Fourth Quarter Revenue of $183.8 million, Up
37% Year-Over-Year
FINANCIAL HIGHLIGHTS
- Revenue of $183.8 million for Q4’24 and $687.6 million for full
year 2024
- GAAP income from operations of $8.7 million for Q4’24 and $9.4
million for full year 2024
- GAAP net income of $38.6 million or $0.51 income per diluted
share for Q4’24 and $30.4 million or $0.38 income per diluted share
for full year 2024
- Non-GAAP operating income of $16.8 million for Q4’24 and $47.6
million for full year 2024
- Adjusted EBITDA of $30.8 million for Q4’24 and $107.9 million
for full year 2024
NerdWallet, Inc. (Nasdaq: NRDS), which provides trustworthy
financial guidance to consumers and small and mid-sized businesses
(SMBs), today reported financial results for its fourth quarter
ended December 31, 2024.
“We closed 2024 strong, exceeding our expectations and growing
revenue to $183.8 million, up 37% year-over-year, driven by
continued consumer and partner demand in Insurance and a solid
performance in banking,” said Tim Chen, Co-Founder and Chief
Executive Officer of NerdWallet. “While a rising long-term rate
environment created headwinds in our lending business, we remain
focused on growing cycle-to-cycle and are making strategic
investments to drive direct, engaged relationships with consumers
to make progress toward our vision in 2025.”
The Company also announced the appointment of John H. Lee as
Chief Financial Officer, effective March 17. In this position, Lee
will oversee finance functions and lead strategic initiatives in
support of the company’s vision and growth goals. Lee joins
NerdWallet from Divvy Homes, where he served as Chief Financial
Officer and Chief Operating Officer. Earlier in his career, Lee
held roles at Blackstone, where he was a managing director in the
private equity group, and TPG Capital.
“I am thrilled to welcome John to NerdWallet,” said Chen. “I
believe his expertise and leadership will help us take the next
step in our growth journey as we invest in new Vertical Integration
and re-engagement strategies to help more people in more ways.”
“NerdWallet has built a trusted brand by empowering consumers
with the tools and insights they need to make confident financial
decisions,” said Lee. “I’m excited to join this incredible team at
this pivotal time, and I look forward to helping drive sustainable
growth, financial discipline, and long-term value for our users and
shareholders.”
FOURTH QUARTER 2024 HIGHLIGHTS
- Insurance revenue, previously included in Emerging verticals,
of $72.0 million increased 821% year-over-year, driven by strong
growth in auto insurance products as carriers expanded
budgets.
- Credit cards revenue of $35.0 million decreased 19%
year-over-year, primarily due to continued headwinds in organic
search traffic that have persisted for multiple quarters.
- SMB products revenue of $25.5 million was down 7%
year-over-year, primarily driven by a decrease in business loan
originations.
- Loans revenue of $17.6 million was down 26% year-over-year,
primarily due to a decrease in personal loans and a rising rate
environment, partially offset by an increase in mortgage loans as
we incorporate our recent acquisition of Next Door Lending.
- Emerging verticals revenue of $33.7 million was up 7%
year-over-year, as growth in banking and other products was
partially offset by a decrease in investing products.
- We had 19 million average Monthly Unique Users (MUUs), which
was down 20% year-over-year; as anticipated, traffic headwinds
worsened in Q4 in non-monetizing “learn” topics but largely did not
affect our product marketplaces or other channels. We expect
eventual stabilization and a return to growth by early 2026, but in
the near term, we anticipate the year-over-year decline getting
slightly worse in Q1.
