Nerdwallet, Inc. (NRDS) Financial Statements
Industry: Computer Processing & Data Preparation (Services)
In fiscal 2025, Nerdwallet reported revenue of $836.6M, up 21.7% from $687.6M the year before. Net income was $48.7M (a 5.8% net margin), or $0.64 per diluted share. Gross margin was 92.4% and operating margin was 7.8%. Operating activities generated $131.6M of cash, leaving $130.3M of free cash flow. At fiscal year end, Nerdwallet held $461.1M in total assets against $86.6M in total liabilities, including $98.3M of cash and equivalents.
Open the full interactive Nerdwallet financials → Quarterly statements, key ratios, valuation history and price charts.
Nerdwallet Key Stats
| Share Price | $9.64 |
|---|---|
| Market Cap | $634.3M |
| P/E Ratio | 15.1 |
| Revenue YoY Growth | +21.7% |
| 52-Week Range | $7.58 – $15.93 |
| Shares Outstanding | 65.1 million (basic, 2026 Q2) |
Nerdwallet Income Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $379.6M | $538.9M | $599.4M | $687.6M | $836.6M |
| Cost of Goods Sold | $418.6M | $557.9M | $595.8M | $678.2M | $771.4M |
| Gross Profit | $351.1M | $499.1M | $545.4M | $624.1M | $772.9M |
| Operating Income | -$39.0M | -$19.0M | $3.6M | $9.4M | $65.2M |
| Pre-Tax Income | -$37.7M | -$20.0M | $6.3M | $5.0M | $68.2M |
| Income Tax | $4.8M | -$9.8M | $18.1M | -$25.4M | $19.5M |
| Net Income | -$42.5M | -$10.2M | -$11.8M | $30.4M | $48.7M |
| Diluted EPS | -$0.82 | -$0.14 | -$0.15 | $0.38 | $0.64 |
Nerdwallet Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $215.1M | $225.4M | $222.2M | $197.3M |
| Net Income | $26.3M | $14.0M | $20.4M | $4.3M |
| Diluted EPS | $0.34 | $0.18 | $0.29 | $0.07 |
Nerdwallet Balance Sheet
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash & Equivalents | $167.8M | $83.9M | $100.4M | $66.3M | $98.3M |
| Current Assets | $242.8M | $189.2M | $198.4M | $196.7M | $244.7M |
| Total Assets | $364.1M | $425.7M | $418.6M | $437.6M | $461.1M |
| Current Liabilities | $65.8M | $72.4M | $37.3M | $60.1M | $70.9M |
| Total Liabilities | $106.5M | $84.0M | $51.7M | $73.4M | $86.6M |
| Shareholders' Equity | $257.6M | $341.7M | $366.9M | $364.2M | $374.5M |
Nerdwallet Cash Flow Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash From Operations | $7.2M | $25.0M | $72.1M | $71.8M | $131.6M |
| Cash From Investing | -$23.0M | -$100.3M | -$29.5M | -$29.7M | -$33.3M |
| Cash From Financing | $100.2M | -$8.4M | -$26.2M | -$76.5M | -$66.1M |
| Free Cash Flow | $4.9M | $20.4M | $71.4M | $71.2M | $130.3M |
Figures from Nerdwallet's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Nerdwallet financials page for every line item.
Nerdwallet Company Profile
| Ticker | NRDS |
|---|---|
| Exchange | Nasdaq |
| Industry | Computer Processing & Data Preparation (Services) |
| Headquarters | San Mateo, California |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Accelerated filer, emerging growth company |
| SEC CIK | 0001625278 |
Frequently Asked Questions
What was Nerdwallet's revenue in fiscal 2025?
Nerdwallet (NRDS) reported revenue of $836.6M for fiscal 2025.
What is Nerdwallet's annual revenue history?
Nerdwallet's annual revenue by fiscal year: 2021: $379.6M; 2022: $538.9M; 2023: $599.4M; 2024: $687.6M; 2025: $836.6M.
What was Nerdwallet's net income in fiscal 2025?
Nerdwallet reported net income of $48.7M for fiscal 2025.
What was Nerdwallet's earnings per share (EPS) in fiscal 2025?
Nerdwallet's diluted EPS was $0.64 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Nerdwallet generate in fiscal 2025?
Nerdwallet generated $130.3M of free cash flow in fiscal 2025.
What was Nerdwallet's revenue last quarter?
In its most recent reported quarter (2026 Q2), Nerdwallet reported revenue of $197.3M.
How many shares of Nerdwallet are outstanding?
Nerdwallet reported a weighted average of 65.1 million basic shares outstanding in 2026 Q2.
What is Nerdwallet's market cap?
Based on its latest closing price, Nerdwallet (NRDS) has a market capitalization of about $634.3M.
When does Nerdwallet's fiscal year end?
Nerdwallet's fiscal year end, as registered with the SEC, is December 31.
Where is Nerdwallet headquartered?
Nerdwallet lists its business address in San Mateo, California in its SEC filings.