Tearsheet

Nerdwallet (NRDS)


Market Price (12/28/2025): $13.935 | Market Cap: $1.1 Bil
Sector: Communication Services | Industry: Interactive Media & Services

Nerdwallet (NRDS)


Market Price (12/28/2025): $13.935
Market Cap: $1.1 Bil
Sector: Communication Services
Industry: Interactive Media & Services

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.


0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.9%, FCF Yield is 8.0%
Weak multi-year price returns
2Y Excs Rtn is -47%, 3Y Excs Rtn is -37%
Key risks
NRDS key risks include [1] its vulnerability to traffic diversion from evolving search engine algorithms and the rise of generative AI, Show more.
1 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -11%
  
2 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 25%
  
3 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 13%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 11%
  
4 Megatrend and thematic drivers
Megatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, and Wealth Management Technology.
  
0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.9%, FCF Yield is 8.0%
1 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -11%
2 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 25%
3 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 13%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 11%
4 Megatrend and thematic drivers
Megatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, and Wealth Management Technology.
5 Weak multi-year price returns
2Y Excs Rtn is -47%, 3Y Excs Rtn is -37%
6 Key risks
NRDS key risks include [1] its vulnerability to traffic diversion from evolving search engine algorithms and the rise of generative AI, Show more.

Valuation, Metrics & Events

NRDS Stock


Why The Stock Moved


Qualitative Assessment

AI Analysis | Feedback

Here are the key points for why Nerdwallet (NRDS) stock moved by 34.8% during the approximate period from August 31, 2025, to December 28, 2025:

<b>1. NerdWallet reported strong third-quarter 2025 financial results, significantly exceeding analyst expectations for both earnings per share (EPS) and revenue.</b> The company's Q3 2025 EPS of $0.34 substantially beat the forecasted $0.20-$0.21, representing an earnings surprise of 61.9% to 70%, while revenue reached $215.1 million, surpassing estimates of around $192.98 million.

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<b>2. The company demonstrated significant year-over-year revenue growth and enhanced operational efficiency.</b> Total revenue increased 12% year-over-year to $215.1 million, and non-GAAP operating income surged 81% to $41.3 million. This improvement was attributed to factors such as reduced employee costs and optimized marketing spend, leading to notable margin expansion.

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<b>3. NerdWallet experienced robust performance in strategic business verticals.</b> The loans revenue segment grew by 66% year-over-year, primarily driven by increases in personal and mortgage loans, partly due to the integration of Next Door Lending. Additionally, emerging verticals, including banking products, saw an impressive 83% increase in revenue.

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<b>4. Management raised its full-year financial outlook following the strong Q3 results.</b> This upward revision of the full-year guidance for non-GAAP operating income signaled management's confidence in the company's ongoing momentum and future growth trajectory.

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<b>5. NerdWallet increased its share repurchase authorization in December 2025.</b> On December 16, 2025, the company announced an increase in its share repurchase authorization from $75 million to $125 million, which can positively impact stock value by reducing the number of outstanding shares and signaling management's belief that the stock is undervalued.

Show more

Stock Movement Drivers

Fundamental Drivers

The 26.6% change in NRDS stock from 9/27/2025 to 12/27/2025 was primarily driven by a 51.0% change in the company's Net Income Margin (%).
927202512272025Change
Stock Price ($)11.0113.9426.61%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)771.20795.003.09%
Net Income Margin (%)6.11%9.22%50.97%
P/E Multiple17.4914.40-17.66%
Shares Outstanding (Mil)74.8075.70-1.20%
Cumulative Contribution26.59%

LTM = Last Twelve Months as of date shown

Market Drivers

9/27/2025 to 12/27/2025
ReturnCorrelation
NRDS26.6% 
Market (SPY)4.3%36.9%
Sector (XLC)-0.2%30.6%

Fundamental Drivers

The 27.5% change in NRDS stock from 6/28/2025 to 12/27/2025 was primarily driven by a 129.7% change in the company's Net Income Margin (%).
628202512272025Change
Stock Price ($)10.9313.9427.54%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)734.90795.008.18%
Net Income Margin (%)4.01%9.22%129.69%
P/E Multiple27.4914.40-47.63%
Shares Outstanding (Mil)74.2075.70-2.02%
Cumulative Contribution27.49%

