NerdWallet, Inc(NASDAQ:NRDS) 
NerdWallet, Inc. operates a digital platform that provides consumer-driven advice about personal finance by connecting individuals and small and mid-sized businesses with financial products providers. The company's platform offers value across various financial products, including credit cards, mort...
Website: http://www.nerdwallet.com
Founded: 2009
IPO Price: $18 (Nov 04, 2021)
Full Time Employees: 770 (Dec 2022)
CEO / Founder: Tim Chen
Sector: Financial Services
Industry: Credit Services
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At a glance:
Bull Thesis:
Bear Thesis:
Main Competitors:
Moat:
Income Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenue | 222,200,000 | 225,400,000 | 215,100,000 | 186,900,000 | 209,200,000 | 183,800,000 | 191,300,000 | 150,600,000 | 161,900,000 | 133,700,000 | 152,800,000 | 143,300,000 | 169,600,000 | 142,000,000 | 142,600,000 | 125,200,000 | 129,100,000 | |
yoy | 6.21% | 22.63% | 12.44% | 24.10% | 29.22% | 37.47% | 25.20% | 5.09% | -4.54% | -5.85% | 7.15% | 14.46% | 31.37% | |||||
qoq | -1.42% | 4.79% | 15.09% | -10.66% | 13.82% | -3.92% | 27.03% | -6.98% | 21.09% | -12.50% | 6.63% | -15.51% | 19.44% | -0.42% | 13.90% | -3.02% | ||
costs and expenses: | ||||||||||||||||||
cost of revenue | 13,600,000 | 13,600,000 | 15,300,000 | 16,600,000 | 18,200,000 | 16,700,000 | 17,700,000 | 14,900,000 | 14,200,000 | 13,800,000 | 13,300,000 | 13,100,000 | 13,800,000 | 12,200,000 | 11,700,000 | 8,200,000 | 7,700,000 | |
research and development | 16,800,000 | 16,300,000 | 15,700,000 | 17,900,000 | 16,800,000 | 16,100,000 | 23,000,000 | 22,700,000 | 20,700,000 | 20,300,000 | 20,700,000 | 20,000,000 | 19,500,000 | 19,400,000 | 20,700,000 | 20,100,000 | 17,400,000 | |
sales and marketing | 149,100,000 | 161,700,000 | 135,300,000 | 128,000,000 | 159,700,000 | 128,500,000 | 128,100,000 | 106,100,000 | 107,900,000 | 80,400,000 | 100,600,000 | 98,800,000 | 121,700,000 | 87,500,000 | 103,200,000 | 88,800,000 | 96,100,000 | |
general and administrative | 15,500,000 | 14,400,000 | 14,400,000 | 13,700,000 | 13,800,000 | 13,800,000 | 15,900,000 | 16,500,000 | 15,400,000 | 14,600,000 | 14,200,000 | 15,600,000 | 15,400,000 | 14,400,000 | 15,400,000 | 15,300,000 | 13,100,000 | |
total costs and expenses | 195,000,000 | 206,000,000 | 180,700,000 | 176,200,000 | 208,500,000 | 175,100,000 | 184,700,000 | 160,200,000 | 158,200,000 | 129,100,000 | 148,800,000 | 147,500,000 | 170,400,000 | 134,100,000 | 151,400,000 | 134,200,000 | 138,200,000 | |
income from operations | 27,200,000 | 19,400,000 | 34,400,000 | 10,700,000 | 700,000 | 8,700,000 | 6,600,000 | -9,600,000 | 3,700,000 | 4,600,000 | 4,000,000 | -4,200,000 | -800,000 | 7,900,000 | -8,800,000 | -9,000,000 | -9,100,000 | |
yoy | 3785.71% | 122.99% | 421.21% | -211.46% | -81.08% | 89.13% | 65.00% | 128.57% | -562.50% | -41.77% | -145.45% | -53.33% | -91.21% | |||||
qoq | 40.21% | -43.60% | 221.50% | 1428.57% | -91.95% | 31.82% | -168.75% | -359.46% | -19.57% | 15.00% | -195.24% | 425.00% | -110.13% | -189.77% | -2.22% | -1.10% | ||
operating margin % | 12.24% | 8.61% | 15.99% | 5.72% | 0.33% | 4.73% | 3.45% | -6.37% | 2.29% | 3.44% | 2.62% | -2.93% | -0.47% | 5.56% | -6.17% | -7.19% | -7.05% | |
