NerdWallet Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019
Revenue	599.4	538.9	379.6	245.3	228.3
Revenue Growth (YoY)	11.23%	41.97%	54.75%	7.45%	-
Cost of Revenue	54	39.8	28.5	21.3	16.1
Gross Profit	545.4	499.1	351.1	224	212.2
Selling, General & Admin	461.3	433.8	309.8	172	137.8
Research & Development	80.5	77.6	62.2	50.9	46
Other Operating Expenses	0	6.7	18.1	-0.8	0
Operating Expenses	541.8	518.1	390.1	222.1	183.8
Operating Income	3.6	-19	-39	1.9	28.4
Interest Expense / Income	0.8	2.5	1.3	1.1	1.1
Other Expense / Income	-3.5	-1.5	-2.6	-0.1	-0.6
Pretax Income	6.3	-20	-37.7	0.9	27.9
Income Tax	18.1	-9.8	4.8	-4.4	3.7
Net Income	-11.8	-10.2	-42.5	5.3	24.2
Net Income Growth	-	-	-	-78.10%	-
Shares Outstanding (Basic)	77	71	52	44	42
Shares Outstanding (Diluted)	77	71	52	56	54
Shares Change	8.64%	36.03%	-7.82%	3.68%	-
EPS (Basic)	-0.15	-0.14	-0.82	0.12	0.57
EPS (Diluted)	-0.15	-0.14	-0.82	0.09	0.45
EPS Growth	-	-	-	-80.00%	-
Free Cash Flow	42.6	-7.2	-15.8	-3.3	16.6
Free Cash Flow Per Share	0.56	-0.10	-0.30	-0.07	0.39
Gross Margin	90.99%	92.61%	92.49%	91.32%	92.95%
Operating Margin	0.60%	-3.53%	-10.27%	0.77%	12.44%
Profit Margin	-1.97%	-1.89%	-11.20%	2.16%	10.60%
Free Cash Flow Margin	7.11%	-1.34%	-4.16%	-1.35%	7.27%
Effective Tax Rate	287.30%	-	-	-488.89%	13.26%
EBITDA	55.3	19.5	-9.3	17.1	38.4
EBITDA Margin	9.23%	3.62%	-2.45%	6.97%	16.82%
Depreciation & Amortization	48.2	37	27.1	15.1	9.4
EBIT	7.1	-17.5	-36.4	2	29
EBIT Margin	1.18%	-3.25%	-9.59%	0.82%	12.70%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).