NYSE : NRDY
Nerdy Inc. — Financial statements
Technology · Software - Application · United States
Last price 6.29 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 80.35M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Nerdy Inc. (NRDY) reported revenue of 178.10M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 178.10M | 178.99M | 190.23M | 193.40M | 162.66M | 140.66M |
| Cost of Revenue | 61.75M | 67.45M | 61.84M | 56.95M | 49.73M | 46.70M |
| Gross Profit | 116.34M | 111.54M | 128.39M | 136.45M | 112.93M | 93.96M |
| Selling, General & Admin | 152.97M | 165.00M | 198.50M | 194.02M | 202.26M | 187.41M |
| Operating Expenses | 152.97M | 165.00M | 198.50M | 194.02M | 202.26M | 187.41M |
| Operating Income | -36.63M | -53.46M | -70.11M | -57.57M | -89.33M | -93.44M |
| Interest Expense | -1.33M | -3.77M | ||||
| Interest & Investment Income | 939.00K | 1.07M | 3.10M | 3.38M | 483.00K | |
| Other Non Operating Income (Expenses) | -9.00K | 2.00K | -23.00K | -13.37M | 26.44M | 70.86M |
| EBT Excluding Unusual Items | -37.03M | -52.38M | -67.03M | -67.56M | -62.41M | -26.35M |
| Merger & Restructuring Charges | -882.00K | -648.00K | -1.48M | |||
| Asset Writedown | -7.76M | -7.76M | -3.01M | |||
| Other Unusual Items | -1.28M | |||||
| Pretax Income | -45.67M | -60.79M | -67.03M | -67.56M | -63.89M | -30.64M |
| Income Tax Expense | 113.00K | 159.00K | 115.00K | 109.00K | 19.00K | 40.00K |
| Earnings From Continuing Operations | -45.78M | -60.95M | -67.14M | -67.67M | -63.91M | -30.68M |
| Minority Interest in Earnings | 15.53M | 21.03M | 24.56M | 27.50M | 28.51M | 3.35M |
| Net Income | -30.25M | -39.92M | -42.59M | -40.17M | -35.40M | -27.32M |
| Preferred Dividends & Other Adjustments | -23.55M | |||||
| Net Income to Common | -30.25M | -39.92M | -42.59M | -40.17M | -35.40M | -3.78M |
| Shares Outstanding (Basic) | 8.26M | 8.06M | 7.45M | 6.48M | 5.72M | 5.28M |
| Shares Outstanding (Diluted) | 8.26M | 8.06M | 7.45M | 6.48M | 5.72M | 5.28M |
| EPS (Basic) | -3.66 | -4.96 | -5.72 | -6.20 | -6.18 | -0.72 |
| EPS (Diluted) | -3.66 | -4.96 | -5.72 | -6.20 | -6.18 | -0.72 |
| Free Cash Flow | -17.63M | -24.22M | -22.47M | -14.45M | -53.32M | -44.05M |
| Free Cash Flow Per Share | -2.14 | -3.01 | -3.02 | -2.23 | -9.31 | -8.34 |
| Gross Margin | 65.33% | 62.31% | 67.49% | 70.55% | 69.43% | 66.80% |
| Operating Margin | -20.57% | -29.87% | -36.85% | -29.77% | -54.92% | -66.43% |
| Profit Margin | -16.99% | -22.30% | -22.39% | -20.77% | -21.76% | -2.69% |
| Free Cash Flow Margin | -9.90% | -13.53% | -11.81% | -7.47% | -32.78% | -31.32% |
| EBITDA | -35.46M | -52.26M | -68.60M | -56.07M | -87.67M | -91.54M |
| EBITDA Margin | -19.91% | -29.20% | -36.06% | -28.99% | -53.90% | -65.08% |
| D&A For EBITDA | 1.16M | 1.20M | 1.51M | 1.50M | 1.66M | 1.90M |
| EBIT | -36.63M | -53.46M | -70.11M | -57.57M | -89.33M | -93.44M |
| EBIT Margin | -20.57% | -29.87% | -36.85% | -29.77% | -54.92% | -66.43% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 38.42M | 47.90M | 52.54M | 74.82M | 90.72M | 143.96M |
| Cash & Short-Term Investments | 38.42M | 47.90M | 52.54M | 74.82M | 90.72M | 143.96M |
| Receivables | 4.32M | 5.64M | 7.33M | 15.40M | 11.60M | 5.32M |
