Nerdwallet (NRDS)
Market Price (3/21/2026): $9.98 | Market Cap: $723.5 MilSector: Communication Services | Industry: Interactive Media & Services
Nerdwallet (NRDS)
Market Price (3/21/2026): $9.98Market Cap: $723.5 MilSector: Communication ServicesIndustry: Interactive Media & Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.7%, FCF Yield is 16% | Weak multi-year price returns2Y Excs Rtn is -62%, 3Y Excs Rtn is -108% | Key risksNRDS key risks include [1] its vulnerability to traffic diversion from evolving search engine algorithms and the rise of generative AI, Show more. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -12% | ||
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 22% | ||
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 16%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 14% | ||
| Megatrend and thematic driversMegatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, and Wealth Management Technology. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.7%, FCF Yield is 16% |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -12% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 22% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 16%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 14% |
| Megatrend and thematic driversMegatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, and Wealth Management Technology. |
| Weak multi-year price returns2Y Excs Rtn is -62%, 3Y Excs Rtn is -108% |
| Key risksNRDS key risks include [1] its vulnerability to traffic diversion from evolving search engine algorithms and the rise of generative AI, Show more. |
Qualitative Assessment
AI Analysis | Feedback
Nerdwallet (NRDS) stock has lost about 35% since 11/30/2025 because of the following key factors:
1. Weak Q1 2026 Revenue Guidance and Persistent Organic Search Headwinds. Despite NerdWallet reporting Q4 2025 revenue of $225.4 million, a 23% year-over-year increase that exceeded analysts' expectations, the company provided Q1 2026 revenue guidance of $224-$232 million, reflecting a decelerated year-over-year growth rate of approximately 9% at the midpoint. This outlook factors in ongoing "organic search headwinds," which led to a 24% year-over-year decline in credit card revenue and a 12% decline in SMB products revenue during Q4 2025.
2. Anticipated Moderation in Banking Sector Due to Expected Declining Interest Rates. Management's guidance for full-year 2026 explicitly considers an "expected cooling in banking as interest rates decline." While personal loans revenue surged 141% year-over-year and banking products within emerging verticals grew 57% year-over-year in Q4 2025, the forward-looking concern about macroeconomic interest rate trends impacting future performance in these key growth areas introduced investor uncertainty.
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1. Weak Q1 2026 Revenue Guidance and Persistent Organic Search Headwinds. Despite NerdWallet reporting Q4 2025 revenue of $225.4 million, a 23% year-over-year increase that exceeded analysts' expectations, the company provided Q1 2026 revenue guidance of $224-$232 million, reflecting a decelerated year-over-year growth rate of approximately 9% at the midpoint. This outlook factors in ongoing "organic search headwinds," which led to a 24% year-over-year decline in credit card revenue and a 12% decline in SMB products revenue during Q4 2025.
2. Anticipated Moderation in Banking Sector Due to Expected Declining Interest Rates. Management's guidance for full-year 2026 explicitly considers an "expected cooling in banking as interest rates decline." While personal loans revenue surged 141% year-over-year and banking products within emerging verticals grew 57% year-over-year in Q4 2025, the forward-looking concern about macroeconomic interest rate trends impacting future performance in these key growth areas introduced investor uncertainty.
