NASDAQ$NRDS

NerdWallet Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

NerdWallet reported Q1 2022 results with revenue up 43% year-over-year.

NerdWallet's Q1 2022 revenue reached $129.1 million, a 43% increase year-over-year. The company reported a GAAP net loss of $10.5 million, or $0.16 loss per diluted share, and an Adjusted EBITDA of $8.9 million.

  • Revenue of $129.1 million, up 43% year-over-year.
  • GAAP net loss of $10.5 million and $0.16 loss per diluted share.
  • Adjusted EBITDA of $8.9 million.
  • Record number of registrations to the platform and all-time high aided brand awareness and brand preference metrics were achieved.

Headline financials

Total Revenue

$129M

Previous: $90M+43.4%
EPS (adj)

-$0.16

Previous: -$0.27+40.7%
Capital Expenditures

-$1.9M

Previous: $200K-1050.0%
Free Cash Flow

-$12.4M

Previous: -$3.8M-226.3%
Net Income

-$10.5M

Previous: -$12.9M+18.6%
Operating Income

-$9.1M

Previous: -$13.2M+31.1%
Gross Profit

$121M

Previous: $83.5M+45.4%
Cash & Equivalents

$162M

Previous: $60.6M+166.7%
Total Assets

$376M

No prior period
Stock-Based Comp

$6.5M

Previous: $2.3M+182.6%

Revenue & EPS history

NerdWallet · Revenue · Quarterly

$129M

Q1 2022+43.4%vs Q1 2021
Beat estimate in 7 of 8 quarters(88%)
ActualEstimate

Revenue by segment

NerdWallet · $79.5M total across 2 segments · Q1 2022

  • Credit cards
    $45.2M+97.4%
  • Loans
    $34.3M+6.2%

Forward guidance

NerdWallet provided guidance for the second quarter of 2022, expecting revenue in the range of $118 - $121 million, representing a 30% year-over-year growth rate at the midpoint, and Adjusted EBITDA in the range of $8 - $10 million.

Tailwinds

  • Revenue is expected in the range of $118 - $121 million.
  • 30% year-over-year growth rate at midpoint is expected.
  • Adjusted EBITDA is expected in the range of $8 - $10 million.
  • Brand investments will create variability in our quarterly margins.
  • Year-over-year accretion in our 2022 annual Adjusted EBITDA margin is expected.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+6.0%

Avg return

Earnings day

+4.1%

Avg return

5 days after

+4.8%

Avg return

30 days after

55%

12 / 22 earnings

Positive

+43.5%

Q3 2023

Best reaction

-28.6%

Q1 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.8%-22.8%-26.8%
Q4 2025+7.5%+11.2%-3.1%
Q3 2025-2.0%+1.5%+26.7%
Q1 2025+29.2%+40.1%+31.8%
Q4 2024-18.6%-25.0%-34.8%
Q3 2024+30.1%+25.3%+22.9%
Q2 2024-27.8%-31.8%-18.4%
Q1 2024-6.3%-8.6%-0.2%
Q4 2023+4.1%+8.0%-2.4%
Q3 2023+43.5%+65.6%+70.7%
Q2 2023-8.1%-10.1%-13.9%
Q1 2023-28.6%-33.6%-29.5%
Q4 2022+27.3%+24.0%+18.9%
Q3 2021+27.7%+26.0%+20.1%
Q3 2022+27.7%+26.0%+20.1%
Q2 2021+11.2%+12.9%+10.7%
Q2 2022+6.3%+9.3%+9.9%
Q1 2022-1.0%-20.8%+17.3%
Q1 2021-1.0%-20.8%+17.3%
Q4 2019-2.2%+3.3%-23.7%
Q4 2020-2.2%+3.3%-23.7%
Q4 2021+13.1%+6.3%+16.8%
Q3 2020
Q2 2020
Q1 2020

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