.13	1.87	1.89	1.89	1.57	1.42	0.91
Price to Earnings (P/E)	0.00	0.00	613.56	1,203.28	0.00	0.00	0.00	0.00	0.00	32.13	22.73
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.16%	0.08%	0.00%	0.00%	0.00%	0.00%	0.00%	3.11%	4.40%
Enterprise Value to Invested Capital (EV/IC)	2.20	2.29	3.96	2.20	2.17	3.83	3.76	3.84	3.70	3.06	2.07
Enterprise Value to Revenue (EV/Rev)	1.24	1.23	2.00	1.10	0.99	1.70	1.70	1.70	1.46	1.32	0.79
Enterprise Value to EBITDA (EV/EBITDA)	0.00	36.70	37.69	16.33	11.12	18.72	17.09	20.02	16.35	18.47	12.28
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	88.63	291.48	126.02	392.76	178.59	1,011.60	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	15.93	4.60
Enterprise Value to Operating Cash Flow (EV/OCF)	45.28	26.42	29.08	14.30	9.63	14.15	12.86	10.36	10.15	12.68	7.63
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	249.20	66.00	66.62	36.88	44.01	35.35	5.06
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.31	0.09	0.09	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.22	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.12	-0.32	-0.33	-0.26	-0.18	-0.22	-0.24	-0.24	-0.23	-0.23	-0.27
Leverage Ratio	1.52	1.32	1.34	1.20	1.33	1.19	1.21	1.15	1.20	1.17	1.23
Compound Leverage Factor	1.59	1.27	0.15	1.03	1.56	1.37	1.62	1.00	1.42	2.73	2.28
Debt to Total Capital	23.94%	8.29%	7.87%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	7.23%	8.29%	7.87%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	16.71%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	76.06%	91.71%	92.13%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	-50.15	1.72	1.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	19.05	-2.94	-2.28	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	-35.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	-3.95	-2.32	-4.13	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	1.50	3.99	9.33	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	-2.75	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	3.45	6.48	9.54	11.02	8.86	14.55	11.41	11.54	8.84	9.40	5.34
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.91	2.61	2.74	5.18	4.33	5.32	4.17	4.27	2.91	3.27	2.68
Quick Ratio	2.66	2.36	2.48	4.56	3.80	4.72	3.81	3.85	2.62	2.80	2.35
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-287	-159	-168	-133	2.47	20	25	26	27	448	-11
Operating Cash Flow to CapEx	216.85%	271.62%	215.79%	-129.87%	752.08%	314.89%	420.37%	178.95%	557.69%	198.00%	580.43%
Free Cash Flow to Firm to Interest Expense	-318.51	-132.62	-840.80	-666.20	12.37	101.02	124.74	127.90	269.85	2,241.71	-114.92
Operating Cash Flow to Interest Expense	21.44	16.75	82.00	-50.00	180.50	148.00	113.50	51.00	290.00	49.50	267.00
Operating Cash Flow Less CapEx to Interest Expense	11.56	10.58	44.00	-88.50	156.50	101.00	86.50	22.50	238.00	24.50	221.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.02	1.36	1.40	1.58	1.34	1.42	1.32	1.40	1.55	1.61	1.60
Accounts Receivable Turnover	5.69	7.45	6.82	7.09	7.08	7.38	6.18	6.44	6.81	7.74	6.86
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	10.54	12.83	12.82	12.45	12.17	11.79	11.67	11.81	13.00	14.38	16.39
Accounts Payable Turnover	6.00	11.71	5.34	13.03	5.55	20.38	3.99	9.61	4.75	11.98	3.41
Days Sales Outstanding (DSO)	64.12	48.97	53.55	51.47	51.53	49.48	59.03	56.70	53.59	47.16	53.19
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	60.83	31.18	68.39	28.02	65.83	17.91	91.59	37.99	76.79	30.46	107.07
