NRDSNasdaqServices-Computer Processing & Data PreparationFiscal year ends December 31
NERDWALLET, INC.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$10.07+0.04 (+0.45%)
Close on Oct 19, 2026
- Market cap
- $662.61M
- P/E (TTM)
- 11.3
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2018 to 2025
Gross margin
92.4%+1.1 pts over 5 years
Operating margin
7.8%+7.0 pts over 5 years
Net margin
5.8%+3.7 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +21.7% | +15.8% | +27.8% | – | |
| Gross profit | +23.8% | +15.7% | +28.1% | – | |
| Operating income | +593.6% | – | +102.8% | – | |
| Net income | +60.2% | – | +55.8% | – | |
| EPS, diluted | +68.4% | – | +48.0% | – | |
| Free cash flow | +83.0% | +85.5% | +56.0% | – |
Returns and balance sheet
8 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2018 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 11.7% | 13.2% | |
| Return on assets | – | – | 10.8% | |
| Current ratio | – | 5.39 | 3.45 | |
| Debt to equity | – | 0.37 | – | |
| Net debt to EBITDA | – | -3.13× | – | |
| Interest coverage | – | 1.7× | 108.7× | |
| Capex to revenue | – | 0.5% | 0.2% | |
| Diluted shares | – | 56M | 76M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Nerdwallet generated $307.70M from operations and spent $179.80M on capital expenditure, dividends and share buybacks. 5% of that went back into the business.
Generated
$307.70M
Used
$179.80M
Capital expenditure$9.50M5%Dividends$00%Share buybacks$170.30M95%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin5.8%
×Asset turnover1.86×
×Equity multiplier1.22×
=Return on equity, FY202513.2%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 5.8% | 1.86× | 1.22× | 13.2% |
| FY2024 | 4.4% | 1.61× | 1.17× | 8.3% |
| FY2023 | -2.0% | 1.42× | 1.19× | -3.3% |
| FY2022 | -1.9% | 1.36× | 1.32× | -3.4% |
| FY2021 | -11.2% | 1.23× | 1.82× | -25.0% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
8of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$48.70M
- Cash generatingOperating cash flow above zero$131.60M
- Return on assets improvedROA up on the prior year7.3% → 11.1%
- Earnings backed by cashOperating cash flow above net income$131.60M vs $48.70M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose3.27 → 3.45
- No dilutionShare count did not rise79M → 76M
- Gross margin improvedGross margin up on the prior year90.76% → 92.39%
- More efficientAsset turnover rose1.64 → 1.91