Filing Flows › Nerdwallet (NRDS) › Q3 2025
Nerdwallet (NRDS) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 6, 2025
Nerdwallet (NRDS) reported revenue of $215M for the third quarter 2025 (Q3 2025), +12% from a year earlier and +15% from the quarter before. Operating margin was 16.0%, net earnings $26.3M (12.2% of revenue).
Nerdwallet, Q3 2025: revenue $215M (+12% year over year), operating margin 16.0%, net earnings $26.3M, operating cash flow $48.5M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $215M | +15% | +12% |
| Operating profit | $34.4M | +221% | +421% |
| Net earnings | $26.3M | +221% | 263× |
| Operating cash flow | $48.5M | +177% | +67% |
| Free cash flow | $48.4M | +188% | +67% |
What changed
Revenue was $215.1M in Q3 2025, up 12% year over year and up 15% from the previous quarter. Insurance was the largest line at 33% of revenue. Emerging verticals added $21.2M year over year (up 82%), 89% of the total change. Credit cards declined 25%.
Operating profit was $34.4M, a 16.0% margin (up 12.5 points year over year). Of the extra revenue versus a year earlier, 117% reached operating profit, above the 3% margin then. Total costs fell 2% while revenue rose 12%. Net earnings were $26.3M, up 26200% year over year. The effective tax rate was 25.9%.
Operating cash flow was $48.5M (up 67% year over year), 184% of net earnings. Non-cash charges added back $11.6M of depreciation and amortization and $6.7M of share-based compensation. Working capital and other items added $3.9M. Capital expenditures of $100K left free cash flow of $48.4M.
Questions
What was Nerdwallet's revenue in the third quarter 2025?
Nerdwallet (NRDS) reported revenue of $215M for the third quarter 2025 (Q3 2025), +12% from a year earlier and +15% from the quarter before.
Was Nerdwallet profitable in the third quarter 2025?
Operating profit was $34.4M (16.0% of revenue) and net earnings $26.3M.
Source: Nerdwallet 10-Q on SEC EDGAR.