NerdWallet, Inc. (NRDS) Balance Sheet
NRDS balance sheet, 2025
December 31, 2025 · U.S. dollars$461.1M assets = $86.6M liabilities + $374.5M equity
Both columns are drawn to the same scale: what NRDS owns equals what it owes plus shareholders’ equity. Hover a block for its value.
NRDS financial health
Descriptive bands, not a rating. Fiscal 2025.
NRDS balance sheet trends, 2019–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $144.6M2019 | $461.1M2025 | +21.3%/yr | |
| Total liabilities | $136.6M2019 | $86.6M2025 | −7.3%/yr | |
| Shareholders’ equity | $8.0M2019 | $374.5M2025 | +89.8%/yr | |
| Cash & short-term investments | $67.6M2019 | $98.3M2025 | +6.4%/yr | |
| Total debt | $49.4M2019 | $8.9M2024 | −29.0%/yr | |
| Net cash (debt) | $18.2M2019 | $59.6M2024 | +$41.4M | |
| Working capital | $81.0M2019 | $173.8M2025 | +$92.8M | |
| Book value per share | $0.122019 | $4.932025 | +85.4%/yr | |
| Current ratio | 4.012019 | 3.452025 | −0.56 | |
| Debt / equity | 6.172019 | 0.022024 | −6.15 | |
| Shares outstanding | 65.8M2019 | 75.9M2025 | +2.4%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
NRDS assets
NRDS liabilities and equity
NRDS debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
NRDS balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Cash & short-term investments | $98.3M | $68.5M | $102.5M | $85.9M | $169.8M | $85.4M | $67.6M |
| Cash & equivalents | $98.3M | $66.3M | $100.4M | $83.9M | $167.8M | $83.4M | $67.6M |
| Short-term investments | $2.3M | $2.2M | $2.1M | $2.0M | $2.0M | $2.0M | $0 |
| Receivables | $111.0M | $109.0M | $81.0M | $92.8M | $60.6M | $38.7M | $37.3M |
| Inventory | $0 | $0 | $0 | $1 | $1 | $5.2M | $2.8M |
| Other current assets | $35.4M | $19.2M | $14.9M | $10.5M | $12.4M | $100,000 | $200,000 |
| Total current assets | $244.7M | $196.7M | $198.4M | $189.2M | $242.8M | $129.4M | $107.9M |
| Property, plant & equipment (net) | $38.9M | $48.3M | $59.8M | $60.4M | $48.8M | $41.7M | $34.1M |
| Goodwill & intangible assets | $145.0M | $145.7M | $158.4M | $175.3M | $71.4M | $79.4M | $300,000 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $32.5M | $46.9M | $2.0M | $800,000 | $1.1M | $4.7M | $2.3M |
| Total assets | $461.1M | $437.6M | $418.6M | $425.7M | $364.1M | $255.2M | $144.6M |
| Liabilities | |||||||
| Accounts payable | $5.4M | $8.9M | $1.7M | $3.6M | $3.2M | $5.4M | $1.8M |
| Short-term debt | — | $4.8M | $3.4M | $3.1M | $2.4M | $7.4M | $12.1M |
| Deferred revenue | — | $33.7M | $25.3M | $26.1M | $22.1M | $8.1M | $10.5M |
| Total current liabilities | $70.9M | $60.1M | $37.3M | $72.4M | $65.8M | $24.0M | $26.9M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $30.3M | $30.7M |
| Lease obligations | $8.0M | $6.4M | $9.6M | $12.7M | $15.1M | $14.8M | $13.7M |
| Other long-term liabilities | $15.7M | $13.3M | $14.4M | $11.6M | $40.7M | $118.2M | $79.0M |
| Total liabilities | $86.6M | $73.4M | $51.7M | $84.0M | $106.5M | $172.5M | $136.6M |
| Shareholders' equity | |||||||
| Common stock & paid-in capital | — | — | — | — | −$364.1M | — | — |
| Retained earnings (deficit) | −$188.1M | −$166.5M | −$116.5M | −$84.7M | −$74.5M | −$17.7M | −$20.2M |
