NerdWallet Inc. Class A Common Stock (NRDS)

FairStock Score: 62/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a value investor, I start with the numbers. NerdWallet operates a digital financial-guidance marketplace, mostly matching consumers and small businesses with financial providers. In fiscal 2025, the year ended 2025-12-31, revenue was $836.6M and net income was $48.7M, or diluted EPS of $0.64. That followed fiscal 2024, the year ended 2024-12-31, with revenue of $687.6M, net income of $30.4M, and diluted EPS of $0.38, and fiscal 2023, the year ended 2023-12-31, with a net loss of $11.8M, or diluted EPS of -$0.15. So it fits FairStock’s computed TURNAROUND category: returned to profit after a loss within the last three years. The latest filed quarter, fiscal Q2 2026, the quarter ended 2026-06-30, showed revenue of $197.3M but net income of only $4.3M, or diluted EPS of $0.07. That is a sharp slowdown from fiscal Q1 2026, the quarter ended 2026-03-31, when net income was $20.4M, or diluted EPS of $0.29. It was also below fiscal Q2 2025, the quarter ended 2025-06-30, when net income was $8.2M, or diluted EPS of $0.11. Financial health looks sturdy: FairStock calculations show debt-to-equity of 0.04, an Altman Z-Score of 4.17, and trailing free cash flow of $147.2M, a 23.2% FCF yield. At the 2026-10-13 close of $9.64, FairStock’s P/E is 10.71, P/B is 1.89, EV/EBITDA is 4.36, and the Graham Number is $10.16, implying a 5.12% margin of safety. ROE is 18.16%, while Piotroski is 5/9. The business has a recognizable brand and useful content, but referral marketplaces can be competitive and cyclical. The price is not demanding, yet the recent profit drop and modest moat keep me cautious. I want evidence that margins and earnings stabilize.

In plain English: NerdWallet runs websites and tools that help people compare financial products such as credit cards and loans, and it earns fees when users connect with providers. The business returned to profit in fiscal 2024 and fiscal 2025 after a loss in fiscal 2023, and it produces strong cash flow, but recent quarterly profit has fallen from earlier in the year. At the 2026-10-13 close of $9.64, the shares look roughly fair, perhaps slightly cheap compared with the company’s earnings and book value.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer