# NerdWallet, Inc. (NRDS)

> Source: Nexqual · https://nexqual.com/NRDS · data as of 2026-10-29 14:01 UTC · cite as "Nexqual, NerdWallet, Inc. (NRDS), nexqual.com/NRDS" · informational, not investment advice.

**Price:** USD 11.02 (+3.28% today) · US market open, as of October 29, 2026 at 14:01 UTC; quotes may be delayed. Prev close 10.67 · day 10.65–11.02 · 52w 7.33–16.24 · market cap $704M · NGM

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $860M, net income $65.0M (7.6% margin), free cash flow $163M (SEC filings).
- Valuation: P/E 10.8x (avg 27.8x at the last 2 fiscal year-ends).
- Insider open-market sales, last ~7 months: 2 Form 4 filings, $35.7M; 2 not under a Rule 10b5-1 plan ($35.7M); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Hold (mean 2.60 on a 1–5 scale) (5 analysts), mean target USD 11.5 (range 8–15).
- Total return with dividends: 1Y -5.2% vs S&P 500 +12.9%; 5Y -57.4% vs S&P 500 +78.8%.
- Next earnings: 2026-11-05, EPS estimate USD 0.36, revenue estimate $252M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $380M | $539M | $599M | $688M | $837M | $860M |
| Gross profit | $351M | $499M | $545M | $624M | $773M | — |
| Operating income | -$39.0M | -$19.0M | $3.6M | $9.4M | $65.2M | $88.0M |
| Net income | -$42.5M | -$10.2M | -$11.8M | $30.4M | $48.7M | $65.0M |
| EPS (diluted) | -$0.82 | -$0.14 | -$0.15 | $0.38 | $0.64 | — |
| Free cash flow | $4.9M | $20.4M | $71.4M | $71.2M | $130M | $163M |
| Gross margin | 92.5% | 92.6% | 91.0% | 90.8% | 92.4% | — |
| Operating margin | -10.3% | -3.5% | 0.6% | 1.4% | 7.8% | 10.2% |
| Net margin | -11.2% | -1.9% | -2.0% | 4.4% | 5.8% | 7.6% |
| Revenue growth | +54.7% | +42.0% | +11.2% | +14.7% | +21.7% | — |
| Cash + short-term investments | $168M | $83.9M | $100M | $66.3M | $98.3M | — |
| Total debt | $0K | — | — | — | — | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 10.8x · P/S 0.8x · P/FCF 4.3x · P/B 2.2x · FCF yield 23.20% · Earnings yield 9.23% · Buyback yield (TTM) 22.53%
P/E at fiscal year-ends: Dec 2025 21.1x, Dec 2024 34.5x.

## Insider sales (SEC Form 4, open-market, last ~7 months)
0 of 2 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-06-26…2026-06-30 | Topline Capital Management, Llc |  | 1,961,860 | $17.9M | 37.4% | No | Too little history (no open-market trades in 2023 or 2025) |
| 2026-06-26…2026-06-30 | Topline Capital Partners, Lp |  | 1,961,860 | $17.9M | 37.4% | No | Too little history (no open-market trades in 2023 or 2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus Hold (mean 2.60 on a 1–5 scale), 5 analysts; mean target USD 11.5 (low 8, high 15).

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-29) | 5Y (from 2021-11-01) |
|---|---|---|
| Total return | -5.2% | -57.4% |
| S&P 500 (SPY) | +12.9% | +78.8% |
| Per year | -5.2% | -15.7% |
| Volatility (annualized) | 48.3% | 65.8% |
| Max drawdown | -52.4% (Dec 2025→May 2026) | -73.6% (Nov 2021→Oct 2023) |

## Peers (Internet Content & Information)
UPWK (Upwork Inc.) USD 9.21 +2.28% · WBTN (WEBTOON Entertainment Inc.) USD 9.49 -0.32% · WB (Weibo Corporation) USD 6.2 +0.24% · OPRA (Opera Limited) USD 17.83 -4.35% · DJT (Trump Media & Technology Group ) USD 5.93 -0.67% · GENI (Genius Sports Limited) USD 6.47 +1.81%

## More
Full page: https://nexqual.com/NRDS · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in NRDS's own 10-K filed 2026-02-25 (https://www.sec.gov/Archives/edgar/data/1625278/000162527826000014/nrds-20251231.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Competitor | Alphabet (Google) (GOOGL) | "•Online search engines: Financial services providers spend advertising budgets with online search engines, primarily Google AdWords, as many consumers and SMBs turn to Google to answer their finance questions; and" |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.36 | $0.34 | +6.9% | $251.9M | 1 |
| Next quarter (ends 2026-12-31) | $0.31 | $0.33 | -5.4% | $241.5M | 1 |
| Current fiscal year (ends 2026-12-31) | $1.32 | $1.30 | +1.2% | $912.7M | 1 |
| Next fiscal year (ends 2027-12-31) | $2.26 | $2.06 | +9.7% | $967.7M | 1 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-11-05): ±18.0%; last 8 reports averaged ±17.9%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 22 | 89.1% | ±18.0% |
| 2026-12-18 | 50 | 64.9% | ±19.4% |
| 2027-03-19 | 141 | 62.1% | ±30.0% |
| 2027-06-17 | 231 | 59.9% | ±36.8% |

## Earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| Aug 6, 2026 | Quarter ended Jun 30, 2026 | $0.06 | $0.20 | Miss −70.0% | +9.1% |
| May 6, 2026 | Quarter ended Mar 31, 2026 | $0.31 | $0.42 | Miss −26.2% | -10.3% |
| Feb 25, 2026 | Quarter ended Dec 31, 2025 | $0.15 | $0.29 | Miss −48.3% | +15.8% |
| Nov 6, 2025 | Quarter ended Sep 30, 2025 | $0.35 | $0.32 | Beat +9.4% | +13.3% |
| Aug 7, 2025 | — | — | — | — | -17.1% |
| May 6, 2025 | — | — | — | — | +28.7% |
| Feb 19, 2025 | — | — | — | — | -18.6% |
| Oct 29, 2024 | — | — | — | — | +30.1% |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).

## Recent SEC filings (last 120 days)
| Filed | Form | What it says | Filing |
|---|---|---|---|
| 2026-08-06 | 10-Q | Quarterly report · period ended Jun 30, 2026 | https://www.sec.gov/Archives/edgar/data/1625278/000162527826000060/0001625278-26-000060-index.htm |
| 2026-08-06 | 8-K | Quarterly results; Regulation FD disclosure | https://www.sec.gov/Archives/edgar/data/1625278/000162527826000059/0001625278-26-000059-index.htm |
Source: SEC EDGAR. Quotes are the opening words of each item as filed.