Tearsheet

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): $8.59
Market Cap: $585.8 Mil
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 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 growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 16%

Attractive cash flow generation
CFO/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 expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -42%

Low stock price volatility
Vol 12M is 48%

Megatrend and thematic drivers
Megatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, and Wealth Management Technology.

Weak multi-year price returns
2Y Excs Rtn is -75%, 3Y Excs Rtn is -90%

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.

0 Attractive yield
Total 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%
1 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 16%
2 Attractive cash flow generation
CFO/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%
3 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -42%
4 Low stock price volatility
Vol 12M is 48%
5 Megatrend and thematic drivers
Megatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, and Wealth Management Technology.
6 Weak multi-year price returns
2Y Excs Rtn is -75%, 3Y Excs Rtn is -90%
7 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

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 6/3/2026

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.

Show more
Updated on 6/3/2026

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)22820266162026Change
Stock Price ($)10.858.50-21.7%
Change Contribution By: 
Total Revenues ($ Mil)8378501.6%
Net Income Margin (%)5.8%8.1%39.3%
P/E Multiple16.28.4-47.9%
Shares Outstanding (Mil)72686.3%
Cumulative Contribution-21.7%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2026 to 6/16/2026
ReturnCorrelation
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)113020256162026Change
Stock Price ($)15.018.50-43.4%
Change Contribution By: 
Total Revenues ($ Mil)7958506.9%
Net Income Margin (%)9.2%8.1%-12.0%
P/E Multiple15.58.4-45.7%
Shares Outstanding (Mil)766811.0%
Cumulative Contribution-43.4%

LTM = Last Twelve Months as of date shown

Market Drivers

11/30/2025 to 6/16/2026
ReturnCorrelation
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)53120256162026Change
Stock Price ($)10.548.50-19.4%
Change Contribution By: 
Total Revenues ($ Mil)73585015.6%
Net Income Margin (%)4.0%8.1%102.0%
P/E Multiple26.58.4-68.3%
Shares Outstanding (Mil)74688.8%
Cumulative Contribution-19.4%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2025 to 6/16/2026
ReturnCorrelation
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)53120236162026Change
Stock Price ($)9.408.50-9.6%
Change Contribution By: 
Total Revenues ($ Mil)57985046.6%
Net Income Margin (%)0.3%8.1%2249.4%
P/E Multiple356.38.4-97.6%
Shares Outstanding (Mil)766811.1%
Cumulative Contribution-9.6%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2023 to 6/16/2026
ReturnCorrelation
NRDS-9.6% 
Market (SPY)86.6%32.8%
Sector (XLC)86.5%30.9%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
NRDS Return-45%-38%53%-10%2%-38%-70%
Peers Return-26%-45%47%41%37%-26%-15%
S&P 500 Return27%-19%24%23%16%10%101%

Monthly Win Rates [3]
NRDS Win Rate0%50%58%50%50%17% 
Peers Win Rate37%37%53%58%55%37% 
S&P 500 Win Rate75%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

EventNRDSS&P 500
2025 US Tariff Shock
  % Loss-44.2%-18.8%
  % Gain to Breakeven79.2%23.1%
  Time to Breakeven216 days79 days
2024 Yen Carry Trade Unwind
  % Loss-25.2%-7.8%
  % Gain to Breakeven33.6%8.5%
  Time to Breakeven84 days18 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-38.3%-9.5%
  % Gain to Breakeven62.1%10.5%
  Time to Breakeven5 days24 days
2023 SVB Regional Banking Crisis
  % Loss-41.0%-6.7%
  % Gain to Breakeven69.5%7.1%
  Time to Breakeven220 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-53.7%-24.5%
  % Gain to Breakeven116.1%32.4%
  Time to Breakeven280 days427 days

Compare to QNST, TREE, SOFI, EVER, RKT

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.

EventNRDSS&P 500
2025 US Tariff Shock
  % Loss-44.2%-18.8%
  % Gain to Breakeven79.2%23.1%
  Time to Breakeven216 days79 days
2024 Yen Carry Trade Unwind
  % Loss-25.2%-7.8%
  % Gain to Breakeven33.6%8.5%
  Time to Breakeven84 days18 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-38.3%-9.5%
  % Gain to Breakeven62.1%10.5%
  Time to Breakeven5 days24 days
2023 SVB Regional Banking Crisis
  % Loss-41.0%-6.7%
  % Gain to Breakeven69.5%7.1%
  Time to Breakeven220 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-53.7%-24.5%
  % Gain to Breakeven116.1%32.4%
  Time to Breakeven280 days427 days

Compare to QNST, TREE, SOFI, EVER, RKT

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.

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.

AI Analysis | Feedback

  • 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).

AI Analysis | Feedback

  • Amazon.com, Inc. (AMZN)
  • Alphabet Inc. (GOOGL)
  • Meta Platforms, Inc. (META)

AI Analysis | Feedback

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)

  1. 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.
  2. 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.
  3. 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."

AI Analysis | Feedback

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.

AI Analysis | Feedback

## 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:

  1. 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.
  2. 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.
  3. 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.
  4. 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.

AI Analysis | Feedback

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.

Better Bets vs. Nerdwallet (NRDS)

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

NRDSQNSTTREESOFIEVERRKTMedian
NameNerdwall.QuinStre.LendingT.SoFi Tec.EverQuoteRocket C. 
Mkt Price8.5012.9538.4817.7120.4913.9215.82
Mkt Cap0.60.70.522.60.739.40.7
Rev LTM8501,1821,2053,9427177,8501,193
Op Inc LTM9220105-74-83
FCF LTM1239473-6,34596-2,07684
FCF 3Y Avg765055-4,25759-1,69452
CFO LTM14110885-6,079102-1,27493
CFO 3Y Avg986467-4,06463-1,08664

Growth & Margins

NRDSQNSTTREESOFIEVERRKTMedian
NameNerdwall.QuinStre.LendingT.SoFi Tec.EverQuoteRocket C. 
Rev Chg LTM15.6%14.7%23.9%40.9%24.5%71.4%24.2%
Rev Chg 3Y Avg14.0%31.7%15.6%32.1%35.0%31.6%31.6%
Rev Chg Q6.2%28.3%36.5%42.6%14.5%161.3%32.4%
QoQ Delta Rev Chg LTM1.6%6.9%7.8%9.1%3.5%25.6%7.4%
Op Inc Chg LTM1,332.8%2,198.3%108.1%-61.5%-720.4%
Op Inc Chg 3Y Avg504.8%739.9%127.0%-117.7%-315.9%
Op Mgn LTM10.8%1.7%8.7%-10.3%-9.5%
Op Mgn 3Y Avg4.3%-1.4%5.9%-3.1%-3.7%
QoQ Delta Op Mgn LTM3.0%0.4%1.4%-0.7%-1.1%
CFO/Rev LTM16.5%9.1%7.0%-154.2%14.2%-16.2%8.1%
CFO/Rev 3Y Avg13.4%6.2%7.4%-137.4%10.4%-20.4%6.8%
FCF/Rev LTM14.5%8.0%6.1%-161.0%13.4%-26.4%7.0%
FCF/Rev 3Y Avg10.2%4.3%6.0%-143.8%9.5%-31.3%5.2%

Valuation

NRDSQNSTTREESOFIEVERRKTMedian
NameNerdwall.QuinStre.LendingT.SoFi Tec.EverQuoteRocket C. 
Mkt Cap0.60.70.522.60.739.40.7
P/S0.70.60.45.71.05.00.9
P/Op Inc6.336.75.1-9.9-8.1
P/EBIT6.136.54.4-9.9-8.0
P/E8.411.32.939.26.7164.59.9
P/CFO4.16.96.3-3.77.2-30.95.2
Total Yield11.9%8.8%34.0%2.6%14.9%0.6%10.4%
Dividend Yield0.0%0.0%0.0%0.0%0.0%0.0%0.0%
FCF Yield 3Y Avg10.0%6.4%9.1%-36.2%8.7%-54.5%7.6%
D/E0.00.10.80.10.00.70.1
Net D/E-0.1-0.00.7-0.2-0.20.6-0.1

Returns

NRDSQNSTTREESOFIEVERRKTMedian
NameNerdwall.QuinStre.LendingT.SoFi Tec.EverQuoteRocket C. 
1M Rtn9.4%14.8%7.7%13.5%17.2%4.3%11.4%
3M Rtn-16.3%6.6%-6.9%2.0%28.6%-6.2%-2.1%
6M Rtn-39.2%-11.4%-25.2%-33.4%-24.8%-23.6%-25.0%
12M Rtn-22.1%-14.5%8.9%18.9%-15.8%1.4%-6.6%
3Y Rtn-20.3%54.0%77.9%105.9%183.8%60.1%69.0%
1M Excs Rtn8.0%13.4%6.3%12.1%15.8%2.9%10.0%
3M Excs Rtn-28.2%-5.3%-18.7%-9.9%16.8%-18.0%-14.0%
6M Excs Rtn-51.2%-20.7%-38.8%-45.1%-36.2%-35.6%-37.5%
12M Excs Rtn-48.1%-39.9%-13.0%0.0%-42.6%-24.5%-32.2%
3Y Excs Rtn-90.3%-35.2%3.8%41.8%83.3%-10.4%-3.3%

