Duyuru • 1h
NerdWallet Inc. Launches Consumer Financial Resilience Index NerdWallet Inc. provided trustworthy financial guidance to consumers and small and mid-sized businesses (SMBs), and launched the NerdWallet Financial Resilience Index, a new monthly score that tracks how financially prepared Americans are to handle economic uncertainty. The NerdWallet Financial Resilience Index (FRI) answers that question monthly, tracking real financial capacity rather than sentiment to show how insulated consumers are from potential economic disruption. The index is based on a survey of 2,072 U.S. adults conducted by The Harris Poll on behalf of NerdWallet in May 2026. The composite score combines five equally weighted measures across three categories: 1) Financial security: how consumers feel about their personal finances 2) Financial strength: consumers’ ability to handle financial strain 3) Economic outlook: consumers’ expectations for the broader economy. The total possible score ranges from zero, representing no financial resilience, to 100, representing perfect financial resilience. Based on survey data collected in May 2026, NerdWallet calculated the inaugural FRI score at 60.4 out of 100. 74% of Americans feel in control of their day-to-day finances. 37% of Americans say they will rely on credit to manage at least some expenses this month — a rate consistent across income levels. 63% of Americans say they have enough cash on hand to cover an unexpected $1,000 expense. 66% of Americans believe the U.S. economy will enter a recession in the next 12 months, up from 61% in August 2025. Nearly three-quarters of Americans (74%) say they feel in control of their day-to-day finances, but confidence differs significantly across income groups. Just 57% of Americans with household incomes less than $50,000 annually say they feel in control of their finances, compared with 83% of those with incomes of $100,000 or more. Baby boomers report the highest levels of financial confidence, with 84% saying they feel in control of their finances and 89% confident they can pay all of their bills on time this month. Among Gen Zers, those fall to 63% and 65%, respectively. Over one-third of Americans (37%) say they will rely on credit this month to manage at least some expenses. Reliance on credit remains relatively consistent across income groups, suggesting financial pressure could be affecting households broadly. Parents of children under 18 report some of the highest levels of financial strain, with 47% saying they expect to rely on credit this month, compared with 32% of adults without children under 18. Meanwhile, 63% of Americans say they have enough cash on hand to cover an unexpected $1,000 expense this month. That drops to 36% among those with household incomes less than $50,000 annually. Two-thirds of Americans (66%) believe the U.S. economy will enter a recession in the next 12 months, up from 61% when NerdWallet first began tracking recession expectations in August 2025. Middle-income households are the most likely to anticipate a recession, with 75% of Americans earning between $50,000 and $74,999 expecting such an economic downturn within the next year. The Financial Resilience Index survey was conducted online by The Harris Poll on behalf of NerdWallet from May 5-7, 2026 among 2,072 U.S. adults ages 18 and older. The sampling precision of Harris online polls is measured by using a Bayesian credible interval. For this study, the sample data is accurate to within +/- 2.7 percentage points using a 95% confidence level. This credible interval will be wider among subsets of the surveyed population of interest. All five questions across this survey are weighted equally to develop a composite score with a maximum value of 100. Duyuru • Apr 16
NerdWallet, Inc. to Report Q1, 2026 Results on May 06, 2026 NerdWallet, Inc. announced that they will report Q1, 2026 results on May 06, 2026 Duyuru • Mar 12
NerdWallet, Inc. (NasdaqGM:NRDS) completed the acquisition of College Finance Company, LLC from inspHIRE IO Corp. NerdWallet, Inc. (NasdaqGM:NRDS) entered into a Membership Interest Purchase Agreement to acquire College Finance Company, LLC from inspHIRE IO Corp. for $18.8 million on February 20, 2026. The aggregate purchase price consisted of $18.8 million in cash, subject to customary adjustments for cash and cash equivalents, indebtedness, transaction expenses and working capital. Out of the purchase price, a cash amount of $1.5 million was placed into escrow to secure potential post-closing indemnification rights. Additionally, under the Membership Interest Purchase Agreement, RSU awards with an aggregate grant-date fair value of approximately $3.3 million were granted to certain continuing key employees of College Finance Company, LLC with the value of such RSU awards to be recognized as compensation expense following the close of the acquisition through 2029, generally subject to the employees’ continued employment with the Company. The value of these RSU awards is excluded from the purchase consideration and accounted for separately from the business combination.
