NerdWallet, Inc. (NRDS) came out with quarterly earnings of $0.11 per share, in line with the Zacks Consensus Estimate . This compares to a loss of $0.12 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this company would post a loss of $0.1 per share when it actually produced break-even earnings, delivering a surprise of +100%.Over the last four quarters, the company has surpassed consensus EPS estimates just once.NerdWallet, Inc., which belongs ...

Financial Data and Key Metrics Changes - The company reported revenue of $187 million for Q2 2025, representing a 24% year-over-year increase, but below the guidance range of $192 million to $200 million due to a temporary disruption in the insurance shopping funnel [3][4][10] - Non-GAAP operating income was $21 million, exceeding the guidance of $14 million to $18 million, and showing a significant year-over-year improvement of $24 million [4][11] - GAAP operating income for Q2 was $11 million, with adjusted free cash flow over the last four quarters totaling $71 million and a cash balance of $105 million at the end of Q2 [11][12] Business Line Data and Key Metrics Changes - Insurance revenue reached $55 million, growing 86% year-over-year but declining 26% quarter-over-quarter due to the transition to a new platform partner [10][11] - The company has seen a rebound in insurance revenue post-transition, returning to levels similar to the previous year [10] Market Data and Key Metrics Changes - The company is experiencing organic search headwinds, which have impacted monthly active users (MAUs) more than revenue, with AI developments affecting search behavior [18][19] - There are early signs that large language models (LLMs) may become a new organic channel, with users coming from LLMs showing higher intent to transact compared to traditional search engine users [19][34] Company Strategy and Development Direction - The company is focused on vertical integration, enhancing its brand and shopping experiences, and has made strategic investments such as acquiring Nextdoor Lending [5][6] - The management emphasizes the importance of operational efficiency and capital allocation, with plans for M&A and share buybacks as attractive options for deploying free cash flow [12][13] Management's Comments on Operating Environment and Future Outlook - Management acknowledges ongoing challenges from organic search but remains optimistic about the potential of LLMs as a new growth channel [18][34] - For Q3, the company expects revenue in the range of $189 million to $197 million, with a slight decline in insurance year-over-year and continued headwinds in the credit card business [13][14] Other Important Information - The company has improved its efficiency and operational performance, allowing for more flexibility in investments and returning value to shareholders [5][6] - The transition to a new insurance platform was necessary for better economics and features suited to the company's needs [30] Q&A Session Summary Question: Trends in organic search headwinds - Management noted that organic search remains challenged, with AI developments affecting user behavior, but they are seeing early signs of LLMs as a new growth channel [18][19] Question: Registered user engagement trends - Management confirmed that registered users continue to show five times better lifetime value (LTV), with increased usage of newer features [28] Question: Rationale for insurance platform transition - The transition was warranted for better economics and features, with the timing occurring in early Q2 and concluding in July [30] Question: Monetization opportunities from LLMs - Management indicated that users coming through LLMs show higher intent to transact, although monetization is still in early stages [34]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-40994 NerdWallet, Inc. (Exact name of registrant as specified in its charter) (Former name, former address and former fiscal year, ...

EXHIBIT 99.1 SECOND QUARTER 2025 HIGHLIGHTS As previously announced, effective with the fourth quarter of 2024, we present Insurance (previously included in Emerging verticals) as a separate revenue product category. Comparative amounts have been reclassified to conform to the presentation for the three and six months ended June 30, 2025. 1 • Revenue of $186.9 million • GAAP income from operations of $10.7 million • GAAP net income of $8.2 million or $0.11 income per diluted share • Non-GAAP operating incom ...

Core Viewpoint - The article highlights that despite the downturn in the fintech sector post-2021, investors still perceive NerdWallet (NRDS) primarily as an affiliate network that leverages SEO and content marketing for generating clicks and revenue [1] Company Analysis - NerdWallet is viewed as a company that relies heavily on digital marketing strategies to drive its business model, particularly through search engine optimization and content marketing [1] Industry Context - The fintech industry has experienced a significant decline since 2021, impacting investor perceptions and strategies within the sector [1]

Group 1 - A surprising macro trend is the sharp increase in appetite from auto insurers to acquire new policyholders, driven by approved rate increases that have significantly improved insurance carriers' profitability [1] Group 2 - The article highlights the combined experience of covering technology companies on Wall Street and working in Silicon Valley, indicating a strong understanding of industry themes [2] Group 3 - There is a disclosure regarding a beneficial long position in the shares of NRDS, emphasizing the author's personal opinions and lack of compensation from mentioned companies [3] Group 4 - Seeking Alpha's disclosure notes that past performance does not guarantee future results and that no investment recommendations are being made [4]

The last time I reviewed NerdWallet (NASDAQ: NRDS ), I stated that the company was a “Buy". I liked that this founder-led business was continuing to grow overall revenue while creating diverse revenue streams.Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ...

