NerdWallet, Inc. reported significant financial improvements in its latest quarterly filing, with total revenue reaching $186.9 million for the three months ended June 30, 2025, a 24% increase from $150.6 million in the same period last year. For the first half of 2025, revenue rose to $396.1 million, up 27% from $312.5 million in the prior year. The company achieved a net income of $8.2 million for the second quarter, compared to a net loss of $9.4 million in the same quarter of 2024. This marks a notable turnaround, with net income for the first half of 2025 also improving to $8.4 million from a loss of $8.3 million in the previous year.
The financial performance was bolstered by strong growth in specific product categories, particularly in insurance and emerging verticals. Insurance revenue surged by 86% year-over-year to $54.7 million in the second quarter, driven by increased demand for auto insurance products. Emerging verticals, which include banking and investing services, also saw a 64% increase in revenue. However, revenue from credit cards declined by 25%, reflecting ongoing challenges in organic search traffic. Overall, the company’s operational efficiency improved, as evidenced by a reduction in research and development expenses by 21% in the second quarter.
In terms of strategic developments, NerdWallet completed the acquisition of a privately-held financial services company for $5 million in cash on June 13, 2025. This acquisition is expected to enhance NerdWallet's service offerings, although its immediate financial impact has been minimal. Additionally, the company has been focusing on expanding its geographic reach, with services now available in the U.S., U.K., Canada, and Australia. The company’s employee headcount has also seen a slight increase, reflecting its growth strategy.
Operationally, NerdWallet reported a total of 75.2 million shares outstanding as of June 30, 2025, with cash and cash equivalents increasing to $105.3 million from $66.3 million at the end of 2024. The company’s total liabilities rose to $86 million, up from $73.4 million, primarily due to increased accounts payable and accrued expenses. The company’s cash flow from operating activities improved significantly, providing $44.2 million in the first half of 2025, compared to $32.9 million in the same period last year.
Looking ahead, NerdWallet anticipates continued growth driven by its strategic investments in marketing and product development. The company plans to leverage its strong cash position to enhance user engagement and expand its market share. However, management has acknowledged potential risks related to macroeconomic conditions, including inflation and interest rates, which could impact future performance. The company remains committed to adapting its strategies to navigate these challenges while focusing on long-term growth objectives.
About NERDWALLET, INC.
About 10-Q Filings
A 10-Q form is an important financial report that public companies in the United States must submit every three months. It gives a clear picture of a company's financial health and recent performance.
Key points about the 10-Q:
- Frequency: Companies file it three times a year, covering the first three quarters. The fourth quarter is covered in a more comprehensive annual report.
-
Content: It includes:
- Financial statements showing the company's current financial position
- Updates from management on the performance and projections of the business
- Information about potential risks the company faces
- Details on how the company is run internally
- Deadline: Must be filed within 40 or 45 days after the quarter ends, depending on the size of the company.
Our Methodology
AssetRoom is committed to providing timely summaries of news from public companies. We use AI to generate these summaries quickly, but they are not reviewed by human experts.
Our method:
- Data Collection: We continuously monitor for new filings (currently limited to US-listed stocks).
- AI-Powered Analysis: Our advanced AI system processes each filing, identifying key information and extracting relevant data.
- Summary Generation: The AI creates a concise, easy-to-understand summary of the filing, highlighting the most important points.
- Publication: The summary is immediately published on our platform, allowing users instant access to the latest information.
- Email users: We distribute round-up emails according to our users preferences, keeping them in the loop with the companies they follow.
Feedback & Corrections
Spot an error or have a suggestion? Contact us.