SUMMARY FINANCIAL RESULTS
Quarter Ended
%
Change
Quarter Ended
%
Change
Dec 31,
Dec 31,
Sep 30,
(in millions, except per share
amounts)
2024
2023
YoY
2024
QoQ
Revenue
$
183.8
$
133.7
37
%
$
191.3
(4
%)
Insurance(1)
72.0
7.8
821
%
68.7
5
%
Credit cards(2)
35.0
43.2
(19
%)
45.3
(23
%)
SMB products(3)
25.5
27.6
(7
%)
27.8
(8
%)
Loans(4)
17.6
23.6
(26
%)
23.8
(26
%)
Emerging verticals(5)
33.7
31.5
7
%
25.7
32
%
Income from operations
$
8.7
$
4.6
89
%
$
6.6
32
%
Net income (loss)
$
38.6
$
(2.3
)
NM
$
0.1
NM
Net income (loss) per share
Basic
$
0.52
$
(0.03
)
NM
$
0.00
NM
Diluted
$
0.51
$
(0.03
)
NM
$
0.00
NM
Non-GAAP financial measures(6)
Non-GAAP operating income
$
16.8
$
12.6
35
%
$
22.9
(26
%)
Adjusted EBITDA
$
30.8
$
29.3
5
%
$
37.3
(18
%)
Cash and cash equivalents
$
66.3
$
100.4
(34
%)
$
71.7
(8
%)
Average Monthly Unique Users(7)
19
24
(20
%)
22
(12
%)
______________
(1)
Insurance revenue consists of
revenue from consumer insurance products, including auto, life and
pet insurance.
(2)
Credit cards revenue consists of
revenue from consumer credit cards.
(3)
SMB products revenue includes
revenue from loans, credit cards and other financial products and
services intended for small and mid-sized businesses.
(4)
Loans revenue includes revenue
from personal loans, mortgages, student loans and auto loans.
(5)
Emerging verticals revenue
includes revenue from other product sources, including banking,
investing and international.
(6)
Non-GAAP operating income (loss)
and adjusted EBITDA are non-GAAP measures. See “Non-GAAP Financial
Measures” for more information.
(7)
We define a Monthly Unique User
as a unique user with at least one session in a given month as
determined by unique device identifiers.
Effective with the fourth quarter of 2024, we present Insurance
revenue (previously included in Emerging verticals) as a separate
revenue product category. The following table provides our
historical revenue by product category:
Quarter Ended
(in millions)
Dec 31, 2024
Sep 30, 2024
Jun 30, 2024
Mar 31, 2024
Dec 31, 2023
Sep 30, 2023
Jun 30, 2023
Mar 31, 2023
Insurance
$
72.0
$
68.7
$
29.5
$
21.4
$
7.8
$
6.8
$
9.9
$
20.5
Credit cards
35.0
45.3
46.1
50.0
43.2
54.0
51.2
61.3
SMB products
25.5
27.8
26.1
30.4
27.6
24.7
23.7
25.2
Loans
17.6
23.8
21.7
21.4
23.6
32.9
23.1
22.0
Emerging verticals
33.7
25.7
27.2
38.7
31.5
34.4
35.4
40.6
Total revenue
$
183.8
$
191.3
$
150.6
$
161.9
$
133.7
$
152.8
$
143.3
$
169.6
QUARTERLY CONFERENCE CALL
A conference call to discuss NerdWallet’s fourth quarter 2024
financial results will be webcast live today, February 19, 2025 at
1:30 PM Pacific Time (PT). The live webcast is open to the public
and will be available on NerdWallet’s investor relations website at
https://investors.nerdwallet.com. Following completion of the call,
a recorded replay of the webcast will be available on NerdWallet’s
investor relations website.
SHAREHOLDER LETTER
A shareholder letter providing additional information and
analysis can be found at NerdWallet’s investor relations website at
https://investors.nerdwallet.com.
ABOUT NERDWALLET
NerdWallet (Nasdaq: NRDS) is on a mission to provide clarity for
all of life’s financial decisions. As a personal finance website
and app, NerdWallet provides consumers with trustworthy and
knowledgeable financial information so they can make smart money
moves. From finding the best credit card to buying a house,
NerdWallet is there to help consumers make financial decisions with
confidence. Consumers have free access to our expert content and
comparison shopping marketplaces, plus a data-driven app, which
helps them stay on top of their finances and save time and money,
giving them the freedom to do more. NerdWallet is available for
consumers in the U.S., United Kingdom, Canada and Australia.
