Get started

Financials · NRDY

Nerdy Inc. (NRDY) financials

For the twelve months ended Sep 30, 2026, Nerdy Inc. reported $174.27M of revenue and -$26.56M of net income.

Revenue, TTM
$174.27M
Revenue growth, YoY
-2.0%
Net income, TTM
-$26.56M
Net margin
-15.2%
Free cash flow, TTM
-$19.39M
EPS, diluted, TTM
-$3.10
Cash
$42.53M
Total debt
$29.71M
P/S
0.42
Market cap
$72.3M
Annual revenue$178.99M
FY2019FY2025
Annual net income-$39.92M
FY2019FY2025
Annual free cash flow-$24.22M
FY2019FY2025

NRDY revenue and earnings growth

NRDY revenueQ3 2026$33.19M

Quarter YoY
-10.3%
QoQ
-23.2%
FY YoY
-5.9%
5Y CAGR
+11.5%

NRDY revenue was $33.19M in fiscal Q3 2026 (ended Sep 30, 2026), down 10.3% from a year earlier and down 23.2% from the prior quarter. For the full fiscal 2025 it was $178.99M, down 5.9% from fiscal 2024. Compound annual growth was +11.5% over 5 years. It rose in 4 of the last 6 fiscal years.

NRDY net incomeQ3 2026-$8.59M

NRDY net income was -$8.59M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$12.29M a year earlier. For the full fiscal 2025 it was -$39.92M, compared with -$42.59M in fiscal 2024.

NRDY EPSQ3 2026-$1.01

NRDY diluted EPS was -$1.01 in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$1.51 a year earlier. For the full fiscal 2025 it was -$4.95, compared with -$5.70 in fiscal 2024.

NRDY free cash flowQ3 2026-$5.90M

NRDY free cash flow was -$5.90M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$4.14M a year earlier. For the full fiscal 2025 it was -$24.22M, compared with -$22.47M in fiscal 2024.

Export CSV

Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
Revenue$178.99M$190.23M$193.40M$162.66M$140.66M$103.97M$90.45M
Cost of revenue$75.21M$61.84M$56.95M$49.73M$46.70M$34.83M$30.83M
Gross profit$103.78M$128.39M$136.45M$112.93M$93.96M$69.13M$59.62M
Selling, general and admin$105.52M$126.88M$125.57M$129.56M$121.97M$43.23M$42.19M
Operating income-$61.86M-$70.11M-$57.57M-$90.81M-$96.45M-$17.93M-$20.54M
Interest expense----$3.79M$4.90M$2.10M
Pre-tax income-$60.79M-$67.03M-$67.56M-$63.89M-$30.64M-$24.66M-$22.44M
Income tax$159.0K$115.0K$109.0K$19.0K$40.0K$0$0
Net income-$39.92M-$42.59M-$40.17M-$35.40M-$3.78M$0$0
EPS, basic-$4.95-$5.70-$6.15-$6.15-$0.75$0.00$0.00
EPS, diluted-$4.95-$5.70-$6.15-$6.15-$0.75$0.00$0.00
Diluted shares8.1M7.4M6.5M5.7M5.3M00

