Nerdwallet (NRDS)
Market Price (2/22/2026): $10.135 | Market Cap: $767.2 MilSector: Communication Services | Industry: Interactive Media & Services
Nerdwallet (NRDS)
Market Price (2/22/2026): $10.135Market Cap: $767.2 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 9.5%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 5.3%, FCF Yield is 11% | Weak multi-year price returns2Y Excs Rtn is -75%, 3Y Excs Rtn is -96% | 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 -16% | ||
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 25% | ||
| Attractive cash flow generationCFO/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% | ||
| 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 9.5%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 5.3%, FCF Yield is 11% |
| 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 -16% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 25% |
| Attractive cash flow generationCFO/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% |
| 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 -75%, 3Y Excs Rtn is -96% |
| 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
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Nerdwallet (NRDS) stock has lost about 15% since 10/31/2025 because of the following key factors:
1. Shift in Analyst Sentiment and Downgrades: While NerdWallet's Q3 2025 earnings reported on November 6, 2025, were positive and led some analysts to raise price targets, the overall analyst consensus shifted from a generally "Buy" rating in early November 2025 to a "Hold" consensus by February 2026. This period saw at least one analyst downgrade the stock, indicating growing caution or skepticism regarding NerdWallet's future prospects.
2. Concerns Regarding AI Impact on Organic Search Traffic and Margins: A significant factor contributing to investor apprehension was the emergence of narratives around mid-December 2025, suggesting that an "AI Search Shift Will Erode Traffic And Squeeze Margins Over Time." This highlighted a perceived long-term threat to NerdWallet's foundational business model, which relies on organic search traffic for user acquisition, leading to concerns about its ability to maintain growth and profitability in an evolving digital landscape.
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1. Shift in Analyst Sentiment and Downgrades: While NerdWallet's Q3 2025 earnings reported on November 6, 2025, were positive and led some analysts to raise price targets, the overall analyst consensus shifted from a generally "Buy" rating in early November 2025 to a "Hold" consensus by February 2026. This period saw at least one analyst downgrade the stock, indicating growing caution or skepticism regarding NerdWallet's future prospects.
2. Concerns Regarding AI Impact on Organic Search Traffic and Margins: A significant factor contributing to investor apprehension was the emergence of narratives around mid-December 2025, suggesting that an "AI Search Shift Will Erode Traffic And Squeeze Margins Over Time." This highlighted a perceived long-term threat to NerdWallet's foundational business model, which relies on organic search traffic for user acquisition, leading to concerns about its ability to maintain growth and profitability in an evolving digital landscape.
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Stock Movement Drivers
Fundamental Drivers
The -13.1% change in NRDS stock from 10/31/2025 to 2/21/2026 was primarily driven by a -43.5% change in the company's P/E Multiple.| (LTM values as of) | 10312025 | 2212026 | Change |
|---|---|---|---|
| Stock Price ($) | 11.67 | 10.14 | -13.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 771 | 795 | 3.1% |
| Net Income Margin (%) | 6.1% | 9.2% | 51.0% |
| P/E Multiple | 18.5 | 10.5 | -43.5% |
| Shares Outstanding (Mil) | 75 | 76 | -1.2% |
| Cumulative Contribution | -13.1% |
Market Drivers
10/31/2025 to 2/21/2026| Return | Correlation | |
|---|---|---|
| NRDS | -13.1% | |
