NASDAQ$NRDS
NerdWallet Inc · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
NerdWallet reported strong fourth quarter 2024 results, exceeding expectations with significant revenue growth driven by insurance and banking, while also announcing a new Chief Financial Officer.
NerdWallet closed 2024 strong, with fourth quarter revenue reaching $183.8 million, a 37% increase year-over-year. This growth was primarily fueled by strong consumer and partner demand in the Insurance and Banking sectors. The company also announced the appointment of John H. Lee as Chief Financial Officer, effective March 17, 2025.
- Fourth quarter 2024 revenue increased by 37% year-over-year to $183.8 million.
- GAAP net income for Q4'24 was $38.6 million, or $0.51 per diluted share.
- Adjusted EBITDA for Q4'24 was $30.8 million, up 5% year-over-year.
- John H. Lee was appointed as the new Chief Financial Officer, effective March 17, 2025.
Headline financials
Revenue & EPS history
NerdWallet · Revenue · Quarterly
$184M
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 2025, NerdWallet expects revenue between $187 million and $193 million, representing a 17% year-over-year increase at the midpoint. The company also provided full-year 2025 and 2026 guidance, anticipating continued growth in operating income and adjusted EBITDA.
Tailwinds
- Q1 2025 revenue expected to be $187-$193 million, up 17% year-over-year at the midpoint.
- FY 2025 GAAP operating income expected to be $21-$31 million.
- FY 2025 non-GAAP operating income expected to be $50-$60 million.
- FY 2025 adjusted EBITDA expected to be $106-$116 million.
- FY 2026 targets include at least $60 million GAAP operating income, $80 million non-GAAP operating income, and $140 million adjusted EBITDA.
Headwinds
- Q1 2025 GAAP operating loss expected to be $(12)-$(8) million.
- Q1 2025 non-GAAP operating income (loss) expected to be $(3)-$0 million.
- Q1 2025 adjusted EBITDA expected to be $10-$13 million.
- Traffic headwinds in non-monetizing 'learn' topics are anticipated to worsen slightly in Q1 before eventual stabilization and return to growth by early 2026.
- The company is unable to provide a quantitative reconciliation of forecasted GAAP net income (loss) to adjusted EBITDA due to unpredictable fluctuations in income taxes and other factors outside its control.
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 2024
+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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