Earnings Releases·Nov 5, 2026, 4:14 PM ET

NerdWallet — Third Quarter 2026 Earnings Summary

Total revenue rose 11% year-over-year to $239.6 million, driven by a 12% increase in consumer revenue, though GAAP operating income and net income declined 44% and 43% respectively due to a 22% rise in total costs and expenses.
Full-year 2026 guidance was adjusted downward, with GAAP operating income now projected at $56–$62 million and Non-GAAP operating income at $85–$91 million, while Q4 revenue is expected to decline 13% year-over-year to a midpoint of $197 million.
The company executed $99.3 million in stock repurchases during the nine-month period, reducing cash and cash equivalents by 39% to $73.5 million, while operating cash flow for the same period increased to $108.1 million.
Strategic growth was supported by the acquisition of College Finance and expansion in student and personal loans, which were partially offset by lower lead volumes in auto insurance and ongoing organic search traffic pressures in the SMB segment.