Core Viewpoint - The emergence of fintech tools has provided individuals with lower credit scores or limited credit history better access to credit, but these tools face scrutiny from regulatory bodies and some lawmakers who claim they may lead consumers to predatory lending options [1][5]. Group 1: Fintech Tools and Comparison Shopping - Fintech tools, including comparison-shopping platforms like Credit Karma, NerdWallet, WalletHub, and LendingTree, enhance the chances of loan or credit card approval for consumers [2]. - Credit agencies, such as Experian, offer options like "no-ding decline," allowing consumers to apply without affecting their credit score unless approved [4]. Group 2: Regulatory Scrutiny and Consumer Protection - Some lawmakers, including Sen. Dick Durbin and Sen. Elizabeth Warren, argue that fintech platforms use deceptive practices to direct consumers toward predatory lending [5]. - The Consumer Financial Protection Bureau (CFPB) has attempted to regulate these practices, despite fintech platforms disclosing how advertiser compensation may influence product offerings [5]. Group 3: Research Findings on Consumer Access - Research from the Southwest Public Policy Institute (SPPI) indicates that comparison-shopping tools empower consumers to make informed choices, suggesting that government intervention could hinder access to credit for those in need [6]. - The SPPI report highlights the inefficiencies of government tools compared to sophisticated fintech systems, emphasizing the need for a dynamic marketplace that allows consumer choice [10][13]. Group 4: Case Study and User Experience - The SPPI report includes a case study of its founder, Patrick Brenner, who struggled to obtain credit through traditional means but successfully secured a credit card offer through Credit Karma, illustrating the effectiveness of these tools [8]. - The CFPB's tool for searching credit cards lacks the user-friendly features of comparison-shopping tools, requiring consumers to apply directly to banks without guidance on approval chances [9].

NerdWallet, Inc. (NRDS) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of a loss of $0.10. This compares to earnings of $0.01 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 100%. A quarter ago, it was expected that this company would post earnings of $0.01 per share when it actually produced earnings of $0.01, delivering no surprise.Over the last four quarters, the company has surpassed c ...

Financial Data and Key Metrics Changes - In Q1 2025, NerdWallet reported revenue of $209 million, representing a 29% year-over-year increase, and achieved $9 million in non-GAAP operating income [6][14] - The company generated GAAP operating income of $700,000 and reported $58 million in adjusted free cash flow over the last four quarters, ending Q1 with $92 million in cash [17] Business Line Data and Key Metrics Changes - Credit card revenue declined 24% year-over-year to $38 million, while loans revenue grew 12% year-over-year to $24 million, driven by personal loans returning to growth and contributions from Nextdoor Lending [14][15] - SMB products revenue decreased 5% year-over-year to $29 million due to tight underwriting and trade policy uncertainty [15] - Insurance revenue surged 246% year-over-year to $74 million, reflecting strong market performance [15] - Emerging verticals generated $44 million in revenue, growing 15% year-over-year, primarily from banking [16] Market Data and Key Metrics Changes - The insurance market is expected to normalize growth rates in the second half of the year after a significant increase in Q1 [15][41] - The U.S. financial services digital ad spend market is projected to grow at a 16% CAGR over five years, while NerdWallet's market is expected to grow at a 25% CAGR [9] Company Strategy and Development Direction - The company is focused on enhancing its core business through vertical integration and improving user experiences, particularly in mortgage brokering and personal loans [10][11] - NerdWallet aims to build deeper relationships with consumers and small businesses, emphasizing quality over quantity in user engagement [8][58] - The company plans to continue investing in brand marketing while reducing overall brand expenses in the latter half of the year [19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating potential economic uncertainties, including tariffs and inflation, while maintaining a focus on operational efficiency [7][18] - The company anticipates a return to growth in early 2026, contingent on the stability of the search landscape and improvements in user engagement [8][59] Other Important Information - The company retired its official Monthly Unique Users (MUU) disclosure, focusing instead on the quality of user relationships [8][58] - Management highlighted the importance of adapting to AI-driven search dynamics and the potential for improved user acquisition through enhanced experiences [60][61] Q&A Session Summary Question: Insights on AI enhanced search modules and traffic stability - Management noted that AI overviews and search ranking improvements contributed to recent traffic stability after previous declines [24][25] Question: Progress on integrating Nextdoor Lending and future vertical integration opportunities - Integration is progressing well, enhancing consumer relationships and unit economics, with future opportunities in complex decision-making areas like insurance and financial advising [27][32] Question: Outlook for the insurance vertical and growth expectations - Insurance revenue growth is expected to normalize, with premiums anticipated to grow faster than GDP, and a focus on expanding in auto and home insurance [41][43] Question: Performance marketing leverage as the insurance category matures - Management indicated that while performance marketing is a focus, significant impacts from maturing categories are not expected [48] Question: Progress in personal loans and travel rewards verticals - Personal loans are seeing success through improved funnel strategies, while travel rewards are being developed through content and audience building efforts [52][54]