NERDWALLET, INC.(NRDS)Stock Analysis
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Rank #480 of 2,879 stocksTOP 25%
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
NRDS Stock Analysis & AI Quality Score
AI stock analysis and institutional research for NERDWALLET, INC. (NRDS), a Technology sector company. 13F Pro's AI-powered ranking engine scores NRDS at 67.1/100 on a 32-signal composite quality model, placing it at rank #480 of 2,879 stocks — the top 25% of the AI-ranked universe. NRDS scores in the top quartile across balance sheet strength (90.0), revenue growth (75.0). Areas of concern include earnings quality (30.0), which score below median versus the broader universe. Shareholder dilution risk is elevated at 31.5/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2026), NERDWALLET, INC. reports quarterly revenue of $222.2M, net income of $20.4M, an operating margin of 12.2%. Top institutional holders of NRDS by reported 13-F value include Topline Capital Management,, BlackRock,, ARROWSTREET CAPITAL, LIMITED PARTNERSHIP, based on the most recent SEC filings. NRDS trades on the Nasdaq exchange and files with the SEC under CIK 1625278. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate NRDS daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for NERDWALLET, INC. directly from SEC EDGAR. NERDWALLET, INC.'s 13F Pro composite quality score has ranged between 8 and 70 since 2022, currently 67.1 — an improving long-term trajectory across 51 quarterly and live scoring snapshots.
What's Driving NRDS's Business? Latest 10-Q Breakdown
✓ 24/24 datapoints verifiedAI-extracted from NERDWALLET, INC.'s 10-Q filed 2026-05-06 — Q1 2026 (quarter ended March 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
NerdWallet swung to $20.4M net income in Q1 2026 from near breakeven, driven by $13M revenue growth to $222.2M and $10.6M sales/marketing cost reduction.
Biggest Revenue Drivers
Total revenue: $222.2M+6% YoY
Growth in deposit accounts (+$20.9M) and personal loans (+$12.7M) as partners expanded budgets, offset by credit card pressure (-$12.5M) from organic search traffic headwinds.
Continued pressures in organic search traffic, partially offset by increased business loan originations.
Largest Expense Items
$34.7M decrease in other marketing (lower brand expenses) partially offset by $24.1M increase in performance marketing.
No change year-over-year.
$1.7M increase primarily from higher personnel-related costs.
$3.0M decrease in amortization of capitalized software and $1.8M decrease in third-party service and data charges.
Margins: Gross margin improved significantly with cost of revenue declining 26% YoY despite modest 6% revenue growth, reflecting better software amortization efficiency. Operating margin expanded to 12% from near 0%, driven by controlled sales/marketing spend and cost improvements.
Watch Items from the Filing
- Consumer credit card revenue declined $12.5M YoY due to persistent organic search traffic pressures spanning multiple quarters.
- SMB revenue fell 15% YoY amid ongoing organic search challenges; growth offset only by business loan originations.
- Company repurchased 6.0M shares for $66.2M in Q1 2026 with $89.7M remaining authorization; aggressive capital return despite search traffic headwinds.
- Acquired College Finance Company (student loan marketplace) for $17.2M in February 2026 to expand lending verticals; integration ongoing.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Revenue
Q1 2026
$222.2M
Net Income
Q1 2026
$20.4M
Free Cash Flow
Q1 2026
$35.3M
Operating Margin
Q1 2026
12.2%
ROIC
Q1 2026
8.1%
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
+21.7% YoYNet Income
+60.2% YoYOperating Income
+593.6% YoYEPS (Diluted)
+68.4% YoYTotal Assets
+5.4% YoYTotal Debt
Op. Cash Flow
+83.3% YoY| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $836.6M +21.7% | $687.6M +14.7% | $599.4M +11.2% | $538.9M +42.0% | $379.6M +54.7% | $245.3M |
| Net Income | $48.7M +60.2% | $30.4M +357.6% | $-11.8M -15.7% | $-10.2M +76.0% | $-42.5M -901.9% | $5.3M |
| Operating Income | $65.2M +593.6% | $9.4M +161.1% | $3.6M +118.9% | $-19.0M +51.3% | $-39.0M -2152.6% | $1.9M |
| EPS (Diluted) | $0.64 +68.4% | $0.38 +353.3% | $-0.15 -7.1% | $-0.14 +82.9% | $-0.82 -1011.1% | $0.09 |
| Total Assets | $461.1M +5.4% | $437.6M +4.5% | $418.6M -1.7% | $425.7M +16.9% | $364.1M +42.7% | $255.2M |
| Total Debt | — | — | — | — | $0.00 -100.0% | $30.2M |
| Operating Cash Flow | $131.6M +83.3% | $71.8M -0.4% | $72.1M +188.4% | $25.0M +247.2% | $7.2M -53.2% | $15.4M |
AI Insight: NRDS Financial Trends
NerdWallet achieved profitability turnaround with revenue growing 27% year-over-year to $222M in Q1 2026, though equity base has contracted recently.
• Revenue grew 27% year-over-year from $209M in Q1 2025 to $222M in Q1 2026.
• Operating income turned positive, reaching $27M in Q1 2026 versus $1M in Q1 2025.
• Operating cash flow strengthened to $36M in Q1 2026 from $27M in Q1 2025.
⚠ Equity declined from $402M in Q3 2025 to $336M in Q1 2026, a 16% drop.
⚠ Revenue showed sequential volatility, fluctuating between $187M and $225M over recent quarters.
AI Insight: NRDS Ratio Trends
NerdWallet achieved remarkable profitability turnaround with operating margin expanding from -6.4% in Q2 2024 to 12.2% in Q1 2026.
• Operating margin surged from -6.4% in Q2 2024 to 12.2% in Q1 2026, marking sustained profitability recovery.
• ROIC improved dramatically from -10.1% in Q2 2024 to 32.4% in Q1 2026, demonstrating efficient capital deployment.
• ROE turned positive and reached 24.3% in Q1 2026 after being negative at -9.9% in Q2 2024.
• Net profit margin recovered from -6.2% in Q2 2024 to 9.2% in Q1 2026, showing consistent profitability.
⚠ Operating margin declined from 16.0% in Q3 2025 to 12.2% in Q1 2026 despite remaining strong.
⚠ ROIC dropped from 34.2% in Q3 2025 to 32.4% in Q1 2026 after peaking in Q3.
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Top Institutional Holders of NRDS
Topline Capital Management, LLC
$54.5M5,251,145 shBlackRock, Inc.
$31.8M3,060,747 shARROWSTREET CAPITAL, LIMITED PARTNERSHIP
$18.8M1,808,988 shVANGUARD PORTFOLIO MANAGEMENT LLC
$15.0M1,445,072 shVANGUARD CAPITAL MANAGEMENT LLC
$14.1M1,358,440 shDIMENSIONAL FUND ADVISORS LP
$13.7M1,322,848 shRENAISSANCE TECHNOLOGIES LLC
$10.4M1,002,275 shQuinn Opportunity Partners LLC
$10.3M989,149 shGEODE CAPITAL MANAGEMENT, LLC
$9.5M918,806 shSTATE STREET CORP
$9.4M905,274 sh
| Fund | Value | Shares |
|---|---|---|
| Topline Capital Management, LLC | $54.5M | 5,251,145 |
| BlackRock, Inc. | $31.8M | 3,060,747 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $18.8M | 1,808,988 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $15.0M | 1,445,072 |
| VANGUARD CAPITAL MANAGEMENT LLC | $14.1M | 1,358,440 |
| DIMENSIONAL FUND ADVISORS LP | $13.7M | 1,322,848 |
| RENAISSANCE TECHNOLOGIES LLC | $10.4M | 1,002,275 |
| Quinn Opportunity Partners LLC | $10.3M | 989,149 |
| GEODE CAPITAL MANAGEMENT, LLC | $9.5M | 918,806 |
| STATE STREET CORP | $9.4M | 905,274 |
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Is NRDS a good stock to buy?
13F Pro's AI-powered analysis of NERDWALLET, INC. (NRDS) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Technology sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for NRDS are available on the NRDS stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own NRDS?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling NRDS. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of NERDWALLET, INC.'s investment landscape.