NRDS on Nasdaq
NERDWALLET, INC.
American computer processing and data preparation services company. Summary from the record
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Last updated Oct 19, 2026.
Overview
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- TickerNRDS on Nasdaq2
- IndustryServices-Computer Processing & Data Preparation2
- HeadquartersSan Francisco, United States2
- Incorporated inDE4
- Business address19 S. B Street, Suite 9, San Mateo, Ca 944014
- Filer categoryAccelerated filer, Emerging growth company4
- Legal formCorporation2
- LEI254900FJ2Y4SH71DJ3792
- StatusActive2
- LEI statusLapsed (not renewed)2
- Registered addressc/o Business Filings Incorporated, 19801 Wilmington, United States2
- Registered withDivision of Corporations, Department of State, 47946442
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NerdWallet, Inc. (NerdWallet, the Company, we, our, or us) provides consumers and small and mid-sized businesses (SMBs) with trusted guidance across a broad range of finance topics through a digital platform that integrates independent editorial content, comparison tools, data-driven product marketplaces, and access to regulated financial services offered through our subsidiaries. Our mission is to provide clarity for all of life’s financial decisions. Our vision is a world where everyone makes financial decisions with confidence.5 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
7.8%Operating margin3
5.8%Net margin3
21.7%Revenue growth, 20253
13.0%Return on equity3
$130.3MFree cash flow3
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Insurance brought in 34% of the revenue NERDWALLET, INC. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Insurance | $45.0M | $191.6M | $280.8M |
| Emerging Verticals | $141.9M | $125.3M | $189.0M |
| Credit Card | $209.7M | $176.4M | $133.4M |
| Loans | $101.6M | $84.5M | $133.4M |
| SMB Products | $101.2M | $109.8M | $100.0M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue8¢$63.7M
- Research and development8¢$66.7M
- Other costs76¢$638.0M
- Income tax2¢$19.5M
- Profit6¢$48.7M
Out of $836.6M in revenue.3
Where each dollar of operating cash went, fiscal 2025
- Capital spending1¢$1.3M
- Share buybacks53¢$70.2M
- Kept or used elsewhere46¢$60.1M
Out of $131.6M of cash from operations.3
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Revenue | $836.6M | $687.6M | $599.4M |
| Cost of revenue | $63.7M | $63.5M | $54.0M |
| Research and development | $66.7M | $82.5M | $80.5M |
| Sales and marketing | $584.7M | $470.6M | $401.5M |
| General and administrative | $56.3M | $61.6M | $59.8M |
| Total costs and expenses | $771.4M | $678.2M | $595.8M |
| Income from Operations | $65.2M | $9.4M | $3.6M |
| Interest income | $3.2M | $4.8M | $3.6M |
| Interest expense | -$600.0K | -$700.0K | -$800.0K |
| Other gains (losses), net | $400.0K | -$8.5M | -$100.0K |
| Total other income (expense), net | $3.0M | -$4.4M | $2.7M |
| Income before income taxes | $68.2M | $5.0M | $6.3M |
| Income tax provision (benefit) | $19.5M | -$25.4M | $18.1M |
| Net Income (Loss) | $48.7M | $30.4M | -$11.8M |
| Basic (in dollars per share) | $0.66 | $0.40 | -$0.15 |
| Diluted (in dollars per share) | $0.64 | $0.38 | -$0.15 |
| Basic (in shares) | 74.3M shares | 76.5M shares | 76.7M shares |
| Diluted (in shares) | 75.9M shares | 78.9M shares | 76.7M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $98.3M | $66.3M | ||
