NERDWALLET, INC. [Rocket]

In millions, except per share items	Jun-30-23	Mar-31-23	Dec-31-22	Jun-30-22	Mar-31-22	Dec-31-21	Sep-30-21	Jun-30-21
	10-Q	10-Q	8-K	10-Q	10-Q	8-K	S-1/A	10-Q
Operating Activities:
Net loss	-10.7	1.7		-9.3	-10.5	-42.5		-13.9
Adjustments to reconcile net loss to net cash from (used in) operating activities:
Depreciation and amortization	12.2	11.7		7.6	7.2	27.1		6.6
Stock-based compensation	11.3	8.6		9.7	6.5	17.9		4.2
Change in fair value of contingent consideration related to earnouts				1.8	3.9			0.7
Deferred taxes	-0.2	-0.1		-0.6	-0.7	4.4		-7.9
Non-cash lease costs	0.7	0.7		0.6	0.7			1.9
Other, net	-0.2	1.4		0.3	0.2			-1.4
Changes in operating assets and liabilities:
Accounts receivable	5.4	-11.8		-4.1	-15.2	-20.2		-1.2
Prepaid expenses and other assets	-0.6	-2.6		-1.5	-1.6	-2.1		-3.2
Accounts payable	-10.5	8.6		0.7	1.3	-2.2		1.6
Accrued expenses and other current liabilities	-3.8	-0.8		-7.3	9.7			0.1
Payment of contingent consideration	-14.0			-11.5
Operating lease liabilities	-0.8	-0.7		-0.6	-0.3			-2.1
Other liabilities	1.2	-0.3		-1.8	0.4	-0.9		0.1
Net cash provided by (used in) operating activities	-10.0	16.4		-16.0	1.6	7.2		-14.5

Investing Activities:
Capitalized software development costs	-7.6	-7.3		-6.4	-6.6	-20.7		-5.2
Purchase of property and equipment	-0.1	-0.3		-1.0	-1.9			-0.2
Net cash used in investing activities	-7.7	-7.6		-7.4	-8.5	-23.0		-5.4

Financing Activities:
Payment of contingent consideration	-16.9			-19.0
Proceeds from line of credit		7.5
Payments on line of credit		-7.5
Proceeds from exercise of stock options	0.4	8.4		3.6	0.7	11.0		2.7
Issuance of Class A common stock under Employee Stock Purchase Plan	-6.5	8.4		2.5	0.7	11.0
Repurchase of Class A common stock	-1.3
Tax payments related to net-share settlements on restricted stock units	-0.2	-0.3						-0.8
Net cash used in financing activities	-16.1	8.1		-12.2	0.7	100.2		0.3
Effect of exchange rate changes on cash and cash equivalents	0.1			-0.2
Net decrease in cash and cash equivalents	-16.8			-42.0

Cash and Cash Equivalents:
Supplemental Disclosures of Non-Cash Investing and Financing Activities:
Capitalized software development costs recorded in accounts payable and accrued expenses and other current liabilities		0.7		0.6	0.6			0.1
Purchase of property and equipment recorded in accounts payable and accrued expenses and other current liabilities	-0.1	0.1		-0.3	0.8			0.8
Supplemental Disclosures of Cash Flow Information:
Income tax payments	8.0	0.3		1.8	0.2			0.3
Cash paid for interest	0.2				0.1			0.2
Supplemental Cash Flow Disclosure Related to Operating Leases:
Cash paid for amounts included in the measurement of lease liabilities	0.9	0.9		0.9	0.4			2.3