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
Cash and equivalents$47.90M$52.67M$75.14M$91.55M$145.88M$30.68M$27.90M
Receivables$5.64M$7.33M$15.40M$11.60M$5.32M$475.0K-
Current assets$58.17M$64.71M$95.04M$107.66M$155.45M$31.56M$25.1K
Goodwill$5.72M$5.72M$5.72M$5.72M$5.72M$5.72M-
Total assets$76.17M$92.51M$124.74M$132.69M$177.15M$57.27M$25.1K
Current liabilities$25.63M$28.33M$35.60M$37.33M$41.91M$34.34M$8.6K
Short-term debt----$0$6.54M-
Long-term debt$19.33M$0--$0$41.04M-
Total debt$19.33M$0--$0$47.58M-
Total liabilities$47.23M$31.39M$39.14M$51.64M$81.34M$76.94M$8.6K
Shareholders' equity$19.01M$39.48M$85.61M$81.05M$95.81M-$398.46M-$156.39M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
Operating cash flow-$18.85M-$15.60M-$7.56M-$48.00M-$38.89M-$6.65M-$16.32M
Capital expenditures$5.37M$6.86M$6.89M$5.32M$5.16M$2.87M$6.36M
Free cash flow-$24.22M-$22.47M-$14.45M-$53.32M-$44.05M-$9.53M-$22.67M
Investing cash flow-$5.37M-$6.86M-$6.89M-$5.32M-$5.16M-$2.87M-$6.36M
Financing cash flow$19.50M$0-$1.94M-$1.00M$159.25M$12.29M$24.39M
Stock-based compensation$27.81M$41.09M$44.27M$47.24M$54.42M$1.73M$1.75M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
Revenue growth, YoY-5.9%-1.6%18.9%15.6%35.3%14.9%-
Gross margin58.0%67.5%70.6%69.4%66.8%66.5%65.9%
Operating margin-34.6%-36.9%-29.8%-55.8%-68.6%-17.3%-22.7%
Net margin-22.3%-22.4%-20.8%-21.8%-2.7%0.0%0.0%
Free cash flow margin-13.5%-11.8%-7.5%-32.8%-31.3%-9.2%-25.1%
Return on equity-210.0%-107.9%-46.9%-43.7%-3.9%--
Return on assets-52.4%-46.0%-32.2%-26.7%-2.1%0.0%0.0%
Current ratio2.272.282.672.883.710.922.92
Debt to equity1.020.00--0.00--

Source: XBRL data Nerdy Inc. files with the SEC, latest filing dated Nov 9, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures and share counts are restated for stock splits the filings show: 1-for-15, first reported Nov 9, 2026.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

NRDY peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
NRDY$174.27M-2.0%-$26.56M-15.2%$72.3M
SE$22.94B+36.4%$1.58B6.9%$46.16B
IT$6.44B-0.2%$954.41M14.8%$12.12B
RTO$6.91B+4.4%$470.00M6.8%$12.06B
SCI$3.31B+3.4%$561.30M17.0%$10.19B
EDU$5.66B+15.5%$475.17M8.4%$8.26B
HRB$3.97B+5.2%-$325.44M-8.2%$6.08B
TAL$3.01B+33.7%$530.75M17.6%$5.70B
GHC$5.12B+4.3%$496.96M9.7%$5.19B

NRDY FAQ

9 questions
  • What is NRDY revenue?
    Nerdy Inc. (NRDY) reported $174.27M of revenue for the twelve months ended Sep 30, 2026. That is down 2.0% from the year before. Revenue for fiscal 2025 was $178.99M.
  • Is NRDY profitable?
    No. Nerdy Inc. reported a net loss of $26.56M for the twelve months ended Sep 30, 2026.
  • How much cash and debt does NRDY have?
    Nerdy Inc. reported $42.53M in cash and cash equivalents and $29.71M of debt on its most recent balance sheet in SEC filings.
  • How fast is NRDY revenue growing?
    Nerdy Inc.'s revenue changed -5.9% in fiscal 2025, to $178.99M. Its compound annual growth rate was +11.5% over 5 years.
  • What is NRDY gross margin?
    Nerdy Inc.'s gross profit was $105.09M on $174.27M of revenue for the twelve months ended Sep 30, 2026, a gross margin of 60.3%.
  • What is NRDY free cash flow?
    Nerdy Inc. generated -$19.39M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of -$14.02M less capital expenditures.
  • What is NRDY earnings per share?
    Diluted earnings per share were -$3.10 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did NRDY last report financial results?
    The latest statements here come from Nerdy Inc.'s 10-Q filed on Nov 9, 2026, covering the period ended Sep 30, 2026.
  • Where does this NRDY financial data come from?
    Quantisnow builds these statements from the structured XBRL data Nerdy Inc. files with the SEC. It is provided for information only and is not investment advice.