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Side-by-side financial comparison of NERDWALLET, INC. (NRDS) and National Storage Affiliates Trust (NSA). Click either name above to swap in a different company.
NERDWALLET, INC. is the larger business by last-quarter revenue ($222.2M vs $187.0M, roughly 1.2× National Storage Affiliates Trust). National Storage Affiliates Trust runs the higher net margin — 12.2% vs 9.2%, a 3.1% gap on every dollar of revenue. On growth, NERDWALLET, INC. posted the faster year-over-year revenue change (-1.4% vs -1.6%). Over the past eight quarters, NERDWALLET, INC.'s revenue compounded faster (21.5% CAGR vs -2.4%).
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.
National Storage Affiliates Trust is a U.S.-headquartered real estate investment trust focused on self-storage assets. It owns, operates and acquires self-storage facilities across dozens of U.S. states, offering secure storage solutions for residential and commercial customers.
NRDS vs NSA — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $222.2M | $187.0M |
| Net Profit | $20.4M | $22.9M |
| Gross Margin | 93.9% | 72.5% |
| Operating Margin | 12.2% | 20.2% |
| Net Margin | 9.2% | 12.2% |
| Revenue YoY | -1.4% | -1.6% |
| Net Profit YoY | 45.7% | 36.8% |
| EPS (diluted) | $0.29 | $0.23 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $222.2M | — | ||
| Q4 25 | $225.4M | $187.0M | ||
| Q3 25 | $215.1M | $188.7M | ||
| Q2 25 | $186.9M | $188.8M | ||
| Q1 25 | $209.2M | $188.4M | ||
| Q4 24 | $183.8M | $190.1M | ||
| Q3 24 | $191.3M | $193.6M | ||
| Q2 24 | $150.6M | $190.4M |
| Q1 26 | $20.4M | — | ||
| Q4 25 | $14.0M | $22.9M | ||
| Q3 25 | $26.3M | $18.4M | ||
| Q2 25 | $8.2M | $19.5M | ||
| Q1 25 | $200.0K | $13.0M | ||
| Q4 24 | $38.6M | $16.7M | ||
| Q3 24 | $100.0K | $18.7M | ||
| Q2 24 | $-9.4M | $17.1M |
| Q1 26 | 93.9% | — | ||
| Q4 25 | 94.0% | 72.5% | ||
| Q3 25 | 92.9% | 70.7% | ||
| Q2 25 | 91.1% | 70.5% | ||
| Q1 25 | 91.3% | 70.7% | ||
| Q4 24 | 90.9% | 72.5% | ||
| Q3 24 | 90.7% | 72.8% | ||
| Q2 24 | 90.1% | 72.6% |
| Q1 26 | 12.2% | — | ||
| Q4 25 | 8.6% | 20.2% | ||
| Q3 25 | 16.0% | 15.8% | ||
| Q2 25 | 5.7% | 16.5% | ||
| Q1 25 | 0.3% | 11.0% | ||
| Q4 24 | 4.7% | 14.5% | ||
| Q3 24 | 3.5% | 15.8% | ||
| Q2 24 | -6.4% | 17.2% |
| Q1 26 | 9.2% | — | ||
| Q4 25 | 6.2% | 12.2% | ||
| Q3 25 | 12.2% | 9.8% | ||
| Q2 25 | 4.4% | 10.3% | ||
| Q1 25 | 0.1% | 6.9% | ||
| Q4 24 | 21.0% | 8.8% | ||
| Q3 24 | 0.1% | 9.7% | ||
| Q2 24 | -6.2% | 9.0% |
| Q1 26 | $0.29 | — | ||
| Q4 25 | $0.19 | $0.23 | ||
| Q3 25 | $0.34 | $0.17 | ||
| Q2 25 | $0.11 | $0.19 | ||
| Q1 25 | $0.00 | $0.10 | ||
