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Nerdy, Inc. (NRDY) 10-Year Financial Performance & Capital Metrics

NRDY • • Industrial / General
TechnologyApplication SoftwareEducation & Learning PlatformsOnline Education Platforms
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 $190M -1.6%
  • EBITDA -$63M -23.1%
  • Net Income -$43M -6.0%
  • EPS (Diluted) -0.38 +7.3%
  • Gross Margin 67.49% -4.3%
  • EBITDA Margin -32.87% -25.2%
  • Operating Margin -36.85% -23.8%
  • Net Margin -22.39% -7.8%
  • ROE -58.05% -20.4%
  • ROIC -486.88% +77.7%
  • Debt/Equity 0.02 -1.3%
  • Interest Coverage -
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓Strong 5Y sales CAGR of 16.0%
  • ✓Efficient asset utilization: 2.1x turnover

✗Weaknesses

  • ✗Weak Piotroski F-Score: 3/9
  • ✗Negative free cash flow
  • ✗Low quality earnings: Net income not backed by cash flow
  • ✗Shares diluted 15.0% in last year
  • ✗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.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y16.03%
3Y10.59%
TTM-9.86%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-7.17%

EPS CAGR

10Y-
5Y-
3Y-
TTM1.07%

ROCE

10Y Avg-78.01%
5Y Avg-82.73%
3Y Avg-77.54%
Latest-91.45%

Peer Comparison

Online Education Platforms
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
DUOLDuolingo, Inc.6.47B161.7486.0340.84%40.03%29.52%4.22%0.07
RSSSResearch Solutions, Inc.96.3M2.9373.259.94%2.73%8.63%7.27%
DCBODocebo Inc.620.1M21.5825.0919.96%9.53%49.74%4.52%0.03
SGNSigning Day Sports, Inc.2.5M0.59-0.03100.13%-18.22%-19.73%
AMSTAmesite Inc.9.05M1.98-1.92-33.81%-17.32%-154.55%
NRDYNerdy, Inc.130.31M1.06-2.79-1.64%-22.95%-110.17%0.02
COE51Talk Online Education Group121.21M29.33-3.2692.65%-46.11%4.56%
NTCLNetClass Technology Inc8.76M0.44-4.67-8.91%-14.63%-39.38%0.00

Profit & Loss

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+90.45M103.97M140.66M162.66M193.4M190.23M
Revenue Growth %-0.15%0.35%0.16%0.19%-0.02%
Cost of Goods Sold+30.83M34.83M46.7M49.73M56.95M61.84M
COGS % of Revenue0.34%0.34%0.33%0.31%0.29%0.33%
Gross Profit+59.62M69.13M93.96M112.93M136.45M128.39M
Gross Margin %0.66%0.66%0.67%0.69%0.71%0.67%
Gross Profit Growth %-0.16%0.36%0.2%0.21%-0.06%
Operating Expenses+80.16M87.07M190.42M203.74M194.02M198.5M
OpEx % of Revenue0.89%0.84%1.35%1.25%1%1.04%
Selling, General & Admin80.16M87.07M187.41M203.74M194.02M198.5M
SG&A % of Revenue0.89%0.84%1.33%1.25%1%1.04%
Research & Development000000
R&D % of Revenue------
Other Operating Expenses003.01M000
Operating Income+-20.54M-17.93M-96.45M-90.81M-57.57M-70.11M
Operating Margin %-0.23%-0.17%-0.69%-0.56%-0.3%-0.37%
Operating Income Growth %-0.13%-4.38%0.06%0.37%-0.22%
EBITDA+-15.53M-11.89M-90.06M-84.29M-50.8M-62.54M
EBITDA Margin %-0.17%-0.11%-0.64%-0.52%-0.26%-0.33%
EBITDA Growth %-0.23%-6.57%0.06%0.4%-0.23%
D&A (Non-Cash Add-back)5.01M6.04M6.39M6.52M6.77M7.57M
EBIT-20.34M-17.93M-93.44M-90.81M-57.57M-70.11M
Net Interest Income+-2.1M-4.9M-3.79M483K3.38M3.1M
Interest Income000483K3.38M3.1M
Interest Expense2.1M4.9M3.79M000
Other Income/Expense-1.9M-6.73M65.81M26.92M-9.99M3.08M
Pretax Income+-22.44M-24.66M-30.64M-63.89M-67.56M-67.03M
Pretax Margin %-0.25%-0.24%-0.22%-0.39%-0.35%-0.35%
Income Tax+0040K19K109K115K
Effective Tax Rate %1%1%0.89%0.55%0.59%0.64%
Net Income+-22.44M-24.66M-27.32M-35.4M-40.17M-42.59M
Net Margin %-0.25%-0.24%-0.19%-0.22%-0.21%-0.22%
Net Income Growth %--0.1%-0.11%-0.3%-0.13%-0.06%
Net Income (Continuing)-22.44M-24.66M-30.68M-63.91M-67.67M-67.14M
Discontinued Operations000000
Minority Interest0045.14M34.12M33.13M21.63M
EPS (Diluted)+-0.29-0.29-0.05-0.41-0.41-0.38
EPS Growth %-0%0.84%-7.6%0%0.07%
EPS (Basic)-0.29-0.29-0.05-0.41-0.41-0.38
Diluted Shares Outstanding84.72M83.88M79.24M85.87M97.16M111.69M
Basic Shares Outstanding84.72M83.88M79.24M85.87M97.16M111.69M
Dividend Payout Ratio------

