Metrics
The numbers behind NerdWallet, Inc.: as-reported financial statements and company metrics for FY2021–FY2025, traced to the source filings, opened with the share-price history those statements have to justify. Every linked figure opens the exact page of the filing it was printed on, with the statement row highlighted. Amounts in US$ millions unless noted.
Reading notes: All figures are in US$ millions exactly as printed by NerdWallet - every Form 10-K and Form 10-Q in the corpus states '(in millions, except per share amounts)'. Each fiscal year in the five-year statement columns is cited to that year's own Form 10-K: FY2021 to the FY2021 10-K, FY2022 to the FY2022 10-K, and so on. Every cell in the income statement, balance sheet and cash flow statement for FY2021-FY2025 is page-verified. Revenue by product category uses NerdWallet's current cut (Insurance, Credit cards, SMB products, Loans, Emerging verticals). Insurance was first broken out in the FY2024 Form 10-K, which restates 2023 and 2022 on the same basis - so FY2022-FY2024 are cited to that filing. FY2021 predates the carve-out and is cited to the FY2023 Form 10-K, where Emerging verticals of 89.6 still includes insurance and no Insurance line exists. The FY2025 Form 10-K no longer prints the 'Change in fair value of contingent consideration related to earnouts' expense line (the earnouts ran off in 2022), so that row is blank for FY2025 rather than zero.
Share Price — Full Available History — 5 Years
The stock closed at $8.88 on Jul 24, 2026 — down 69% over the window shown (-21.8% a year), trading between $6.51 and $28.30. At that close the stock trades at 14× FY2025 diluted EPS as reported below.
Source: market price feed, weekly closes, sampled from 1,182 source observations, Nov 2021–Jul 2026. Price return only, excludes dividends.
Market capitalization $482mn.
Market cap = 54.3M shares outstanding × the Jul 24, 2026 close of $8.88. Market-derived, shown without filing links.
FY2025 at a Glance
Revenue (US$ millions)
Net income (US$ millions)
Diluted EPS
Source: FY2025 consolidated statements [1] [2] [3] [4]. Click any linked figure to open the filing page with the row highlighted.
Revenue by Product Category
| Revenue by Product Category | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Insurance | — | 34 | 45 | 192 | 281 |
| Credit cards | 124 | 210 | 210 | 176 | 133 |
| SMB products | 40 | 91 | 101 | 110 | 100 |
| Loans | 126 | 109 | 102 | 84 | 133 |
| Emerging verticals | 90 | 94 | 142 | 125 | 189 |
| Total revenue | 380 | 539 | 599 | 688 | 837 |
| Total revenue growth, derived | — | +42.0% | +11.2% | +14.7% | +21.7% |
Source: Note 2 - Revenue: disaggregation of revenue based on product category (Form 10-K). NerdWallet has a single reportable segment; product category is the company's own reported revenue cut. [5] [6] [7]. Click any linked figure to open the filing page with the row highlighted.
Income Statement
Source: Consolidated Statements of Operations, Form 10-K (each year cited to its own annual report) [1] [2] [3] [4]. Click any linked figure to open the filing page with the row highlighted.
Columns marked E are consensus analyst estimates from S&P Capital IQ (CapIQ), shown alongside reported results for direct comparison; they are not company guidance.
Estimate source: S&P Capital IQ (CapIQ) consensus, as of 2026-07-27. Estimate figures are S&P Capital IQ consensus (vendor data — no filing page links). EPS and net income use the normalized (adjusted) consensus where the street reports it. Line-item analyst models (segments, drivers, KPIs) are in the Visible Alpha tab.
Balance Sheet
Source: Consolidated Balance Sheets, Form 10-K (each year cited to its own annual report) [8] [9] [10] [11]. Click any linked figure to open the filing page with the row highlighted.
Cash Flow
Source: Consolidated Statements of Cash Flows, Form 10-K (each year cited to its own annual report) [12] [13] [14] [15]. Click any linked figure to open the filing page with the row highlighted.
Long-Term Record
| Fiscal year | Total revenue | Income (Loss) From Operations | Net Income (Loss) | Net Income (Loss) per Share - Diluted | Net cash provided by operating activities | Total stockholders' equity |
|---|---|---|---|---|---|---|
| FY2019 | 228 | 28 | 24 | 0.45 | 31 | 8 |
| FY2020 | 245 | 2 | 5 | 0.09 | 15 | 83 |
| FY2021 | 380 | (39) | (42) | (0.82) | 7 | 258 |
| FY2022 | 539 | (19) | (10) | (0.14) | 25 | 342 |
| FY2023 | 599 | 4 | (12) | (0.15) | 72 | 367 |
| FY2024 | 688 | 9 | 30 | 0.38 | 72 | 364 |
| FY2025 | 837 | 65 | 49 | 0.64 | 132 | 374 |
Source: consolidated statements across filings; older years from the standardized feed [12] [1] [8] [13]. Click any linked figure to open the filing page with the row highlighted.
Operating KPIs
| KPI | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Monthly Unique Users (MUUs), average for the year | 19,000,000 | 20,000,000 | 23,000,000 | — | — |
| Registered users at year end | 10,000,000 | 14,000,000 | 19,000,000 | 25,000,000 | — |
Source: company-reported operating metrics [16] [17] [18] [19]. Click any linked figure to open the filing page with the row highlighted.
Analyst Consensus
Mean target
Median target
High target
Low target
Street ratings: 4 strong buy, 1 hold, 1 strong sell. Consensus: Buy.
Estimate source: S&P Capital IQ (CapIQ) consensus, as of 2026-07-27. Estimate figures are S&P Capital IQ consensus (vendor data — no filing page links). EPS and net income use the normalized (adjusted) consensus where the street reports it. Line-item analyst models (segments, drivers, KPIs) are in the Visible Alpha tab.
Traceability
413 of 414 figures on this page (100%) link to the filing page where they are printed — click a linked figure to open the source PDF at that page with the row highlighted. Unlinked figures come from standardized data feeds or pre-filing years.
All figures are in US$ millions exactly as printed by NerdWallet - every Form 10-K and Form 10-Q in the corpus states '(in millions, except per share amounts)'.
Each fiscal year in the five-year statement columns is cited to that year's own Form 10-K: FY2021 to the FY2021 10-K, FY2022 to the FY2022 10-K, and so on. Every cell in the income statement, balance sheet and cash flow statement for FY2021-FY2025 is page-verified.
Revenue by product category uses NerdWallet's current cut (Insurance, Credit cards, SMB products, Loans, Emerging verticals). Insurance was first broken out in the FY2024 Form 10-K, which restates 2023 and 2022 on the same basis - so FY2022-FY2024 are cited to that filing. FY2021 predates the carve-out and is cited to the FY2023 Form 10-K, where Emerging verticals of 89.6 still includes insurance and no Insurance line exists.
The FY2025 Form 10-K no longer prints the 'Change in fair value of contingent consideration related to earnouts' expense line (the earnouts ran off in 2022), so that row is blank for FY2025 rather than zero.
FY2019 and FY2020 in the long-term record are comparative columns of the FY2021 Form 10-K (the company's first 10-K, filed after the November 2021 IPO) and are page-linked; FY2019 total stockholders' equity is the only long-term cell taken from the standardized data feed and is shown unlinked, because no balance sheet in the corpus prints December 31, 2019.
Monthly Unique Users and registered users are the operating metrics NerdWallet headlined in Item 1 of its Form 10-K. MUUs were last disclosed for 2023 and registered users for 2024; the FY2025 Form 10-K discloses neither, so those cells are blank. Both are as-disclosed round figures (the filings say 'over 10 million', 'over 19 million').
Quarterly income-statement and balance-sheet figures are printed columns of the Form 10-Qs, except the two Q4 columns and the Q4 balance sheets, which come from the Form 10-K. NerdWallet files no fourth-quarter 10-Q and the Q4 earnings 8-Ks in this corpus incorporate the press release by reference without reproducing the statements, so Q4 income-statement and cash-flow cells are derived as full-year less nine-month year-to-date; each reconciles exactly in display units and each derived cell is marked.
Derived single-quarter cash flows were cross-checked against data/financials/cash_flow_quarterly.json and agree exactly for every quarter the feed carries (Q2 FY24, Q3 FY24, Q1 FY25, Q2 FY25, Q3 FY25, Q1 FY26); the feed carries no Q4 rows. The derived quarterly net change in cash also reconciles to the period-end cash balances on the quarterly balance sheets.
The data feed's 'capex' field (0.6 in FY2024, 1.3 in FY2025) is purchases of property and equipment only. NerdWallet's real investment in its platform runs through 'Capitalized software development costs' (20.7 in FY2024, 16.9 in FY2025), which is a separate investing line in the printed statements and is shown as its own row here.
NerdWallet has no funded debt: the balance sheets show no borrowings other than a warehouse line of credit used by its mortgage subsidiary, so no debt rows are shown.
3 figure(s) differed between the data feed and the filing; the filing value is shown (see the run's metrics/metrics_tab.json for the audit trail).