| Q4 24 | $0.49 | $0.19 | ||
| Q3 24 | $0.00 | $0.18 | ||
| Q2 24 | $-0.12 | $0.16 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $56.3M | $23.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $336.2M | $946.0M |
| Total Assets | $432.0M | $5.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $56.3M | — | ||
| Q4 25 | $98.3M | $23.3M | ||
| Q3 25 | $120.6M | $26.3M | ||
| Q2 25 | $105.3M | $26.1M | ||
| Q1 25 | $92.2M | $19.3M | ||
| Q4 24 | $66.3M | $50.4M | ||
| Q3 24 | $71.7M | $69.9M | ||
| Q2 24 | $113.8M | $59.0M |
| Q1 26 | $336.2M | — | ||
| Q4 25 | $374.5M | $946.0M | ||
| Q3 25 | $402.4M | $973.1M | ||
| Q2 25 | $390.0M | $1.0B | ||
| Q1 25 | $371.6M | $1.0B | ||
| Q4 24 | $364.2M | $1.1B | ||
| Q3 24 | $322.4M | $986.9M | ||
| Q2 24 | $379.4M | $1.2B |
| Q1 26 | $432.0M | — | ||
| Q4 25 | $461.1M | $5.1B | ||
| Q3 25 | $492.8M | $5.1B | ||
| Q2 25 | $476.0M | $5.2B | ||
| Q1 25 | $475.0M | $5.3B | ||
| Q4 24 | $437.6M | $5.4B | ||
| Q3 24 | $402.4M | $5.4B | ||
| Q2 24 | $446.2M | $5.3B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $35.7M | $338.5M |
| Free Cash FlowOCF − Capex | — | $299.8M |
| FCF MarginFCF / Revenue | — | 160.3% |
| Capex IntensityCapex / Revenue | — | 20.7% |
| Cash ConversionOCF / Net Profit | 1.75× | 14.79× |
| TTM Free Cash FlowTrailing 4 quarters | — | $541.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $35.7M | — | ||
| Q4 25 | $38.9M | $338.5M | ||
| Q3 25 | $48.5M | $100.2M | ||
| Q2 25 | $17.5M | $79.9M | ||
| Q1 25 | $26.7M | $85.6M | ||
| Q4 24 | $9.9M | $363.1M | ||
| Q3 24 | $29.0M | $105.7M | ||
| Q2 24 | $10.2M | $83.2M |
| Q1 26 | — | — | ||
| Q4 25 | $38.6M | $299.8M | ||
| Q3 25 | $48.4M | $88.0M | ||
| Q2 25 | $16.8M | $73.8M | ||
| Q1 25 | $26.5M | $79.9M | ||
| Q4 24 | $9.7M | $344.4M | ||
| Q3 24 | $28.9M | $101.8M | ||
| Q2 24 | $9.9M | $79.5M |
| Q1 26 | — | — | ||
| Q4 25 | 17.1% | 160.3% | ||
| Q3 25 | 22.5% | 46.6% | ||
| Q2 25 | 9.0% | 39.1% | ||
| Q1 25 | 12.7% | 42.4% | ||
| Q4 24 | 5.3% | 181.2% | ||
| Q3 24 | 15.1% | 52.6% | ||
| Q2 24 | 6.6% | 41.7% |
| Q1 26 | — | — | ||
| Q4 25 | 0.1% | 20.7% | ||
| Q3 25 | 0.0% | 6.5% | ||
| Q2 25 | 0.4% | 3.2% | ||
| Q1 25 | 0.1% | 3.0% | ||
| Q4 24 | 0.1% | 9.8% | ||
| Q3 24 | 0.1% | 2.0% | ||
| Q2 24 | 0.2% | 1.9% |
| Q1 26 | 1.75× | — | ||
| Q4 25 | 2.78× | 14.79× | ||
| Q3 25 | 1.84× | 5.44× | ||
| Q2 25 | 2.13× | 4.10× | ||
| Q1 25 | 133.50× | 6.59× | ||
| Q4 24 | 0.26× | 21.70× | ||
| Q3 24 | 290.00× | 5.65× | ||
| Q2 24 | — | 4.88× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NRDS
| Consumer | $197.6M | 89% |
| SMB | $24.6M | 11% |
NSA
Segment breakdown not available.