| Accounts receivablenet | $111.0M | $102.2M | ||
| Prepaid expenses and other current assets | $35.4M | $28.2M | ||
| Total current assets | $244.7M | $196.7M | ||
| Property, equipment and softwarenet | $31.8M | $43.0M | ||
| Goodwill | $123.5M | $112.4M | $111.5M | |
| Intangible assetsnet | $21.5M | $33.3M | ||
| Deferred Income Tax Assets, Net | $29.4M | $45.6M | ||
| Right-of-use assets | $7.1M | $5.3M | ||
| Other assets | $3.1M | $1.3M | ||
| Total Assets | $461.1M | $437.6M | ||
| Accounts payable | $5.4M | $8.9M | ||
| Accrued expenses and other current liabilities | $65.5M | $51.2M | ||
| Total current liabilities | $70.9M | $60.1M | ||
| Other liabilitiesnoncurrent | $15.7M | $13.3M | ||
| Total liabilities | $86.6M | $73.4M | ||
| Preferred stock$0.0001 par value per share5,000 shares authorized; zero shares issued and outstanding | $0 | $0 | ||
| Common stock$0.0001 par value per share296,686 shares authorized; 71,289 and 74,108 shares issued and outstanding as of December 31, 2025 and 2024 | $0 | $0 | ||
| Additional paid-in capital | $562.5M | $530.9M | ||
| Accumulated other comprehensive income (loss) | $100.0K | -$200.0K | ||
| Accumulated deficit | -$188.1M | -$166.5M | ||
| Total stockholders equity | $374.5M | $364.2M | $366.9M | $341.7M |
| Total Liabilities and Stockholders Equity | $461.1M | $437.6M | ||
| Preferred stock, par value (in dollars per shares) | $0.00 | $0.00 | ||
| Preferred stock, authorized (in shares) | 5.0M shares | 5.0M shares | ||
| Preferred stock, issued (in shares) | 0 shares | 0 shares | ||
| Preferred stock, outstanding (in shares) | 0 shares | 0 shares | ||
| Common stock, par value (in dollars per shares) | $0.00 | $0.00 | ||
| Common stock, authorized (in shares) | 296.7M shares | 296.7M shares | ||
| Common stock, issued (in shares) | 71.3M shares | 74.1M shares | ||
| Common stock, outstanding (in shares) | 71.3M shares | 74.1M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $98.3M | $66.3M | ||
| Accounts receivablenet | $111.0M | $102.2M | ||
| Prepaid expenses and other current assets | $35.4M | $28.2M | ||
| Total current assets | $244.7M | $196.7M | ||
| Property, equipment and softwarenet | $31.8M | $43.0M | ||
| Goodwill | $123.5M | $112.4M | $111.5M | |
| Intangible assetsnet | $21.5M | $33.3M | ||
| Deferred Income Tax Assets, Net | $29.4M | $45.6M | ||
| Right-of-use assets | $7.1M | $5.3M | ||
| Other assets | $3.1M | $1.3M | ||
| Total Assets | $461.1M | $437.6M | ||
| Accounts payable | $5.4M | $8.9M | ||
| Accrued expenses and other current liabilities | $65.5M | $51.2M | ||
| Total current liabilities | $70.9M | $60.1M | ||
| Other liabilitiesnoncurrent | $15.7M | $13.3M | ||
| Total liabilities | $86.6M | $73.4M | ||
| Preferred stock$0.0001 par value per share5,000 shares authorized; zero shares issued and outstanding | $0 | $0 | ||
| Common stock$0.0001 par value per share296,686 shares authorized; 71,289 and 74,108 shares issued and outstanding as of December 31, 2025 and 2024 | $0 | $0 | ||
| Additional paid-in capital | $562.5M | $530.9M | ||
| Accumulated other comprehensive income (loss) | $100.0K | -$200.0K | ||
| Accumulated deficit | -$188.1M | -$166.5M | ||
| Total stockholders equity | $374.5M | $364.2M | $366.9M | $341.7M |
| Total Liabilities and Stockholders Equity | $461.1M | $437.6M | ||
| Preferred stock, par value (in dollars per shares) | $0.00 | $0.00 | ||
| Preferred stock, authorized (in shares) | 5.0M shares | 5.0M shares | ||
| Preferred stock, issued (in shares) | 0 shares | 0 shares | ||
| Preferred stock, outstanding (in shares) | 0 shares | 0 shares | ||
| Common stock, par value (in dollars per shares) | $0.00 | $0.00 | ||
| Common stock, authorized (in shares) | 296.7M shares | 296.7M shares | ||
| Common stock, issued (in shares) | 71.3M shares | 74.1M shares | ||
| Common stock, outstanding (in shares) | 71.3M shares | 74.1M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income (loss) | $48.7M | $30.4M | -$11.8M |
| Depreciation and amortization | $46.4M | $48.4M | $48.2M |
| Stock-based compensation | $28.6M | $37.7M | $38.8M |
| Deferred taxes | $16.0M | -$46.1M | -$500.0K |
| Non-cash lease costs | $2.2M | $2.2M | $2.8M |
| Other losses, net | $1.8M | $8.6M | $2.9M |
| Accounts receivable | -$9.4M | -$27.0M | $10.7M |
| Prepaid expenses and other assets | -$2.5M | -$1.8M | -$4.4M |
| Mortgage loans held for sale | -$4.5M | $2.1M | $0 |
| Accounts payable | -$3.6M | $6.6M | -$1.8M |
| Accrued expenses and other current liabilities | $9.8M | $12.5M | -$2.4M |
| Payment of contingent consideration | $0 | $0 | -$14.0M |
| Operating lease liabilities | -$2.5M | -$3.4M | -$3.1M |
| Other liabilities | $600.0K | $1.6M | $6.7M |
| Net cash provided by operating activities | $131.6M | $71.8M | $72.1M |
| Purchases of investments | -$2.0M | -$8.1M | $0 |
| Capitalized software development costs | -$16.9M | -$20.7M | -$28.8M |
| Purchases of property and equipment | -$1.3M | -$600.0K | -$700.0K |
| Business combinations | -$13.1M | -$300.0K | $0 |
| Net cash used in investing activities | -$33.3M | -$29.7M | -$29.5M |
| Payment of contingent consideration | $0 | $0 | -$16.9M |
| Net borrowing (repayment) on warehouse line of credit | $4.4M | -$2.0M | $0 |
| Proceeds from line of credit | $0 | $0 | $7.5M |
| Payments on line of credit | $0 | $0 | -$7.5M |
| Payment of debt issuance costs | $0 | $0 | -$1.4M |
| Proceeds from exercises of stock options | $1.1M | $6.3M | $10.2M |
| Tax payments related to net-share settlements on restricted stock units | -$3.5M | -$2.1M | -$1.1M |
| Issuances of Class A common stock under Employee Stock Purchase Plan | $2.1M | $1.4M | $3.0M |
| Repurchases of Class A common stock | -$70.2M | -$80.1M | -$20.0M |
| Net cash used in financing activities | -$66.1M | -$76.5M | -$26.2M |
| Effect of exchange rate changes on cash and cash equivalents | -$200.0K | $300.0K | $100.0K |
| Net increase (decrease) in cash and cash equivalents | $32.0M | -$34.1M | $16.5M |
| Capitalized software development costs recorded in accounts payable and accrued expenses and other current liabilities | $600.0K | $400.0K | $500.0K |
| Repurchases of Class A common stock recorded in accrued expenses and other current liabilities | $400.0K | $300.0K | $0 |
| Income tax payments | $15.1M | $16.0M | $13.5M |
| Cash paid for interest | $300.0K | $300.0K | $300.0K |
| Cash paid for amounts included in the measurement of lease liabilities | $3.0M | $3.9M | $3.7M |
| Lease liabilities arising from obtaining right-of-use assets | $4.1M | $0 | $0 |
No quarter-by-quarter statement was filed.
Leadership
Who has led NERDWALLET, INC., and when. Pick a name to see everywhere that person has worked.
Chief financial officer
2025
- Chief financial officerLauren Stclair Nov 3, 2021 to now14
Board members and other officers (13)
- Chief Revenue OfficerSam Brian Mischner Apr 3, 2026 to now15
- Chief Accounting OfficerNicholas Tatum Mar 12, 2025 to now16
- VP, General ManagerSamuel Yount Jan 30, 2023 to now17
- Chief Product OfficerJohn Caine Jan 6, 2022 to Dec 6, 202218
- Chief Marketing OfficerKelly Gillease Nov 3, 2021 to Sep 6, 202219
- Chief Business OfficerKevin Yuann Nov 3, 2021 to Mar 25, 202420
- Board memberTeresa Chia May 26, 2026 to now21
- Board memberAnthony Ling May 23, 2025 to now22
- Board memberKenneth Thomas McBride Apr 4, 2022 to now23
- Board memberMaurice Kevin Taylor Oct 3, 2022 to May 16, 202424
- Board memberJennifer Ceran Nov 3, 2021 to now25
- Board memberLynne Marie Laube Nov 3, 2021 to now26
- Board memberThomas Loverro Nov 3, 2021 to May 26, 202227
Timeline
- Mar 2, 2010Founded NERDWALLET, INC. is founded2
Filings
355 filings to the SEC since October 2021: 5 annual reports, 14 quarterly reports, 47 major events, 183 insider forms, 23 large holders, 83 other. The latest 20:
- Sep 3, 20264 EDGAR
- Sep 3, 20264 EDGAR
- Sep 3, 20264 EDGAR
- Sep 3, 20264 EDGAR
- Aug 6, 202610-Q EDGAR
- Aug 6, 20268-K EDGAR
- Jul 2, 2026144 EDGAR
- Jun 30, 20264 PRIMARY DOCUMENT EDGAR
- Jun 30, 20264 PRIMARY DOCUMENT EDGAR
- Jun 3, 20264 EDGAR
- Jun 3, 20264 EDGAR
- Jun 3, 20264 EDGAR
- Jun 3, 20264 EDGAR
- Jun 2, 2026144 EDGAR
- Jun 2, 2026144 EDGAR
- Jun 2, 2026144 EDGAR
- Jun 1, 2026144 EDGAR
- Jun 1, 2026144 EDGAR
- Jun 1, 2026144 EDGAR
- May 26, 2026144 EDGAR
The 355 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
78 open-market trades by officers, directors and large owners since October 2021: 16 buys and 62 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Jun 30, 2026 | McBirney Collin | Sale | 454,872 | $9.27 | $4.2M | Form 4 |
| Jun 30, 2026 | Topline Capital Partners, LP10% owner | Sale | 454,872 | $9.27 | $4.2M | Form 4 |
| Jun 29, 2026 | McBirney Collin | Sale | 587,835 | $9.22 | $5.4M | Form 4 |
| Jun 29, 2026 | Topline Capital Partners, LP10% owner | Sale | 587,835 | $9.22 | $5.4M | Form 4 |
| Jun 26, 2026 | McBirney Collin | Sale | 919,153 | $8.95 | $8.2M | Form 4 |
| Jun 26, 2026 | Topline Capital Partners, LP10% owner | Sale | 919,153 | $8.95 | $8.2M | Form 4 |
| Mar 17, 2026 | YOUNT SAMUELChief Business Officer | Sale | 71,988 | $10.32 | $742.8K | Form 4 |
| Mar 12, 2026 | YOUNT SAMUELChief Business Officer | Sale | 3,011 | $10.61 | $31.9K | Form 4 |
| Mar 5, 2026 | Tatum NicholasChief Accounting Officer | Sale | 10,151 | $11.45 | $116.2K | Form 4 |
| Mar 4, 2026 | Tatum NicholasChief Accounting Officer | Sale | 893 | $11.45 | $10.2K | Form 4 |
| Dec 3, 2025 | Tatum NicholasChief Accounting Officer | Sale | 1,191 | $15.93 | $19.0K | Form 4 |
| Dec 3, 2025 | Tatum NicholasChief Accounting Officer | Sale | 596 | $15.93 | $9.5K | Form 4 |
| Dec 2, 2025 | YOUNT SAMUELChief Business Officer | Sale | 15,945 | $16.04 | $255.8K | Form 4 |
| Nov 26, 2025 | YOUNT SAMUELChief Business Officer | Sale | 10,000 | $15.07 | $150.7K | Form 4 |
| Nov 24, 2025 | YOUNT SAMUELChief Business Officer | Sale | 5,040 | $14.28 | $72.0K | Form 4 |
| Nov 14, 2025 | YOUNT SAMUELChief Business Officer | Sale | 521 | $14.25 | $7.4K | Form 4 |
| Nov 13, 2025 | YOUNT SAMUELChief Business Officer | Sale | 14,439 | $14.34 | $207.1K | Form 4 |
| Nov 13, 2025 | YOUNT SAMUELChief Business Officer | Sale | 12,129 | $14.34 | $173.9K | Form 4 |
| Oct 2, 2025 | Tatum NicholasChief Accounting Officer | Sale | 4,272 | $10.76 | $46.0K | Form 4 |
| Jan 3, 2025 | YOUNT SAMUELChief Business Officer | Sale | 159,464 | $13.46 | $2.1M | Form 4 |
All 78 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIPSCHEDULE 13G, 1 filing May 15, 202628
- VANGUARD GROUP INCSCHEDULE 13G/A, 5 filings Feb 9, 2023 to Mar 26, 202629
- Innovius Capital Sirius I, L.P.SCHEDULE 13G/A, 3 filings Feb 14, 2022 to Feb 17, 202630
- BlackRockSCHEDULE 13G/A, 1 filing Jan 21, 202631
- T. Rowe Price Investment Management, Inc.SC 13G/A, 2 filings Feb 14, 2024 to Nov 14, 202432
- FMR LLCSC 13G/A, 3 filings Feb 9, 2023 to Nov 12, 202433
- Topline Capital Management, LLCSC 13G/A, 3 filings Aug 19, 2024 to Nov 7, 202434
- Institutional Venture Partners XIV, L.P.SC 13G/A, 3 filings Feb 14, 2022 to Feb 13, 202435
- PRICE T ROWE ASSOCIATES INC /MD/SC 13G, 1 filing Feb 14, 202236
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Topline Capital Management, LLC | 3,289,285 | $30.4M | 7.9% | −1,961,860 |
| BlackRock, Inc. | 2,579,569 | $23.9M | 0.0% | −481,178 |
| Arrowstreet Capital, Limited Partnership | 1,770,333 | $16.4M | 0.0% | −38,655 |
| Dimensional Fund Advisors LP | 1,433,877 | $13.3M | 0.0% | +111,029 |
| Vanguard Capital Management LLC | 1,370,062 | $12.7M | 0.0% | +11,622 |
| Quinn Opportunity Partners LLC | 1,052,114 | $9.7M | 0.5% | +62,965 |
| Jacobs Levy Equity Management, Inc | 1,034,562 | $9.6M | 0.0% | +310,766 |
| State Street Corp | 926,571 | $8.6M | 0.0% | +21,297 |
| Geode Capital Management, LLC | 851,676 | $7.9M | 0.0% | −67,130 |
| D. E. Shaw & Co., Inc. | 813,807 | $7.5M | 0.0% | +352,791 |
| Vanguard Portfolio Management LLC | 789,259 | $7.3M | 0.0% | −655,813 |
| Fmr LLC | 665,591 | $6.2M | 0.0% | +197,564 |
| Morgan Stanley | 624,993 | $5.8M | 0.0% | +421,649 |
| Renaissance Technologies LLC | 527,000 | $4.9M | 0.0% | −475,275 |
| OP Asset Management Ltd | 468,194 | $4.3M | 0.0% | −201,992 |
| American Century Companies Inc | 349,537 | $3.2M | 0.0% | +198,318 |
| Northern Trust Corp | 341,362 | $3.2M | 0.0% | +37,732 |
| Trexquant Investment LP | 339,017 | $3.1M | 0.0% | −284,150 |
| UBS Group AG | 320,124 | $3.0M | 0.0% | −46,848 |
| Principal Financial Group Inc | 303,401 | $2.8M | 0.0% | +23,761 |
| Millennium Management LLC | 298,070 | $2.8M | 0.0% | −309,698 |
| Goldman Sachs Group Inc | 297,661 | $2.8M | 0.0% | +35,258 |
| Citadel Advisors LLC | 285,636 | $2.6M | 0.0% | +195,870 |
| Charles Schwab Investment Management Inc | 262,293 | $2.4M | 0.0% | −36,019 |
| Bridgeway Capital Management, LLC | 257,136 | $2.4M | 0.0% | New |
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 17SEC EDGARSamuel Yount, VP, General Manager
- 18SEC EDGARJohn Caine, Chief Product Officer
- 19
- 20SEC EDGARKevin Yuann, Chief Business Officer
- 21SEC EDGARTeresa Chia, Board member
- 22SEC EDGARAnthony Ling, Board member
- 23SEC EDGARKenneth Thomas McBride, Board member
- 24SEC EDGARMaurice Kevin Taylor, Board member
- 25SEC EDGARJennifer Ceran, Board member
- 26SEC EDGARLynne Marie Laube, Board member
- 27SEC EDGARThomas Loverro, Board member
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- 33SEC EDGARFMR LLC SC 13G/A on NERDWALLET, INC.
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