NerdWallet's Income Statement Analysis: Revenue to Profit Breakdown
NerdWallet's Income Statement Analysis: Revenue to Profit Breakdown
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FY21
Dec 31, 2021
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FY22
Dec 31, 2022
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FY23
Dec 31, 2023
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FY24
Dec 31, 2024
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FY25
Dec 31, 2025
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TTM
Trailing 12M
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Revenue
Total sales generated. |
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$379.60 M | $538.90 M | $599.40 M | $687.60 M | $836.60 M | $849.60 M |
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Cost of Revenue Direct cost of goods/services. |
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$28.50 M | $39.80 M | $54.00 M | $63.50 M | $63.70 M | $59.10 M |
Gross Profit Revenue minus cost of revenue. |
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$351.10 M | $499.10 M | $545.40 M | $624.10 M | $772.90 M | $790.50 M |
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Operating Expense
Costs to run business. |
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$390.10 M | $518.10 M | $541.80 M | $614.70 M | $703.30 M | $697.50 M |
Research and Development Investment in innovation. |
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$62.20 M | $77.60 M | $80.50 M | $82.50 M | $66.70 M | $66.70 M |
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Sales, General and Administrative
Selling and admin costs. |
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$309.80 M | $433.80 M | $461.30 M | $532.20 M | $641.00 M | $632.10 M |
General and Administrative Corporate overhead costs. |
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$38.50 M | $58.20 M | $59.80 M | $61.60 M | $56.30 M | $58.00 M |
Sales and Marketing Customer acquisition costs. |
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$271.30 M | $375.60 M | $401.50 M | $470.60 M | $584.70 M | $574.10 M |
Other Expenses Other operating costs. |
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$18.10 M | $6.70 M | - | - | -$4.40 M | -$1.30 M |
Operating Income Profit from operations. |
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-$39.00 M | -$19.00 M | $3.60 M | $9.40 M | $69.60 M | $93.00 M |
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Net Interest Income
Interest income minus expense. |
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-$1.30 M | -$1.00 M | $2.80 M | $4.10 M | $2.60 M | $2.70 M |
Interest Income Income from investments. |
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- | $1.50 M | $3.60 M | $4.80 M | $3.20 M | $3.40 M |
Interest Expense Cost of borrowing. |
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$1.30 M | $2.50 M | $800.00 K | $700.00 K | $600.00 K | $700.00 K |
Non-Operating Income (ex-Int) Income outside core operations. |
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-$2.60 M | -$1.50 M | -$3.50 M | $3.70 M | - | -$2.90 M |
Total Other Income (Net) Net non-operating items. |
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$1.30 M | -$1.00 M | $2.70 M | -$4.40 M | $3.00 M | $1.90 M |
Income Before Tax Profit before taxes. |
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-$37.70 M | -$20.00 M | $6.30 M | $5.00 M | $68.20 M | $94.90 M |
Income Tax Expense Taxes on income. |
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$4.80 M | -$9.80 M | $18.10 M | -$25.40 M | $19.50 M | $26.00 M |
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Net Income
Final profit. |
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-$42.50 M | -$10.20 M | -$11.80 M | $30.40 M | $48.70 M | $68.90 M |
Net Income From Continuing Operations Profit from core business. |
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-$42.50 M | -$10.20 M | -$11.80 M | $30.40 M | $48.70 M | $68.90 M |
Net Income From Discontinued Operations Profit/loss from sold units. |
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- | - | - | - | - | - |
Other Adjustments to Net Income Additional accounting adjustments. |
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- | - | - | - | - | - |
Net Income Deductions Reductions from net income. |
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- | - | - | - | - | - |
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Earnings Per Share
Company profit allocated to each outstanding share. |
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EPS Earnings per share. Formula: Net Income ÷ Shares |
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-$0.63 | -$0.14 | -$0.15 | $0.40 | $0.66 | $0.95 |
Diluted EPS EPS including dilution. Formula: Net Income ÷ Diluted Shares |
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-$0.63 | -$0.14 | -$0.15 | $0.39 | $0.64 | $0.93 |
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Shares for EPS
Number of shares used to calculate EPS. |
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Weighted Average Shares Outst. Avg shares used for EPS. |
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67.07 M | 70.60 M | 76.70 M | 76.50 M | 74.30 M | 68.20 M |
Diluted Average Shares Outst. Shares including dilution. |
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67.07 M | 70.60 M | 76.70 M | 78.90 M | 75.90 M | 69.50 M |
| Supplemental Items | |||||||
EBIT Earnings before interest and tax. |
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-$36.40 M | -$17.50 M | $7.10 M | $5.70 M | $69.60 M | $95.90 M |
EBITDA Earnings before interest, tax, D&A. |
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-$1.40 M | $19.50 M | $55.30 M | $54.10 M | $116.00 M | $139.40 M |
Depreciation and Amortization Non-cash expense for assets. |
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$35.00 M | $37.00 M | $48.20 M | $48.40 M | $46.40 M | $43.50 M |
| Company Report |
NerdWallet's Assets vs Liabilities & Equity
NerdWallet's Assets vs Liabilities & Equity
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