0001625278-26-000046 | 10-Q | XBRL Viewer

Revenue

3 Months Ended

Mar. 31, 2026

Revenue from Contract with Customer [Abstract]

Effective with the three months ended March 31, 2026, the Company presents revenue disaggregated by user groups: Consumer and SMB. This presentation is consistent with recent changes in how management evaluates the Company’s financial and business performance, including the information currently reviewed by the Company’s chief operating decision maker. Consumer revenue includes revenue from financial products and services intended for individual consumers, including insurance, credit cards, loans, bank accounts and other products and services. Consumer revenue includes the previously reported Insurance, Credit cards, Loans and Emerging verticals product categories. SMB revenue includes revenue from financial products and services intended for SMBs, including loans, credit cards and other products and services. Prior period disaggregation of revenue has been recast to conform to this new presentation. The following presents a disaggregation of the Company’s revenue based on user group:


	Three Months Ended March 31,
(in millions)		2026		2025
Consumer		$	197.6	$	180.3
SMB		24.6		28.9
Total Revenue		$	222.2	$	209.2

The contract asset recorded within prepaid expenses and other current assets on the condensed consolidated balance sheet related to estimated variable consideration was $5.4 million and $3.5 million as of March 31, 2026 and December 31, 2025, respectively.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

The Company and Basis of Presentation

3 Months Ended

Mar. 31, 2026

Organization, Consolidation and Presentation of Financial Statements [Abstract]

The Company and Basis of Presentation

The Company—NerdWallet, Inc., a Delaware corporation, was formed on December 29, 2011. NerdWallet, Inc. and its subsidiaries (collectively, the Company) provide trusted guidance about finance through its platform, which connects consumers and small and mid-sized businesses (SMBs) with providers of financial products.

Basis of Consolidation and Presentation—The accompanying unaudited interim condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) and applicable rules and regulations of the U.S. Securities and Exchange Commission (SEC) regarding interim financial reporting. Accordingly, the accompanying unaudited interim condensed consolidated financial statements do not include all disclosures normally required in annual consolidated financial statements prepared in accordance with GAAP. The accompanying unaudited interim condensed consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements and notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025.

In the opinion of management, the accompanying unaudited interim condensed consolidated financial statements have been prepared on the same basis as the audited consolidated financial statements, and include all adjustments, consisting only of normal recurring adjustments, necessary for the fair statement of the Company’s financial position and results of operations for the periods presented. The accompanying unaudited interim condensed consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All intercompany transactions and balances have been eliminated in consolidation. Certain comparative amounts for the three months ended March 31, 2025 have been reclassified to conform to the presentation as of and for the three months ended March 31, 2026. The results of operations for the three months ended March 31, 2026 are not necessarily indicative of the results to be expected for the full year or any other future period.

Segments—The Company has one operating segment. The measure of segment assets is presented as total assets in the condensed consolidated balance sheets.

Components of segment costs and expenses, along with a reconciliation to income from operations, are as follows:


	Three Months Ended March 31,
(in millions)		2026		2025
Revenue		$	222.2	$	209.2

Costs and Expenses:
Performance marketing		121.7		97.6
Personnel-related expenses1		44.3		41.5
Stock-based compensation1		7.6		7.5
Capitalized internally developed software costs		(4.5)		(5.1)
Depreciation and amortization		9.7		12.6
Other segment costs and expenses2		16.2		54.4
Total costs and expenses		195.0		208.5
Income from Operations		$	27.2	$	0.7

______________

(1) Gross of capitalized internally developed software costs.

(2) Primarily includes cost of revenue and non-personnel-related operating expenses (each excluding depreciation and amortization), acquisition-related expenses and retention, and brand marketing.

Other segment items included in consolidated net income (loss) are presented in the condensed consolidated statements of operations, and comprised of other income (expense), net, and income tax provision (benefit).

Sales and Marketing—Components of sales and marketing expenses are as follows:


	Three Months Ended March 31,
(in millions)		2026		2025
Performance marketing		$	121.7	$	97.6
Other marketing		27.4		62.1
Total Sales and Marketing		$	149.1	$	159.7

Significant Accounting Policies—During the three months ended March 31, 2026, there have been no material changes to the Company’s significant accounting policies as disclosed in Note 1–The Company and its Significant Accounting Policies in the notes to the consolidated financial statements in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025.

Recently Adopted Accounting Pronouncement—In July 2025, the Financial Accounting Standards Board issued Accounting Standards Update (ASU) No. 2025-05, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets (ASU 2025-05), which provides a practical expedient related to the estimation of expected credit losses for current accounts receivable and current contract assets that arise from transactions accounted for under Accounting Standards Codification 606, Revenue From Contracts with Customers. The practical expedient allows an entity to assume that current conditions as of the balance sheet date do not change for the remaining life of the asset. The Company adopted the provisions of ASU 2025-05 as of January 1, 2026, and such adoption did not have an impact on the Company’s financial condition and results of operations within its condensed consolidated financial statements.

Stockholders' Equity

3 Months Ended

Mar. 31, 2026

Equity [Abstract]

Stockholders' Equity

Stockholders’ Equity

Share Repurchase Program—The Company maintains a plan, authorized by its Board of Directors in May 2023 with subsequent additional share repurchase authorizations as approved by the Board of Directors, including a $100.0 million additional share repurchase authorization announced on February 25, 2026, under which the Company may repurchase shares of the Company’s Class A common stock (collectively, the Repurchase Program).

The Company repurchased 6.0 million shares of Class A common stock for $66.2 million during the three months ended March 31, 2026, and did not repurchase any shares during the three months ended March 31, 2025. Additionally, the Company paid $0.4 million of excise taxes during the three months ended March 31, 2026 which related to previous share repurchases. The remaining share repurchase authorization under the Repurchase Program is $89.7 million as of March 31, 2026.

Equity Incentive Plans—The 2021 Equity Incentive Plan and the predecessor 2012 Equity Incentive Plan, both as amended, along with the 2022 Inducement Equity Incentive Plan (collectively, the Plans) comprise the equity incentive plans of the Company.

Under the terms of the 2021 Equity Incentive Plan, the number of shares of Class A common stock reserved for issuance under the plan will automatically increase on January 1 of each calendar year, starting January 1, 2023 and ending on and including January 1, 2031, in an amount equal to 5% of the total number of shares of the Company’s capital stock outstanding on December 31 of the prior calendar year, unless the Company’s Board of Directors determines prior to the date of increase that there will be a lesser increase, or no increase. In accordance with these plan terms, the aggregate number of shares of Class A common stock reserved for issuance under the 2021 Equity Incentive Plan increased by 3.6 million shares effective January 1, 2026.

Stock Options—A summary of the Company’s stock option activity for its Plans is as follows:


	Outstanding Stock Options (in thousands)	Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Life (in years)	Aggregate Intrinsic Value (in millions)
Balance as of December 31, 20251	4,786	$	11.58	7.2	$	13.4
Granted	581	$	10.18
Exercised	(73)	$	3.90
Cancelled/forfeited	(1)	$	2.50
Balance as of March 31, 20261	5,293	$	11.53	7.3	$	4.0
Vested and exercisable as of March 31, 2026	2,770	$	12.46	5.6	$	2.3

______________

(1)Includes 0.2 million of stock options with both service-based and performance-based conditions.

The weighted-average grant-date fair value of options granted during the three months ended March 31, 2026 was $5.99 per share. The aggregate intrinsic value of options exercised was $0.5 million for the three months ended March 31, 2026.

The per-share fair value of each stock option granted was determined on the date of grant using the following weighted-average assumptions:


	Three Months Ended March 31,
	2026		2025
Expected volatility	58.9	%	57.7	%
Expected term (in years)	6.1		6.0
Risk-free interest rate	4.0	%	4.2	%

Restricted Stock Units—A summary of the Company’s outstanding nonvested RSUs for its Plans is as follows:


	Number of Units (in thousands)	Weighted-Average Grant-Date Fair Value
Nonvested as of December 31, 20251	5,070	$	11.13
Granted	724	$	10.27
Vested1	(411)	$	11.79
Forfeited	(123)	$	11.01
Nonvested as of March 31, 20261	5,260	$	10.97

______________

(1)Includes less than 0.1 million of RSUs with both service-based and performance-based conditions.

The total fair value of shares that vested under RSUs was $4.6 million during the three months ended March 31, 2026.

Employee Stock Purchase Plan—The terms of the Employee Stock Purchase Plan (ESPP) provide for automatic increases in the number of shares reserved for issuance on January 1 of each calendar year, beginning in 2023 and through 2031, subject to terms of the ESPP. In accordance with these plan terms, the aggregate number of Class A common stock authorized for issuance under the ESPP increased by 0.7 million effective January 1, 2026. Prior to capitalizing amounts related to software development costs, the Company recognized stock-based compensation related to the ESPP of $0.2 million and $0.3 million during the three months ended March 31, 2026 and 2025, respectively.

Stock-Based Compensation—The Company recognized stock-based compensation under the Plans and ESPP as follows:


	Three Months Ended March 31,
(in millions)		2026		2025
Research and development		$	1.9	$	2.1
Sales and marketing		2.2		2.1
General and administrative		2.9		2.5
Total Stock-based Compensation		$	7.0	$	6.7

In addition, stock-based compensation capitalized related to software development costs was $0.6 million and $0.8 million during the three months ended March 31, 2026 and 2025, respectively.

- Definition

The entire disclosure for equity.

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+ Details

The Company and Basis of Presentation - Schedule of Segment Reporting (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Segment Reporting Information [Line Items]
Revenue	$ 222.2	$ 209.2
Depreciation and amortization	9.7	12.6
Total costs and expenses	195.0	208.5
Income from Operations	27.2	0.7
Reportable Segment
Segment Reporting Information [Line Items]
Revenue	222.2	209.2
Performance marketing	121.7	97.6
Personnel-related expenses	44.3	41.5
Stock-based compensation	7.6	7.5
Capitalized internally developed software costs	(4.5)	(5.1)
Depreciation and amortization	9.7	12.6
Other segment costs and expenses	16.2	54.4
Total costs and expenses	195.0	208.5
Income from Operations	$ 27.2	$ 0.7

Significant Condensed Consolidated Balance Sheet Components (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025	Dec. 31, 2025
Property, Plant and Equipment [Line Items]
Payments to acquire equity method investments	$ 2.0
Equity investments without readily determinable fair values	2.0
Capitalized software development costs, net of accumulated amortization	28.5		$ 29.7
Capitalized software development costs	4.5	$ 5.1
Amortization of capitalized software	$ (5.7)	$ (8.8)
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accrued expenses and other current liabilities		Accrued expenses and other current liabilities
Accrued expenses and other current liabilities including unbilled accounts payable	$ 45.1		$ 46.9
Accrued expenses and other current liabilities including operating lease liabilities	$ 2.0		$ 1.9
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other liabilities—noncurrent		Other liabilities—noncurrent
Other liabilities noncurrent including operating lease liabilities	$ 5.6		$ 6.1
Revolving Credit Facility \| Warehouse Line Of Credit \| Line of Credit
Property, Plant and Equipment [Line Items]
Warehouse line of credit	$ 14.9		$ 6.9

Net Income per Basic and Diluted Share -Schedule of Antidilutive Securities Excluded from Computation of Diluted Net Income Per Share (Details) - shares shares in Millions	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Shares subject to outstanding stock options and RSUs
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Effect of antidilutive common stock equivalents (in shares)	5.0	4.3

Stockholders' Equity - Stock Option Activity Narrative (Details) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2026 USD ($) $ / shares
Equity [Abstract]
Granted, weighted average grant-date fair value (in dollars per share) \| $ / shares	$ 5.99
Aggregate intrinsic value, options exercised in period \| $	$ 0.5

Stockholders' Equity - Stock-Based Compensation Expense (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total Stock-based Compensation	$ 7.0	$ 6.7
Research and development
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total Stock-based Compensation	1.9	2.1
Sales and marketing
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total Stock-based Compensation	2.2	2.1
General and administrative
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total Stock-based Compensation	$ 2.9	$ 2.5

Stockholders' Equity - Restricted Stock Unit Activity (Details) shares in Thousands	3 Months Ended
	Mar. 31, 2026 $ / shares shares
Restricted Stock Units (RSUs)
Number of Units (in thousands)
Beginning of period, nonvested (in shares)	5,070
Granted (in shares)	724
Vested (in shares)	(411)
Forfeited (in shares)	(123)
Ending of period, nonvested (in shares)	5,260
Weighted-Average Grant-Date Fair Value
Beginning of period, nonvested weighted average grant date fair value (in dollars per share) \| $ / shares	$ 11.13
Granted (in dollars per share) \| $ / shares	10.27
Vested (in dollars per share) \| $ / shares	11.79
Forfeited (in dollars per share) \| $ / shares	11.01
Ending of period, nonvested weighted average grant date fair value (in dollars per share) \| $ / shares	$ 10.97
Restricted stock units outstanding (in shares)	5,260
Restricted Stock Units, Service-Based And Performance-Based
Number of Units (in thousands)
Beginning of period, nonvested (in shares)	100
Ending of period, nonvested (in shares)	100
Weighted-Average Grant-Date Fair Value
Restricted stock units outstanding (in shares)	100

Stockholders' Equity - Stock Option Valuation Assumptions (Details) - Stock Options	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility	58.90%	57.70%
Expected term (in years)	6 years 1 month 6 days	6 years
Risk-free interest rate	4.00%	4.20%

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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+ Details

Fair Value Measurements

3 Months Ended

Mar. 31, 2026

Fair Value Disclosures [Abstract]

Fair Value Measurements

The Company’s assets that are measured at fair value on a recurring basis, by level, within the fair value hierarchy are summarized as follows:


(in millions)	Quoted Prices in Active Markets (Level 1)		Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Carrying Value
As of March 31, 2026
Cash and cash equivalents—money market funds	$	11.2	$	—	$	—	$	11.2
Mortgage loans held for sale	—		15.2		—		15.2
Total Assets Measured at Fair Value	$	11.2	$	15.2	$	—	$	26.4


(in millions)	Quoted Prices in Active Markets (Level 1)		Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Carrying Value
As of December 31, 2025
Cash and cash equivalents—money market funds	$	67.0	$	—	$	—	$	67.0
Mortgage loans held for sale	—		7.1		—		7.1
Certificate of deposit	—		2.3		—		2.3
Total Assets Measured at Fair Value	$	67.0	$	9.4	$	—	$	76.4

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References

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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Stockholders' Equity - Share Repurchase Plan (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2026	Feb. 25, 2026
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share repurchase program, additional amount authorized		$ 100.0
Repurchase of Class A common stock	$ 66.2
Common Class A
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Repurchase of Class A common stock (in shares)	6.0
Repurchase of Class A common stock	$ 66.2
Share repurchase program, excise taxes	0.4
Stock repurchase program, remaining authorized amount	$ 89.7

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Stockholders' Equity - Stock-Based Compensation Expense Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Equity [Abstract]
Share-based compensation capitalized	$ 0.6	$ 0.8

Fair Value Measurements (Details) - USD ($) $ in Millions	Mar. 31, 2026	Dec. 31, 2025
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgage loans held for sale	$ 15.2	$ 7.1
Total Assets Measured at Fair Value	26.4	76.4
Money Market Funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents—money market funds	11.2	67.0
Certificate of deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents—money market funds		2.3
Quoted Prices in Active Markets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgage loans held for sale	0.0	0.0
Total Assets Measured at Fair Value	11.2	67.0
Quoted Prices in Active Markets (Level 1) \| Money Market Funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents—money market funds	11.2	67.0
Quoted Prices in Active Markets (Level 1) \| Certificate of deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents—money market funds		0.0
Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgage loans held for sale	15.2	7.1
Total Assets Measured at Fair Value	15.2	9.4
Other Observable Inputs (Level 2) \| Money Market Funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents—money market funds	0.0	0.0
Other Observable Inputs (Level 2) \| Certificate of deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents—money market funds		2.3
Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgage loans held for sale	0.0	0.0
Total Assets Measured at Fair Value	0.0	0.0
Significant Unobservable Inputs (Level 3) \| Money Market Funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents—money market funds	$ 0.0	0.0
Significant Unobservable Inputs (Level 3) \| Certificate of deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents—money market funds		$ 0.0

The Company and Basis of Presentation - Narrative (Details)	3 Months Ended
	Mar. 31, 2026 segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of operating segments	1
Number of reportable segments	1

Stockholders' Equity - Employee Stock Purchase Plan (Details) - USD ($) shares in Millions, $ in Millions		3 Months Ended
	Jan. 01, 2026	Mar. 31, 2026	Mar. 31, 2025
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of additional shares authorized (in shares)	0.7
Share-based compensation expense		$ 7.0	$ 6.7
Employee Stock \| Class A Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense		$ 0.2	$ 0.3

