10-K · February 25, 2026
NerdWallet reported full-year 2025 revenue of $836.6 million, up 22% from $687.6 million in 2024, and net income of $48.7 million (up 60% from $30.4 million in 2024). The company emphasizes a marketplace + content +…
Earnings analysis · 10-Q
NRDS earnings analysis
Filed May 6, 2026 · Our reading of the company's report
The latest report
NerdWallet reported a Q1 2026 revenue of $222.2 million, a 6% increase from $209.2 million year-over-year, while diluted EPS came in at $0.29, falling short of estimates by 9 cents. Management reduced full-year guidance…
Read full summary
NerdWallet reported a Q1 2026 revenue of $222.2 million, a 6% increase from $209.2 million year-over-year, while diluted EPS came in at $0.29, falling short of estimates by 9 cents. Management reduced full-year guidance for operating income to a range of $65-$90 million, indicating challenges ahead, particularly in their SMB segment which saw a 15% decline in revenue.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.29
- Segment
- Consumer
- Segment
- SMB
What stood out
-
Revenue Growth
Total revenue increased by $13 million or 6% YoY to $222.2 million, driven primarily by a 10% increase in consumer revenue.
-
Increased Income from Operations
Income from operations rose to $27.2 million from $0.7 million in the prior year, marking a $26.5 million increase.
-
Improved Cash Flow from Operations
Cash provided by operating activities rose to $35.7 million, compared to $26.7 million in Q1 2025, driven by a $20.2 million increase in net income.
-
Cost of Revenue Decreased
Cost of revenue fell to $13.6 million from $18.2 million, a decrease of 26%, primarily due to reduced amortization expenses.
-
Significant Growth in Non-GAAP Income
Non-GAAP operating income soared to $33.7 million, up 262% from $9.3 million YoY.
-
Improvement in Adjusted EBITDA
Adjusted EBITDA increased to $45.2 million, a 114% rise compared to $21.1 million the previous year.
What to watch
-
Reduced Annual Guidance
Full-year 2026 operating income guidance was lowered from $80-$100 million to a new range of $65-$90 million.
-
Declining SMB Revenue
SMB revenue decreased by $4.3 million or 15% year-over-year, attributed to pressures in organic search traffic.
-
Substantial Cash Outflow in Financing Activities
Net cash used in financing activities was $57.9 million, driven by $66 million in share repurchases.
Management's outlook
2026 Q2 revenue guidance adjusted to $186-$202 million.
Earlier filings 4
10-Q · November 6, 2025
NerdWallet reported a strong Q3 (three months ended September 30, 2025) with revenue of $215.1M (up from $191.3M a year ago) and diluted EPS of $0.34. Operating income improved to $34.4M (16.0% operating margin) versus…
10-Q · August 7, 2025
NerdWallet reported Q2 revenue of $186.9M (up from $150.6M a year ago) and returned to operating profitability with income from operations of $10.7M versus a $(9.6)M loss in Q2 2024. Net income was $8.2M (diluted EPS…
10-K · February 19, 2025
NerdWallet's 10-K report for 2024 showcases solid performance with a revenue of $687.6 million, representing a year-over-year growth of 15%. The company achieved a significant recovery, generating a net income of $30.4…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.