For the quarter ending 2026-03-31, NRDS had -$42M decrease in cash & cash equivalents over the period. $35.3M in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income | 20.4 | 14 | 26.3 | 8.4 |
| Depreciation and amortization | 9.7 | 9.5 | 11.6 | 25.3 |
| Stock-based compensation | 7 | 7 | 6.7 | 14.9 |
| Deferred taxes | 5.4 | 4.5 | 14.9 | -3.4 |
| Non-cash lease costs | 0.4 | 0.4 | 0.5 | 1.3 |
| Other losses, net | -0.2 | -0.2 | -0.5 | -1.1 |
| Accounts receivable | 1.6 | -11.2 | 24.4 | -3.8 |
| Prepaid expenses and other assets | -5.2 | 1.8 | 2.5 | -1.8 |
| Mortgage loans held for sale | 8.1 | 0.9 | -5.4 | 9 |
| Accounts payable | -2.1 | -8.4 | 1.9 | 2.9 |
| Accrued expenses and other current liabilities | -0.7 | 3.4 | 8 | -1.6 |
| Payment of contingent consideration | - | 0 | - | - |
| Operating lease liabilities | -0.5 | -0.4 | -0.4 | -1.7 |
| Other liabilities | 0.4 | 0.2 | 0 | 0.4 |
| Net cash provided by operating activities | 35.7 | 38.9 | 48.5 | 44.2 |
| Purchase of investment | 2 | 0 | 2 | 0 |
| Liquidation of certificate of deposit | 2.3 | - | - | - |
| Capitalized software development costs | 3.8 | 4.5 | 4.3 | 8.1 |
| Purchases of property and equipment | 0.4 | 0.3 | 0.1 | 0.9 |
| Business combination, net of cash acquired | 15.8 | 8.1 | 0 | 5 |
| Net cash used in investing activities | -19.7 | -12.9 | -6.4 | -14 |
| Payment of contingent consideration | - | 0 | - | - |
| Net borrowing on warehouse line of credit | 8 | 1.1 | -5.4 | 8.7 |
| Proceeds from line of credit | - | 0 | - | - |
| Payments on line of credit | - | 0 | - | - |
| Payment of debt issuance costs | - | 0 | - | - |
| Issuances of class a common stock under employee stock purchase plan | - | 1.1 | 0 | 1 |
| Proceeds from exercises of stock options | 0.3 | 0.4 | 0.4 | 0.3 |
| Tax payments related to net-share settlements on restricted stock units | 0.2 | 0.3 | 2.4 | 0.8 |
| Repurchases of class a common stock | 66 | 50.7 | 19.2 | 0.3 |
| Net cash provided by (used in) financing activities | -57.9 | -48.4 | -26.6 | 8.9 |
| Effect of exchange rate changes on cash and cash equivalents | -0.1 | 0.1 | -0.2 | -0.1 |
| Net increase (decrease) in cash and cash equivalents | -42 | -22.3 | 15.3 | 39 |
| Beginning of period | 98.3 | -54.3 | 66.3 | - |
| End of period | 56.3 | -22.3 | 120.6 | - |
NERDWALLET, INC. (NRDS)
NERDWALLET, INC. (NRDS)