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Stock Movement Drivers
Fundamental Drivers
The -33.6% change in NRDS stock from 11/30/2025 to 3/20/2026 was primarily driven by a -36.9% change in the company's Net Income Margin (%).| (LTM values as of) | 11302025 | 3202026 | Change |
|---|---|---|---|
| Stock Price ($) | 15.01 | 9.97 | -33.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 795 | 837 | 5.2% |
| Net Income Margin (%) | 9.2% | 5.8% | -36.9% |
| P/E Multiple | 15.5 | 14.8 | -4.3% |
| Shares Outstanding (Mil) | 76 | 72 | 4.4% |
| Cumulative Contribution | -33.6% |
Market Drivers
11/30/2025 to 3/20/2026| Return | Correlation | |
|---|---|---|
| NRDS | -33.6% | |
| Market (SPY) | -4.8% | 27.1% |
| Sector (XLC) | -2.7% | 36.8% |
Fundamental Drivers
The -3.6% change in NRDS stock from 8/31/2025 to 3/20/2026 was primarily driven by a -9.6% change in the company's P/E Multiple.| (LTM values as of) | 8312025 | 3202026 | Change |
|---|---|---|---|
| Stock Price ($) | 10.34 | 9.97 | -3.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 771 | 837 | 8.5% |
| Net Income Margin (%) | 6.1% | 5.8% | -4.7% |
| P/E Multiple | 16.4 | 14.8 | -9.6% |
| Shares Outstanding (Mil) | 75 | 72 | 3.2% |
| Cumulative Contribution | -3.6% |
Market Drivers
8/31/2025 to 3/20/2026| Return | Correlation | |
|---|---|---|
| NRDS | -3.6% | |
| Market (SPY) | 1.1% | 36.9% |
| Sector (XLC) | 1.1% | 37.7% |
Fundamental Drivers
The -2.3% change in NRDS stock from 2/28/2025 to 3/20/2026 was primarily driven by a -39.8% change in the company's P/E Multiple.| (LTM values as of) | 2282025 | 3202026 | Change |
|---|---|---|---|
| Stock Price ($) | 10.20 | 9.97 | -2.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 688 | 837 | 21.7% |
| Net Income Margin (%) | 4.4% | 5.8% | 31.7% |
| P/E Multiple | 24.7 | 14.8 | -39.8% |
| Shares Outstanding (Mil) | 74 | 72 | 1.4% |
| Cumulative Contribution | -2.3% |
Market Drivers
2/28/2025 to 3/20/2026| Return | Correlation | |
|---|---|---|
| NRDS | -2.3% | |
| Market (SPY) | 10.4% | 43.7% |
| Sector (XLC) | 11.0% | 41.8% |
Fundamental Drivers
The -51.7% change in NRDS stock from 2/28/2023 to 3/20/2026 was primarily driven by a -69.8% change in the company's P/S Multiple.| (LTM values as of) | 2282023 | 3202026 | Change |
|---|---|---|---|
| Stock Price ($) | 20.64 | 9.97 | -51.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 539 | 837 | 55.2% |
| P/S Multiple | 2.9 | 0.9 | -69.8% |
| Shares Outstanding (Mil) | 75 | 72 | 3.2% |
| Cumulative Contribution | -51.7% |
Market Drivers
2/28/2023 to 3/20/2026| Return | Correlation | |
|---|---|---|
| NRDS | -51.7% | |
| Market (SPY) | 70.3% | 33.8% |
| Sector (XLC) | 116.0% | 30.5% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| NRDS Return | -45% | -38% | 53% | -10% | 2% | -24% | -64% |
| Peers Return | -26% | -45% | 47% | 41% | 37% | -28% | -17% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -3% | 76% |
Monthly Win Rates [3] | |||||||
| NRDS Win Rate | 0% | 50% | 58% | 50% | 50% | 0% | |
| Peers Win Rate | 37% | 37% | 53% | 58% | 55% | 27% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 33% | |
Max Drawdowns [4] | |||||||
| NRDS Max Drawdown | -50% | -53% | -32% | -28% | -41% | -32% | |
| Peers Max Drawdown | -39% | -66% | -34% | -20% | -23% | -35% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -3% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: QNST, TREE, SOFI, EVER, RKT.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/20/2026 (YTD)
How Low Can It Go
| Event | NRDS | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -77.0% | -25.4% |
| % Gain to Breakeven | 334.7% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
Compare to QNST, TREE, SOFI, EVER, RKT
In The Past
Nerdwallet's stock fell -77.0% during the 2022 Inflation Shock from a high on 11/4/2021. A -77.0% loss requires a 334.7% gain to breakeven.
