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NerdWallet, Inc.

Rank #2HypergrowthWatchlistCompare with other stocks

NRDS · Nasdaq · Communication Services

NerdWallet, Inc. (NRDS) — Rank #2 by gross profitability (GP/assets 1.85) · ROE 14.9% · Piotroski F-Score N/A.

As-of 2026-10-30 · CIK 0001625278 · all metrics point-in-time as of the filing date.

About

NerdWallet, Inc. operates a digital platform that provides financial guidance to consumers and small and mid-sized businesses (SMB) in the United States, the United Kingdom, Australia, and Canada.

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It offers editorial and content publishing, a consumer and SMB financial education, tools, calculators, guides, and research published under the NerdWallet brand; Marketplace And Referral Services, a tool that enable users to compare, pre-qualify for, or connect with third-party providers of credit cards, consumer loans, small business loans, insurance, mortgages, financial services, and related products, as well as services including fundera, nerdwallet insurance services, nerdwallet advisory, and nerdwallet compare; and Financial Services, a brokerage and advisory services provided by insurance agency, loan and mortgage brokerages, and investment advisory subsidiaries. Additionally, the company provides finance and refinance facilities to students for education. NerdWallet, Inc.

was founded in 2009 and is based in San Mateo, California.

Industry
Internet Content & Information
Sector
Communication Services
State
DE
Filer Category
Accelerated filerEmerging growth company
Fiscal Year End
December 31

Company Snapshot

P/S is the primary valuation lens — earnings are reinvested, not available for P/E.

Market Cap

—

P/E (annual)

—

P/S (annual)

—

P/B

—

P/OCF (annual)

—

Shareholder Yield

—

Employees

650

Industry

Internet Content & Information

Exchange

Nasdaq

10/11

Flags passed

NRDS passes 10/11 quality flags

1 caution to review

  • CAUTION
    Disclosure regression

    A previously-disclosed line item is no longer reported — worth checking the filing for why

  • PASS
    Gross margin holding
  • PASS
    Dilution within 2%
  • PASS
    FCF not negative from investment
  • PASS
    Revenue not declining
  • PASS
    Operating margin holding
  • PASS
    Free cash flow intact
  • PASS
    Passes safety gate
  • PASS
    No competitive retreat
  • PASS
    SBC not compressing margin
  • PASS
    No valuation convergence

Strengths Revenue growth accelerating · Operating leverage expanding · Sequential beat (rev + EPS)

No data Balance sheet — not counted as a pass.

A count of the 12 warning flags that could be evaluated. Unweighted: colour follows the worst flag.

Quality Profile

Profitability

1/1 pass
GP / assets
1.85
Return on equity
14.9%
Gross margin trend
PASS

Safety

1/1 pass
Balance-sheet safety
PASS
Debt / equity
0.28
Current ratio
2.62×
Net cash
$62.00M

Cash Flow

3/3 pass
Positive FCF
PASS
Cash-backed earnings
PASS
Accruals healthy
PASS
SBC / revenue
3.4%

Growth

2/2 pass
Revenue growth
21.7%
Piotroski F-Score
N/A
Share dilution
-3.8%

Revenue growth and the path to profitability (margin trend) are the primary reads at this stage.

Profitability

Does it make money well?

No warning flags · GP/assets 1.85

Gross profitability (GP / assets)

1.85

Primary signal (Novy-Marx).

1st of 14 SIC 7374 peers

Return on equity

14.9%

Gross margin

92.4%

2nd of 14 SIC 7374 peers

Revenue growth (YoY)

21.7%

Gross margin improving

Margin trend vs prior year.

PASS

Operating Leverage

2022202320242025
Revenue vs COGS
Revenue vs OpEx
Op. Income vs Revenue

Growth

Revenue CAGR (3Y)

15.8%

Revenue CAGR (5Y)

27.8%

Earnings CAGR (3Y)

—

FCF CAGR (3Y)

85.5%

Cash Flow Health

Is the cash real?

No warning flags · FCF 168% above net income

Free cash flow

$130.30M

Operating cash flow minus capex.

Positive free cash flow

PASS

FCF vs net income

167.6%

(FCF − net income) ÷ |net income|. Positive: cash above earnings. Negative: below.

FCF not below net income

Fails when free cash flow is below net income (yellow flag).

PASS

Accruals healthy

Cash-backed earnings.

PASS

SBC / revenue

3.4%

Stock-based comp intensity.

Balance Sheet Strength

Can it survive a storm?

No warning flags · net cash $62.00M

Balance-sheet safety

Composite anti-fragile check.

PASS

Debt / equity

0.28

3rd of 12 SIC 7374 peers (best = lowest)

Current ratio

2.62×

4th of 14 SIC 7374 peers

Quick ratio

2.28×

Net cash

$62.00M

Cash & equivalents minus total debt.

Piotroski F-Score

N/A

Only 8/9 components determinable.

Valuation

Is the price reasonable?

No warning flags

Capital allocation quality

Composite score

4.0 / 5

Strong
Share count trend(net buybacks)
-3.8%4/5 Strong
Buyback timing
N/AN/A
Dividend growth consistency(non-payer or broken streak)
0 yr3/5 Good
Net debt trajectory(deleveraging)
6.9%5/5 Strong

Lifecycle Phase History

20202025
Hypergrowth
Startup
Op. Leverage

Price History

NRDS-68.0% · -20.9% CAGRSPY+74.4% · +12.1% CAGR

View full financial statements →

Source filings on SEC EDGAR: 10-K annual reports · 10-Q quarterly reports