LTM = Last Twelve Months as of date shown

Market Drivers

6/28/2025 to 12/27/2025
ReturnCorrelation
NRDS27.5% 
Market (SPY)12.6%30.3%
Sector (XLC)9.9%31.4%

Fundamental Drivers

The 5.8% change in NRDS stock from 12/27/2024 to 12/27/2025 was primarily driven by a 24.7% change in the company's Total Revenues ($ Mil).
1227202412272025Change
Stock Price ($)13.1713.945.85%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)637.50795.0024.71%
P/S Multiple1.601.33-16.99%
Shares Outstanding (Mil)77.4075.702.20%
Cumulative Contribution5.80%

LTM = Last Twelve Months as of date shown

Market Drivers

12/27/2024 to 12/27/2025
ReturnCorrelation
NRDS5.8% 
Market (SPY)17.0%43.0%
Sector (XLC)21.3%40.4%

Fundamental Drivers

The 58.8% change in NRDS stock from 12/28/2022 to 12/27/2025 was primarily driven by a 60.2% change in the company's Total Revenues ($ Mil).
1228202212272025Change
Stock Price ($)8.7813.9458.77%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)496.40795.0060.15%
P/S Multiple1.301.332.24%
Shares Outstanding (Mil)73.4075.70-3.13%
Cumulative Contribution58.61%

LTM = Last Twelve Months as of date shown

Market Drivers

12/28/2023 to 12/27/2025
ReturnCorrelation
NRDS-8.3% 
Market (SPY)48.0%36.7%
Sector (XLC)64.6%32.2%

Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
NRDS Return--45%-38%53%-10%5%-50%
Peers Return16%38%-12%21%26%16%150%
S&P 500 Return16%27%-19%24%23%18%114%

Monthly Win Rates [3]
NRDS Win Rate-0%50%58%50%50% 
Peers Win Rate52%65%42%68%57%52% 
S&P 500 Win Rate58%75%42%67%75%73% 

Max Drawdowns [4]
NRDS Max Drawdown--50%-53%-32%-28%-41% 
Peers Max Drawdown-34%-5%-26%-7%-9%-23% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: HPQ, HPE, IBM, CSCO, AAPL.
[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] 2025 data is for the year up to 12/26/2025 (YTD)

How Low Can It Go

Unique KeyEventNRDSS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-77.0%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven334.7%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days

Compare to HPQ, HPE, IBM, CSCO, AAPL

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.

Preserve Wealth

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Asset Allocation

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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 1-3 brief analogies to describe Nerdwallet (NRDS):

  • Kayak for financial products
  • LendingTree for all personal finance

AI Analysis | Feedback

```html
  • Financial Product Comparison Tools: Helps consumers compare and choose various financial products, including credit cards, personal loans, mortgages, student loans, auto loans, banking accounts, and insurance.
  • Investing Platform Comparisons & Advice: Guides users through comparing different investment platforms like brokerage accounts and robo-advisors, offering related educational content.
  • Small Business Finance Solutions: Provides resources and comparisons for financial products specifically designed for small businesses, such as business credit cards and loans.
  • Personal Finance Resources & Tools: Offers a wealth of educational articles, budgeting tools, and financial calculators to assist users in managing their personal finances.
```

AI Analysis | Feedback

Nerdwallet (symbol: NRDS) operates primarily on a business-to-business (B2B) model. Its revenue is generated through referral fees and advertising fees paid by financial institutions when users apply for products (such as credit cards, loans, bank accounts, or investment services) through Nerdwallet's platform.

Therefore, Nerdwallet's major customers are these financial services providers. While Nerdwallet partners with a wide array of financial institutions, it states in its public filings that its top ten partners account for approximately 70% of its revenue. These partners span various categories, with credit card issuers being a particularly significant source of revenue.

