nerdwallet inc-2025年季度报告

Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities ExchangeAct of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule405 of RegulationS-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant wasrequired to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complyingwith any new or revised financial accounting standards provided pursuant to Section13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Act). Yes☐No☒ The registrant had outstanding42,826,957shares of ClassA common stock and31,685,652shares of ClassB common stock as of April29,2025. Index to Form10-Q PART IFinancial Information Item 1.Financial StatementsCondensed Consolidated Balance SheetsCondensed Consolidated Statements of OperationsCondensed Consolidated Statements of Comprehensive IncomeCondensed Consolidated Statements of Stockholders’ EquityCondensed Consolidated Statements of Cash FlowsNotes to Condensed Consolidated Financial StatementsItem 2.Management’s Discussion and Analysis of Financial Condition and Results of OperationsItem 3.Quantitative and Qualitative Disclosures About Market RiskItem 4.Controls and Procedures PART II Special Note Regarding Forward-Looking Statements This Quarterly Report on Form10-Q contains forward-looking statements about us and our industry that involve significant risksand uncertainties. Except for statements of historical facts, all statements contained in this Quarterly Report on Form10-Q areforward-looking.These statements often contain words such as“anticipate,”“believe,”“contemplate,”“continue,”“could,” •the impact of macroeconomic developments, including inflation, interest rates, credit market conditions and overall economicuncertainty on our business, operating results, financial condition, and stock price;•our expectations regarding our future financial and operational performance, including total revenue, cost of revenue, non-GAAP operating income (loss) and adjusted EBITDA;•our ability to grow traffic and user engagement on our platform;•expected returns on marketing investments and brand campaigns;•consumer demand for the products on our platform;•our ability to increase user registrations and improve repeat usage rates;•conversion of consumers into matches with financial services partners;•expansion within existing and new verticals;•geographic expansion;•maintaining and expanding relationships with financial services partners and identifying new financial services partners;•developing efficient and scalable technical capabilities to provide personalized guidance and engage users; These forward-looking statements should not be relied upon as predictions or guarantees of future events. They are based on ourcurrent expectations, estimates, and projections regarding future events and trends that may affect our business, financial condition,and operating results. However, these expectations are subject to various risks, uncertainties, and assumptions, including thosedescribed elsewhere in this Quarterly Report on Form10-Q, in PartI, Item1A.Risk Factors in our Annual Report on Form10-K for Table of Contents Our industry is highly competitive and rapidly evolving, and new risks and uncertainties may arise that we cannot predict. As aresult, actual results, events or circumstances may differ materially from those reflected in our forward-looking statements. Forward-looking statements in this Quarterly Report on Form10-Q speak only as of the date hereof. We undertake no obligationto update any such statements in this Quarterly Report on Form10-Q to reflect subsequent events, new information, or unexpected Additionally, statements that include “we believe” or similar expressions represent our beliefs and opinions as of the date of thisQuarterly Report on Form10-Q. While we believe the information supporting these statements is reasonable, it may be incomplete orsubject to change. Investors should not interpret these statements as assurances that we have conducted an exhaustive inquiry or 1.The Company and Basis of Presentation The Company—NerdWallet,Inc., a Delaware corporation, was formed on December 29, 2011. Ne