NERDWALLET, INC. [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19
	10-K	10-K	10-K	10-K
Revenues	538.9	379.6	245.3	228.3
Revenue growth	42.0%	54.7%	7.4%
Cost of goods sold	39.8	28.5	21.3	16.1
Gross profit	499.1	351.1	224.0	212.2
Gross margin	92.6%	92.5%	91.3%	92.9%
Selling, general and administrative [+]	433.8	309.8	172.0	137.8
Sales and marketing	375.6	271.3	144.0	115.6
General and administrative	58.2	38.5	28.0	22.2
Research and development	77.6	62.2	50.9	46.0
Other operating expenses	6.7	18.1	-0.8
EBITDA [+]	18.0	-11.9	17.0	37.8
EBITDA growth	-251.3%	-170.0%	-55.0%
EBITDA margin	3.3%	-3.1%	6.9%	16.6%
Depreciation	24.0	19.1	13.5	9.4
EBITA	-6.0	-31.0	3.5	28.4
EBITA margin	-1.1%	-8.2%	1.4%	12.4%
Amortization of intangibles	13.0	8.0	1.6
EBIT [+]	-19.0	-39.0	1.9	28.4
EBIT growth	-51.3%	-2152.6%	-93.3%
EBIT margin	-3.5%	-10.3%	0.8%	12.4%
Interest expense, net [+]	1.0	1.3	0.9
Interest expense	2.5	1.3	1.1	1.1
Interest income	1.5		0.2	1.1
Other income (expense), net [+]		2.6	-0.1	-0.5
Other non-operating gains/losses		2.6	-0.1	-0.5
Other	1.0	1.3	0.1
Pre-tax income	-20.0	-37.7	0.9	27.9
Income taxes	-9.8	4.8	-4.4	3.7
Tax rate	49.0%			13.3%
Net income	-10.2	-42.5	5.3	24.2
Net margin	-1.9%	-11.2%	2.2%	10.6%

Basic EPS [+]	($0.14)	($0.82)	$0.12	$0.57
Growth	-82.4%	-784.5%	-79.2%
Diluted EPS [+]	($0.14)	($0.82)	$0.09	$0.45
Growth	-82.4%	-969.9%	-78.9%

Shares outstanding (basic) [+]	70.6	51.9	44.3	42.1
Growth	36.0%	17.2%	5.2%
Shares outstanding (diluted) [+]	70.6	51.9	56.3	54.3
Growth	36.0%	-7.8%	3.7%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.