NerdWallet Raises 2025 EBITDA Guidance to $141–145M, Sees Q4 Revenue Up 15%
NerdWallet forecasts fourth-quarter 2025 revenues of $207–250 million, implying 15% year-over-year growth at the midpoint, with consensus estimates at $211.9 million and $0.17 EPS. The company raised full-year 2025 adjusted EBITDA guidance to $141–145 million from a prior $106–116 million, up from $108 million in 2024.
1. Q4 Guidance and Estimates
NerdWallet projects fourth-quarter 2025 revenues between $207 million and $250 million, reflecting a 15% increase at the midpoint. Consensus estimates stand at $211.9 million for revenues and $0.17 per share in earnings, up from $0.01 per share a year ago, supported by diversified product monetization.
2. Full-Year Profitability Outlook
Management lifted its 2025 adjusted EBITDA guidance to $141–145 million, up from a prior range of $106–116 million and above 2024’s $108 million result. Non-GAAP operating income for Q4 is guided at $20–24 million, highlighting a focus on scaling profitably while investing in growth.
3. Valuation and Beat Probability
NerdWallet trades at 10.45X forward 12-month P/E versus the industry’s 11.45X, indicating relative undervaluation. With an Earnings ESP of 0.00% and a neutral Zacks Rank, the model does not predict an upcoming earnings beat.
4. Growth Drivers and Risks
The company is boosting performance marketing to attract high-intent users and reduce reliance on organic search, especially in credit cards and SMB segments. Risks include sequential declines in credit card revenue and search algorithm changes, while vertical integration and AI initiatives could bolster long-term cash flow.