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Mar. 31, 2026
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Terminated	false
Nicholas Tatum [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement	On March 4, 2026, Nicholas Tatum terminated a Rule 10b5-1 trading arrangement.
Name	Nicholas Tatum
Rule 10b5-1 Arrangement Terminated	true
Termination Date	March 4, 2026

Net Income per Basic and Diluted Share

3 Months Ended

Mar. 31, 2026

Earnings Per Share [Abstract]

Net Income per Basic and Diluted Share

The following table provides the basic and diluted per share computations for net income attributable to common stockholders:


	Three Months Ended March 31,
(in millions, except per share amounts)		2026		2025
Numerator:
Net income attributable to common stockholders—basic and diluted		$	20.4	$	0.2
Denominator:
Weighted-average shares of common stock—basic		68.2		74.2
Effect of dilutive RSUs, stock options and ESPP shares		1.3		1.9
Weighted-average shares of common stock—diluted		69.5		76.1
Net income per share attributable to common stockholders:
Basic		$	0.30	$	0.00
Diluted		$	0.29	$	0.00

The following common stock equivalents were excluded from the computation of diluted net income per share because including them would have been antidilutive:


	Three Months Ended March 31,
(in millions)		2026	2025
Shares subject to outstanding stock options and RSUs		5.0	4.3

Cover - shares	3 Months Ended
Cover - shares	Mar. 31, 2026	May 01, 2026
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2026
Document Transition Report	false
Entity File Number	001-40994
Entity Registrant Name	NerdWallet, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	45-4180440
Entity Address, Address Line One	19 S. B Street
Entity Address, Address Line Two	Suite 9
Entity Address, City or Town	San Mateo
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94401
City Area Code	415
Local Phone Number	549-8913
Title of 12(b) Security	Class A common stock, $0.0001 par value
Trading Symbol	NRDS
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Amendment Flag	false
Entity Central Index Key	0001625278
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2026
Current Fiscal Year End Date	--12-31
Common Class A
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		34,113,131
Common Class B
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		31,685,652

The Company and Basis of Presentation (Tables)

3 Months Ended

Mar. 31, 2026

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Segment Reporting

Components of segment costs and expenses, along with a reconciliation to income from operations, are as follows:


	Three Months Ended March 31,
(in millions)		2026		2025
Revenue		$	222.2	$	209.2

Costs and Expenses:
Performance marketing		121.7		97.6
Personnel-related expenses1		44.3		41.5
Stock-based compensation1		7.6		7.5
Capitalized internally developed software costs		(4.5)		(5.1)
Depreciation and amortization		9.7		12.6
Other segment costs and expenses2		16.2		54.4
Total costs and expenses		195.0		208.5
Income from Operations		$	27.2	$	0.7

______________

(1) Gross of capitalized internally developed software costs.

(2) Primarily includes cost of revenue and non-personnel-related operating expenses (each excluding depreciation and amortization), acquisition-related expenses and retention, and brand marketing.

Schedule of Sales and Marketing Expense

Components of sales and marketing expenses are as follows:


	Three Months Ended March 31,
(in millions)		2026		2025
Performance marketing		$	121.7	$	97.6
Other marketing		27.4		62.1
Total Sales and Marketing		$	149.1	$	159.7

Net Income per Basic and Diluted Share (Tables)

3 Months Ended

Mar. 31, 2026

Earnings Per Share [Abstract]

Schedule of Net Income Per Share, Basic and Diluted

The following table provides the basic and diluted per share computations for net income attributable to common stockholders:


	Three Months Ended March 31,
(in millions, except per share amounts)		2026		2025
Numerator:
Net income attributable to common stockholders—basic and diluted		$	20.4	$	0.2
Denominator:
Weighted-average shares of common stock—basic		68.2		74.2
Effect of dilutive RSUs, stock options and ESPP shares		1.3		1.9
Weighted-average shares of common stock—diluted		69.5		76.1
Net income per share attributable to common stockholders:
Basic		$	0.30	$	0.00
Diluted		$	0.29	$	0.00

Schedule of Antidilutive Securities Excluded from Computation of Diluted Net Income Per Share

The following common stock equivalents were excluded from the computation of diluted net income per share because including them would have been antidilutive:


	Three Months Ended March 31,
(in millions)		2026	2025
Shares subject to outstanding stock options and RSUs		5.0	4.3

Net Income per Basic and Diluted Share - Basic and Diluted Per Share Computations for Net Income (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Numerator:
Net income attributable to common stockholders—basic	$ 20.4	$ 0.2
Net income attributable to common stockholders—diluted	$ 20.4	$ 0.2
Denominator:
Weighted-average shares of common stock — basic (in shares)	68.2	74.2
Effect of dilutive RSUs, stock options and ESPP shares (in shares)	1.3	1.9
Weighted-average shares of common stock — diluted (in shares)	69.5	76.1
Net income per share attributable to common stockholders:
Basic (in dollars per share)	$ 0.30	$ 0.00
Diluted (in dollars per share)	$ 0.29	$ 0.00

Revenue (Tables)

3 Months Ended

Mar. 31, 2026

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue

The following presents a disaggregation of the Company’s revenue based on user group:


	Three Months Ended March 31,
(in millions)		2026		2025
Consumer		$	197.6	$	180.3
SMB		24.6		28.9
Total Revenue		$	222.2	$	209.2

Business Combination (Details) - USD ($) $ in Millions			3 Months Ended
Business Combination (Details) - USD ($) $ in Millions	Feb. 20, 2026	Nov. 03, 2025	Mar. 31, 2026	Dec. 31, 2025
Asset Acquisition [Line Items]
Goodwill			$ 136.3	$ 123.5
College Finance Company, LLC
Asset Acquisition [Line Items]
Business combination, voting equity interest acquired, percentage	100.00%
Consideration transferred	$ 17.2
Payments to acquire businesses			16.9
Business combination, contingent consideration	1.5
Fair value of assets acquired totaled	7.7
Cash and cash equivalents acquired	1.1
Intangible asset acquired	5.0
Fair value of liabilities assumed	3.4
Accounts payable, current	3.2
Goodwill	$ 12.9
Acquisition related costs			$ 1.2
College Finance Company, LLC \| Restricted Stock Units (RSUs)
Asset Acquisition [Line Items]
Restricted stock awards granted		$ 3.1
Award vesting period in years	4 years
Award vesting period, cliff	1 year
College Finance Company, LLC \| Developed Technology Rights
Asset Acquisition [Line Items]
Intangible asset acquired	$ 3.6
Finite-Lived Intangible Asset, Useful Life	3 years
College Finance Company, LLC \| Trade Names
Asset Acquisition [Line Items]
Intangible asset acquired	$ 1.4
Finite-Lived Intangible Asset, Useful Life	3 years

Business Combination	3 Months Ended
Business Combination	Mar. 31, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]
Business Combination	Business Combination Acquisition of College Finance Company, LLC.—On February 20, 2026, the Company entered into a Membership Interest Purchase Agreement with inspHIRE IO Corp., d/b/a Candidly, pursuant to which the Company agreed to acquire 100% of the outstanding membership interests of College Finance Company, LLC (College Finance), which operates a student loan marketplace to connect borrowers with lenders. The preliminary purchase consideration for this acquisition was $17.2 million, of which $16.9 million in cash was paid during the three months ended March 31, 2026 including $1.5 million which was placed into escrow to secure potential post-closing indemnification rights. The fair values of assets acquired totaled $7.7 million, and was primarily comprised of $1.1 million of cash and cash equivalents, and $5.0 million in intangible assets. The intangible assets acquired were comprised of $3.6 million for developed technology and $1.4 million for a trade name, each with a three-year estimated useful life. The fair value of liabilities assumed totaled $3.4 million, and was primarily comprised of $3.2 million in accounts payable. Additionally, the Company recorded $12.9 million of goodwill, which is primarily attributable to synergies from combining the operations of the Company and College Finance, as well as the value ascribed to the knowledge and experience of the continuing key employees. For income tax purposes, the acquisition is an asset purchase and goodwill is tax deductible. Concurrently with the closing of this acquisition, the Company’s Board of Directors granted restricted stock units (RSUs) with an aggregate grant-date fair value of $3.1 million to the certain continuing key employees of College Finance. The RSUs generally vest over four years subject to a one-year cliff and quarterly vesting thereafter, with vesting generally subject to the grantees’ continued employment with the Company. The fair value of these RSUs is recognized as stock-based compensation expense ratably over the respective vesting terms of the RSUs. The fair value of these RSUs is excluded from the purchase consideration and accounted for separately from the business combination. Acquisition-related costs of $1.2 million were incurred during the three months ended March 31, 2026, and are included in general and administrative expense on the condensed consolidated statements of operations. The contributions from this acquisition following the closing date through March 31, 2026 were not material to the Company’s revenue and operating income for the three months ended March 31, 2026. Pro forma results of operations have not been provided to reflect this acquisition as such results would not have been materially different from the Company’s reported results.

- Definition

The entire disclosure for business combination.

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+ Details

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 56.3	$ 98.3
Accounts receivable—net	113.1	111.0
Prepaid expenses and other current assets	37.0	35.4
Total current assets	206.4	244.7
Property, equipment and software—net	30.7	31.8
Goodwill	136.3	123.5
Intangible assets—net	22.8	21.5
Deferred tax asset—noncurrent	24.0	29.4
Right-of-use assets	6.7	7.1
Other assets	5.1	3.1
Total Assets	432.0	461.1
Current liabilities:
Accounts payable	6.6	5.4
Accrued expenses and other current liabilities	73.7	65.5
Total current liabilities	80.3	70.9
Other liabilities—noncurrent	15.5	15.7
Total liabilities	95.8	86.6
Commitments and contingencies (Note 6)
Stockholders’ equity:
Preferred stock—$0.0001 par value per share—5,000 shares authorized; zero shares issued and outstanding	0.0	0.0
Common stock—$0.0001 par value per share—296,686 shares authorized; 65,791 and 71,289 shares issued and outstanding as of March 31, 2026 and December 31, 2025	0.0	0.0
Additional paid-in capital	570.2	562.5
Accumulated other comprehensive income (loss)	(0.1)	0.1
Accumulated deficit	(233.9)	(188.1)
Total stockholders’ equity	336.2	374.5
Total Liabilities and Stockholders’ Equity	$ 432.0	$ 461.1

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Income Statement [Abstract]
Revenue	$ 222.2	$ 209.2
Costs and Expenses:
Cost of revenue	13.6	18.2
Research and development	16.8	16.8
Sales and marketing	149.1	159.7
General and administrative	15.5	13.8
Total costs and expenses	195.0	208.5
Income from Operations	27.2	0.7
Other income, net:
Interest income	0.9	0.7
Interest expense	(0.2)	(0.1)
Other gains, net	0.1	0.0
Total other income, net	0.8	0.6
Income before income taxes	28.0	1.3
Income tax provision	7.6	1.1
Net Income	$ 20.4	$ 0.2
Net Income per Share Attributable to Common Stockholders
Basic (in dollars per share)	$ 0.30	$ 0.00
Diluted (in dollars per share)	$ 0.29	$ 0.00
Weighted-average Shares Used in Computing Net Income per Share Attributable to Common Stockholders
Basic (in shares)	68.2	74.2
Diluted (in shares)	69.5	76.1

Income Taxes	3 Months Ended
Income Taxes	Mar. 31, 2026
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company’s tax provisions for interim reporting periods during 2026 and 2025 were determined using an estimated annual effective tax rate which is adjusted for discrete items occurring during the periods presented. The Company’s effective tax rates for the three months ended March 31, 2026 and 2025 differ from the U.S. federal statutory income tax rate of 21% primarily due to state taxes and interest on uncertain tax positions. The primary difference between the Company’s effective tax rate and the statutory federal income tax rate for the three months ended March 31, 2025 was due to discrete items related to stock-based compensation and uncertain tax positions. The Company maintains a valuation allowance on its California deferred tax assets, which consist primarily of tax credits, as of March 31, 2026. The Company’s judgment regarding the likelihood of realization of these deferred tax assets could change in future periods, which could result in a material impact to the Company’s income tax provision in the period of change.

- Definition

The entire disclosure for income tax.

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+ Details

Commitments and Contingencies	3 Months Ended
Commitments and Contingencies	Mar. 31, 2026
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Commitments and Other Financial Arrangements—The Company has certain financial commitments and other arrangements including unused letters of credit, commitments under leases, and an outstanding warehouse line of credit. As of March 31, 2026, there were no material changes to the Company’s commitments and other financial arrangements as disclosed in Note 8–Commitments and Contingencies in the notes to the consolidated financial statements in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025. Litigation and Other Legal Matters—The Company is involved from time to time in litigation, claims, and proceedings. Periodically, the Company evaluates the status of each legal matter and assesses potential financial exposure. If the potential loss from any legal proceeding or litigation is considered probable and the amount can be reasonably estimated, the Company accrues a liability for the estimated loss. Significant judgment is required to determine the probability of a loss and whether the amount of the loss is reasonably estimable. The outcome of any proceeding is not determinable in advance. As a result, the assessment of a potential liability and the amount of accruals recorded are based only on the information available at the time. As additional information becomes available, the Company reassesses the potential liability related to the legal proceeding or litigation, and may revise its estimates. Management is not currently aware of any matters that it expects will have a material effect on the financial position, results of operations, or cash flows of the Company. The Company has not accrued any material potential loss as of March 31, 2026 or December 31, 2025.

Stockholders' Equity (Tables)

3 Months Ended

Mar. 31, 2026

Equity [Abstract]

Schedule of Stock Options

A summary of the Company’s stock option activity for its Plans is as follows:


	Outstanding Stock Options (in thousands)	Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Life (in years)	Aggregate Intrinsic Value (in millions)
Balance as of December 31, 20251	4,786	$	11.58	7.2	$	13.4
Granted	581	$	10.18
Exercised	(73)	$	3.90
Cancelled/forfeited	(1)	$	2.50
Balance as of March 31, 20261	5,293	$	11.53	7.3	$	4.0
Vested and exercisable as of March 31, 2026	2,770	$	12.46	5.6	$	2.3

______________

(1)Includes 0.2 million of stock options with both service-based and performance-based conditions.

Schedule of Weighted-Average Assumptions and Ranges of Fair Value of Common Stock

The per-share fair value of each stock option granted was determined on the date of grant using the following weighted-average assumptions:


	Three Months Ended March 31,
	2026		2025
Expected volatility	58.9	%	57.7	%
Expected term (in years)	6.1		6.0
Risk-free interest rate	4.0	%	4.2	%

Schedule of Outstanding Nonvested RSUs

A summary of the Company’s outstanding nonvested RSUs for its Plans is as follows:


	Number of Units (in thousands)	Weighted-Average Grant-Date Fair Value
Nonvested as of December 31, 20251	5,070	$	11.13
Granted	724	$	10.27
Vested1	(411)	$	11.79
Forfeited	(123)	$	11.01
Nonvested as of March 31, 20261	5,260	$	10.97

______________

(1)Includes less than 0.1 million of RSUs with both service-based and performance-based conditions.

Schedule of Stock-based Compensation Expense

The Company recognized stock-based compensation under the Plans and ESPP as follows:


	Three Months Ended March 31,
(in millions)		2026		2025
Research and development		$	1.9	$	2.1
Sales and marketing		2.2		2.1
General and administrative		2.9		2.5
Total Stock-based Compensation		$	7.0	$	6.7

Stockholders' Equity - Restricted Stock Unit Activity Narrative (Details) $ in Millions	3 Months Ended
	Mar. 31, 2026 USD ($)
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of shares vested under RSUs during period	$ 4.6

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Stockholders' Equity - Stock Option Activity (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2026	Dec. 31, 2025
Outstanding Stock Options (in thousands)
Beginning of period (in shares)	4,786
Granted (in shares)	581
Exercised (in shares)	(73)
Cancelled/forfeited (in shares)	(1)
End of period (in shares)	5,293	4,786
Vested and exercisable (in shares)	2,770
Weighted-Average Exercise Price
Beginning of period (in dollars per share)	$ 11.58
Granted (in dollars per share)	10.18
Exercised (in dollars per share)	3.90
Cancelled/forfeited (in dollars per share)	2.50
End of period (in dollars per share)	11.53	$ 11.58
Vested and exercisable (in dollars per share)	$ 12.46
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Weighted-Average Remaining Contractual Life (in years)	7 years 3 months 18 days	7 years 2 months 12 days
Weighted-Average Remaining Contractual Life, Vested and exercisable (in years)	5 years 7 months 6 days
Aggregate intrinsic value, outstanding	$ 4.0	$ 13.4
Aggregate intrinsic value, Vested and exercisable	$ 2.3
Stock Options with both Service-Based and Performance-Based Conditions
Outstanding Stock Options (in thousands)
Beginning of period (in shares)	200
End of period (in shares)	200	200

