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NerdWallet (NRDS) Financials

NerdWallet logo
$8.50 0.00 (0.00%)
Closing price 06/12/2026 04:00 PM Eastern
Extended Trading
$8.45 -0.05 (-0.60%)
As of 06/12/2026 06:27 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for NerdWallet

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 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 24 5.30 -43 -10 -12 30 49
Consolidated Net Income / (Loss)		 24 5.30 -43 -10 -12 30 49
Net Income / (Loss) Continuing Operations		 24 5.30 -43 -10 -12 30 49
Total Pre-Tax Income 		28 0.90 -38 -20 6.30 5.00 68
Total Operating Income		 28 1.90 -39 -19 3.60 9.40 65
Total Gross Profit		 212 224 351 499 545 624 773
Total Revenue		 228 245 380 539 599 688 837
Operating Revenue		 228 245 380 539 599 688 837
Total Cost of Revenue		 16 21 29 40 54 64 64
Operating Cost of Revenue		 16 21 29 40 54 64 64
Total Operating Expenses		 184 222 390 518 542 615 708
Selling, General & Admin Expense		 22 28 39 58 60 62 56
Marketing Expense		 116 144 271 376 402 471 585
Research & Development Expense		 46 51 62 78 81 83 67
Total Other Income / (Expense), net		 -0.50 -1.00 1.30 -1.00 2.70 -4.40 3.00
Interest Expense		 1.10 1.10 1.30 2.50 0.80 0.70 0.60
Interest & Investment Income		 1.10 0.20 0.00 1.50 3.60 4.80 3.20
Other Income / (Expense), net		 -0.50 -0.10 2.60 0.00 -0.10 -8.50 0.40
Income Tax Expense		 3.70 -4.40 4.80 -9.80 18 -25 20
Basic Earnings per Share		 $0.57 $0.12 ($0.82) ($0.14) ($0.15) $0.40 $0.66
Weighted Average Basic Shares Outstanding		 42.10M 44.30M 51.90M 70.60M 76.70M 76.50M 74.30M
Diluted Earnings per Share		 $0.45 $0.09 ($0.82) ($0.14) ($0.15) $0.38 $0.64
Weighted Average Diluted Shares Outstanding		 54.30M 56.30M 51.90M 70.60M 76.70M 78.90M 75.90M
Weighted Average Basic & Diluted Shares Outstanding		 - - 67.07M 75.84M 77.01M 74.11M 66.79M

Quarterly Income Statements for NerdWallet

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 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 -0.50 -2.30 1.10 -9.40 0.10 39 0.20 8.20 26 14 20
Consolidated Net Income / (Loss)		 -0.50 -2.30 1.10 -9.40 0.10 39 0.20 8.20 26 14 20
Net Income / (Loss) Continuing Operations		 -0.50 -2.30 1.10 -9.40 0.10 39 0.20 8.20 26 14 20
Total Pre-Tax Income 		4.70 5.30 4.80 -8.30 7.80 0.70 1.30 12 36 20 28
Total Operating Income		 4.00 4.60 3.70 -9.60 6.60 8.70 0.70 11 34 19 27
Total Gross Profit		 140 120 148 136 174 167 191 170 200 212 209
Total Revenue		 153 134 162 151 191 184 209 187 215 225 222
Operating Revenue		 153 134 162 151 191 184 209 187 215 225 222
Total Cost of Revenue		 13 14 14 15 18 17 18 17 15 14 14
Operating Cost of Revenue		 13 14 14 15 18 17 18 17 15 14 14
Total Operating Expenses		 136 115 144 145 167 158 190 160 165 192 181
Selling, General & Admin Expense		 14 15 15 17 16 14 14 14 14 14 16
Marketing Expense		 101 80 108 106 128 129 160 128 135 162 149
Research & Development Expense		 21 20 21 23 23 16 17 18 16 16 17
Total Other Income / (Expense), net		 0.70 0.70 1.10 1.30 1.20 -8.00 0.60 0.80 1.10 0.50 0.80
Interest Expense		 0.20 0.20 0.20 0.20 0.10 0.20 0.10 0.20 0.20 0.10 0.20
Interest & Investment Income		 0.90 0.90 1.40 1.50 1.30 0.60 0.70 0.80 1.00 0.70 0.90
Other Income / (Expense), net		 0.00 - -0.10 0.00 0.00 -8.40 0.00 0.20 0.30 -0.10 0.10
Income Tax Expense		 5.20 7.60 3.70 1.10 7.70 -38 1.10 3.30 9.20 5.90 7.60
Basic Earnings per Share		 ($0.01) ($0.02) $0.01 ($0.12) $0.00 $0.51 $0.00 $0.11 $0.35 $0.20 $0.30
Weighted Average Basic Shares Outstanding		 77.50M 76.70M 77.20M 77.90M 77.40M 76.50M 74.20M 74.80M 75.70M 74.30M 68.20M
Diluted Earnings per Share		 ($0.01) ($0.02) $0.01 ($0.12) $0.00 $0.49 $0.00 $0.11 $0.34 $0.19 $0.29
Weighted Average Diluted Shares Outstanding		 77.50M 76.70M 80.50M 77.90M 79.30M 78.90M 76.10M 76.60M 76.90M 75.90M 69.50M
Weighted Average Basic & Diluted Shares Outstanding		 76.13M 77.01M 77.74M 78.71M 73.44M 74.11M 74.51M 76.00M 72.71M 66.79M 65.80M