other income, net: | ||||||||||||||||||
interest income | 900,000 | 700,000 | 1,000,000 | 800,000 | 700,000 | 600,000 | 1,300,000 | 1,500,000 | 1,400,000 | 900,000 | 900,000 | 800,000 | 1,000,000 | 900,000 | 500,000 | 100,000 | ||
interest expense | -200,000 | -100,000 | -200,000 | -200,000 | -100,000 | -200,000 | -100,000 | -200,000 | -200,000 | -200,000 | -200,000 | -200,000 | -200,000 | -1,200,000 | -900,000 | -200,000 | -200,000 | |
other gains | 100,000 | -100,000 | 300,000 | 200,000 | ||||||||||||||
total other income | 800,000 | 500,000 | 1,100,000 | 800,000 | 600,000 | -8,000,000 | 1,200,000 | 1,300,000 | 1,100,000 | 700,000 | 700,000 | 600,000 | 700,000 | -100,000 | ||||
income before income taxes | 28,000,000 | 19,900,000 | 35,500,000 | 11,500,000 | 1,300,000 | 700,000 | 7,800,000 | -8,300,000 | 4,800,000 | 5,300,000 | 4,700,000 | -3,600,000 | -100,000 | 7,600,000 | -9,200,000 | -9,100,000 | -9,300,000 | |
income tax provision | 7,600,000 | 5,900,000 | 9,200,000 | 3,300,000 | 1,100,000 | -37,900,000 | 7,700,000 | 1,100,000 | 3,700,000 | 7,600,000 | 5,200,000 | 7,100,000 | -1,800,000 | -1,300,000 | -9,900,000 | 200,000 | 1,200,000 | |
net income | 20,400,000 | 14,000,000 | 26,300,000 | 8,200,000 | 200,000 | 38,600,000 | 100,000 | -9,400,000 | 1,100,000 | -2,300,000 | -500,000 | -10,700,000 | 1,700,000 | 8,900,000 | 700,000 | -9,300,000 | -10,500,000 | |
yoy | 10100.00% | -63.73% | 26200.00% | -187.23% | -81.82% | -1778.26% | -120.00% | -12.15% | -35.29% | -125.84% | -171.43% | 15.05% | -116.19% | |||||
qoq | 45.71% | -46.77% | 220.73% | 4000.00% | -99.48% | 38500.00% | -101.06% | -954.55% | -147.83% | 360.00% | -95.33% | -729.41% | -80.90% | 1171.43% | -107.53% | -11.43% | ||
net income margin % | 9.18% | 6.21% | 12.23% | 4.39% | 0.10% | 21.00% | 0.05% | -6.24% | 0.68% | -1.72% | -0.33% | -7.47% | 1.00% | 6.27% | 0.49% | -7.43% | -8.13% | |
net income per share | ||||||||||||||||||
basic | 0.3 | 0.2 | 0.35 | 0.11 | 0.51 | -0.12 | 0.01 | -0.03 | -0.01 | -0.14 | 0.02 | 0.14 | 0.01 | -0.14 | -0.16 | |||
diluted | 0.29 | 0.19 | 0.34 | 0.11 | 0.49 | -0.12 | 0.01 | -0.03 | -0.01 | -0.14 | 0.02 | 0.14 | 0.01 | -0.14 | -0.16 | |||
weighted-average shares used for eps calculation | ||||||||||||||||||
basic | 68.2 | 74.3 | 75.7 | 74.8 | 74.2 | 76.5 | 77.4 | 77.9 | 77.2 | 76.7 | 77.5 | 76.8 | 75.8 | 70.6 | 73.4 | 67.4 | 66.9 | |
diluted | 69.5 | 75.9 | 76.9 | 76.6 | 76.1 | 78.9 | 79.3 | 77.9 | 80.5 | 76.7 | 77.5 | 76.8 | 79.7 | 70.6 | 75 | 67.4 | 66.9 | |
other losses | -8,400,000 | -100,000 | -25,000 | -100,000 | ||||||||||||||
change in fair value of contingent consideration related to earnouts | 600,000 | 400,000 | 1,800,000 | 3,900,000 | ||||||||||||||
other expense, net: | ||||||||||||||||||
total other expense | -175,000 | -400,000 | -200,000 | |||||||||||||||
other expense: |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | ||||||||||||||||||
current assets: | ||||||||||||||||||
cash and cash equivalents | 56,300,000 | 98,300,000 | 120,600,000 | 105,300,000 | 92,200,000 | 66,300,000 | 71,700,000 | 113,800,000 | 110,900,000 | 100,400,000 | 86,600,000 | 67,100,000 | 100,800,000 | 83,900,000 | 138,400,000 | 125,800,000 | 161,600,000 | 167,800,000 |
accounts receivable | 113,100,000 | 111,000,000 | 121,900,000 | 97,800,000 | 120,300,000 | 102,200,000 | 102,800,000 | 93,700,000 | 93,900,000 | 75,500,000 | 84,400,000 | 92,400,000 | 97,500,000 | 87,000,000 | 87,200,000 | 76,100,000 | 72,500,000 | 57,600,000 |
prepaid expenses and other current assets | 37,000,000 | 35,400,000 | 32,600,000 | 35,600,000 | 29,400,000 | 28,200,000 | 19,200,000 | 22,500,000 | 19,400,000 | 22,500,000 | 23,800,000 | 21,700,000 | 20,500,000 | 18,300,000 | 21,000,000 | 20,800,000 | 19,200,000 | 17,400,000 |
total current assets | 206,400,000 | 244,700,000 | 275,100,000 | 238,700,000 | 241,900,000 | 196,700,000 | 193,700,000 | 230,000,000 | 224,200,000 | 198,400,000 | 194,800,000 | 181,200,000 | 218,800,000 | 189,200,000 | 246,600,000 | 222,700,000 | 253,300,000 | 242,800,000 |
property, equipment and software—net | 30,700,000 | 31,800,000 | 32,700,000 | 35,000,000 | 39,100,000 | 43,000,000 | 45,300,000 | 48,900,000 | 50,600,000 | 52,600,000 | 52,800,000 | 52,500,000 | 50,800,000 | 49,100,000 | ||||
goodwill | 136,300,000 | 123,500,000 | 115,700,000 | 115,900,000 | 112,500,000 | 112,400,000 | 111,800,000 | 111,500,000 | 111,500,000 | 111,500,000 | 111,300,000 | 111,500,000 | 111,400,000 | 111,200,000 | 110,700,000 | 43,200,000 | 43,600,000 | 43,800,000 |
intangible assets—net | 22,800,000 | 21,500,000 | 24,800,000 | 28,500,000 | 29,900,000 | 33,300,000 | 36,700,000 | 40,000,000 | 43,500,000 | 46,900,000 | 50,500,000 | 54,900,000 | 64,100,000 | |||||
deferred tax asset—noncurrent | 24,000,000 | 29,400,000 | 33,800,000 | 48,900,000 | 45,800,000 | 45,600,000 | ||||||||||||
right-of-use assets | 6,700,000 | 7,100,000 | 7,600,000 | 8,000,000 | 4,700,000 | 5,300,000 | 5,400,000 | 6,000,000 | 6,500,000 | 7,200,000 | 9,200,000 | 9,900,000 | 10,600,000 | 11,300,000 | 11,900,000 | 12,600,000 | 13,300,000 | 13,900,000 |
other assets | 5,100,000 | 3,100,000 | 3,100,000 | 1,000,000 | 1,100,000 | 1,300,000 | 9,500,000 | 9,800,000 | 9,800,000 | 2,000,000 | 2,200,000 | 600,000 | 1,000,000 | 800,000 | 700,000 | 700,000 | 800,000 | 1,100,000 |
total assets | 432,000,000 | 461,100,000 | 492,800,000 | 476,000,000 | 475,000,000 | 437,600,000 | 402,400,000 | 446,200,000 | 446,100,000 | 418,600,000 | 420,800,000 | 410,600,000 | 452,100,000 | 425,700,000 | 485,300,000 | 346,000,000 | 376,100,000 | 364,100,000 |
liabilities and stockholders’ equity | ||||||||||||||||||
current liabilities: | ||||||||||||||||||
accounts payable | 6,600,000 | 5,400,000 | 13,600,000 | 11,800,000 | 24,300,000 | 8,900,000 | 12,400,000 | 10,100,000 | 15,300,000 | 1,700,000 | 13,100,000 | 1,600,000 | 12,000,000 | 3,600,000 | 5,800,000 | 6,200,000 | 5,200,000 | 3,200,000 |
accrued expenses and other current liabilities | 73,700,000 | 65,500,000 | 60,800,000 | 57,500,000 | 66,100,000 | 51,200,000 | 54,100,000 | 43,800,000 | 38,500,000 | 35,600,000 | 31,900,000 | 33,400,000 | 37,100,000 | 37,900,000 | 48,600,000 | 34,200,000 | 41,500,000 | |
total current liabilities | 80,300,000 | 70,900,000 | 74,400,000 | 69,300,000 | 90,400,000 | 60,100,000 | 66,500,000 | 53,900,000 | 53,800,000 | 37,300,000 | 45,000,000 | 35,000,000 | 80,000,000 | 72,400,000 | 84,700,000 | 70,300,000 | 77,200,000 | 65,800,000 |
other liabilities—noncurrent | 15,500,000 | 15,700,000 | 16,000,000 | 16,700,000 | 13,000,000 | 13,300,000 | 13,500,000 | 12,900,000 | 13,600,000 | 14,400,000 | 11,600,000 | 10,600,000 | 10,300,000 | 11,600,000 | ||||
total liabilities | 95,800,000 | 86,600,000 | 90,400,000 | 86,000,000 | 103,400,000 | 73,400,000 | 80,000,000 | 66,800,000 | 67,400,000 | 51,700,000 | 56,600,000 | 45,600,000 | 90,300,000 | 84,000,000 | 166,700,000 | 82,500,000 | 120,700,000 | 106,500,000 |
commitments and contingencies | ||||||||||||||||||
stockholders’ equity: | ||||||||||||||||||
preferred stock—0.0001 par value per share... | ||||||||||||||||||
common stock—0.0001 par value per share... | ||||||||||||||||||
additional paid-in capital | 570,200,000 | 562,500,000 | 553,500,000 | 547,900,000 | 537,900,000 | 530,900,000 | 519,300,000 | 505,600,000 | 494,500,000 | 483,700,000 | 471,200,000 | 460,500,000 | 445,500,000 | 427,300,000 | 414,100,000 | 358,600,000 | 340,200,000 | 331,600,000 |
accumulated other comprehensive income | -100,000 | 100,000 | 200,000 | -900,000 | -1,900,000 | -800,000 | 200,000 | 500,000 | ||||||||||
accumulated deficit | -233,900,000 | -188,100,000 | -151,000,000 | -158,100,000 | -166,300,000 | -166,500,000 | -196,900,000 | -125,900,000 | -115,400,000 | -116,500,000 | -106,300,000 | -95,000,000 | -83,000,000 | -84,700,000 | -93,600,000 | -94,300,000 | -85,000,000 | -74,500,000 |
total stockholders’ equity | 336,200,000 | 374,500,000 | 402,400,000 | 390,000,000 | 371,600,000 | 364,200,000 | 322,400,000 | 379,400,000 | 378,700,000 | 366,900,000 | 364,200,000 | 365,000,000 | 361,800,000 | 341,700,000 | 318,600,000 | 263,500,000 | 255,400,000 | 257,600,000 |
total liabilities and stockholders’ equity | 432,000,000 | 461,100,000 | 492,800,000 | 476,000,000 | 475,000,000 | 437,600,000 | 402,400,000 | 446,200,000 | 446,100,000 | 418,600,000 | 420,800,000 | 410,600,000 | 452,100,000 | 425,700,000 | 485,300,000 | 346,000,000 | 376,100,000 | |
accumulated other comprehensive loss | -100,000 | -200,000 | -300,000 | -400,000 | -300,000 | -700,000 | -500,000 | -700,000 | ||||||||||
contingent consideration—current | 30,900,000 | 30,900,000 | ||||||||||||||||
intangibles—net | 59,500,000 | |||||||||||||||||
contingent consideration—noncurrent | ||||||||||||||||||
property, equipment and software — net | 47,100,000 | 43,500,000 | 39,600,000 | 34,900,000 | ||||||||||||||
intangibles — net | 68,300,000 | 23,300,000 | 25,500,000 | 27,600,000 | ||||||||||||||
contingent consideration — current | 30,300,000 | 29,900,000 | 30,500,000 | 30,500,000 | ||||||||||||||
contingent consideration — noncurrent | 28,100,000 | 24,200,000 | ||||||||||||||||
debt — noncurrent | 70,000,000 | |||||||||||||||||
deferred tax liability — noncurrent | 1,200,000 | 400,000 | 1,100,000 | 1,800,000 | ||||||||||||||
other liabilities — noncurrent | 10,800,000 | 11,800,000 | 14,300,000 | 14,700,000 | ||||||||||||||
preferred stock — 0.0001 par value per share... | ||||||||||||||||||
common stock — 0.0001 par value per share... | ||||||||||||||||||
deferred tax asset — noncurrent | ||||||||||||||||||
liabilities, redeemable convertible preferred stock and stockholders’ equity | ||||||||||||||||||
accrued and other current liabilities | 32,100,000 | |||||||||||||||||
series a redeemable convertible preferred stock — 0.0001 par value per share... | ||||||||||||||||||
