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Nerdwallet, Inc. (NRDS) stock

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NASDAQ: NRDS Nasdaq Interactive Media & Services Next results ~November 5, 2026

B Fundamentals grade

Nerdwallet, Inc. is a US-listed company in the interactive media & services industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: our cash-flow value ($43.79) is 4.07x the share price ($10.76); a gap this wide almost always means a data problem.

Price vs value

Under review: our cash-flow value ($43.79) is 4.07x the share price ($10.76); a gap this wide almost always means a data problem. We'll show the comparison once resolved.

Nerdwallet, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 4 selling0 purchases and 22 sales by directors and officers, last 12 monthsInsider trades
  • Funds74 adding, 87 cuttingOf 34 active managers that changed their stake, 15 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Nerdwallet files

Where Nerdwallet stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $860m, up 11.5% on a year earlier, slower than the 15.6% growth a quarter earlier. Free-cash-flow margin rose to 19.0% from 10.6% a year earlier. Operating margin widened to 10.2% from 3.5%. The diluted share count is down 7.6% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades B. It passes 3 of our 3 financial-health checks.

Our model value for Nerdwallet is under review, so past values are not shown until it is resolved.

Source: 10-Q filed August 6, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 5, 2026 (estimated)

Nerdwallet, Inc.'s trailing-twelve-month revenue grew 11.5% year on year, with a free-cash-flow margin of 19.0%. Where it stands out: gross margin of 93.5% ranks 3 of 54 interactive media & services companies we cover.

Our discounted-cash-flow model values the business at ~$44 per share in the base case (~$33–$57 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 99.5% while net income grew 38.0%: a 62pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Priced below our value. The share price of $11.00 is 298% below our value per share of $44.
  • Margins widening. Operating margin is up 6.8 points on a year ago.
  • Shrinking share count. Diluted shares fell 7.6% in a year, so each share owns more of the business.
  • Estimates rising. Analysts' consensus for next year's earnings per share has risen 9.7% over 90 days.

Things to watch

  • Results due soon. Results are expected around 5 November; the share price can move sharply on the day.
  • Volatile shares. Over the past year the shares showed annualised volatility of 49% and a beta of 0.7 against the S&P 500.
  • Insiders selling. 4 insiders sold $37M of stock over the past 365 days and none bought (0% under pre-set trading plans).
  • Growth easing. The growth rate is 4.1 points lower than a quarter earlier.
  • Below peers: change in growth rate. Change in growth rate of -4.1pp ranks 50 of 63 interactive media & services companies we cover (median -0.2pp).
  • Heavily shorted. 20.8% of the shares available to trade are sold short (6.7 days of average volume to cover).

Latest results: FY2026 Q2

Filed August 6, 2026
Earnings per share
$0.06 against an average estimate of $0.20: missed by 67.8%
Revenue
$197m, up 5.6% on a year earlier
Share reaction
+9.1% in the first session after the results on August 6, 2026, against +0.5% for the S&P 500
Next report
November 5, 2026; average EPS estimate $0.36

Nerdwallet's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-1.6%
  • 1 week+1.9%
  • 1 month+27.5%
  • This year-18.8%
  • 1 year-5.7%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$860M
Operating margin
10.2%
Net margin
7.6%
EPS (TTM, diluted)
$0.91

Growth

Revenue growth
+11.5%
Change in growth rate
−4.1 pts
Share count change
−7.6%

Cash

Free cash flow (TTM)
$163M
FCF margin
19.0%
Stock pay % of revenue
3.2%

Earnings

Last results
August 6, 2026
Next results (est.)
November 5, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Nerdwallet, Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: held for review: our cash-flow value ($43.79) is 4.07x the share price ($10.76); a gap this wide almost always means a data problem.

Our value per share comes from a discounted-cash-flow model of Nerdwallet, Inc.'s free cash flow after stock-based pay ( $94.8M, FY2026 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Nerdwallet, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 10%: the 10-year Treasury yield (4.9%) plus a beta of 1.12 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$44 ~$33–$57 Primary model, counts double
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. ~$1.4 ~$6.3–$19 Left out: out of range vs price (0.13x)
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$1.1 ~$0.7–$1.9 Left out: out of range vs price (0.10x)
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: This model is withheld pending its input or assumption review.
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Nerdwallet, Inc. with Interactive Media & Services in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20212022202320242025Now
Share price$15.55$9.60$14.72$13.30$13.55$11.00
Market value$807m$678m$1.1bn$1.0bn$1.0bn$787m
+ Net debt (− = net cash)−$168m−$14m−$100m−$64m−$91m−$62m
Enterprise value$639m$664m$1.0bn$986m$937m$725m
Multiples
Price / sales 2.1x1.3x1.9x1.5x1.2x0.9x
Price / earnings ———34.5x21.1x12.1x
Price / free cash flow 164.7x33.2x15.8x14.7x7.9x4.8x
EV / EBITDA —36.9x19.9x17.1x8.4x5.7x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

39 /100

Weak moat

How hard Nerdwallet's competitive advantage looks for rivals to wear away, judged from 5 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median 0.1% of total assets over 5 years.

  • Pricing power 20 / 20

    Gross margin has been a median 91.5%, moving by 1.2 percentage points (standard deviation) across 5 years.

  • Durability 0 / 20

    Operating margin has been a median 0.5%; its worst year was -4.7%.

  • Cash conversion 15 / 20

    Free cash flow was positive in 5 of 5 years, at a median 10.6% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (44 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 5, 2026, after the close. Analysts expect revenue of $252m and EPS of $0.36 (range $0.36 to $0.36) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $1.32 +175% $913m +9%
Next $2.26 +71% $968m +6%

Next year's EPS estimate has moved +9.7% in 90 days, across 1 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +1.2% on 90 days ago. In the last 30 days, 1 analyst raised Nerdwallet, Inc.'s forecast and 0 cut it.

Consensus EPS forecast Nerdwallet, Inc., last 90 days
$1.00 $1.50 $2.00 $2.50 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $1.30 Current fiscal year, 60 days ago: $1.30 Current fiscal year, 30 days ago: $1.30 Current fiscal year, 7 days ago: $1.30 Current fiscal year, Now: $1.32 $1.32 Next fiscal year, 90 days ago: $2.06 Next fiscal year, 60 days ago: $2.06 Next fiscal year, 30 days ago: $2.26 Next fiscal year, 7 days ago: $2.26 Next fiscal year, Now: $2.26 $2.26

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $1.30$2.06
60 days ago $1.30$2.06
30 days ago $1.30$2.26
7 days ago $1.30$2.26
Now $1.32$2.26

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.20 $0.06 −67.8%
Mar 2026 $0.42 $0.31 −25.2%
Dec 2025 $0.29 $0.15 −48.7%
Sept 2025 $0.32 $0.35 +10.6%

Adjusted EPS as companies report it, against the average analyst estimate.

How our valuation uses these forecasts

Our cash-flow model grows Nerdwallet, Inc.'s revenue by +10.9% next year and +11.4% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+9.4%, weight 45%) and the company's own record (+12.2%, weight 55%) . How the weights are set.

Analyst recommendations

5 analysts, Oct 2026
Buy360%
Hold120%
Sell120%

Monthly trend

  1. Oct 20263115
  2. Sep 20264116
  3. Aug 20264116

Counts of recommendations published by analysts covering Nerdwallet, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
20.8%
of tradable shares
Days to cover
6.72
at average volume
Short interest, 1 month
+12%
to October 15, 2026
Held by institutions
90%
of shares
Held by insiders
5.8%
of shares
Employees
650
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −5.7%

$11.67 on October 31, 2025 to $11.00

ThenNowEffect
Revenue (last 12 months) $771m $860m +11.5%
Net margin 6.1% 7.6% +23.8%
P/E multiple 19.2x 12.1x −36.9%
Share count 77m 72m +8.3%

Biggest factor: p/e multiple.

Last 3 years −4.0%

$11.46 on November 3, 2023 to $11.00

ThenNowEffect
Revenue (last 12 months) $598m $860m +43.9%
Net margin 0.1% 7.6% +7426.6%
P/E multiple n/m 12.1x −99.2%
Share count 76m 72m +6.4%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 20222023202420252026 to date
Return
NRDS−38%+53%−10%+2%−19%
Industry peers (median)−54%−6%−21%−16%−27%
S&P 500−18%+26%+25%+18%+11%
Months that ended higher
NRDS50%58%50%50%36%
S&P 50042%67%75%75%46%
Largest fall from a high during the year
NRDS−54%−70%−37%−49%−46%
S&P 500−25%−10%−8%−19%−9%

