Nerdwallet (NRDS)
Market Price (6/17/2026): $8.59 | Market Cap: $585.8 MilSector: Communication Services | Industry: Interactive Media & Services
Nerdwallet (NRDS)
Market Price (6/17/2026): $8.59Market Cap: $585.8 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 12%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 7.6%, FCF Yield is 21% Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 16% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 17%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 14% Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -42% Low stock price volatilityVol 12M is 48% 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 -90% | Key risksNRDS key risks include [1] its vulnerability to traffic diversion from evolving search engine algorithms and the rise of generative AI, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 12%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 7.6%, FCF Yield is 21% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 16% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 17%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 14% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -42% |
| Low stock price volatilityVol 12M is 48% |
| 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 -90% |
| 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 20% since 2/28/2026 because of the following key factors:
1. NerdWallet's Q1 2026 revenue missed analyst expectations, leading to a significant stock decline.
The company reported Q1 2026 revenue of $222.2 million, which fell short of analysts' consensus estimates of $227.63 million by approximately 2.47% to 2.66%. This revenue miss, despite an earnings per share (EPS) beat of $0.29 against an estimated $0.25, prompted a sharp market reaction, with the stock dropping 10.28% in after-hours trading following the May 6, 2026, earnings release.
2. Weak performance in the Small and Medium-sized Business (SMB) and credit card segments due to organic search headwinds contributed to investor concerns.
While NerdWallet's consumer revenue grew 10% year-over-year in Q1 2026, driven by banking and personal loans, this growth was partially offset by a decline in consumer credit card revenue. More notably, the SMB vertical experienced a 15% year-over-year decline in revenue, both largely attributed to ongoing organic search pressures.
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Nerdwallet (NRDS) stock has lost about 20% since 2/28/2026 because of the following key factors:
1. NerdWallet's Q1 2026 revenue missed analyst expectations, leading to a significant stock decline.
The company reported Q1 2026 revenue of $222.2 million, which fell short of analysts' consensus estimates of $227.63 million by approximately 2.47% to 2.66%. This revenue miss, despite an earnings per share (EPS) beat of $0.29 against an estimated $0.25, prompted a sharp market reaction, with the stock dropping 10.28% in after-hours trading following the May 6, 2026, earnings release.
2. Weak performance in the Small and Medium-sized Business (SMB) and credit card segments due to organic search headwinds contributed to investor concerns.
While NerdWallet's consumer revenue grew 10% year-over-year in Q1 2026, driven by banking and personal loans, this growth was partially offset by a decline in consumer credit card revenue. More notably, the SMB vertical experienced a 15% year-over-year decline in revenue, both largely attributed to ongoing organic search pressures.
3. Cautious forward-looking guidance for Q2 and the full year 2026 impacted investor sentiment.
Management's guidance indicated potential revenue and income softness for Q2 2026. Furthermore, the full-year 2026 Non-GAAP Operating Income (NGOI) guidance saw its low end reduced, reflecting anticipated weakness in auto insurance monetization and increased investment, suggesting a less optimistic outlook for future profitability.
4. Analyst downgrades and reductions in price targets reflected a more conservative institutional outlook for the stock.
During the specified period, Morgan Stanley downgraded NerdWallet (NRDS) from "Equal Weight" to "Underweight" and lowered its price target from $14 to $9 around April 2026, citing that consensus earnings estimates were overly optimistic. Additionally, Oppenheimer reduced its price target from $18 to $15 around March 2026.