Mesirow Financial Holdings, Inc. acted as financial advisor to inspHIRE IO Corp. Benjamin Chouka of Jones Day acted as legal advisor to NerdWallet, Inc.
NerdWallet, Inc. (NasdaqGM:NRDS) completed the acquisition of College Finance Company, LLC from inspHIRE IO Corp. on March 10, 2026. Duyuru • Feb 26
NerdWallet, Inc. Provides Earnings Guidance for the First Quarter and Full Year of 2026 NerdWallet, Inc. provided earnings guidance for the first quarter and full year of 2026. For the quarter, revenue is expected in the range of $224 million - $232 million, up 9% year-over-year at the midpoint. GAAP operating income is expected in the range of $22 million - $27 million.
For the year, the company expects 2026 annual GAAP operating income in the range of $72 million - $89 million. Duyuru • Feb 05
NerdWallet, Inc. to Report Q4, 2025 Results on Feb 25, 2026 NerdWallet, Inc. announced that they will report Q4, 2025 results on Feb 25, 2026 Duyuru • Nov 08
NerdWallet, Inc. Provides Earnings Guidance for Fourth Quarter of 2025 NerdWallet, Inc. provided earnings guidance for the fourth quarter of 2025. For the quarter, revenue is expected in the range of $207 million - $215 million, up 15% year-over-year at the midpoint. GAAP operating income is expected in the range of $13 million - $17 million. Duyuru • Oct 17
NerdWallet, Inc. to Report Q3, 2025 Results on Nov 06, 2025 NerdWallet, Inc. announced that they will report Q3, 2025 results on Nov 06, 2025 Duyuru • Jul 22
NerdWallet, Inc. to Report Q2, 2025 Results on Aug 07, 2025 NerdWallet, Inc. announced that they will report Q2, 2025 results on Aug 07, 2025 Duyuru • May 23
NerdWallet, Inc. Announces Board and Audit Committee Changes On May 19, 2025, the board of directors of NerdWallet, Inc. appointed Anthony Ling to serve as a member of the Board effective as of May 22, 2025, to fill the vacancy created by Maurice Taylor’s decision not to stand for re-election to the Board. The Board determined that Mr. Ling is an “independent director” as such term is defined by the applicable listing rules of The Nasdaq Stock Market (Nasdaq) and qualifies as “independent” in accordance with the additional independence rules established by the Securities and Exchange Commission and the Nasdaq for service on audit committees. Mr. Ling will serve as an independent director until the 2026 annual meeting of stockholders and until his successor has been duly elected and qualified, or until his earlier death, resignation, or removal. The Board also appointed Mr. Ling to the Audit Committee of the Board. Duyuru • Apr 18
NerdWallet, Inc. to Report Q1, 2025 Results on May 06, 2025 NerdWallet, Inc. announced that they will report Q1, 2025 results on May 06, 2025 Duyuru • Apr 15
NerdWallet, Inc., Annual General Meeting, May 21, 2025 NerdWallet, Inc., Annual General Meeting, May 21, 2025. Duyuru • Feb 21
NerdWallet, Inc. Provides Earnings Guidance for the First Quarter and Year Ending 2025; Provides Guidance for 2026 NerdWallet, Inc. provided earnings guidance for the first quarter and year ending 2025; provided guidance for 2026. For the first quarter of 2025, the company expects Revenue is expected in the range of $187 million - $193 million, up 17% year-over-year at the midpoint. GAAP operating loss is expected in the range of $(12)million - $(8) million.
For the year 2025, company expects annual GAAP operating income in the range of $21 million - $31 million.
For the 2026, company is also replacing previously shared 2026 margin percentage target with a margin dollar target. Company expect to deliver at least $60 million of GAAP operating income in 2026. Duyuru • Jan 30
NerdWallet, Inc. to Report Q4, 2024 Results on Feb 19, 2025 NerdWallet, Inc. announced that they will report Q4, 2024 results on Feb 19, 2025 Duyuru • Oct 11
NerdWallet, Inc. to Report Q3, 2024 Results on Oct 29, 2024 NerdWallet, Inc. announced that they will report Q3, 2024 results on Oct 29, 2024 Duyuru • Sep 10
NerdWallet, Inc. (NasdaqGM:NRDS) announces an Equity Buyback for $50 million worth of its shares. NerdWallet, Inc. (NasdaqGM:NRDS) announces a share repurchase program. Under the program, the company will repurchase up to $50 million worth of its class A common stock. The purpose of the program is to reduce its outstanding share count. The company expects to fund repurchases with existing cash and cash equivalents. The plan has no expiration date. Duyuru • Aug 02
NerdWallet, Inc. Provides Earnings Guidance for the Third Quarter and Full Year of 2024 NerdWallet, Inc. provided earnings guidance for the third quarter and full year of 2024. For the quarter, Revenue is expected in the range of $172 million to $180 million, up 15% year-over-year at the midpoint. GAAP operating income (loss) is expected in the range of $(1) million-$5 million
The company expects a 2024 annual GAAP operating income (loss) margin in the range of (0.5%)% -1.1%. Duyuru • Jul 13
NerdWallet, Inc. to Report Q2, 2024 Results on Jul 31, 2024 NerdWallet, Inc. announced that they will report Q2, 2024 results on Jul 31, 2024 Duyuru • Apr 27
NerdWallet, Inc. Provides Earnings Guidance for the Second Quarter of 2024 NerdWallet, Inc. provided earnings guidance for the second quarter of 2024. For the quarter, the company expects revenue to be in the range of $147 million to $152 million, up 4% year-over-year at the midpoint. GAAP operating loss to be in the range of $7 million to $4 million. Duyuru • Apr 09
NerdWallet, Inc. to Report Q1, 2024 Results on Apr 25, 2024 NerdWallet, Inc. announced that they will report Q1, 2024 results on Apr 25, 2024 Duyuru • Mar 22
NerdWallet, Inc., Annual General Meeting, May 14, 2024 NerdWallet, Inc., Annual General Meeting, May 14, 2024, at 10:00 Pacific Standard Time. Agenda: To elect five members to Board of Directors, each to serve until the annual meeting in 2025 and until a successor has been duly elected and qualified, or until such director's earlier resignation, retirement or other termination of service; to ratify the appointment of Deloitte & Touche LLP as independent registered public accounting firm for the year ending December 31, 2024; and to amend the Company's Amended and Restated Certificate of Incorporation to reflect new Delaware law provisions regarding officer exculpation. Reported Earnings • Feb 22
Full year 2023 earnings released: US$0.15 loss per share (vs US$0.14 loss in FY 2022) Full year 2023 results: US$0.15 loss per share (further deteriorated from US$0.14 loss in FY 2022). Revenue: US$599.4m (up 11% from FY 2022). Net loss: US$11.8m (loss widened 16% from FY 2022). Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Consumer Finance industry in Europe. Reported Earnings • Feb 16
Full year 2023 earnings released: US$0.15 loss per share (vs US$0.14 loss in FY 2022) Full year 2023 results: US$0.15 loss per share (further deteriorated from US$0.14 loss in FY 2022). Revenue: US$599.4m (up 11% from FY 2022). Net loss: US$11.8m (loss widened 16% from FY 2022). Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Consumer Finance industry in Europe. Duyuru • Feb 15
NerdWallet, Inc. Provides Earnings Guidance for the First Quarter of 2024 NerdWallet, Inc. provided earnings guidance for the first quarter of 2024. For the quarter, the company expects revenue is expected in the range of $155-$160 million, (7%) year-over-year at the midpoint. GAAP operating income is expected in the range of $0-$3 million. Duyuru • Jan 25
NerdWallet, Inc. to Report Q4, 2023 Results on Feb 14, 2024 NerdWallet, Inc. announced that they will report Q4, 2023 results on Feb 14, 2024 New Risk • Oct 28
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risk Shareholders have been diluted in the past year (3.3% increase in shares outstanding). Reported Earnings • Oct 27