Annual Cash Flow Statements for NerdWallet

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 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 15 16 84 -84 17 -34 32
Net Cash From Operating Activities		 31 15 7.20 25 72 72 132
Net Cash From Continuing Operating Activities		 31 15 7.20 25 72 72 132
Net Income / (Loss) Continuing Operations		 24 5.30 -43 -10 -12 30 49
Consolidated Net Income / (Loss)		 24 5.30 -43 -10 -12 30 49
Depreciation Expense		 9.40 15 27 37 48 48 46
Amortization Expense		 -0.40 - - - 2.80 2.20 2.20
Non-Cash Adjustments To Reconcile Net Income		 13 13 24 27 28 46 30
Changes in Operating Assets and Liabilities, net		 -15 -18 -1.10 -29 5.20 -56 3.90
Net Cash From Investing Activities		 -15 -55 -23 -100 -30 -30 -33
Net Cash From Continuing Investing Activities		 -15 -55 -23 -100 -30 -30 -33
Purchase of Property, Plant & Equipment		 -15 -19 -23 -32 -30 -21 -18
Acquisitions		 0.00 -37 0.00 -68 0.00 -0.30 -13
Purchase of Investments		 - - - 0.00 0.00 -8.10 -2.00
Net Cash From Financing Activities		 -1.40 56 100 -8.40 -26 -77 -66
Net Cash From Continuing Financing Activities		 -1.40 56 100 -8.40 -26 -77 -66
Repayment of Debt		 0.00 -10 -29 -70 -8.90 -2.00 4.40
Repurchase of Common Equity		 -3.10 -1.60 -18 -1.00 -20 -80 -70
Issuance of Debt		 0.00 5.00 0.00 70 7.50 0.00 0.00
Issuance of Common Equity		 0.00 54 140 4.50 3.00 1.40 2.10
Other Financing Activities, net		 1.70 8.00 9.10 -12 -7.80 4.20 -2.40
Effect of Exchange Rate Changes		 - - 0.00 -0.20 0.10 0.30 -0.20
Cash Interest Paid		 1.50 1.40 2.50 1.90 0.30 0.30 0.30
Cash Income Taxes Paid		 1.50 1.20 0.30 4.00 14 16 15

Quarterly Cash Flow Statements for NerdWallet

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 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 20 14 11 2.90 -42 -5.40 26 13 15 -22 -42
Net Cash From Operating Activities		 36 30 23 10 29 9.90 27 18 49 39 36
Net Cash From Continuing Operating Activities		 37 30 23 10 29 9.70 27 18 49 39 36
Net Income / (Loss) Continuing Operations		 -0.50 -2.30 1.10 -9.40 0.10 39 0.20 8.20 26 14 20
Consolidated Net Income / (Loss)		 -0.50 -2.30 1.10 -9.40 0.10 39 0.20 8.20 26 14 20
Depreciation Expense		 12 12 12 12 13 11 13 13 12 9.50 9.70
Non-Cash Adjustments To Reconcile Net Income		 8.00 11 8.90 10 10 19 8.00 8.60 7.20 7.20 7.60
Changes in Operating Assets and Liabilities, net		 15 7.90 0.30 -3.50 5.20 -58 5.90 -13 2.90 7.80 -2.00
Net Cash From Investing Activities		 -4.80 -9.40 -14 -5.70 -5.20 -5.30 -4.60 -9.40 -6.40 -13 -20
Net Cash From Continuing Investing Activities		 -4.80 -9.40 -14 -5.70 -5.20 -5.30 -4.60 -9.40 -6.40 -13 -20
Purchase of Property, Plant & Equipment		 -4.80 -9.40 -5.40 -5.70 -5.20 -5.00 -4.60 -4.40 -4.40 -4.80 -4.20
Acquisitions		 - - - - - - 0.00 - - -8.10 -16
Purchase of Investments		 - - -8.10 - - - 0.00 - -2.00 - -2.00
Other Investing Activities, net		 - - - - - - 0.00 - - - 2.30
Net Cash From Financing Activities		 -12 -6.40 1.30 -1.70 -66 -10 3.80 5.10 -27 -48 -58
Net Cash From Continuing Financing Activities		 -12 -6.40 1.30 -1.70 -66 -10 3.80 5.10 -27 -48 -58
Repurchase of Common Equity		 -11 -7.90 - - -69 -10 0.00 - -19 -51 -66
Issuance of Debt		 - - - - - - 4.30 - - - 8.00
Other Financing Activities, net		 0.10 0.70 1.30 -0.60 2.80 0.70 -0.50 - -2.00 0.10 0.10
Effect of Exchange Rate Changes		 - - - - - - 0.00 - -0.20 0.10 -0.10
Cash Interest Paid		 0.10 - 0.10 0.10 0.10 - 0.10 0.10 - 0.10 0.30
Cash Income Taxes Paid		 3.40 1.80 0.20 7.10 2.90 5.80 2.90 12 0.10 0.60 0.10

Annual Balance Sheets for NerdWallet

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 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 255 364 426 419 438 461
Total Current Assets		 129 243 189 198 197 245
Cash & Equivalents		 83 168 84 100 66 98
Accounts Receivable		 37 58 87 76 102 111
Prepaid Expenses		 8.70 17 18 23 28 35
Plant, Property, & Equipment, net		 28 35 49 53 43 32
Total Noncurrent Assets		 98 86 187 168 198 185
Goodwill		 44 44 111 112 112 124
Intangible Assets		 36 28 64 47 33 22
Noncurrent Deferred & Refundable Income Taxes		 4.10 - - 0.00 46 29
Other Noncurrent Operating Assets		 15 15 12 9.20 6.60 10
Total Liabilities & Shareholders' Equity		 255 364 426 419 438 461
Total Liabilities		 104 107 84 52 73 87
Total Current Liabilities		 24 66 72 37 60 71
Accounts Payable		 24 3.20 3.60 1.70 8.90 5.40
Accrued Expenses		 - 32 38 36 51 66
Total Noncurrent Liabilities		 80 41 12 14 13 16
Other Noncurrent Operating Liabilities		 48 41 12 14 13 16
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 83 258 342 367 364 375
Total Preferred & Common Equity		 83 258 342 367 364 375
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 83 258 342 367 364 375
Common Stock		 100 332 427 484 531 563
Retained Earnings		 -18 -75 -85 -117 -167 -188
Accumulated Other Comprehensive Income / (Loss)		 0.60 0.50 -0.90 -0.30 -0.20 0.10

