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NRDS

NerdWallet, Inc.

NRDS

NerdWallet, Inc. • NASDAQ
$15.01 ▼ -0.33% (-0.05)
Market Cap $1.12 B
52w High $15.27
52w Low $7.55
Dividend Yield 0%
P/E 15.97
Volume 306.09K
Outstanding Shares 74.55M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $215.1M ▲ $165.4M ▲ $26.3M ▲ 12.227% ▲ $0.35 ▲ $47.3M ▲
Q2-2025 $186.9M ▼ $159.6M ▼ $8.2M ▲ 4.387% ▲ $0.11 ▲ $24.4M ▲
Q1-2025 $209.2M ▲ $190.3M ▲ $200K ▼ 0.096% ▼ $0.003 ▼ $14M ▲
Q4-2024 $183.8M ▼ $158.4M ▼ $38.6M ▲ 21.001% ▲ $0.52 ▲ $12.3M ▼
Q3-2024 $191.3M $167M $100K 0.052% $0.001 $20.8M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $120.6M ▲ $492.8M ▲ $90.4M ▲ $402.4M ▲
Q2-2025 $105.3M ▲ $476M ▲ $86M ▼ $390M ▲
Q1-2025 $92.2M ▲ $475M ▲ $103.4M ▲ $371.6M ▲
Q4-2024 $68.5M ▼ $437.6M ▲ $73.4M ▼ $364.2M ▲
Q3-2024 $71.7M $402.4M $80M $322.4M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $26.3M ▲ $48.5M ▲ $-6.4M ▲ $-26.6M ▼ $15.3M ▲ $44.1M ▲
Q2-2025 $8.2M ▲ $17.5M ▼ $-9.4M ▼ $5.1M ▲ $13.1M ▼ $21.2M ▼
Q1-2025 $200K ▼ $26.7M ▲ $-4.6M ▲ $3.8M ▲ $23.7M ▲ $22.1M ▲
Q4-2024 $38.6M ▲ $9.9M ▼ $-5.3M ▼ $-10.2M ▲ $-5.4M ▲ $4.9M ▼
Q3-2024 $100K $29M $-5.2M $-65.9M $-40M $23.8M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Credit Card
Credit Card
 $90.00M ▲$40.00M ▼$30.00M ▼$30.00M ▲
Emerging Verticals
Emerging Verticals
 $0 ▲$40.00M ▲$40.00M ▲$50.00M ▲
Insurance
Insurance
 $0 ▲$70.00M ▲$50.00M ▼$70.00M ▲
Loans
Loans
 $40.00M ▲$20.00M ▼$30.00M ▲$40.00M ▲

Five-Year Company Overview

Income Statement

Income Statement NerdWallet’s income statement shows a young business that has moved from heavy investment mode toward consistent profitability. Revenue has grown steadily each year, and the company is now generating a meaningful gross profit thanks to its asset-light, digital model. Operating results have improved from losses a few years ago to roughly breakeven and now modest profit, which suggests better cost control and scale benefits. Net income has flipped from small losses to a small profit, but margins still look thin, so results could be sensitive to any slowdown in demand or uptick in marketing costs.

Balance Sheet

Balance Sheet The balance sheet looks relatively conservative and healthy for a growing fintech platform. Total assets and shareholder equity have climbed over time, showing reinvestment in the business and limited erosion from past losses. Debt levels are low compared with the size of the company, which reduces financial risk and interest burden. Cash has come down from earlier peaks but remains solid, implying the company has some flexibility to fund operations and selective investments without relying heavily on borrowing.

Cash Flow

Cash Flow Cash flow trends are a key strength. Operating cash flow has steadily improved, now comfortably positive, showing the underlying business model converts a good portion of revenue into cash. Free cash flow has turned from slightly negative to clearly positive as capital spending has remained modest, which fits an online, platform-style business. This pattern suggests NerdWallet can support growth initiatives, product development, and selective acquisitions largely from internal cash generation, though any big strategic move could still require outside funding.

Competitive Edge

Competitive Edge NerdWallet occupies a strong niche as a trusted, consumer-focused financial guidance and comparison platform. Its brand is widely recognized for clear, unbiased content, and its large library of articles helps it attract users at relatively low marketing cost through search engines. The platform benefits from network effects: more users bring more data, which improves recommendations and attracts more financial partners, further enriching the marketplace. Competition is intense—from banks, comparison sites, super-apps, and credit platforms—so maintaining top search visibility, user trust, and product breadth will be critical to defending its position.

Innovation and R&D

Innovation and R&D Innovation is at the core of NerdWallet’s strategy. The company leans heavily on data science, artificial intelligence, and machine learning to personalize recommendations and power its app, moving from generic comparison tables to tailored financial “matchmaking.” Acquisitions like On the Barrelhead, Fundera, and Next Door Lending show a push to own more of the customer journey in credit, small business, and mortgages, while NerdWallet Wealth Partners extends the brand into wealth management. The opportunity is to deepen engagement and capture more value per user; the risk is execution complexity, integration challenges, and the need to keep pace with rapid AI and product innovation across the industry.

Summary

Overall, NerdWallet looks like a growing, asset-light fintech platform that has crossed the line into sustainable profitability while keeping its balance sheet relatively low risk. The business model throws off cash, and spending needs for physical assets are limited, which supports ongoing investment in technology, marketing, and acquisitions. Its edge rests on a trusted brand, high-quality content, and increasing personalization powered by data and AI, all reinforced by network effects with users and financial partners. Going forward, the main questions are how well it can execute on vertical integration, international expansion, and new services like wealth management, and whether it can stay ahead in a very competitive, fast-moving financial technology landscape.

NEWS

November 25, 2025 · 10:39 AM UTC

NerdWallet Is Giving Away $2.5 Million This December

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November 6, 2025 · 4:05 PM UTC

NerdWallet Reports Third Quarter 2025 Results

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October 16, 2025 · 6:00 PM UTC

NerdWallet Announces Conference Call to Review 2025 Third Quarter Financial Results

Read more