Third quarter 2023 earnings released: US$0.006 loss per share (vs US$0.01 profit in 3Q 2022) Third quarter 2023 results: US$0.006 loss per share (down from US$0.01 profit in 3Q 2022). Revenue: US$152.8m (up 7.2% from 3Q 2022). Net loss: US$500.0k (down 171% from profit in 3Q 2022). Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Consumer Finance industry in Europe. Duyuru • Oct 10
NerdWallet, Inc. to Report Q3, 2023 Results on Oct 26, 2023 NerdWallet, Inc. announced that they will report Q3, 2023 results on Oct 26, 2023 Recent Insider Transactions • Sep 15
Co-founder recently bought €238k worth of stock On the 12th of September, Tim Chen bought around 31k shares on-market at roughly €7.79 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Tim has been a buyer over the last 12 months, purchasing a net total of €710k worth in shares. Duyuru • Aug 04
NerdWallet, Inc. Provides Earnings Guidance for the Third Quarter of 2023 NerdWallet, Inc. provided earnings guidance for the third quarter of 2023. For the period, the company expects Revenue in the range of $142- $147 million, 1% year-over-year growth rate at midpoint. Reported Earnings • Aug 03
Second quarter 2023 earnings released: US$0.14 loss per share (vs US$0.14 loss in 2Q 2022) Second quarter 2023 results: US$0.14 loss per share (further deteriorated from US$0.14 loss in 2Q 2022). Revenue: US$143.3m (up 14% from 2Q 2022). Net loss: US$10.7m (loss widened 15% from 2Q 2022). Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Consumer Finance industry in Europe. Duyuru • Jul 15
NerdWallet, Inc. to Report Q2, 2023 Results on Aug 02, 2023 NerdWallet, Inc. announced that they will report Q2, 2023 results at 4:00 PM, US Eastern Standard Time on Aug 02, 2023 Recent Insider Transactions • May 13
Co-founder recently bought €236k worth of stock On the 9th of May, Tim Chen bought around 31k shares on-market at roughly €7.65 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Tim has been a buyer over the last 12 months, purchasing a net total of €846k worth in shares. Duyuru • May 04
Nerdwallet, Inc. Provides Guidance for the Second Quarter of 2023 NerdWallet, Inc. provided guidance for the second quarter of 2023. The company announced that Revenue is expected in the range of $134 million to $141 million, 10% year-over-year growth rate at midpoint. Reported Earnings • May 03
First quarter 2023 earnings released: EPS: US$0.022 (vs US$0.16 loss in 1Q 2022) First quarter 2023 results: EPS: US$0.022 (up from US$0.16 loss in 1Q 2022). Revenue: US$169.6m (up 31% from 1Q 2022). Net income: US$1.70m (up US$12.2m from 1Q 2022). Profit margin: 1.0% (up from net loss in 1Q 2022). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Consumer Finance industry in Europe. Reported Earnings • Feb 16
Full year 2022 earnings released: US$0.14 loss per share (vs US$0.82 loss in FY 2021) Full year 2022 results: US$0.14 loss per share (improved from US$0.82 loss in FY 2021). Revenue: US$538.9m (up 42% from FY 2021). Net loss: US$10.2m (loss narrowed 76% from FY 2021). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Consumer Finance industry in Europe. Duyuru • Feb 15
Nerdwallet, Inc. Provides Revenue Guidance for the First Quarter of 2023 NerdWallet, Inc. provided revenue guidance for the first quarter of 2023. Revenue is expected in the range of $165 - $170 million, 30% year-over-year growth rate at midpoint. Duyuru • Jan 25
NerdWallet, Inc. to Report Q4, 2022 Results on Feb 14, 2023 NerdWallet, Inc. announced that they will report Q4, 2022 results on Feb 14, 2023 Duyuru • Jan 15
NerdWallet, Inc. Announces Resignation of John Caine as Chief Product Officer, Effective January 27, 2023 On January 13, 2023, NerdWallet, Inc. (the Company) accepted the resignation of its Chief Product Officer, John Caine, effective January 27, 2023. Recent Insider Transactions • Dec 21
Co-founder recently bought €236k worth of stock On the 16th of December, Tim Chen bought around 27k shares on-market at roughly €8.76 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Tim has been a buyer over the last 12 months, purchasing a net total of €1.7m worth in shares. Board Change • Nov 16
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 3 experienced directors. 1 highly experienced director. Co-founder, Chairman & CEO Tim Chen is the most experienced director on the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Nov 03