Worst fall since November 4, 2021: 77% from November 4, 2021 to October 25, 2023. Getting back needed a 335% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$7.58 – $15.93
From 52-week high
−30.9%
vs 50-day average
+13.9%
vs 200-day average
+11.9%
Volatility (1 year)
49%
Beta vs S&P 500
0.71

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
7 up, 5 down
typical move ±18.7%
After a week
7 up, 5 down
typical move ±23.9%
After a month
7 up, 5 down
typical move ±21.5%
Results releasedNext dayS&P 500 next day5 days21 days
August 6, 2026 +9.1% +0.5% +10.1% +8.8%
May 6, 2026 −10.3% +1.1% −28.5% −26.8%
February 25, 2026 +15.8% +0.3% +16.8% +10.1%
November 6, 2025 +13.3% −1.0% +18.4% +25.7%
August 7, 2025 −17.1% +0.7% −6.6% +1.1%
May 6, 2025 +28.7% −0.4% +36.9% +28.1%
February 19, 2025 −18.6% −0.2% −27.0% −35.6%
October 29, 2024 +30.1% −0.1% +35.6% +22.9%
July 31, 2024 −27.8% +0.2% −32.8% −18.4%
April 25, 2024 −6.3% +0.6% −1.8% −0.2%
February 14, 2024 +4.1% +1.6% +1.3% −2.4%
October 26, 2023 +43.5% −1.6% +70.7% +78.2%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Nerdwallet, Inc. in five measures

Fundamentals grade B
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Nerdwallet, Inc.
$500M $600M $700M $800M $900M FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $607.7M Revenue (TTM), FY23 Q4: $599.4M Revenue (TTM), FY24 Q1: $591.7M Revenue (TTM), FY24 Q2: $599M Revenue (TTM), FY24 Q3: $637.5M Revenue (TTM), FY24 Q4: $687.6M Revenue (TTM), FY25 Q1: $734.9M Revenue (TTM), FY25 Q2: $771.2M Revenue (TTM), FY25 Q3: $795M Revenue (TTM), FY25 Q4: $836.6M Revenue (TTM), FY26 Q1: $849.6M Revenue (TTM), FY26 Q2: $860M $860M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $607.7M
FY23 Q4 $599.4M
FY24 Q1 $591.7M
FY24 Q2 $599M
FY24 Q3 $637.5M
FY24 Q4 $687.6M
FY25 Q1 $734.9M
FY25 Q2 $771.2M
FY25 Q3 $795M
FY25 Q4 $836.6M
FY26 Q1 $849.6M
FY26 Q2 $860M
Revenue growth, TTM YoY Nerdwallet, Inc.
0% 10% 20% 30% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 22.4% Revenue growth, TTM YoY, FY23 Q4: 11.2% Revenue growth, TTM YoY, FY24 Q1: 2.1% Revenue growth, TTM YoY, FY24 Q2: 0.3% Revenue growth, TTM YoY, FY24 Q3: 4.9% Revenue growth, TTM YoY, FY24 Q4: 14.7% Revenue growth, TTM YoY, FY25 Q1: 24.2% Revenue growth, TTM YoY, FY25 Q2: 28.7% Revenue growth, TTM YoY, FY25 Q3: 24.7% Revenue growth, TTM YoY, FY25 Q4: 21.7% Revenue growth, TTM YoY, FY26 Q1: 15.6% Revenue growth, TTM YoY, FY26 Q2: 11.5% 11.5%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 22.4%
FY23 Q4 11.2%
FY24 Q1 2.1%
FY24 Q2 0.3%
FY24 Q3 4.9%
FY24 Q4 14.7%
FY25 Q1 24.2%
FY25 Q2 28.7%
FY25 Q3 24.7%
FY25 Q4 21.7%
FY26 Q1 15.6%
FY26 Q2 11.5%
Operating margin (TTM) Nerdwallet, Inc.
0% 5% 10% 15% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 1.1% Operating margin (TTM), FY23 Q4: 0.6% Operating margin (TTM), FY24 Q1: 1.4% Operating margin (TTM), FY24 Q2: 0.5% Operating margin (TTM), FY24 Q3: 0.8% Operating margin (TTM), FY24 Q4: 1.4% Operating margin (TTM), FY25 Q1: 0.9% Operating margin (TTM), FY25 Q2: 3.5% Operating margin (TTM), FY25 Q3: 6.9% Operating margin (TTM), FY25 Q4: 7.8% Operating margin (TTM), FY26 Q1: 10.8% Operating margin (TTM), FY26 Q2: 10.2% 10.2%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 1.1%
FY23 Q4 0.6%
FY24 Q1 1.4%
FY24 Q2 0.5%
FY24 Q3 0.8%
FY24 Q4 1.4%
FY25 Q1 0.9%
FY25 Q2 3.5%
FY25 Q3 6.9%
FY25 Q4 7.8%
FY26 Q1 10.8%
FY26 Q2 10.2%
FCF margin (TTM) Nerdwallet, Inc.
10% 15% 20% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 10.2% FCF margin (TTM), FY23 Q4: 11.9% FCF margin (TTM), FY24 Q1: 13.2% FCF margin (TTM), FY24 Q2: 16.4% FCF margin (TTM), FY24 Q3: 14.3% FCF margin (TTM), FY24 Q4: 10.4% FCF margin (TTM), FY25 Q1: 10.2% FCF margin (TTM), FY25 Q2: 10.6% FCF margin (TTM), FY25 Q3: 12.8% FCF margin (TTM), FY25 Q4: 15.6% FCF margin (TTM), FY26 Q1: 16.4% FCF margin (TTM), FY26 Q2: 19.0% 19.0%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 10.2%
FY23 Q4 11.9%
FY24 Q1 13.2%
FY24 Q2 16.4%
FY24 Q3 14.3%
FY24 Q4 10.4%
FY25 Q1 10.2%
FY25 Q2 10.6%
FY25 Q3 12.8%
FY25 Q4 15.6%
FY26 Q1 16.4%
FY26 Q2 19.0%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Nerdwallet took in during FY2025, followed through to profit: what it cost to make, what went on research and running the business, and what was left after tax.

