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Complete financial analysis of NerdWallet, Inc. (NRDS) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of NerdWallet, Inc., a leading company in the Financial – Credit Services industry within the Financial Services sector.
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NerdWallet, Inc. (NRDS)
About NerdWallet, Inc.
NerdWallet, Inc. operates a digital platform that provides consumer-driven advice about personal finance by connecting individuals and small and mid-sized businesses with financial products providers. The company's platform offers guidance to consumers through educational content, tools and calculators, and product marketplaces, as well as NerdWallet app for various financial products, including credit cards, mortgages, insurance, SMB products, personal loans, banking, investing, and student loans. It serves customers in the United States, the United Kingdom, and Canada. The company was founded in 2009 and is based in San Francisco, California.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Revenue | 599.40M | 538.90M | 379.60M | 245.30M | 228.30M |
| Cost of Revenue | 54.00M | 39.80M | 28.50M | 21.30M | 16.10M |
| Gross Profit | 545.40M | 499.10M | 351.10M | 224.00M | 212.20M |
| Gross Profit Ratio | 90.99% | 92.61% | 92.49% | 91.32% | 92.95% |
| Research & Development | 80.50M | 77.60M | 62.20M | 50.90M | 46.00M |
| General & Administrative | 59.80M | 58.20M | 38.50M | 28.00M | 22.20M |
| Selling & Marketing | 401.50M | 375.60M | 271.30M | 144.00M | 115.60M |
| SG&A | 461.30M | 433.80M | 309.80M | 172.00M | 137.80M |
| Other Expenses | 0.00 | 6.70M | 18.10M | -100.00K | -500.00K |
| Operating Expenses | 541.80M | 518.10M | 390.10M | 222.90M | 183.80M |
| Cost & Expenses | 595.80M | 557.90M | 418.60M | 244.20M | 199.90M |
| Interest Income | 3.60M | 1.50M | 1.30M | 200.00K | 1.10M |
| Interest Expense | 800.00K | 2.50M | 1.30M | 1.10M | 1.10M |
| Depreciation & Amortization | 48.20M | 37.00M | 35.00M | 21.90M | 15.70M |
| EBITDA | 55.30M | 19.50M | -9.30M | 16.30M | 44.70M |
| EBITDA Ratio | 9.23% | 3.62% | -2.45% | 6.64% | 16.82% |
| Operating Income | 3.60M | -17.50M | -39.00M | 1.20M | 28.40M |
| Operating Income Ratio | 0.60% | -3.25% | -10.27% | 0.49% | 12.44% |
| Total Other Income/Expenses | 2.70M | -1.00M | 1.30M | -1.00M | -500.00K |
| Income Before Tax | 6.30M | -20.00M | -37.70M | 900.00K | 27.90M |
| Income Before Tax Ratio | 1.05% | -3.71% | -9.93% | 0.37% | 12.22% |
| Income Tax Expense | 18.10M | -9.80M | 4.80M | -4.40M | 3.70M |
| Net Income | -11.80M | -10.20M | -42.50M | 5.30M | 24.20M |
| Net Income Ratio | -1.97% | -1.89% | -11.20% | 2.16% | 10.60% |
| EPS | -0.15 | -0.14 | -0.63 | 0.08 | 0.37 |
| EPS Diluted | -0.15 | -0.14 | -0.63 | 0.08 | 0.37 |
| Weighted Avg Shares Out | 76.70M | 70.60M | 67.07M | 65.83M | 65.83M |
| Weighted Avg Shares Out (Dil) | 76.70M | 70.60M | 67.07M | 65.83M | 65.83M |
Why NerdWallet Stock Tumbled Today
Management cited headwinds in the credit card and insurance verticals. Second-quarter guidance was well below expectations.
NerdWallet, Inc. (NRDS) Q1 2023 Earnings Call Transcript
Start Time: 16:30 January 1, 0000 5:22 PM ET NerdWallet, Inc. (NASDAQ:NRDS ) Q1 2023 Earnings Conference Call May 02, 2023, 16:30 PM ET Company Participants Tim Chen - CEO Lauren StClair - CFO Caitlin MacNamee - Head, IR Conference...
NerdWallet, Inc. (NRDS) Surpasses Q1 Earnings and Revenue Estimates
NerdWallet, Inc. (NRDS) came out with quarterly earnings of $0.02 per share, beating the Zacks Consensus Estimate of a loss of $0.04 per share. This compares to loss of $0.16 per share a year ago.
NerdWallet Reports First Quarter 2023 Results
SAN FRANCISCO--(BUSINESS WIRE)--NerdWallet, Inc. (Nasdaq: NRDS), a platform that provides financial guidance to consumers and small and mid-sized businesses (SMBs), today reported financial results for its first quarter ended March 31, 2023. “We delivered solid financial results in Q1 during...
NerdWallet Announces Conference Call to Review 2023 First Quarter Financial Results
SAN FRANCISCO--(BUSINESS WIRE)--NerdWallet, Inc. (NASDAQ: NRDS), a platform that provides financial guidance to consumers and small and mid-sized businesses (SMBs), today announced that it will release its first quarter 2023 financial results on Tuesday, May 2, 2023, and hold a...
NerdWallet Announces Conference Call to Review 2023 First Quarter Financial Results
SAN FRANCISCO--(BUSINESS WIRE)--NerdWallet, Inc. (NASDAQ: NRDS), a platform that provides financial guidance to consumers and small and mid-sized businesses (SMBs), today announced that it will release its first quarter 2023 financial results on Tuesday, May 2, 2023, and hold a...
This Finance Stock Is Up 119% Year to Date. Is It a Buy?
NerdWallet is a personal finance site that lets consumers shop for and compare a variety of financial products. Investors are optimistic about its solid earnings in the second half of last year.
Why NerdWallet Stock Rose 27.5% This Week
The personal finance company posted solid gains in Q4.
Nerdwallet, Upstart Lead Earnings Avalanche as FinTech IPO Index Gains 1%
The earnings cavalcade continues. For the FinTech IPO Index, gainers battled declining stocks to a draw.
MPOWER Financing Named “Best Student Loan for International & DACA Students in 2023” by NerdWallet’s Best-Of Awards
WASHINGTON--(BUSINESS WIRE)--NerdWallet, Inc. (Nasdaq: NRDS), a platform that provides financial guidance to consumers and small and mid-sized businesses (SMBs), found in their recent survey that only 30% of Americans know where to find reputable information when they have questions about...
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Category: Stock Reports