Quarterly Balance Sheets for NerdWallet

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 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 485 452 411 421 446 446 402 475 476 493 432
Total Current Assets		 247 219 181 195 224 230 194 242 239 275 206
Cash & Equivalents		 138 101 67 87 111 114 72 92 105 121 56
Accounts Receivable		 87 98 92 84 94 94 103 120 98 122 113
Prepaid Expenses		 21 21 22 24 19 23 19 29 36 33 37
Plant, Property, & Equipment, net		 47 51 53 53 51 49 45 39 35 33 31
Total Noncurrent Assets		 192 183 177 173 171 167 163 194 202 185 195
Goodwill		 111 111 112 111 112 112 112 113 116 116 136
Intangible Assets		 68 60 55 51 44 40 37 30 29 25 23
Noncurrent Deferred & Refundable Income Taxes		 - - - - - - - 46 49 34 24
Other Noncurrent Operating Assets		 13 12 11 11 16 16 15 5.80 9.00 11 12
Total Liabilities & Shareholders' Equity		 485 452 411 421 446 446 402 475 476 493 432
Total Liabilities		 167 90 46 57 67 67 80 103 86 90 96
Total Current Liabilities		 85 80 35 45 54 54 67 90 69 74 80
Accounts Payable		 5.80 12 1.60 13 15 10 12 24 12 14 6.60
Accrued Expenses		 49 37 33 32 39 44 54 66 58 61 74
Total Noncurrent Liabilities		 82 10 11 12 14 13 14 13 17 16 16
Other Noncurrent Operating Liabilities		 11 10 11 12 14 13 14 13 17 16 16
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 319 362 365 364 379 379 322 372 390 402 336
Total Preferred & Common Equity		 319 362 365 364 379 379 322 372 390 402 336
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 319 362 365 364 379 379 322 372 390 402 336
Common Stock		 414 446 461 471 495 506 519 538 548 554 570
Retained Earnings		 -94 -83 -95 -106 -115 -126 -197 -166 -158 -151 -234
Accumulated Other Comprehensive Income / (Loss)		 -1.90 -0.70 -0.50 -0.70 -0.40 -0.30 0.00 0.00 0.20 -0.10 -0.10