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Stock Movement Drivers
Fundamental Drivers
The -21.7% change in NRDS stock from 2/28/2026 to 6/16/2026 was primarily driven by a -47.9% change in the company's P/E Multiple.| (LTM values as of) | 2282026 | 6162026 | Change |
|---|---|---|---|
| Stock Price ($) | 10.85 | 8.50 | -21.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 837 | 850 | 1.6% |
| Net Income Margin (%) | 5.8% | 8.1% | 39.3% |
| P/E Multiple | 16.2 | 8.4 | -47.9% |
| Shares Outstanding (Mil) | 72 | 68 | 6.3% |
| Cumulative Contribution | -21.7% |
Market Drivers
2/28/2026 to 6/16/2026| Return | Correlation | |
|---|---|---|
| NRDS | -21.7% | |
| Market (SPY) | 9.7% | 14.7% |
| Sector (XLC) | -4.6% | 27.7% |
Fundamental Drivers
The -43.4% change in NRDS stock from 11/30/2025 to 6/16/2026 was primarily driven by a -45.7% change in the company's P/E Multiple.| (LTM values as of) | 11302025 | 6162026 | Change |
|---|---|---|---|
| Stock Price ($) | 15.01 | 8.50 | -43.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 795 | 850 | 6.9% |
| Net Income Margin (%) | 9.2% | 8.1% | -12.0% |
| P/E Multiple | 15.5 | 8.4 | -45.7% |
| Shares Outstanding (Mil) | 76 | 68 | 11.0% |
| Cumulative Contribution | -43.4% |
Market Drivers
11/30/2025 to 6/16/2026| Return | Correlation | |
|---|---|---|
| NRDS | -43.4% | |
| Market (SPY) | 10.4% | 21.0% |
| Sector (XLC) | -2.0% | 31.9% |
Fundamental Drivers
The -19.4% change in NRDS stock from 5/31/2025 to 6/16/2026 was primarily driven by a -68.3% change in the company's P/E Multiple.| (LTM values as of) | 5312025 | 6162026 | Change |
|---|---|---|---|
| Stock Price ($) | 10.54 | 8.50 | -19.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 735 | 850 | 15.6% |
| Net Income Margin (%) | 4.0% | 8.1% | 102.0% |
| P/E Multiple | 26.5 | 8.4 | -68.3% |
| Shares Outstanding (Mil) | 74 | 68 | 8.8% |
| Cumulative Contribution | -19.4% |
Market Drivers
5/31/2025 to 6/16/2026| Return | Correlation | |
|---|---|---|
| NRDS | -19.4% | |
| Market (SPY) | 28.8% | 26.9% |
| Sector (XLC) | 12.1% | 33.1% |
Fundamental Drivers
The -9.6% change in NRDS stock from 5/31/2023 to 6/16/2026 was primarily driven by a -97.6% change in the company's P/E Multiple.| (LTM values as of) | 5312023 | 6162026 | Change |
|---|---|---|---|
| Stock Price ($) | 9.40 | 8.50 | -9.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 579 | 850 | 46.6% |
| Net Income Margin (%) | 0.3% | 8.1% | 2249.4% |
| P/E Multiple | 356.3 | 8.4 | -97.6% |
| Shares Outstanding (Mil) | 76 | 68 | 11.1% |
| Cumulative Contribution | -9.6% |
Market Drivers
5/31/2023 to 6/16/2026| Return | Correlation | |
|---|---|---|
| NRDS | -9.6% | |
| Market (SPY) | 86.6% | 32.8% |
| Sector (XLC) | 86.5% | 30.9% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| NRDS Return | -45% | -38% | 53% | -10% | 2% | -38% | -70% |
| Peers Return | -26% | -45% | 47% | 41% | 37% | -26% | -15% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 10% | 101% |
Monthly Win Rates [3] | |||||||
| NRDS Win Rate | 0% | 50% | 58% | 50% | 50% | 17% | |
| Peers Win Rate | 37% | 37% | 53% | 58% | 55% | 37% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| NRDS Max Drawdown | - | -54% | -70% | -37% | -49% | -45% | |
