NERDWALLET, INC.

Listed Company

NRDSCIK 0001625278NasdaqEmerging GrowthServices-Computer Processing & Data PreparationDelawareFY ends Dec 31

Period

FY 2025

Revenue

$836.60M

Net Income

$48.70M

Total Assets

$461.10M

Equity

$374.50M

Shares Out

71.29M

Op. Cash Flow

$131.60M

Business

NERDWALLET, INC. provides trustworthy financial guidance to consumers and small and mid-sized businesses through a consumer-first digital platform. It offers educational content, tools and calculators, product marketplaces, personalized recommendation engines, the NerdWallet app and mortgage brokerage services. Its core business segments include an independent editorial content team, a technology-driven recommendation engine and partner marketplace, SMB verticals and a mortgage brokerage (Next Door Lending) to support vertical integration. NerdWallet operates primarily in the U.S. with presences in the UK, Canada and Australia, distributing via its website, app, organic and performance marketing and partner channels.

Summary from filing dated 2025-02-19

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue	837	688	599	539	380
Cost of revenue	64	64	54	40	29
Research and development	67	83	81	78	62
Sales and marketing	585	471	402	376	271
General and administrative	56	62	60	58	39
Total costs and expenses	771	678	596	558	419
Income from Operations	65	9	4	−19	−39
Interest income	3	5	4	2	0
Interest expense	−600,000	−700,000	−800,000	−3	—
Other gains (losses), net	400,000	−9	−100,000	0	3
Total other income (expense), net	3	−4	3	−1	1
Income before income taxes	68	5	6	−20	−38
Income tax provision (benefit)	20	−25	18	−10	5
Net Income (Loss)	49	30	−12	−10	−43
Basic (in dollars per share)	0.66	0.4	−0.15	−0.14	−0.82
Diluted (in dollars per share)	0.64	0.38	−0.15	−0.14	−0.82
Basic (in shares)	74	77	77	71	52
Diluted (in shares)	76	79	77	71	52

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	98	66	100	84	168
Accounts receivablenet	111	102	76	87	58
Prepaid expenses and other current assets	35	28	23	18	17
Total current assets	245	197	198	189	243
Property, equipment and softwarenet	32	43	53	49	35
Goodwill	124	112	112	111	44
Intangible assetsnet	22	33	47	64	28
Deferred Income Tax Assets, Net	29	46	0	—	0
Right-of-use assets	7	5	7	11	14
Other assets	3	1	2	800,000	1
Total Assets	461	438	419	426	364
Accounts payable	5	9	2	4	3
Accrued expenses and other current liabilities	66	51	36	38	32
Total current liabilities	71	60	37	72	66
Other liabilitiesnoncurrent	16	13	14	12	17
Total liabilities	87	73	52	84	107
Commitments and contingencies (Note 8)	—	—	—	—	—
Preferred stock$0.0001 par value per share5,000 shares authorized; zero shares issued and outstanding	0	0	0	0	0
Common stock$0.0001 par value per share296,686 shares authorized; 71,289 and 74,108 shares issued and outstanding as of December 31, 2025 and 2024	0	0	0	0	0
Additional paid-in capital	563	531	484	427	332
Accumulated other comprehensive income (loss)	100,000	−200,000	−300,000	−900,000	500,000
Accumulated deficit	−188	−167	−117	−85	−75
Total stockholders equity	375	364	367	342	258
Total Liabilities and Stockholders Equity	461	438	419	426	364

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	46	48	48	37	27
Stock-based compensation	29	38	39	34	18
Deferred taxes	16	−46	−500,000	−13	4
Non-cash lease costs	2	2	3	3	8
Other losses, net	2	9	3	1	−2
Accounts receivable	−9	−27	11	−19	−20
Prepaid expenses and other assets	−3	−2	−4	−700,000	−10
Mortgage loans held for sale	−5	2	0	0	—
Accounts payable	−4	7	−2	−6	−2
Accrued expenses and other current liabilities	10	13	−2	6	17
Payment of contingent consideration	0	0	−14	−12	0
Operating lease liabilities	−3	−3	−3	−2	−7
Other liabilities	600,000	2	7	−1	−900,000
Net cash provided by operating activities	132	72	72	25	7
Purchases of investments	−2	−8	0	0	—
Capitalized software development costs	−17	−21	−29	−28	—
Purchases of property and equipment	−1	−600,000	−700,000	−5	−2
Business combinations	−13	−300,000	0	−68	0
Net cash used in investing activities	−33	−30	−30	−100	−23
Payment of contingent consideration	0	0	−17	−19	0
Net borrowing (repayment) on warehouse line of credit	4	−2	0	0	—
Proceeds from line of credit	0	0	8	70	—
Payments on line of credit	0	0	−8	−70	—
Payment of debt issuance costs	0	0	−1	0	0
Proceeds from exercises of stock options	1	6	10	8	11
Tax payments related to net-share settlements on restricted stock units	−4	−2	−1	−600,000	−2
Issuances of Class A common stock under Employee Stock Purchase Plan	2	1	3	5	0
Repurchases of Class A common stock	−70	−80	−20	—	—
Net cash used in financing activities	−66	−77	−26	−8	100
Effect of exchange rate changes on cash and cash equivalents	−200,000	300,000	100,000	−200,000	0
Net increase (decrease) in cash and cash equivalents	32	−34	17	−84	84
Capitalized software development costs recorded in accounts payable and accrued expenses and other current liabilities	600,000	400,000	500,000	900,000	500,000
Repurchases of Class A common stock recorded in accrued expenses and other current liabilities	400,000	300,000	0	0	—
Income tax payments	15	16	14	4	300,000
Cash paid for interest	300,000	300,000	300,000	2	3
Cash paid for amounts included in the measurement of lease liabilities	3	4	4	3	8
Lease liabilities arising from obtaining right-of-use assets	4	0	0	0	8

Filings

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