Annual Metrics And Ratios for NerdWallet

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

Metric 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Growth Metrics		 - - - - - - -
Revenue Growth		 0.00% 7.45% 54.75% 41.97% 11.23% 14.71% 21.67%
EBITDA Growth		 0.00% -54.20% -155.03% 293.55% 202.78% -9.54% 121.75%
EBIT Growth		 0.00% -93.55% -2,122.22% 47.80% 118.42% -74.29% 7,188.89%
NOPAT Growth		 0.00% -54.58% -343.99% 51.28% 49.30% 947.59% -18.54%
Net Income Growth		 0.00% -78.10% -901.89% 76.00% -15.69% 357.63% 60.20%
EPS Growth		 0.00% -80.00% -1,011.11% 82.93% -7.14% 353.33% 68.42%
Operating Cash Flow Growth		 0.00% -50.96% -53.25% 247.22% 188.40% -0.42% 83.29%
Free Cash Flow Firm Growth		 0.00% 0.00% 43.41% -268.56% 108.51% 66.60% 165.06%
Invested Capital Growth		 0.00% 0.00% 22.38% 139.98% -7.69% 11.78% -7.28%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 8.56% -1.37% 7.86% 5.23%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00% 1,000.00% 0.55% -13.20% 20.34%
EBIT Q/Q Growth		 0.00% 0.00% 0.00% 45.40% -48.53% -82.69% 40.77%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% 47.66% -1,300.69% 1,085.91% -42.89%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% 62.22% -1,866.67% 389.52% -33.56%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 65.00% -850.00% 392.31% -31.91%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 0.00% 83.82% 15.18% -21.53% 28.27%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 539.09% 22.03% 35.36%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% 2.92% -4.00% 18.83% -1.99%
Profitability Metrics		 - - - - - - -
Gross Margin		 92.95% 91.32% 92.49% 92.61% 90.99% 90.77% 92.39%
EBITDA Margin		 16.16% 6.89% -2.45% 3.34% 9.09% 7.17% 13.65%
Operating Margin		 12.44% 0.77% -10.27% -3.53% 0.60% 1.37% 7.79%
EBIT Margin		 12.22% 0.73% -9.59% -3.53% 0.58% 0.13% 7.84%
Profit (Net Income) Margin		 10.60% 2.16% -11.20% -1.89% -1.97% 4.42% 5.82%
Tax Burden Percent		 86.74% 588.89% 112.73% 51.00% -187.30% 608.00% 71.41%
Interest Burden Percent		 100.00% 50.00% 103.57% 105.26% 180.00% 555.56% 103.96%
Effective Tax Rate		 13.26% -488.89% 0.00% 0.00% 287.30% -508.00% 28.59%
Return on Invested Capital (ROIC)		 0.00% 22.76% -24.98% -6.50% -2.43% 20.25% 16.22%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 44.90% -9.02% -9.76% 4.16% 52.35% 13.62%
Return on Net Nonoperating Assets (RNNOA)		 0.00% -15.77% 4.20% 3.10% -0.90% -11.94% -3.03%
Return on Equity (ROE)		 0.00% 7.00% -20.78% -3.40% -3.33% 8.32% 13.19%
Cash Return on Invested Capital (CROIC)		 0.00% -177.24% -45.11% -88.85% 5.57% 9.13% 23.78%
Operating Return on Assets (OROA)		 0.00% 0.71% -11.76% -4.81% 0.83% 0.21% 14.60%
Return on Assets (ROA)		 0.00% 2.08% -13.73% -2.58% -2.80% 7.10% 10.84%
Return on Common Equity (ROCE)		 0.00% 3.82% -17.28% -3.40% -3.33% 8.32% 13.19%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 6.41% -16.50% -2.99% -3.22% 8.35% 0.00%
Net Operating Profit after Tax (NOPAT)		 25 11 -27 -13 -6.74 57 47
NOPAT Margin		 10.79% 4.56% -7.19% -2.47% -1.12% 8.31% 5.57%
Net Nonoperating Expense Percent (NNEP)		 0.00% -22.14% -15.96% 3.26% -6.59% -32.10% 2.60%
Return On Investment Capital (ROIC_SIMPLE)		 - - - -3.57% -1.84% 15.69% 12.43%
Cost of Revenue to Revenue		 7.05% 8.68% 7.51% 7.39% 9.01% 9.24% 7.61%
SG&A Expenses to Revenue		 9.72% 11.41% 10.14% 10.80% 9.98% 8.96% 6.73%
R&D to Revenue		 20.15% 20.75% 16.39% 14.40% 13.43% 12.00% 7.97%
Operating Expenses to Revenue		 80.51% 90.54% 102.77% 96.14% 90.39% 89.40% 84.59%
Earnings before Interest and Taxes (EBIT)		 28 1.80 -36 -19 3.50 0.90 66
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 37 17 -9.30 18 55 49 114
Valuation Ratios		 - - - - - - -
Price to Book Value (P/BV)		 0.00 1.58 0.44 2.09 3.05 2.68 2.63
Price to Tangible Book Value (P/TBV)		 0.00 39.55 0.61 4.29 5.37 4.47 4.29
Price to Revenue (P/Rev)		 0.57 0.53 0.30 1.32 1.87 1.42 1.18
Price to Earnings (P/E)		 5.39 24.62 0.00 0.00 0.00 32.13 20.23
Dividend Yield		 0.00% 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% 4.94%
Enterprise Value to Invested Capital (EV/IC)		 0.00 1.49 0.00 2.29 3.83 3.06 3.21
Enterprise Value to Revenue (EV/Rev)		 0.00 0.60 0.00 1.23 1.70 1.32 1.06
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 8.65 0.00 36.70 18.72 18.47 7.77
Enterprise Value to EBIT (EV/EBIT)		 0.00 81.17 0.00 0.00 291.48 1,011.60 13.52
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 13.06 0.00 0.00 0.00 15.93 19.05
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 9.49 0.00 26.42 14.15 12.68 6.74
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 66.00 35.35 12.99
Leverage & Solvency		 - - - - - - -
Debt to Equity		 0.00 0.20 0.12 0.09 0.00 0.00 0.00