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About Nerdwallet (NRDS)
NerdWallet, Inc. operates a digital platform that provides consumer-driven advice about personal finance by connecting individuals and small and mid-sized businesses with financial products providers. The company's platform offers guidance to consumers through educational content, tools and calculators, and product marketplaces, as well as NerdWallet app for various financial products, including credit cards, mortgages, insurance, SMB products, personal loans, banking, investing, and student loans. It serves customers in the United States, the United Kingdom, and Canada. The company was founded in 2009 and is based in San Francisco, California.
AI Analysis | Feedback
Here are a few analogies to describe NerdWallet:
- Like Kayak for financial products, helping you compare and find the best credit cards, loans, mortgages, and insurance.
- The TripAdvisor of personal finance, providing educational content and tools to guide you through various financial decisions and connect you with providers.
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- Credit Card Comparison Service: Helps consumers find and compare credit card offers from various providers.
- Mortgage Comparison Service: Connects users with different mortgage lenders and offers for home financing.
- Insurance Comparison Service: Enables individuals to compare various insurance policies, such as auto, home, and life insurance.
- Small Business (SMB) Product Marketplace: Provides guidance and connections for financial products specifically designed for small and mid-sized businesses.
- Personal Loan Comparison Service: Assists individuals in finding and comparing personal loan options for various needs.
- Banking Product Comparison Service: Helps users discover and compare banking accounts, including checking and savings options.
- Investing Product Comparison Service: Offers resources to compare investing platforms, brokerage accounts, and other investment products.
- Student Loan Comparison Service: Guides users in comparing and applying for student loans from different lenders.
- Educational Content and Advice: Provides articles, guides, and expert advice on a wide range of personal finance topics.
- Financial Tools and Calculators: Offers interactive tools to help users manage budgets, debt, and financial planning.
- NerdWallet App: A mobile application serving as a consolidated platform for accessing all of NerdWallet's financial guidance and comparison services.
AI Analysis | Feedback
NerdWallet (NRDS) primarily sells its services to other companies, specifically financial product providers. These companies pay NerdWallet to connect them with individuals and small to mid-sized businesses seeking financial products and advice through NerdWallet's platform.
NerdWallet's major customers are therefore financial institutions across various sectors. While NerdWallet partners with a wide array of providers, examples of companies that are likely to be their customers include:
- Credit Card Issuers: American Express (AXP), JPMorgan Chase & Co. (JPM), Bank of America Corp (BAC), Capital One Financial Corp (COF), Discover Financial Services (DFS).
- Mortgage Lenders: Rocket Companies (RKT), Wells Fargo & Company (WFC).
- Insurance Companies: The Progressive Corp (PGR), The Allstate Corp (ALL), GEICO (part of Berkshire Hathaway Inc. - BRK.A, BRK.B).
- Personal Loan Providers: SoFi Technologies Inc. (SOFI), LendingClub Corp (LC).
- Investing Platforms: The Charles Schwab Corp (SCHW), Robinhood Markets Inc. (HOOD).
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- Amazon.com, Inc. (AMZN)
- Alphabet Inc. (GOOGL)
- Meta Platforms, Inc. (META)
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Tim Chen, Chief Executive Officer
Tim Chen co-founded NerdWallet in 2009 with Jake Gibson, driven by a lack of trustworthy financial advice for consumers. Prior to NerdWallet, he was a hedge fund analyst at Perry Capital and an equity analyst at Credit Suisse First Boston. His decision to start NerdWallet was influenced by a layoff from Wall Street in 2008.
John Lee, Chief Finance Officer
Before joining NerdWallet, John Lee served as the Chief Operating Officer and Chief Financial Officer of Divvy Homes, which was acquired by Brookfield in early 2025. He also spent nearly eight years at Blackstone, where he was a Managing Director in the Private Equity group, and held positions at TPG and Merrill Lynch.
David Covell, Chief Product Officer
David Covell is a veteran product leader with two decades of experience, having led product organizations across finance, healthcare, and consumer technology. His previous senior product leadership roles include positions at Two Chairs, Credit Karma, HotelTonight, Yahoo!, and E*TRADE.