Major customer companies of Nerdwallet include, but are not limited to, prominent financial institutions such as:

  • JPMorgan Chase & Co. (symbol: JPM)
  • Capital One Financial Corp. (symbol: COF)
  • American Express Company (symbol: AXP)
  • Citigroup Inc. (symbol: C)
  • Discover Financial Services (symbol: DFS)
  • SoFi Technologies, Inc. (symbol: SOFI)
  • Ally Financial Inc. (symbol: ALLY)

AI Analysis | Feedback

Amazon.com, Inc. (AMZN)

AI Analysis | Feedback

Tim Chen, Chief Executive Officer

Tim Chen co-founded NerdWallet in August 2009 with Jacob Gibson, starting the company with an initial capital investment of $800. His motivation stemmed from a personal finance problem he encountered after being laid off from a hedge fund in late 2008 during the financial crisis. Before founding NerdWallet, Chen worked as a hedge fund analyst at Perry Capital, specializing in payment processing firms, credit card networks, and technology companies. He also held a position as an equity analyst at Credit Suisse First Boston.

John Lee, Chief Finance Officer

Prior to his role at NerdWallet, John Lee served as the Chief Operating Officer and Chief Financial Officer of Divvy Homes. Divvy Homes was acquired by Brookfield in early 2025.

Jason Rodriguez, Chief Product Officer

Ekumene "E" Lysonge, Chief Legal Officer and Corporate Secretary

Lynee Luque, Chief People Officer

AI Analysis | Feedback

The key risks to NerdWallet's (NRDS) business are primarily centered around its reliance on external platforms and the cyclical nature of the financial services industry.

  1. Dependency on Search Algorithms and Generative AI: NerdWallet heavily relies on organic search traffic, particularly from platforms like Google, to attract users. Changes in search engine algorithms or the increasing adoption of generative AI models (such as Google's AI responses or ChatGPT) could significantly divert traffic away from NerdWallet's webpages. This risk has been explicitly cited as a cause for "headwinds in organic search traffic," impacting revenue in key segments like credit cards and SMB products.
  2. Cyclicality of Financial Product Marketing Budgets: NerdWallet generates revenue through affiliate relationships with financial product providers, including credit card companies, banks, and insurance carriers. The marketing budgets of these partners are often cyclical, meaning they can fluctuate based on economic conditions and industry trends. This cyclicality can lead to variations in NerdWallet's revenue streams, as seen in the waning appetite of insurance carriers for policy switchers and the historical volatility of marketing spend by banks.
  3. Intense Competition and Rapid Technological Change: Operating within the interactive media industry, NerdWallet faces a dynamic landscape characterized by rapid technological advancements and fierce competition. An increasing number of companies and individuals are producing financial content, intensifying the competition for user attention. This competitive pressure, combined with the need to constantly adapt to technological shifts, could impact NerdWallet's competitive positioning and its ability to maintain or grow its market share.

AI Analysis | Feedback

The clear emerging threat for Nerdwallet (NRDS) is the rise of sophisticated AI models and chatbots (e.g., from Google, OpenAI, Microsoft) that can provide highly personalized, real-time financial advice, compare financial products (credit cards, loans, mortgages, investments), and potentially even facilitate direct applications or connections to financial institutions. This development could disintermediate Nerdwallet by offering consumers a more direct, conversational, and integrated way to discover and apply for financial products, bypassing traditional affiliate-driven content aggregators.

AI Analysis | Feedback

NerdWallet (NRDS) operates within the U.S. financial services market, with its primary addressable market being digital advertising spend in this sector. This market was estimated to be over $32 billion in 2022 and has been experiencing double-digit annual growth. NerdWallet also considers its total addressable market to be approximately $36 billion, with significant expansion opportunities. The U.S. fintech market, which NerdWallet is a part of, was valued at approximately $25.8 billion in 2024, with projections indicating continued growth. Some reports suggest the U.S. fintech market could capture a larger share of a $248.5 billion U.S. fintech market.

For its main product and service categories, the addressable markets are as follows:

  • Credit Cards: The total value of the U.S. credit card market reached $461 billion in 2023.
  • Loans (Personal Loans, Mortgages, Auto Loans, Student Loans, Small Business Loans): NerdWallet offers comparison tools for various types of loans. While NerdWallet provides insights into personal loan sizes, with the average personal loan in the U.S. increasing from $5,046 in 2022 to $6,299 in 2023, a specific aggregate addressable market size for all loan products in terms of total market value for NerdWallet's services is not explicitly available in the provided information.
  • Insurance (Auto, Home, Renters, Life, Health): NerdWallet provides comparison platforms for various insurance types. While NerdWallet analyzes trillions of rates for auto and homeowners insurance and notes average costs, a specific total addressable market size in terms of market value for NerdWallet's comparison services within the insurance sector is not explicitly available in the provided information.
  • Banking Products (Checking Accounts, Savings Accounts, Certificates of Deposit): NerdWallet features comparison tools for these banking products. A specific addressable market size for NerdWallet's comparison services within the banking products sector is not explicitly available in the provided information.
  • Investing (Investment Platforms, Robo-Advisors, Brokerage Accounts): NerdWallet analyzes and provides content on investment products. A specific addressable market size for NerdWallet's comparison services within the investing sector is not explicitly available in the provided information.

AI Analysis | Feedback

NerdWallet (NRDS) is expected to drive future revenue growth over the next 2-3 years through several key strategies:

  1. Expansion in Emerging Verticals, particularly Insurance: NerdWallet has seen substantial growth in its "Emerging verticals" segment, which includes insurance products. In Q3 2024, revenue from emerging verticals grew 129% year-over-year, with strong performance in insurance products. Insurance revenues specifically surged 916% year-over-year in Q3 2024, driven by increased premiums and an improved shopping experience. The company plans continued investment in this vertical to further drive revenue and enhance the end-user experience.
  2. Growth in Small and Mid-sized Business (SMB) Products: The SMB products segment demonstrated a 12% year-over-year revenue increase in Q3 2024, primarily from business credit cards and loan renewals. NerdWallet aims to strengthen its offerings for SMBs, with strategic initiatives including vertical integration to provide more hands-on guidance in this space.
  3. Resurgence and Strength in Banking and Personal Loans: After facing some headwinds in earlier periods, NerdWallet experienced significant revenue growth in its banking and personal loans categories. In Q3 2025, banking revenue was up 96% year-over-year, and personal loans increased by 91% year-over-year, contributing significantly to the overall revenue outperformance. This category strength is expected to continue supporting growth.
  4. Strategic Acquisitions and Vertical Integration: NerdWallet is actively pursuing strategic acquisitions and vertical integration to enhance its position as a "Trusted Financial Ecosystem." The acquisition of Next Door Lending, a mortgage brokerage, is a prime example, intended to offer consumers more direct guidance and build deeper relationships. This strategy allows NerdWallet to expand into new areas and provide more comprehensive services.
  5. Investment in AI-driven Channels and Performance Marketing: To counteract challenges from organic search traffic declines, NerdWallet is prioritizing performance marketing and investing in AI-driven channels such as large language models (LLMs). These new channels have shown higher conversion and engagement rates. The company is focusing on content trustworthiness within these channels to drive better conversion rates and expects these investments to play a larger role in future growth.

AI Analysis | Feedback

Share Repurchases

  • NerdWallet authorized a new share repurchase program of up to $50 million in September 2024, replacing a previous $30 million program that had been fully utilized.
  • As of November 5, 2025, NerdWallet had $30.3 million remaining authorized under its share repurchase program.
  • In Q3 2025, the company repurchased $19.2 million in shares, with an additional $25.5 million repurchased post-quarter, as of November 5, 2025.

Share Issuance

  • NerdWallet went public in November 2021, with its Initial Public Offering (IPO) pricing 6,900,000 shares of Class A common stock at $18.00 per share.

Outbound Investments

  • In August and November 2020, NerdWallet expanded its presence by acquiring Know Your Money in the UK and Fundera, a small business loan marketplace.
  • NerdWallet acquired On the Barrelhead, a fintech company, for $120 million in July 2022.
  • The company continued its vertical integration strategy by acquiring Next Door Lending in October 2024, adding mortgage origination capabilities, and Future You, a small RIA rebranded as NerdWallet Wealth Partners, in June 2025.

