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NerdWallet Revenue Rises, but GAAP Net Income Falls in Q2

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Sig3.05Sen-3.85Env0.00Soc0.00Gov0.00

NerdWallet reported second-quarter revenue up 6% to $197.3 million, but GAAP net income fell 48% to $4.3 million and adjusted EBITDA dropped 31% to $23.1 million. Sales and marketing rose 14% to $145.4 million, while revenue declined 11% from the prior quarter. CEO Tim Chen said the company’s vertical integration strategy is driving higher investment for 2026.

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