“NerdWallet” is a trademark of NerdWallet, Inc. All rights
reserved. Other names and trademarks used herein may be trademarks
of their respective owners.
CONDENSED CONSOLIDATED STATEMENTS OF
OPERATIONS
Unaudited
Three Months Ended
December 31,
% Change
Year Ended December
31,
% Change
(in millions, except per share
amounts)
2024
2023
2024
2023
Revenue
$
183.8
$
133.7
37
%
$
687.6
$
599.4
15
%
Costs and Expenses:
Cost of revenue
16.7
13.8
20
%
63.5
54.0
17
%
Research and development
16.1
20.3
(20
%)
82.5
80.5
3
%
Sales and marketing
128.5
80.4
60
%
470.6
401.5
17
%
General and administrative
13.8
14.6
(6
%)
61.6
59.8
3
%
Total costs and expenses
175.1
129.1
36
%
678.2
595.8
14
%
Income From Operations
8.7
4.6
89
%
9.4
3.6
161
%
Other income (expense), net:
Interest income
0.6
0.9
(36
%)
4.8
3.6
33
%
Interest expense
(0.2
)
(0.2
)
(1
%)
(0.7
)
(0.8
)
(8
%)
Other losses, net
(8.4
)
—
NM
(8.5
)
(0.1
)
NM
Total other income (expense), net
(8.0
)
0.7
NM
(4.4
)
2.7
NM
Income before income taxes
0.7
5.3
(87
%)
5.0
6.3
(21
%)
Income tax provision (benefit)
(37.9
)
7.6
NM
(25.4
)
18.1
NM
Net Income (Loss)
$
38.6
$
(2.3
)
NM
$
30.4
$
(11.8
)
NM
Net Income (Loss) Per Share
Attributable to Common Stockholders
Basic
$
0.52
$
(0.03
)
NM
$
0.40
$
(0.15
)
NM
Diluted
$
0.51
$
(0.03
)
NM
$
0.38
$
(0.15
)
NM
Weighted-average Shares Used in
Computing Net Income (Loss) Per Share Attributable to Common
Stockholders
Basic
73.7
76.5
76.5
76.7
Diluted
75.6
76.5
78.9
76.7
CONDENSED CONSOLIDATED BALANCE
SHEETS
Unaudited
(in millions)
December 31,
2024
December 31,
2023
Assets
Current assets:
Cash and cash equivalents
$
66.3
$
100.4
Accounts receivable—net
102.2
75.5
Prepaid expenses and other current
assets
28.2
22.5
Total current assets
196.7
198.4
Property, equipment and software—net
43.0
52.6
Goodwill
112.4
111.5
Intangible assets—net
33.3
46.9
Deferred tax asset—noncurrent
45.6
—
Right-of-use assets
5.3
7.2
Other assets
1.3
2.0
Total Assets
$
437.6
$
418.6
Liabilities and Stockholders’
Equity
Current liabilities:
Accounts payable
$
8.9
$
1.7
Accrued expenses and other current
liabilities
51.2
35.6
Total current liabilities
60.1
37.3
Other liabilities—noncurrent
13.3
14.4
Total liabilities
73.4
51.7
Commitments and contingencies
Stockholders’ equity
364.2
366.9
Total Liabilities and Stockholders’
Equity
$
437.6
$
418.6
CONDENSED CONSOLIDATED STATEMENTS OF
CASH FLOWS
Unaudited
Year Ended December
31,
(in millions)
2024
2023
Operating Activities:
Net income (loss)
$
30.4
$
(11.8
)
Adjustments to reconcile net income (loss)
to net cash provided by operating activities:
Depreciation and amortization
48.4
48.2
Stock-based compensation
37.7
38.8
Deferred taxes
(46.1
)
(0.5
)
Non-cash lease costs
2.2
2.8
Other losses, net
8.6
2.9
Changes in operating assets and
liabilities, net of business combination:
Accounts receivable
(27.0
)
10.7
Prepaid expenses and other assets
(1.8
)
(4.4
)
Mortgage loans held for sale
2.1
—
Accounts payable
6.6
(1.8
)
Accrued expenses and other current
liabilities
12.5
(2.4
)
Payment of contingent consideration
—
(14.0
)
Operating lease liabilities
(3.4
)
(3.1