Long-Term Debt to Equity		 0.00 0.20 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 0.00 -0.35 -0.47 -0.32 -0.22 -0.23 -0.22
Leverage Ratio		 0.00 1.68 1.51 1.32 1.19 1.17 1.22
Compound Leverage Factor		 0.00 0.84 1.57 1.39 2.14 6.51 1.26
Debt to Total Capital		 0.00% 16.62% 10.59% 8.29% 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital		 0.00% 0.00% 10.59% 8.29% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 16.62% 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%
Noncontrolling Interests to Total Capital		 0.00% 37.86% 0.00% 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% 100.00%
Debt to EBITDA		 0.00 1.79 -3.28 1.72 0.00 0.00 0.00
Net Debt to EBITDA		 0.00 -3.15 14.76 -2.94 0.00 0.00 0.00
Long-Term Debt to EBITDA		 0.00 1.79 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 0.00 2.70 -1.12 -2.32 0.00 0.00 0.00
Net Debt to NOPAT		 0.00 -4.75 5.03 3.99 0.00 0.00 0.00
Long-Term Debt to NOPAT		 0.00 2.70 0.00 0.00 0.00 0.00 0.00
Altman Z-Score		 0.00 2.14 1.64 6.27 14.54 9.40 8.99
Noncontrolling Interest Sharing Ratio		 0.00% 45.41% 16.82% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - -
Current Ratio		 0.00 5.39 3.69 2.61 5.32 3.27 3.45
Quick Ratio		 0.00 5.03 3.43 2.36 4.72 2.80 2.95
Cash Flow Metrics		 - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -87 -49 -182 15 26 68
Operating Cash Flow to CapEx		 212.16% 82.35% 31.30% 77.64% 244.41% 337.09% 723.08%
Free Cash Flow to Firm to Interest Expense		 0.00 -79.19 -37.92 -72.68 19.32 36.79 113.76
Operating Cash Flow to Interest Expense		 28.55 14.00 5.54 10.00 90.13 102.57 219.33
Operating Cash Flow Less CapEx to Interest Expense		 15.09 -3.00 -12.15 -2.88 53.25 72.14 189.00
Efficiency Ratios		 - - - - - - -
Asset Turnover		 0.00 0.96 1.23 1.36 1.42 1.61 1.86
Accounts Receivable Turnover		 0.00 6.58 8.00 7.45 7.38 7.74 7.85
Inventory Turnover		 0.00 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 22.37
Accounts Payable Turnover		 0.00 0.89 2.10 11.71 20.38 11.98 8.91
Days Sales Outstanding (DSO)		 0.00 55.50 45.63 48.97 49.48 47.16 46.51
Days Inventory Outstanding (DIO)		 0.00 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 40.97
Cash Conversion Cycle (CCC)		 0.00 -355.77 -128.55 17.79 31.56 16.70 5.54
Capital & Investment Metrics		 - - - - - - -
Invested Capital		 0.00 98 120 289 267 298 276
Invested Capital Turnover		 0.00 4.99 3.47 2.64 2.16 2.44 2.91
Increase / (Decrease) in Invested Capital		 0.00 98 22 168 -22 31 -22
Enterprise Value (EV)		 0.00 146 -25 661 1,020 910 887
Market Capitalization		 131 131 113 714 1,121 977 985
Book Value per Share		 $0.00 $1.87 $4.96 $4.60 $4.82 $4.96 $5.15
Tangible Book Value per Share		 $0.00 $0.07 $3.59 $2.24 $2.74 $2.98 $3.16
Total Capital		 0.00 182 288 373 367 364 375
Total Debt		 0.00 30 31 31 0.00 0.00 0.00
Total Long-Term Debt		 0.00 30 0.00 0.00 0.00 0.00 0.00
Net Debt		 0.00 -53 -137 -53 -100 -66 -98
Capital Expenditures (CapEx)		 15 19 23 32 30 21 18
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 22 40 64 61 70 76
Debt-free Net Working Capital (DFNWC)		 0.00 105 208 148 161 137 174
Net Working Capital (NWC)		 0.00 105 177 117 161 137 174
Net Nonoperating Expense (NNE)		 0.43 5.89 15 -3.10 5.06 27 -2.14
Net Nonoperating Obligations (NNO)		 0.00 -53 -137 -53 -100 -66 -98
Total Depreciation and Amortization (D&A)		 9.00 15 27 37 51 48 49
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 8.97% 10.46% 11.84% 10.13% 10.22% 9.02%
Debt-free Net Working Capital to Revenue		 0.00% 42.97% 54.66% 27.41% 26.88% 19.87% 20.77%
Net Working Capital to Revenue		 0.00% 42.97% 46.63% 21.67% 26.88% 19.87% 20.77%
Earnings Adjustments		 - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 ($0.82) ($0.14) ($0.15) $0.40 $0.66
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 51.90M 70.60M 76.70M 76.50M 74.30M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 ($0.82) ($0.14) ($0.15) $0.38 $0.64
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 51.90M 70.60M 76.70M 78.90M 75.90M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $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 66.79M
Normalized Net Operating Profit after Tax (NOPAT)		 25 1.33 -27 -13 2.52 6.58 47
Normalized NOPAT Margin		 10.79% 0.54% -7.19% -2.47% 0.42% 0.96% 5.57%
Pre Tax Income Margin		 12.22% 0.37% -9.93% -3.71% 1.05% 0.73% 8.15%
Debt Service Ratios		 - - - - - - -
EBIT to Interest Expense		 25.36 1.64 -28.00 -7.60 4.38 1.29 109.33
NOPAT to Interest Expense		 22.39 10.17 -21.00 -5.32 -8.43 81.65 77.60
EBIT Less CapEx to Interest Expense		 11.91 -15.36 -45.69 -20.48 -32.50 -29.14 79.00
NOPAT Less CapEx to Interest Expense		 8.94 -6.83 -38.69 -18.20 -45.30 51.22 47.26
Payout Ratios		 - - - - - - -
Dividend Payout Ratio		 0.00% 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% 144.15%

