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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 191M | 27% |
| Gross Profit | 174M | 27.9% |
| Cost of Revenue | 18M | 18.8% |
| Operating expense | 175M | 20.3% |
| Net Income | 100,000 | 101.1% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 402M | 9.8% |
| Total Liabilities | 80M | 19.8% |
| Total Equity | 322M | 15% |
| Shares Outstanding | 74M | 5.6% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 29M | 184.3% |
| Cash from investing | -5.2M | 8.8% |
| Cash from financing | -66M | 3776.5% |
EPS
Financial Highlights for NerdWallet in Q3 '24
NerdWallet reported a revenue of 191M, which is a 27% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 174M, marking a 27.9% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 18M, a 18.8% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 175M, showing a 20.3% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 100,000, showing a 101.1% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
It was a positive quarter for NerdWallet with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies. A decline in EBITDA signals potential operational challenges or increased costs.
