NerdWallet, Inc. (NRDS) Stock

NerdWallet, Inc. (NRDS) is a Technology stock trading at $10.01 (as of 2026-08-20), with a market capitalization of $639.11M and a trailing P/E of 9.0. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

NerdWallet, Inc. operates a digital platform that provides consumer-driven advice about personal finance by connecting individuals and small and mid-sized businesses with financial products providers. The company's platform offers guidance to consumers through educational content, tools and calculators, and product marketplaces, as well as NerdWallet app for various financial products, including credit cards, mortgages, insurance, SMB products, personal loans, banking, investing, and student loans. It serves customers in the United States, the United Kingdom, and Canada. The company was founded in 2009 and is based in San Francisco, California.

Understand NerdWallet, Inc.: how it makes money

NerdWallet runs a digital personal finance advice and product marketplace platform, connecting consumers and small and mid-sized businesses with financial product providers and monetizing across product categories such as insurance, loans, and other vertical offerings.

Because NerdWallet is an advice and marketplace platform, its profitability depends on turning user attention and registered customers into product-specific marketplace revenue streams (for example, insurance, loan-related revenue, and other vertical products).

Revenue by segment (latest quarter)
Consumer$0.2B

Business quality (Mixed): Strong reported gross margin (93.9%) with positive operating margin (12.2%), but the business model is tied to marketplace conversion across multiple product verticals, so performance can be sensitive to changes in consumer demand and provider marketplace economics.

Valuation: Trades at 10× trailing earnings · $1B market cap.

Bull case

  • Category breadth in its platform: The platform provides guidance and tools for multiple financial products and verticals, including credit cards, mortgages, insurance, SMB products, personal loans, banking, investing, and student loans.
  • Engagement supports the marketplace model: Operational metrics available for investors include Average Monthly Unique Users and Cumulative Registered User Base, pointing to an audience driven foundation for monetizing product marketplaces.

Bear case

  • Marketplace revenue concentration risk: Revenue is connected to product marketplace activity across verticals (such as insurance and loans), so shifts in demand or economics for these products could impact results.
  • User base conversion sensitivity: The operating model depends on converting users and registered customers into revenue, so weaker conversion from advice and tools into marketplace outcomes could pressure performance.
Valuation — source: SEC EDGAR (first-party)
Price$10.01
Market Cap$639.11M
P/E Ratio9.0
EV / EBITDA3.4
Price / Book1.96
Price / Sales0.75
FCF Yield37.3%
DCF Value (model)$7.57
DCF Upside vs Price-24.3%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$836.60M
Net Margin5.8%
Revenue Growth (YoY)21.7%
EPS Growth (YoY)65.0%
FCF Growth (YoY)83.0%
Financial Health — source: SEC EDGAR
Altman Z-Score7.10 (safe)
Valuation vs Sector & Industry
Stock P/E9.0
Sector P/E (Technology)33.9
Industry P/E (Business Services)30.0
vs Sector-73.6%
vs Industry-70.1%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderTopline Capital Management, LLC ($54.51M)
Institutional Holders Tracked10
Company
SectorTechnology
IndustryBusiness Services
CEOTim Chen
Employees650
CountryUS
IPO Date2021-11-04

Related Companies (Business model: SaaS / Subscription Software (Enterprise); 8 closest by market cap; US-domiciled)

  • Upwork Inc. (UPWK)
  • LegalZoom.com, Inc. (LZ)
  • Yext, Inc. (YEXT)
  • TaskUs, Inc. (TASK)
  • Cars.com Inc. (CARS)
  • Ooma, Inc. (OOMA)
  • IBEX Limited (IBEX)
  • AIAI Holdings Corp (AIAI)
NRDS earnings history · NRDS institutional & insider holders · NRDS KPIs & operating metrics · NRDS financials · NRDS investor presentations & press releases · NRDS SEC filings · NRDS peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.