treasury stock | ||||||||||||||||||
total liabilities, redeemable convertible preferred stock and stockholders’ equity | 364,100,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
operating activities: | ||||||||||||||||
net income | 14,000,000 | 26,300,000 | 8,200,000 | 200,000 | 1,100,000 | -500,000 | -10,700,000 | 1,700,000 | ||||||||
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||
depreciation and amortization | 9,500,000 | 11,600,000 | 12,700,000 | 12,600,000 | 11,400,000 | 12,900,000 | 12,200,000 | 11,900,000 | 12,200,000 | 12,100,000 | 12,200,000 | 11,700,000 | 11,400,000 | 10,800,000 | 7,600,000 | 7,200,000 |
stock-based compensation | 7,000,000 | 6,700,000 | 8,200,000 | 6,700,000 | 8,500,000 | 10,200,000 | 10,300,000 | 8,700,000 | 9,500,000 | 9,400,000 | 11,300,000 | 8,600,000 | 9,100,000 | 9,100,000 | 9,700,000 | 6,500,000 |
deferred taxes | 4,500,000 | 14,900,000 | -3,100,000 | -300,000 | -45,900,000 | 0 | -100,000 | -100,000 | -100,000 | -100,000 | -200,000 | -100,000 | -100,000 | -11,200,000 | -600,000 | -700,000 |
non-cash lease costs | 400,000 | 500,000 | 700,000 | 600,000 | 500,000 | 600,000 | 600,000 | 500,000 | 700,000 | 700,000 | 700,000 | 700,000 | 600,000 | 700,000 | 600,000 | 700,000 |
other losses | 200,000 | 500,000 | 400,000 | 700,000 | ||||||||||||
changes in operating assets and liabilities, net of business combinations: | ||||||||||||||||
accounts receivable | 11,200,000 | -24,400,000 | 22,500,000 | -18,700,000 | 300,000 | -8,900,000 | 100,000 | -18,500,000 | 9,100,000 | 8,000,000 | 5,400,000 | -11,800,000 | 0 | 600,000 | -4,100,000 | -15,200,000 |
prepaid expenses and other assets | -1,800,000 | -2,500,000 | -1,700,000 | 3,500,000 | -5,300,000 | 3,300,000 | -2,800,000 | 3,000,000 | 1,800,000 | -3,000,000 | -600,000 | -2,600,000 | 1,300,000 | 1,100,000 | -1,500,000 | -1,600,000 |
mortgage loans held for sale | -900,000 | 5,400,000 | -4,600,000 | -4,400,000 | ||||||||||||
accounts payable | -8,400,000 | 1,900,000 | -12,400,000 | 15,300,000 | -3,700,000 | 2,300,000 | -5,400,000 | 13,400,000 | -9,400,000 | 9,500,000 | -10,500,000 | 8,600,000 | -1,600,000 | -6,000,000 | 700,000 | 1,300,000 |
accrued expenses and other current liabilities | 3,400,000 | 8,000,000 | -12,900,000 | 11,300,000 | -4,300,000 | 8,500,000 | 5,300,000 | 3,000,000 | 3,500,000 | -1,300,000 | -3,800,000 | -800,000 | -10,100,000 | 13,500,000 | -7,300,000 | 9,700,000 |
payment of contingent consideration | 0 | 0 | 0 | 0 | ||||||||||||
operating lease liabilities | -400,000 | -400,000 | -800,000 | -900,000 | -900,000 | -800,000 | -900,000 | -800,000 | -800,000 | -800,000 | -800,000 | -700,000 | -700,000 | -800,000 | -600,000 | -300,000 |
other liabilities | 200,000 | 0 | 300,000 | 100,000 | 300,000 | 800,000 | 200,000 | 300,000 | 3,700,000 | 2,100,000 | 1,200,000 | -300,000 | 300,000 | 0 | -1,800,000 | 400,000 |
net cash from operating activities | 38,900,000 | 48,500,000 | 17,500,000 | 26,700,000 | 9,900,000 | 29,000,000 | 10,200,000 | 22,700,000 | 29,600,000 | 36,100,000 | -10,000,000 | 16,400,000 | 20,100,000 | 19,300,000 | -16,000,000 | 1,600,000 |