)
Other liabilities
1.6
6.7
Net cash provided by operating
activities
71.8
72.1
Investing Activities:
Purchase of investment
(8.1
)
—
Capitalized software development costs
(20.7
)
(28.8
)
Purchase of property and equipment
(0.6
)
(0.7
)
Business combination, net of cash
acquired
(0.3
)
—
Net cash used in investing activities
(29.7
)
(29.5
)
Financing Activities:
Payment of contingent consideration
—
(16.9
)
Net repayment on warehouse line of
credit
(2.0
)
—
Proceeds from line of credit
—
7.5
Payments on line of credit
—
(7.5
)
Payment of debt issuance costs
—
(1.4
)
Proceeds from exercise of stock
options
6.3
10.2
Issuance of Class A common stock under
Employee Stock Purchase Plan
1.4
3.0
Tax payments related to net-share
settlements on restricted stock units
(2.1
)
(1.1
)
Repurchase of Class A common stock
(80.1
)
(20.0
)
Net cash used in financing activities
(76.5
)
(26.2
)
Effect of exchange rate changes on cash
and cash equivalents
0.3
0.1
Net increase (decrease) in cash and
cash equivalents
(34.1
)
16.5
Cash and Cash Equivalents:
Beginning of period
100.4
83.9
End of period
$
66.3
$
100.4
NON-GAAP FINANCIAL MEASURES
We use non-GAAP operating income (loss), adjusted EBITDA and
free cash flow in conjunction with GAAP measures as part of our
overall assessment of our performance, including the preparation of
our annual operating budget and quarterly forecasts, to evaluate
the effectiveness of our business strategies, and to communicate
with our Board of Directors concerning our financial
performance.
Non-GAAP operating income (loss): We define non-GAAP
operating income (loss) as income (loss) from operations adjusted
to exclude depreciation and amortization, and further exclude (1)
impairment of right-of-use asset, (2) losses (gains) on disposals
of assets, (3) change in fair value of contingent consideration
related to earnouts, (4) deferred compensation related to earnouts,
(5) acquisition-related costs, and (6) restructuring charges. We
also reduce income from operations, or increase loss from
operations, for capitalized internally developed software
costs.
Adjusted EBITDA: We define adjusted EBITDA as net income
(loss) from continuing operations adjusted to exclude depreciation
and amortization, interest income (expense), net, other gains
(losses), net, and provision (benefit) for income taxes, and
further exclude (1) impairment of right-of-use asset, (2) losses
(gains) on disposals of assets, (3) change in fair value of
contingent consideration related to earnouts, (4) deferred
compensation related to earnouts, (5) stock-based compensation, (6)
acquisition-related costs, and (7) restructuring charges.
The above items are excluded from our non-GAAP operating income
(loss) and adjusted EBITDA measures because these items are
non-cash in nature, or because the amounts are not driven by core
operating results and renders comparisons with prior periods less
meaningful. We deduct capitalized internally developed software
costs in our non-GAAP operating income (loss) measure to reflect
the cash impact of personnel costs incurred within the time
period.
We believe that non-GAAP operating income (loss) and adjusted
EBITDA provide useful information to investors and others in
understanding and evaluating our operating results and in comparing
operating results across periods. Moreover, non-GAAP operating
income (loss) and adjusted EBITDA are key measurements used by our
management internally to make operating decisions, including those
related to analyzing operating expenses, evaluating performance,
and performing strategic planning and annual budgeting. However,
the use of these non-GAAP measures have certain limitations because
they do not reflect all items of income and expense that affect our
operations. Non-GAAP operating income (loss) and adjusted EBITDA
have limitations as financial measures, should be considered as
supplemental in nature, and are not meant as substitutes for the
related financial information prepared in accordance with GAAP.
These limitations include the following:
- Non-GAAP operating income (loss) and adjusted EBITDA exclude
certain recurring, non-cash charges, such as amortization of
software, depreciation of property and equipment, amortization of
intangible assets, impairment of right-of-use asset, and (losses)
gains on disposals of assets. Although these are non-cash charges,
the assets being depreciated and amortized may have to be replaced
in the future, and non-GAAP operating income (loss) and adjusted
EBITDA do not reflect all cash requirements for such replacements
or for new capital expenditure requirements;
- Non-GAAP operating income (loss) and adjusted EBITDA exclude
acquisition-related costs, including acquisition-related retention
compensation under compensatory retention agreements with certain
key employees, acquisition-related transaction expenses, contingent
consideration fair value adjustments related to earnouts, and
deferred compensation related to earnouts;
- Non-GAAP operating income (loss) and adjusted EBITDA exclude
restructuring charges primarily consisting of severance payments,
stock-based compensation, employee benefits, and related expenses
for impacted employees, as well as contract termination costs,
associated with our Restructuring Plan;
- Adjusted EBITDA excludes stock-based compensation, including
for acquisition-related inducement awards, which has been, and will
continue to be for the foreseeable future, a significant recurring
expense in our business and an important part of our compensation
strategy; and
- Adjusted EBITDA does not reflect interest income (expense) and
other gains (losses), net, which include unrealized and realized
gains and losses on foreign currency exchange, as well as certain
nonrecurring gains (losses).
Free cash flow: We define free cash flow as net cash
provided by operating activities less capitalized software
development costs and purchases of property and equipment. Free
cash flow is a key measurement used by our management internally to
evaluate our business performance and overall liquidity. We believe
that free cash flow provides useful information for investors and
others for determining the amount of cash available for investment
in our business, strategic opportunities, repurchasing stock,
strengthening our financial position and other purposes, as well as
evaluating our historical and prospective liquidity. A limitation
of the utility of free cash flow as a measure of financial
performance and liquidity is that free cash flow does not represent
the total increase or decrease in our cash balance for the
period.
In addition, non-GAAP operating income (loss), adjusted EBITDA
and free cash flow as we define them may not be comparable to
similarly titled measures used by other companies. Because of these
limitations, you should consider non-GAAP operating income (loss),
adjusted EBITDA and free cash flow alongside other financial
performance measures, including income (loss) from operations, net
income (loss), cash flows from operating activities and our other
GAAP results.
We compensate for these limitations by reconciling non-GAAP
operating income (loss) to income (loss) from operations, adjusted
EBITDA to net income (loss) and free cash flow to net cash provided
by operating activities the most directly comparable GAAP financial
measures, as follows:
Three Months Ended
December 31,
% Change
Year Ended December
31,
% Change
(in millions)
2024
2023
2024
2023
Income from operations
$
8.7
$
4.6
89
%
$
9.4
$
3.6
161
%
Depreciation and amortization
11.4
12.2
(6
%)
48.4
48.2
0
%
Acquisition-related retention
0.9
1.3
(33
%)
4.2
5.3
(21
%)
Impairment of right-of-use asset
—
1.4
(100
%)
—
1.4
(100
%)
Loss on disposal of assets
—
0.2
(99
%)
—
0.2
(90
%)
Acquisition-related expenses
—
0.1
NM
0.6
0.1
292
%
Restructuring
1.2
—
NM
9.0
—
NM
Capitalized internally developed software
costs
(5.4
)
(7.2
)
(26
%)
(24.0
)
(32.4
)
(26
%)
Non-GAAP operating income
$
16.8
$
12.6
35
%
$
47.6
$
26.4
80
%
Operating income margin
5
%
3
%
1
%
1
%
Non-GAAP operating income margin1
9
%
9
%
7
%
4
%
Net income (loss)
$
38.6
$
(2.3
)
NM
$
30.4
$
(11.8
)
NM
Depreciation and amortization
11.4
12.2
(6
%)
48.4
48.2
0
%
Stock-based compensation
8.6
9.5
(10
%)
36.3
38.8
(7
%)
Acquisition-related retention
0.9
1.3
(33
%)
4.2
5.3
(21
%)
Impairment of right-of-use asset
—
1.4
(100
%)
—
1.4
(100
%)
Loss on disposal of assets
—
0.2
(99
%)
—
0.2
(90
%)
Acquisition-related expenses
—
0.1
NM
0.6
0.1
292
%
Restructuring
1.2
—
NM
9.0
—
NM
Interest income, net
(0.4
)
(0.7
)
(44
%)
(4.1
)
(2.8
)
44
%
Other losses, net
8.4
—
NM
8.5
0.1
NM
Income tax provision (benefit)
(37.9
)
7.6
NM
(25.4
)
18.1
NM
Adjusted EBITDA
$
30.8
$
29.3
5
%
$
107.9
$
97.6
10
%
Stock-based compensation
(8.6
)
(9.5
)
(10
%)
(36.3
)
(38.8
)
(7
%)
Capitalized internally developed software
costs
(5.4
)
(7.2
)
(26
%)
(24.0
)
(32.4
)
(26
%)
Non-GAAP operating income
$
16.8
$
12.6
35
%
$
47.6
$
26.4
80
%
Net income (loss) margin
21
%
(2
%)
4
%
(2
%)
Adjusted EBITDA margin2
17
%
22
%
16
%
16
%
______________
(1)
Represents non-GAAP operating
income (loss) as a percentage of revenue.
(2)
Represents adjusted EBITDA as a
percentage of revenue.
Year Ended December
31,
% Change
(in millions)
2024
2023
Net cash provided by operating
activities
$
71.8
$
72.1
0
%
Capitalized software development costs
(20.7
)
(28.8
)
(28
%)
Purchase of property and equipment
(0.6
)
(0.7
)
(15
%)
Free cash flow
$
50.5
$
42.6
19
%
FINANCIAL OUTLOOK
We are providing guidance for the first quarter of 2025:
- Revenue is expected in the range of $187-$193 million, up 17%
year-over-year at the midpoint
- GAAP operating loss is expected in the range of $(12)-$(8)
million
- Non-GAAP operating income (loss) is expected in the range of
$(3)-$0 million
- Adjusted EBITDA is expected in the range of $10-$13
million
We expect 2025 annual GAAP operating income in the range of
$21-$31 million and non-GAAP operating income in the range of
$50-$60 million. We also expect 2025 annual adjusted EBITDA in the
range of $106-$116 million.
We are also replacing our previously shared 2026 margin
percentage target with a margin dollar target. We expect to deliver
at least $60 million of GAAP operating income, $80 million of
non-GAAP operating income and $140 million of adjusted EBITDA in
2026.
NerdWallet has not provided a quantitative reconciliation of
forecasted GAAP net income (loss) to forecasted adjusted EBITDA
within this communication because the Company is unable, without
making unreasonable efforts, to calculate certain reconciling items
with confidence. These items include, but are not limited to,
income taxes which are directly impacted by unpredictable
fluctuations in the market price of the Company’s capital stock.
These items, which could materially affect the computation of
forward-looking GAAP net income (loss), are inherently uncertain
and depend on various factors, many of which are outside of
NerdWallet’s control.