Ekumene "E" Lysonge, Chief Legal Officer and Corporate Secretary
Ekumene "E" Lysonge brings over 20 years of experience in leading legal functions within the gaming, entertainment, eCommerce, technology, and real estate sectors to NerdWallet.
Lynee Luque, Chief People Officer
Lynee Luque has more than 20 years of professional experience, with 15 years as an HR professional. Before joining NerdWallet, she held roles as VP and Head of People at Envoy and Global Human Resources Director for Twitter.
AI Analysis | Feedback
Key Risks to NerdWallet (NRDS)
- Reliance on Internet Search Engines and Algorithm Changes: NerdWallet's business model heavily depends on organic search traffic to its digital platform. Adverse changes to search engine algorithms, particularly those of Google, could significantly reduce user engagement and traffic, directly impacting revenue, especially in core segments like credit cards and SMB products. The company has experienced "organic search headwinds," which have contributed to revenue declines in these areas.
- Increased Competition, including from AI-driven Tools and Large Language Models (LLMs): NerdWallet operates in a dynamic and competitive fintech industry. The emergence of AI-driven tools and Large Language Models (LLMs) poses a significant disruptive threat, as these technologies could potentially "disintermediate comparison sites" by allowing consumers and small and mid-sized businesses to compare financial products directly through chatbots or other AI interfaces. This intensifies the competitive landscape beyond traditional rivals.
- Macroeconomic Uncertainties and Impact on Financial Product Demand: The company is exposed to risks associated with broader macroeconomic developments, including inflation, fluctuations in interest rates, and overall economic uncertainty. These conditions can influence consumer financial behavior and directly affect the demand for various financial products offered on NerdWallet's platform, such as loans and credit cards. Economic downturns have led to "weaker performances in credit cards and personal loans" and "declines in Credit Cards and SMB Products."
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The rapid development and adoption of AI-powered conversational agents (Large Language Models) capable of providing personalized financial advice, product comparisons, and direct recommendations to consumers. These technologies could disintermediate NerdWallet's role as a primary source for financial guidance and product marketplaces by offering instant, tailored information directly to users, potentially bypassing the need for an intermediary platform.
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## NerdWallet's Addressable Market Sizes Across Key Products and Regions NerdWallet, Inc. (symbol: NRDS) operates a digital platform offering consumer-driven advice and connections to financial product providers. The company serves customers in the United States, the United Kingdom, and Canada. The addressable markets for its main products and services vary by region and are substantial. ### Credit Cards * **United States:** The U.S. credit card payments market size was valued at an estimated USD 187.45 billion in 2024 and is projected to reach approximately USD 441.56 billion by 2034. Another estimate indicates the U.S. credit card market size was USD 190 billion in 2024, with an expected growth to USD 388.4 billion by 2032. The market size of Credit Card Issuing in the US was $178.3 billion in 2025. * **United Kingdom:** The UK credit card market is projected to reach over £295 billion (approximately USD 373.9 billion) in 2025. UK consumers spent £249 billion (approximately USD 315.4 billion) on credit card transactions in 2024. * **Canada:** The Canada Credit Cards Market size, in terms of transaction value, is expected to grow from USD 574.36 billion in 2024 to USD 744.99 billion by 2029. The market size is projected to be USD 0.82 trillion (approximately CAD 1.12 trillion) in 2025, reaching USD 1.32 trillion by 2031. The total value of credit card transactions in 2025 is estimated to be CAD $605 billion (approximately USD 441.65 billion). ### Mortgages * **United States:** The U.S. home mortgage market size was valued at approximately USD 180.91 billion in 2023 and is predicted to grow to around USD 501.67 billion by 2032. Total single-family mortgage origination volume is expected to increase to $2.2 trillion in 2026 from $2.0 trillion expected in 2025. * **United Kingdom:** The UK mortgage market size reached USD 38.21 billion in 2024 and is expected to reach USD 117.07 billion by 2033. The outstanding value of all residential mortgage loans in the UK increased to £1,698.5 billion (approximately USD 2,150 billion) in Q1 2025. * **Canada:** Total outstanding residential mortgage debt in Canada reached $2.3 trillion CAD (approximately USD 1.68 trillion) in August 2025. The total newly extended mortgage volume in H1 2025 reached $291 billion. ### Insurance * **United States:** The U.S. insurance market size was USD 3.7 trillion in 2024 and is projected to reach USD 9.1 trillion by 2032. The total market value of the U.S. insurance industry was $1.7 trillion as of January 7, 2025. The U.S. life and non-life insurance market was valued at USD 3.239 trillion in 2025, expected to reach USD 3.98 trillion by 2031. The U.S. Commercial Insurance Market is estimated at USD 271.93 billion in 2025 and is expected to reach USD 416.83 billion by 2035. * **United Kingdom:** The UK insurance market size reached USD 476.2 billion in 2025 and is expected to reach USD 870.4 billion by 2034. Total premiums in the UK insurance market amounted to €407 billion (£348 billion, approximately USD 439.5 billion) for 2024. The UK General Insurance Market size was valued at USD 118.5 billion in 2025 and is projected to reach USD 191.86 billion by 2034. The UK health insurance market size is anticipated to reach USD 437.8 billion by 2030. * **Canada:** The Canadian life insurance market had total gross written premiums of $71.7 billion in 2022. The Canada General Insurance Market size was valued at around USD 59.98 billion in 2024 and is projected to reach USD 87.56 billion by 2030. The Canada Property & Casualty Insurance Market size is estimated at USD 60.50 billion in 2026 and is estimated to grow up to a value of USD 82.7 billion by 2035. The Canada commercial insurance market size reached USD 18.45 billion in 2024 and is projected to reach USD 33.39 billion by 2033. The market size of Insurance Brokers & Agencies in Canada was $12.8 billion in 2025. ### SMB Products * **United States:** Small business lending is nearly a $1.7 trillion market and growing. In 2023, banks made over $328 billion in loans to small businesses throughout the U.S. * **United Kingdom:** Lending to UK small and medium-sized enterprises (SMEs) rose to £68 billion (approximately USD 86.2 billion) in 2025. The total value of annual UK SME borrowing is estimated to be around £62.1 billion (approximately USD 78.6 billion). * **Canada:** The Commercial Banking in Canada market size was $488.6 billion in 2025. ### Personal Loans * **United States:** Unsecured personal loans represent a $253 billion market in Q1 2025. The U.S. Personal Loans Market size was USD 93.16 billion in 2025 and is expected to reach USD 192.79 billion by 2033. * **United Kingdom:** The UK Personal Loans Market size was valued at USD 155 billion in 2025 and is projected to reach USD 240.46 billion by 2034. * **Canada:** The Canada Commercial Banking Market Size was valued at USD 274.65 Billion in 2023. ### Banking * **United States:** Null (specific retail banking market size not directly found, but is encompassed by other product categories). * **United Kingdom:** The UK retail banking market generated a revenue of USD 91.0 billion in 2024 and is expected to reach USD 155.3 billion by 2033. * **Canada:** The Canada retail banking market generated a revenue of USD 102.1 billion in 2024 and is expected to reach USD 174.1 billion by 2033. ### Investing * **United States:** The U.S. online investment platform market generated a revenue of USD 547.0 million in 2022 and is expected to reach USD 1,573.6 million by 2030. The US online trading platform market was valued at USD 3.41 billion in 2025, expected to reach USD 4.82 billion by 2031. * **United Kingdom:** There was £392 billion (approximately USD 496.6 billion) in the DIY investment market as of Q4 2023. The UK e-brokerage market size reached USD 825.3 million in 2024. * **Canada:** The Canada Fintech-enabled Digital Investment Market generated a value of USD 974.44 billion as of the end of 2024. The Canada online investment platform market generated a revenue of USD 129.4 million in 2022 and is expected to reach USD 406.8 million by 2030. ### Student Loans * **United States:** The total outstanding federal student loan debt in the US was $1.7 trillion as of December 2023. * **United Kingdom:** The value of outstanding loans at the end of March 2025 reached £267 billion (approximately USD 338.2 billion). Approximately £21 billion (approximately USD 26.6 billion) per year is loaned to higher education students in England. * **Canada:** The total amount of student loan debt in Canada crossed $28 billion in 2024, counting government-backed loans. In the 2023 to 2024 academic year, $4.8 billion in interest-free Canada Student Loans were disbursed.AI Analysis | Feedback
NerdWallet, Inc. (NRDS) is expected to drive future revenue growth over the next 2-3 years through several key strategies:
- Expanded Performance Marketing and Non-Search Referral Channels: NerdWallet is increasingly relying on performance marketing, direct traffic, and other non-search referral channels to acquire users and generate revenue. This strategy has been credited with offsetting declines in organic search traffic and is anticipated to continue contributing significantly to revenue growth.
- Growth in Key Financial Product Verticals: The company is seeing strong performance and expects continued growth in specific financial product categories, particularly personal loans, banking, and insurance. These verticals have been identified as primary revenue drivers, with strategic acquisitions like Next Door Lending further strengthening their position in the mortgage sector.
- International Market Expansion: NerdWallet is actively pursuing geographic expansion, with a focus on growing its presence in the United Kingdom, Canada, and Australia. The company aims to increase international revenue contribution to 25% by 2027 through both organic and acquisition-based strategies.
- Deeper Consumer and SMB Engagement and Product Diversification, including AI Integration: NerdWallet plans to foster deeper relationships with consumers and small and mid-sized businesses (SMBs) by offering guidance across an expanding array of financial decisions. This includes the planned 2025 rollout of a unified financial dashboard to enhance cross-selling opportunities and leveraging AI-driven productization and personalization to improve user experience, reduce customer acquisition costs, and generate higher-value traffic.
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Share Repurchases
- In 2025, NerdWallet repurchased 5.8 million shares of Class A common stock for $70.3 million.
- As of February 2026, NerdWallet's Board of Directors approved an increase in the share repurchase authorization by $100 million, bringing the total authorized amount to $225 million.
- Prior to this, in December 2025, the total repurchase authorization was increased to $125 million, which included previous authorizations of $20 million (May 2023), $30 million (October 2023), $50 million (September 2024), and $25 million (October 2024).
Share Issuance
- NerdWallet completed its Initial Public Offering (IPO) in November 2021, raising approximately $140 million.
- The number of Class A common shares outstanding decreased from 42,422,181 as of February 14, 2025, to 35,100,146 as of February 23, 2026, which is consistent with the share repurchase program.
Outbound Investments
- NerdWallet has made key acquisitions including Next Door Lending LLC (a mortgage broker), NerdWallet Insurance Experts, LLC (an insurance agency), and NerdWallet Wealth Partners, LLC (an investment adviser).
- These acquisitions aim to expand the company's presence in the mortgage, insurance, and wealth management sectors, offering consumers a broader range of financial services.
Capital Expenditures
- NerdWallet's capital expenditures were $32 million in 2022, $30 million in 2023, $21 million in 2024, and $18 million in 2025.
- The company plans to continue investing in building efficient and scalable technical capabilities to deliver personalized guidance to consumers.
- Strategic investments in business growth, including personnel expansion and platform development, are expected to be funded primarily through cash flows from operations.
