The stock may react positively to the strong revenue growth and share buyback announcement, but traders should monitor the sustainability of growth in loans and emerging verticals while watching for continued pressure in credit cards and SMB segments. The significant decline in net income despite revenue growth warrants caution.
Price Chart
Executive Summary
NerdWallet reported strong Q4 and full-year 2025 results with revenue of $225.4 million (up 23% YoY) and full-year revenue of $836.6 million (up 22% YoY). The company also announced a $100 million increase to its share repurchase program, bringing the total authorization to $225 million. Despite revenue growth, net income declined significantly year-over-year due to organic search headwinds affecting credit card and SMB products.
Key Financial Metrics
Key Facts
- Q4 revenue: $225.4 million, up 23% year-over-year
- Full-year 2025 revenue: $836.6 million, up 22% year-over-year
- Q4 GAAP net income: $14.0 million, down 64% year-over-year
- Loans revenue grew 141% year-over-year, emerging verticals up 57%
- Credit cards revenue down 24% year-over-year, SMB products down 12%
- Company increased share repurchase authorization by $100 million to $225 million total
- Guidance for Q1 2026: revenue expected $224-$232 million (9% YoY growth at midpoint)
Financial Impact
Revenue growth of 22-23% YoY with significant segment divergence - strong growth in loans (141%) and emerging verticals (57%) offset by declines in credit cards (24%) and SMB (12%)
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Insurance | $81.2M | +13.0% |
| Credit cards | $26.5M | -24.0% |
| SMB products | $22.5M | -12.0% |
| Loans | $42.3M | +141.0% |
| Emerging verticals | $52.9M | +57.0% |
Risk Factors
- Continued headwinds in organic search traffic affecting core credit card and SMB products
- Declining net income despite revenue growth suggests margin pressures
- Over-reliance on personal loans and banking segments for growth
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001625278-26-000012 |
| Document: nrds-20260225.htm | 0001625278-26-000012 |
| Document: 0001625278-26-000012-index-headers.html | 0001625278-26-000012 |
| Document: 0001625278-26-000012-index.html | 0001625278-26-000012 |
| Document: 0001625278-26-000012.txt | 0001625278-26-000012 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 11, 2026 19w ago | Institutional Cluster | $8.38 $9.62 | ▲ +14.80% | ▲ +12.91% | $10.60 (+26.49%) |
Feb 25, 2026 34w ago | 8-K | $11.07 $10.53 | ▼ −4.88% | ▲ +1.54% | $10.60 (−4.25%) |
US Market Status
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