Quarterly Metrics And Ratios for NerdWallet

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

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - - 66,785,798.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 66,785,798.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 0.31
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 7.15% -5.85% -4.54% 5.09% 25.20% 37.47% 29.22% 24.10% 12.44% 22.63% 6.21%
EBITDA Growth		 705.00% -9.33% 39.13% -60.00% 24.84% -33.14% -13.13% 659.38% 132.84% 139.34% 178.20%
EBIT Growth		 145.45% -41.77% 500.00% -128.57% 65.00% -93.48% -80.56% 213.54% 425.76% 6,333.33% 3,800.00%
NOPAT Growth		 93.09% -121.58% 251.41% -128.57% 119.88% 24,132.49% -87.30% 213.54% 30,018.71% -97.16% 18,301.63%
Net Income Growth		 -171.43% -125.84% -35.29% 12.15% 120.00% 1,778.26% -81.82% 187.23% 26,200.00% -63.73% 10,100.00%
EPS Growth		 -200.00% -113.33% -50.00% 14.29% 100.00% 2,550.00% -100.00% 191.67% 0.00% -61.22% 0.00%
Operating Cash Flow Growth		 87.05% 47.26% 38.41% 202.00% -19.67% -66.55% 17.62% 71.57% 67.24% 292.93% 33.71%
Free Cash Flow Firm Growth		 100.86% 112.69% 114.84% 119.20% 990.52% 2,119.10% -146.07% -144.84% -120.81% -92.12% 268.09%
Invested Capital Growth		 -1.03% -7.69% -8.26% -10.84% -9.69% 11.78% 4.33% 7.19% 12.41% -7.28% 0.18%
Revenue Q/Q Growth		 6.63% -12.50% 21.09% -6.98% 27.03% -3.92% 13.82% -10.66% 15.09% 4.79% -1.42%
EBITDA Q/Q Growth		 101.25% 8.70% -8.57% -80.00% 528.13% -41.79% 18.80% 74.82% 92.59% -37.61% 26.71%
EBIT Q/Q Growth		 195.24% 15.00% -21.74% -366.67% 168.75% -95.45% 133.33% 1,457.14% 218.35% -44.38% 41.45%
NOPAT Q/Q Growth		 85.53% -369.11% 142.48% -892.53% 101.26% 566,868.73% -99.98% 6,984.60% 234.03% -46.45% 45.20%
Net Income Q/Q Growth		 95.33% -360.00% 147.83% -954.55% 101.06% 38,500.00% -99.48% 4,000.00% 220.73% -46.77% 45.71%
EPS Q/Q Growth		 92.86% -100.00% 150.00% -1,300.00% 100.00% 0.00% -100.00% 0.00% 209.09% -44.12% 52.63%
Operating Cash Flow Q/Q Growth		 461.00% -18.01% -23.31% -55.07% 184.31% -65.86% 169.70% -34.46% 177.14% -19.79% -8.23%
Free Cash Flow Firm Q/Q Growth		 101.86% 716.49% 23.48% 2.53% 5.49% 1,561.48% -102.56% 0.19% 51.05% 729.54% -45.35%
Invested Capital Q/Q Growth		 -6.81% -4.00% 0.49% -0.82% -5.61% 18.83% -6.21% 1.90% -1.02% -1.99% 1.34%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 91.30% 89.68% 91.23% 90.11% 90.75% 90.91% 91.30% 91.12% 92.89% 93.97% 93.88%
EBITDA Margin		 10.54% 13.09% 9.88% 2.12% 10.51% 6.37% 6.64% 13.00% 21.76% 12.95% 16.65%
Operating Margin		 2.62% 3.44% 2.29% -6.37% 3.45% 4.73% 0.33% 5.73% 15.99% 8.61% 12.24%
EBIT Margin		 2.62% 3.44% 2.22% -6.37% 3.45% 0.16% 0.33% 5.83% 16.13% 8.56% 12.29%
Profit (Net Income) Margin		 -0.33% -1.72% 0.68% -6.24% 0.05% 21.00% 0.10% 4.39% 12.23% 6.21% 9.18%
Tax Burden Percent		 -10.64% -43.40% 22.92% 113.25% 1.28% 5,514.29% 15.38% 71.30% 74.08% 70.35% 72.86%
Interest Burden Percent		 117.50% 115.22% 133.33% 86.46% 118.18% 233.33% 185.71% 105.50% 102.31% 103.11% 102.56%
Effective Tax Rate		 110.64% 143.40% 77.08% 0.00% 98.72% -5,414.29% 84.62% 28.70% 25.92% 29.65% 27.14%
Return on Invested Capital (ROIC)		 -0.61% -3.22% 1.11% -9.49% 0.11% 635.98% 0.14% 11.44% 35.38% 17.65% 27.10%
ROIC Less NNEP Spread (ROIC-NNEP)		 -0.49% -2.83% 0.83% -6.52% 0.09% 1,165.24% 0.05% 10.92% 34.53% 17.22% 26.31%
Return on Net Nonoperating Assets (RNNOA)		 0.09% 0.61% -0.20% 1.59% -0.02% -265.69% -0.01% -3.11% -9.16% -3.84% -5.52%
Return on Equity (ROE)		 -0.52% -2.61% 0.91% -7.90% 0.09% 370.29% 0.13% 8.33% 26.22% 13.81% 21.58%
Cash Return on Invested Capital (CROIC)		 0.87% 5.57% 5.41% 9.83% 7.99% 9.13% 41.76% 14.52% 18.94% 23.78% 23.63%
Operating Return on Assets (OROA)		 3.51% 4.89% 2.93% -8.91% 5.34% 0.26% 0.53% 9.75% 28.65% 15.94% 23.02%
Return on Assets (ROA)		 -0.44% -2.44% 0.90% -8.73% 0.08% 33.73% 0.15% 7.34% 21.72% 11.56% 17.20%
Return on Common Equity (ROCE)		 -0.52% -2.61% 0.91% -7.90% 0.09% 370.29% 0.13% 8.33% 26.22% 13.81% 21.58%
Return on Equity Simple (ROE_SIMPLE)		 -0.16% 0.00% -3.27% -2.93% -3.26% 0.00% 7.94% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -0.43 -2.00 0.85 -6.72 0.08 480 0.11 7.63 25 14 20
NOPAT Margin		 -0.28% -1.49% 0.52% -4.46% 0.04% 261.01% 0.05% 4.08% 11.85% 6.06% 8.92%
Net Nonoperating Expense Percent (NNEP)		 -0.12% -0.40% 0.28% -2.96% 0.02% -529.27% 0.09% 0.52% 0.85% 0.43% 0.79%
Return On Investment Capital (ROIC_SIMPLE)		 - -0.54% - - - 131.73% 0.03% 1.96% 6.33% 3.64% 5.89%
Cost of Revenue to Revenue		 8.70% 10.32% 8.77% 9.89% 9.25% 9.09% 8.70% 8.88% 7.11% 6.03% 6.12%
SG&A Expenses to Revenue		 9.29% 10.92% 9.51% 10.96% 8.31% 7.51% 6.60% 7.33% 6.69% 6.39% 6.98%
R&D to Revenue		 13.55% 15.18% 12.79% 15.07% 12.02% 8.76% 8.03% 9.58% 7.30% 7.23% 7.56%
Operating Expenses to Revenue		 88.68% 86.24% 88.94% 96.48% 87.30% 86.18% 90.97% 85.39% 76.89% 85.36% 81.64%
Earnings before Interest and Taxes (EBIT)		 4.00 4.60 3.60 -9.60 6.60 0.30 0.70 11 35 19 27
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 16 18 16 3.20 20 12 14 24 47 29 37
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.89 3.05 2.96 2.99 3.10 2.68 1.80 2.10 2.03 2.63 2.06
Price to Tangible Book Value (P/TBV)		 3.41 5.37 5.00 4.98 5.75 4.47 2.93 3.33 3.12 4.29 3.91
Price to Revenue (P/Rev)		 1.13 1.87 1.89 1.89 1.57 1.42 0.91 1.06 1.03 1.18 0.82
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 32.13 22.73 17.35 11.16 20.23 10.06
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% 0.00% 0.00% 0.00% 3.11% 4.40% 5.76% 8.96% 4.94% 9.94%
Enterprise Value to Invested Capital (EV/IC)		 2.17 3.83 3.76 3.84 3.70 3.06 2.07 2.50 2.47 3.21 2.28
Enterprise Value to Revenue (EV/Rev)		 0.99 1.70 1.70 1.70 1.46 1.32 0.79 0.92 0.88 1.06 0.75
Enterprise Value to EBITDA (EV/EBITDA)		 11.12 18.72 17.09 20.02 16.35 18.47 12.28 10.46 7.35 7.77 4.69
Enterprise Value to EBIT (EV/EBIT)		 88.63 291.48 126.02 392.76 178.59 1,011.60 0.00 38.49 14.96 13.52 6.91
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 15.93 4.60 12.06 8.55 19.05 9.57
Enterprise Value to Operating Cash Flow (EV/OCF)		 9.63 14.15 12.86 10.36 10.15 12.68 7.63 8.57 6.79 6.74 4.53
Enterprise Value to Free Cash Flow (EV/FCFF)		 249.20 66.00 66.62 36.88 44.01 35.35 5.06 17.83 13.83 12.99 9.64
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 -0.18 -0.22 -0.24 -0.24 -0.23 -0.23 -0.27 -0.28 -0.27 -0.22 -0.21
Leverage Ratio		 1.33 1.19 1.21 1.15 1.20 1.17 1.23 1.20 1.24 1.22 1.28
Compound Leverage Factor		 1.56 1.37 1.62 1.00 1.42 2.73 2.28 1.26 1.26 1.25 1.31
Debt 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%
Short-Term Debt 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%
Long-Term Debt 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%
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		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Altman Z-Score		 8.86 14.55 11.41 11.54 8.84 9.40 5.34 7.36 7.33 8.66 6.11
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		 4.33 5.32 4.17 4.27 2.91 3.27 2.68 3.44 3.70 3.45 2.57
Quick Ratio		 3.80 4.72 3.81 3.85 2.62 2.80 2.35 2.93 3.26 2.95 2.11
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 2.47 20 25 26 27 448 -11 -11 -5.61 35 19
Operating Cash Flow to CapEx		 752.08% 314.89% 420.37% 178.95% 557.69% 198.00% 580.43% 397.73% 1,102.27% 810.42% 850.00%
Free Cash Flow to Firm to Interest Expense		 12.37 101.02 124.74 127.90 269.85 2,241.71 -114.92 -57.35 -28.07 353.48 96.59
Operating Cash Flow to Interest Expense		 180.50 148.00 113.50 51.00 290.00 49.50 267.00 87.50 242.50 389.00 178.50
Operating Cash Flow Less CapEx to Interest Expense		 156.50 101.00 86.50 22.50 238.00 24.50 221.00 65.50 220.50 341.00 157.50
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.34 1.42 1.32 1.40 1.55 1.61 1.60 1.67 1.78 1.86 1.87
Accounts Receivable Turnover		 7.08 7.38 6.18 6.44 6.81 7.74 6.86 8.05 7.08 7.85 7.28
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		 12.17 11.79 11.67 11.81 13.00 14.38 16.39 18.38 20.38 22.37 24.34
Accounts Payable Turnover		 5.55 20.38 3.99 9.61 4.75 11.98 3.41 6.32 5.14 8.91 3.83
Days Sales Outstanding (DSO)		 51.53 49.48 59.03 56.70 53.59 47.16 53.19 45.32 51.58 46.51 50.14
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)		 65.83 17.91 91.59 37.99 76.79 30.46 107.07 57.76 71.03 40.97 95.42
Cash Conversion Cycle (CCC)		 -14.29 31.56 -32.55 18.71 -23.20 16.70 -53.87 -12.44 -19.45 5.54 -45.28
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 278 267 268 266 251 298 279 285 282 276 280
Invested Capital Turnover		 2.18 2.16 2.11 2.13 2.41 2.44 2.69 2.80 2.99 2.91 3.04
Increase / (Decrease) in Invested Capital		 -2.90 -22 -24 -32 -27 31 12 19 31 -22 0.50
Enterprise Value (EV)		 603 1,020 1,008 1,021 929 910 578 712 697 887 637
Market Capitalization		 689 1,121 1,119 1,135 1,000 977 671 817 818 985 693
Book Value per Share		 $4.70 $4.82 $4.91 $4.88 $4.10 $4.96 $5.01 $5.23 $5.29 $5.15 $5.03
Tangible Book Value per Share		 $2.61 $2.74 $2.90 $2.93 $2.21 $2.98 $3.09 $3.30 $3.45 $3.16 $2.65
Total Capital		 364 367 379 379 322 364 372 390 402 375 336
Total Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt		 -87 -100 -111 -114 -72 -66 -92 -105 -121 -98 -56
Capital Expenditures (CapEx)		 4.80 9.40 5.40 5.70 5.20 5.00 4.60 4.40 4.40 4.80 4.20
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 63 61 60 62 56 70 59 64 80 76 70
Debt-free Net Working Capital (DFNWC)		 150 161 170 176 127 137 152 169 201 174 126
Net Working Capital (NWC)		 150 161 170 176 127 137 152 169 201 174 126
Net Nonoperating Expense (NNE)		 0.07 0.30 -0.25 2.68 -0.02 441 -0.09 -0.57 -0.81 -0.35 -0.58
Net Nonoperating Obligations (NNO)		 -87 -100 -111 -114 -72 -66 -92 -105 -121 -98 -56
Total Depreciation and Amortization (D&A)		 12 13 12 13 14 11 13 13 12 9.90 9.70
Debt-free, Cash-free Net Working Capital to Revenue		 10.40% 10.13% 10.06% 10.40% 8.71% 10.22% 8.07% 8.31% 10.08% 9.02% 8.22%
Debt-free Net Working Capital to Revenue		 24.65% 26.88% 28.80% 29.40% 19.95% 19.87% 20.62% 21.97% 25.25% 20.77% 14.84%
Net Working Capital to Revenue		 24.65% 26.88% 28.80% 29.40% 19.95% 19.87% 20.62% 21.97% 25.25% 20.77% 14.84%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.01) ($0.02) $0.01 ($0.12) $0.00 $0.51 $0.00 $0.11 $0.35 $0.20 $0.30
Adjusted Weighted Average Basic Shares Outstanding		 77.50M 76.70M 77.20M 77.90M 77.40M 76.50M 74.20M 74.80M 75.70M 74.30M 68.20M
Adjusted Diluted Earnings per Share		 ($0.01) ($0.02) $0.01 ($0.12) $0.00 $0.49 $0.00 $0.11 $0.34 $0.19 $0.29
Adjusted Weighted Average Diluted Shares Outstanding		 77.50M 76.70M 80.50M 77.90M 79.30M 78.90M 76.10M 76.60M 76.90M 75.90M 69.50M
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		 76.13M 77.01M 77.74M 78.71M 73.44M 74.11M 74.51M 76.00M 72.71M 66.79M 65.80M
Normalized Net Operating Profit after Tax (NOPAT)		 2.80 3.22 2.59 -6.72 4.62 6.09 0.49 7.63 25 14 20
Normalized NOPAT Margin		 1.83% 2.41% 1.60% -4.46% 2.42% 3.31% 0.23% 4.08% 11.85% 6.06% 8.92%
Pre Tax Income Margin		 3.08% 3.96% 2.96% -5.51% 4.08% 0.38% 0.62% 6.15% 16.50% 8.83% 12.60%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 20.00 23.00 18.00 -48.00 66.00 1.50 7.00 54.50 173.50 193.00 136.50
NOPAT to Interest Expense		 -2.13 -9.98 4.24 -33.60 0.85 2,398.71 1.08 38.15 127.43 136.48 99.09
EBIT Less CapEx to Interest Expense		 -4.00 -24.00 -9.00 -76.50 14.00 -23.50 -39.00 32.50 151.50 145.00 115.50
NOPAT Less CapEx to Interest Expense		 -26.13 -56.98 -22.76 -62.10 -51.15 2,373.71 -44.92 16.15 105.43 88.48 78.09
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		 -2,183.33% -169.49% 0.00% -178.38% -740.00% 263.49% 0.00% 168.37% 40.65% 144.15% 197.68%

