NERDWALLET, INC. — Form 8-K
Filed August 6, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 42/100
What the filing says
NerdWallet reported Q2 2026 revenue of $197.3M (up 6% YoY from $186.9M), with GAAP net income of $4.3M ($0.07 per diluted share) down 48% YoY. Consumer revenue grew 8% to $175.2M driven by $12.3M increase in personal loans and $9.6M from deposit accounts, offset by $8.6M decline in credit cards. SMB revenue declined 11% to $22.1M due to organic search traffic pressures. Operating income fell 35% to $7.0M; adjusted EBITDA fell 31% to $23.1M. Cash declined 41% YoY to $62.0M. Company repurchased $88.8M of stock in H1 2026. Q3 2026 guidance: revenue $244-260M (17% YoY growth at midpoint); FY 2026 guidance raised to non-GAAP operating income $90-105M and adjusted EBITDA $131-147M.
Why this rating
Slowing growth (6%), margin compression (operating income -35%), cash burn (-41% YoY), and organic search headwinds are concerning. But raising FY guidance, positive free cash flow ($76.9M operating), and strategic investments signal management confidence. Moderate negative event for a $349M company.
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