NASDAQ$NRDS
NerdWallet Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
NerdWallet's Q4 2023 financial performance reflected a revenue decrease of 6% year-over-year, alongside strategic improvements aimed at enhancing efficiency and operational effectiveness.
NerdWallet reported a Q4 revenue of $133.7 million, a 6% decrease year-over-year. The company focused on structural improvements to increase efficiency and improve operations. Despite not meeting revenue or adjusted EBITDA outlook for Q4, the full year revenue increased by 11% compared to the previous year.
- Q4 revenue was $133.7 million, a 6% decrease year-over-year.
- GAAP income from operations was $4.6 million for Q4.
- GAAP net loss was $2.3 million, or $0.03 loss per diluted share for Q4.
- Non-GAAP operating income was $12.6 million for Q4.
Headline financials
Revenue & EPS history
NerdWallet · Revenue · Quarterly
$134M
Revenue by segment
NerdWallet · $86.9M total across 2 segments · Q3 2023
- Credit cards$54M-5.9%62.1%
- Loans$32.9M+15.8%37.9%
Forward guidance
For the first quarter of 2024, NerdWallet expects revenue in the range of $155-$160 million, GAAP operating income in the range of $0-$3 million, Non-GAAP operating income in the range of $5-$8 million, and Adjusted EBITDA in the range of $21-$24 million.
Tailwinds
- Revenue is expected in the range of $155-$160 million for Q1 2024.
- GAAP operating income is expected in the range of $0-$3 million for Q1 2024.
- Non-GAAP operating income is expected in the range of $5-$8 million for Q1 2024.
- Adjusted EBITDA is expected in the range of $21-$24 million for Q1 2024.
- The company expects a 2024 annual GAAP operating income margin in the range of 3-4.5%.
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 2023
+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
| Quarter | Report date | Reaction (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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