NERDWALLET (NRDS) Company Report

NerdWallet exceeded its Q4 2025 guidance, reporting revenue of $225 million, up 23% year-over-year, and non-GAAP operating income of $25 million, up 47% year-over-year. For the full year 2025, revenue reached $837 million, a 22% increase year-over-year, with non-GAAP operating income at $96 million, more than double the prior year.
Revenue growth was primarily driven by performance marketing and strong performance in personal loans, banking, and insurance, which offset declines in organic search, credit cards, and SMB products. The company noted that organic search continues to face headwinds from AI Overviews and LLMs.
For Q1 2026, NerdWallet expects revenue between $224 million and $232 million and non-GAAP operating income between $28 million and $32 million. The full year 2026 non-GAAP operating income guidance is set between $95 million and $110 million.
The company repurchased $51 million in shares during Q4 2025 and ended the year with a cash balance of $98 million.
Starting Q1 2026, NerdWallet will simplify its revenue reporting into two categories: Consumer (combining insurance, credit cards, loans, and emerging verticals) and SMB.

2 days ago

Transcript

NerdWallet Exceeds Q4 2025 Guidance Amidst Organic Search Headwinds

NRDS

Earnings

Guidance Update

Revenue Acceleration/Inflection

NerdWallet exceeded its Q4 2025 guidance for revenue and non-GAAP operating income, reporting $225 million in revenue (up 23% year-over-year) and $25 million in non-GAAP operating income (up 47% year-over-year). For the full year 2025, revenue was $837 million (up 22% year-over-year) and non-GAAP operating income was $96 million (up over 100% year-over-year).
Revenue growth was primarily driven by performance marketing, direct, and non-search referral channels, which more than offset steep organic search declines due to consumers increasingly turning to AI Overviews and LLMs. Lending revenue, particularly personal loans, and banking were strong contributors.
The company provided Q1 2026 revenue guidance in the range of $224 million to $232 million (up 9% year-over-year at the midpoint) and non-GAAP operating income between $28 million and $32 million. For the full year 2026, non-GAAP operating income is expected to be between $95 million and $110 million.
NerdWallet generated $118 million in adjusted free cash flow over the last four quarters and completed $51 million in share repurchases during Q4 2025, reflecting confidence in long-term prospects.
Starting Q1 2026, NerdWallet will simplify its revenue reporting from five categories to two: consumer and SMB, with consumer combining insurance, credit cards, loans, and emerging verticals.

2 days ago

Transcript

NerdWallet Exceeds Q4 2025 Guidance, Provides 2026 Outlook

NRDS

Earnings

Guidance Update

Revenue Acceleration/Inflection

NerdWallet exceeded its Q4 2025 guidance, reporting revenue of $225 million (up 23% year-over-year) and non-GAAP operating income of $25 million (up 47% year-over-year). For the full year 2025, revenue reached $837 million (up 22% year-over-year), with non-GAAP operating income of $96 million (up over 100% year-over-year).
Revenue growth was primarily driven by personal loans, banking, and insurance, with consumer verticals growing 27% for the full year, offsetting declines in credit cards and SMB products due to organic search headwinds from AI Overviews and LLMs. Growth in performance marketing and other non-search channels more than compensated for these declines.
The company generated $118 million in adjusted free cash flow over the last twelve months and executed $51 million in share repurchases during Q4 2025.
For Q1 2026, NerdWallet projects revenue between $224 million and $232 million and non-GAAP operating income between $28 million and $32 million. Full-year 2026 non-GAAP operating income is expected to be between $95 million and $110 million.
Starting Q1 2026, revenue reporting will be simplified to two categories: Consumer and SMB.

2 days ago

Transcript

NerdWallet Reports Q4 and Full Year 2025 Results, Provides 2026 Outlook, and Expands Share Repurchase Program

NRDS

Earnings

Guidance Update

Share Buyback

NerdWallet reported Q4 2025 revenue of $225.4 million, an increase of 23% year-over-year, contributing to full year 2025 revenue of $836.6 million, up 22% year-over-year. The company achieved Q4 2025 GAAP net income of $14.0 million or $0.19 income per diluted share, and full year 2025 GAAP net income of $48.7 million or $0.64 income per diluted share. Adjusted EBITDA for Q4 2025 was $36.7 million and for full year 2025 was $145.0 million.
In Q4 2025, Loans revenue increased 141% year-over-year, and Emerging verticals revenue grew 57% year-over-year, driven by personal loans, mortgage loans, and banking products. Conversely, Credit cards revenue decreased 24% and SMB products revenue decreased 12% year-over-year, primarily due to organic search headwinds.
The Board of Directors approved an increase of $100.0 million to the existing share repurchase program on February 20, 2026, bringing the total authorized amount for repurchases to $225 million.
For Q1 2026, revenue is expected in the range of $224-$232 million, and non-GAAP operating income is projected between $28-$32 million. For full year 2026, the company expects GAAP operating income in the range of $72-$89 million and Adjusted EBITDA in the range of $143-$158 million.