Balance Sheet

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+28.11M31.56M155.45M107.66M95.04M64.71M
Cash & Short-Term Investments25.04M29.27M143.96M90.72M74.82M52.54M
Cash Only25.04M29.27M143.96M90.72M74.82M52.54M
Short-Term Investments000000
Accounts Receivable758K475K5.32M11.6M15.4M7.33M
Days Sales Outstanding3.061.6713.8126.0229.0614.07
Inventory000000
Days Inventory Outstanding------
Other Current Assets807K1.25M2.58M1.64M1.69M1.12M
Total Non-Current Assets+30.68M25.71M21.7M25.04M29.71M27.79M
Property, Plant & Equipment12.88M10.3M10.72M12.5M16.39M17.15M
Fixed Asset Turnover7.02x10.10x13.12x13.01x11.80x11.09x
Goodwill5.72M5.72M5.72M5.72M5.72M5.72M
Intangible Assets9.48M8.53M4.43M3.57M3.06M2.43M
Long-Term Investments00832K000
Other Non-Current Assets2.61M1.17M832K3.24M4.54M2.5M
Total Assets+58.79M57.27M177.15M132.69M124.74M92.51M
Asset Turnover1.54x1.82x0.79x1.23x1.55x2.06x
Asset Growth %--0.03%2.09%-0.25%-0.06%-0.26%
Total Current Liabilities+21.01M34.34M41.91M37.33M35.6M28.33M
Accounts Payable2.27M4.45M3.59M3.2M3.44M2.56M
Days Payables Outstanding26.8446.5928.0623.4822.0715.08
Short-Term Debt06.54M841K000
Deferred Revenue (Current)1000K1000K1000K1000K1000K1000K
Other Current Liabilities3.13M3.03M4.04M3.77M4.99M4.89M
Current Ratio1.34x0.92x3.71x2.88x2.67x2.28x
Quick Ratio1.34x0.92x3.71x2.88x2.67x2.28x
Cash Conversion Cycle------
Total Non-Current Liabilities+194.17M421.39M39.43M14.31M3.53M3.07M
Long-Term Debt34.63M41.04M0000
Capital Lease Obligations000000
Deferred Tax Liabilities000000
Other Non-Current Liabilities159.54M380.35M39.43M14.31M3.53M3.07M
Total Liabilities215.18M455.74M81.34M51.64M39.14M31.39M
Total Debt+34.63M47.58M841K1.53M1.32M928K
Net Debt9.59M18.31M-143.12M-89.19M-73.51M-51.61M
Debt / Equity--0.01x0.02x0.02x0.02x
Debt / EBITDA------
Net Debt / EBITDA------
Interest Coverage-9.77x-3.66x-25.44x---
Total Equity+-156.39M-398.46M95.81M81.05M85.61M61.11M
Equity Growth %--1.55%1.24%-0.15%0.06%-0.29%
Book Value per Share-1.85-4.751.210.940.880.55
Total Shareholders' Equity-156.39M-398.46M50.66M46.93M52.48M39.48M
Common Stock86K86K15K16K18K18K
Retained Earnings-168.46M-412.38M-439.71M-475.11M-515.28M-557.87M
Treasury Stock000000
Accumulated OCI176K296K136K-12K31K19K
Minority Interest0045.14M34.12M33.13M21.63M

Cash Flow

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-16.32M-6.65M-38.89M-48M-7.56M-15.6M
Operating CF Margin %-0.18%-0.06%-0.28%-0.3%-0.04%-0.08%
Operating CF Growth %-0.59%-4.84%-0.23%0.84%-1.06%
Net Income-22.44M-24.66M-30.68M-63.91M-40.17M-67.14M
Depreciation & Amortization5.01M6.04M6.39M6.52M6.77M7.57M
Stock-Based Compensation1.75M1.73M54.42M47.24M44.27M41.09M
Deferred Taxes000000
Other Non-Cash Items238K1.11M-73.03M-26.62M-12.17M0
Working Capital Changes-873K9.12M4.01M-11.24M-6.26M2.88M
Change in Receivables-239K283K-4.85M-6.28M-3.8M8.06M
Change in Inventory000000
Change in Payables953K2.18M-856K-391K-474K-170K
Cash from Investing+-6.36M-2.87M-5.16M-5.32M-6.89M-6.86M
Capital Expenditures-6.36M-2.87M-5.16M-5.32M-6.89M-6.86M
CapEx % of Revenue0.07%0.03%0.04%0.03%0.04%0.04%
Acquisitions------
Investments------
Other Investing000000
Cash from Financing+24.39M12.29M159.25M-1M-1.94M0
Debt Issued (Net)------
Equity Issued (Net)------
Dividends Paid000000
Share Repurchases------
Other Financing-613K0198.25M-1M-1.94M0
Net Change in Cash------
Free Cash Flow+-22.67M-9.53M-44.05M-53.32M-14.45M-22.47M
FCF Margin %-0.25%-0.09%-0.31%-0.33%-0.07%-0.12%
FCF Growth %-0.58%-3.62%-0.21%0.73%-0.56%
FCF per Share-0.27-0.11-0.56-0.62-0.15-0.20
FCF Conversion (FCF/Net Income)0.73x0.27x1.42x1.36x0.19x0.37x
Interest Paid04.15M4.07M2.4M2.44M0
Taxes Paid1.44M0038K93K117K

Key Ratios

Metric201920202021202220232024
Return on Equity (ROE)---28.52%-40.03%-48.21%-58.05%
Return on Invested Capital (ROIC)-----2179.62%-486.88%
Gross Margin65.92%66.5%66.8%69.43%70.55%67.49%
Net Margin-24.81%-23.72%-19.43%-21.76%-20.77%-22.39%
Debt / Equity--0.01x0.02x0.02x0.02x
Interest Coverage-9.77x-3.66x-25.44x---
FCF Conversion0.73x0.27x1.42x1.36x0.19x0.37x
Revenue Growth-14.94%35.3%15.64%18.89%-1.64%

Revenue by Segment

2021
Online140.66M
Online Growth-
In-person-
In-person Growth-

Frequently Asked Questions

Growth & Financials

Nerdy, Inc. (NRDY) reported $177.9M in revenue for fiscal year 2024. This represents a 97% increase from $90.5M in 2019.

Nerdy, Inc. (NRDY) saw revenue decline by 1.6% over the past year.

Nerdy, Inc. (NRDY) reported a net loss of $40.8M for fiscal year 2024.

Dividend & Returns

Nerdy, Inc. (NRDY) has a return on equity (ROE) of -58.0%. Negative ROE indicates the company is unprofitable.

Nerdy, Inc. (NRDY) had negative free cash flow of $32.4M in fiscal year 2024, likely due to heavy capital investments.

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