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Nerdwallet, Inc. cash flow statement

In fiscal 2025, Nerdwallet, Inc.'s operations generated $132m of cash; it spent $1.3m on capital projects, leaving free cash flow of $130m. It returned $70.2m through buybacks.

Cash flow statement

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

Fiscal year2019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Cash from operations31157257272132164
Depreciation and amortisation915273748484640
Stock-based pay56183439382928
Capital spending11251111
Free cash flow31145207171130163
Free cash flow after stock pay268−13−143334102136
Share buybacks————208070159
Shares issued05400————

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Nerdwallet, Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Nerdwallet, Inc.