Bankrate is a publisher, aggregator, and distributor of personal finance content on the Internet. The Company provides consumers with proprietary, fully researched, comprehensive, independent and objective personal finance editorial content across multiple vertical categories including mortgages, deposits, insurance, credit cards, and other categories, such as retirement, automobile loans, and taxes.

Employee Rating

3.4More
TypeSubsidiary
Parent CompanyRed Ventures
HQNew York, US
Founded1976
Websitebankrate.com
Bankrate was founded in 1976 and is headquartered in New York, US
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Key People/Management at Bankrate

Scott Kim

Scott Kim

CEO
Ken Stelzer

Ken Stelzer

CFO
Simon Mosk-Aoyama

Simon Mosk-Aoyama

COO
Shane Blain

Shane Blain

Cboo
Michael Amsel

Michael Amsel

SVP, Marketing
Sanam Qureshi

Sanam Qureshi

Senior HR Business Partner
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Bankrate Office Locations

Bankrate has offices in Detroit, San Francisco, Pasadena, Austin and in 2 other locations
New York, US (HQ)
1675 Broadway
Austin, US
9430 Research Blvd Bldg 4
Boise, US
1020 Main Street Suite 270
Detroit, US
400 1274 Library St
Pasadena, US
87 N. Raymond Ave.
San Francisco, US
07 2 Embarcadero Center
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Bankrate Financials and Metrics

Summary Metrics

Founding Date

1976

Investors

Bankrate is a subsidiary of Red Ventures

Bankrate Revenue

Embed Graph
Bankrate's revenue was reported to be $434.16 m in FY, 2016 which is a 17.2% increase from the previous period.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

457.4m544.9m370.5m434.2m

Revenue growth, %

19%(32%)17%

Cost of goods sold

151.1m85.5m171.8m227.5m

Gross profit

306.4m459.4m198.7m206.6m
Quarterly
USDQ1, 2014Q2, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Revenue

136.5m130.7m141.5m132.9m140.8m93.3m98.3m128.8m118.7m115.9m

Cost of goods sold

46.3m46.5m78.7m74.7m74.7m47.2m52.6m64.5m63.2m64.4m

Gross profit

90.2m84.2m62.8m58.2m66.0m46.1m45.7m64.3m55.5m51.5m

Gross profit Margin, %

66%64%44%44%47%49%46%50%47%44%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

230.1m141.7m236.9m176.7m

Accounts Receivable

61.9m70.9m56.1m52.2m

Prepaid Expenses

13.6m35.7m27.7m42.0m

Current Assets

308.9m256.3m321.8m270.9m
Quarterly
USDQ1, 2014Q2, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

243.9m175.8m154.6m138.5m144.6m204.4m122.0m135.8m183.3m188.6m

Accounts Receivable

79.8m87.3m75.9m55.0m59.1m71.0m50.7m66.7m

Prepaid Expenses

17.6m16.4m28.3m25.0m33.6m23.4m45.2m38.0m

Current Assets

336.4m302.0m260.0m250.1m256.4m285.4m214.6m230.3m279.1m293.4m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(10.0m)6.1m(13.3m)(34.1m)

Depreciation and Amortization

60.1m58.6m65.9m42.2m

Accounts Payable

(1.6m)(317.0k)1.4m(1.2m)
Quarterly
USDQ1, 2014Q2, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Net Income

4.8m2.6m(5.3m)575.0k(17.5m)283.0k(41.0m)10.7m(5.2m)(28.5m)

Depreciation and Amortization

14.5m29.7m15.7m31.6m47.7m9.6m20.7m31.6m10.5m21.4m

Accounts Payable

2.1m(105.0k)8.7m4.2m5.7m(8.8m)(7.0m)(1.3m)3.1m(1.9m)

Cash From Operating Activities

5.4m13.8m24.7m44.5m67.2m6.9m17.7m37.2m18.3m26.8m
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Bankrate Operating Metrics

Q1, 2014Q2, 2014Q3, 2014Q4, 2014FY, 2014Q1, 2015Q2, 2015Q3, 2015Q4, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016Q4, 2016FY, 2016Q1, 2017

Credit Cards Consumer Inquiries

2.60 m2.50 m2.50 m2.80 m10.30 m2.70 m2.90 m3.30 m3.60 m12.50 m3 m3.50 m4.40 m4.20 m15 m4.10 m

Mortgage and Savings Consumer Inquiries

1.70 m1.70 m1.70 m1.60 m6.60 m1.70 m1.60 m1.70 m1.50 m6.60 m1.80 m1.80 m2.10 m2.10 m8 m2.50 m

Senior Care Consumer Inquiries

11.90 m19 m18.80 m49.70 m24 m26.80 m25.80 m22.70 m99.30 m33.10 m26 m28.60 m22.60 m110.30 m33.50 m
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Bankrate Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Bankrate Information Consulting (Beijing) Co
Caring
CreditCards.com
Freedom Marketing Limited
LinkOffers
Quizzle
Rate Holding
Wallaby Financial Inc.

Bankrate Revenue Breakdown

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Bankrate revenue breakdown by business segment: 5.3% from Senior Care, 23.1% from Banking and 71.6% from Credit Cards

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Bankrate Online and Social Media Presence

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Bankrate News and Updates

Former Bankrate CFO sentenced to 10 years in prison

The former chief financial officer of Bankrate was sentenced to 10 years in prison on charges of accounting and securities fraud, the Justice Department said. Edward DiMaria also was ordered to pay restitution of $21 million. DiMaria in June pleaded guilty to one count of conspiracy to making false …

Millennials are still crashing with their parents despite the strong economy

The number of millennial homeowners has fallen sharply since 2000 — a surprising statistic given that the economy has since recovered from the great recession, Bankrate reports.

The economy is booming, yet Americans are struggling. An award-winning author explains why

"Stop blaming yourself and start blaming the system," says Alissa Quart.

The pay increases that were supposed to come from the Trump tax law haven't shown up yet

Wage growth remained muted in the April jobs report. It suggests that the GOP tax law has still not boosted wages in the US economy. The slow pace of wage growth is a worrying sign for Republicans' 2018 midterm election fate. The April jobs report, released Friday, showed a mixed outlook for the…
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Bankrate Company Life and Culture

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Bankrate Frequently Asked Questions

  • When was Bankrate founded?

    Bankrate was founded in 1976.

  • Who are Bankrate key executives?

    Bankrate's key executives are Scott Kim, Ken Stelzer and Simon Mosk-Aoyama.

  • What is Bankrate revenue?

    Latest Bankrate annual revenue is $434.2 m.

  • Who are Bankrate competitors?

    Competitors of Bankrate include Credit Karma, Lendio and LendingTree.

  • Where is Bankrate headquarters?

    Bankrate headquarters is located at 1675 Broadway, New York.

  • Where are Bankrate offices?

    Bankrate has offices in Detroit, San Francisco, Pasadena, Austin and in 2 other locations.

  • How many offices does Bankrate have?

    Bankrate has 6 offices.