Financials Breakdown Chart

Key Financial Trends

NerdWallet’s latest quarter shows a sharp rebound in profitability and strong operating cash generation, but with some notable balance sheet and capital allocation caveats. In Q1 2026, revenue rose to $222.2 million from $225.4 million in Q4 2025 and $209.2 million in Q1 2025, while net income improved to $20.4 million versus $14.0 million in the prior quarter and only $0.2 million a year ago. The company also produced $35.7 million in operating cash flow, though it ended the quarter with a $42.0 million net cash outflow after heavy share repurchases and acquisitions.

  • Profitability improved meaningfully year over year. Q1 2026 net income was $20.4 million, up from $0.2 million in Q1 2025.
  • Operating cash flow remains solid. NerdWallet generated $35.7 million in cash from operations in Q1 2026.
  • Gross profit stayed very high. Gross profit of $208.6 million on $222.2 million of revenue implies a strong gross margin profile.
  • Operating income improved versus recent periods. Q1 2026 operating income was $27.2 million, better than Q4 2025 and well above Q1 2025.
  • The company finished with a sizable equity base. Total equity stood at $336.2 million at March 31, 2026.
  • Revenue growth was modest quarter over quarter. Revenue dipped slightly to $222.2 million from $225.4 million in Q4 2025, though it remained above prior-year Q1 levels.
  • Marketing remains the largest cost driver. Marketing expense was $149.1 million in Q1 2026, still the biggest line item on the income statement.
  • Share count has been falling on a diluted basis. Q1 2026 diluted weighted-average shares were 69.5 million, down from 75.9 million in Q4 2025.
  • Acquisition activity added to investing outflows. NerdWallet spent $15.8 million on acquisitions in Q1 2026.
  • Cash balance declined sharply. Cash and equivalents fell to $56.3 million from $120.6 million at the end of Q3 2025.
  • Heavy buybacks consumed a lot of cash. The company repurchased $66.0 million of common equity in Q1 2026.
  • Net cash declined despite strong operations. Total net change in cash and equivalents was negative $42.0 million in the quarter.
  • Working capital remains tied up in receivables and accrued liabilities. Accounts receivable was $113.1 million and accrued expenses were $73.7 million, which investors should monitor.
  • Returns on revenue are still dependent on heavy marketing spend. Marketing expense remained extremely elevated at $149.1 million, limiting incremental profitability.

Bottom line: NerdWallet is showing better earnings power and healthy operating cash flow, but the company is still spending aggressively on marketing and capital returns. The big question for investors is whether the recent profitability improvement can persist without draining cash through buybacks and acquisitions.

06/15/26 04:21 AM ETAI Generated. May Contain Errors.

NerdWallet Financials - Frequently Asked Questions

According to the most recent income statement we have on file, NerdWallet's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

NerdWallet's net income appears to be on an upward trend, with a most recent value of $48.70 million in 2025, rising from $24.20 million in 2019. The previous period was $30.40 million in 2024. Find out what analysts predict for NerdWallet in the coming months.

NerdWallet's total operating income in 2025 was $65.20 million, based on the following breakdown:
  • Total Gross Profit: $772.90 million
  • Total Operating Expenses: $707.70 million

Over the last 6 years, NerdWallet's total revenue changed from $228.30 million in 2019 to $836.60 million in 2025, a change of 266.4%.

NerdWallet's total liabilities were at $86.60 million at the end of 2025, a 18.0% increase from 2024, and a 16.5% decrease since 2020.

In the past 5 years, NerdWallet's cash and equivalents has ranged from $66.30 million in 2024 to $167.80 million in 2021, and is currently $98.30 million as of their latest financial filing in 2025.

Over the last 6 years, NerdWallet's book value per share changed from 0.00 in 2019 to 5.15 in 2025, a change of 515.0%.


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Financial statements for NASDAQ:NRDS last updated on 5/8/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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