NerdWallet, Inc. (NRDS) Income Statement
NRDS 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsNRDS revenue and net income
Where NRDS's revenue goes
2025Each bar shows an amount and its share of revenue. NRDS kept 5.8% of revenue as net income.
NRDS profit margins
NRDS growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +21.7% | +15.8% | +27.8% | — |
| Gross profit | +23.8% | +15.7% | +28.1% | — |
| Operating income | +640.4% | — | +105.5% | — |
| Net income | +60.2% | — | +55.8% | — |
| EPS (diluted) | +28.6% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
NRDS quarterly EPS vs estimates
NerdWallet beat the analyst EPS estimate in 4 of the last 8 quarters. Next report: November 5, 2026 (estimate $0.35).
NRDS income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | $836.6M | $687.6M | $599.4M | $538.9M | $379.6M | $245.3M | $228.3M |
| Cost of revenue | $63.7M | $63.5M | $54.0M | $39.8M | $28.5M | $21.3M | $16.1M |
| Gross profit | $772.9M | $624.1M | $545.4M | $499.1M | $351.1M | $224.0M | $212.2M |
| Research & development | $66.7M | $82.5M | $80.5M | $77.6M | $62.2M | $50.9M | $46.0M |
| Sales, general & admin | $641.0M | $532.2M | $461.3M | $433.8M | $309.8M | $172.0M | $137.8M |
| Total operating expenses | $703.3M | $614.7M | $541.8M | $518.1M | $390.1M | $222.1M | $183.8M |
| Operating income | $69.6M | $9.4M | $3.6M | −$19.0M | −$39.0M | $1.9M | $28.4M |
| Interest income | $3.2M | $4.8M | $3.6M | $1.5M | $100,000 | $200,000 | $1.1M |
| Interest expense | $600,000 | $700,000 | $800,000 | $2.5M | $1.3M | $1.1M | $1.1M |
| Income before taxes | $68.2M | $5.0M | $6.3M | −$20.0M | −$37.7M | $900,000 | $27.9M |
| Income taxes | $19.5M | −$25.4M | $18.1M | −$9.8M | $4.8M | −$4.4M | $3.7M |
| Net income | $48.7M | $30.4M | −$11.8M | −$10.2M | −$42.5M | $5.3M | $24.2M |
| EBITDA | $116.0M | $54.1M | $55.3M | $19.5M | −$1.4M | $17.1M | $38.4M |
| EPS (diluted) | $0.63 | $0.49 | −$0.08 | −$0.04 | −$0.64 | −$0.13 | $0.12 |
| Gross margin | 92.4% | 90.8% | 91.0% | 92.6% | 92.5% | 91.3% | 92.9% |
| Operating margin | 8.3% | 1.4% | 0.6% | −3.5% | −10.3% | 0.8% | 12.4% |
| Net margin | 5.8% | 4.4% | −2.0% | −1.9% | −11.2% | 2.2% | 10.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $197.3M | $222.2M | $225.4M | $215.1M | $186.9M | $209.2M | $183.8M | $191.3M | $150.6M | $161.9M | $133.7M | $152.8M |
| Cost of revenue | $13.4M | $13.6M | $13.6M | $15.3M | $16.6M | $18.2M | $16.7M | $17.7M | $14.9M | $14.2M | $13.8M | $13.3M |
| Gross profit | $183.9M | $208.6M | $211.8M | $199.8M | $170.3M | $191.0M | $167.1M | $173.6M | $135.7M | $147.7M | $119.9M | $139.5M |
| Research & development | $17.5M | $16.8M | $16.3M | $15.7M | $17.9M | $16.8M | $16.1M | $23.0M | $22.7M | $20.7M | $20.3M | $20.7M |
| Sales, general & admin | $159.4M | $164.6M | $176.1M | $149.7M | $141.7M | $173.5M | $142.3M | $144.0M | $122.6M | $123.3M | $95.0M | $114.8M |
| Total operating expenses | $176.9M | $180.1M | $192.4M | $165.4M | $159.6M | $190.3M | $158.4M | $167.0M | $145.3M | $144.0M | $115.3M | $135.5M |
| Operating income | $7.0M | $28.5M | $19.4M | $34.4M | $10.7M | $700,000 | $8.7M | $6.6M | −$9.6M | $3.7M | $4.6M | $4.0M |
| Interest income | $400,000 | $900,000 | $700,000 | $1.0M | $800,000 | $700,000 | $600,000 | $1.3M | $1.5M | $1.4M | $900,000 | $900,000 |
| Interest expense | $100,000 | $200,000 | $100,000 | $200,000 | $200,000 | $100,000 | $200,000 | $100,000 | $200,000 | $200,000 | $200,000 | $200,000 |
| Income before taxes | $7.3M | $28.0M | $19.9M | $35.5M | $11.5M | $1.3M | $700,000 | $7.8M | −$8.3M | $4.8M | $5.3M | $4.7M |
| Income taxes | $3.0M | $7.6M | $5.9M | $9.2M | $3.3M | $1.1M | −$37.9M | $7.7M | $1.1M | $3.7M | $7.6M | $5.2M |
| Net income | $4.3M | $20.4M | $14.0M | $26.3M | $8.2M | $200,000 | $38.6M | $100,000 | −$9.4M | $1.1M | −$2.3M | −$500,000 |
| EBITDA | $16.7M | $38.2M | $29.5M | $47.3M | $24.4M | $14.0M | $12.3M | $20.8M | $4.1M | $16.9M | $17.7M | $15.6M |
| EPS (diluted) | $0.07 | $0.31 | $0.15 | $0.35 | $0.11 | $0.02 | $0.54 | $0.04 | −$0.10 | $0.01 | −$0.01 | $0.01 |
| Gross margin | 93.2% | 93.9% | 94.0% | 92.9% | 91.1% | 91.3% | 90.9% | 90.7% | 90.1% | 91.2% | 89.7% | 91.3% |
| Operating margin | 3.5% | 12.8% | 8.6% | 16.0% | 5.7% | 0.3% | 4.7% | 3.5% | −6.4% | 2.3% | 3.4% | 2.6% |
| Net margin | 2.2% | 9.2% | 6.2% | 12.2% | 4.4% | 0.1% | 21.0% | 0.1% | −6.2% | 0.7% | −1.7% | −0.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in NRDS's financial statements (latest annual report filed February 25, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
NRDS financial results
In fiscal year 2025 (ended December 31, 2025), NerdWallet reported revenue of $836.6 million, up 21.7% from the year before. It had net income of $48.7 million (up 60.2%), a net profit margin of 5.8%. Diluted earnings per share came to $0.63. Over five years revenue grew at an average rate of 27.8% a year.
See the NRDS stock overview for the latest quote and news, or the NRDS chart for price history and technical indicators.
NRDS income statement FAQ
What is NerdWallet's annual revenue?
NerdWallet reported total revenue of $836.6 million for fiscal year 2025, which ended on December 31, 2025. That was up 21.7% from $687.6 million the previous year.
Is NerdWallet profitable?
Yes. NerdWallet reported net income of $48.7 million in fiscal 2025, a net profit margin of 5.8%; its operating margin was 8.3%.
What is NerdWallet's gross margin?
NerdWallet's gross margin was 92.4% in fiscal 2025: for every $100 of revenue, NerdWallet kept $92 after the direct cost of its products and services.
How much does NerdWallet spend on research and development?
NerdWallet spent $66.7 million on research and development in fiscal 2025, 8.0% of revenue.
How fast is NerdWallet growing?
Revenue grew 27.8% a year on average over the last five fiscal years, from $245.3 million to $836.6 million.
What are NerdWallet's earnings per share?
NerdWallet earned $0.63 per diluted share in fiscal 2025, compared with $0.49 a year earlier.
When will NerdWallet report its next earnings?
NerdWallet is expected to report results for the quarter ending September 30, 2026 on November 5, 2026 after the market closes.
When does NerdWallet's fiscal year end?
NerdWallet's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 25, 2026.