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Side-by-side financial comparison of NERDWALLET, INC. (NRDS) and Purple Innovation, Inc. (PRPL). Click either name above to swap in a different company.
NERDWALLET, INC. is the larger business by last-quarter revenue ($225.4M vs $140.7M, roughly 1.6× Purple Innovation, Inc.). NERDWALLET, INC. runs the higher net margin — 6.2% vs -2.3%, a 8.5% gap on every dollar of revenue. On growth, NERDWALLET, INC. posted the faster year-over-year revenue change (22.6% vs 9.1%). NERDWALLET, INC. produced more free cash flow last quarter ($38.6M vs $-7.8M). Over the past eight quarters, NERDWALLET, INC.'s revenue compounded faster (18.0% CAGR vs 8.3%).
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.
Purple Carrot is a Needham, Massachusetts-based, and 100% plant-based meal kit company. Founded by Andy Levitt, it offers both prepared meals as well as meal kits to subscribers weekly. As stated in a 2022 article in Cosmopolitan, “each Purple Carrot meal kit results in 72% less carbon being released into the atmosphere as compared to the standard American meal.”
NRDS vs PRPL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $225.4M | $140.7M |
| Net Profit | $14.0M | $-3.2M |
| Gross Margin | 94.0% | 41.9% |
| Operating Margin | 8.6% | -1.6% |
| Net Margin | 6.2% | -2.3% |
| Revenue YoY | 22.6% | 9.1% |
| Net Profit YoY | -63.7% | 62.1% |
| EPS (diluted) | $0.19 | $0.03 |
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.
| Q4 25 | $225.4M | $140.7M | ||
| Q3 25 | $215.1M | $118.8M | ||
| Q2 25 | $186.9M | $105.1M | ||
| Q1 25 | $209.2M | $104.2M | ||
| Q4 24 | $183.8M | $129.0M | ||
| Q3 24 | $191.3M | $118.6M | ||
| Q2 24 | $150.6M | $120.3M | ||
| Q1 24 | $161.9M | $120.0M |
| Q4 25 | $14.0M | $-3.2M | ||
| Q3 25 | $26.3M | $-11.7M | ||
| Q2 25 | $8.2M | $-17.3M | ||
| Q1 25 | $200.0K | $-19.1M | ||
| Q4 24 | $38.6M | $-8.5M | ||
| Q3 24 | $100.0K | $-39.2M | ||
| Q2 24 | $-9.4M | $27.0K | ||
| Q1 24 | $1.1M | $-50.2M |
| Q4 25 | 94.0% | 41.9% | ||
| Q3 25 | 92.9% | 42.8% | ||
| Q2 25 | 91.1% | 35.9% | ||
| Q1 25 | 91.3% | 39.4% | ||
| Q4 24 | 90.9% | 42.9% | ||
| Q3 24 | 90.7% | 29.7% | ||
| Q2 24 | 90.1% | 40.7% | ||
| Q1 24 | 91.2% | 34.8% |
| Q4 25 | 8.6% | -1.6% | ||
| Q3 25 | 16.0% | -10.2% | ||
| Q2 25 | 5.7% | -13.5% | ||
| Q1 25 | 0.3% | -13.9% | ||
| Q4 24 | 4.7% | -6.0% | ||
| Q3 24 | 3.5% | -39.5% | ||
| Q2 24 | -6.4% | -12.1% | ||
| Q1 24 | 2.3% | -19.3% |
| Q4 25 | 6.2% | -2.3% | ||
| Q3 25 | 12.2% | -9.9% | ||
| Q2 25 | 4.4% | -16.5% | ||
| Q1 25 | 0.1% | -18.4% | ||
| Q4 24 | 21.0% | -6.6% | ||
| Q3 24 | 0.1% | -33.1% | ||
| Q2 24 | -6.2% | 0.0% | ||
| Q1 24 | 0.7% | -41.8% |
| Q4 25 | $0.19 | $0.03 | ||
| Q3 25 | $0.34 | $0.11 | ||
| Q2 25 | $0.11 | $0.16 | ||
| Q1 25 | $0.00 | $0.18 | ||
| Q4 24 | $0.49 | $0.08 | ||
| Q3 24 | $0.00 | $0.36 | ||
| Q2 24 | $-0.12 | $0.00 | ||
| Q1 24 | $0.01 | $0.47 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $98.3M | $24.3M |