Capital Expenditures

  • NerdWallet's capital expenditures were approximately $0.7 million in 2023, $29.7 million in 2024, and are estimated to be $15.4 million for 2025.
  • Forecasted capital expenditures for 2026 are approximately $17.2 million.
  • The company's strategic investments include vertical integration in the SMB and mortgages space and AI-driven personalization.

Better Bets than Nerdwallet (NRDS)

Trade Ideas

Select ideas related to NRDS. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
PINS_11302025_Monopoly_xInd_xCD_Getting_Cheaper11302025PINSPinterestMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
0.1%0.1%-1.4%
TMUS_11212025_Monopoly_xInd_xCD_Getting_Cheaper11212025TMUST-Mobile USMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
-3.6%-3.6%-6.4%
Z_11212025_Monopoly_xInd_xCD_Getting_Cheaper11212025ZZillowMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
-1.9%-1.9%-5.1%
IRDM_11072025_Dip_Buyer_High_CFO_Margins_ExInd_DE11072025IRDMIridium CommunicationsDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
3.4%3.4%-5.6%
TTD_10032025_Dip_Buyer_High_CFO_Margins_ExInd_DE10032025TTDTrade DeskDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
-25.7%-25.7%-29.8%

Recent Active Movers

More From Trefis

Peer Comparisons for Nerdwallet

Peers to compare with:

Financials

NRDSHPQHPEIBMCSCOAAPLMedian
NameNerdwall.HP Hewlett .Internat.Cisco Sy.Apple  
Mkt Price13.9423.2624.49305.0978.16273.4051.32
Mkt Cap1.121.932.6284.9309.24,074.4158.8
Rev LTM79555,29534,29665,40257,696408,62556,496
Op Inc LTM543,6241,64411,54412,991130,2147,584
FCF LTM842,80062711,85412,73396,1847,327
FCF 3Y Avg622,9781,40011,75313,879100,5037,366
CFO LTM1033,6972,91913,48313,744108,5658,590
CFO 3Y Avg863,6723,89613,49814,736111,5598,697

Growth & Margins

NRDSHPQHPEIBMCSCOAAPLMedian
NameNerdwall.HP Hewlett .Internat.Cisco Sy.Apple  
Rev Chg LTM24.7%3.2%13.8%4.5%8.9%6.0%7.4%
Rev Chg 3Y Avg17.3%-3.9%6.5%2.6%3.7%1.8%3.2%
Rev Chg Q12.4%4.2%14.4%9.1%7.5%9.6%9.4%
QoQ Delta Rev Chg LTM3.1%1.1%3.7%2.1%1.8%2.1%2.1%
Op Mgn LTM6.9%6.6%4.8%17.7%22.5%31.9%12.3%
Op Mgn 3Y Avg3.0%7.4%7.2%16.4%24.2%30.8%11.9%
QoQ Delta Op Mgn LTM3.4%-0.2%-1.4%0.6%0.4%0.1%0.2%
CFO/Rev LTM12.9%6.7%8.5%20.6%23.8%26.6%16.8%
CFO/Rev 3Y Avg12.5%6.8%12.7%21.4%26.1%28.4%17.1%
FCF/Rev LTM10.6%5.1%1.8%18.1%22.1%23.5%14.4%
FCF/Rev 3Y Avg8.9%5.5%4.6%18.6%24.6%25.6%13.8%

Valuation

NRDSHPQHPEIBMCSCOAAPLMedian
NameNerdwall.HP Hewlett .Internat.Cisco Sy.Apple  
Mkt Cap1.121.932.6284.9309.24,074.4158.8
P/S1.30.41.04.45.410.02.8
P/EBIT21.26.819.925.122.531.321.9
P/E14.48.6572.736.029.941.033.0
P/CFO10.35.911.221.122.537.516.2
Total Yield6.9%14.1%2.3%5.0%5.4%2.8%5.2%
Dividend Yield0.0%2.5%2.1%2.2%2.1%0.4%2.1%
FCF Yield 3Y Avg7.4%10.6%5.5%6.4%6.0%3.1%6.2%
D/E0.00.50.70.20.10.00.2
Net D/E-0.10.30.60.20.00.00.1

Returns

NRDSHPQHPEIBMCSCOAAPLMedian
NameNerdwall.HP Hewlett .Internat.Cisco Sy.Apple  
1M Rtn-7.4%-1.8%14.4%0.6%2.7%-1.5%-0.4%
3M Rtn26.6%-11.9%2.7%7.9%17.0%7.1%7.5%
6M Rtn27.5%-4.0%34.5%6.6%15.2%36.3%21.4%
12M Rtn5.8%-27.0%16.2%40.5%34.5%7.5%11.8%
3Y Rtn58.8%-1.9%71.1%143.1%81.3%120.2%76.2%
1M Excs Rtn-7.4%-5.6%12.9%-2.2%-0.0%-3.7%-3.0%
3M Excs Rtn22.3%-16.2%-1.7%3.6%12.7%2.8%3.2%
6M Excs Rtn15.3%-16.3%22.3%-5.7%3.0%24.0%9.1%
12M Excs Rtn-7.4%-42.9%-0.7%25.0%19.9%-8.4%-4.1%
3Y Excs Rtn-37.0%-83.5%-11.2%59.6%-1.2%28.4%-6.2%

Financials

Segment Financials

Revenue by Segment
$ Mil2024202320222021
Credit cards21021012478
Emerging verticals142128  
Loans10210912681
Small and mid-sized businesses (SMB) products10191  
Insurance45   
Other verticals  12986
Total599539380245


Price Behavior

Price Behavior
Market Price$13.94 
Market Cap ($ Bil)1.1 
First Trading Date11/04/2021 
Distance from 52W High-12.5% 
   50 Days200 Days
DMA Price$13.57$11.08
DMA Trendupup
Distance from DMA2.8%25.8%
 3M1YR
Volatility45.9%57.4%
Downside Capture105.41161.54
Upside Capture198.04142.43
Correlation (SPY)37.4%43.0%
NRDS Betas & Captures as of 11/30/2025

 1M2M3M6M1Y3Y
Beta2.041.791.781.501.291.39
Up Beta0.431.412.101.811.110.94
Down Beta0.291.341.381.091.101.45
Up Capture543%376%314%199%204%454%
Bmk +ve Days13263974142427
Stock +ve Days12263567121374
Down Capture142%121%119%127%131%110%
Bmk -ve Days7162452107323
Stock -ve Days8162857121363

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
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Based On 5-Year Data
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Based On 10-Year Data
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Short Interest

Short Interest: As Of Date12152025
Short Interest: Shares Quantity2,234,915
Short Interest: % Change Since 113020253.3%
Average Daily Volume983,943
Days-to-Cover Short Interest2.27
Basic Shares Quantity75,700,000
Short % of Basic Shares3.0%

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
11/6/202513.9%18.9%24.0%
8/7/2025-17.1%-6.7%1.0%
5/6/202529.0%37.2%28.4%
2/19/2025-18.6%-27.0%-35.6%
10/29/202433.0%38.7%25.7%
7/31/2024-21.8%-27.2%-11.6%
4/25/2024-4.7%-0.1%1.6%
2/14/2024-1.4%-4.1%-7.6%
...
SUMMARY STATS   
# Positive8710
# Negative785
Median Positive27.5%34.5%20.8%
Median Negative-17.1%-11.0%-15.3%
Max Positive40.7%67.3%74.7%
Max Negative-22.4%-33.3%-35.6%

SEC Filings

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Report DateFiling DateFiling
93020251106202510-Q 9/30/2025
6302025807202510-Q 6/30/2025
3312025506202510-Q 3/31/2025
12312024219202510-K 12/31/2024
93020241029202410-Q 9/30/2024
6302024731202410-Q 6/30/2024
3312024425202410-Q 3/31/2024
12312023220202410-K 12/31/2023
93020231026202310-Q 9/30/2023
6302023802202310-Q 6/30/2023
3312023502202310-Q 3/31/2023
12312022223202310-K 12/31/2022
93020221102202210-Q 9/30/2022
6302022805202210-Q 6/30/2022
3312022503202210-Q 3/31/2022
12312021324202210-K 12/31/2021