secwatch.observer — SEC 8-K summary
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Issuer:     NERDWALLET, INC. (NRDS)
CIK:        0001625278
Form:       8-K
Filed at:   2024-02-14T23:59:59+00:00
Accession:  0001625278-24-000008
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NerdWallet Q4 revenue $133.7M, down 6% YoY; GAAP net loss $2.3M
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- Q4 revenue $133.7M, down 6% YoY; full-year revenue $599.4M, up 11% YoY.
- GAAP net loss $2.3M ($0.03/diluted share) in Q4; full-year net loss $11.8M ($0.15/share).
- Non-GAAP operating income $12.6M in Q4; adjusted EBITDA $29.3M (Q4) and $97.6M (FY).
- Credit cards revenue fell 18% YoY to $43.2M; loans up 5%; SMB products up 6%; emerging verts down 3%.
- Average monthly unique users 24M, up 24% YoY; management cites cautious optimism for 2024 recovery.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1625278/000162527824000008/0001625278-24-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1625278/000162527824000008/nrds-20240214.htm
  HTML page:      https://secwatch.observer/filing/0001625278-24-000008

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