Business
NerdWallet Reports Third Quarter 2025 Results
Revenue of $215.1 million, Up 12% Year-Over-Year FINANCIAL HIGHLIGHTS Revenue of $215.1 million GAAP income from operations of $34.4 million GAAP net income
About this update from Nerdwallet, Inc.
[{"type":"text","content":"\nRevenue of $215.1 million, Up 12% Year-Over-Year\n\nFINANCIAL HIGHLIGHTS\n\n\nRevenue of $215.1 million\n\n\nGAAP income from operations of $34.4 million\n\n\nGAAP net income of $26.3 million or $0.34 income per diluted share\n\n\nNon-GAAP operating income of $41.3 million\n\n\nAdjusted EBITDA of $53.6 million\n\n\n \n\n SAN FRANCISCO--(BUSINESS WIRE)--\nNerdWallet, Inc. (Nasdaq: NRDS), which provides trustworthy financial guidance to consumers and small and mid-sized businesses (SMBs), today reported financial results for its third quarter ended September 30, 2025.\n\n“Our performance marketing and operational efficiency gains in the past few quarters have set us up for long-term growth and resulted in revenue of $215 million and non-GAAP operating income of $41 million in Q3,” said Tim Chen, Co-Founder and Chief Executive Office of NerdWallet. “We're confident our trusted brand and distribution will enable us to convert our traffic into lasting consumer relationships, making it a no-brainer to shop for financial products with NerdWallet.”\n\nTHIRD QUARTER 2025 HIGHLIGHTS\n\n\nInsurance revenue of $70.9 million increased 3% year-over-year.\n\n\nCredit cards revenue of $34.1 million decreased 25% year-over-year, primarily due to continued headwinds in organic search traffic.\n\n\nSMB products revenue of $23.6 million was down 15% year-over-year, primarily due to continued headwinds in organic search traffic.\n\n\nLoans revenue of $39.6 million was up 66% year-over-year, primarily due to increases in personal loans, as well as in mortgage loans where we continue to integrate our October 2024 acquisition of Next Door Lending.\n\n\nEmerging verticals revenue of $46.9 million was up 83% year-over-year, primarily driven by growth in banking products.\n\n\nUnderspent on brand marketing versus our target by $8 million as we reevaluated our brand strategy during the quarter. In Q4, we expect to return to more typical levels of brand spend.\n\n\nSUMMARY FINANCIAL RESULTS\n\n\n\n \n\n\n\n \n\n\n\nQuarter Ended\n\n\n\n \n\n\n\n%\n\n\nChange\n\n\n\n \n\n\n\nQuarter Ended\n\n\n\n \n\n\n\n%\n\n\nChange\n\n\n\n\n\n \n\n\n\n \n\n\n\nSep 30,\n\n\n\n \n\n\n\nSep 30,\n\n\n\n \n\n\n\n \n\n\n\nJun 30,\n\n\n\n \n\n\n\n\n\n(in millions, except per share amounts)\n\n\n\n \n\n\n\n \n\n\n\n2025\n\n\n\n \n\n\n\n \n\n\n\n2024\n\n\n\n \n\n\n\nYoY\n\n\n\n ...