Cash Conversion Cycle (CCC)	3.28	17.79	-14.84	23.44	-14.29	31.56	-32.55	18.71	-23.20	16.70	-53.87
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	281	289	292	298	278	267	268	266	251	298	279
Invested Capital Turnover	3.54	2.64	2.78	2.57	2.18	2.16	2.11	2.13	2.41	2.44	2.69
Increase / (Decrease) in Invested Capital	281	168	168	130	-2.90	-22	-24	-32	-27	31	12
Enterprise Value (EV)	616	661	1,157	655	603	1,020	1,008	1,021	929	910	578
Market Capitalization	654	714	1,227	722	689	1,121	1,119	1,135	1,000	977	671
Book Value per Share	$4.32	$4.60	$4.77	$4.76	$4.70	$4.82	$4.91	$4.88	$4.10	$4.96	$5.01
Tangible Book Value per Share	$1.89	$2.24	$2.52	$2.59	$2.61	$2.74	$2.90	$2.93	$2.21	$2.98	$3.09
Total Capital	419	373	393	365	364	367	379	379	322	364	372
Total Debt	100	31	31	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	70	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-38	-53	-70	-67	-87	-100	-111	-114	-72	-66	-92
Capital Expenditures (CapEx)	8.90	7.40	7.60	7.70	4.80	9.40	5.40	5.70	5.20	5.00	4.60
Debt-free, Cash-free Net Working Capital (DFCFNWC)	54	64	69	79	63	61	60	62	56	70	59
Debt-free Net Working Capital (DFNWC)	192	148	170	146	150	161	170	176	127	137	152
Net Working Capital (NWC)	162	117	139	146	150	161	170	176	127	137	152
Net Nonoperating Expense (NNE)	-6.86	0.35	-2.26	7.76	0.07	0.30	-0.25	2.68	-0.02	441	-0.09
Net Nonoperating Obligations (NNO)	-38	-53	-70	-67	-87	-100	-111	-114	-72	-66	-92
Total Depreciation and Amortization (D&A)	11	11	12	12	12	13	12	13	14	11	13
Debt-free, Cash-free Net Working Capital to Revenue	10.84%	11.84%	11.89%	13.24%	10.40%	10.13%	10.06%	10.40%	8.71%	10.22%	8.07%
Debt-free Net Working Capital to Revenue	38.72%	27.41%	29.29%	24.47%	24.65%	26.88%	28.80%	29.40%	19.95%	19.87%	20.62%
Net Working Capital to Revenue	32.61%	21.67%	23.96%	24.47%	24.65%	26.88%	28.80%	29.40%	19.95%	19.87%	20.62%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.01	$0.15	$0.02	($0.14)	($0.01)	($0.02)	$0.01	($0.12)	$0.00	$0.51	$0.00
Adjusted Weighted Average Basic Shares Outstanding	73.40M	70.60M	75.80M	76.80M	77.50M	76.70M	77.20M	77.90M	77.40M	76.50M	74.20M
Adjusted Diluted Earnings per Share	$0.01	$0.15	$0.02	($0.14)	($0.01)	($0.02)	$0.01	($0.12)	$0.00	$0.49	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	75M	70.60M	79.70M	76.80M	77.50M	76.70M	80.50M	77.90M	79.30M	78.90M	76.10M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	74.33M	75.84M	76.72M	77.54M	76.13M	77.01M	77.74M	78.71M	73.44M	74.11M	74.51M
Normalized Net Operating Profit after Tax (NOPAT)	-6.16	5.53	-0.56	-2.94	2.80	3.22	2.59	-6.72	4.62	6.09	0.49
Normalized NOPAT Margin	-4.32%	3.89%	-0.33%	-2.05%	1.83%	2.41%	1.60%	-4.46%	2.42%	3.31%	0.23%
Pre Tax Income Margin	-6.45%	5.35%	-0.06%	-2.51%	3.08%	3.96%	2.96%	-5.51%	4.08%	0.38%	0.62%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-9.78	6.58	-4.50	-21.00	20.00	23.00	18.00	-48.00	66.00	1.50	7.00
NOPAT to Interest Expense	-6.84	7.71	-2.80	-14.70	-2.13	-9.98	4.24	-33.60	0.85	2,398.71	1.08
EBIT Less CapEx to Interest Expense	-19.67	0.42	-42.50	-59.50	-4.00	-24.00	-9.00	-76.50	14.00	-23.50	-39.00
NOPAT Less CapEx to Interest Expense	-16.73	1.54	-40.80	-53.20	-26.13	-56.98	-22.76	-62.10	-51.15	2,373.71	-44.92
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-3.70%	-9.80%	0.00%	383.33%	-2,183.33%	-169.49%	0.00%	-178.38%	-740.00%	263.49%	0.00%

