Filing Flows › Nerdwallet (NRDS) › Q2 2025
Nerdwallet (NRDS) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 7, 2025
Nerdwallet (NRDS) reported revenue of $187M for the second quarter 2025 (Q2 2025), +24% from a year earlier and -11% from the quarter before. Operating margin was 5.7%, net earnings $8.2M (4.4% of revenue).
Nerdwallet, Q2 2025: revenue $187M (+24% year over year), operating margin 5.7%, net earnings $8.2M, operating cash flow $17.5M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $187M | -11% | +24% |
| Operating profit | $10.7M | 15× | — |
| Net earnings | $8.2M | 41× | — |
| Operating cash flow | $17.5M | -34% | +72% |
| Free cash flow | $16.8M | -37% | +70% |
What changed
Revenue was $186.9M in Q2 2025, up 24% year over year and down 11% from the previous quarter. Insurance was the largest line at 29% of revenue. Insurance added $25.2M year over year (up 85%), 69% of the total change. Credit cards declined 25%.
Operating profit was $10.7M, a 5.7% margin (up 12.1 points year over year). Total costs grew 10% against revenue growth of 24%. The fastest-growing cost line was Sales & marketing (+21%). Net earnings were $8.2M. The effective tax rate was 28.7%.
Operating cash flow was $17.5M (up 72% year over year), 213% of net earnings. Non-cash charges added back $12.7M of depreciation and amortization and $8.2M of share-based compensation. Working capital and other items used $11.6M. Capital expenditures of $700K left free cash flow of $16.8M.
Questions
What was Nerdwallet's revenue in the second quarter 2025?
Nerdwallet (NRDS) reported revenue of $187M for the second quarter 2025 (Q2 2025), +24% from a year earlier and -11% from the quarter before.
Was Nerdwallet profitable in the second quarter 2025?
Operating profit was $10.7M (5.7% of revenue) and net earnings $8.2M.
Source: Nerdwallet 10-Q on SEC EDGAR.