  1. Revenue $837M
  2. Cost of revenue $63.7M · 7.6%
  3. Gross profit $773M · 92.4%
  4. Research and development $66.7M · 8.0%
  5. Selling, general and admin $641M · 76.6%
  6. Operating income $65.2M · 7.8%
  7. Income tax $19.5M · 2.3%
  8. Net income $48.7M · 5.8%

Shares of revenue. Source: Nerdwallet's 10-K for FY2025, as filed with the SEC.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 228 245 380 539 599 688 837 860
Gross profit 212 224 351 499 545 624 773 804
EBITDA 38 17 −12 18 52 58 112 128
Operating income 28 2 −39 −19 4 9 65 88
Net income 24 5 −43 −10 −12 30 49 65
Diluted EPS $0.45 $0.09 −$0.82 −$0.14 −$0.15 $0.38 $0.64 $0.91
Growth (year on year)
Revenue — +7.4% +54.7% +42.0% +11.2% +14.7% +21.7% +11.5%
EBITDA — −55.0% −170.0% — +187.8% +11.6% +93.1% +67.9%
Operating income — −93.3% — — — — — +229.6%
Net income — −78.1% −901.9% — — — +60.2% +38.0%
Diluted EPS — −80.0% <−999% — — — +68.4% +49.4%
Margins
Gross margin 92.9% 91.3% 92.5% 92.6% 91.0% 90.8% 92.4% 93.5%
EBITDA margin 16.6% 6.9% −3.1% 3.3% 8.6% 8.4% 13.3% 14.9%
Operating margin 12.4% 0.8% −10.3% −3.5% 0.6% 1.4% 7.8% 10.2%
Net margin 10.6% 2.2% −11.2% −1.9% −2.0% 4.4% 5.8% 7.6%
Free-cash-flow margin 13.4% 5.7% 1.3% 3.8% 11.9% 10.4% 15.6% 19.0%
Cash flow
Cash from operations 31 15 7 25 72 72 132 164
Capital spending 1 1 2 5 1 1 1 1
Free cash flow 31 14 5 20 71 71 130 163
Stock-based pay 5 6 18 34 39 38 29 28
Free cash flow after stock pay 26 8 −13 −14 33 34 102 136
Balance sheet
Cash 68 83 168 84 100 66 98 62
Total debt 0 30 0 70 0 3 7 0
Net debt (negative = net cash) −68 −53 −168 −14 −100 −64 −91 −62
Diluted shares 54m 56m 52m 71m 77m 79m 76m 72m
Returned to shareholders
Buybacks — — — — 20 80 70 159
Total returned — — — — 20 80 70 159

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

3 of 3 checks passed · June 30, 2026
What it owns · $418m
Short-term assets $201mLonger-term assets $217m
What it owes, and who funded it · $418m
Short-term liabilities $77mLonger-term liabilities $15mShareholders' equity $326m
  • Short-term assets cover short-term liabilities $201m of assets due within a year against $77m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $201m short-term assets against $15m of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Operating income of $88m against $600,000 of interest.