2 days ago

8-K

NerdWallet Exceeds Q3 2025 Guidance and Raises Full-Year Outlook

NRDS

Earnings

Guidance Update

Share Buyback

NerdWallet (NRDS) reported Q3 2025 total revenue of $215 million, exceeding its guidance range of $189-$197 million, and a non-GAAP operating income of $41 million, surpassing its $23-$27 million guidance.
Revenue growth was primarily driven by banking, up 96% year-over-year, and personal loans, up 91% year-over-year, while credit cards and SMB verticals experienced declines.
The company repurchased $19 million in shares during Q3 2025 and ended the quarter with a cash balance of $121 million.
For Q4 2025, NerdWallet expects revenue between $207 million and $250 million and non-GAAP operating income between $20 million and $24 million.
Full-year 2025 non-GAAP operating income guidance was raised to $91 million - $95 million, an increase of $18 million at the midpoint compared to previous guidance.

Nov 6, 2025, 9:30 PM

Transcript

NerdWallet Reports Third Quarter 2025 Results and Updates Full-Year Guidance

NRDS

Earnings

Guidance Update

Revenue Acceleration/Inflection

NerdWallet, Inc. (NRDS) reported Q3 2025 revenue of $215.1 million, marking a 12% increase year-over-year.
For Q3 2025, the company achieved GAAP net income of $26.3 million or $0.34 diluted income per share, non-GAAP operating income of $41.3 million, and Adjusted EBITDA of $53.6 million.
Loans revenue surged 66% year-over-year, and Emerging verticals revenue grew 83% year-over-year, while Credit cards revenue declined 25% and SMB products revenue decreased 15%.
For Q4 2025, revenue is expected to be between $207 million and $215 million, and the full-year 2025 Adjusted EBITDA forecast was increased to a range of $141 million to $145 million.

Nov 6, 2025, 9:08 PM

8-K

NerdWallet Reports Strong Q2 2025 Results and Raises Full-Year Guidance

NRDS

Earnings

Guidance Update

NerdWallet reported Q2 2025 revenue of $186.9 million, marking a 24% increase year-over-year, with GAAP net income of $8.2 million and Adjusted EBITDA of $33.6 million.
The company experienced significant growth in Insurance revenue, up 86% year-over-year to $54.7 million, and Emerging verticals revenue, up 64% to $44.9 million.
Conversely, Credit cards revenue decreased 25% to $34.8 million and SMB products revenue decreased 4% to $25.0 million, primarily due to persistent headwinds in organic search traffic.
NerdWallet increased its forecasted 2025 annual GAAP operating income to $38-$48 million, non-GAAP operating income to $71-$79 million, and Adjusted EBITDA to $120-$128 million.

Aug 7, 2025, 12:00 AM

8-K

NerdWallet Reports Q1 2025 Results

NRDS

Earnings

Guidance Update

Revenue Acceleration/Inflection

M&A

Revenue reached $209 million, up 29% YoY
Non-GAAP operating income was approximately $9 million, exceeding guidance levels
The Insurance segment surged to $74 million with a 246% YoY increase, driven by market normalization and enhanced shopping experiences
Forward guidance for Q2 2025 calls for revenue between $192-$200 million, GAAP operating income of $6-$10 million, and non-GAAP operating income of $14-$18 million
GAAP results showed operating income of $0.7 million and net income of $0.2 million
Segment performance was mixed with Credit card revenue down 24% YoY, Loans up 12% YoY, and SMB revenue declining 5% YoY
The company advanced its vertical integration strategy through the Next Door Lending acquisition, reinforcing its mortgage business and operational efficiencies

May 6, 2025, 12:00 AM

Transcript 8-K

NerdWallet Releases 2025 Investor Presentation

NRDS

Guidance Update

NerdWallet released its 2025 Investor Presentation on March 3, 2025, outlining full-year 2026 non-GAAP operating income guidance and strategic initiatives, including vertical integration in SMB and mortgages.
The presentation details the company’s mid- and long-term business vision with an emphasis on strengthening the brand and offering enhanced financial guidance, accessible via its Investor Relations website.

Mar 3, 2025, 12:00 AM

8-K

NerdWallet Reports Q4 2024 Earnings & Guidance Update

NRDS

Earnings

Revenue Acceleration/Inflection

Guidance Update

Revenue Performance: Q4 revenue reached $184 million (up 37% YoY) with full year revenue of approximately $688 million
Profitability Highlights: GAAP net income was around $38 million (including a $37.9 million income tax benefit) and non-GAAP operating income reached $17 million
Insurance Expansion: The insurance segment delivered $72 million in Q4, growing 821% YoY and driving overall performance
Guidance & Strategic Shifts: Updated guidance for Q1 2025 projects revenue of $187–$193 million, with FY 2025/2026 targets disclosed and a shift from volumetric metrics to quality engagement