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NERDWALLET, INC. (NRDS) Annual Reports

Q: Where can I read NERDWALLET, INC. (NRDS) annual reports?

Every year on this page links straight to the full text on SEC EDGAR. US annual reports are web pages (HTML) rather than PDFs, so you can read and search them in the browser. 3 filings are currently indexed.

Q: What is the difference between a 10-K and a 20-F?

A 10-K is the annual report of a US domestic issuer; a 20-F is filed by foreign private issuers (Taiwanese companies with US ADRs, such as TSMC, file 20-F). A 40-F applies to Canadian issuers under the MJDS.

NERDWALLET, INC. is listed on Nasdaq, classified by the SEC under Services-Computer Processing & Data Preparation (SIC 7374). This page indexes 3 annual reports, each linking to the full text on the SEC's EDGAR system.

Company profile

Exchange： Nasdaq
Fiscal year end： 12/31
SEC CIK： 1625278 →

Financial Highlights

FY2026 Q2 (quarterly, ended 2026-06-30)
	Current	Prior year	YoY
Revenue	$197.3M	$186.9M	+5.6%
Operating income	$7.0M	$10.7M	-34.6%
Net income	$4.3M	$8.2M	-47.6%
EPS (diluted)	$0.07	$0.11	-36.4%

Source: SEC EDGAR (XBRL company facts)

Financial history

Revenue & profit

Quarterly · In mn (USD)

Revenue 197 mn Net income 4.30 mn

Show table：Income statement

Item	2019Q4	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Revenue	228	245	90.0	91.6	98.5	99.5	129	125	143	142	170	143	153	134	162	151	191	184	209	187	215	225	222	197
Operating income	28.4	1.90	-13.2	-22.7	6.30	-9.40	-9.10	-9.00	-8.80	7.90	-0.8	-4.20	4.00	4.60	3.70	-9.60	6.60	8.70	0.7	10.7	34.4	19.4	27.2	7.00
Net income	24.2	5.30	-12.9	-13.9	-7.80	-7.90	-10.5	-9.30	0.7	8.90	1.70	-10.7	-0.5	-2.30	1.10	-9.40	0.1	38.6	0.2	8.20	26.3	14.0	20.4	4.30

Balance sheet

Quarterly · In mn (USD)

Total assets 418 mn Total liabilities 92.2 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Show table：Balance sheet

Item	2019Q4	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Current assets	—	129	—	—	—	243	253	223	247	189	219	181	195	198	224	230	194	197	242	239	275	245	206	201
Total assets	—	255	—	—	—	364	376	346	485	426	452	411	421	419	446	446	402	438	475	476	493	461	432	418
Current liabilities	—	24.0	—	—	—	65.8	77.2	70.3	84.7	72.4	80.0	35.0	45.0	37.3	53.8	53.9	66.5	60.1	90.4	69.3	74.4	70.9	80.3	76.9
Total liabilities	—	104	—	—	—	107	121	82.5	167	84.0	90.3	45.6	56.6	51.7	67.4	66.8	80.0	73.4	103	86.0	90.4	86.6	95.8	92.2
Equity	8.00	82.7	61.5	54.5	52.8	258	255	264	319	342	362	365	364	367	379	379	322	364	372	390	402	375	336	326

Cash flow

Quarterly · In mn (USD)

Operating 41.2 mn Investing -4.00 mn Financing -31.5 mn

Positive = cash in, negative = cash out.

Show table：Cash flow statement

Item	2019Q4	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Operating	31.4	15.4	-3.60	-14.5	16.6	8.70	1.60	-16.0	19.3	20.1	16.4	-10.0	36.1	29.6	22.7	10.2	29.0	9.90	26.7	17.5	48.5	38.9	35.7	41.2
Investing	-14.8	-55.4	-5.40	-5.40	-5.50	-6.70	-8.50	-7.40	-78.4	-6.00	-7.60	-7.70	-4.80	-9.40	-13.5	-5.70	-5.20	-5.30	-4.60	-9.40	-6.40	-12.9	-19.7	-4.00
Financing	-1.40	55.7	-13.8	0.3	-0.7	114	0.7	-12.2	71.8	-68.7	8.10	-16.1	-11.8	-6.40	1.30	-1.70	-65.9	-10.2	3.80	5.10	-26.6	-48.4	-57.9	-31.5
Cash at period end	67.6	83.4	60.6	41.1	51.5	168	162	126	138	83.9	101	67.1	86.6	100	111	114	71.7	66.3	92.2	105	121	98.3	56.3	62.0

Profitability

Quarterly · %

Operating margin 3.5% Net margin 2.2%

Gross, operating and net margin = the respective profit ÷ revenue.

Show table：Profitability

Item	2019Q4	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Operating margin	12.4%	0.8%	-14.7%	-24.8%	6.4%	-9.4%	-7.0%	-7.2%	-6.2%	5.6%	-0.5%	-2.9%	2.6%	3.4%	2.3%	-6.4%	3.5%	4.7%	0.3%	5.7%	16.0%	8.6%	12.2%	3.5%
Net margin	10.6%	2.2%	-14.3%	-15.2%	-7.9%	-7.9%	-8.1%	-7.4%	0.5%	6.3%	1.0%	-7.5%	-0.3%	-1.7%	0.7%	-6.2%	0.1%	21.0%	0.1%	4.4%	12.2%	6.2%	9.2%	2.2%

Returns & leverage

Quarterly · %

ROE 18.2% ROA 14.5% Debt ratio 22.1%

ROE / ROA = trailing four-quarter net income ÷ average equity / total assets (annual mode: the year’s net income ÷ average of opening and closing). Not computed when the denominator is zero or negative.

Show table：Returns & leverage

Item	2019Q4	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
ROE	—	—	—	5.0%	-96.4%	-25.0%	-25.3%	-22.3%	-14.5%	-3.4%	0.7%	0.2%	-0.2%	-3.3%	-3.4%	-3.0%	-3.1%	8.3%	7.9%	12.2%	20.2%	13.2%	19.5%	18.2%
ROA	—	—	—	—	—	-13.7%	-10.7%	-10.3%	-5.6%	-2.6%	0.5%	0.2%	-0.1%	-2.8%	-2.8%	-2.6%	-2.5%	7.1%	6.4%	10.2%	16.4%	10.8%	15.2%	14.5%
Debt ratio	—	40.6%	—	—	—	29.3%	32.1%	23.8%	34.4%	19.7%	20.0%	11.1%	13.4%	12.3%	15.1%	15.0%	19.9%	16.8%	21.8%	18.1%	18.3%	18.8%	22.2%	22.1%

EPS

Quarterly · US$

EPS US$0.07

Show table：EPS

Item	2019Q4	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
EPS（US$）	0.45	0.09	-0.27	-0.28	-0.16	-0.12	-0.16	-0.14	0.01	0.14	0.02	-0.14	-0.01	-0.03	0.01	-0.12	0.00	0.49	0.00	0.11	0.34	0.19	0.29	0.07

Revenue & profit

Year-to-date · In mn (USD)

Revenue 420 mn Net income 24.7 mn

Year-to-date = summed from the first quarter of the fiscal year; balance-sheet items are period-end balances.

Balance sheet

Year-to-date · In mn (USD)

Total assets 418 mn Total liabilities 92.2 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Cash flow

Year-to-date · In mn (USD)

Operating 76.9 mn Investing -23.7 mn Financing -89.4 mn

Positive = cash in, negative = cash out.

Profitability

Year-to-date · %

Operating margin 8.2% Net margin 5.9%

Gross, operating and net margin = the respective profit ÷ revenue.

Returns & leverage

Year-to-date · %

ROE 18.2% ROA 14.5% Debt ratio 22.1%

EPS

Year-to-date · US$

EPS US$0.36

Revenue & profit

Annual · In mn (USD)

Revenue 837 mn Net income 48.7 mn

Annual = sum of four quarters of a complete fiscal year (incomplete years are omitted); balance-sheet items are year-end balances.

Show table：Income statement

Item	2021	2022	2023	2024	2025
Revenue	380	539	599	688	837
Operating income	-39.0	-19.0	3.60	9.40	65.2
Net income	-42.5	-10.2	-11.8	30.4	48.7

Balance sheet

Annual · In mn (USD)

Total assets 461 mn Total liabilities 86.6 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Show table：Balance sheet

Item	2021	2022	2023	2024	2025
Current assets	243	189	198	197	245
Total assets	364	426	419	438	461
Current liabilities	65.8	72.4	37.3	60.1	70.9
Total liabilities	107	84.0	51.7	73.4	86.6
Equity	258	342	367	364	375

Cash flow

Annual · In mn (USD)

Operating 132 mn Investing -33.3 mn Financing -66.1 mn

Positive = cash in, negative = cash out.

Show table：Cash flow statement

Item	2021	2022	2023	2024	2025
Operating	7.20	25.0	72.1	71.8	132
Investing	-23.0	-100	-29.5	-29.7	-33.3
Financing	100	-8.40	-26.2	-76.5	-66.1
Cash at period end	168	83.9	100	66.3	98.3

Profitability

Annual · %

Operating margin 7.8% Net margin 5.8%

Gross, operating and net margin = the respective profit ÷ revenue.

Show table：Profitability

Item	2021	2022	2023	2024	2025
Operating margin	-10.3%	-3.5%	0.6%	1.4%	7.8%
Net margin	-11.2%	-1.9%	-2.0%	4.4%	5.8%

Returns & leverage

Annual · %

ROE 13.2% ROA 10.8% Debt ratio 18.8%

Show table：Returns & leverage

Item	2021	2022	2023	2024	2025
ROE	-16.5%	-3.4%	-3.3%	8.3%	13.2%
ROA	-11.7%	-2.6%	-2.8%	7.1%	10.8%
Debt ratio	29.3%	19.7%	12.3%	16.8%	18.8%

EPS

Annual · US$

EPS US$0.64

Show table：EPS

Item	2021	2022	2023	2024	2025
EPS（US$）	-0.83	-0.15	-0.16	0.38	0.64

Source: SEC EDGAR (XBRL company facts)

Annual reports by year

	10-K
2025	Open full text →
2024	Open full text →
2023	Open full text →

10-K: annual report of a US domestic issuer. Filings are the original documents hosted on SEC EDGAR — this site neither mirrors nor edits them.

FAQ

Where can I read NERDWALLET, INC. (NRDS) annual reports?

Every year in the table above links straight to the full text on SEC EDGAR. US annual reports are web pages (HTML) rather than PDFs, so you can read and search them in the browser without downloading anything. 3 filings are currently indexed.

What is the difference between a 10-K and a 20-F?

A 10-K is the annual report of a US domestic issuer, with sections fixed by law: Item 1 Business, Item 1A Risk Factors, Item 7 Management's Discussion and Analysis. A 20-F is filed by foreign private issuers — Taiwanese companies with US ADRs, such as TSMC, file 20-F rather than 10-K. A 40-F applies to Canadian issuers under the MJDS.

Are earnings call materials available here?

No. Earnings calls are not SEC filings, so US pages on this site cover annual reports only. Taiwan has a mandatory investor-conference disclosure regime, and those materials are indexed under Annual Reports.

Source: US Securities and Exchange Commission (SEC) EDGAR. This site indexes public filings and links to them; it hosts no copies, offers no investment advice, and makes no warranty as to timeliness or completeness.
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