secwatch.observer — SEC 8-K summary
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Issuer:     NERDWALLET, INC. (NRDS)
CIK:        0001625278
Form:       8-K
Filed at:   2024-04-25T23:59:59+00:00
Accession:  0001625278-24-000100
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NerdWallet Q1 revenue $161.9M (-5% YoY); beats adjusted EBITDA guidance
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- Revenue $161.9M, down 5% YoY; GAAP net income $1.1M ($0.01 diluted EPS).
- Adjusted EBITDA $25.5M and non-GAAP operating income $10.6M; both exceeded guidance.
- Credit cards revenue $50.0M (-19% YoY); SMB products $30.4M (+21% YoY).
- Monthly Unique Users 29M (+25% YoY); registered users surpassed 20M.
- CFO expects revenue growth to return in Q2.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1625278/000162527824000100/0001625278-24-000100-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1625278/000162527824000100/nrds-20240425.htm
  HTML page:      https://secwatch.observer/filing/0001625278-24-000100

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