| Peers Max Drawdown | -61% | -67% | -58% | -36% | -40% | -45% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[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 6/16/2026 (YTD)
How Low Can It Go
| Event | NRDS | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -44.2% | -18.8% |
| % Gain to Breakeven | 79.2% | 23.1% |
| Time to Breakeven | 216 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -25.2% | -7.8% |
| % Gain to Breakeven | 33.6% | 8.5% |
| Time to Breakeven | 84 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -38.3% | -9.5% |
| % Gain to Breakeven | 62.1% | 10.5% |
| Time to Breakeven | 5 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -41.0% | -6.7% |
| % Gain to Breakeven | 69.5% | 7.1% |
| Time to Breakeven | 220 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -53.7% | -24.5% |
| % Gain to Breakeven | 116.1% | 32.4% |
| Time to Breakeven | 280 days | 427 days |
In The Past
Nerdwallet's stock fell -44.2% during the 2025 US Tariff Shock. Such a loss loss requires a 79.2% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
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| Event | NRDS | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -44.2% | -18.8% |
| % Gain to Breakeven | 79.2% | 23.1% |
| Time to Breakeven | 216 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -25.2% | -7.8% |
| % Gain to Breakeven | 33.6% | 8.5% |
| Time to Breakeven | 84 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -38.3% | -9.5% |
| % Gain to Breakeven | 62.1% | 10.5% |
| Time to Breakeven | 5 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -41.0% | -6.7% |
| % Gain to Breakeven | 69.5% | 7.1% |
| Time to Breakeven | 220 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -53.7% | -24.5% |
| % Gain to Breakeven | 116.1% | 32.4% |
| Time to Breakeven | 280 days | 427 days |
In The Past
Nerdwallet's stock fell -44.2% during the 2025 US Tariff Shock. Such a loss loss requires a 79.2% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Nerdwallet (NRDS)
NerdWallet, Inc. (NRDS) operates a digital platform designed to empower consumers and small-to-mid-sized businesses in making informed financial decisions. The company achieves this by providing unbiased advice, educational resources, and direct connections to a broad spectrum of financial product providers.
The core of NerdWallet's offerings includes extensive educational content such as articles, tools, and calculators that simplify complex financial topics. Complementing this, its robust product marketplaces enable users to compare and select financial products across numerous categories, including credit cards, mortgages, insurance, personal loans, banking, investing, and student loans. These services are accessible through its website and the dedicated NerdWallet app.
NerdWallet primarily serves individual consumers seeking guidance on their personal finances, as well as small and mid-sized businesses looking for relevant financial solutions. The company's operations span key markets including the United States, the United Kingdom, and Canada.
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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.
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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.
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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, 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
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Nerdwallet Earnings Notes | 12/16/2025 | |
| With Nerdwallet Stock Surging, Have You Considered The Downside? | 10/17/2025 | |
| Nerdwallet (NRDS) Operating Cash Flow Comparison | 08/08/2025 | |
| Nerdwallet (NRDS) Debt Comparison | 08/08/2025 | |
| Nerdwallet (NRDS) Operating Income Comparison | 08/08/2025 | |
| Nerdwallet (NRDS) Revenue Comparison | 08/08/2025 | |
| Nerdwallet (NRDS) Net Income Comparison | 08/08/2025 | |
| Nerdwallet (NRDS) Tax Expense Comparison | 08/08/2025 | |
| Nerdwallet (NRDS) EBITDA Comparison | 08/08/2025 | |
| Why Nerdwallet Stock Moved: NRDS Stock Has Gained 56% Since 2022 Fiscal End, Primarily Due To Favorable Change In Revenues | 08/08/2025 | |
| ARTICLES | ||
| Stocks Trading At 52-Week Low | 05/15/2026 |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 15.82 |
| Mkt Cap | 0.7 |
| Rev LTM | 1,193 |
| Op Inc LTM | 83 |
| FCF LTM | 84 |
| FCF 3Y Avg | 52 |
| CFO LTM | 93 |
| CFO 3Y Avg | 64 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 24.2% |
| Rev Chg 3Y Avg | 31.6% |
| Rev Chg Q | 32.4% |
| QoQ Delta Rev Chg LTM | 7.4% |
| Op Inc Chg LTM | 720.4% |
| Op Inc Chg 3Y Avg | 315.9% |
| Op Mgn LTM | 9.5% |
| Op Mgn 3Y Avg | 3.7% |
| QoQ Delta Op Mgn LTM | 1.1% |
| CFO/Rev LTM | 8.1% |
| CFO/Rev 3Y Avg | 6.8% |
| FCF/Rev LTM | 7.0% |
| FCF/Rev 3Y Avg | 5.2% |
Price Behavior
| Market Price | $8.50 | |
| Market Cap ($ Bil) | 0.6 | |
| First Trading Date | 11/04/2021 | |
| Distance from 52W High | -46.6% | |
| 50 Days | 200 Days | |
| DMA Price | $9.41 | $11.32 |
| DMA Trend | down | down |
| Distance from DMA | -9.7% | -24.9% |
| 3M | 1YR | |
| Volatility | 47.5% | 48.6% |
| Downside Capture | 96.67 | 155.07 |
| Upside Capture | -2.51 | 83.43 |
| Correlation (SPY) | 15.7% | 27.1% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.02 | 0.54 | 0.57 | 0.89 | 1.16 | 1.32 |
| Up Beta | 1.97 | 0.95 | 0.97 | 1.06 | 1.23 | 1.10 |
| Down Beta | -1.48 | -1.77 | 0.10 | 0.47 | 0.79 | 1.39 |
| Up Capture | -181% | -31% | -5% | 13% | 87% | 212% |
| Bmk +ve Days | 13 | 28 | 36 | 67 | 141 | 432 |
| Stock +ve Days | 10 | 22 | 35 | 62 | 129 | 369 |
| Down Capture | 244% | 246% | 125% | 169% | 141% | 111% |
| Bmk -ve Days | 7 | 13 | 27 | 57 | 109 | 318 |
| Stock -ve Days | 9 | 18 | 27 | 61 | 118 | 367 |
[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 | -20.7% | 48.5% | -0.32 | - |
| Sector ETF (XLC) | 10.9% | 13.2% | 0.53 | 33.1% |
| Equity (SPY) | 27.2% | 12.4% | 1.66 | 26.9% |
| Gold (GLD) | 25.8% | 27.4% | 0.82 | -2.2% |
| Commodities (DBC) | 23.3% | 18.9% | 0.98 | -11.0% |
| Real Estate (VNQ) | 13.6% | 13.5% | 0.69 | 27.0% |
| Bitcoin (BTCUSD) | -37.7% | 42.4% | -1.00 | 22.5% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with NRDS | |
|---|---|---|---|---|
| NRDS | -21.0% | 67.9% | -0.11 | - |
| Sector ETF (XLC) | 8.3% | 20.6% | 0.32 | 33.3% |
| Equity (SPY) | 13.8% | 17.1% | 0.63 | 33.1% |
| Gold (GLD) | 17.6% | 18.2% | 0.78 | -2.4% |