| Total DebtLower is stronger | — | $126.7M |
| Stockholders' EquityBook value | $374.5M | $-29.7M |
| Total Assets | $461.1M | $296.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $98.3M | $24.3M | ||
| Q3 25 | $120.6M | $32.4M | ||
| Q2 25 | $105.3M | $34.2M | ||
| Q1 25 | $92.2M | $21.6M | ||
| Q4 24 | $66.3M | $29.0M | ||
| Q3 24 | $71.7M | $23.4M | ||
| Q2 24 | $113.8M | $23.4M | ||
| Q1 24 | $110.9M | $34.5M |
| Q4 25 | — | $126.7M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $70.7M | ||
| Q3 24 | — | $50.8M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $374.5M | $-29.7M | ||
| Q3 25 | $402.4M | $-26.9M | ||
| Q2 25 | $390.0M | $-15.6M | ||
| Q1 25 | $371.6M | $1.3M | ||
| Q4 24 | $364.2M | $20.2M | ||
| Q3 24 | $322.4M | $28.0M | ||
| Q2 24 | $379.4M | $66.4M | ||
| Q1 24 | $378.7M | $65.5M |
| Q4 25 | $461.1M | $296.3M | ||
| Q3 25 | $492.8M | $302.1M | ||
| Q2 25 | $476.0M | $303.8M | ||
| Q1 25 | $475.0M | $293.8M | ||
| Q4 24 | $437.6M | $307.8M | ||
| Q3 24 | $402.4M | $309.3M | ||
| Q2 24 | $446.2M | $362.1M | ||
| Q1 24 | $446.1M | $382.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 3.50× | ||
| Q3 24 | — | 1.82× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $38.9M | $-5.8M |
| Free Cash FlowOCF − Capex | $38.6M | $-7.8M |
| FCF MarginFCF / Revenue | 17.1% | -5.5% |
| Capex IntensityCapex / Revenue | 0.1% | 1.4% |
| Cash ConversionOCF / Net Profit | 2.78× | — |
| TTM Free Cash FlowTrailing 4 quarters | $130.3M | $-41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $38.9M | $-5.8M | ||
| Q3 25 | $48.5M | $-968.0K | ||
| Q2 25 | $17.5M | $-4.0M | ||
| Q1 25 | $26.7M | $-23.1M | ||
| Q4 24 | $9.9M | $6.8M | ||
| Q3 24 | $29.0M | $1.1M | ||
| Q2 24 | $10.2M | $-8.9M | ||
| Q1 24 | $22.7M | $-16.8M |
| Q4 25 | $38.6M | $-7.8M | ||
| Q3 25 | $48.4M | $-1.8M | ||
| Q2 25 | $16.8M | $-7.0M | ||
| Q1 25 | $26.5M | $-25.3M | ||
| Q4 24 | $9.7M | $5.7M | ||
| Q3 24 | $28.9M | $101.0K | ||
| Q2 24 | $9.9M | $-11.0M | ||
| Q1 24 | — | $-19.9M |
| Q4 25 | 17.1% | -5.5% | ||
| Q3 25 | 22.5% | -1.5% | ||
| Q2 25 | 9.0% | -6.6% | ||
| Q1 25 | 12.7% | -24.3% | ||
| Q4 24 | 5.3% | 4.4% | ||
| Q3 24 | 15.1% | 0.1% | ||
| Q2 24 | 6.6% | -9.2% | ||
| Q1 24 | — | -16.5% |
| Q4 25 | 0.1% | 1.4% | ||
| Q3 25 | 0.0% | 0.7% | ||
| Q2 25 | 0.4% | 2.8% | ||
| Q1 25 | 0.1% | 2.2% | ||
| Q4 24 | 0.1% | 0.8% | ||
| Q3 24 | 0.1% | 0.9% | ||
| Q2 24 | 0.2% | 1.7% | ||
| Q1 24 | 0.0% | 2.5% |
| Q4 25 | 2.78× | — | ||
| Q3 25 | 1.84× | — | ||
| Q2 25 | 2.13× | — | ||
| Q1 25 | 133.50× | — | ||
| Q4 24 | 0.26× | — | ||
| Q3 24 | 290.00× | — | ||
| Q2 24 | — | -330.22× | ||
| Q1 24 | 20.64× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NRDS
| Insurance | $81.2M | 36% |
| Emerging Verticals | $52.9M | 23% |
| Loans | $42.3M | 19% |
| Credit Card | $26.5M | 12% |
| SMB Products | $22.5M | 10% |
PRPL
| Cost Of Revenues | $81.7M | 58% |
| Other | $59.0M | 42% |