| Prepaid Expenses | 4.09M | 3.72M | 3.13M | 3.71M | 3.59M | |
| Restricted Cash | 132.00K | 184.00K | 516.00K | 1.08M | ||
| Other Current Assets | 3.61M | 552.00K | 984.00K | 1.50M | 1.12M | 1.49M |
| Total Current Assets | 46.36M | 58.17M | 64.71M | 95.04M | 107.66M | 155.45M |
| Property, Plant & Equipment | 11.82M | 10.38M | 19.65M | 20.00M | 15.43M | 10.72M |
| Goodwill | 5.72M | 5.72M | 5.72M | 5.72M | 5.72M | 5.72M |
| Other Intangible Assets | 688.00K | 1.89M | 2.43M | 3.06M | 3.57M | 4.43M |
| Other Long-Term Assets | 929.00K | 316.00K | 832.00K | |||
| Total Assets | 64.58M | 76.17M | 92.51M | 124.74M | 132.69M | 177.15M |
| Accounts Payable | 4.42M | 3.38M | 2.56M | 3.44M | 3.20M | 3.59M |
| Accrued Expenses | 5.58M | 5.03M | 6.22M | 5.06M | 4.55M | |
| Current Portion of Leases | 334.00K | 928.00K | 1.32M | 1.53M | ||
| Current Unearned Revenue | 6.24M | 14.48M | 15.26M | 20.48M | 25.54M | 30.00M |
| Other Current Liabilities | 6.52M | 1.86M | 4.55M | 4.15M | 2.00M | 3.77M |
| Total Current Liabilities | 17.18M | 25.62M | 28.33M | 35.60M | 37.33M | 41.91M |
| Long-Term Debt | 19.58M | 19.33M | ||||
| Long-Term Leases | 1.88M | 2.06M | 2.40M | 3.35M | 1.86M | |
| Other Long-Term Liabilities | 216.00K | 668.00K | 185.00K | 12.45M | 39.43M | |
| Total Liabilities | 38.64M | 47.23M | 31.39M | 39.14M | 51.64M | 81.34M |
| Common Stock | 19.00K | 18.00K | 18.00K | 18.00K | 16.00K | 15.00K |
| Additional Paid-In Capital | 623.77M | 616.74M | 597.31M | 567.71M | 522.03M | 490.22M |
| Retained Earnings | -606.51M | -597.79M | -557.87M | -515.28M | -475.11M | -439.71M |
| Comprehensive Income & Other | 36.00K | 19.00K | 31.00K | -12.00K | 136.00K | |
| Total Common Equity | 17.28M | 19.01M | 39.48M | 52.48M | 46.93M | 50.66M |
| Minority Interest | 8.66M | 9.92M | 21.63M | 33.13M | 34.12M | 45.14M |
| Shareholders' Equity | 25.94M | 28.93M | 61.11M | 85.61M | 81.05M | 95.81M |
| Total Liabilities & Equity | 64.58M | 76.17M | 92.51M | 124.74M | 132.69M | 177.15M |
| Total Debt | 21.46M | 21.73M | 3.33M | 4.67M | 3.39M | |
| Net Cash (Debt) | 16.96M | 26.17M | 49.21M | 70.16M | 87.32M | 143.96M |
| Net Cash Per Share | 2.05 | 3.25 | 6.61 | 10.83 | 15.25 | 27.25 |
| Filing Date Shares Outstanding | 8.53M | 8.28M | 7.87M | 7.14M | 6.36M | 5.59M |
| Total Common Shares Outstanding | 8.47M | 8.24M | 7.85M | 7.09M | 6.35M | 5.59M |
| Working Capital | 29.18M | 32.55M | 36.39M | 59.43M | 70.33M | 113.54M |
| Book Value Per Share | 2.04 | 2.31 | 5.03 | 7.40 | 7.39 | 9.06 |
| Tangible Book Value | 10.87M | 11.40M | 31.33M | 43.70M | 37.64M | 40.52M |
| Tangible Book Value Per Share | 1.28 | 1.38 | 3.99 | 6.16 | 5.92 | 7.24 |
| Machinery | 4.40M | 4.29M | 3.77M | 4.56M | 3.97M | |
| Leasehold Improvements | 1.98M | 1.94M | 1.85M | 1.49M | 1.49M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -30.25M | -39.92M | -42.59M | -40.17M | -35.40M | -27.32M |
| Depreciation & Amortization | 1.16M | 1.20M | 1.51M | 1.50M | 1.66M | 1.90M |
| Other Amortization | 4.49M | 6.51M | 6.06M | 5.27M | 4.87M | 4.49M |
| Asset Writedown & Restructuring Costs | 7.76M | 7.76M | 3.01M | |||
| Stock-Based Compensation | 22.51M | 27.81M | 41.09M | 44.27M | 47.24M | 54.42M |
| Other Operating Activities | -14.85M | -20.96M | -24.56M | -12.17M | -55.13M | -79.39M |
| Change in Accounts Receivable | 2.04M | 1.70M | 8.06M | -3.80M | -6.28M | -4.85M |
| Change in Accounts Payable | 345.00K | 543.00K | -170.00K | -474.00K | -391.00K | -856.00K |
| Change in Unearned Revenue | -4.42M | -1.24M | -5.22M | -5.06M | -4.47M | 12.73M |
| Change in Other Net Operating Assets | -659.00K | -2.24M | 204.00K | 3.08M | -107.00K | -3.02M |
| Operating Cash Flow | -11.88M | -18.85M | -15.60M | -7.56M | -48.00M | -38.89M |
| Capital Expenditures | -5.75M | -5.37M | -6.86M | -6.89M | -5.32M | -5.16M |
| Investing Cash Flow | -5.75M | -5.37M | -6.86M | -6.89M | -5.32M | -5.16M |
| Long-Term Debt Issued | 20.00M | 11.00M | ||||
| Long-Term Debt Repaid | -50.00M | |||||
| Net Debt Issued (Repaid) | 20.00M | 20.00M | -39.00M | |||
| Other Financing Activities | -751.00K | -501.00K | -1.94M | -1.00M | 198.25M | |
| Financing Cash Flow | 19.25M | 19.50M | -1.94M | -1.00M | 159.25M | |
| Foreign Exchange Rate Adjustments | -46.00K | -61.00K | -1.00K | -20.00K | -13.00K | 1.00K |
| Net Cash Flow | 1.57M | -4.78M | -22.47M | -16.41M | -54.33M | 115.20M |
| Free Cash Flow | -17.63M | -24.22M | -22.47M | -14.45M | -53.32M | -44.05M |
| Free Cash Flow Margin | -9.90% | -13.53% | -11.81% | -7.47% | -32.78% | -31.32% |
| Free Cash Flow Per Share | -2.14 | -3.01 | -3.02 | -2.23 | -9.31 | -8.34 |
| Levered Free Cash Flow | -1.83M | -1.75M | 683.50K | 4.40M | -18.94M | -204.62K |
| Unlevered Free Cash Flow | -1.33M | -1.83M | 683.50K | 4.40M | -18.94M | 2.15M |
| Cash Interest Paid | 1.25M | 167.00K | 4.07M | |||
| Cash Income Tax Paid | 148.00K | 148.00K | 117.00K | 93.00K | 38.00K | |
| Change in Working Capital | -2.69M | -1.24M | 2.88M | -6.26M | -11.24M | 4.01M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 78.86M | 127.86M | 187.00M | 358.15M | 209.80M | 377.44M |
| Enterprise Value | 61.89M | 110.27M | 149.59M | 306.54M | 142.97M | 225.98M |
| Last Close Price | 6.29 | 15.60 | 24.30 | 51.45 | 33.75 | 67.50 |
| PS Ratio | 0.45 | 0.71 | 0.98 | 1.85 | 1.29 | 2.68 |
| PB Ratio | 3.08 | 4.42 | 3.06 | 4.18 | 2.59 | 3.94 |
| P/TBV Ratio | 7.39 | 11.22 | 5.97 | 8.20 | 5.57 | 9.31 |
| EV/Sales Ratio | 0.36 | 0.62 | 0.79 | 1.58 | 0.88 | 1.61 |
| Debt / Equity Ratio | 0.83 | 0.75 | 0.05 | 0.05 | 0.04 | |
| Net Debt / Equity Ratio | -0.65 | -0.90 | -0.81 | -0.82 | -1.08 | -1.50 |
| Net Debt / EBITDA Ratio | 0.48 | 0.50 | 0.72 | 1.25 | 1.00 | 1.57 |
| Net Debt / FCF Ratio | 0.96 | 1.08 | 2.19 | 4.86 | 1.64 | 3.27 |
| Asset Turnover | 2.58 | 2.12 | 1.75 | 1.50 | 1.05 | 1.20 |
| Quick Ratio | 2.49 | 2.09 | 2.11 | 2.53 | 2.74 | 3.56 |
| Current Ratio | 2.70 | 2.27 | 2.29 | 2.67 | 2.88 | 3.71 |
| Return on Equity (ROE) | -122.60% | -135.37% | -91.53% | -81.21% | -72.27% | -80.59% |
| Return on Assets (ROA) | -33.11% | -39.62% | -40.34% | -27.95% | -36.04% | -49.83% |
| Return on Capital Employed (ROCE) | -77.30% | -105.80% | -109.20% | -64.60% | -93.70% | -69.10% |
| Earnings Yield | -59.36% | -31.22% | -22.77% | -11.22% | -16.87% | -7.24% |
| FCF Yield | -21.95% | -18.94% | -12.01% | -4.03% | -25.41% | -11.67% |
| Buyback Yield / Dilution | -5.88% | -8.18% | -14.96% | -13.14% | -8.38% | 7.40% |