| Market (SPY) | 1.1% | 36.4% |
| Sector (XLC) | 1.7% | 34.3% |
Fundamental Drivers
The -4.2% change in NRDS stock from 7/31/2025 to 2/21/2026 was primarily driven by a -60.7% change in the company's P/E Multiple.| (LTM values as of) | 7312025 | 2212026 | Change |
|---|---|---|---|
| Stock Price ($) | 10.59 | 10.14 | -4.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 735 | 795 | 8.2% |
| Net Income Margin (%) | 4.0% | 9.2% | 129.7% |
| P/E Multiple | 26.6 | 10.5 | -60.7% |
| Shares Outstanding (Mil) | 74 | 76 | -2.0% |
| Cumulative Contribution | -4.2% |
Market Drivers
7/31/2025 to 2/21/2026| Return | Correlation | |
|---|---|---|
| NRDS | -4.2% | |
| Market (SPY) | 9.4% | 33.3% |
| Sector (XLC) | 9.1% | 35.8% |
Fundamental Drivers
The -29.0% change in NRDS stock from 1/31/2025 to 2/21/2026 was primarily driven by a -44.3% change in the company's P/S Multiple.| (LTM values as of) | 1312025 | 2212026 | Change |
|---|---|---|---|
| Stock Price ($) | 14.28 | 10.14 | -29.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 638 | 795 | 24.7% |
| P/S Multiple | 1.7 | 1.0 | -44.3% |
| Shares Outstanding (Mil) | 77 | 76 | 2.2% |
| Cumulative Contribution | -29.0% |
Market Drivers
1/31/2025 to 2/21/2026| Return | Correlation | |
|---|---|---|
| NRDS | -29.0% | |
| Market (SPY) | 15.6% | 44.1% |
| Sector (XLC) | 15.1% | 41.7% |
Fundamental Drivers
The -13.3% change in NRDS stock from 1/31/2023 to 2/21/2026 was primarily driven by a -44.1% change in the company's P/S Multiple.| (LTM values as of) | 1312023 | 2212026 | Change |
|---|---|---|---|
| Stock Price ($) | 11.69 | 10.14 | -13.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 496 | 795 | 60.2% |
| P/S Multiple | 1.7 | 1.0 | -44.1% |
| Shares Outstanding (Mil) | 73 | 76 | -3.0% |
| Cumulative Contribution | -13.3% |
Market Drivers
1/31/2023 to 2/21/2026| Return | Correlation | |
|---|---|---|
| NRDS | -13.3% | |
| Market (SPY) | 75.9% | 32.2% |
| Sector (XLC) | 118.3% | 29.3% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| NRDS Return | -45% | -38% | 53% | -10% | 2% | -25% | -64% |
| Peers Return | -26% | -45% | 47% | 41% | 37% | -25% | -14% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 0% | 83% |
Monthly Win Rates [3] | |||||||
| NRDS Win Rate | 0% | 50% | 58% | 50% | 50% | 0% | |
| Peers Win Rate | 37% | 37% | 53% | 58% | 55% | 20% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| NRDS Max Drawdown | -50% | -53% | -32% | -28% | -41% | -32% | |
| Peers Max Drawdown | -39% | -66% | -34% | -20% | -23% | -27% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[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 2/20/2026 (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.
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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)
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Amazon.com, Inc. (AMZN)
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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
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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.
- 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.
- 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.
- 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.
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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.
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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.
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NerdWallet (NRDS) is expected to drive future revenue growth over the next 2-3 years through several key strategies:
- 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.
- 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.
- 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.
- 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.
- 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.
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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.
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Research & Analysis
Invest in Strategies
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 16.73 |
| Mkt Cap | 0.7 |
| Rev LTM | 1,082 |
| Op Inc LTM | 57 |
| FCF LTM | 72 |
| FCF 3Y Avg | 36 |
| CFO LTM | 81 |
| CFO 3Y Avg | 46 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 35.5% |
| Rev Chg 3Y Avg | 19.0% |
| Rev Chg Q | 19.2% |
| QoQ Delta Rev Chg LTM | 4.7% |
| Op Mgn LTM | 7.1% |
| Op Mgn 3Y Avg | 2.0% |
| QoQ Delta Op Mgn LTM | 0.8% |
| CFO/Rev LTM | 8.0% |
| CFO/Rev 3Y Avg | 6.1% |
| FCF/Rev LTM | 6.8% |
| FCF/Rev 3Y Avg | 4.7% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 0.7 |
| P/S | 0.9 |
| P/EBIT | 12.4 |
| P/E | 10.5 |
| P/CFO | 6.4 |
| Total Yield | 6.2% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 3.8% |
| D/E | 0.1 |
| Net D/E | -0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -25.5% |
| 3M Rtn | -23.7% |
| 6M Rtn | -25.0% |
| 12M Rtn | -3.7% |
| 3Y Rtn | 0.1% |
| 1M Excs Rtn | -24.2% |
| 3M Excs Rtn | -27.3% |
| 6M Excs Rtn | -27.7% |
| 12M Excs Rtn | -32.9% |
| 3Y Excs Rtn | -73.4% |
Price Behavior
Price Behavior
| Market Price | $10.14 | |
| Market Cap ($ Bil) | 0.8 | |
| First Trading Date | 11/04/2021 | |
| Distance from 52W High | -36.3% | |
| 50 Days | 200 Days | |
| DMA Price | $12.65 | $11.67 |
| DMA Trend | up | down |
| Distance from DMA | -19.8% | -13.1% |
| 3M | 1YR | |
| Volatility | 46.1% | 55.1% |
| Downside Capture | 296.04 | 169.15 |
| Upside Capture | 40.76 | 142.23 |
| Correlation (SPY) | 36.3% | 45.7% |
NRDS Betas & Captures as of 1/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.62 | 0.07 | 1.10 | 1.23 | 1.29 | 1.33 |
| Up Beta | 5.83 | 3.16 | 2.28 | 2.21 | 1.16 | 0.99 |
| Down Beta | -0.21 | -0.92 | -0.06 | 0.76 | 1.08 | 1.34 |
| Up Capture | -124% | -118% | 139% | 115% | 157% | 307% |
| Bmk +ve Days | 11 | 22 | 34 | 71 | 142 | 430 |
| Stock +ve Days | 10 | 16 | 28 | 64 | 120 | 367 |
| Down Capture | 133% | 147% | 124% | 107% | 137% | 110% |
| Bmk -ve Days | 9 | 19 | 27 | 54 | 109 | 321 |
| Stock -ve Days | 10 | 25 | 33 | 61 | 125 | 371 |
[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 | -25.9% | 58.8% | -0.29 | - |
| Sector ETF (XLC) | 12.3% | 18.8% | 0.49 | 41.4% |
| Equity (SPY) | 13.5% | 19.4% | 0.53 | 44.1% |
| Gold (GLD) | 74.5% | 25.6% | 2.15 | -4.7% |
| Commodities (DBC) | 7.2% | 16.9% | 0.25 | 10.5% |
| Real Estate (VNQ) | 7.1% | 16.7% | 0.24 | 34.1% |
| Bitcoin (BTCUSD) | -29.7% | 44.9% | -0.65 | 24.7% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with NRDS | |
|---|---|---|---|---|
| NRDS | -18.2% | 69.1% | -0.06 | - |
| Sector ETF (XLC) | 10.9% | 20.8% | 0.44 | 33.5% |
| Equity (SPY) | 13.4% | 17.0% | 0.62 | 33.9% |
| Gold (GLD) | 22.6% | 17.1% | 1.08 | -1.8% |
| Commodities (DBC) | 10.9% | 19.0% | 0.46 | 3.8% |
| Real Estate (VNQ) | 5.0% | 18.8% | 0.17 | 26.0% |
| Bitcoin (BTCUSD) | 7.4% | 57.1% | 0.35 | 16.5% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with NRDS | |
|---|---|---|---|---|
| NRDS | -9.5% | 69.1% | -0.06 | - |
| Sector ETF (XLC) | 9.6% | 22.4% | 0.52 | 33.5% |
| Equity (SPY) | 16.1% | 17.9% | 0.77 | 33.9% |
| Gold (GLD) | 14.8% | 15.6% | 0.79 | -1.8% |
| Commodities (DBC) | 8.6% | 17.6% | 0.40 | 3.8% |
| Real Estate (VNQ) | 7.0% | 20.7% | 0.30 | 26.0% |
| Bitcoin (BTCUSD) | 68.0% | 66.7% | 1.07 | 16.5% |
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Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 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% |
| 2/14/2024 | -1.4% | -4.1% | -7.6% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 8 | 7 | 10 |
| # Negative | 7 | 8 | 5 |
| Median Positive | 27.5% | 34.5% | 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 |
|---|---|---|
| 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 |
| 12/31/2021 | 03/24/2022 | 10-K |
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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