NRDS
NerdWallet, Inc.

NerdWallet, Inc.NRDS

Communication Services · Internet Content & Information
8.20USD
+1.23%
Sep 25, 2026
NRDS overview ready
Performance-Based Financial Product Marketplace Driving User Engagement And Referrals
NerdWallet is a consumer and SMB financial-product marketplace and guidance platform whose revenue is primarily tied to referral, lead-generation, partner monetization, and selected regulated brokerage/advisory services.
Narrative not measured
Digital Consumer Financial Services DistributionPerformance-Based Financial Product Comparison MarketplacesPure play
Price trend is broken
Longer-term context reads damaged structure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
Attractive valuation
Current market expectations look undemanding relative to the cash the business actually produces.
Solid fundamentals
Free cash flow yield is strong.
Primary risk
Dependence on third-party financial product providers for revenue.
Market Sep 24Filing Jun 30Price action Sep 24Research Jul 29

Conviction Level

NarrativeHeat—ThemeHeat6.7PriceAction3.4Valuation6.8CompanyPosition7.3
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads damaged structure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
EntryWeak / unconfirmed recovery

The daily chart may be improving, but the weekly fast averages have not been reclaimed — the recovery is not yet confirmed on the higher timeframe.

Key Financials

Market Cap
$523.8M
Avg Volume (60D)
712.9K
60 sessions
Revenue Growth YoY
+21.7%
FY2025 vs FY2024
Gross Margin
+93.5%
Trailing twelve months
Operating Margin
+10.2%
Trailing twelve months
Free Cash Flow Yield
+31.2%
Distance from 200DMA
-21.3%
Next Earnings
2026-11-05
P/E
8.1x
EV / EBITDA
3.6x
EV / Sales
0.5x
Market metrics as of Sep 24, 2026
Financial results for the period ended Jun 30, 2026
Filed balance-sheet data as of Dec 31, 2021

Fundamentals & Valuation

All three valuation perspectives agree this company is cheap.
NerdWallet, Inc. has a Cheap valuation stance because current market expectations look undemanding relative to the cash the business actually produces.

Company Research

Thesis
NerdWallet is a consumer and SMB financial-product marketplace and guidance platform whose revenue is primarily tied to referral, lead-generation, partner monetization, and selected regulated brokerage/advisory services.
Opportunity
Moderate opportunity
Consumer and small-business financial institutions increasingly acquire customers through digital comparison, matching, lead-generation, and referral platforms that monetize completed applications, funded products, or qualified leads across insurance, deposits, cards, and lending.
Key risk
Dependence on third-party financial product providers for revenue.

Narrative & Theme

Digital Consumer Financial Services Distribution
Part of Performance-Based Financial Product Comparison Marketplaces, with moderate fit.
NRDS has real, direct exposure to a multi-company digital financial-product distribution ecosystem rather than merely to generic consumer fintech.
Narrative HeatNeutral5.9 / 10
This reading is no longer current (last measured 2026-08-14). It is kept until the next scheduled measurement replaces it.
Theme HeatNeutral6.7 / 10
This is the company’s own research reading. The canonical heat measurement for this story has not run.

Business & Markets

Communication Services · Internet Content & Information
What they do

NerdWallet, Inc. operates a digital platform that provides financial guidance and education to consumers and small to mid-sized businesses across the US, UK, Australia, and Canada through editorial content, tools, and research.

How it earns

The company generates revenue primarily through marketplace and referral services by connecting users with third-party financial product providers.

Products & services
Financial education content
Tools and calculators
Marketplace and referral services for credit cards, loans, insurance, and mortgages
Customers & end markets
Individual consumers
Small and mid-sized businesses
Market position

NerdWallet is a recognized player in the online personal finance guidance and comparison market, competing with other digital financial content and referral platforms.

Demand drivers
Medium cyclicality

Demand for financial products and guidance can fluctuate with economic conditions and consumer confidence.