A reconciliation of forecasted GAAP operating loss to forecasted
non-GAAP operating income (loss) for forecasted first quarter 2025,
and of forecasted GAAP operating income to forecasted non-GAAP
operating income for forecasted full year 2025 and 2026, is as
follows:
Forecasted
First Quarter
2025
Forecasted
Full Year
2025
Forecasted
Full Year
2026
(in millions)
Operating Income
(Loss)
Operating Income
Operating Income
GAAP
$(12) - $(8)
$21 - $31
$60
Estimated adjustments for:
Depreciation and amortization
12 - 13
47 - 51
42 - 46
Acquisition-related retention
1
2
—
Capitalized internally developed software
costs
(5)
(20) - (24)
(22) - (26)
Non-GAAP
$(3) - $0
$50 - $60
$80
______________
For more information regarding the non-GAAP financial measures
discussed in this communication, please see “Non-GAAP Financial
Measures” above.
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements about us
and our industry that involve significant risks and uncertainties.
Except for statements of historical facts, all statements contained
in this press release are forward-looking, including, but not
limited to, the statements in the section titled “Financial
Outlook.” These statements often contain words such as
“anticipate,” “believe,” “contemplate,” “continue,” “could,”
“estimate,” “expect,” “forecast,” “intend,” “may,” “outlook,”
“plan,” “potential,” “predict,” “project,” “should,” “target,”
“will” or “would” or similar terms, including their negatives.
These forward-looking statements include, but are not limited to,
statements regarding:
- the impact of macroeconomic developments, including inflation,
interest rates, credit market conditions and overall economic
uncertainty on our business, operating results, financial condition
and stock price;
- our expectations regarding our future financial and operational
performance, including total revenue, cost of revenue, non-GAAP
operating income (loss), adjusted EBITDA, free cash flow and
MUUs;
- our ability to grow traffic and user engagement on our
platform;
- expected returns on marketing investments and brand
campaigns;
- consumer demand for the products on our platform;
- our ability to increase user registrations and improve repeat
usage rates;
- conversion of consumers into matches with financial services
partners;
- expansion within existing and new verticals;
- geographic expansion;
- maintaining and expanding relationships with financial services
partners and identifying new financial services partners;
- developing efficient and scalable technical capabilities to
provide personalized guidance and engage users;
- enhancing our brand awareness and consumer trust;
- producing high quality, engaging consumer resources;
- adapting to the evolving financial interests of consumers;
- competing effectively in existing and new markets;
- maintaining the security and availability of our platform;
- protecting and enhancing our intellectual property
portfolio;
- attracting and retaining highly skilled, diverse talent;
- complying with laws and regulations that currently apply or may
apply in the future to our business;
- the adequacy of our cash, cash equivalents, and investments to
meet liquidity needs;
- managing growth, scaling infrastructure and preserving our
corporate culture;
- identifying, executing, and integrating acquisitions
successfully; and
- achieving expected synergies, accretive value and other
benefits from completed acquisitions;
These forward-looking statements should not be relied upon as
predictions or guarantees of future events. They are based on our
current expectations, estimates, and projections regarding future
events and trends that may affect our business, financial condition
and operating results. However, these expectations are subject to
various risks, uncertainties , and assumptions, including those
described in filings we make with the SEC from time to time.
Our industry is highly competitive and rapidly evolving, and new
risks and uncertainties may arise that we cannot predict. As a
result, actual results, events, or circumstances may differ
materially from those reflected in our forward-looking
statements.
The forward-looking statements made in this press release speak
only as of the date hereof. We undertake no obligation to update
any such statements made in this press release to reflect
subsequent events, new information, unexpected developments, except
as required by law. These statements also do not account for
potential impacts from future acquisitions, mergers, dispositions,
joint ventures, or investments.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20250219350342/en/
Investor Relations: Caitlin MacNamee ir@nerdwallet.com
Media Relations: Maitri Jani press@nerdwallet.com
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