| Commodities (DBC) | 7.8% | 19.4% | 0.30 | 2.2% |
| Real Estate (VNQ) | 2.5% | 18.8% | 0.04 | 26.1% |
| Bitcoin (BTCUSD) | 12.1% | 54.2% | 0.42 | 16.5% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with NRDS | |
|---|---|---|---|---|
| NRDS | -11.1% | 67.9% | -0.11 | - |
| Sector ETF (XLC) | 9.3% | 22.2% | 0.48 | 33.3% |
| Equity (SPY) | 15.4% | 18.0% | 0.73 | 33.1% |
| Gold (GLD) | 12.8% | 16.1% | 0.66 | -2.4% |
| Commodities (DBC) | 6.2% | 18.0% | 0.27 | 2.2% |
| Real Estate (VNQ) | 5.6% | 20.7% | 0.23 | 26.1% |
| Bitcoin (BTCUSD) | 60.7% | 66.8% | 1.00 | 16.5% |
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Returns Analyses
Earnings Returns History
Updated 6/9/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/6/2026 | -12.8% | -30.4% | -28.8% |
| 2/25/2026 | 7.3% | 8.2% | 2.0% |
| 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% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 9 | 8 | 12 |
| # Negative | 9 | 10 | 6 |
| Median Positive | 26.1% | 31.9% | 16.6% |
| Median Negative | -12.8% | -19.8% | -19.3% |
| Max Positive | 40.7% | 67.3% | 74.7% |
| Max Negative | -22.4% | -33.3% | -35.6% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/6/2026 | -12.8% | -30.4% | -28.8% |
| 2/25/2026 | 7.3% | 8.2% | 2.0% |
| 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% |
| 10/26/2023 | 40.7% | 67.3% | 74.7% |
| 8/2/2023 | -8.1% | -12.6% | -15.3% |
| 5/2/2023 | -22.4% | -33.3% | -23.4% |
| 2/14/2023 | 26.1% | 34.5% | 17.7% |
| 11/2/2022 | 37.4% | 29.3% | 29.1% |
| 8/5/2022 | 7.0% | 11.9% | 10.7% |
| 5/3/2022 | -2.6% | -27.9% | 15.4% |
| 2/24/2022 | 5.2% | -9.3% | 8.6% |
| SUMMARY STATS | |||
| # Positive | 9 | 8 | 12 |
| # Negative | 9 | 10 | 6 |
| Median Positive | 26.1% | 31.9% | 16.6% |
| Median Negative | -12.8% | -19.8% | -19.3% |
| 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 |
|---|---|---|
| 03/31/2026 | 05/06/2026 | 10-Q |
| 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 |
| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/06/2026 | 10-Q |
| 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 |
| 12/31/2021 | 03/24/2022 | 10-K |
| 09/30/2021 | 11/05/2021 | 424B4 |
Recent Forward Guidance
Updated 6/1/2026Latest: Q1 2026 Earnings Reported 5/6/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q2 2026 Revenue | 186.00 Mil | 194.00 Mil | 202.00 Mil | ||||
| Q2 2026 GAAP Operating Income | 1.00 Mil | 5.00 Mil | 9.00 Mil | ||||
| Q2 2026 Non-GAAP Operating Income | 6.00 Mil | 10.00 Mil | 14.00 Mil | ||||
| Q2 2026 Adjusted EBITDA | 19.00 Mil | 23.00 Mil | 27.00 Mil | ||||
| 2026 GAAP Operating Income | 65.00 Mil | 77.50 Mil | 90.00 Mil | -3.7% | Lowered | Guidance: 80.50 Mil for 2026 | |
| 2026 Non-GAAP Operating Income | 85.00 Mil | 97.50 Mil | 110.00 Mil | -4.9% | Lowered | Guidance: 102.50 Mil for 2026 | |
| 2026 Adjusted EBITDA | 132.00 Mil | 144.50 Mil | 157.00 Mil | -4.0% | Lowered | Guidance: 150.50 Mil for 2026 | |
Prior: Q4 2025 Earnings Reported 2/25/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2026 Revenue | 224.00 Mil | 228.00 Mil | 232.00 Mil | 8.1% | Higher New | Guidance: 211.00 Mil for Q4 2025 | |
| Q1 2026 GAAP Operating Income | 22.00 Mil | 24.50 Mil | 27.00 Mil | 63.3% | Higher New | Guidance: 15.00 Mil for Q4 2025 | |
| Q1 2026 Non-GAAP Operating Income | 28.00 Mil | 30.00 Mil | 32.00 Mil | 36.4% | Higher New | Guidance: 22.00 Mil for Q4 2025 | |
| Q1 2026 Adjusted EBITDA | 40.00 Mil | 42.00 Mil | 44.00 Mil | 20.0% | Higher New | Guidance: 35.00 Mil for Q4 2025 | |
| 2026 GAAP Operating Income | 72.00 Mil | 80.50 Mil | 89.00 Mil | 32.0% | Higher New | Guidance: 61.00 Mil for 2025 | |
| 2026 Non-GAAP Operating Income | 95.00 Mil | 102.50 Mil | 110.00 Mil | 10.2% | Higher New | Guidance: 93.00 Mil for 2025 | |
| 2026 Adjusted EBITDA | 143.00 Mil | 150.50 Mil | 158.00 Mil | 5.2% | Higher New | Guidance: 143.00 Mil for 2025 | |
Insider Activity
Updated 5/26/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Yount, Samuel | Chief Business Officer | Trusts | Sell | 3192026 | 10.31 | 47,710 | 491,983 | 3,174,892 | Form |
| 2 | Yount, Samuel | Chief Business Officer | LLC | Sell | 3192026 | 10.33 | 24,278 | 250,792 | 1,797,141 | Form |
| 3 | Yount, Samuel | Chief Business Officer | Trusts | Sell | 3162026 | 10.60 | 211 | 2,237 | 3,769,307 | Form |
| 4 | Yount, Samuel | Chief Business Officer | LLC | Sell | 3162026 | 10.61 | 2,800 | 29,708 | 2,103,443 | Form |
| 5 | Tatum, Nicholas | Chief Accounting Officer | Direct | Sell | 3062026 | 11.45 | 10,151 | 116,229 | 540,463 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Yount, Samuel | Chief Business Officer | Trusts | Sell | 3192026 | 10.31 | 47,710 | 491,983 | 3,174,892 | Form |
| 2 | Yount, Samuel | Chief Business Officer | LLC | Sell | 3192026 | 10.33 | 24,278 | 250,792 | 1,797,141 | Form |
| 3 | Yount, Samuel | Chief Business Officer | Trusts | Sell | 3162026 | 10.60 | 211 | 2,237 | 3,769,307 | Form |
| 4 | Yount, Samuel | Chief Business Officer | LLC | Sell | 3162026 | 10.61 | 2,800 | 29,708 | 2,103,443 | Form |
| 5 | Tatum, Nicholas | Chief Accounting Officer | Direct | Sell | 3062026 | 11.45 | 10,151 | 116,229 | 540,463 | Form |
| 6 | Tatum, Nicholas | Chief Accounting Officer | Direct | Sell | 3062026 | 11.45 | 893 | 10,225 | 663,505 | Form |
| 7 | Tatum, Nicholas | Chief Accounting Officer | Direct | Sell | 12052025 | 15.93 | 596 | 9,494 | 1,001,328 | Form |
| 8 | Yount, Samuel | Chief Business Officer | Trusts | Sell | 12042025 | 16.04 | 15,945 | 255,742 | 5,743,823 | Form |
| 9 | Yount, Samuel | Chief Business Officer | Trusts | Sell | 12012025 | 15.07 | 10,000 | 150,700 | 5,637,099 | Form |
| 10 | Yount, Samuel | Chief Business Officer | Trusts | Sell | 11262025 | 14.28 | 5,040 | 71,971 | 5,484,391 | Form |
| 11 | Yount, Samuel | Chief Business Officer | Trusts | Sell | 11182025 | 14.25 | 521 | 7,424 | 5,544,689 | Form |
| 12 | Yount, Samuel | Chief Business Officer | Trusts | Sell | 11132025 | 14.34 | 12,129 | 173,930 | 5,587,179 | Form |
| 13 | Tatum, Nicholas | Chief Accounting Officer | Direct | Sell | 10062025 | 10.76 | 4,272 | 45,967 | 731,895 | Form |
Industry Resources
| Communication Services Resources |
| Variety |
| The Hollywood Reporter |
| Adweek |
| Interactive Media & Services Resources |
| Social Media Today |
| Search Engine Land |
| Nieman Journalism Lab |
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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