NerdWallet (NRDS) Financial Statements & Analysis

NerdWallet (NRDS) Income Statement

NerdWallet reported revenue of $836.60M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 21.7% from $687.60M a year earlier. Net income was $48.70M, up 60.2% year over year, a net margin of 5.8%. Gross margin was 92.4% and operating margin 7.8%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $197.30M, up 5.6% from the same quarter a year earlier.

NerdWallet Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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NerdWallet, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Revenue & Gross Profit
Revenue	836.60	687.60	599.40	538.90	379.60	245.30	228.30
Cost of Revenue	63.70	63.50	54.00	39.80	28.50	21.30	16.10
Gross Profit	772.90	624.10	545.40	499.10	351.10	224.00	212.20
Operating Expenses
Research & Development	66.70	76.70	80.50	77.60	62.20	50.90	46.00
Selling, General & Administrative	641.00	529.00	461.30	433.80	309.80	172.00	137.80
Operating Expenses	707.70	614.70	541.80	511.40	390.10	222.10	183.80
Operating Income	65.20	9.40	3.60	-12.30	-39.00	1.90	28.40
Other Income/Expense
Interest Income	3.20	4.80	3.60	1.50	0.00	0.20	1.10
Interest Expense	0.60	-0.70	0.80	2.50	1.30	1.10	1.10
Other Income/Expense	0.40	-4.40	2.70	-6.70	1.30	-1.00	-0.50
Income
Income Before Tax	68.20	5.00	6.30	-20.00	-37.70	0.90	27.90
Income Tax Expense	19.50	-25.40	18.10	-9.80	4.80	-4.40	3.70
Net Income	48.70	30.40	-11.80	-10.20	-42.50	5.30	24.20
Net Income - Continuous Operations	48.70	30.40	-11.80	-10.20	-42.50	5.30	24.20
Net Income - Discontinued Operations	-	-	-	-	-	-	-
EBITDA	115.20	34.00	55.30	19.50	-1.40	17.10	38.40
EBIT	68.80	18.40	7.10	-17.50	-20.90	2.60	-
Depreciation & Amortization	46.40	15.60	48.20	37.00	35.00	15.10	9.40
Earnings Per Share
Basic EPS	1.00	-	-	-	-1.00	-	-
Diluted EPS	1.00	-	-	-	-1.00	-	-
Basic Shares Outstanding	74.30	76.50	76.70	70.60	67.07	65.83	65.83
Diluted Shares Outstanding	75.90	78.90	76.70	70.60	67.07	65.83	65.83

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About NerdWallet Financial Statements

What was NerdWallet's revenue in fiscal 2025?

NerdWallet reported revenue of $836.60M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 21.7% from $687.60M a year earlier.

Is NerdWallet profitable?

Yes. NerdWallet earned net income of $48.70M in fiscal 2025, a net margin of 5.8%. In fiscal 2024 it earned $30.40M.

What is NerdWallet's operating margin?

NerdWallet's operating income was $65.20M on revenue of $836.60M in fiscal 2025, an operating margin of 7.8%, compared with 1.4% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition