NRDY

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Nerdy Inc. Class A

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Key Metrics

Previous Close: $10.10
52-Week Range: $9.15 – $22.35
Market Cap: $718.22M
P/E (TTM): —
EPS (TTM): -3.75
Dividend Yield: —

Advanced Metrics

Price/Book: 73.09
PEG Ratio: —
Return on Equity: -122.60%
Return on Assets: -33.11%
Gross Margin: 65.33%
Operating Margin: -12.94%
Profit Margin: -16.99%
Current Ratio: 2.70
Debt/Equity: 0.83
Total Debt: $21.46M
Free Cash Flow: $-1.83M
Revenue Growth: -4.50%
Earnings Growth: —
Enterprise Value: $77.81M

NRDY Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$162.66M	$193.40M	$190.23M	$178.99M
Cost of Revenue	$49.73M	$56.95M	$61.84M	$75.21M
Gross Profit	$112.93M	$136.45M	$128.39M	$103.78M
Selling, General & Admin	$203.74M	$194.02M	$198.50M	$165.64M
Operating Expenses	$203.74M	$194.02M	$198.50M	$165.64M
Operating Income	-$90.81M	-$57.57M	-$70.11M	-$61.86M
EBITDA	-$84.29M	-$50.80M	-$62.54M	-$54.23M
Pretax Income	-$63.89M	-$67.56M	-$67.03M	-$60.79M
Income Tax	$19.00K	$109.00K	$115.00K	$159.00K
Net Income	-$35.40M	-$40.17M	-$42.59M	-$39.92M
Diluted EPS	-0.41	-0.41	-0.38	-0.33
Diluted Shares	85.87M	97.16M	111.69M	120.83M

NRDY Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$90.72M	$74.82M	$52.54M	$47.90M
Receivables	$11.60M	$15.40M	$7.33M	$5.64M
Current Assets	$107.66M	$95.04M	$64.71M	$58.17M
Total Assets	$132.69M	$124.74M	$92.51M	$76.17M
Current Liabilities	$37.33M	$35.60M	$28.33M	$25.63M
Long-Term Debt	—	—	—	$19.33M
Total Debt	$1.53M	$1.32M	$928.00K	$19.66M
Total Liabilities	$51.64M	$39.14M	$31.39M	$47.23M
Retained Earnings	-$475.11M	-$515.28M	-$557.87M	-$597.79M
Shareholders' Equity	$46.93M	$52.48M	$39.48M	$19.01M
Working Capital	$70.33M	$59.43M	$36.39M	$32.55M

NRDY Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	-$48.00M	-$7.56M	-$15.60M	-$18.85M
Capital Expenditure	-$5.32M	-$6.89M	-$6.86M	-$5.37M
Free Cash Flow	-$53.32M	-$14.45M	-$22.47M	-$24.22M
Depreciation & Amortisation	$6.52M	$6.77M	$7.57M	$7.63M
Stock-Based Compensation	$47.24M	$44.27M	$41.09M	$27.81M
Investing Cash Flow	-$5.32M	-$6.89M	-$6.86M	-$5.37M
Financing Cash Flow	-$1.00M	-$1.94M	$0.00	$19.50M
Net Change in Cash	-$54.32M	-$16.39M	-$22.47M	-$4.72M

NRDY Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$47.59M	$45.26M	$37.02M	$49.11M	$48.73M
Cost of Revenue	$19.98M	$17.42M	$13.72M	$24.08M	$16.46M
Gross Profit	$27.61M	$27.84M	$23.30M	$25.03M	$32.27M
Selling, General & Admin	$44.20M	$40.13M	$42.38M	$38.94M	$38.07M
Operating Expenses	$44.20M	$40.13M	$42.38M	$38.94M	$38.07M
Operating Income	-$16.59M	-$12.29M	-$19.08M	-$13.91M	-$5.80M
EBITDA	-$14.14M	-$10.29M	-$17.05M	-$12.29M	-$4.63M
Pretax Income	-$16.12M	-$11.93M	-$18.72M	-$14.02M	-$6.11M
Income Tax	$28.00K	$74.00K	$35.00K	$22.00K	$22.00K
Net Income	-$10.50M	-$7.90M	-$12.29M	-$9.24M	-$4.08M
Diluted EPS	-0.09	-0.07	-0.10	-0.08	-0.03
Diluted Shares	118.46M	120.15M	121.67M	123.05M	124.30M

NRDY Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$44.92M	$36.72M	$32.71M	$47.90M	$44.70M
Receivables	$6.35M	$6.36M	$6.50M	$5.64M	$4.75M
Current Assets	$56.06M	$47.64M	$44.49M	$58.17M	$54.50M
Total Assets	$83.03M	$73.69M	$70.41M	$76.17M	$72.97M
Current Liabilities	$27.38M	$22.41M	$31.02M	$25.63M	$22.61M
Long-Term Debt	—	—	—	$19.33M	$19.45M
Total Debt	—	—	—	$19.66M	$19.45M
Total Liabilities	$30.16M	$24.95M	$33.35M	$47.23M	$44.04M
Retained Earnings	-$568.36M	-$576.26M	-$588.55M	-$597.79M	-$601.86M
Shareholders' Equity	$34.37M	$31.83M	$24.27M	$19.01M	$19.30M
Working Capital	$28.69M	$25.23M	$13.47M	$32.55M	$31.88M

NRDY Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	-$6.44M	-$7.04M	-$2.42M	-$2.93M	-$1.78M
Capital Expenditure	-$1.18M	-$1.16M	-$1.72M	-$1.32M	-$1.18M
Free Cash Flow	-$7.62M	-$8.20M	-$4.14M	-$4.25M	-$2.96M
Depreciation & Amortisation	$1.99M	$2.00M	$2.03M	$1.62M	$815.00K
Stock-Based Compensation	$7.59M	$7.54M	$6.85M	$5.83M	$5.98M
Investing Cash Flow	-$1.18M	-$1.16M	-$1.72M	-$1.32M	-$1.18M
Financing Cash Flow	$0.00	$0.00	$0.00	$19.50M	-$250.00K
Net Change in Cash	-$7.62M	-$8.20M	-$4.14M	$15.25M	-$3.21M

Market Snapshot

About

Nerdy Inc. operates an online learning platform that connects students with tutors and educational resources through its flagship brand Varsity Tutors. The company provides one-on-one tutoring, small group classes, test prep, and adaptive learning technology across thousands of subjects and standardized tests. Nerdy serves K-12, college, and adult learners with live instruction and on-demand content, operating in a direct-to-consumer model as well as institutional partnerships with schools and districts.