Estados financieros detallados de NerdWallet, Inc. (NRDS): cuenta de resultados, balance general y flujo de caja. Sigue la evolución de márgenes, deuda, liquidez y rentabilidad año a año con hasta 20 años de histórico.
Resumen del Análisis
NerdWallet, Inc. registró ingresos de $836.6M en el último ejercicio fiscal, con un CAGR de 5 años del 27.8%. El beneficio neto alcanzó $48.7M, con un CAGR a 5 años del 55.8%.
Márgenes de los últimos 12 meses: margen bruto 93.5%, margen operativo 10.4%, margen neto 7.6%.
Al precio actual de $9.41, NRDS cotiza a un P/E de 10.34 y un ROE del 18.07%. La capitalización bursátil es de $685M.
Cuenta de Resultados (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $228.3M | $245.3M | $379.6M | $538.9M | $599.4M | $687.6M | $836.6M |
| Coste de Ventas | $16.1M | $21.3M | $28.5M | $39.8M | $54.0M | $63.5M | $63.7M |
| Beneficio Bruto | $212.2M | $224.0M | $351.1M | $499.1M | $545.4M | $624.1M | $772.9M |
| I+D | $46.0M | $50.9M | $62.2M | $77.6M | $80.5M | $82.5M | $66.7M |
| Generales y Administrativos | $137.8M | $172.0M | $309.8M | $433.8M | $461.3M | $532.2M | $641.0M |
| Gastos Operativos | $183.8M | $222.1M | $390.1M | $518.1M | $541.8M | $614.7M | $703.3M |
| Beneficio Operativo | $28.4M | $1.9M | -$39.0M | -$19.0M | $3.6M | $9.4M | $69.6M |
| EBITDA | $38.4M | $17.1M | -$1.4M | $19.5M | $55.3M | $54.1M | $116.0M |
| Gastos por Intereses | $1.1M | $1.1M | $1.3M | $2.5M | $800000 | $700000 | $600000 |
| Beneficio Antes de Impuestos | $27.9M | $900000 | -$37.7M | -$20.0M | $6.3M | $5.0M | $68.2M |
| Impuestos | $3.7M | -$4.4M | $4.8M | -$9.8M | $18.1M | -$25.4M | $19.5M |
| Beneficio Neto | $24.2M | $5.3M | -$42.5M | -$10.2M | -$11.8M | $30.4M | $48.7M |
| BPA | $0.37 | $0.08 | $-0.63 | $-0.14 | $-0.15 | $0.40 | $0.66 |
| BPA Diluido | $0.37 | $0.08 | $-0.63 | $-0.14 | $-0.15 | $0.39 | $0.64 |
| Acciones en Circulación (Diluidas) | $65.8M | $65.8M | $67.1M | $70.6M | $76.7M | $78.9M | $75.9M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $215.1M | $225.4M | $222.2M | $197.3M |
| Beneficio Bruto | $199.8M | $211.8M | $208.6M | $183.9M |
| Beneficio Operativo | $34.4M | $19.4M | $28.5M | $7.0M |
| EBITDA | $47.3M | $29.5M | $38.2M | $26.4M |
| Beneficio Neto | $26.3M | $14.0M | $20.4M | $4.3M |
| BPA | $0.35 | $0.19 | $0.30 | $0.07 |
| BPA Diluido | $0.34 | $0.19 | $0.29 | $0.07 |
Balance (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $67.6M | $83.4M | $167.8M | $83.9M | $100.4M | $66.3M | $98.3M |
| Inversiones a Corto | 0 | $2.0M | $2.0M | $2.0M | $2.1M | $2.2M | 0 |
| Cuentas por Cobrar | $37.3M | $38.7M | $60.6M | $92.8M | $81.0M | $109.0M | $111.0M |
| Inventario | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Corrientes | $107.9M | $129.4M | $242.8M | $189.2M | $198.4M | $196.7M | $244.7M |
| Inmovilizado Material | $34.1M | $41.7M | $48.8M | $60.4M | $59.8M | $48.3M | $38.9M |
| Fondo de Comercio | $300000 | $43.8M | $43.8M | $111.2M | $111.5M | $112.4M | $123.5M |
| Activos Intangibles | 0 | $35.6M | $27.6M | $64.1M | $46.9M | $33.3M | $21.5M |
| Activos Totales | $144.6M | $255.2M | $364.1M | $425.7M | $418.6M | $437.6M | $461.1M |
| Cuentas por Pagar | $1.8M | $5.4M | $3.2M | $3.6M | $1.7M | $8.9M | $5.4M |
| Deuda a Corto | $5.0M | 0 | 0 | 0 | 0 | $2.5M | 0 |
| Pasivos Corrientes | $26.9M | $24.0M | $65.8M | $72.4M | $37.3M | $60.1M | $70.9M |
| Deuda a Largo | $30.7M | $30.3M | 0 | 0 | 0 | 0 | 0 |
| Pasivos Totales | $136.6M | $172.5M | $106.5M | $84.0M | $51.7M | $73.4M | $86.6M |
| Reservas | -$20.2M | -$17.7M | -$74.5M | -$84.7M | -$116.5M | -$166.5M | -$188.1M |
| Patrimonio Neto | $8.0M | $82.7M | $257.6M | $341.7M | $366.9M | $364.2M | $374.5M |
| Deuda Total | $49.4M | $45.1M | $15.1M | $12.7M | $9.6M | $8.9M | 0 |
| Deuda Neta | -$18.2M | -$40.3M | -$154.7M | -$73.2M | -$92.9M | -$59.6M | -$98.3M |
| Capital Circulante | $81.0M | $105.4M | $177.0M | $116.8M | $161.1M | $136.6M | $173.8M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $120.6M | $98.3M | $56.3M | $62.0M |
| Activos Totales | $492.8M | $461.1M | $432.0M | $418.0M |
| Pasivos Totales | $90.4M | $86.6M | $95.8M | $92.2M |
| Patrimonio Neto | $402.4M | $374.5M | $336.2M | $325.8M |
| Deuda Total | 0 | $14.9M | 0 | $5.1M |
Flujo de Caja (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | $24.2M | $5.3M | -$42.5M | -$10.2M | -$11.8M | $30.4M | $48.7M |
| Amortizaciones | $9.4M | $15.1M | $27.1M | $37.0M | $48.2M | $48.4M | $46.4M |
| Compensación en Acciones | $5.0M | $6.4M | $17.9M | $34.4M | $38.8M | $37.7M | $28.6M |
| Cambio en Capital Circulante | -$16.3M | -$12.7M | -$23.6M | -$22.7M | -$5.2M | -$9.4M | -$12.1M |
| Flujo de Caja Operativo | $31.4M | $15.4M | $7.2M | $25.0M | $72.1M | $71.8M | $131.6M |
| Inversiones (CapEx) | -$14.8M | -$18.7M | -$23.0M | -$32.2M | -$29.5M | -$600000 | -$1.3M |
| Adquisiciones | 0 | -$36.7M | 0 | -$68.1M | 0 | -$300000 | 0 |
| Recompra de Acciones | -$2.3M | -$1.2M | -$12.9M | 0 | -$20.0M | -$80.1M | -$70.2M |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | $16.6M | -$3.3M | -$15.8M | -$7.2M | $42.6M | $71.2M | $130.3M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | $48.5M | $38.9M | $35.7M | $41.2M |
| Inversiones (CapEx) | -$4.4M | -$4.8M | -$4.2M | -$3.7M |
| Flujo de Caja Libre | $44.1M | $34.1M | $31.5M | $37.5M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $6.7M | $7.0M | $7.0M | $6.9M |
Crecimiento y Márgenes (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | +7.4% | +54.7% | +42.0% | +11.2% | +14.7% | +21.7% |
| Crecimiento Beneficio Neto (anual) | | -78.1% | -901.9% | +76.0% | -15.7% | +357.6% | +60.2% |
| Crecimiento BPA (anual) | | -78.2% | -882.6% | +77.8% | -7.1% | +366.7% | +65.0% |
| Cambio en Acciones (anual) | | +0.0% | +1.9% | +5.3% | +8.6% | +2.9% | -3.8% |
| Crecimiento FCF (anual) | | -119.9% | -378.8% | +54.4% | +691.7% | +67.1% | +83.0% |
| Margen Bruto | 92.9% | 91.3% | 92.5% | 92.6% | 91.0% | 90.8% | 92.4% |
| Margen Operativo | 12.4% | 0.8% | -10.3% | -3.5% | 0.6% | 1.4% | 8.3% |
| Margen EBITDA | 16.8% | 7.0% | -0.4% | 3.6% | 9.2% | 7.9% | 13.9% |
| Margen Neto | 10.6% | 2.2% | -11.2% | -1.9% | -2.0% | 4.4% | 5.8% |
| Margen FCF | 7.3% | -1.3% | -4.2% | -1.3% | 7.1% | 10.4% | 15.6% |
| Tasa Impositiva Efectiva | 13.3% | -488.9% | -12.7% | 49.0% | 287.3% | -508.0% | 28.6% |
Datos por Acción (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $0.25 | $-0.05 | $-0.24 | $-0.10 | $0.56 | $0.90 | $1.72 |
| Dividendo por Acción | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Acciones en Circulación (Básicas) | $65.8M | $65.8M | $67.1M | $70.6M | $76.7M | $76.5M | $74.3M |
Qué mirar en empresas de Communication Services
- Crecimiento de ingresos 3a (≥15%/año) — Valida tracción sostenida, no un año puntual.
- Margen bruto (Depende del sub-sector) — SaaS ≥70%, Internet ≥55%, Semis ≥45%, Hardware ≥35%.
- FCF / Ingresos (≥20%) — Caja real generada. Muchas tech maquillan beneficios non-GAAP.
- ROIC (≥15%) — Eficiencia del capital reinvertido — la primera métrica de Buffett.
- SBC / Ingresos (<10% saludable) — Stock-based compensation. Dilución silenciosa: >20% destruye valor.
- Deuda Neta / EBITDA (≤2x (1,5x SaaS)) — Resistencia en recesiones y subidas de tipos.
Rentabilidad
| Rentabilidad sobre capital | 18.07% |
| Rentabilidad sobre capital invertido | 18.76% |
| Rentabilidad sobre activos | 15.55% |
| Margen bruto | 93.50% |
| Margen operativo | 10.38% |
| Margen neto | 7.56% |
Salud financiera
| Deuda / Patrimonio | 0.02 |
| Ratio corriente | 2.62 |
Ratios Clave (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | 76.49 | 351.55 | -24.68 | -68.57 | -98.13 | 33.25 | 20.53 |
| P/VC | 232.89 | 22.53 | 4.05 | 1.98 | 3.08 | 2.79 | 2.69 |
| P/V | 8.16 | 7.60 | 2.75 | 1.26 | 1.88 | 1.48 | 1.20 |
| Margen Bruto | 92.9% | 91.3% | 92.5% | 92.6% | 91.0% | 90.8% | 92.4% |
| Margen Operativo | 12.4% | 0.8% | -10.3% | -3.5% | 0.6% | 1.4% | 8.3% |
| Margen Neto | 10.6% | 2.2% | -11.2% | -1.9% | -2.0% | 4.4% | 5.8% |