Latest Trefis Analyses
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| 02132026 | YELP | Yelp | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 6.2% | 6.2% | -5.7% |
| 02132026 | TRIP | Tripadvisor | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 5.2% | 5.2% | 0.0% |
| 02062026 | OMC | Omnicom | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 22.1% | 22.1% | -3.7% |
| 02062026 | MGNI | Magnite | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 20.6% | 20.6% | -0.8% |
| 01302026 | RBLX | Roblox | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 4.4% | 4.4% | -7.9% |
| 10312024 | NRDS | Nerdwallet | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | -38.5% | -20.6% | -46.9% |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 14.50 |
| Mkt Cap | 0.7 |
| Rev LTM | 1,111 |
| Op Inc LTM | 66 |
| FCF LTM | 74 |
| FCF 3Y Avg | 42 |
| CFO LTM | 84 |
| CFO 3Y Avg | 51 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 25.5% |
| Rev Chg 3Y Avg | 21.8% |
| Rev Chg Q | 27.5% |
| QoQ Delta Rev Chg LTM | 6.5% |
| Op Mgn LTM | 7.6% |
| Op Mgn 3Y Avg | 2.6% |
| QoQ Delta Op Mgn LTM | 0.3% |
| CFO/Rev LTM | 7.8% |
| CFO/Rev 3Y Avg | 6.3% |
| FCF/Rev LTM | 6.7% |
| FCF/Rev 3Y Avg | 4.6% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 0.7 |
| P/S | 0.8 |
| P/EBIT | 9.4 |
| P/E | 8.1 |
| P/CFO | 5.7 |
| Total Yield | 8.1% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 4.5% |
| D/E | 0.1 |
| Net D/E | -0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -0.0% |
| 3M Rtn | -29.5% |
| 6M Rtn | -36.6% |
| 12M Rtn | -13.1% |
| 3Y Rtn | 32.0% |
| 1M Excs Rtn | 4.8% |
| 3M Excs Rtn | -25.3% |
| 6M Excs Rtn | -35.0% |
| 12M Excs Rtn | -28.0% |
| 3Y Excs Rtn | -32.6% |
Price Behavior
Price Behavior
| Market Price | $9.97 | |
| Market Cap ($ Bil) | 0.8 | |
| First Trading Date | 11/04/2021 | |
| Distance from 52W High | -37.4% | |
| 50 Days | 200 Days | |
| DMA Price | $11.23 | $11.65 |
| DMA Trend | indeterminate | down |
| Distance from DMA | -11.2% | -14.4% |
| 3M | 1YR | |
| Volatility | 50.4% | 56.3% |
| Downside Capture | 230.82 | 161.97 |
| Upside Capture | 66.49 | 147.77 |
| Correlation (SPY) | 31.2% | 41.8% |
NRDS Betas & Captures as of 2/28/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 3.29 | 2.26 | 1.55 | 1.72 | 1.30 | 1.40 |
| Up Beta | 0.19 | 2.58 | 2.27 | 2.21 | 1.10 | 0.99 |
| Down Beta | 3.90 | 1.93 | 1.04 | 1.15 | 1.10 | 1.47 |
| Up Capture | 386% | 132% | 52% | 201% | 209% | 259% |
| Bmk +ve Days | 9 | 20 | 31 | 70 | 142 | 431 |
| Stock +ve Days | 11 | 21 | 27 | 62 | 123 | 361 |
| Down Capture | 401% | 300% | 239% | 169% | 135% | 112% |
| Bmk -ve Days | 12 | 21 | 30 | 54 | 109 | 320 |
| Stock -ve Days | 10 | 20 | 34 | 62 | 124 | 377 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with NRDS | |
|---|---|---|---|---|
| NRDS | 13.7% | 56.3% | 0.43 | - |
| Sector ETF (XLC) | 16.7% | 18.2% | 0.71 | 39.7% |
| Equity (SPY) | 15.8% | 18.9% | 0.64 | 42.0% |
| Gold (GLD) | 48.2% | 27.0% | 1.45 | -6.4% |
