NerdWallet, Inc. (NRDS)

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NerdWallet, Inc.

NRDS • CIK 0001625278

(in thousands, except per share data)	FY 2023	FY 2024	FY 2025	TTM
Revenue from Contract with Customer, Excluding Assessed Tax	$599,400	$687,600	$836,600	$860,000
Operating Income (Loss)	$3,600	$9,400	$65,200	$88,000
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	$6,300	$5,000	$68,200	$90,700
Income Tax Expense (Benefit)	$18,100	$-25,400	$19,500	$25,700
Net Income (Loss) Attributable to Parent	$-11,800	$30,400	$48,700	$65,000
Cost of Revenue	$54,000	$63,500	$63,700	$55,900
Research and Development Expense	$80,500	$82,500	$66,700	$66,300
Selling and Marketing Expense	$401,500	$470,600	$584,700	$591,500
General and Administrative Expense	$59,800	$61,600	$56,300	$58,300
Costs and Expenses	$595,800	$678,200	$771,400	$772,000
Investment Income, Interest	$3,600	$4,800	$3,200	$3,000
InterestExpenseNonoperating	—	$700	$600	$600
Other Nonoperating Gains (Losses)	$-100	$-8,500	$400	$300
Nonoperating Income (Expense)	$2,700	$-4,400	$3,000	$2,700
Weighted Average Number of Shares Outstanding, Basic	76,700,000	76,500,000	74,300,000	66,400,000
Weighted Average Number of Shares Outstanding, Diluted	76,700,000	78,900,000	75,900,000	67,200,000

(in thousands, except per share data)	FY 2023	FY 2024	FY 2025	TTM
Cash and Cash Equivalents, at Carrying Value	$100,400	$66,300	$98,300	$62,000
Receivables, Net, Current	$75,500	$102,200	$111,000	$113,600
Property, Plant and Equipment, Net	$52,600	$43,000	$31,800	$29,100
Prepaid Expense and Other Assets, Current	$22,500	$28,200	$35,400	$25,700
Goodwill	$111,500	$112,400	$123,500	$136,300
Assets, Current	$198,400	$196,700	$244,700	$201,300
Finite-Lived Intangible Assets, Net	$46,900	$33,300	$21,500	$19,100
Deferred Income Tax Assets, Net	—	$45,600	$29,400	$20,900
Operating Lease, Right-of-Use Asset	$7,200	$5,300	$7,100	$6,300
Other Assets, Noncurrent	$2,000	$1,300	$3,100	$5,000
Assets	$418,600	$437,600	$461,100	$418,000
Other Liabilities, Noncurrent	$14,400	$13,300	$15,700	$15,300
Liabilities	$51,700	$73,400	$86,600	$92,200
Accounts Payable, Current	$1,700	$8,900	$5,400	$12,700
Accrued Liabilities and Other Liabilities	$35,600	$51,200	$65,500	$64,200
Liabilities, Current	$37,300	$60,100	$70,900	$76,900
Preferred Stock, Value, Issued	$0	$0	$0	$0
Additional Paid in Capital	$483,700	$530,900	$562,500	$578,600
Accumulated Other Comprehensive Income (Loss), Net of Tax	$-300	$-200	$100	$-200
Retained Earnings (Accumulated Deficit)	$-116,500	$-166,500	$-188,100	$-252,600
Stockholders' Equity Attributable to Parent	$366,900	$364,200	$374,500	$325,800
Preferred Stock, Shares Authorized	5,000,000	5,000,000	5,000,000	5,000,000
Preferred Stock, Shares Issued	0	0	0	0
Common Stock, Shares Authorized	296,686,000	296,686,000	296,686,000	296,686,000
Common Stock, Shares, Issued	76,940,000	74,108,000	71,289,000	63,879,000
Prepaid Expense, Current	$13,500	$14,600	$12,200	$12,200
Financing Receivable, Held-for-Sale	—	$2,600	$7,100	$7,100
Income Taxes Receivable, Current	—	—	$9,900	$9,900
Contract with Customer, Asset, before Allowance for Credit Loss, Current	$5,500	$6,800	$3,500	$3,500
Deposits Assets, Current	$2,100	$2,200	$2,300	$2,300
Other Assets, Current	$1,400	$2,000	$400	$400
Property, Plant and Equipment, Gross	$128,300	$132,500	$105,300	$105,300
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	$75,700	$89,500	$73,500	$73,500
Capitalized Computer Software, Net	$34,000	$24,200	$20,400	$20,400
Capitalized Computer Software, Amortization	$28,900	$32,800	$31,200	$5,700
Payments to Acquire Equity Method Investments	—	$8,100	$2,000	$2,000
Equity Method Investments	—	—	$2,000	$2,000
Accrued Salaries, Current	$4,500	$4,800	$6,000	$6,000
Accrued Income Taxes, Current	—	$3,100	$500	$500
Line of Credit, Current	—	$2,500	$6,900	$6,900
Operating Lease, Liability, Current	$3,400	$2,300	$1,900	$2,000
Other Accrued Liabilities, Current	$2,400	$4,600	$3,300	$3,300
Operating Lease, Liability, Noncurrent	$6,200	$4,100	$6,100	$5,100
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	$7,200	$8,800	$9,600	$9,600
Other Sundry Liabilities, Noncurrent	$300	$200	$0	$0

(in thousands, except per share data)	FY 2023	FY 2024	FY 2025	TTM
Net Income (Loss) Attributable to Parent	$-11,800	$30,400	$48,700	$65,000
Net Cash Provided by (Used in) Operating Activities	$72,100	$71,800	$131,600	$164,300
Net Cash Provided by (Used in) Financing Activities	$-26,200	$-76,500	$-66,100	$-164,400
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	$100	$300	$-200	$-200
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	$16,500	$-34,100	$32,000	$-43,300
Depreciation, Depletion and Amortization	$48,200	$48,400	$46,400	$40,100
Payments to Acquire Investments	—	$8,100	$2,000	$4,000
Share-based Payment Arrangement, Noncash Expense	$38,800	$37,700	$28,600	$27,600
Payments to Develop Software	—	$20,700	$16,900	$16,200
Deferred Income Taxes and Tax Credits	$-500	$-46,100	$16,000	$27,800
Payments to Acquire Property, Plant, and Equipment	$700	$600	$1,300	$900
Operating Lease, Right-of-Use Asset, Amortization Expense	$2,800	$2,200	$2,200	$1,700
Payments to Acquire Businesses, Net of Cash Acquired	$0	$300	$13,100	$24,200
Other Noncash Income (Expense)	$-2,900	$-8,600	$-1,800	$-800
Net Cash Provided by (Used in) Investing Activities	$-29,500	$-29,700	$-33,300	$-43,000
Increase (Decrease) in Accounts Receivable	$-10,700	$27,000	$9,400	$15,200
Payment for Contingent Consideration Liability, Financing Activities	$16,900	$0	$0	$0
Increase (Decrease) in Prepaid Expense and Other Assets	$4,400	$1,800	$2,500	$-2,200
Proceeds from (Repayments of) Lines of Credit	—	$-2,000	$4,400	$-6,000
Increase (Decrease) in Mortgage Loans Held-for-sale	—	$-2,100	$4,500	$-6,300
Proceeds from Long-term Lines of Credit	—	$0	$0	$0
Increase (Decrease) in Accounts Payable	$-1,800	$6,600	$-3,600	$-2,300
Increase (Decrease) in Accrued Liabilities and Other Operating Liabilities	$-2,400	$12,500	$9,800	$11,200
Payments of Debt Issuance Costs	$1,400	$0	$0	$0
Payment for Contingent Consideration Liability, Operating Activities	$14,000	$0	$0	$0
Proceeds from Stock Options Exercised	$10,200	$6,300	$1,100	$1,500
IncreaseDecreaseInOperatingLeaseLiability	$-3,100	$-3,400	$-2,500	$-1,700
Payment, Tax Withholding, Share-based Payment Arrangement	$1,100	$2,100	$3,500	$3,500
Increase (Decrease) in Other Operating Liabilities	$6,700	$1,600	$600	$800
Proceeds, Issuance of Shares, Share-based Payment Arrangement, Excluding Option Exercised	$3,000	$1,400	$2,100	$2,300
Payments for Repurchase of Common Stock	—	—	$70,200	$158,700
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	$100,400	$66,300	$98,300	$62,400
Income Taxes Paid	$13,500	$16,000	$15,100	$2,500
Interest Paid, Excluding Capitalized Interest, Operating Activities	$300	$300	$300	$400
Operating Lease, Payments	$3,700	$3,900	$3,000	$2,300
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	$0	—	$4,100	$100

Loading financial statements…

Import this data to Google Sheets with:

=jivedata("NRDS","financials")

Full statements spill as a table. For one cell: =jivedata("NRDS","Revenue") or =jivedata("NRDS","Revenue","TTM"). Install the Jive Data add-on, then paste into a cell.

NerdWallet, Inc.

NRDS • CIK 0001625278

(in thousands, except per share data)	FY 2023	FY 2024	FY 2025	TTM
Revenue from Contract with Customer, Excluding Assessed Tax	$599,400	$687,600	$836,600	$860,000
Operating Income (Loss)	$3,600	$9,400	$65,200	$88,000
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	$6,300	$5,000	$68,200	$90,700
Income Tax Expense (Benefit)	$18,100	$-25,400	$19,500	$25,700
Net Income (Loss) Attributable to Parent	$-11,800	$30,400	$48,700	$65,000
Cost of Revenue	$54,000	$63,500	$63,700	$55,900
Research and Development Expense	$80,500	$82,500	$66,700	$66,300
Selling and Marketing Expense	$401,500	$470,600	$584,700	$591,500
General and Administrative Expense	$59,800	$61,600	$56,300	$58,300
Costs and Expenses	$595,800	$678,200	$771,400	$772,000
Investment Income, Interest	$3,600	$4,800	$3,200	$3,000
InterestExpenseNonoperating	—	$700	$600	$600
Other Nonoperating Gains (Losses)	$-100	$-8,500	$400	$300
Nonoperating Income (Expense)	$2,700	$-4,400	$3,000	$2,700
Weighted Average Number of Shares Outstanding, Basic	76,700,000	76,500,000	74,300,000	66,400,000
Weighted Average Number of Shares Outstanding, Diluted	76,700,000	78,900,000	75,900,000	67,200,000

(in thousands, except per share data)	FY 2023	FY 2024	FY 2025	TTM
Cash and Cash Equivalents, at Carrying Value	$100,400	$66,300	$98,300	$62,000
Receivables, Net, Current	$75,500	$102,200	$111,000	$113,600
Property, Plant and Equipment, Net	$52,600	$43,000	$31,800	$29,100
Prepaid Expense and Other Assets, Current	$22,500	$28,200	$35,400	$25,700
Goodwill	$111,500	$112,400	$123,500	$136,300
Assets, Current	$198,400	$196,700	$244,700	$201,300
Finite-Lived Intangible Assets, Net	$46,900	$33,300	$21,500	$19,100
Deferred Income Tax Assets, Net	—	$45,600	$29,400	$20,900
Operating Lease, Right-of-Use Asset	$7,200	$5,300	$7,100	$6,300
Other Assets, Noncurrent	$2,000	$1,300	$3,100	$5,000
Assets	$418,600	$437,600	$461,100	$418,000
Other Liabilities, Noncurrent	$14,400	$13,300	$15,700	$15,300
Liabilities	$51,700	$73,400	$86,600	$92,200
Accounts Payable, Current	$1,700	$8,900	$5,400	$12,700
Accrued Liabilities and Other Liabilities	$35,600	$51,200	$65,500	$64,200
Liabilities, Current	$37,300	$60,100	$70,900	$76,900
Preferred Stock, Value, Issued	$0	$0	$0	$0
Additional Paid in Capital	$483,700	$530,900	$562,500	$578,600
Accumulated Other Comprehensive Income (Loss), Net of Tax	$-300	$-200	$100	$-200
Retained Earnings (Accumulated Deficit)	$-116,500	$-166,500	$-188,100	$-252,600
Stockholders' Equity Attributable to Parent	$366,900	$364,200	$374,500	$325,800
Preferred Stock, Shares Authorized	5,000,000	5,000,000	5,000,000	5,000,000
Preferred Stock, Shares Issued	0	0	0	0
Common Stock, Shares Authorized	296,686,000	296,686,000	296,686,000	296,686,000
Common Stock, Shares, Issued	76,940,000	74,108,000	71,289,000	63,879,000
Prepaid Expense, Current	$13,500	$14,600	$12,200	$12,200
Financing Receivable, Held-for-Sale	—	$2,600	$7,100	$7,100
Income Taxes Receivable, Current	—	—	$9,900	$9,900
Contract with Customer, Asset, before Allowance for Credit Loss, Current	$5,500	$6,800	$3,500	$3,500
Deposits Assets, Current	$2,100	$2,200	$2,300	$2,300
Other Assets, Current	$1,400	$2,000	$400	$400
Property, Plant and Equipment, Gross	$128,300	$132,500	$105,300	$105,300
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	$75,700	$89,500	$73,500	$73,500
Capitalized Computer Software, Net	$34,000	$24,200	$20,400	$20,400
Capitalized Computer Software, Amortization	$28,900	$32,800	$31,200	$5,700
Payments to Acquire Equity Method Investments	—	$8,100	$2,000	$2,000
Equity Method Investments	—	—	$2,000	$2,000
Accrued Salaries, Current	$4,500	$4,800	$6,000	$6,000
Accrued Income Taxes, Current	—	$3,100	$500	$500
Line of Credit, Current	—	$2,500	$6,900	$6,900
Operating Lease, Liability, Current	$3,400	$2,300	$1,900	$2,000
Other Accrued Liabilities, Current	$2,400	$4,600	$3,300	$3,300
Operating Lease, Liability, Noncurrent	$6,200	$4,100	$6,100	$5,100
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	$7,200	$8,800	$9,600	$9,600
Other Sundry Liabilities, Noncurrent	$300	$200	$0	$0

(in thousands, except per share data)	FY 2023	FY 2024	FY 2025	TTM
Net Income (Loss) Attributable to Parent	$-11,800	$30,400	$48,700	$65,000
Net Cash Provided by (Used in) Operating Activities	$72,100	$71,800	$131,600	$164,300
Net Cash Provided by (Used in) Financing Activities	$-26,200	$-76,500	$-66,100	$-164,400
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	$100	$300	$-200	$-200
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	$16,500	$-34,100	$32,000	$-43,300
Depreciation, Depletion and Amortization	$48,200	$48,400	$46,400	$40,100
Payments to Acquire Investments	—	$8,100	$2,000	$4,000
Share-based Payment Arrangement, Noncash Expense	$38,800	$37,700	$28,600	$27,600
Payments to Develop Software	—	$20,700	$16,900	$16,200
Deferred Income Taxes and Tax Credits	$-500	$-46,100	$16,000	$27,800
Payments to Acquire Property, Plant, and Equipment	$700	$600	$1,300	$900
Operating Lease, Right-of-Use Asset, Amortization Expense	$2,800	$2,200	$2,200	$1,700
Payments to Acquire Businesses, Net of Cash Acquired	$0	$300	$13,100	$24,200
Other Noncash Income (Expense)	$-2,900	$-8,600	$-1,800	$-800
Net Cash Provided by (Used in) Investing Activities	$-29,500	$-29,700	$-33,300	$-43,000
Increase (Decrease) in Accounts Receivable	$-10,700	$27,000	$9,400	$15,200
Payment for Contingent Consideration Liability, Financing Activities	$16,900	$0	$0	$0
Increase (Decrease) in Prepaid Expense and Other Assets	$4,400	$1,800	$2,500	$-2,200
Proceeds from (Repayments of) Lines of Credit	—	$-2,000	$4,400	$-6,000
Increase (Decrease) in Mortgage Loans Held-for-sale	—	$-2,100	$4,500	$-6,300
Proceeds from Long-term Lines of Credit	—	$0	$0	$0
Increase (Decrease) in Accounts Payable	$-1,800	$6,600	$-3,600	$-2,300
Increase (Decrease) in Accrued Liabilities and Other Operating Liabilities	$-2,400	$12,500	$9,800	$11,200
Payments of Debt Issuance Costs	$1,400	$0	$0	$0
Payment for Contingent Consideration Liability, Operating Activities	$14,000	$0	$0	$0
Proceeds from Stock Options Exercised	$10,200	$6,300	$1,100	$1,500
IncreaseDecreaseInOperatingLeaseLiability	$-3,100	$-3,400	$-2,500	$-1,700
Payment, Tax Withholding, Share-based Payment Arrangement	$1,100	$2,100	$3,500	$3,500
Increase (Decrease) in Other Operating Liabilities	$6,700	$1,600	$600	$800
Proceeds, Issuance of Shares, Share-based Payment Arrangement, Excluding Option Exercised	$3,000	$1,400	$2,100	$2,300
Payments for Repurchase of Common Stock	—	—	$70,200	$158,700
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	$100,400	$66,300	$98,300	$62,400
Income Taxes Paid	$13,500	$16,000	$15,100	$2,500
Interest Paid, Excluding Capitalized Interest, Operating Activities	$300	$300	$300	$400
Operating Lease, Payments	$3,700	$3,900	$3,000	$2,300
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	$0	—	$4,100	$100

NerdWallet, Inc.

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