From Nerdwallet, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q2 TTM
Buybacks (TTM)
$159M
Returned to shareholders
97%
of free cash flow
Buybacks, last 3 fiscal years
$170M
Diluted share count
−7.6%
year over year
Total shareholder yield
22.6%
dividends 0.0% + buybacks 22.6% of market value
R&D spending
7.7%
of revenue

Competitors: side by side with peers

Closest by revenue in interactive media & services
Last 12 months unless stated NRDS BMBL ATHM SSTK UPWK CARG Median
Revenue, last 12 months $860m $893m $898m $901m $771m $967m $615m
Revenue growth, last 12 months 11.5% −13.3% −8.2% −10.8% −1.2% 13.9% 2.4%
Revenue growth, 3-year average 12.9% −2.9% 65.5% 2.1% 5.0% −6.5% 5.0%
Revenue growth, latest quarter 5.6% −15.2% — −16.9% −8.0% 13.1% 2.4%
Gross margin 93.5% 72.8% 72.4% 56.9% 76.9% 92.3% 60.4%
Operating margin 10.2% −62.6% 11.9% −17.3% 16.0% 28.6% 0.3%
Operating margin, 3-year average 4.7% −52.5% 23.2% −1.1% 12.9% 23.9% −0.4%
Net margin 7.6% −58.0% 22.4% −22.9% 13.5% 18.2% 3.8%
Cash from operations / revenue 19.1% 29.9% 13.8% 14.7% 25.9% 33.0% 11.4%
Free-cash-flow margin 19.0% 27.9% 12.0% 10.0% 24.8% 32.6% 7.5%
Free-cash-flow margin, 3-year average 15.3% 17.0% 31.9% 4.7% 23.3% 24.9% 7.2%
Stock pay / revenue 3.2% 4.7% 3.4% 5.9% 7.7% 5.3% 3.7%
Change in share count −7.6% — −3.0% 2.9% −7.0% −8.1% 2.0%

Median of all 63 companies we cover in interactive media & services. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

63 interactive media & services companies
Measure Company Peer median Rank
Revenue growth Growth 11.5% 2.4% 29 of 63
Change in growth rate Growth -4.1pp -0.2pp 50 of 63
Gross margin Profitability 93.5% 60.9% 3 of 54
Operating margin Profitability 10.2% 0.3% 20 of 63
Net margin Profitability 7.6% 3.8% 23 of 63
Free-cash-flow margin Cash generation 19.0% 8.9% 18 of 59
Stock pay as % of revenue Cash generation 3.2% 3.9% 25 of 61
Change in share count Balance sheet -7.6% 1.7% 14 of 55

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Insurance $281M 33.6% ▲ 46.6%
Emerging Verticals $189M 22.6% ▲ 50.8%
Credit Card $133M 15.9% ▼ 24.4%
Loans $133M 15.9% ▲ 57.9%
SMB Products $100M 12.0% ▼ 8.9%

From Nerdwallet, Inc.'s 10-K filed February 25, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$252M
Institutions reporting
146
Shares held vs prior quarter
▼ 10.2%
Positions opened / closed
25 / 37

Top buyers and sellers, Q2 2026: 74 institutions bought and 87 sold ; the biggest buyer was Morgan Stanley (+422K shares) and the biggest seller Topline Capital Management, LLC (−2.0M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Topline Capital Management, LLC $30.4M 3.3M 12.1% ▼ 37.4%
Blackrock, Inc. $23.9M 2.6M 9.5% ▼ 15.7%
Arrowstreet Capital, Limited Partnership $16.4M 1.8M 6.5% ▼ 2.1%
Dimensional Fund Advisors LP $13.3M 1.4M 5.3% ▲ 8.4%
Vanguard Capital Management LLC $12.7M 1.4M 5.0% ▲ 0.9%
Quinn Opportunity Partners LLC $9.7M 1.1M 3.9% ▲ 6.4%
Jacobs Levy Equity Management, Inc $9.6M 1.0M 3.8% ▲ 42.9%
State Street Corp $8.6M 927K 3.4% ▲ 2.4%
Geode Capital Management, LLC $7.9M 852K 3.1% ▼ 7.3%
D. E. Shaw & Co., Inc. $7.5M 814K 3.0% ▲ 76.5%
Vanguard Portfolio Management LLC $7.3M 789K 2.9% ▼ 45.4%
FMR LLC $6.2M 666K 2.4% ▲ 42.2%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Nerdwallet, Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $37.5M 22 trades by 4 insiders · 0% under pre-set plans
Net ▼ $37.5M net selling
Insider Date Trade Shares Price Value
Topline Capital Partners, Lp 10% owner June 30, 2026 Sell 454,872 $9.27 $4.2M
Mcbirney Collin 10% owner June 30, 2026 Sell 454,872 $9.27 $4.2M
Topline Capital Partners, Lp 10% owner June 29, 2026 Sell 587,835 $9.22 $5.4M
Mcbirney Collin 10% owner June 29, 2026 Sell 587,835 $9.22 $5.4M
Topline Capital Partners, Lp 10% owner June 26, 2026 Sell 919,153 $8.95 $8.2M
Mcbirney Collin 10% owner June 26, 2026 Sell 919,153 $8.95 $8.2M
Yount Samuel Chief Business Officer March 17, 2026 Sell 35,402 $10.33 $365,703
Yount Samuel Chief Business Officer March 17, 2026 Sell 6,154 $10.26 $63,140
Yount Samuel Chief Business Officer March 17, 2026 Sell 24,278 $10.33 $250,792
Yount Samuel Chief Business Officer March 12, 2026 Sell 211 $10.60 $2,237
Yount Samuel Chief Business Officer March 12, 2026 Sell 2,800 $10.61 $29,708
Tatum Nicholas Chief Accounting Officer March 5, 2026 Sell pre-set plan 10,151 $11.45 $116,229

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 5, 2026 estimated from the company's past filing pattern, not announced

  • August 6, 2026
  • May 6, 2026
  • February 25, 2026
  • November 6, 2025
  • August 7, 2025
  • May 6, 2025

Recent SEC filings

Data status

When each part of this page on Nerdwallet, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Nerdwallet, Inc. in brief

What does Nerdwallet, Inc. do?
Nerdwallet, Inc. is a US-listed company in the interactive media & services industry. Its financial year ends in December.
What is Nerdwallet, Inc.'s stock ticker?
Nerdwallet, Inc. trades under the ticker NRDS on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Nerdwallet, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Nerdwallet, Inc. reported revenue of $860M, 11.5% higher than a year earlier, according to its SEC filings.
What is Nerdwallet, Inc.'s free cash flow?
Nerdwallet, Inc.'s free-cash-flow margin is 19.0% of revenue over the trailing twelve months, ranking 18 of the 59 interactive media & services companies we cover.
Who are Nerdwallet, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Topline Capital Management, LLC, Blackrock, Inc. and Arrowstreet Capital, Limited Partnership. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Nerdwallet, Inc. buying back stock, and does it pay a dividend?
Nerdwallet, Inc. spent $159M on share repurchases over the trailing twelve months, and its diluted share count fell 7.6% over the year.
What is Nerdwallet, Inc.'s market cap?
On November 2, 2026, Nerdwallet, Inc.'s market capitalisation was about $787M, with a price-to-earnings ratio of 12.1 and net debt of -$62M. Market figures come from third-party market data and may be delayed.
Who are Nerdwallet, Inc.'s competitors?
In our Interactive Media & Services peer group, the companies closest to Nerdwallet, Inc. are Bumble Inc., Autohome Inc., Shutterstock, Inc., Upwork, Inc and Cargurus, Inc. The side-by-side comparison below sets their revenue, margins and growth against Nerdwallet, Inc.'s.
Are insiders buying or selling Nerdwallet, Inc. stock?
Over the last 12 months, Nerdwallet, Inc.'s directors and officers reported 0 open-market purchases and 22 sales on Form 4. The insider trading page charts every trade.
When is Nerdwallet, Inc.'s next earnings date?
Around November 5, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Nerdwallet, Inc. announces its own schedule.