| Commodities (DBC) | 17.8% | 17.4% | 0.83 | 8.5% |
| Real Estate (VNQ) | 1.0% | 16.4% | -0.11 | 33.6% |
| Bitcoin (BTCUSD) | -19.0% | 44.2% | -0.35 | 26.5% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with NRDS | |
|---|---|---|---|---|
| NRDS | -18.5% | 68.9% | -0.06 | - |
| Sector ETF (XLC) | 9.3% | 20.7% | 0.37 | 33.5% |
| Equity (SPY) | 11.8% | 17.0% | 0.54 | 33.8% |
| Gold (GLD) | 20.7% | 17.5% | 0.97 | -2.1% |
| Commodities (DBC) | 10.9% | 19.0% | 0.46 | 3.7% |
| Real Estate (VNQ) | 2.8% | 18.8% | 0.06 | 25.9% |
| Bitcoin (BTCUSD) | 4.7% | 56.7% | 0.30 | 16.7% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with NRDS | |
|---|---|---|---|---|
| NRDS | -9.7% | 68.9% | -0.06 | - |
| Sector ETF (XLC) | 9.2% | 22.4% | 0.49 | 33.5% |
| Equity (SPY) | 14.2% | 17.9% | 0.68 | 33.8% |
| Gold (GLD) | 13.3% | 15.7% | 0.70 | -2.1% |
| Commodities (DBC) | 8.3% | 17.6% | 0.39 | 3.7% |
| Real Estate (VNQ) | 5.0% | 20.7% | 0.21 | 25.9% |
| Bitcoin (BTCUSD) | 66.9% | 66.8% | 1.06 | 16.7% |
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Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 2/25/2026 | 7.3% | 8.2% | |
| 11/6/2025 | 13.9% | 18.9% | 24.0% |
| 8/7/2025 | -17.1% | -6.7% | 1.0% |
| 5/6/2025 | 29.0% | 37.2% | 28.4% |
| 2/19/2025 | -18.6% | -27.0% | -35.6% |
| 10/29/2024 | 33.0% | 38.7% | 25.7% |
| 7/31/2024 | -21.8% | -27.2% | -11.6% |
| 4/25/2024 | -4.7% | -0.1% | 1.6% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 9 | 8 | 10 |
| # Negative | 7 | 8 | 5 |
| Median Positive | 26.1% | 31.9% | 20.8% |
| Median Negative | -17.1% | -11.0% | -15.3% |
| Max Positive | 40.7% | 67.3% | 74.7% |
| Max Negative | -22.4% | -33.3% | -35.6% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 02/25/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/06/2025 | 10-Q |
| 12/31/2024 | 02/19/2025 | 10-K |
| 09/30/2024 | 10/29/2024 | 10-Q |
| 06/30/2024 | 07/31/2024 | 10-Q |
| 03/31/2024 | 04/25/2024 | 10-Q |
| 12/31/2023 | 02/20/2024 | 10-K |
| 09/30/2023 | 10/26/2023 | 10-Q |
| 06/30/2023 | 08/02/2023 | 10-Q |
| 03/31/2023 | 05/02/2023 | 10-Q |
| 12/31/2022 | 02/23/2023 | 10-K |
| 09/30/2022 | 11/02/2022 | 10-Q |
| 06/30/2022 | 08/05/2022 | 10-Q |
| 03/31/2022 | 05/03/2022 | 10-Q |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Tatum, Nicholas | Chief Accounting Officer | Direct | Sell | 12052025 | 15.93 | 596 | 9,494 | 1,001,328 | Form |
| 2 | Yount, Samuel | Chief Business Officer | Trusts | Sell | 12042025 | 16.04 | 15,945 | 255,742 | 5,743,823 | Form |
| 3 | Yount, Samuel | Chief Business Officer | Trusts | Sell | 12012025 | 15.07 | 10,000 | 150,700 | 5,637,099 | Form |
| 4 | Yount, Samuel | Chief Business Officer | Trusts | Sell | 11262025 | 14.28 | 5,040 | 71,971 | 5,484,391 | Form |
| 5 | Yount, Samuel | Chief Business Officer | Trusts | Sell | 11182025 | 14.25 | 521 | 7,424 | 5,544,689 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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