capital expenditures | -4,500,000 | -4,400,000 | -4,400,000 | -4,600,000 | -5,000,000 | -5,200,000 | -5,400,000 | -9,400,000 | -4,800,000 | -7,700,000 | -7,500,000 | -7,400,000 | -8,900,000 | -7,700,000 | -7,700,000 | |
free cash flows | 34,400,000 | 44,100,000 | 13,100,000 | 22,100,000 | 4,900,000 | 23,800,000 | 4,800,000 | 20,200,000 | 31,300,000 | -17,700,000 | 8,900,000 | 12,700,000 | 10,400,000 | -23,700,000 | -6,100,000 | |
investing activities: | ||||||||||||||||
purchases of investments | ||||||||||||||||
capitalized software development costs | -4,500,000 | -4,300,000 | -3,700,000 | -4,400,000 | -4,800,000 | -5,100,000 | -5,400,000 | -5,400,000 | -9,200,000 | -4,700,000 | -7,600,000 | -7,300,000 | -7,100,000 | -7,500,000 | -6,400,000 | -6,600,000 |
purchases of property and equipment | ||||||||||||||||
business combinations | ||||||||||||||||
net cash from investing activities | -12,900,000 | -6,400,000 | -9,400,000 | -4,600,000 | -5,300,000 | -5,200,000 | -5,700,000 | -13,500,000 | -9,400,000 | -4,800,000 | -7,700,000 | -7,600,000 | -6,000,000 | -78,400,000 | -7,400,000 | -8,500,000 |
financing activities: | ||||||||||||||||
net borrowing (repayment) on warehouse line of credit | ||||||||||||||||
proceeds from line of credit | 0 | 0 | 0 | 7,500,000 | 0 | |||||||||||
payments on line of credit | 0 | 0 | 0 | -7,500,000 | ||||||||||||
payment of debt issuance costs | -300,000 | |||||||||||||||
proceeds from exercises of stock options | ||||||||||||||||
tax payments related to net-share settlements on restricted stock units | -300,000 | -2,400,000 | -300,000 | -500,000 | -400,000 | -300,000 | -1,000,000 | -400,000 | -400,000 | -200,000 | -200,000 | -300,000 | -500,000 | |||
issuances of class a common stock under employee stock purchase plan | ||||||||||||||||
repurchases of class a common stock | ||||||||||||||||
net cash from financing activities | -48,400,000 | -26,600,000 | 5,100,000 | 3,800,000 | -10,200,000 | -65,900,000 | -1,700,000 | 1,300,000 | -6,400,000 | -11,800,000 | -16,100,000 | 8,100,000 | -68,700,000 | 71,800,000 | -12,200,000 | 700,000 |
effect of exchange rate changes on cash and cash equivalents | 100,000 | -200,000 | 200,000 | 0 | 0 | 0 | 100,000 | -100,000 | ||||||||
net increase in cash and cash equivalents | -22,300,000 | 15,300,000 | 13,100,000 | 25,900,000 | -5,400,000 | -42,100,000 | 2,900,000 | 10,500,000 | 13,800,000 | 16,900,000 | ||||||
cash and cash equivalents: | ||||||||||||||||
beginning of year | ||||||||||||||||
end of year | ||||||||||||||||
changes in operating assets and liabilities: | ||||||||||||||||
purchase of investments | ||||||||||||||||
purchase of property and equipment | -100,000 | -700,000 | -200,000 | -200,000 | -100,000 | -200,000 | -100,000 | -100,000 | -300,000 | -300,000 | -1,400,000 | -1,000,000 | -1,900,000 | |||
business combination | 0 | |||||||||||||||
net borrowing on warehouse line of credit | -5,400,000 | 4,400,000 | 4,300,000 | |||||||||||||
proceeds from exercise of stock options | 400,000 | 1,100,000 | 3,100,000 | 400,000 | 1,700,000 | 1,100,000 | 300,000 | 400,000 | 8,400,000 | 1,500,000 | 1,900,000 | 3,600,000 | 700,000 | |||
issuance of class a common stock under employee stock purchase plan | 0 | 1,100,000 | 0 | 1,300,000 | 0 | |||||||||||
repurchase of class a common stock | -19,200,000 | -10,300,000 | -68,700,000 | -7,900,000 | -10,800,000 | |||||||||||
beginning of period | 0 | 0 | 66,300,000 | 0 | 0 | 100,400,000 | 0 | 0 | 83,900,000 | 0 | 0 | 167,800,000 | ||||
end of period | 15,300,000 | 13,100,000 | 92,200,000 | -42,100,000 | 2,900,000 | 110,900,000 | 19,500,000 | -33,700,000 | 100,800,000 | 12,600,000 | -35,800,000 | 161,600,000 | ||||
supplemental disclosures of non-cash investing and financing activities: | ||||||||||||||||
capitalized software development costs recorded in accounts payable and accrued expenses and other current liabilities | 300,000 | 300,000 | 300,000 | -200,000 | 300,000 | 600,000 | 0 | 700,000 | 600,000 | 600,000 | ||||||
supplemental disclosures of cash flow information: | ||||||||||||||||
income tax payments | 100,000 | 11,500,000 | 2,900,000 | 2,900,000 | 7,100,000 | 200,000 | 8,000,000 | 300,000 | 1,800,000 | 200,000 | ||||||
cash paid for interest | 0 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 0 | 100,000 | ||||||||
supplemental cash flow disclosure related to operating leases: | ||||||||||||||||
cash paid for amounts included in the measurement of lease liabilities | 500,000 | 900,000 | 1,000,000 | 900,000 | 1,000,000 | 900,000 | 900,000 | 900,000 | 400,000 | |||||||
lease liabilities arising from obtaining right-of-use assets | 100,000 | |||||||||||||||
purchase of investment | 0 | 0 | 0 | -8,100,000 | ||||||||||||
repurchases of class a common stock recorded in accrued expenses and other current liabilities | 300,000 | |||||||||||||||
change in fair value of contingent consideration related to earnouts | 600,000 | 400,000 | 1,800,000 | 3,900,000 | ||||||||||||
business combinations, net of cash acquired | ||||||||||||||||
net repayment on warehouse line of credit | ||||||||||||||||
payment of offering costs related to initial public offering | ||||||||||||||||
net loss | 100,000 | 700,000 | -9,300,000 | -10,500,000 | ||||||||||||
adjustments to reconcile net loss to net cash from operating activities: | ||||||||||||||||
other | 0 | 100,000 | 200,000 | 1,700,000 | 0 | -200,000 | 1,400,000 | 400,000 | 400,000 | 300,000 | 200,000 | |||||
purchase of property and equipment recorded in accounts payable and accrued expenses and other current liabilities | 100,000 | -300,000 | 800,000 | |||||||||||||
changes in operating assets and liabilities, net of business combination: | ||||||||||||||||
business combination, net of cash acquired | ||||||||||||||||
principal repayment of subordinated promissory notes | ||||||||||||||||
repurchase of series a redeemable convertible preferred stock | ||||||||||||||||
proceeds from issuance of common stock upon initial public offering, net of underwriting discounts and commissions | ||||||||||||||||
repurchase of class f common stock | ||||||||||||||||
repurchase of stock options | ||||||||||||||||
net decrease in cash and cash equivalents | 12,600,000 | -35,800,000 | -6,200,000 | |||||||||||||
issuance of class a common stock | ||||||||||||||||
offering costs related to initial public offering not yet paid | ||||||||||||||||
loss on disposal of assets | ||||||||||||||||
impairment of capitalized software development costs | ||||||||||||||||
non-cash amortization of debt premium | ||||||||||||||||
accrued and other current liabilities |