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Financials · NRDS

NerdWallet Inc. (NRDS) financials

For the twelve months ended Sep 30, 2026, NerdWallet Inc. reported $884.50M of revenue and $53.60M of net income.

Revenue, TTM
$884.50M
Revenue growth, YoY
+11.3%
Net income, TTM
$53.60M
Net income growth, YoY
-26.9%
Net margin
6.1%
Free cash flow, TTM
$146.00M
EPS, diluted, TTM
$0.78
EPS growth, YoY
-17.0%
Cash
$73.50M
P/E
9.41
P/S
0.57
Market cap
$504.4M
Annual revenue$836.60M
FY2019FY2025
Annual net income$48.70M
FY2019FY2025
Annual free cash flow$130.30M
FY2019FY2025

NRDS revenue and earnings growth

NRDS revenueQ3 2026$239.60M

Quarter YoY
+11.4%
QoQ
+21.4%
FY YoY
+21.7%
5Y CAGR
+27.8%

NRDS revenue was $239.60M in fiscal Q3 2026 (ended Sep 30, 2026), up 11.4% from a year earlier and up 21.4% from the prior quarter. For the full fiscal 2025 it was $836.60M, up 21.7% from fiscal 2024. Compound annual growth was +27.8% over 5 years. It rose in each of the last 6 fiscal years. Fiscal 2025 is the highest of the 7 fiscal years on file.

NRDS net incomeQ3 2026$14.90M

Quarter YoY
-43.3%
QoQ
+246.5%
FY YoY
+60.2%
5Y CAGR
+55.8%

NRDS net income was $14.90M in fiscal Q3 2026 (ended Sep 30, 2026), down 43.3% from a year earlier and up 246.5% from the prior quarter. For the full fiscal 2025 it was $48.70M, up 60.2% from fiscal 2024. Compound annual growth was +55.8% over 5 years. Fiscal 2025 is the highest of the 7 fiscal years on file.

NRDS EPSQ3 2026$0.23

Quarter YoY
-32.4%
QoQ
+228.6%
FY YoY
+68.4%
5Y CAGR
+48.0%

NRDS diluted EPS was $0.23 in fiscal Q3 2026 (ended Sep 30, 2026), down 32.4% from a year earlier and up 228.6% from the prior quarter. For the full fiscal 2025 it was $0.64, up 68.4% from fiscal 2024. Compound annual growth was +48.0% over 5 years.