Third quarter 2022 earnings released: EPS: US$0.01 (vs US$0.16 loss in 3Q 2021) Third quarter 2022 results: EPS: US$0.01 (up from US$0.16 loss in 3Q 2021). Revenue: US$142.6m (up 45% from 3Q 2021). Net income: US$700.0k (up US$8.50m from 3Q 2021). Profit margin: 0.5% (up from net loss in 3Q 2021). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Consumer Finance industry in Europe. Duyuru • Nov 03
Nerdwallet, Inc. Announces Revenue Guidance for Fourth Quarter of 2022 NerdWallet, Inc. announced revenue guidance for fourth quarter of 2022. For quarter, revenue is expected in the range of $138 million to $141 million, 40% year-over-year growth rate at midpoint. Board Change • Nov 02
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 3 experienced directors. 1 highly experienced director. Co-founder, Chairman & CEO Tim Chen is the most experienced director on the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Duyuru • Oct 13
NerdWallet, Inc. to Report Q3, 2022 Results on Nov 02, 2022 NerdWallet, Inc. announced that they will report Q3, 2022 results on Nov 02, 2022 Duyuru • Sep 29
NerdWallet, Inc. Appoints Maurice Taylor to It's Board of Directors NerdWallet, Inc. announced the appointment of Maurice Taylor, Portfolio Manager at Alyeska Investment Group, to its Board of Directors, effective October 1, 2022. Maurice will also serve as a member of the Audit Committee of the Board of Directors. Maurice has extensive experience working in public equity investing and capital markets across a wide range of sectors including technology, software, consumer and healthcare. His background enables him to bring a diverse and valuable perspective in advising companies to help them achieve operational excellence and growth. Prior to joining Alyeska in 2015, Maurice served as an Equity Research Analyst at Millennium Management as well as an Investment Banking Associate at J.P. Morgan. He holds a B.A. with High Distinction in Economics from the University of Michigan-Dearborn, a J.D. from Harvard Law School, and an M.B. A from Harvard Business School. Passionate about giving back, Maurice is an active member of his community, mentoring, volunteering and donating to nonprofits that help underserved communities in Chicago. He currently sits on the Advisory Committee for Invest for Kids and is a member of the College and Career Persistence Committee for the Chicago Jesuit Academy, providing strategic guidance and shaping the high school transition and employment programs. Recent Insider Transactions • Aug 13
Co-founder recently bought €374k worth of stock On the 11th of August, Tim Chen bought around 40k shares on-market at roughly €9.35 per share. This was the largest purchase by an insider in the last 3 months. Tim has been a buyer over the last 12 months, purchasing a net total of €1.5m worth in shares. Reported Earnings • Aug 06
Second quarter 2022 earnings released: US$0.13 loss per share (vs US$0.28 loss in 2Q 2021) Second quarter 2022 results: US$0.13 loss per share (up from US$0.28 loss in 2Q 2021). Revenue: US$125.2m (up 37% from 2Q 2021). Net loss: US$9.30m (loss narrowed 33% from 2Q 2021). Over the next year, revenue is forecast to grow 24%, compared to a 21% growth forecast for the industry in Germany. Duyuru • Aug 06
NerdWallet, Inc. Provides Financial Guidance for the Third Quarter of 2022 NerdWallet, Inc. provided financial guidance for the third quarter of 2022. For the quarter, the company’s revenue is expected in the range of $135 million to $141 million, 40% year-over-year growth rate at midpoint. Duyuru • Jul 15
NerdWallet, Inc. to Report Q2, 2022 Results on Aug 04, 2022 NerdWallet, Inc. announced that they will report Q2, 2022 results on Aug 04, 2022 Duyuru • Jul 14
Nerdwallet Announces Departure of Chief Marketing Officer Kelly Gillease, Effective from October 1, 2022 NerdWallet, Inc. announced that Chief Marketing Officer (CMO) Kelly Gillease will be stepping down from her role effective October 1, 2022. Following Gillease’s departure, Brand Marketing, Communications, and Organic Marketing will report directly to Chief Executive Officer (CEO), Tim Chen, while Customer Relationship Marketing (CRM) and Performance Marketing will be split between Chief Product Officer (CPO), John Caine, and Chief Business Officer (CBO), Kevin Yuann. This structure is intended to enable NerdWallet to continue building consumer awareness and trust in its brand while tightening alignment between marketing activities and key products and initiatives. Chen will continue to focus on setting the vision for NerdWallet and ensuring all teams are set up to execute on the company’s strategic priorities. Gillease will serve as a consultant to NerdWallet to assist in the transition following her departure. Duyuru • Jul 12
