NerdWallet, Inc. reported strong first quarter 2025 financial results, with total revenue reaching $209.2 million, a 29% increase year-over-year. The growth was primarily driven by significant strength in the Insurance and Banking businesses. Despite a decrease in Credit Cards revenue, the company achieved a GAAP net income of $0.2 million.
Total revenue for Q1 2025 was $209.2 million, up 29% year-over-year.
Insurance revenue saw a substantial increase of 246% year-over-year, reaching $74.0 million.
GAAP net income was $0.2 million, or $0.00 per diluted share.
Adjusted EBITDA for the quarter was $21.1 million.
NerdWallet provided guidance for the second quarter of 2025 and increased its full-year 2025 forecasts for GAAP operating income, non-GAAP operating income, and Adjusted EBITDA.
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