Significant Condensed Consolidated Balance Sheet Components	3 Months Ended
	Mar. 31, 2026
Significant Consolidated Balance Sheet Components [Abstract]
Significant Condensed Consolidated Balance Sheet Components	Significant Condensed Consolidated Balance Sheet Components During the three months ended March 31, 2026, the Company made a strategic investment of $2.0 million in equity securities of a privately-held company over which the Company does not exercise significant influence. These equity securities do not have a readily determinable fair value and are accounted for under the measurement alternative. Under the measurement alternative, the carrying value of the security is measured at cost less any impairment, and adjusted for changes resulting from observable price changes in orderly transactions for identical or similar securities of the same issuer. An equity security without a readily determinable fair value is considered impaired when the fair value of the Company’s interest is less than the carrying value. Equity investments without readily determinable fair values are included in other assets on the Company’s condensed consolidated balance sheet, and any related gains or losses would be included in other gains (losses), net on the Company’s condensed consolidated statements of operations. Equity investments without readily determinable fair values were $2.0 million as of March 31, 2026, and there were no related changes in carrying amount or impairment during three months ended March 31, 2026. Property, equipment and software, net includes capitalized software development costs, net of accumulated amortization, of $28.5 million and $29.7 million as of March 31, 2026 and December 31, 2025, respectively. The Company capitalized $4.5 million and $5.1 million of software development costs during the three months ended March 31, 2026 and 2025, respectively. The Company recorded amortization expense related to capitalized software development costs of $5.7 million and $8.8 million during the three months ended March 31, 2026 and 2025, respectively. Accrued expenses and other current liabilities includes unbilled accounts payable of $45.1 million and $46.9 million, short‑term borrowings under a warehouse line of credit of $14.9 million and $6.9 million, and operating lease liabilities of $2.0 million and $1.9 million, as of March 31, 2026 and December 31, 2025, respectively. Other liabilities—noncurrent includes operating lease liabilities of $5.6 million and $6.1 million as of March 31, 2026 and December 31, 2025, respectively.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Operating Activities:
Net Income	$ 20.4	$ 0.2
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	9.7	12.6
Stock-based compensation	7.0	6.7
Deferred taxes	5.4	(0.3)
Non-cash lease costs	0.4	0.6
Other losses, net	0.2	0.7
Changes in operating assets and liabilities, net of business combination:
Accounts receivable	(1.6)	(18.7)
Prepaid expenses and other assets	5.2	3.5
Mortgage loans held for sale	(8.1)	(4.4)
Accounts payable	(2.1)	15.3
Accrued expenses and other current liabilities	(0.7)	11.3
Operating lease liabilities	(0.5)	(0.9)
Other liabilities	0.4	0.1
Net cash provided by operating activities	35.7	26.7
Investing Activities:
Purchase of investment	(2.0)	0.0
Liquidation of certificate of deposit	2.3	0.0
Capitalized software development costs	(3.8)	(4.4)
Purchases of property and equipment	(0.4)	(0.2)
Business combination, net of cash acquired	(15.8)	0.0
Net cash used in investing activities	(19.7)	(4.6)
Financing Activities:
Net borrowing on warehouse line of credit	8.0	4.3
Proceeds from exercises of stock options	0.3	0.0
Tax payments related to net-share settlements on restricted stock units	(0.2)	(0.5)
Repurchases of Class A common stock	(66.0)	0.0
Net cash provided by (used in) financing activities	(57.9)	3.8
Effect of exchange rate changes on cash and cash equivalents	(0.1)	0.0
Net increase (decrease) in cash and cash equivalents	(42.0)	25.9
Cash and Cash Equivalents:
Beginning of period	98.3	66.3
End of period	56.3	92.2
Supplemental Disclosures of Non-Cash Investing and Financing Activities:
Capitalized software development costs recorded in accounts payable and accrued expenses and other current liabilities	0.7	0.3
Repurchases of Class A common stock recorded in accrued expenses and other current liabilities	0.6	0.3
Supplemental Disclosures of Cash Flow Information:
Income tax payments	0.1	2.9
Income tax refunds	6.0	0.0
Cash paid for interest	0.3	0.1
Supplemental Cash Flow Disclosure Related to Operating Leases:
Cash paid for amounts included in the measurement of lease liabilities	$ 0.6	$ 1.0

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - USD ($) shares in Thousands, $ in Millions	Total	Common Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Income (Loss)	Accumulated Deficit
Beginning balance (in shares) at Dec. 31, 2024		74,108
Beginning balance at Dec. 31, 2024	$ 364.2	$ 0.0	$ 530.9	$ (0.2)	$ (166.5)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of Class A common stock upon exercise of stock options (in shares)		5
Issuance of Class A common stock pursuant to settlement of restricted stock units (in shares)		431
Class A common stock withheld related to net share settlement of restricted stock units (in shares)		(52)
Class A common stock withheld related to net share settlement of restricted stock units	(0.5)		(0.5)
Stock-based compensation	7.5		7.5
Other comprehensive (loss) income	0.2			0.2
Net income	0.2				0.2
Ending balance (in shares) at Mar. 31, 2025		74,492
Ending balance at Mar. 31, 2025	$ 371.6	$ 0.0	537.9	0.0	(166.3)
Beginning balance (in shares) at Dec. 31, 2025	71,289	71,289
Beginning balance at Dec. 31, 2025	$ 374.5	$ 0.0	562.5	0.1	(188.1)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of Class A common stock upon exercise of stock options (in shares)	73	73
Issuance of Class A common stock upon exercise of stock options	$ 0.3		0.3
Issuance of Class A common stock pursuant to settlement of restricted stock units (in shares)		411
Class A common stock withheld related to net share settlement of restricted stock units (in shares)		(19)
Class A common stock withheld related to net share settlement of restricted stock units	(0.2)		(0.2)
Repurchase of Class A common stock (in shares)		(5,963)
Repurchase of Class A common stock	(66.2)				(66.2)
Stock-based compensation	7.6		7.6
Other comprehensive (loss) income	(0.2)			(0.2)
Net income	$ 20.4				20.4
Ending balance (in shares) at Mar. 31, 2026	65,791	65,791
Ending balance at Mar. 31, 2026	$ 336.2	$ 0.0	$ 570.2	$ (0.1)	$ (233.9)

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Mar. 31, 2026	Dec. 31, 2025
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per shares)	$ 0.0001	$ 0.0001
Preferred stock, authorized (in shares)	5,000,000	5,000,000
Preferred stock, issued (in shares)	0	0
Preferred stock, outstanding (in shares)	0	0
Common stock, par value (in dollars per shares)	$ 0.0001	$ 0.0001
Common stock, authorized (in shares)	296,686,000	296,686,000
Common stock, issued (in shares)	65,791,000	71,289,000
Common stock, outstanding (in shares)	65,791,000	71,289,000

Revenue - Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2026	Dec. 31, 2025
Revenue from Contract with Customer [Abstract]
Contract assets	$ 5.4	$ 3.5

The Company and Basis of Presentation - Schedule of Sales and Marketing Expense (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Sales and marketing	$ 149.1	$ 159.7
Performance marketing
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Sales and marketing	121.7	97.6
Other marketing
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Sales and marketing	$ 27.4	$ 62.1

The Company and Basis of Presentation (Policies)	3 Months Ended
The Company and Basis of Presentation (Policies)	Mar. 31, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	The accompanying unaudited interim condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) and applicable rules and regulations of the U.S. Securities and Exchange Commission (SEC) regarding interim financial reporting. Accordingly, the accompanying unaudited interim condensed consolidated financial statements do not include all disclosures normally required in annual consolidated financial statements prepared in accordance with GAAP. The accompanying unaudited interim condensed consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements and notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025. In the opinion of management, the accompanying unaudited interim condensed consolidated financial statements have been prepared on the same basis as the audited consolidated financial statements, and include all adjustments, consisting only of normal recurring adjustments, necessary for the fair statement of the Company’s financial position and results of operations for the periods presented.
Consolidation	The accompanying unaudited interim condensed consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All intercompany transactions and balances have been eliminated in consolidation. Certain comparative amounts for the three months ended March 31, 2025 have been reclassified to conform to the presentation as of and for the three months ended March 31, 2026. The results of operations for the three months ended March 31, 2026 are not necessarily indicative of the results to be expected for the full year or any other future period.
Recently Adopted Accounting Pronouncement and Recently Issued Accounting Pronouncements Not Yet Adopted	In July 2025, the Financial Accounting Standards Board issued Accounting Standards Update (ASU) No. 2025-05, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets (ASU 2025-05), which provides a practical expedient related to the estimation of expected credit losses for current accounts receivable and current contract assets that arise from transactions accounted for under Accounting Standards Codification 606, Revenue From Contracts with Customers. The practical expedient allows an entity to assume that current conditions as of the balance sheet date do not change for the remaining life of the asset. The Company adopted the provisions of ASU 2025-05 as of January 1, 2026, and such adoption did not have an impact on the Company’s financial condition and results of operations within its condensed consolidated financial statements.

Revenue - Schedule of Disaggregation of Revenue (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Disaggregation of Revenue [Line Items]
Revenue	$ 222.2	$ 209.2
Consumer
Disaggregation of Revenue [Line Items]
Revenue	197.6	180.3
SMB
Disaggregation of Revenue [Line Items]
Revenue	$ 24.6	$ 28.9

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Statement of Comprehensive Income [Abstract]
Net Income	$ 20.4	$ 0.2
Other Comprehensive Income (Loss):
Change in foreign currency translation	(0.2)	0.2
Comprehensive Income	$ 20.2	$ 0.4

- Definition

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners.

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+ Details

Stockholders' Equity - Equity Incentive Plan Narrative (Details) - 2021 Equity Incentive Plan - Common Class A - shares shares in Millions	Jan. 01, 2026	Jan. 01, 2023
Class of Stock [Line Items]
Increase in shares reserved for issuance (in shares)	3.6
Stock Options
Class of Stock [Line Items]
Annual increase in shares authorized, percentage		5.00%

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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+ Details

Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2026

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The Company’s assets that are measured at fair value on a recurring basis, by level, within the fair value hierarchy are summarized as follows:


(in millions)	Quoted Prices in Active Markets (Level 1)		Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Carrying Value
As of March 31, 2026
Cash and cash equivalents—money market funds	$	11.2	$	—	$	—	$	11.2
Mortgage loans held for sale	—		15.2		—		15.2
Total Assets Measured at Fair Value	$	11.2	$	15.2	$	—	$	26.4


(in millions)	Quoted Prices in Active Markets (Level 1)		Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Carrying Value
As of December 31, 2025
Cash and cash equivalents—money market funds	$	67.0	$	—	$	—	$	67.0
Mortgage loans held for sale	—		7.1		—		7.1
Certificate of deposit	—		2.3		—		2.3
Total Assets Measured at Fair Value	$	67.0	$	9.4	$	—	$	76.4