NerdWallet (NRDS) Financials

$9.08 +0.05 (+0.55%)

Closing price 05/2/2025 04:00 PM Eastern

Extended Trading

$8.64 -0.44 (-4.89%)

As of 04:00 AM 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	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-10	-12	30
Consolidated Net Income / (Loss)	-10	-12	30
Net Income / (Loss) Continuing Operations	-10	-12	30
Total Pre-Tax Income	-20	6.30	5.00
Total Operating Income	-19	3.60	9.40
Total Gross Profit	499	545	624
Total Revenue	539	599	688
Operating Revenue	539	599	688
Total Cost of Revenue	40	54	64
Operating Cost of Revenue	40	54	64
Total Operating Expenses	518	542	615
Selling, General & Admin Expense	58	60	62
Marketing Expense	376	402	471
Research & Development Expense	78	81	83
Other Operating Expenses / (Income)	6.70	0.00	0.00
Total Other Income / (Expense), net	-1.00	2.70	-4.40
Interest Expense	2.50	0.80	0.70
Interest & Investment Income	1.50	3.60	4.80
Other Income / (Expense), net	0.00	-0.10	-8.50
Income Tax Expense	-9.80	18	-25
Basic Earnings per Share	($0.14)	($0.15)	$0.40
Weighted Average Basic Shares Outstanding	70.60M	76.70M	76.50M
Diluted Earnings per Share	($0.14)	($0.15)	$0.38
Weighted Average Diluted Shares Outstanding	70.60M	76.70M	78.90M
Weighted Average Basic & Diluted Shares Outstanding	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
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
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
Consolidated Net Income / (Loss)	0.70	8.90	1.70	-11	-0.50	-2.30	1.10	-9.40	0.10	39
Net Income / (Loss) Continuing Operations	0.70	8.90	1.70	-11	-0.50	-2.30	1.10	-9.40	0.10	39
Total Pre-Tax Income	-9.20	7.60	-0.10	-3.60	4.70	5.30	4.80	-8.30	7.80	0.70
Total Operating Income	-8.80	7.90	-0.80	-4.20	4.00	4.60	3.70	-9.60	6.60	8.70
Total Gross Profit	131	130	156	130	140	120	148	136	174	167
Total Revenue	143	142	170	143	153	134	162	151	191	184
Operating Revenue	143	142	170	143	153	134	162	151	191	184
Total Cost of Revenue	12	12	14	13	13	14	14	15	18	17
Operating Cost of Revenue	12	12	14	13	13	14	14	15	18	17
Total Operating Expenses	140	122	157	134	136	115	144	145	167	158
Selling, General & Admin Expense	15	14	15	16	14	15	15	17	16	14
Marketing Expense	103	88	122	99	101	80	108	106	128	129
Research & Development Expense	21	19	20	20	21	20	21	23	23	16
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
Interest Expense	0.90	1.20	0.20	0.20	0.20	0.20	0.20	0.20	0.10	0.20
Interest & Investment Income	0.50	0.90	1.00	0.80	0.90	0.90	1.40	1.50	1.30	0.60
Other Income / (Expense), net	0.00	-	-0.10	0.00	0.00	-	-0.10	0.00	0.00	-8.40
Income Tax Expense	-9.90	-1.30	-1.80	7.10	5.20	7.60	3.70	1.10	7.70	-38
Basic Earnings per Share	$0.01	$0.15	$0.02	($0.14)	($0.01)	($0.02)	$0.01	($0.12)	$0.00	$0.51
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
Diluted Earnings per Share	$0.01	$0.15	$0.02	($0.14)	($0.01)	($0.02)	$0.01	($0.12)	$0.00	$0.49
Weighted Average Diluted Shares Outstanding	75M	70.60M	79.70M	76.80M	77.50M	76.70M	80.50M	77.90M	79.30M	78.90M
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

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	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-84	17	-34
Net Cash From Operating Activities	25	72	72
Net Cash From Continuing Operating Activities	25	73	72
Net Income / (Loss) Continuing Operations	-10	-12	30
Consolidated Net Income / (Loss)	-10	-12	30
Depreciation Expense	37	48	48
Non-Cash Adjustments To Reconcile Net Income	27	28	49
Changes in Operating Assets and Liabilities, net	-29	5.70	-56
Net Cash From Investing Activities	-100	-30	-30
Net Cash From Continuing Investing Activities	-100	-30	-30
Purchase of Property, Plant & Equipment	-32	-30	-21
Acquisitions	-68	0.00	-0.30
Purchase of Investments	0.00	0.00	-8.10
Net Cash From Financing Activities	-8.40	-26	-77
Net Cash From Continuing Financing Activities	-8.40	-26	-77
Repayment of Debt	-70	-8.90	-2.00
Repurchase of Common Equity	-1.00	-20	-80
Issuance of Debt	70	7.50	0.00
Issuance of Common Equity	4.50	3.00	1.40
Other Financing Activities, net	-12	-7.80	4.20
Cash Interest Paid	1.90	0.30	0.30
Cash Income Taxes Paid	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
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
Net Change in Cash & Equivalents	13	-55	17	-34	20	14	11	2.90	-42	-5.40
Net Cash From Operating Activities	19	20	16	-10	36	30	23	10	29	9.90
Net Cash From Continuing Operating Activities	19	20	17	-10	37	30	23	10	29	9.70
Net Income / (Loss) Continuing Operations	0.70	8.90	1.70	-11	-0.50	-2.30	1.10	-9.40	0.10	39
Consolidated Net Income / (Loss)	0.70	8.90	1.70	-11	-0.50	-2.30	1.10	-9.40	0.10	39
Depreciation Expense	11	11	12	12	12	12	12	12	13	11
Non-Cash Adjustments To Reconcile Net Income	10	10	10	-1.50	8.00	11	8.90	10	10	19
Changes in Operating Assets and Liabilities, net	-2.40	-10	-7.60	-9.40	15	7.90	0.40	-3.50	5.20	-58
Net Cash From Investing Activities	-78	-6.00	-7.60	-7.70	-4.80	-9.40	-14	-5.70	-5.20	-5.30
Net Cash From Continuing Investing Activities	-78	-6.00	-7.60	-7.70	-4.80	-9.40	-14	-5.70	-5.20	-5.30
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
Net Cash From Financing Activities	72	-69	8.10	-16	-12	-6.40	1.30	-1.70	-66	-10
Net Cash From Continuing Financing Activities	72	-69	8.10	-16	-12	-6.40	1.30	-1.70	-66	-10
Repayment of Debt	-	-70	-7.50	-	-1.10	-0.30	0.00	-	-	-2.00
Repurchase of Common Equity	-	-1.00	-	-	-11	-7.90	-	-	-69	-10
Issuance of Common Equity	-	1.30	-	-	-	1.10	-	-	-	1.40
Other Financing Activities, net	1.80	1.00	8.10	-17	0.10	0.70	1.30	-0.60	2.80	0.70
Cash Income Taxes Paid	1.10	0.90	0.30	8.00	3.40	1.80	0.20	7.10	2.90	5.80

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	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Total Assets	426	419	438
Total Current Assets	189	198	197
Cash & Equivalents	84	100	66
Accounts Receivable	87	76	102
Prepaid Expenses	18	23	28
Plant, Property, & Equipment, net	49	53	43
Total Noncurrent Assets	187	168	198
Goodwill	111	112	112
Intangible Assets	64	47	33
Noncurrent Deferred & Refundable Income Taxes	-	0.00	46
Other Noncurrent Operating Assets	12	9.20	6.60
Total Liabilities & Shareholders' Equity	426	419	438
Total Liabilities	84	52	73
Total Current Liabilities	72	37	60
Accounts Payable	3.60	1.70	8.90
Accrued Expenses	38	36	51
Total Noncurrent Liabilities	12	14	13
Other Noncurrent Operating Liabilities	12	14	13
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	342	367	364
Total Preferred & Common Equity	342	367	364
Preferred Stock	0.00	0.00	0.00
Total Common Equity	342	367	364
Common Stock	427	484	531
Retained Earnings	-85	-117	-167
Accumulated Other Comprehensive Income / (Loss)	-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	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024
Total Assets	485	452	411	421	446	446	402
Total Current Assets	247	219	181	195	224	230	194
Cash & Equivalents	138	101	67	87	111	114	72
Accounts Receivable	87	98	92	84	94	94	103
Prepaid Expenses	21	21	22	24	19	23	19
Plant, Property, & Equipment, net	47	51	53	53	51	49	45
Total Noncurrent Assets	192	183	177	173	171	167	163
Goodwill	111	111	112	111	112	112	112
Intangible Assets	68	60	55	51	44	40	37
Other Noncurrent Operating Assets	13	12	11	11	16	16	15
Total Liabilities & Shareholders' Equity	485	452	411	421	446	446	402
Total Liabilities	167	90	46	57	67	67	80
Total Current Liabilities	85	80	35	45	54	54	67
Accounts Payable	5.80	12	1.60	13	15	10	12
Accrued Expenses	49	37	33	32	39	44	54
Total Noncurrent Liabilities	82	10	11	12	14	13	14
Other Noncurrent Operating Liabilities	11	10	11	12	14	13	14
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	319	362	365	364	379	379	322
Total Preferred & Common Equity	319	362	365	364	379	379	322
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	319	362	365	364	379	379	322
Common Stock	414	446	461	471	495	506	519
Retained Earnings	-94	-83	-95	-106	-115	-126	-197
Accumulated Other Comprehensive Income / (Loss)	-1.90	-0.70	-0.50	-0.70	-0.40	-0.30	0.00

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

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-
Revenue Growth	41.97%	11.23%	14.71%
EBITDA Growth	293.55%	202.78%	-9.54%
EBIT Growth	47.80%	118.42%	-74.29%
NOPAT Growth	51.28%	49.30%	947.59%
Net Income Growth	76.00%	-15.69%	357.63%
EPS Growth	82.93%	-7.14%	353.33%
Operating Cash Flow Growth	247.22%	188.40%	-0.42%
Free Cash Flow Firm Growth	-268.56%	108.51%	66.60%
Invested Capital Growth	139.98%	-7.69%	11.78%
Revenue Q/Q Growth	8.56%	-1.37%	7.86%
EBITDA Q/Q Growth	1,000.00%	0.55%	-13.20%
EBIT Q/Q Growth	45.40%	-48.53%	-82.69%
NOPAT Q/Q Growth	47.66%	-1,300.69%	1,085.91%
Net Income Q/Q Growth	62.22%	-1,866.67%	389.52%
EPS Q/Q Growth	65.00%	-850.00%	392.31%
Operating Cash Flow Q/Q Growth	83.82%	15.18%	-21.53%
Free Cash Flow Firm Q/Q Growth	0.00%	539.09%	22.03%
Invested Capital Q/Q Growth	2.92%	-4.00%	18.83%
Profitability Metrics	-	-	-
Gross Margin	92.61%	90.99%	90.77%
EBITDA Margin	3.34%	9.09%	7.17%
Operating Margin	-3.53%	0.60%	1.37%
EBIT Margin	-3.53%	0.58%	0.13%
Profit (Net Income) Margin	-1.89%	-1.97%	4.42%
Tax Burden Percent	51.00%	-187.30%	608.00%
Interest Burden Percent	105.26%	180.00%	555.56%
Effective Tax Rate	0.00%	287.30%	-508.00%
Return on Invested Capital (ROIC)	-6.50%	-2.43%	20.25%
ROIC Less NNEP Spread (ROIC-NNEP)	-9.76%	4.16%	52.35%
Return on Net Nonoperating Assets (RNNOA)	3.10%	-0.90%	-11.94%
Return on Equity (ROE)	-3.40%	-3.33%	8.32%
Cash Return on Invested Capital (CROIC)	-88.85%	5.57%	9.13%
Operating Return on Assets (OROA)	-4.81%	0.83%	0.21%
Return on Assets (ROA)	-2.58%	-2.80%	7.10%
Return on Common Equity (ROCE)	-3.40%	-3.33%	8.32%
Return on Equity Simple (ROE_SIMPLE)	-2.99%	-3.22%	8.35%
Net Operating Profit after Tax (NOPAT)	-13	-6.74	57
NOPAT Margin	-2.47%	-1.12%	8.31%
Net Nonoperating Expense Percent (NNEP)	3.26%	-6.59%	-32.10%
Return On Investment Capital (ROIC_SIMPLE)	-3.57%	-1.84%	15.69%
Cost of Revenue to Revenue	7.39%	9.01%	9.24%
SG&A Expenses to Revenue	10.80%	9.98%	8.96%
R&D to Revenue	14.40%	13.43%	12.00%
Operating Expenses to Revenue	96.14%	90.39%	89.40%
Earnings before Interest and Taxes (EBIT)	-19	3.50	0.90
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	18	55	49
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	2.09	3.05	2.68
Price to Tangible Book Value (P/TBV)	4.29	5.37	4.47
Price to Revenue (P/Rev)	1.32	1.87	1.42
Price to Earnings (P/E)	0.00	0.00	32.13
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	3.11%
Enterprise Value to Invested Capital (EV/IC)	2.29	3.83	3.06
Enterprise Value to Revenue (EV/Rev)	1.23	1.70	1.32
Enterprise Value to EBITDA (EV/EBITDA)	36.70	18.72	18.47
Enterprise Value to EBIT (EV/EBIT)	0.00	291.48	1,011.60
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	15.93
Enterprise Value to Operating Cash Flow (EV/OCF)	26.42	14.15	12.68
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	66.00	35.35
Leverage & Solvency	-	-	-
Debt to Equity	0.09	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00
Financial Leverage	-0.32	-0.22	-0.23
Leverage Ratio	1.32	1.19	1.17
Compound Leverage Factor	1.39	2.14	6.51
Debt to Total Capital	8.29%	0.00%	0.00%
Short-Term Debt to Total Capital	8.29%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	91.71%	100.00%	100.00%
Debt to EBITDA	1.72	0.00	0.00
Net Debt to EBITDA	-2.94	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00
Debt to NOPAT	-2.32	0.00	0.00
Net Debt to NOPAT	3.99	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00
Altman Z-Score	6.27	14.54	9.40
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	2.61	5.32	3.27
Quick Ratio	2.36	4.72	2.80
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	-182	15	26
Operating Cash Flow to CapEx	77.64%	244.41%	337.09%
Free Cash Flow to Firm to Interest Expense	-72.68	19.32	36.79
Operating Cash Flow to Interest Expense	10.00	90.13	102.57
Operating Cash Flow Less CapEx to Interest Expense	-2.88	53.25	72.14
Efficiency Ratios	-	-	-
Asset Turnover	1.36	1.42	1.61
Accounts Receivable Turnover	7.45	7.38	7.74
Inventory Turnover	0.00	0.00	0.00
Fixed Asset Turnover	12.83	11.79	14.38
Accounts Payable Turnover	11.71	20.38	11.98
Days Sales Outstanding (DSO)	48.97	49.48	47.16
Days Inventory Outstanding (DIO)	0.00	0.00	0.00
Days Payable Outstanding (DPO)	31.18	17.91	30.46
Cash Conversion Cycle (CCC)	17.79	31.56	16.70
Capital & Investment Metrics	-	-	-
Invested Capital	289	267	298
Invested Capital Turnover	2.64	2.16	2.44
Increase / (Decrease) in Invested Capital	168	-22	31
Enterprise Value (EV)	661	1,020	910
Market Capitalization	714	1,121	977
Book Value per Share	$4.60	$4.82	$4.96
Tangible Book Value per Share	$2.24	$2.74	$2.98
Total Capital	373	367	364
Total Debt	31	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00
Net Debt	-53	-100	-66
Capital Expenditures (CapEx)	32	30	21
Debt-free, Cash-free Net Working Capital (DFCFNWC)	64	61	70
Debt-free Net Working Capital (DFNWC)	148	161	137
Net Working Capital (NWC)	117	161	137
Net Nonoperating Expense (NNE)	-3.10	5.06	27
Net Nonoperating Obligations (NNO)	-53	-100	-66
Total Depreciation and Amortization (D&A)	37	51	48
Debt-free, Cash-free Net Working Capital to Revenue	11.84%	10.13%	10.22%
Debt-free Net Working Capital to Revenue	27.41%	26.88%	19.87%
Net Working Capital to Revenue	21.67%	26.88%	19.87%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	($0.14)	($0.15)	$0.40
Adjusted Weighted Average Basic Shares Outstanding	70.60M	76.70M	76.50M
Adjusted Diluted Earnings per Share	($0.14)	($0.15)	$0.38
Adjusted Weighted Average Diluted Shares Outstanding	70.60M	76.70M	78.90M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	75.84M	77.01M	74.11M
Normalized Net Operating Profit after Tax (NOPAT)	-13	2.52	6.58
Normalized NOPAT Margin	-2.47%	0.42%	0.96%
Pre Tax Income Margin	-3.71%	1.05%	0.73%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	-7.60	4.38	1.29
NOPAT to Interest Expense	-5.32	-8.43	81.65
EBIT Less CapEx to Interest Expense	-20.48	-32.50	-29.14
NOPAT Less CapEx to Interest Expense	-18.20	-45.30	51.22
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%
Augmented Payout Ratio	-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
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
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	44.77%	42.71%	31.37%	14.46%	7.15%	-5.85%	-4.54%	5.09%	25.20%	37.47%
EBITDA Growth	-84.96%	2,857.14%	705.26%	671.43%	705.00%	-9.33%	39.13%	-60.00%	24.84%	-33.14%
EBIT Growth	-241.94%	200.00%	90.11%	53.33%	145.45%	-41.77%	500.00%	-128.57%	65.00%	-93.48%
NOPAT Growth	27.29%	240.60%	91.21%	53.33%	93.09%	-121.58%	251.41%	-128.57%	119.88%	24,132.49%
Net Income Growth	108.97%	212.66%	116.19%	-15.05%	-171.43%	-125.84%	-35.29%	12.15%	120.00%	1,778.26%
EPS Growth	106.25%	236.36%	112.50%	0.00%	-200.00%	-113.33%	-50.00%	14.29%	100.00%	2,550.00%
Operating Cash Flow Growth	16.27%	131.03%	925.00%	37.50%	87.05%	47.26%	38.41%	202.00%	-19.67%	-66.55%
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%
Invested Capital Growth	0.00%	139.98%	134.84%	77.74%	-1.03%	-7.69%	-8.26%	-10.84%	-9.69%	11.78%
Revenue Q/Q Growth	13.90%	-0.42%	19.44%	-15.51%	6.63%	-12.50%	21.09%	-6.98%	27.03%	-3.92%
EBITDA Q/Q Growth	242.86%	865.00%	-40.41%	-30.43%	101.25%	8.70%	-8.57%	-80.00%	528.13%	-41.79%
EBIT Q/Q Growth	2.22%	189.77%	-111.39%	-366.67%	195.24%	15.00%	-21.74%	-366.67%	168.75%	-95.45%
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%
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%
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%
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%
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%
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%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	91.80%	91.41%	91.86%	90.86%	91.30%	89.68%	91.23%	90.11%	90.75%	90.91%
EBITDA Margin	1.40%	13.59%	6.78%	5.58%	10.54%	13.09%	9.88%	2.12%	10.51%	6.37%
Operating Margin	-6.17%	5.56%	-0.47%	-2.93%	2.62%	3.44%	2.29%	-6.37%	3.45%	4.73%
EBIT Margin	-6.17%	5.56%	-0.53%	-2.93%	2.62%	3.44%	2.22%	-6.37%	3.45%	0.16%
Profit (Net Income) Margin	0.49%	6.27%	1.00%	-7.47%	-0.33%	-1.72%	0.68%	-6.24%	0.05%	21.00%
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%
Interest Burden Percent	104.55%	96.20%	11.11%	85.71%	117.50%	115.22%	133.33%	86.46%	118.18%	233.33%
Effective Tax Rate	0.00%	-17.11%	0.00%	0.00%	110.64%	143.40%	77.08%	0.00%	98.72%	-5,414.29%
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%
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%
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%
Return on Equity (ROE)	-9.15%	11.60%	0.11%	-6.37%	-0.52%	-2.61%	0.91%	-7.90%	0.09%	370.29%
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%
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%
Return on Assets (ROA)	0.50%	8.55%	1.40%	-11.79%	-0.44%	-2.44%	0.90%	-8.73%	0.08%	33.73%
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%
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%
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
NOPAT Margin	-4.32%	6.52%	-0.33%	-2.05%	-0.28%	-1.49%	0.52%	-4.46%	0.04%	261.01%
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%
Return On Investment Capital (ROIC_SIMPLE)	-	2.48%	-	-	-	-0.54%	-	-	-	131.73%
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%
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%
R&D to Revenue	14.52%	13.66%	11.50%	13.96%	13.55%	15.18%	12.79%	15.07%	12.02%	8.76%
Operating Expenses to Revenue	97.97%	85.85%	92.33%	93.79%	88.68%	86.24%	88.94%	96.48%	87.30%	86.18%
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
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	2.00	19	12	8.00	16	18	16	3.20	20	12
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
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
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
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
Dividend Yield	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%
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
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
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
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
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
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
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
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
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
Financial Leverage	-0.12	-0.32	-0.33	-0.26	-0.18	-0.22	-0.24	-0.24	-0.23	-0.23
Leverage Ratio	1.52	1.32	1.34	1.20	1.33	1.19	1.21	1.15	1.20	1.17
Compound Leverage Factor	1.59	1.27	0.15	1.03	1.56	1.37	1.62	1.00	1.42	2.73
Debt to Total Capital	23.94%	8.29%	7.87%	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%
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%
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%
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%
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%
Debt to EBITDA	-50.15	1.72	1.01	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
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
Debt to NOPAT	-3.95	-2.32	-4.13	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
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
Altman Z-Score	3.45	6.48	9.54	11.02	8.86	14.55	11.41	11.54	8.84	9.40
Noncontrolling Interest Sharing Ratio	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
Quick Ratio	2.66	2.36	2.48	4.56	3.80	4.72	3.81	3.85	2.62	2.80
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-287	-159	-168	-133	2.47	20	25	26	27	448
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%
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
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
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
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.02	1.36	1.40	1.58	1.34	1.42	1.32	1.40	1.55	1.61
Accounts Receivable Turnover	5.69	7.45	6.82	7.09	7.08	7.38	6.18	6.44	6.81	7.74
Inventory Turnover	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
Accounts Payable Turnover	6.00	11.71	5.34	13.03	5.55	20.38	3.99	9.61	4.75	11.98
Days Sales Outstanding (DSO)	64.12	48.97	53.55	51.47	51.53	49.48	59.03	56.70	53.59	47.16
Days Inventory Outstanding (DIO)	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
Cash Conversion Cycle (CCC)	3.28	17.79	-14.84	23.44	-14.29	31.56	-32.55	18.71	-23.20	16.70
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	281	289	292	298	278	267	268	266	251	298
Invested Capital Turnover	3.54	2.64	2.78	2.57	2.18	2.16	2.11	2.13	2.41	2.44
Increase / (Decrease) in Invested Capital	281	168	168	130	-2.90	-22	-24	-32	-27	31
Enterprise Value (EV)	616	661	1,157	655	603	1,020	1,008	1,021	929	910
Market Capitalization	654	714	1,227	722	689	1,121	1,119	1,135	1,000	977
Book Value per Share	$4.32	$4.60	$4.77	$4.76	$4.70	$4.82	$4.91	$4.88	$4.10	$4.96
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
Total Capital	419	373	393	365	364	367	379	379	322	364
Total Debt	100	31	31	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
Net Debt	-38	-53	-70	-67	-87	-100	-111	-114	-72	-66
Capital Expenditures (CapEx)	8.90	7.40	7.60	7.70	4.80	9.40	5.40	5.70	5.20	5.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)	54	64	69	79	63	61	60	62	56	70
Debt-free Net Working Capital (DFNWC)	192	148	170	146	150	161	170	176	127	137
Net Working Capital (NWC)	162	117	139	146	150	161	170	176	127	137
Net Nonoperating Expense (NNE)	-6.86	0.35	-2.26	7.76	0.07	0.30	-0.25	2.68	-0.02	441
Net Nonoperating Obligations (NNO)	-38	-53	-70	-67	-87	-100	-111	-114	-72	-66
Total Depreciation and Amortization (D&A)	11	11	12	12	12	13	12	13	14	11
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%
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%
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%
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
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
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
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
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
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
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
Normalized NOPAT Margin	-4.32%	3.89%	-0.33%	-2.05%	1.83%	2.41%	1.60%	-4.46%	2.42%	3.31%
Pre Tax Income Margin	-6.45%	5.35%	-0.06%	-2.51%	3.08%	3.96%	2.96%	-5.51%	4.08%	0.38%
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
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
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
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
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%
Augmented Payout Ratio	-3.70%	-9.80%	0.00%	383.33%	-2,183.33%	-169.49%	0.00%	-178.38%	-740.00%	263.49%

Frequently Asked Questions About NerdWallet's Financials

When does NerdWallet's financial year end?

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

How has NerdWallet's net income changed over the last 2 years?

NerdWallet's net income appears to be on an upward trend, with a most recent value of $30.40 million in 2024, falling from -$10.20 million in 2022. The previous period was -$11.80 million in 2023. See NerdWallet's forecast for analyst expectations on what’s next for the company.

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 revenue changed over the last 2 years?

Over the last 2 years, NerdWallet's total revenue changed from $538.90 million in 2022 to $687.60 million in 2024, a change of 27.6%.

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 12.6% decrease since 2022.

How much cash does NerdWallet have?

In the past 2 years, NerdWallet's cash and equivalents has ranged from $66.30 million in 2024 to $100.40 million in 2023, 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 2 years?

Over the last 2 years, NerdWallet's book value per share changed from 4.60 in 2022 to 4.96 in 2024, a change of 7.9%.

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This page (NASDAQ:NRDS) was last updated on 5/5/2025 by MarketBeat.com Staff

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NerdWallet (NRDS) Financials

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NerdWallet (NRDS) Financials

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