Nerdy, Inc.(NRDY)Earnings, Financials & Key Ratios
NRDY•NYSE
$0.87
$56M mkt cap·Price updated May 6, 2026
AboutNerdy, Inc. operates platform for live online learning. The company's purpose-built proprietary platform leverages technology, including AI, to connect learners of various ages to experts, delivering value on both sides of the network. Its learning destination provides learning experiences across various subjects and multiple formats, including one-on-one instruction, small group classes, large format group classes, and adaptive self-study. The company's flagship business, Varsity Tutors, operates platforms for live online tutoring and classes. Its solutions are available directly to learners, as well as through schools and other institutions. The company was founded in 2007 and is headquartered in Saint Louis, Missouri.Show more
- Revenue$179M-5.9%
- EBITDA-$62M+1.1%
- Net Income-$40M+6.3%
- EPS (Diluted)-0.33+13.2%
- Gross Margin57.98%-14.1%
- EBITDA Margin-34.56%-5.1%
- Operating Margin-34.56%+6.2%
- Net Margin-22.3%+0.4%
- ROE-88.67%-52.7%
- ROIC-940.66%-93.2%
- Debt/Equity0.67+4299.0%
NRDY Key Insights
Nerdy, Inc. (NRDY) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Strong 5Y sales CAGR of 11.5%
- ✓Efficient asset utilization: 2.3x turnover
✗Weaknesses
- ✗Weak Piotroski F-Score: 2/9
- ✗Negative free cash flow
- ✗Low quality earnings: Net income not backed by cash flow
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
NRDY Price & Volume
Nerdy, Inc. (NRDY) stock price & volume — 10-year historical chart
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NRDY Growth Metrics
Nerdy, Inc. (NRDY) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years11.48%
3 Years3.24%
TTM-5.91%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM6.26%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM12.97%
Return on Capital
10 Years-82.27%
5 Years-92.49%
3 Years-87.24%
Last Year-107.85%
NRDY Recent Earnings
Nerdy, Inc. (NRDY) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 11/12 qtrs (92%)●Beat Revenue 7/12 qtrs (58%)
Q4 2025Latest
Nov 6, 2025EPS
$0.10
Est $0.16
+37.5%
Revenue
$37M
Est $46M
-19.1%
Q3 2025
Aug 7, 2025EPS
$0.07
Est $0.10
+30.0%
Revenue
$45M
Est $42M
+7.7%
Q2 2025
May 8, 2025EPS
$0.09
Est $0.14
+35.7%
Revenue
$48M
Est $47M
+2.3%
Q1 2025
Feb 27, 2025EPS
$0.09
Est $0.14
+35.7%
Revenue
$48M
Est $45M
+6.7%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q4 2025Latest | Nov 6, 2025 | $0.10vs $0.16+37.5% | $37Mvs $46M-19.1% |
| Q3 2025 | Aug 7, 2025 | $0.07vs $0.10+30.0% | $45Mvs $42M+7.7% |
| Q2 2025 | May 8, 2025 | $0.09vs $0.14+35.7% | $48Mvs $47M+2.3% |
| Q1 2025 | Feb 27, 2025 | $0.09vs $0.14+35.7% | $48Mvs $45M+6.7% |
Based on last 12 quarters of dataView full earnings history →
NRDY Peer Comparison
Nerdy, Inc. (NRDY) competitors in Vertical industry SaaS applications — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 CHGG | 129.87M | 1.16 | -1.21 | -38.97% | -26.89% | -62.94% | 0.70 | |
 TUYA | 1.42B | 2.40 | 282.35 | 29.84% | 9.12% | 2.91% | 0.00 | |
 PRDO | 2.14B | 34.11 | 14.10 | 24.2% | 18.9% | 16.3% | 0.11 | |
 STRA | 1.79B | 78.58 | 14.50 | 3.96% | 10.21% | 7.85% | 0.07 | |
 LAUR | 4.64B | 32.52 | 17.21 | 8.64% | 16.08% | 25.36% | 0.71 | |
 COUR | 1.02B | 6.03 | -19.45 | 9.04% | -8.23% | -10.06% | 0.01 | |
 UDMY | 700.49M | 4.80 | 186.77 | 0.42% | 0.48% | 1.74% | 0.05 | |
 DUOL | 4.89B | 105.02 | 12.25 | 38.71% | 38.44% | 33.63% | 0.07 |
Compare NRDY vs Peers
Nerdy, Inc. (NRDY) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
NRDY Income Statement
Nerdy, Inc. (NRDY) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|
| Sales/Revenue | 90.45M | 103.97M | 140.66M | 162.66M | 193.4M | 190.23M | 178.99M |
| Revenue Growth % | - | 14.94% | 35.3% | 15.64% | 18.89% | -1.64% | -5.91% |
| Cost of Goods Sold | 30.83M | 34.83M | 46.7M | 49.73M | 56.95M | 61.84M | 75.21M |
| COGS % of Revenue | 34.08% | 33.5% | 33.2% | 30.57% | 29.45% | 32.51% | 42.02% |
| Gross Profit | 59.62M▲ 0% | 69.13M▲ 16.0% | 93.96M▲ 35.9% | 112.93M▲ 20.2% | 136.45M▲ 20.8% | 128.39M▼ 5.9% | 103.78M▼ 19.2% |
| Gross Margin % | 65.92% | 66.5% | 66.8% | 69.43% | 70.55% | 67.49% | 57.98% |
| Gross Profit Growth % | - | 15.95% | 35.92% | 20.19% | 20.82% | -5.9% | -19.17% |
| Operating Expenses | 80.16M | 87.07M | 190.42M | 203.74M | 194.02M | 198.5M | 165.64M |
| OpEx % of Revenue | 88.62% | 83.75% | 135.37% | 125.25% | 100.32% | 104.35% | 92.54% |
| Selling, General & Admin | 80.16M | 87.07M | 187.41M | 203.74M | 194.02M | 198.5M | 165.64M |
| SG&A % of Revenue | 88.62% | 83.75% | 133.23% | 125.25% | 100.32% | 104.35% | 92.54% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 3.01M | 0 | 0 | 0 | 0 |
| Operating Income | -20.54M▲ 0% | -17.93M▲ 12.7% | -96.45M▼ 437.8% | -90.81M▲ 5.9% | -57.57M▲ 36.6% | -70.11M▼ 21.8% | -61.86M▲ 11.8% |
| Operating Margin % | -22.7% | -17.25% | -68.57% | -55.83% | -29.77% | -36.85% | -34.56% |
| Operating Income Growth % | - | 12.67% | -437.8% | 5.85% | 36.6% | -21.78% | 11.76% |
| EBITDA | -15.53M | -11.89M | -90.06M | -84.29M | -50.8M | -62.54M | -61.86M |
| EBITDA Margin % | -17.17% | -11.44% | -64.03% | -51.82% | -26.27% | -32.87% | -34.56% |
| EBITDA Growth % | - | 23.42% | -657.36% | 6.41% | 39.73% | -23.11% | 1.08% |
| D&A (Non-Cash Add-back) | 5.01M | 6.04M | 6.39M | 6.52M | 6.77M | 7.57M | 0 |
| EBIT | -20.34M | -17.93M | -93.44M | -90.81M | -57.57M | -70.11M | 0 |
| Net Interest Income | -2.1M | -4.9M | -3.79M | 483K | 3.38M | 3.1M | 0 |
| Interest Income | 0 | 0 | 0 | 483K | 3.38M | 3.1M | 0 |
| Interest Expense | 2.1M | 4.9M | 3.79M | 0 | 0 | 0 | 0 |
| Other Income/Expense | -1.9M | -6.73M | 65.81M | 26.92M | -9.99M | 3.08M | 1.07M |
| Pretax Income | -22.44M▲ 0% | -24.66M▼ 9.9% | -30.64M▼ 24.2% | -63.89M▼ 108.5% | -67.56M▼ 5.7% | -67.03M▲ 0.8% | -60.79M▲ 9.3% |
| Pretax Margin % | -24.81% | -23.72% | -21.78% | -39.28% | -34.93% | -35.23% | -33.96% |
| Income Tax | 0 | 0 | 40K | 19K | 109K | 115K | 159K |
| Effective Tax Rate % | 0% | 0% | -0.13% | -0.03% | -0.16% | -0.17% | -0.26% |
| Net Income | -22.44M▲ 0% | -24.66M▼ 9.9% | -27.32M▼ 10.8% | -35.4M▼ 29.5% | -40.17M▼ 13.5% | -42.59M▼ 6.0% | -39.92M▲ 6.3% |
| Net Margin % | -24.81% | -23.72% | -19.43% | -21.76% | -20.77% | -22.39% | -22.3% |
| Net Income Growth % | - | -9.91% | -10.79% | -29.55% | -13.49% | -6% | 6.26% |
| Net Income (Continuing) | -22.44M | -24.66M | -30.68M | -63.91M | -67.67M | -67.14M | -39.92M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 45.14M | 34.12M | 33.13M | 21.63M | 9.92M |
| EPS (Diluted) | -0.29▲ 0% | -0.29▲ 0.0% | -0.05▲ 83.6% | -0.41▼ 759.5% | -0.41▲ 0.0% | -0.38▲ 7.3% | -0.33▲ 13.2% |
| EPS Growth % | - | 0% | 83.55% | -759.54% | 0% | 7.32% | 13.16% |
| EPS (Basic) | -0.29 | -0.29 | -0.05 | -0.41 | -0.41 | -0.38 | -0.33 |
| Diluted Shares Outstanding | 84.72M | 83.88M | 79.24M | 85.87M | 97.16M | 111.69M | 120.83M |
| Basic Shares Outstanding | 84.72M | 83.88M | 79.24M | 85.87M | 97.16M | 111.69M | 120.83M |
| Dividend Payout Ratio | - | - | - | - | - | - | - |
NRDY Balance Sheet
Nerdy, Inc. (NRDY) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|
| Total Current Assets | 28.11M | 31.56M | 155.45M | 107.66M | 95.04M | 64.71M | 58.17M |
| Cash & Short-Term Investments | 25.04M | 29.27M | 143.96M | 90.72M | 74.82M | 52.54M | 47.9M |
| Cash Only | 25.04M | 29.27M | 143.96M | 90.72M | 74.82M | 52.54M | 47.9M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 758K | 475K | 5.32M | 11.6M | 15.4M | 7.33M | 5.64M |
| Days Sales Outstanding | 3.06 | 1.67 | 13.81 | 26.02 | 29.06 | 14.07 | 11.5 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - |
| Other Current Assets | 807K | 1.25M | 2.58M | 1.64M | 1.69M | 1.12M | 4.64M |
| Total Non-Current Assets | 30.68M | 25.71M | 21.7M | 25.04M | 29.71M | 27.79M | 17.99M |
| Property, Plant & Equipment | 12.88M | 10.3M | 10.72M | 12.5M | 16.39M | 17.15M | 8.68M |
| Fixed Asset Turnover | 7.02x | 10.10x | 13.12x | 13.01x | 11.80x | 11.09x | 20.61x |
| Goodwill | 5.72M | 5.72M | 5.72M | 5.72M | 5.72M | 5.72M | 5.72M |
| Intangible Assets | 9.48M | 8.53M | 4.43M | 3.57M | 3.06M | 2.43M | 1.89M |
| Long-Term Investments | 0 | 0 | 832K | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 2.61M | 1.17M | 832K | 3.24M | 4.54M | 2.5M | 1.7M |
| Total Assets | 58.79M▲ 0% | 57.27M▼ 2.6% | 177.15M▲ 209.3% | 132.69M▼ 25.1% | 124.74M▼ 6.0% | 92.51M▼ 25.8% | 76.17M▼ 17.7% |
| Asset Turnover | 1.54x | 1.82x | 0.79x | 1.23x | 1.55x | 2.06x | 2.35x |
| Asset Growth % | - | -2.58% | 209.29% | -25.09% | -5.99% | -25.84% | -17.66% |
| Total Current Liabilities | 21.01M | 34.34M | 41.91M | 37.33M | 35.6M | 28.33M | 25.63M |
| Accounts Payable | 2.27M | 4.45M | 3.59M | 3.2M | 3.44M | 2.56M | 3.38M |
| Days Payables Outstanding | 26.84 | 46.59 | 28.06 | 23.48 | 22.07 | 15.08 | 16.38 |
| Short-Term Debt | 0 | 6.54M | 841K | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 14.72M | 17.27M | 30M | 25.54M | 20.48M | 15.26M | 14.48M |
| Other Current Liabilities | 3.13M | 3.03M | 4.04M | 3.77M | 4.99M | 4.89M | 11.14M |
| Current Ratio | 1.34x | 0.92x | 3.71x | 2.88x | 2.67x | 2.28x | 2.27x |
| Quick Ratio | 1.34x | 0.92x | 3.71x | 2.88x | 2.67x | 2.28x | 2.27x |
| Cash Conversion Cycle | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 194.17M | 421.39M | 39.43M | 14.31M | 3.53M | 3.07M | 21.61M |
| Long-Term Debt | 34.63M | 41.04M | 0 | 0 | 0 | 0 | 19.33M |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 159.54M | 380.35M | 39.43M | 14.31M | 3.53M | 3.07M | 2.28M |
| Total Liabilities | 215.18M | 455.74M | 81.34M | 51.64M | 39.14M | 31.39M | 47.23M |
| Total Debt | 34.63M | 47.58M | 841K | 1.53M | 1.32M | 928K | 19.33M |
| Net Debt | 9.59M | 18.31M | -143.12M | -89.19M | -73.51M | -51.61M | -28.57M |
| Debt / Equity | - | - | 0.01x | 0.02x | 0.02x | 0.02x | 0.67x |
| Debt / EBITDA | - | - | - | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - | - | - | - |
| Interest Coverage | -9.77x | -3.66x | -25.44x | - | - | - | - |
| Total Equity | -156.39M▲ 0% | -398.46M▼ 154.8% | 95.81M▲ 124.0% | 81.05M▼ 15.4% | 85.61M▲ 5.6% | 61.11M▼ 28.6% | 28.93M▼ 52.7% |
| Equity Growth % | - | -154.79% | 124.04% | -15.4% | 5.62% | -28.61% | -52.66% |
| Book Value per Share | -1.85 | -4.75 | 1.21 | 0.94 | 0.88 | 0.55 | 0.24 |
| Total Shareholders' Equity | -156.39M | -398.46M | 50.66M | 46.93M | 52.48M | 39.48M | 19.01M |
| Common Stock | 86K | 86K | 15K | 16K | 18K | 18K | 18K |
| Retained Earnings | -168.46M | -412.38M | -439.71M | -475.11M | -515.28M | -557.87M | -597.79M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 176K | 296K | 136K | -12K | 31K | 19K | 36K |
| Minority Interest | 0 | 0 | 45.14M | 34.12M | 33.13M | 21.63M | 9.92M |
NRDY Cash Flow Statement
Nerdy, Inc. (NRDY) cash flow — operating, investing & free cash flow history
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|
| Cash from Operations | -16.32M | -6.65M | -38.89M | -48M | -7.56M | -15.6M | -18.85M |
| Operating CF Margin % | -18.04% | -6.4% | -27.65% | -29.51% | -3.91% | -8.2% | -10.53% |
| Operating CF Growth % | - | 59.22% | -484.48% | -23.43% | 84.25% | -106.39% | -20.78% |
| Net Income | -22.44M | -24.66M | -30.68M | -63.91M | -40.17M | -67.14M | -60.95M |
| Depreciation & Amortization | 5.01M | 6.04M | 6.39M | 6.52M | 6.77M | 7.57M | 7.63M |
| Stock-Based Compensation | 1.75M | 1.73M | 54.42M | 47.24M | 44.27M | 41.09M | 27.81M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 238K | 1.11M | -73.03M | -26.62M | -12.17M | 0 | 6.67M |
| Working Capital Changes | -873K | 9.12M | 4.01M | -11.24M | -6.26M | 2.88M | 0 |
| Change in Receivables | -239K | 283K | -4.85M | -6.28M | -3.8M | 8.06M | 1.7M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 953K | 2.18M | -856K | -391K | -474K | -170K | 543K |
| Cash from Investing | -6.36M | -2.87M | -5.16M | -5.32M | -6.89M | -6.86M | -5.37M |
| Capital Expenditures | -6.36M | -2.87M | -5.16M | -5.32M | -6.89M | -6.86M | -5.37M |
| CapEx % of Revenue | 7.03% | 2.76% | 3.67% | 3.27% | 3.56% | 3.61% | 3% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | 24.39M | 12.29M | 159.25M | -1M | -1.94M | 0 | 19.5M |
| Debt Issued (Net) | 25M | 12.29M | -39M | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -613K | 0 | 198.25M | -1M | -1.94M | 0 | 19.5M |
| Net Change in Cash | 1.74M▲ 0% | 2.79M▲ 60.0% | 115.2M▲ 4034.9% | -54.33M▼ 147.2% | -16.41M▲ 69.8% | -22.47M▼ 36.9% | -4.78M▲ 78.7% |
| Free Cash Flow | -22.67M▲ 0% | -9.53M▲ 58.0% | -44.05M▼ 362.4% | -53.32M▼ 21.0% | -14.45M▲ 72.9% | -22.47M▼ 55.5% | -24.22M▼ 7.8% |
| FCF Margin % | -25.07% | -9.16% | -31.32% | -32.78% | -7.47% | -11.81% | -13.53% |
| FCF Growth % | - | 57.98% | -362.36% | -21.03% | 72.9% | -55.51% | -7.79% |
| FCF per Share | -0.27 | -0.11 | -0.56 | -0.62 | -0.15 | -0.20 | -0.20 |
| FCF Conversion (FCF/Net Income) | 0.73x | 0.27x | 1.42x | 1.36x | 0.19x | 0.37x | 0.47x |
| Interest Paid | 0 | 4.15M | 4.07M | 2.4M | 2.44M | 0 | 0 |
| Taxes Paid | 1.44M | 0 | 0 | 38K | 93K | 117K | 0 |
NRDY Key Ratios
Nerdy, Inc. (NRDY) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | - | - | -28.52% | -40.03% | -48.21% | -58.05% | -88.67% |
| Return on Invested Capital (ROIC) | - | - | - | - | -2179.62% | -486.88% | -940.66% |
| Gross Margin | 65.92% | 66.5% | 66.8% | 69.43% | 70.55% | 67.49% | 57.98% |
| Net Margin | -24.81% | -23.72% | -19.43% | -21.76% | -20.77% | -22.39% | -22.3% |
| Debt / Equity | - | - | 0.01x | 0.02x | 0.02x | 0.02x | 0.67x |
| Interest Coverage | -9.77x | -3.66x | -25.44x | - | - | - | - |
| FCF Conversion | 0.73x | 0.27x | 1.42x | 1.36x | 0.19x | 0.37x | 0.47x |
| Revenue Growth | - | 14.94% | 35.3% | 15.64% | 18.89% | -1.64% | -5.91% |
NRDY Frequently Asked Questions
Nerdy, Inc. (NRDY) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Nerdy, Inc. (NRDY) reported $179.0M in revenue for fiscal year 2025. This represents a 98% increase from $90.5M in 2019.
Nerdy, Inc. (NRDY) saw revenue decline by 5.9% over the past year.
Nerdy, Inc. (NRDY) reported a net loss of $39.9M for fiscal year 2025.
Dividend & Returns
Nerdy, Inc. (NRDY) has a return on equity (ROE) of -88.7%. Negative ROE indicates the company is unprofitable.
Nerdy, Inc. (NRDY) had negative free cash flow of $24.2M in fiscal year 2025, likely due to heavy capital investments.
Explore More NRDY
Nerdy, Inc. (NRDY) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
Dollar cost averaging vs lump sum
Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates