---
schema_version: "secwatch.filing_event.v1"
accession: "0001625278-23-000055"
form_type: "8-K"
ticker: "NRDS"
cik: "0001625278"
company_name: "NERDWALLET, INC."
filed_at: "2023-05-02T23:59:59+00:00"
generated_at: "2026-06-16T03:36:51.464544+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# NerdWallet Q1 2023: revenue up 31% to $169.6M, net income $1.7M, approves $20M buyback

## Summary
- Revenue $169.6M (+31% YoY); GAAP net income $1.7M ($0.02 EPS) vs loss of $10.5M (-$0.16) YoY.
- Adjusted EBITDA $20.9M (12% margin), up 134% from $8.9M (7% margin) in prior year.
- Credit cards revenue +36% to $61.3M; Other verticals +74% to $86.3M; Loans -36% to $22.0M.
- Board approved $20M share repurchase plan with no expiration date.
- Q2 2023 guidance: revenue $134-141M, Adjusted EBITDA $17-19M, citing macro headwinds.

## SEC filing metadata
- accession: 0001625278-23-000055
- form_type: 8-K
- ticker: NRDS
- cik: 0001625278
- company_name: NERDWALLET, INC.
- filed_at: 2023-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1625278/000162527823000055/0001625278-23-000055-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1625278/000162527823000055/nrds-20230502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001625278-23-000055
- JSON: https://secwatch.observer/filing/0001625278-23-000055.json
- Plain text: https://secwatch.observer/filing/0001625278-23-000055.txt

## Key facts
- Earnings Releases
  NERDWALLET, INC. reported first quarter ended March 31, 2023 results: revenue $169.6 million, net income $1.7 million, EPS $0.02 income per diluted share.
  - Period: first quarter ended March 31, 2023
  - Revenue: $169.6 million
  - Net income: $1.7 million
  - EPS: $0.02 income per diluted share
  - Result: reported results
  source text: Revenue of $169.6 million, Up 31% Year-Over-Year
  evidence_url: https://www.sec.gov/Archives/edgar/data/1625278/000162527823000055/0001625278-23-000055-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.