Quarterly ResultMay 6, 2026, 04:14 PM
NerdWallet Q1 Revenue $222.2M, up 6%; Net Income $20.4M, EPS $0.29
AI Summary
NerdWallet, Inc. reported strong financial results for Q1 2026, with revenue increasing 6% year-over-year to $222.2 million. GAAP net income reached $20.4 million, or $0.29 per diluted share. The company saw significant growth in profitability, with non-GAAP operating income surging 262% to $33.7 million and Adjusted EBITDA rising 114% to $45.2 million. Consumer revenue grew 10%, offsetting a 15% decline in SMB revenue, and the company provided Q2 and full-year 2026 guidance.
Key Highlights
- Q1 Revenue: $222.2 million, up 6% year-over-year.
- Q1 GAAP Net Income: $20.4 million, diluted EPS $0.29.
- Q1 Non-GAAP Operating Income: $33.7 million, up 262% year-over-year.
- Q1 Adjusted EBITDA: $45.2 million, up 114% year-over-year.
- Consumer revenue: $197.6 million, increased 10% year-over-year.
- SMB revenue: $24.6 million, decreased 15% year-over-year.
- Q2 2026 Revenue Guidance: $186-$202 million.