NERDWALLET, INC.

Annual Trend FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Revenue $228.3m $245.3m $379.6m $538.9m $599.4m $687.6m $836.6m
Cost of revenue $16.1m $21.3m $28.5m $39.8m $54.0m $63.5m $63.7m
Research and development $46.0m $50.9m $62.2m $77.6m $80.5m $82.5m $66.7m
Income from Operations $28.4m $1.9m ($39.0m) ($19.0m) $3.6m $9.4m $65.2m
Sales and marketing $115.6m $144.0m $271.3m $375.6m $401.5m $470.6m $584.7m
General and administrative $22.2m $28.0m $38.5m $58.2m $59.8m $61.6m $56.3m
Interest income $1.1m $200k $0 $1.5m $3.6m $4.8m $3.2m
Other gains (losses), net ($500k) ($100k) $2.6m $0 ($100k) ($8.5m) $400k
Income tax provision (benefit) ($3.7m) $4.4m ($4.8m) ($9.8m) $18.1m ($25.4m) $19.5m
Income before income taxes $27.9m $900k ($37.7m) ($20.0m) $6.3m $5.0m $68.2m
Net Income (Loss) $24.2m $5.3m ($42.5m) ($10.2m) ($11.8m) $30.4m $48.7m
Basic (in dollars per share) $0.57 $0.12 ($0.82) ($0.14) ($0.15) $0.40 $0.66
Diluted (in dollars per share) $0.45 $0.09 ($0.82) ($0.14) ($0.15) $0.39 $0.64
Interest expense ($1.1m) ($1.1m) ($1.3m) ($2.5m) ($800k) ($700k) ($600k)
Total costs and expenses $199.9m $243.4m $418.6m $557.9m $595.8m $678.2m $771.4m
Total other income (expense), net ($500k) ($1.0m) $1.3m ($1.0m) $2.7m ($4.4m) $3.0m