| Accumulated other comprehensive income | $100,000 | −$200,000 | −$300,000 | −$900,000 | $500,000 | $600,000 | $0 |
| Total shareholders' equity | $374.5M | $364.2M | $366.9M | $341.7M | $257.6M | $82.7M | $8.0M |
| Key figures | |||||||
| Total debt | — | $8.9M | $9.6M | $12.7M | $15.1M | $45.1M | $49.4M |
| Net cash (debt) | — | $59.6M | $92.9M | $73.2M | $154.7M | $40.3M | $18.2M |
| Working capital | $173.8M | $136.6M | $161.1M | $116.8M | $177.0M | $105.4M | $81.0M |
| Tangible book value | $229.5M | $218.5M | $208.5M | $166.4M | $186.2M | $3.3M | $7.7M |
| Book value per share | $4.93 | $4.62 | $4.78 | $4.84 | $3.84 | $1.26 | $0.12 |
| Shares outstanding | 75.9M | 78.9M | 76.7M | 70.6M | 67.1M | 65.8M | 65.8M |
| Current ratio | 3.45 | 3.27 | 5.32 | 2.61 | 3.69 | 5.39 | 4.01 |
| Quick ratio | 2.95 | 2.95 | 4.92 | 2.47 | 3.50 | 5.17 | 3.90 |
| Debt / equity | — | 0.02 | 0.03 | 0.04 | 0.06 | 0.55 | 6.17 |
| Equity / assets | 81.2% | 83.2% | 87.6% | 80.3% | 70.7% | 32.4% | 5.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $62.0M | $56.3M | $100.6M | $120.6M | $105.3M | $92.2M | $68.5M | $71.7M | $113.8M | $110.9M | $102.5M | $86.6M |
| Cash & equivalents | $62.0M | $56.3M | $98.3M | $120.6M | $105.3M | $92.2M | $66.3M | $71.7M | $111.7M | $110.9M | $100.4M | $86.6M |
| Short-term investments | — | — | $2.3M | — | $2.2M | $2.2M | $2.2M | — | $2.1M | $2.1M | $2.1M | — |
| Receivables | $113.6M | $113.1M | $111.0M | $121.9M | $97.8M | $120.3M | $109.0M | $102.8M | $100.2M | $93.9M | $81.0M | $84.4M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1 | $0 | $0 |
| Other current assets | $25.7M | $37.0M | $33.1M | $32.6M | $35.6M | $29.4M | $19.2M | $19.2M | $16.0M | $19.4M | $14.9M | $23.8M |
| Total current assets | $201.3M | $206.4M | $244.7M | $275.1M | $238.7M | $241.9M | $196.7M | $193.7M | $230.0M | $224.2M | $198.4M | $194.8M |
| Property, plant & equipment (net) | $35.4M | $37.4M | $38.9M | $40.3M | $43.0M | $43.8M | $48.3M | $50.7M | $54.9M | $57.1M | $59.8M | $62.0M |
| Goodwill & intangible assets | $155.4M | $159.1M | $145.0M | $140.5M | $144.4M | $142.4M | $145.7M | $148.5M | $151.5M | $155.0M | $158.4M | $161.8M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $25.9M | $29.1M | $32.5M | $36.9M | $49.9M | $46.9M | $46.9M | $9.5M | $9.8M | $9.8M | $2.0M | $2.2M |
| Total assets | $418.0M | $432.0M | $461.1M | $492.8M | $476.0M | $475.0M | $437.6M | $402.4M | $446.2M | $446.1M | $418.6M | $420.8M |
| Liabilities | ||||||||||||
| Accounts payable | $12.7M | $6.6M | $5.4M | $13.6M | $11.8M | $24.3M | $8.9M | $12.4M | $10.1M | $15.3M | $1.7M | $13.1M |
| Short-term debt | $7.1M | — | $8.8M | — | $13.0M | $8.5M | $4.8M | $2.8M | $3.4M | $3.4M | $3.4M | $3.3M |
| Deferred revenue | — | — | $46.9M | — | — | — | $33.7M | −$2.8M | — | −$3.4M | $25.3M | −$3.3M |
| Total current liabilities | $76.9M | $80.3M | $70.9M | $74.4M | $69.3M | $90.4M | $60.1M | $66.5M | $53.9M | $53.8M | $37.3M | $45.0M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | — | — | $8.0M | — | — | — | $6.4M | — | — | — | $9.6M | — |
| Other long-term liabilities | $15.3M | $15.5M | $15.7M | $16.0M | $16.7M | $13.0M | $13.3M | $13.5M | $12.9M | $13.6M | $14.4M | $11.6M |
