NERDWALLET, INC.NRDSEarnings & Financial Report
NerdWallet is an American personal finance company, founded in 2009 by Tim Chen and Jacob Gibson. It has a website and app that earns money by promoting financial products to its users.
Revenue
$150.6M
Gross Profit
$135.7M
Operating Profit
$-9.6M
Net Profit
$-9.4M
Gross Margin
90.1%
Operating Margin
-6.4%
Net Margin
-6.2%
YoY Growth
5.1%
EPS
$-0.12
NERDWALLET, INC. Q2 FY2024 Financial Summary
NERDWALLET, INC. reported revenue of $150.6M (up 5.1% YoY) for Q2 FY2024, with a net profit of $-9.4M (up 12.1% YoY) (-6.2% margin). Cost of goods sold was $14.9M, operating expenses totaled $145.3M.
Key Financial Metrics
| Total Revenue | $150.6M |
|---|---|
| Net Profit | $-9.4M |
| Gross Margin | 90.1% |
| Operating Margin | -6.4% |
| Report Period | Q2 FY2024 |
Revenue Breakdown
NERDWALLET, INC. Q2 FY2024 revenue of $150.6M breaks down across 4 segments, led by Emerging Verticals at $56.7M (37.6% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Emerging Verticals | $56.7M | 37.6% |
| Credit Card | $46.1M | 30.6% |
| SMB Products | $26.1M | 17.3% |
| Loans | $21.7M | 14.4% |
NERDWALLET, INC. Revenue by Segment — Quarterly Trend
NERDWALLET, INC. revenue by segment across the last 4 reported quarters, showing how each business line (such as Emerging Verticals and Credit Card) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Emerging Verticals | — | $52.9M | $46.9M | $44.9M |
| Credit Card | — | $26.5M | $34.1M | $34.8M |
| SMB Products | — | $22.5M | $23.6M | $25.0M |
| Loans | — | $42.3M | $39.6M | $27.5M |
NERDWALLET, INC. Annual Revenue by Year
NERDWALLET, INC. annual revenue history includes year-by-year totals (for example, 2025 revenue was $836.6M).
| Year | Annual Revenue |
|---|---|
| 2025 | $836.6M |
| 2024 | $687.6M |
| 2023 | $599.4M |
| 2022 | $538.9M |
NERDWALLET, INC. Quarterly Revenue & Net Profit History
NERDWALLET, INC. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $222.2M | -1.4% | $20.4M | 9.2% |
| Q4 FY2025 | $225.4M | +22.6% | $14.0M | 6.2% |
| Q3 FY2025 | $215.1M | +12.4% | $26.3M | 12.2% |
| Q2 FY2025 | $186.9M | +24.1% | $8.2M | 4.4% |
| Q1 FY2025 | $209.2M | +29.2% | $200.0K | 0.1% |
| Q4 FY2024 | $183.8M | +37.5% | $38.6M | 21.0% |
| Q3 FY2024 | $191.3M | +25.2% | $100.0K | 0.1% |
| Q2 FY2024 | $150.6M | +5.1% | $-9.4M | -6.2% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $150.6M | $191.3M | $183.8M | $209.2M | $186.9M | $215.1M | $225.4M | $222.2M |
| YoY Growth | 5.1% | 25.2% | 37.5% | 29.2% | 24.1% | 12.4% | 22.6% | -1.4% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $446.2M | $402.4M | $437.6M | $475.0M | $476.0M | $492.8M | $461.1M | $432.0M |
| Liabilities | $66.8M | $80.0M | $73.4M | $103.4M | $86.0M | $90.4M | $86.6M | $95.8M |
| Equity | $379.4M | $322.4M | $364.2M | $371.6M | $390.0M | $402.4M | $374.5M | $336.2M |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $10.2M | $29.0M | $9.9M | $26.7M | $17.5M | $48.5M | $38.9M | $35.7M |