NerdWallet profitability hits inflection point as annual revenue reaches $837M

NerdWallet (NASDAQ:NRDS) reported fourth-quarter 2025 revenue of $225.4 million on Wednesday, marking a successful end to a year defined by structural margin expansion and a move toward consistent GAAP profitability.

The San Francisco-based financial guidance platform posted full-year revenue of $836.6 million, an 11% increase over 2024, despite ongoing headwinds in organic search traffic.

The company achieved a significant bottom-line milestone, reporting full-year GAAP net income of $48.7 million, or $0.64 per diluted share, swinging from a net loss in the prior year.

For the fourth quarter, net income reached $14 million ($0.19 per diluted share).

On an adjusted basis, NerdWallet’s performance was even more pronounced; full-year adjusted EBITDA rose to $145 million, hitting the high end of management’s upwardly revised guidance.

The company’s "Emerging Verticals" and banking products were the primary catalysts for growth, offsetting continued softness in the credit card segment.

NerdWallet’s integration of Next Door Lending and its expanded SMB (Small and Mid-sized Business) toolkit allowed the firm to capture more of the consumer journey, leading to improved monetization per user.

Looking ahead to 2026, NerdWallet issued optimistic guidance, projecting full-year revenue between $940 million and $960 million.