NerdWallet, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $836.6M | $687.6M | $599.4M | $538.9M | $379.6M | $245.3M | $228.3M |
| Cost of Revenue | $63.7M | $63.5M | $54.0M | $39.8M | $28.5M | $21.3M | $16.1M |
| Gross Profit | $772.9M | $624.1M | $545.4M | $499.1M | $351.1M | $224.0M | $212.2M |
| Gross Margin | 92.4% | 90.8% | 91.0% | 92.6% | 92.5% | 91.3% | 92.9% |
| Operating Expenses | |||||||
| Research & Development | $66.7M | $82.5M | $80.5M | $77.6M | $62.2M | $50.9M | $46.0M |
| SG&A Expense | $56.3M | $61.6M | $59.8M | $58.2M | $38.5M | $28.0M | $22.2M |
| Operating Income | $65.2M | $9.4M | $3.6M | $-19.0M | $-39.0M | $1.9M | $28.4M |
| Operating Margin | 7.8% | 1.4% | 0.6% | -3.5% | -10.3% | 0.8% | 12.4% |
| Interest Expense | — | — | $800.0K | $2.5M | $1.3M | $1.1M | $1.1M |
| Pretax Income | $68.2M | $5.0M | $6.3M | $-20.0M | $-37.7M | $900.0K | $27.9M |
| Income Tax Expense | $19.5M | $-25.4M | $18.1M | $-9.8M | $4.8M | $-4.4M | $3.7M |
| Net Income | $48.7M | $30.4M | $-11.8M | $-10.2M | $-42.5M | $5.3M | $24.2M |
| Net Margin | 5.8% | 4.4% | -2.0% | -1.9% | -11.2% | 2.2% | 10.6% |
| EPS (Basic) | $0.66 | $0.40 | $-0.15 | $-0.14 | $-0.82 | $0.12 | $0.57 |
| EPS (Diluted) | $0.64 | $0.38 | $-0.15 | $-0.14 | $-0.82 | $0.09 | $0.45 |
| Shares Outstanding (Basic) | 74.3M | 76.5M | 76.7M | 70.6M | 51.9M | 44.3M | 42.1M |
| Shares Outstanding (Diluted) | 75.9M | 78.9M | 76.7M | 70.6M | 51.9M | 56.3M | 54.3M |
| Dividends Per Share | — | — | — | — | — | — | — |