- NerdWallet (NRDS, Financial) reports a 29% increase in Q1 2025 revenue at $209.2 million.
- Insurance revenue surged by 246%, driven by strong growth in auto insurance.
- Credit card revenue fell 24% due to ongoing challenges in organic search traffic.
NerdWallet, Inc. (NRDS), a leader in providing financial guidance to consumers and businesses, has announced its financial results for the first quarter of 2025. The company reported a revenue of $209.2 million, marking a 29% increase compared to the same period last year. This growth was primarily driven by a significant performance increase in the Insurance segment, which saw a 246% year-over-year rise in revenue to $74.0 million, largely due to higher spending by auto insurance carriers.
Conversely, the Credit Cards segment experienced a revenue decline of 24% year-over-year, generating $38.0 million, as the company continues to face headwinds in organic search traffic. Meanwhile, SMB products saw a slight revenue decrease of 5% to $28.9 million, attributed to a reduction in business loan originations.
NerdWallet's Loans segment recorded a 12% revenue increase to $24.0 million, thanks to growth in mortgage and personal loans, bolstered by the company's acquisition of Next Door Lending. Emerging Verticals, comprising banking and other products, also showed growth, with a 15% increase to $44.3 million.
Looking ahead, NerdWallet is forecasting its Q2 2025 revenue to be between $192 million and $200 million, representing a 30% increase at the midpoint compared to the previous year. The firm expects GAAP operating income to range from $6 million to $10 million, and adjusted EBITDA to range from $29 million to $33 million.
