NASDAQ$NRDS

NerdWallet Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

NerdWallet reported strong revenue growth driven by recovery in consumer demand and partner marketing spend.

NerdWallet reported Q4 2021 revenue of $99.5 million, a 75% increase year-over-year. The company's net loss for the quarter was $7.9 million, or $0.13 loss per diluted share, and adjusted EBITDA was $13.5 million.

  • Revenue for Q4 2021 reached $99.5 million, up 75% year-over-year.
  • GAAP net loss for Q4 2021 was $7.9 million, with a loss of $0.13 per diluted share.
  • Adjusted EBITDA for Q4 2021 was $13.5 million.
  • Average monthly unique users (MUUs) reached 18 million, a 22% increase year-over-year.

Headline financials

Total Revenue

$99.5M

Previous: $245M-59.4%
EPS (adj)

-$0.13

Previous: $0.24-154.2%
Capital Expenditures

$1.6M

Previous: $1.3M+23.1%
Free Cash Flow

$7.1M

Previous: $14.1M-49.6%
Net Income

-$7.9M

Previous: -$3.4M-132.4%
Operating Income

-$9.4M

Previous: -$5.2M-80.8%
Gross Profit

$92.3M

Previous: $50.9M+81.3%
Cash & Equivalents

$168M

Previous: $83.4M+101.2%
Total Assets

$364M

Previous: $255M+42.7%
Stock-Based Comp

$7.1M

Previous: $6.4M+10.9%

Revenue & EPS history

NerdWallet · Revenue · Quarterly

$99.5M

Q4 2021-59.4%vs Q4 2020
Beat estimate in 7 of 8 quarters(88%)
ActualEstimate

Revenue by segment

NerdWallet · $64.5M total across 2 segments · Q4 2021

  • Credit cards
    $34.9M+109.0%
  • Loans
    $29.6M+46.5%

Forward guidance

NerdWallet provided guidance for the first quarter of 2022, expecting revenue in the range of $122 - $125 million and Adjusted EBITDA in the range of $3 - $6 million.

Tailwinds

  • Revenue is expected in the range of $122 - $125 million.
  • Represents a 37% year-over-year growth rate at midpoint.
  • Adjusted EBITDA is expected in the range of $3 - $6 million.
  • Brand investments will create variability in our quarterly margins.
  • Expect year-over-year accretion in our 2022 annual Adjusted EBITDA margin.

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 Q4 2021

Historical avgQ4 2021

+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

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro