What is Nerdwallet, Inc. worth?
With the base-case assumptions below, a discounted cash flow model on Nerdwallet, Inc.'s reported free cash flow gives $57.54 per share. The share price was $8.50 on September 25, 2026, 85% below that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 10.0% | 10.0% | $35.28 | +315% |
| Base | 15.0% | 9.0% | $57.54 | +577% |
| Bull | 20.0% | 8.0% | $98.98 | +1,064% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $74.39 | $79.64 | $86.06 | $94.09 | $104.41 |
| 8.0% | $61.73 | $65.14 | $69.16 | $74.00 | $79.90 |
| 9.0% | $52.52 | $54.85 | $57.54 | $60.67 | $64.38 |
| 10.0% | $45.54 | $47.19 | $49.07 | $51.22 | $53.69 |
| 11.0% | $40.07 | $41.29 | $42.64 | $44.17 | $45.90 |
Where the presets come from
Base: years 1 to 5 grow at Nerdwallet, Inc.'s revenue growth rate over the last 4 fiscal years (35.9% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions