NERDWALLET, INC.
For the period ended Sep 30, 2025. Filed Nov 6, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 6, 2025
NRDS$7.42-5.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows
| Nine Months EndedSeptember 30, | ||
|---|---|---|
| (in millions) | 2025 | 2024 |
| Operating Activities: | ||
| Net income (loss) | $34.7 | $(8.2) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
| Depreciation and amortization | 36.9 | 37.0 |
| Stock-based compensation | 21.6 | 29.2 |
| Deferred taxes | 11.5 | (0.2) |
| Non-cash lease costs | 1.8 | 1.7 |
| Other losses, net | 1.6 | 0.3 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (20.6) | (27.3) |
| Prepaid expenses and other assets | (0.7) | 3.5 |
| Mortgage loans held for sale | (3.6) | — |
| Accounts payable | 4.8 | 10.3 |
| Accrued expenses and other current liabilities | 6.4 | 16.8 |
| Operating lease liabilities | (2.1) | (2.5) |
| Other liabilities | 0.4 | 1.3 |
| Net cash provided by operating activities | 92.7 | 61.9 |
| Investing Activities: | ||
| Purchase of investments | (2.0) | (8.1) |
| Capitalized software development costs | (12.4) | (15.9) |
| Purchase of property and equipment | (1.0) | (0.4) |
| Business combination | (5.0) | — |
| Net cash used in investing activities | (20.4) | (24.4) |
| Financing Activities: | ||
| Net borrowing on warehouse line of credit | 3.3 | — |
| Proceeds from exercise of stock options | 0.7 | 5.2 |
| Tax payments related to net-share settlements on restricted stock units | (3.2) | (1.7) |
| Issuance of Class A common stock under Employee Stock Purchase Plan | 1.0 | — |
| Repurchase of Class A common stock | (19.5) | (69.8) |
| Net cash used in financing activities | (17.7) | (66.3) |
| Effect of exchange rate changes on cash and cash equivalents | (0.3) | 0.1 |
| Net increase (decrease) in cash and cash equivalents | 54.3 | (28.7) |
| Cash and Cash Equivalents: | ||
| Beginning of period | 66.3 | 100.4 |
| End of period | $120.6 | $71.7 |
| Supplemental Disclosures of Non-Cash Investing and Financing Activities: | ||
| Capitalized software development costs recorded in accounts payable and accrued expenses and other current liabilities | $0.9 | $0.7 |
| Supplemental Disclosures of Cash Flow Information: | ||
| Income tax payments | $14.5 | $10.2 |
| Cash paid for interest | 0.2 | 0.3 |
| Supplemental Cash Flow Disclosure Related to Operating Leases: | ||
| Cash paid for amounts included in the measurement of lease liabilities | $2.4 | $2.9 |
| Lease liabilities arising from obtaining right-of-use assets | 4.1 | — |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.