Filing Flows › Nerdwallet (NRDS) › Q4 2025
Nerdwallet (NRDS) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 25, 2026
Nerdwallet (NRDS) reported revenue of $225M for the fourth quarter 2025 (Q4 2025), +23% from a year earlier and +5% from the quarter before. Operating margin was 8.6%, net earnings $14.0M (6.2% of revenue).
Nerdwallet, Q4 2025: revenue $225M (+23% year over year), operating margin 8.6%, net earnings $14.0M, operating cash flow $38.9M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $225M | +5% | +23% |
| Operating profit | $19.4M | -44% | +123% |
| Net earnings | $14.0M | -47% | -64% |
| Operating cash flow | $38.9M | -20% | +293% |
| Free cash flow | $38.6M | -20% | +298% |
What changed
Revenue was $225.4M in Q4 2025, up 23% year over year and up 5% from the previous quarter. Insurance was the largest line at 36% of revenue.
Operating profit was $19.4M, a 8.6% margin (up 3.9 points year over year). Of the extra revenue versus a year earlier, 26% reached operating profit, above the 5% margin then. Total costs grew 18% against revenue growth of 23%. The fastest-growing cost line was Sales & marketing (+26%). Net earnings were $14.0M, down 64% year over year. The effective tax rate was 29.6%.
Operating cash flow was $38.9M (up 293% year over year), 278% of net earnings. Non-cash charges added back $9.5M of depreciation and amortization and $7.0M of share-based compensation. Working capital and other items added $8.4M. Capital expenditures of $300K left free cash flow of $38.6M.
Questions
What was Nerdwallet's revenue in the fourth quarter 2025?
Nerdwallet (NRDS) reported revenue of $225M for the fourth quarter 2025 (Q4 2025), +23% from a year earlier and +5% from the quarter before.
Was Nerdwallet profitable in the fourth quarter 2025?
Operating profit was $19.4M (8.6% of revenue) and net earnings $14.0M.
Source: Nerdwallet 10-K on SEC EDGAR.