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 March 31, 2024 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) Delaware (State or other jurisdiction of incorpora ...

Financial Performance - Revenue for Q1 2024 was $161.9 million, a decrease of 5% year-over-year[1] - GAAP net income was $1.1 million, or $0.01 per diluted share, down 34% from the previous year[5] - Adjusted EBITDA for Q1 2024 was $25.5 million, up 22% from the previous year[5] - Non-GAAP operating income rose by 176% year-over-year to $10.6 million[7] - The company reported a net income of $1.1 million for Q1 2024, a decrease of 34% from $1.7 million in Q1 2023[23] - The operating income margin for Q1 2024 was 2%, compared to a loss margin of 0% in Q1 2023[23] - The adjusted EBITDA margin for Q1 2024 was 16%, up from 12% in Q1 2023[23] User Metrics - Monthly Unique Users (MUUs) reached 29 million, representing a 25% increase year-over-year[6] Revenue Breakdown - Credit card revenue decreased by 19% year-over-year to $50.0 million, attributed to reduced marketing spending by financial partners[6] - SMB products revenue increased by 21% year-over-year to $30.4 million, driven by growth in business credit cards and banking products[6] - Emerging verticals revenue was $60.1 million, down 2% year-over-year, with growth in investing and insurance products partially offsetting declines in banking[6] Future Projections - The company expects a return to revenue growth in Q2 2024, despite current headwinds in the lending environment[3] - Revenue for Q2 2024 is projected to be between $147 million and $152 million, reflecting a 4% year-over-year increase at the midpoint[31] - Adjusted EBITDA for Q2 2024 is expected to range from $16.5 million to $19.5 million[31] - The company anticipates a non-GAAP operating income (loss) in the range of $(1.5) million to $1.5 million for Q2 2024[31] Strategic Focus - The company highlighted the importance of maintaining and expanding relationships with existing financial services partners as part of its growth strategy[35] - The company expects 2024 annual GAAP operating income margin to be in the range of 3-4.5% and non-GAAP operating income margin to be in the range of 6.5-8%[26]

hapabapa Elevator Pitch I have a Buy rating awarded to NerdWallet, Inc. (NASDAQ:NRDS) shares. In my previous August 24, 2023 write-up, I touched on NRDS' potential M&As (Mergers & Acquisitions) and margin expansion levers. My attention turns to NerdWallet's long-term financial goals and the company's capital allocation approach in the latest update. My latest article suggests that the market is undervaluing NerdWallet's stock in view of its recently released long-term financial goals. NRDS is now trading at ...

SAN FRANCISCO--(BUSINESS WIRE)--NerdWallet, Inc. (Nasdaq: NRDS), which provides trustworthy financial guidance to consumers and small and mid-sized businesses (SMBs), today announced that it will be participating in the KeyBanc Capital Markets Emerging Technology Summit in San Francisco. NerdWallet Co-Founder & CEO Tim Chen will participate in a fireside chat on Tuesday, March 5, 2024 at 9:30 a.m. Pacific Time, along with Chief Financial Officer Lauren StClair. Interested parties may access a live audio we ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 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) Delaware 45-4180440 (State or other jurisdiction of inc ...

Shares of financial data and advice website NerdWallet (NRDS -5.37%) tumbled 8.5% through 10:20 a.m. ET on Thursday after the company reported a surprise loss in its fourth-quarter 2023 financial update last night.Heading into the report, analysts had forecast NerdWallet would earn $0.10 per share on sales of $138.4 million. Instead, NerdWallet reported sales of only $133.7 million and a loss for the quarter of $0.03 per share. NerdWallet Q4 earningsNerdWallet reported a 6% year-over-year decline in revenue ...

SAN FRANCISCO--(BUSINESS WIRE)--NerdWallet, Inc. (NASDAQ: NRDS), a platform that provides financial guidance to consumers and small and mid-sized businesses (SMBs), today announced that it will release its fourth quarter and full-year 2023 financial results on Wednesday, February 14, 2024, and hold a related conference call to discuss the results at 1:30 p.m. Pacific Time the same day. Investors and other interested parties may listen to the call by clicking on the registration link for the webcast or audi ...

SAN FRANCISCO--(BUSINESS WIRE)--Today, SoFi (NASDAQ: SOFI), the digital personal finance company, received three 2024 Best-Of Awards from NerdWallet, Inc., a platform that provides financial guidance to consumers and small and mid-sized businesses (SMBs). SoFi was recognized by NerdWallet and selected as the Best Checking Account Overall and Best Checking Account for Overdraft Fee Avoidance for SoFi Checking & Savings, as well as Best Personal Loan Overall for SoFi Loans. A team of trusted Nerds—composed ...

SAN FRANCISCO--(BUSINESS WIRE)--NerdWallet, Inc. (Nasdaq: NRDS), a platform that provides financial guidance to consumers and small and mid-sized businesses (SMBs), today announced the winners of its 2024 Best-Of Awards. Each year, NerdWallet conducts a rigorous and in-depth evaluation process to recognize the best financial products on the market to help consumers make the smartest financial decisions. This year’s awards feature top picks across Credit Cards, Personal Loans, Banking, Investing, Mortgages, ...

NerdWallet, Inc. (NASDAQ:NRDS) Q3 2023 Results Conference Call October 26, 2023 4:30 PM ET Company Participants Caitlin MacNamee - Head of Investor Relations Tim Chen - Co-Founder & Chief Executive Officer Lauren StClair - Chief Financial Officer Conference Call Participants Jed Kelly - Oppenheimer Youssef Squali - Truist Justin Patterson - KeyBanc Ross Sandler - Barclays Ralph Schackart - William Blair Pete Christiansen - Citi Operator Good day and thank you for standing by. Welcome to the NerdWallet Third ...