What is NerdWallet, Inc.'s net debt?

NerdWallet, Inc. (NRDS) reported net debt of -$48.7M in Q1 2026.

How has NerdWallet, Inc.'s net debt changed year-over-year?

NerdWallet, Inc.'s net debt increased by 43.8% year-over-year, from -$86.7M to -$48.7M.

What is the long-term trend for NerdWallet, Inc.'s net debt?

Over 5 years (2020 to 2025), NerdWallet, Inc.'s net debt has grown at a 14.5% compound annual growth rate (CAGR), from -$45.8M to -$90.3M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

NerdWallet, Inc. NRDS Net debt

Discontinued — last reported Q1 '26

Net debt at other companies

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1.1×-0.3×

Travel + LeisureTNL

6×+1.6×

UnifirstUNF

-0.2×-0.1×

HES

Hess MidstreamHESM

3.1×-0.1×

Helen Of TroyHELE

4.8×+2.6×

CorMedixCRMD

-0.9×—

Other financials

Income statement

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Revenue$222.2M+6.2%

Gross profit$208.6M+9.2%

Operating income$27.2M+3,786%

Net income$20.4M+10,100%

EPS (diluted)$0.29—

Balance sheet

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Cash & equivalents$56.3M-38.9%

Total debt$7.6M+38.2%

Total equity$336.2M-9.5%

Total assets$432.0M-9.1%

Cash flow

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Operating cash flow$35.7M+33.7%

CapEx$400.0K+100%

Free cash flow$35.3M+33.2%

Valuation

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Market cap$559.95M-29.8%

Enterprise value$511.25M-28.1%

P/E8.1×-18.9×

P/S0.7×-0.4×

Profitability

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Gross margin93%+2.2pp

Operating margin10.8%+9.9pp

Net margin8.1%+4.1pp

FCF margin16.4%+6.2pp

Returns & leverage

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Return on equity19.5%+11.6pp

Debt / equity0×0.0×

Current ratio2.6×-0.1×

Where this comes from

Calculated from NerdWallet, Inc.’s reported figures.

$7.6Mtotal debt−$56.3Mcash and equivalents=-$48.7M

The official record: NerdWallet, Inc.’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is NerdWallet, Inc.'s net debt?: NerdWallet, Inc. (NRDS) reported net debt of -$48.7M in Q1 2026.
How has NerdWallet, Inc.'s net debt changed year-over-year?: NerdWallet, Inc.'s net debt increased by 43.8% year-over-year, from -$86.7M to -$48.7M.
What is the long-term trend for NerdWallet, Inc.'s net debt?: Over 5 years (2020 to 2025), NerdWallet, Inc.'s net debt has grown at a 14.5% compound annual growth rate (CAGR), from -$45.8M to -$90.3M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.