Quarterly ResultMay 6, 2026, 04:52 PM
NerdWallet Q1 Revenue $222.2M, Net Income $20.4M; Acquires College Finance
AI Summary
NerdWallet, Inc. reported strong financial results for the first quarter of 2026, with revenue increasing to $222.2 million and net income significantly rising to $20.4 million. The company also completed the acquisition of College Finance Company, LLC for $17.2 million, expanding its student loan marketplace offerings. Additionally, NerdWallet repurchased 6.0 million Class A common shares for $66.2 million and ceased revenue-generating operations outside North America.
Key Highlights
- Acquired College Finance Company, LLC for $17.2 million in Q1 2026.
- Q1 2026 revenue increased to $222.2 million from $209.2 million year-over-year.
- Q1 2026 net income surged to $20.4 million from $0.2 million year-over-year.
- Diluted EPS for Q1 2026 was $0.29, significantly up from $0.00 year-over-year.
- Repurchased 6.0 million Class A common shares for $66.2 million in Q1 2026.
- Consumer revenue grew to $197.6 million from $180.3 million year-over-year.
- SMB revenue decreased to $24.6 million from $28.9 million year-over-year.
- Net cash provided by operating activities was $35.7 million, up from $26.7 million year-over-year.