7 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 27.8% per year over the past 5 years.
Net income has grown faster than revenue (55.8% vs 27.8% per year).
Operating margin has expanded, at 7.8% in the latest year.
Free cash flow has grown 56.0% per year over the past 5 years.
Financial health
Operating income covered interest expense 109× in the latest year.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2025
$837M
$49M
92.4%
7.8%
13.0%
10.6%
$130M
—
$98M
2024
$688M
$30M
90.8%
1.4%
8.3%
6.9%
$71M
—
$66M
2023
$599M
-$12M
91.0%
0.6%
-3.2%
-2.8%
$71M
—
$100M
2022
$539M
-$10M
92.6%
-3.5%
-3.0%
-2.4%
$20M
—
$84M
2021
$380M
-$43M
92.5%
-10.3%
-16.5%
-11.7%
$5M
$0
$168M
2020
$245M
$5M
91.3%
0.8%
6.4%
2.1%
$14M
$30M
$83M
2019
$228M
$24M
92.9%
12.4%
302.5%
—
$31M
—
—
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Jun '26
$197M
$4M
93.2%
3.5%
1.3%
1.0%
$41M
—
$62M
Mar '26
$222M
$20M
93.9%
12.2%
6.1%
4.7%
$35M
—
$56M
Dec '25
$225M
$14M
94.0%
8.6%
3.7%
3.0%
$39M
—
$98M
Sep '25
$215M
$26M
92.9%
16.0%
6.5%
5.3%
$48M
—
$121M
Jun '25
$187M
$8M
91.1%
5.7%
2.1%
1.7%
$17M
—
$105M
Mar '25
$209M
$200000
91.3%
0.3%
0.1%
0.0%
$27M
—
$92M
Dec '24
$184M
$39M
90.9%
4.7%
10.6%
8.8%
$10M
—
$66M
Sep '24
$191M
$100000
90.7%
3.5%
0.0%
0.0%
$29M
—
$72M
Jun '24
$151M
-$9M
90.1%
-6.4%
-2.5%
-2.1%
$10M
—
$114M
Mar '24
$162M
$1M
91.2%
2.3%
0.3%
0.2%
$23M
—
$111M
Dec '23
$134M
-$2M
89.7%
3.4%
-0.6%
-0.5%
$29M
—
$100M
Sep '23
$153M
-$500000
91.3%
2.6%
-0.1%
-0.1%
$36M
—
$87M
Jun '23
$143M
-$11M
90.9%
-2.9%
-2.9%
-2.6%
-$10M
—
$67M
Mar '23
$170M
$2M
91.9%
-0.5%
0.5%
0.4%
$16M
—
$101M
Dec '22
$142M
$9M
91.4%
5.6%
2.6%
2.1%
$20M
—
$84M
Sep '22
$143M
$700000
91.8%
-6.2%
0.2%
0.1%
$18M
$70M
$138M
Jun '22
$125M
-$9M
93.5%
-7.2%
-3.5%
-2.7%
-$17M
—
$126M
Mar '22
$129M
-$11M
94.0%
-7.0%
-4.1%
-2.8%
-$300000
—
$162M
Dec '21
$100M
-$8M
92.8%
-9.4%
-3.1%
-2.2%
$7M
$0
$168M
Sep '21
$99M
-$8M
92.4%
6.4%
-14.8%
—
$16M
—
—
Valuation over time
How the market has priced NRDS against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has fallen from 28.0× (Dec '24) to 14.5× (Nov '26).
The price-to-sales ratio has fallen from 1.9× (Mar '23) to 0.8× (Nov '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is NRDS growing its revenue and profit?
Over the past 5 years, Nerdwallet, Inc.'s revenue has grown 27.8% per year, and net income grown 55.8% per year. These are computed facts, not advice.
How much debt does NRDS have?
As of FY2025, Nerdwallet, Inc. reported — of total debt against $98M of cash; operating income covered interest expense 109×.
What is NRDS's profit margin?
In FY2025, gross margin was 92.4%, operating margin 7.8%, and net margin 5.8%.
What is NRDS's P/E ratio?
Nerdwallet, Inc.'s P/E (TTM) is 10.84 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the NRDS stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 14.5× as of Nov '26) can differ. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.