secwatch.observer — SEC 8-K summary
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Issuer:     NERDWALLET, INC. (NRDS)
CIK:        0001625278
Form:       8-K
Filed at:   2023-05-02T23:59:59+00:00
Accession:  0001625278-23-000055
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1625278/000162527823000055/0001625278-23-000055-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1625278/000162527823000055/nrds-20230502.htm
  HTML page:      https://secwatch.observer/filing/0001625278-23-000055

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer