← NERDWALLET, INC.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Net income (loss) | $24.2m |
$5.3m
-78.10%
|
($42.5m)
-901.89%
|
($10.2m)
+76.00%
|
($11.8m)
-15.69%
|
$30.4m
+357.63%
|
$48.7m
+60.20%
|
— | |
| Depreciation and amortization | $9.4m | $15.1m | $27.1m | $37.0m | $48.2m | $48.4m | $46.4m | $40.1m | |
| Deferred taxes | $1.4m | ($4.6m) | $4.4m | ($12.6m) | ($500k) | ($46.1m) | $16.0m | — | |
| Stock-based compensation | $5.0m | $6.4m | $17.9m | $34.4m | $38.8m | $37.7m | $28.6m | $27.6m | |
| Accounts receivable | ($12.9m) | $1.0m | ($20.2m) | ($18.7m) | $10.7m | ($27.0m) | ($9.4m) | ($8.9m) | |
| Accounts payable | ($300k) | $3.6m | ($2.2m) | ($5.6m) | ($1.8m) | $6.6m | ($3.6m) | ($2.3m) | |
| Capitalized software development costs recorded in accounts payable and accrued expenses and other current liabilities | — | $100k | $500k | $900k | $500k | $400k | $600k | — | |
| Accrued expenses and other current liabilities | $5.1m | ($5.3m) | $16.6m | $5.8m | ($2.4m) | $12.5m | $9.8m | — | |
| Repurchases of Class A common stock recorded in accrued expenses and other current liabilities | — | — | — | $0 | $0 | $300k | $400k | — | |
| Prepaid expenses and other assets | ($700k) | ($4.8m) | ($9.6m) | ($700k) | ($4.4m) | ($1.8m) | ($2.5m) | — | |
| Other liabilities | ($1.3m) | ($100k) | ($900k) | ($1.1m) | $6.7m | $1.6m | $600k | — | |
| Net cash provided by operating activities | $31.4m |
$15.4m
-50.96%
|
$7.2m
-53.25%
|
$25.0m
+247.22%
|
$72.1m
+188.40%
|
$71.8m
-0.42%
|
$131.6m
+83.29%
|
$164.3m
+24.85%
|
|
| Purchases of property and equipment | ($700k) | ($1.3m) | ($2.3m) | ($4.6m) | ($700k) | ($600k) | ($1.3m) | ($17.1m) | |
| Purchases of investments | — | — | — | $0 | $0 | ($8.1m) | ($2.0m) | — | |
| Net cash used in investing activities | ($14.8m) | ($55.4m) | ($23.0m) | ($100.3m) | ($29.5m) | ($29.7m) | ($33.3m) | ($43.0m) | |
| Net borrowing (repayment) on warehouse line of credit | — | — | — | $0 | $0 | ($2.0m) | $4.4m | — | |
| Payment of debt issuance costs | — | — | $0 | $0 | ($1.4m) | $0 | $0 | — | |
| Issuances of Class A common stock under Employee Stock Purchase Plan | — | $0 | $0 | $4.5m | $3.0m | $1.4m | $2.1m | — | |
| Repurchases of Class A common stock | ($3.1m) | ($1.6m) | ($14.3m) | $0 | ($20.0m) | ($80.1m) | ($70.2m) | — | |
| Tax payments related to net-share settlements on restricted stock units | $0 | ($400k) | ($1.9m) | ($600k) | ($1.1m) | ($2.1m) | ($3.5m) | — | |
| Net cash used in financing activities | ($1.4m) |
$55.7m
+4078.57%
|
$100.2m
+79.89%
|
($8.4m)
-108.38%
|
($26.2m)
-211.90%
|
($76.5m)
-191.98%
|
($66.1m)
+13.59%
|
($164.4m)
-148.71%
|
|
| Net increase (decrease) in cash and cash equivalents | $15.2m | $15.8m | $84.4m | ($83.9m) | $16.5m | ($34.1m) | $32.0m | — | |
| Effect of exchange rate changes on cash and cash equivalents | $0 | $100k | $0 | ($200k) | $100k | $300k | ($200k) | ($200k) | |
| Additional Supplementary Disclosures | |||||||||
| Additional Supplementary Disclosures | |||||||||
| Non-cash lease costs | $6.3m | $6.8m | $7.9m | $2.6m | $2.8m | $2.2m | $2.2m | — | |
| Other losses, net | $500k | $100k | ($2.6m) | $1.3m | $2.9m | $8.6m | $1.8m | — | |
| Mortgage loans held for sale | — | — | — | $0 | $0 | $2.1m | ($4.5m) | — | |
| Payment of contingent consideration | — | $0 | $0 | ($19.0m) | ($16.9m) | $0 | $0 | — | |
| Operating lease liabilities | ($6.2m) | ($7.1m) | ($7.3m) | ($2.4m) | ($3.1m) | ($3.4m) | ($2.5m) | — | |
| Capitalized software development costs | ($14.1m) | ($17.4m) | ($20.7m) | ($27.6m) | ($28.8m) | ($20.7m) | ($16.9m) | — | |
| Business combinations | $0 | ($36.7m) | $0 | ($68.1m) | $0 | ($300k) | ($13.1m) | — | |
| Proceeds from line of credit | $0 | $5.0m | $0 | $70.0m | $7.5m | $0 | $0 | — | |
| Payments on line of credit | $0 | ($10.0m) | $0 | ($70.0m) | ($7.5m) | $0 | $0 | — | |
| Proceeds from exercises of stock options | $1.7m | $8.4m | $11.0m | $7.7m | $10.2m | $6.3m | $1.1m | — | |
| Beginning of year | $67.6m | $83.4m | $167.8m | $83.9m | $100.4m | $66.3m | $98.3m | — | |
| Income tax payments | $1.5m | $1.2m | $300k | $4.0m | $13.5m | $16.0m | $15.1m | — | |
| Cash paid for interest | $1.5m | $1.4m | $2.5m | $1.9m | $300k | $300k | $300k | — | |
| Cash paid for amounts included in the measurement of lease liabilities | $7.2m | $7.9m | $8.2m | $3.1m | $3.7m | $3.9m | $3.0m | — | |
| Lease liabilities arising from obtaining right-of-use assets | $13.7m | $0 | $7.8m | $0 | $0 | $0 | $4.1m | — |