| Total liabilities | $92.2M | $95.8M | $86.6M | $90.4M | $86.0M | $103.4M | $73.4M | $80.0M | $66.8M | $67.4M | $51.7M | $56.6M |
| Shareholders' equity | ||||||||||||
| Retained earnings (deficit) | −$252.6M | −$233.9M | −$188.1M | −$151.0M | −$158.1M | −$166.3M | −$166.5M | −$196.9M | −$125.9M | −$115.4M | −$116.5M | −$106.3M |
| Accumulated other comprehensive income | −$200,000 | −$100,000 | $100,000 | −$100,000 | $200,000 | $0 | −$200,000 | $0 | −$300,000 | −$400,000 | −$300,000 | −$700,000 |
| Total shareholders' equity | $325.8M | $336.2M | $374.5M | $402.4M | $390.0M | $371.6M | $364.2M | $322.4M | $379.4M | $378.7M | $366.9M | $364.2M |
| Key figures | ||||||||||||
| Total debt | $5.1M | — | $14.9M | — | $20.1M | $12.3M | $8.9M | $6.9M | $7.8M | $8.6M | $9.6M | $10.4M |
| Net cash (debt) | $56.9M | — | $85.7M | — | $85.2M | $79.9M | $59.6M | $64.8M | $106.0M | $102.3M | $92.9M | $76.2M |
| Working capital | $124.4M | $126.1M | $173.8M | $200.7M | $169.4M | $151.5M | $136.6M | $127.2M | $176.1M | $170.4M | $161.1M | $149.8M |
| Tangible book value | $170.4M | $177.1M | $229.5M | $261.9M | $245.6M | $229.2M | $218.5M | $173.9M | $227.9M | $223.7M | $208.5M | $202.4M |
| Book value per share | $4.95 | $4.84 | $5.05 | $5.23 | $5.09 | $4.88 | $4.82 | $4.07 | $4.87 | $4.70 | $4.80 | $4.70 |
| Shares outstanding | 65.8M | 69.5M | 74.1M | 76.9M | 76.6M | 76.1M | 75.6M | 79.3M | 77.9M | 80.5M | 76.5M | 77.5M |
| Current ratio | 2.62 | 2.57 | 3.45 | 3.70 | 3.44 | 2.68 | 3.27 | 2.91 | 4.27 | 4.17 | 5.32 | 4.33 |
| Quick ratio | 2.28 | 2.11 | 2.98 | 3.26 | 2.93 | 2.35 | 2.95 | 2.62 | 3.97 | 3.81 | 4.92 | 3.80 |
| Debt / equity | 0.02 | — | 0.04 | — | 0.05 | 0.03 | 0.02 | 0.02 | 0.02 | 0.02 | 0.03 | 0.03 |
| Equity / assets | 77.9% | 77.8% | 81.2% | 81.7% | 81.9% | 78.2% | 83.2% | 80.1% | 85.0% | 84.9% | 87.6% | 86.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 25, 2026); data from EODHD.
NRDS financial position
At the end of fiscal 2025 (December 31, 2025), NerdWallet had total assets of $461.1 million (up 5.4% from a year earlier), total liabilities of $86.6 million and shareholders' equity of $374.5 million. Its current ratio was 3.45. In the latest quarter (ended June 30, 2026) total assets were $418.0 million and equity $325.8 million.
Related: NRDS income statement, NRDS cash flow statement, NRDS key metrics. See the NRDS stock overview for the latest quote and news.
NRDS balance sheet FAQ
What are NerdWallet's total assets?
NerdWallet reported total assets of $461.1 million at the end of fiscal 2025 (December 31, 2025), compared with $437.6 million a year earlier.
How much cash does NerdWallet have?
NerdWallet held $98.3 million in cash and short-term investments at the end of fiscal 2025.
What is NerdWallet's book value?
NerdWallet's shareholders' equity (book value) was $374.5 million at the end of fiscal 2025, or $4.93 per share.
What is NerdWallet's current ratio?
NerdWallet had current assets of $244.7 million and current liabilities of $70.9 million, a current ratio of 3.45 (it can cover its short-term obligations).
How much goodwill does NerdWallet have?
NerdWallet carried $145.0 million of goodwill and intangible assets, 31.4% of total assets, at the end of fiscal 2025.