NerdWallet, Inc. (NasdaqGM:NRDS) completed the acquisition of On the Barrelhead, Inc. NerdWallet, Inc. (NasdaqGM:NRDS) entered into an agreement to acquire On the Barrelhead, Inc. for approximately $120 million on June 23, 2022. Under the terms of the merger agreement, NerdWallet will acquire all of the outstanding shares of On the Barrelhead for total consideration of approximately $120 million, subject to customary purchase price adjustments, consisting of approximately $70 million in cash and $50 million in NerdWallet Class A common stock. The NerdWallet equity issued as part of the transaction will be determined based on the 30-trading day volume-weighted-average price as of June 22, 2022, or $10.37 per share, and half of the equity will have a two-year lock-up restriction. NerdWallet expects to finance the cash portion of the acquisition with borrowings from its existing credit facility. For the twelve months ended December 31, 2021, On the Barrelhead generated approximately $38 million in revenue, growing roughly 90% year-over-year, and $5 million in net income. NerdWallet believes the acquisition of On the Barrelhead would have been accretive to NerdWallet’s revenue and adjusted EBITDA for the year ended December 31, 2021. NerdWallet expects the acquisition will be accretive to NerdWallet’s 2022 revenue and adjusted EBITDA and reconfirms previously announced expected year-over-year increase in its 2022 annual adjusted EBITDA margin. NerdWallet will pay a termination fee of $5 million. The transaction is subject to customary closing conditions and is expected to close in the third quarter of 2022. Solomon Partners acted as the exclusive financial advisor to On the Barrelhead in the transaction. Dotun O. Obadina of Jones Day acted as a legal advisor to NerdWallet, Inc. Noah Pittard and Kassendra Galindo of Cooley LLP acted as a legal advisor to On the Barrelhead, Inc.
NerdWallet, Inc. (NasdaqGM:NRDS) completed the acquisition of On the Barrelhead, Inc. on July 11, 2022. The Stock Consideration at the Closing consisted of 4,934,895 shares of Class A common stock of NerdWallet. Duyuru • Jun 25
NerdWallet, Inc. (NasdaqGM:NRDS) entered into an agreement to acquire On the Barrelhead, Inc. for approximately $120 million. NerdWallet, Inc. (NasdaqGM:NRDS) entered into an agreement to acquire On the Barrelhead, Inc. for approximately $120 million on June 23, 2022. Under the terms of the merger agreement, NerdWallet will acquire all of the outstanding shares of On the Barrelhead for total consideration of approximately $120 million, subject to customary purchase price adjustments, consisting of approximately $70 million in cash and $50 million in NerdWallet Class A common stock. The NerdWallet equity issued as part of the transaction will be determined based on the 30-trading day volume-weighted-average price as of June 22, 2022, or $10.37 per share, and half of the equity will have a two-year lock-up restriction. NerdWallet expects to finance the cash portion of the acquisition with borrowings from its existing credit facility. For the twelve months ended December 31, 2021, On the Barrelhead generated approximately $38 million in revenue, growing roughly 90% year-over-year, and $5 million in net income. NerdWallet believes the acquisition of On the Barrelhead would have been accretive to NerdWallet’s revenue and adjusted EBITDA for the year ended December 31, 2021. NerdWallet expects the acquisition will be accretive to NerdWallet’s 2022 revenue and adjusted EBITDA and reconfirms previously announced expected year-over-year increase in its 2022 annual adjusted EBITDA margin. NerdWallet will pay a termination fee of $5 million. The transaction is subject to customary closing conditions and is expected to close in the third quarter of 2022. Solomon Partners acted as the exclusive financial advisor to On the Barrelhead in the transaction. Dotun O. Obadina of Jones Day acted as a legal advisor to NerdWallet, Inc. Noah Pittard and Kassendra Galindo of Cooley LLP acted as a legal advisor to On the Barrelhead, Inc. Recent Insider Transactions • Jun 07
Chief Financial Officer recently sold €62k worth of stock On the 2nd of June, Lauren St. Waugh sold around 6k shares on-market at roughly €11.18 per share. This was the largest sale by an insider in the last 3 months. Lauren St. has been a seller over the last 12 months, reducing personal holdings by €228k. Duyuru • May 05
NerdWallet, Inc. Provides Consolidated Earnings Guidance for the Second Quarter of 2022 NerdWallet, Inc. provided consolidated earnings guidance for the second quarter of 2022. For the quarter, the company's revenue is expected in the range of $118 million - $121 million, 30% year-over-year growth rate at midpoint. Reported Earnings • May 04
First quarter 2022 earnings released: US$0.16 loss per share (vs US$0.27 loss in 1Q 2021) First quarter 2022 results: US$0.16 loss per share (up from US$0.27 loss in 1Q 2021). Revenue: US$129.1m (up 43% from 1Q 2021). Net loss: US$10.5m (loss narrowed 19% from 1Q 2021). Over the next year, revenue is forecast to grow 21%, compared to a 25% growth forecast for the industry in Germany. Duyuru • Apr 15
NerdWallet, Inc., Annual General Meeting, May 25, 2022 NerdWallet, Inc., Annual General Meeting, May 25, 2022, at 10:00 Pacific Standard Time. Agenda: To consider to elect five members to our Board of Directors, each to serve until the annual meeting in 2023 and until a successor has been duly elected and qualified, or until such director’s earlier resignation, retirement or other termination of service; to approve an amendment to the NerdWallet, Inc. 2021 Equity Incentive Plan to increase the number of shares of Class A common stock reserved for issuance thereunder by 8,000,000; and to ratify the appointment of Deloitte & Touche LLP as independent registered public accounting firm for the year ending December 31, 2022. Duyuru • Apr 13
NerdWallet, Inc. to Report Q1, 2022 Results on May 03, 2022 NerdWallet, Inc. announced that they will report Q1, 2022 results on May 03, 2022 Duyuru • Apr 03
NerdWallet, Inc. Appoints Ken McBride to Board of Directors NerdWallet, Inc. announced the appointment of Ken McBride, former Chairman and CEO of Stamps.com, to its Board of Directors. During Ken’s 20-year tenure as CEO of Stamps.com, the Company grew its revenue and profit at a consistent compounded growth rate of approximately 25% per year, and grew its enterprise value from less than $25 million to more than $6.5 billion. Ken and his team successfully acquired and integrated six domestic and international companies, and they transformed the Company from a small business mailing solution into a worldwide leader in small, medium and large business ecommerce shipping software. Recent Insider Transactions • Mar 09
Co-founder recently bought €551k worth of stock On the 7th of March, Tim Chen bought around 61k shares on-market at roughly €9.02 per share. This was the largest purchase by an insider in the last 3 months. This was Tim's only on-market trade for the last 12 months. Reported Earnings • Feb 26
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: US$0.82 loss per share (down from US$0.06 profit in FY 2020). Revenue: US$379.6m (up 55% from FY 2020). Net loss: US$42.5m (down US$47.8m from profit in FY 2020). Revenue exceeded analyst estimates by 3.2%. Over the next year, revenue is forecast to grow 26%, compared to a 35% growth forecast for the industry in Germany. Duyuru • Feb 25
NerdWallet, Inc. Provides Revenue Guidance for the First Quarter of 2022 NerdWallet, Inc. provided revenue guidance for the first quarter of 2022. For the period, the company expects revenue in the range of $122- $125 million, 37% year-over-year growth rate at midpoint. Duyuru • Feb 19
NerdWallet, Inc. to Report Q4, 2021 Results on Feb 24, 2022 NerdWallet, Inc. announced that they will report Q4, 2021 results on Feb 24, 2022 Buying Opportunity • Feb 18
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 55%. The fair value is estimated to be US$14.07, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 40% over the last year. The company became loss making over the last year. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Lynne Laube was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.