NRDS free cash flowQ3 2026$31.00M

Quarter YoY
-36.0%
QoQ
-24.6%
FY YoY
+83.0%
5Y CAGR
+56.0%

NRDS free cash flow was $31.00M in fiscal Q3 2026 (ended Sep 30, 2026), down 36.0% from a year earlier and down 24.6% from the prior quarter. For the full fiscal 2025 it was $130.30M, up 83.0% from fiscal 2024. Compound annual growth was +56.0% over 5 years. It rose in 3 of the last 6 fiscal years. Fiscal 2025 is the highest of the 7 fiscal years on file.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
Revenue$836.60M$687.60M$599.40M$538.90M$379.60M$245.30M$228.30M
Cost of revenue$63.70M$63.50M$54.00M$39.80M$28.50M$21.30M$16.10M
Gross profit$772.90M$624.10M$545.40M$499.10M$351.10M$224.00M$212.20M
Research and development$66.70M$82.50M$80.50M$77.60M$62.20M$50.90M$46.00M
Selling, general and admin$56.30M$61.60M$59.80M$58.20M$38.50M$28.00M$22.20M
Operating income$65.20M$9.40M$3.60M-$19.00M-$39.00M$1.90M$28.40M
Interest expense$600.0K$700.0K$800.0K$2.50M$1.30M$1.10M$1.10M
Pre-tax income$68.20M$5.00M$6.30M-$20.00M-$37.70M$900.0K$27.90M
Income tax$19.50M-$25.40M$18.10M-$9.80M$4.80M-$4.40M$3.70M
Net income$48.70M$30.40M-$11.80M-$10.20M-$42.50M$5.30M$24.20M
EPS, basic$0.66$0.40-$0.15-$0.14-$0.82$0.12$0.57
EPS, diluted$0.64$0.38-$0.15-$0.14-$0.82$0.09$0.45
Diluted shares75.9M78.9M76.7M70.6M51.9M56.3M54.3M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
Cash and equivalents$98.30M$66.30M$100.40M$83.90M$167.80M$83.40M$67.60M
Receivables$111.00M$102.20M$75.50M$87.00M$57.60M$37.30M-
Current assets$244.70M$196.70M$198.40M$189.20M$242.80M$129.40M-
Goodwill$123.50M$112.40M$111.50M$111.20M$43.80M$43.80M$300.0K
Total assets$461.10M$437.60M$418.60M$425.70M$364.10M$255.20M-
Current liabilities$70.90M$60.10M$37.30M$72.40M$65.80M$24.00M-
Long-term debt----$0$30.20M-
Total debt----$0$30.20M-
Total liabilities$86.60M$73.40M$51.70M$84.00M$106.50M$103.70M-
Shareholders' equity$374.50M$364.20M$366.90M$341.70M$257.60M$82.70M$8.00M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
Operating cash flow$131.60M$71.80M$72.10M$25.00M$7.20M$15.40M$31.40M
Capital expenditures$1.30M$600.0K$700.0K$4.60M$2.30M$1.30M$700.0K
Free cash flow$130.30M$71.20M$71.40M$20.40M$4.90M$14.10M$30.70M
Investing cash flow-$33.30M-$29.70M-$29.50M-$100.30M-$23.00M-$55.40M-$14.80M
Financing cash flow-$66.10M-$76.50M-$26.20M-$8.40M$100.20M$55.70M-$1.40M
Share repurchases$70.20M$80.10M$20.00M----
Stock-based compensation$28.60M$37.70M$38.80M$34.40M$17.90M$6.40M$5.00M
Depreciation and amortization$46.40M$48.40M$48.20M$37.00M$27.10M$15.10M$9.40M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
Revenue growth, YoY21.7%14.7%11.2%42.0%54.7%7.4%-
Net income growth, YoY60.2%-----78.1%-
EPS growth, YoY68.4%-----80.0%-
Gross margin92.4%90.8%91.0%92.6%92.5%91.3%92.9%
Operating margin7.8%1.4%0.6%-3.5%-10.3%0.8%12.4%
Net margin5.8%4.4%-2.0%-1.9%-11.2%2.2%10.6%
Free cash flow margin15.6%10.4%11.9%3.8%1.3%5.7%13.4%
Return on equity13.0%8.3%-3.2%-3.0%-16.5%6.4%302.5%
Return on assets10.6%6.9%-2.8%-2.4%-11.7%2.1%-
Current ratio3.453.275.322.613.695.39-
Debt to equity----0.000.37-

Source: XBRL data NerdWallet Inc. files with the SEC, latest filing dated Nov 5, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

NRDS peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
NRDS$884.50M+11.3%$53.60M6.1%$504.4M
ADP$22.26B+6.5%$4.53B20.3%$119.75B
INFY$20.16B+4.6%$3.31B16.4%$50.70B
WDAY$10.15B+13.3%$1.25B12.3%$46.49B
ZS$3.35B+25.4%-$63.18M-1.9%$32.23B
CTSH$21.89B+5.0%$2.57B11.8%$28.93B
VRSN$1.73B+6.5%$849.80M49.1%$27.69B
VRSK$3.18B+4.9%$879.20M27.7%$26.63B
IOT$1.85B+29.5%$90.55M4.9%$24.00B

NRDS FAQ

9 questions
  • What is NRDS revenue?
    NerdWallet Inc. (NRDS) reported $884.50M of revenue for the twelve months ended Sep 30, 2026. That is up 11.3% from the year before. Revenue for fiscal 2025 was $836.60M.
  • Is NRDS profitable?
    Yes. NerdWallet Inc. earned $53.60M in net income for the twelve months ended Sep 30, 2026, a net margin of 6.1%.
  • How much cash and debt does NRDS have?
    NerdWallet Inc. reported $73.50M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is NRDS revenue growing?
    NerdWallet Inc.'s revenue changed +21.7% in fiscal 2025, to $836.60M. Its compound annual growth rate was +27.8% over 5 years.
  • What is NRDS gross margin?
    NerdWallet Inc.'s gross profit was $830.10M on $884.50M of revenue for the twelve months ended Sep 30, 2026, a gross margin of 93.8%.
  • What is NRDS free cash flow?
    NerdWallet Inc. generated $146.00M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $147.00M less capital expenditures.
  • What is NRDS earnings per share?
    Diluted earnings per share were $0.78 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did NRDS last report financial results?
    The latest statements here come from NerdWallet Inc.'s 10-Q filed on Nov 5, 2026, covering the period ended Sep 30, 2026.
  • Where does this NRDS financial data come from?
    Quantisnow builds these statements from the structured XBRL data NerdWallet Inc. files with the SEC. It is provided for information only and is not investment advice.