Filing Flows › Nerdwallet (NRDS) › Q1 2026
Nerdwallet (NRDS) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
Nerdwallet (NRDS) reported revenue of $222M for the first quarter 2026 (Q1 2026), +6% from a year earlier and -1% from the quarter before. Operating margin was 12.2%, net earnings $20.4M (9.2% of revenue).
Nerdwallet, Q1 2026: revenue $222M (+6% year over year), operating margin 12.2%, net earnings $20.4M, operating cash flow $35.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $222M | -1% | +6% |
| Operating profit | $27.2M | +40% | 39× |
| Net earnings | $20.4M | +46% | 102× |
| Operating cash flow | $35.7M | -8% | +34% |
| Free cash flow | $35.3M | -9% | +33% |
What changed
Revenue was $222.2M in Q1 2026, up 6% year over year and down 1% from the previous quarter. Consumer was the largest line at 89% of revenue. Consumer added $17.3M year over year (up 10%), 133% of the total change. SMB declined 15%.
Operating profit was $27.2M, a 12.2% margin (up 11.9 points year over year). Of the extra revenue versus Q1 2025, 204% reached operating profit, above the 0% margin then. Total costs fell 6% while revenue rose 6%. The fastest-growing cost line was General & admin (+12%). Net earnings were $20.4M, up 10100% year over year. The effective tax rate was 27.1%.
Operating cash flow was $35.7M (up 34% year over year), 175% of net earnings. Non-cash charges added back $9.7M of depreciation and amortization and $7.0M of share-based compensation. Capital expenditures of $400K left free cash flow of $35.3M.
Questions
What was Nerdwallet's revenue in the first quarter 2026?
Nerdwallet (NRDS) reported revenue of $222M for the first quarter 2026 (Q1 2026), +6% from a year earlier and -1% from the quarter before.
Was Nerdwallet profitable in the first quarter 2026?
Operating profit was $27.2M (12.2% of revenue) and net earnings $20.4M.
Source: Nerdwallet 10-Q on SEC EDGAR.