Filing Flows › Nerdwallet (NRDS) › Q1 2025
Nerdwallet (NRDS) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 6, 2025
Nerdwallet (NRDS) reported revenue of $209M for the first quarter 2025 (Q1 2025), +29% from a year earlier and +14% from the quarter before. Operating margin was 0.3%, net earnings $200K (0.1% of revenue).
Nerdwallet, Q1 2025: revenue $209M (+29% year over year), operating margin 0.3%, net earnings $200K, operating cash flow $26.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $209M | +14% | +29% |
| Operating profit | $700K | -92% | -81% |
| Net earnings | $200K | -99% | -82% |
| Operating cash flow | $26.7M | +170% | +18% |
| Free cash flow | $26.5M | +173% | +17% |
What changed
Revenue was $209.2M in Q1 2025, up 29% year over year and up 14% from the previous quarter. Insurance was the largest line at 35% of revenue. Insurance added $52.6M year over year (up 246%), 111% of the total change. Credit cards declined 24%.
Operating profit was $700K, a 0.3% margin (down 2.0 points year over year). Operating profit fell $3.0M even though revenue rose $47.3M versus a year earlier, so costs grew faster than sales. Total costs grew 32% against revenue growth of 29%. The fastest-growing cost line was Sales & marketing (+48%). Net earnings were $200K, down 82% year over year. The effective tax rate was 84.6%. Non-operating items added $600K, 46% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $26.7M (up 18% year over year), 13350% of net earnings. Non-cash charges added back $12.6M of depreciation and amortization and $6.7M of share-based compensation. Working capital and other items added $7.2M. Capital expenditures of $200K left free cash flow of $26.5M.
Questions
What was Nerdwallet's revenue in the first quarter 2025?
Nerdwallet (NRDS) reported revenue of $209M for the first quarter 2025 (Q1 2025), +29% from a year earlier and +14% from the quarter before.
Was Nerdwallet profitable in the first quarter 2025?
Operating profit was $700K (0.3% of revenue) and net earnings $200K.
Source: Nerdwallet 10-Q on SEC EDGAR.