Comparison Analyses

null

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Insurance28119245  
Emerging verticals189125142128 
Credit cards133176210210124
Loans13384102109126
Small and mid-sized businesses (SMB) products10011010191 
Other verticals    129
Total837688599539380


Price Behavior

Price Behavior
Market Price$8.50 
Market Cap ($ Bil)0.6 
First Trading Date11/04/2021 
Distance from 52W High-46.6% 
   50 Days200 Days
DMA Price$9.41$11.32
DMA Trenddowndown
Distance from DMA-9.7%-24.9%
 3M1YR
Volatility47.5%48.6%
Downside Capture96.67155.07
Upside Capture-2.5183.43
Correlation (SPY)15.7%27.1%
NRDS Betas & Captures as of 5/31/2026

 1M2M3M6M1Y3Y
Beta-0.020.540.570.891.161.32
Up Beta1.970.950.971.061.231.10
Down Beta-1.48-1.770.100.470.791.39
Up Capture-181%-31%-5%13%87%212%
Bmk +ve Days13283667141432
Stock +ve Days10223562129369
Down Capture244%246%125%169%141%111%
Bmk -ve Days7132757109318
Stock -ve Days9182761118367

[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%0.5333.1%
Equity (SPY)27.2%12.4%1.6626.9%
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%0.6927.0%
Bitcoin (BTCUSD)-37.7%42.4%-1.0022.5%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
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%0.3233.3%
Equity (SPY)13.8%17.1%0.6333.1%
Gold (GLD)17.6%18.2%0.78-2.4%
Commodities (DBC)7.8%19.4%0.302.2%
Real Estate (VNQ)2.5%18.8%0.0426.1%
Bitcoin (BTCUSD)12.1%54.2%0.4216.5%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
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%0.4833.3%
Equity (SPY)15.4%18.0%0.7333.1%
Gold (GLD)12.8%16.1%0.66-2.4%
Commodities (DBC)6.2%18.0%0.272.2%
Real Estate (VNQ)5.6%20.7%0.2326.1%
Bitcoin (BTCUSD)60.7%66.8%1.0016.5%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date5292026
Short Interest: Shares Quantity3.7 Mil
Short Interest: % Change Since 5152026-6.0%
Average Daily Volume0.9 Mil
Days-to-Cover Short Interest4.0 days
Basic Shares Quantity68.2 Mil
Short % of Basic Shares5.4%

Earnings Returns History

Updated 6/9/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/6/2026-12.8%-30.4%-28.8%
2/25/20267.3%8.2%2.0%
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%
...
SUMMARY STATS   
# Positive9812
# Negative9106
Median Positive26.1%31.9%16.6%
Median Negative-12.8%-19.8%-19.3%
Max Positive40.7%67.3%74.7%
Max Negative-22.4%-33.3%-35.6%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/6/2026-12.8%-30.4%-28.8%
2/25/20267.3%8.2%2.0%
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%
10/26/202340.7%67.3%74.7%
8/2/2023-8.1%-12.6%-15.3%
5/2/2023-22.4%-33.3%-23.4%
2/14/202326.1%34.5%17.7%
11/2/202237.4%29.3%29.1%
8/5/20227.0%11.9%10.7%
5/3/2022-2.6%-27.9%15.4%
2/24/20225.2%-9.3%8.6%
SUMMARY STATS   
# Positive9812
# Negative9106
Median Positive26.1%31.9%16.6%
Median Negative-12.8%-19.8%-19.3%
Max Positive40.7%67.3%74.7%
Max Negative-22.4%-33.3%-35.6%

SEC Filings

Expand for More
Report DateFiling DateFiling
03/31/202605/06/202610-Q
12/31/202502/25/202610-K
09/30/202511/06/202510-Q
06/30/202508/07/202510-Q
03/31/202505/06/202510-Q
12/31/202402/19/202510-K
09/30/202410/29/202410-Q
06/30/202407/31/202410-Q
03/31/202404/25/202410-Q
12/31/202302/20/202410-K
09/30/202310/26/202310-Q
06/30/202308/02/202310-Q
03/31/202305/02/202310-Q
12/31/202202/23/202310-K
09/30/202211/02/202210-Q
06/30/202208/05/202210-Q
Collapse to Preview
Report DateFiling DateFiling
03/31/202605/06/202610-Q
12/31/202502/25/202610-K
09/30/202511/06/202510-Q
06/30/202508/07/202510-Q
03/31/202505/06/202510-Q
12/31/202402/19/202510-K
09/30/202410/29/202410-Q
06/30/202407/31/202410-Q
03/31/202404/25/202410-Q
12/31/202302/20/202410-K
09/30/202310/26/202310-Q
06/30/202308/02/202310-Q
03/31/202305/02/202310-Q
12/31/202202/23/202310-K
09/30/202211/02/202210-Q
06/30/202208/05/202210-Q
03/31/202205/03/202210-Q
12/31/202103/24/202210-K
09/30/202111/05/2021424B4

Recent Forward Guidance

Updated 6/1/2026

Latest: Q1 2026 Earnings Reported 5/6/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q2 2026 Revenue186.00 Mil194.00 Mil202.00 Mil   
Q2 2026 GAAP Operating Income1.00 Mil5.00 Mil9.00 Mil   
Q2 2026 Non-GAAP Operating Income6.00 Mil10.00 Mil14.00 Mil   
Q2 2026 Adjusted EBITDA19.00 Mil23.00 Mil27.00 Mil   
2026 GAAP Operating Income65.00 Mil77.50 Mil90.00 Mil-3.7% LoweredGuidance: 80.50 Mil for 2026
2026 Non-GAAP Operating Income85.00 Mil97.50 Mil110.00 Mil-4.9% LoweredGuidance: 102.50 Mil for 2026
2026 Adjusted EBITDA132.00 Mil144.50 Mil157.00 Mil-4.0% LoweredGuidance: 150.50 Mil for 2026

Prior: Q4 2025 Earnings Reported 2/25/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q1 2026 Revenue224.00 Mil228.00 Mil232.00 Mil8.1% Higher NewGuidance: 211.00 Mil for Q4 2025
Q1 2026 GAAP Operating Income22.00 Mil24.50 Mil27.00 Mil63.3% Higher NewGuidance: 15.00 Mil for Q4 2025
Q1 2026 Non-GAAP Operating Income28.00 Mil30.00 Mil32.00 Mil36.4% Higher NewGuidance: 22.00 Mil for Q4 2025
Q1 2026 Adjusted EBITDA40.00 Mil42.00 Mil44.00 Mil20.0% Higher NewGuidance: 35.00 Mil for Q4 2025
2026 GAAP Operating Income72.00 Mil80.50 Mil89.00 Mil32.0% Higher NewGuidance: 61.00 Mil for 2025
2026 Non-GAAP Operating Income95.00 Mil102.50 Mil110.00 Mil10.2% Higher NewGuidance: 93.00 Mil for 2025
2026 Adjusted EBITDA143.00 Mil150.50 Mil158.00 Mil5.2% Higher NewGuidance: 143.00 Mil for 2025

Insider Activity

Updated 5/26/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Yount, SamuelChief Business OfficerTrustsSell319202610.3147,710491,9833,174,892Form
2Yount, SamuelChief Business OfficerLLCSell319202610.3324,278250,7921,797,141Form
3Yount, SamuelChief Business OfficerTrustsSell316202610.602112,2373,769,307Form
4Yount, SamuelChief Business OfficerLLCSell316202610.612,80029,7082,103,443Form
5Tatum, NicholasChief Accounting OfficerDirectSell306202611.4510,151116,229540,463Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Yount, SamuelChief Business OfficerTrustsSell319202610.3147,710491,9833,174,892Form
2Yount, SamuelChief Business OfficerLLCSell319202610.3324,278250,7921,797,141Form
3Yount, SamuelChief Business OfficerTrustsSell316202610.602112,2373,769,307Form
4Yount, SamuelChief Business OfficerLLCSell316202610.612,80029,7082,103,443Form
5Tatum, NicholasChief Accounting OfficerDirectSell306202611.4510,151116,229540,463Form
6Tatum, NicholasChief Accounting OfficerDirectSell306202611.4589310,225663,505Form
7Tatum, NicholasChief Accounting OfficerDirectSell1205202515.935969,4941,001,328Form
8Yount, SamuelChief Business OfficerTrustsSell1204202516.0415,945255,7425,743,823Form
9Yount, SamuelChief Business OfficerTrustsSell1201202515.0710,000150,7005,637,099Form
10Yount, SamuelChief Business OfficerTrustsSell1126202514.285,04071,9715,484,391Form
11Yount, SamuelChief Business OfficerTrustsSell1118202514.255217,4245,544,689Form
12Yount, SamuelChief Business OfficerTrustsSell1113202514.3412,129173,9305,587,179Form
13Tatum, NicholasChief Accounting OfficerDirectSell1006202510.764,27245,967731,895Form
Core Cache Last Updated: 6/16/2026