NerdWallet, Inc. (NRDS)

NerdWallet Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	687.6	599.4	538.9	379.6	245.3
Revenue Growth (YoY)	14.71%	11.23%	41.97%	54.75%	7.45%
Cost of Revenue	63.5	54	39.8	28.5	21.3
Gross Profit	624.1	545.4	499.1	351.1	224
Selling, General & Admin	527.6	461.3	430.3	309.8	170.5
Research & Development	76.7	80.5	77.6	62.2	50.9
Operating Expenses	604.3	541.8	507.9	372	221.4
Operating Income	19.8	3.6	-8.8	-20.9	2.6
Interest Expense	-0.7	-0.8	-2.5	-1.3	-1.1
Interest & Investment Income	4.8	3.6	1.5	-	0.2
Currency Exchange Gain (Loss)	-0.4	-0.1	-	-	-
Other Non Operating Income (Expenses)	-	-	-	1.1	-0.1
EBT Excluding Unusual Items	23.5	6.3	-9.8	-21.1	1.6
Merger & Restructuring Charges	-9	-	-3.5	-	-1.5
Gain (Loss) on Sale of Investments	-8.1	-	-	-	-
Asset Writedown	-1.4	-	-	-	-
Other Unusual Items	-	-	-6.7	-16.6	0.8
Pretax Income	5	6.3	-20	-37.7	0.9
Income Tax Expense	-25.4	18.1	-9.8	4.8	-4.4
Net Income	30.4	-11.8	-10.2	-42.5	5.3
Net Income to Common	30.4	-11.8	-10.2	-42.5	5.3
Net Income Growth	-	-	-	-	-78.10%
Shares Outstanding (Basic)	77	77	71	52	44
Shares Outstanding (Diluted)	79	77	71	52	56
Shares Change (YoY)	2.87%	8.64%	36.03%	-7.81%	3.68%
EPS (Basic)	0.40	-0.15	-0.14	-0.82	0.12
EPS (Diluted)	0.38	-0.15	-0.14	-0.82	0.09
EPS Growth	-	-	-	-	-80.00%
Free Cash Flow	71.2	71.4	20.4	4.9	14.1
Free Cash Flow Per Share	0.90	0.93	0.29	0.09	0.25
Gross Margin	90.77%	90.99%	92.62%	92.49%	91.32%
Operating Margin	2.88%	0.60%	-1.63%	-5.51%	1.06%
Profit Margin	4.42%	-1.97%	-1.89%	-11.20%	2.16%
Free Cash Flow Margin	10.36%	11.91%	3.79%	1.29%	5.75%
EBITDA	35.4	22.9	6.1	-10.5	5.2
EBITDA Margin	5.15%	3.82%	1.13%	-2.77%	2.12%
D&A For EBITDA	15.6	19.3	14.9	10.4	2.6
EBIT	19.8	3.6	-8.8	-20.9	2.6
EBIT Margin	2.88%	0.60%	-1.63%	-5.51%	1.06%
Effective Tax Rate	-	287.30%	-	-	-
Advertising Expenses	370.3	294.7	278.9	197.3	106.8

Updated Feb 19, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q