NerdWallet Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	795	687.6	599.4	538.9	379.6	245.3
Revenue Growth (YoY)	24.71%	14.71%	11.23%	41.97%	54.75%	7.45%
Cost of Revenue	66.8	63.5	54	39.8	28.5	21.3
Gross Profit	728.2	624.1	545.4	499.1	351.1	224
Selling, General & Admin	605	529	459.9	430.3	309.8	170.5
Research & Development	66.3	76.7	80.5	77.6	62.2	50.9
Operating Expenses	671.3	605.7	540.4	507.9	372	221.4
Operating Income	56.9	18.4	5	-8.8	-20.9	2.6
Interest Expense	-0.7	-0.7	-0.8	-2.5	-1.3	-1.1
Interest & Investment Income	3.1	4.8	3.6	1.5	-	0.2
Currency Exchange Gain (Loss)	-0.4	-0.4	-0.1	-	-	-
Other Non Operating Income (Expenses)	0.6	-	-	-	1.1	-0.1
EBT Excluding Unusual Items	59.5	22.1	7.7	-9.8	-21.1	1.6
Merger & Restructuring Charges	-2.4	-9	-	-3.5	-	-1.5
Gain (Loss) on Sale of Investments	-8.1	-8.1	-	-	-	-
Asset Writedown	-	-	-1.4	-	-	-
Other Unusual Items	-	-	-	-6.7	-16.6	0.8
Pretax Income	49	5	6.3	-20	-37.7	0.9
Income Tax Expense	-24.3	-25.4	18.1	-9.8	4.8	-4.4
Net Income	73.3	30.4	-11.8	-10.2	-42.5	5.3
Net Income to Common	73.3	30.4	-11.8	-10.2	-42.5	5.3
Net Income Growth	-	-	-	-	-	-78.10%
Shares Outstanding (Basic)	75	77	77	71	52	44
Shares Outstanding (Diluted)	78	79	77	71	52	56
Shares Change (YoY)	1.10%	2.87%	8.64%	36.03%	-7.81%	3.68%
EPS (Basic)	0.98	0.40	-0.15	-0.14	-0.82	0.12
EPS (Diluted)	0.93	0.38	-0.15	-0.14	-0.82	0.09
EPS Growth	-	-	-	-	-	-80.00%
Free Cash Flow	101.4	71.2	71.4	20.4	4.9	14.1
Free Cash Flow Per Share	1.30	0.90	0.93	0.29	0.09	0.25
Gross Margin	91.60%	90.77%	90.99%	92.62%	92.49%	91.32%
Operating Margin	7.16%	2.68%	0.83%	-1.63%	-5.51%	1.06%
Profit Margin	9.22%	4.42%	-1.97%	-1.89%	-11.20%	2.16%
Free Cash Flow Margin	12.75%	10.36%	11.91%	3.79%	1.29%	5.75%
EBITDA	72.4	34	24.3	6.1	-10.5	5.2
EBITDA Margin	9.11%	4.95%	4.05%	1.13%	-2.77%	2.12%
D&A For EBITDA	15.5	15.6	19.3	14.9	10.4	2.6
EBIT	56.9	18.4	5	-8.8	-20.9	2.6
EBIT Margin	7.16%	2.68%	0.83%	-1.63%	-5.51%	1.06%
Effective Tax Rate	-	-	287.30%	-	-	-
Advertising Expenses	-	370.3	294.7	278.9	197.3	106.8

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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