Key Financial Trends

NerdWallet delivered another quarter of robust top-line growth in Q1 2025, with revenues up nearly 30% year-over-year. The company continues to generate strong cash flows from operations and maintains a pristine balance sheet, though profitability metrics remain stretched by aggressive marketing investments.

Key trends over the past four years include:

Revenue growth of 29.2% year-over-year in Q1 2025, accelerating from 25.2% in Q3 2024.
Operating cash flow of $26.7 million in Q1 2025, up 17.6% from $22.7 million a year ago.
Gross margin remained exceptionally high at 91.3%, consistent with the company’s digital-first business model.
Balance sheet strength: $92.2 million in cash & equivalents and zero net debt as of March 31, 2025.
Valuation multiples contracting: EV/Revenue at 0.79× in Q1 2025 versus 1.32× in Q4 2024, reflecting a more attractive entry point for investors.
SG&A expenses represented only 6.6% of revenue in Q1 2025, in line with historical operating leverage targets.
R&D spending at 8.0% of revenue in Q1 2025, roughly flat with prior quarters as the company invests in product development.
Marketing expense remains the largest cost at 76.3% of revenue in Q1 2025, up from 70.0% in Q4 2024, weighing on margins.
Operating margin was a slim 0.3% in Q1 2025, with net income margin at just 0.1%, underscoring limited profitability.
Free cash flow to the firm was negative $11.5 million in Q1 2025, reflecting continued heavy investment and marketing outlays.

07/20/25 12:28 PMAI Generated. May Contain Errors.

Frequently Asked Questions About NerdWallet's Financials

When does NerdWallet's fiscal year end?

According to the most recent income statement we have on file, NerdWallet's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has NerdWallet's net income changed over the last 5 years?

NerdWallet's net income appears to be on a downward trend, with a most recent value of $30.40 million in 2024, rising from $24.20 million in 2019. The previous period was -$11.80 million in 2023. See where experts think NerdWallet is headed by visiting NerdWallet's forecast page.

What is NerdWallet's operating income?

NerdWallet's total operating income in 2024 was $9.40 million, based on the following breakdown:

Total Gross Profit: $624.10 million
Total Operating Expenses: $614.70 million

How has NerdWallet's revenue changed over the last 5 years?

Over the last 5 years, NerdWallet's total revenue changed from $228.30 million in 2019 to $687.60 million in 2024, a change of 201.2%.

How much debt does NerdWallet have?

NerdWallet's total liabilities were at $73.40 million at the end of 2024, a 42.0% increase from 2023, and a 29.2% decrease since 2020.

How much cash does NerdWallet have?

In the past 4 years, NerdWallet's cash and equivalents has ranged from $66.30 million in 2024 to $167.80 million in 2021, and is currently $66.30 million as of their latest financial filing in 2024.

How has NerdWallet's book value per share changed over the last 5 years?

Over the last 5 years, NerdWallet's book value per share changed from 0.00 in 2019 to 4.96 in 2024, a change of 495.9%.

Related Companies

This page (NASDAQ:NRDS) was last updated on 7/20/2025 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

NerdWallet (NRDS) Financials

Key Financial Trends

Frequently Asked Questions About NerdWallet's Financials

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

NerdWallet (NRDS) Financials

Annual Income Statements for NerdWallet

Quarterly Income Statements for NerdWallet

Annual Cash Flow Statements for NerdWallet

Quarterly Cash Flow Statements for NerdWallet

Annual Balance Sheets for NerdWallet

Quarterly Balance Sheets for NerdWallet

Annual Metrics And Ratios for NerdWallet

Quarterly Metrics And Ratios for NerdWallet

Key Financial Trends

Frequently Asked Questions About NerdWallet's Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools