NRDS
NerdWallet, Inc.

NerdWallet, Inc.NRDS

Communication Services · Internet Content & Information
7.89USD
-30.97%
Nov 09, 2026
NRDS overview ready
Consumer Financial-Product Comparison and Referral Marketplace Platform
NerdWallet is a consumer-finance guidance and marketplace platform that uses editorial content, calculators, product-comparison tools, prequalification flows, and selected brokerage/origination capabilities to connect consumers and SMBs with third-party financial products.
Primary theme is leading
Online Marketplaces & Lead Generation is leading (+12.9pp vs SPY over 21 sessions; 3 of 5 members ahead of SPY).
Price trend is broken
Longer-term context reads early recovery, with a near-term setup of failed reclaim.
The tactical setup reads failed reclaim, 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 Nov 6Filing Sep 30Price action Nov 8Research Oct 23

Conviction Level

PriceAction3.4BusinessPerformance5.0BusinessQuality7.9Valuation7.1ThemeMomentum9.0Mixed — Revenue growth has accelerated, rising from +5.6% to +11% year over year. Diluted EPS fell 32% year over year to $0.23. — From filed financial statements. Describes the recent trajectory of the business, not the stock. 20 of the 100 Conviction points.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
vs SPY
+12.9pp
Theme return
+7.9%
Beating SPY
3 of 5
21 sessions to Nov 6, 2026 · Theme Leadership V2
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads early recovery, with a near-term setup of failed reclaim.
The tactical setup reads failed reclaim, 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
$499.4M
Avg Volume (60D)
842.9K
60 sessions
Revenue Growth YoY
+21.7%
FY2025 vs FY2024
Gross Margin
+93.8%
Operating Margin
+8.3%
Trailing twelve months
Free Cash Flow Yield
+29.2%
Distance from 200DMA
-19.3%
P/E
9.3x
Market metrics as of Nov 6, 2026
Financial results for the period ended Sep 30, 2026
Filed balance-sheet data as of Sep 30, 2026

Business Performance

Mixed

Revenue growth has accelerated, rising from +5.6% to +11% year over year. Diluted EPS fell 32% year over year to $0.23.

Latest reported: Q3 FY2026, ended Sep 30
Revenue growthAccelerating
+11%
$240M in Q3 FY2026 · YoY
YoY growth, last 4 quarters
  1. +23%
  2. +6.2%
  3. +5.6%
  4. +11%
Earnings growthDeclining
-32%
Diluted EPS $0.23 vs $0.34 a year earlier · GAAP
Diluted EPS YoY (GAAP), last 4 quarters
  1. -63%
  2. n/a
  3. -36%
  4. -32%
Operating marginContracting
8.1%
-7.9 pp YoY

Business Quality

7.9 / 10

How well the business earns on its assets, converts earnings to cash and funds itself — read from its SEC filings.

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. It trades at a 29.2% free-cash-flow yield, which the underlying economics comfortably support.

What changed

  • NRDS fell 31.0% in one session
    NRDS closed -31.0% while the broad market was close to flat (+0.3%).
    2026-11-06

Company Research

Thesis
NerdWallet is a consumer-finance guidance and marketplace platform that uses editorial content, calculators, product-comparison tools, prequalification flows, and selected brokerage/origination capabilities to connect consumers and SMBs with third-party financial products.
Opportunity
Moderate opportunity
Digital platforms that acquire consumer financial-intent traffic, provide comparison or recommendation tools, and monetize connections to banks, insurers, lenders, and other financial-product providers through referral, lead-generation, brokerage, or related marketplace fees.
Key risk
Dependence on third-party financial product providers for revenue.

Economic classification

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Business & Markets

Communication Services · Internet Content & Information
What they do

NerdWallet operates a digital platform that provides financial guidance and tools to consumers and small to mid-sized businesses in the US, UK, Australia, and Canada, connecting them with third-party financial product providers through editorial content, calculators, and comparison tools.

How it earns

The company generates revenue primarily through referral and lead-generation fees from third-party financial product providers.

Products & services
Editorial content and financial education
Financial product comparison 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 leading consumer-finance guidance and marketplace platform in the digital financial services distribution space.

Demand drivers
Medium cyclicality

Demand for financial product comparisons and referrals can fluctuate with economic cycles and consumer credit conditions.