NerdWallet (NRDS)

NerdWallet (NRDS)

IPO Stage

Make all the right money moves

Make all the right money moves

Overview

Funding data not publicly available
Stage

IPO Stage

Platform

Robinhood

IPO Date

Not Provided

Method of Going Public

IPO

Expected Public Exchange

Nasdaq

Price Range

$17 - $19

Security Type

Equity - Common

Series

Series D

SEC Filing Type

S-1    Open SEC Filing

IPO Valuation

$1.2B

IPO Lead Underwriter

Morgan Stanley, KeyBanc, BofA Securities, Barclays, Citigroup

# of Acquisitions

0

Year Founded

2009

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Location

San Francisco, California

Business Type

Growth

NerdWallet, with an expected public market valuation of approximately $1.2 billion, will go public before the end of 2021. NerdWallet is a financial platform that helps people make better financial decisions. Tim Chen and Jacob Gibson founded Nerdwallet in 2009 after Chen lost his job due to the financial crisis. The company will trade under the ticker "NRDS" on the Nasdaq and the company is offering over 7 million shares at a price range of $17 - $19.

Income Statement

Revenue

$245,300,000

Operating Expenses

Research/Technology & Development

$50,900,000

Sales & Marketing

$144,000,000

General & Administrative

$28,000,000

Total Operating Expenses

$243,400,000

Operating Income

$1,900,000

Other Income, Net

$-1,000,000

Income (Loss) Before Provision For (Benefit From) Income Taxes

$900,000

Provision For (Benefit From) Income Taxes

$4,400,000

Net Income (Loss)

$5,300,000

 

Net Income (Loss) Attributable to Common Stockholders:

Basic

$0.00

Diluted

$0.00

Net Income (Loss) Per Share Attributable to Common Stockholders:

Basic

$0.06

Diluted

$0.05

Weighted-Average Shares of Common Stock Used For Pro Forma:

Basic

0

Diluted

0

Balance Sheet - Assets

Current Assets

Cash and Cash Equivalents

$83,400,000

Accounts Receivable

$37,300,000

Total Current Assets

$129,400,000

Property and Equipment, Net

$27,700,000

Goodwill

$43,800,000

Intangible Assets, Net

$35,600,000

Restricted Cash

$0

Other Assets

$600,000

Total Assets

$255,200,000

Balance Sheet - Liabilities

Current Liabilities

Accounts Payable

$5,400,000

Accrued Expenses

$0

Other Current Liabilities

$18,600,000

Total Current Liabilities

$24,000,000

Total Liabilities

$103,700,000

Commitments and Contingencies

Convertible Preferred Stock

$68,800

Stockholders' (deficit) Equity

Common Stock

$0

Additional Paid In Capital

$99,800,000

Accumulated Other Comprehensive Income (Loss)

$600,000

Total Stockholders' (Deficit) Equity

$82,700,000

Statements of Cash Flows

Cash Flows from Operating Activites

Net Cash Provided By (Used In) Operating Activities

$15,400,000

Cash Flows from Investing Activites

Net Cash Provided By (Used In) Investing Activities

$-55,400,000

Cash Flows from Financing Activites

Net Cash Provided By (Used In) Financing Activities

$55,700,000

Total Cash, Cash Equivalents, and Restricted Cash

$0

Financials as of: 05/02/2021
Create a free account today to gain access to KingsCrowd analytics.

Funding data not publicly available

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$25 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.
Add to portfolio
NerdWallet IPO 2021: A Startup Investor’s Guide
Platform: Robinhood
Security Type: Equity - Common
Valuation: $1,200,000,000

Follow company

Follow NerdWallet IPO 2021: A Startup Investor’s Guide

Buy NerdWallet's Deal Report

Warning: according to the close date for this deal, NerdWallet may no longer be accepting investments.

NerdWallet Deal Report

Get KingsCrowd’s comprehensive report on NerdWallet including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether NerdWallet is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the NerdWallet deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge