NERDWALLET INC

For the period ended Dec 31, 2023. Filed Feb 20, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 20, 2024

NRDS$7.42-5.1%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Stockholders’ Equity

Common Stock · Additional Paid-in Capital · Accumulated Other Comprehensive Income (Loss) · Accumulated Deficit · Stockholders’ Equity
(in millions, except share amounts which are in thousands)
Shares · Amount
Balance as of December 31, 2020	48,853		$—		$99.8			$0.6		$(17.7)	$82.7
Issuance of Class A common stock upon initial public offering	8,338	—		134.8					134.8
Issuance of Class A common stock upon exercise of stock options	2,322	—		11.0					11.0
Issuance of Class A common stock pursuant to settlement of restricted stock units	647	—						—
Class A common stock surrendered for employees’ tax liability upon settlement of restricted stock units	(96)	—		(1.9)					(1.9)
Conversion of Series A redeemable convertible preferred stock to Class A common stock	58	—		0.5					0.5
Conversion of Series A redeemable convertible preferred stock to Class A common stock upon initial public offering	7,527	—		66.2					66.2
Repurchase of stock options					(1.4)		(1.4)
Repurchase of early exercised stock options	(3)	—						—
Repurchase of Class A common stock	(41)	—				(0.5)			(0.5)
Repurchase of Class F common stock	(883)	—				(12.4)			(12.4)
Stock-based compensation			21.2				21.2
Other comprehensive loss				(0.1)			(0.1)
Net loss					(42.5)		(42.5)
Balance as of December 31, 2021	66,722		$—		$331.6			$0.5		$(74.5)	$257.6
Issuance of Class A common stock upon exercise of stock options	1,346	—		7.7					7.7
Vesting of early exercised stock options	—	—		0.2					0.2
Issuance of Class A common stock pursuant to settlement of restricted stock units	1,521	—						—
Class A common stock withheld related to net share settlement of restricted stock units	(44)	—		(0.6)					(0.6)
Issuance of Class A common stock under Employee Stock Purchase Plan	640	—		4.5					4.5
Issuance of Class A common stock for business combination	4,935	—		43.2					43.2
Stock-based compensation			40.7				40.7
Other comprehensive loss				(1.4)			(1.4)
Net loss					(10.2)		(10.2)
Balance as of December 31, 2022	75,120		$—		$427.3			$(0.9)		$(84.7)	$341.7

CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY

Common Stock · Additional Paid-in Capital · Accumulated Other Comprehensive Loss · Accumulated Deficit · Stockholders’ Equity
(in millions, except share amounts which are in thousands)
Shares · Amount
Balance as of December 31, 2022	75,120		$—		$427.3			$(0.9)		$(84.7)	$341.7
Issuance of Class A common stock upon exercise of stock options	1,584	—		10.2					10.2
Issuance of Class A common stock pursuant to settlement of restricted stock units	2,253	—						—
Class A common stock withheld related to net share settlement of restricted stock units	(95)	—		(1.1)					(1.1)
Issuance of Class A common stock under Employee Stock Purchase Plan	346	—		3.0					3.0
Repurchase of Class A common stock	(2,268)	—				(20.0)			(20.0)
Stock-based compensation			44.3				44.3
Other comprehensive income				0.6			0.6
Net loss					(11.8)		(11.8)
Balance as of December 31, 2023	76,940		$—		$483.7			$(0.3)		$(116.5)	$366.9

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.