SequelSEC

Nerdy Inc. NRDY

Services-Educational Services · CIK 0001819404 · Fiscal year ends 1231

AnnualQuarterlyTTM
Revenue
$178.99M
Fiscal year ended 2025-12-31
Operating income
-$61.86M
Fiscal year ended 2025-12-31
Free cash flow
-$24.22M
Fiscal year ended 2025-12-31

Nerdy Inc. (NRDY) reported revenue of $178.99M and net income of -$39.92M for the fiscal year ended 2025-12-31. This page shows 7 annual periods of income statement, balance sheet and cash flow figures normalized from Nerdy Inc.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Services-Educational Services.

Income

Nerdy Inc. income by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
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
Operating income-$61.86M-$70.11M-$57.57M-$90.81M-$96.45M-$17.94M-$20.54M
Net income-$39.92M-$42.58M-$40.17M-$35.40M-$3.78M$0$0
Research & developmentUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Weighted-average diluted sharesshares 120.83Mshares 111.70Mshares 97.16Mshares 85.87Mshares 79.24Mshares 0shares 0
Pretax income-$60.79M-$67.03M-$67.56M-$63.89M-$30.64M-$24.66M-$22.44M
Income tax expense$159.00K$115.00K$109.00K$19.00K$40.00K$0$0
Diluted EPS$-0.33$-0.38$-0.41$-0.41$-0.05$0.00$0.00
Selling, general & administrative$165.64M$198.50M$194.02M$203.74M$187.41M$87.07M$80.16M
General & administrative$105.52M$126.88M$125.57M$129.56M$121.97M$43.23M$42.19M
Selling & marketing$60.12M$71.62M$68.45M$74.18M$65.44M$43.84M$37.97M

Balance

Nerdy Inc. balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Cash & equivalents$47.90M$52.54M$74.82M$90.72M$143.96M$29.26M$25.04M
Total assets$76.17M$92.51M$124.74M$132.69M$177.14M$57.27M$25.09K
Current assets$58.17M$64.71M$95.04M$107.66M$155.45M$31.56M$25.09K
Total liabilities$47.23M$31.39M$39.14M$51.64M$81.34M$76.94M$8.59K
Current liabilities$25.62M$28.33M$35.60M$37.33M$41.91M$34.34M$8.59K
Total equity incl. NCI$28.93M$61.11M$85.61M$81.05M$95.80M-$398.46M-$156.39M
Temporary (mezzanine) equityUnavailableUnavailableUnavailableUnavailableUnavailable$378.80MUnavailable
InventoryUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Accounts receivable$5.64M$7.34M$15.40M$11.60M$5.32M$475.00KUnavailable
Goodwill$5.72M$5.72M$5.72M$5.72M$5.72M$5.72MUnavailable
Long-term debt$19.33M$0UnavailableUnavailable$0$41.04MUnavailable
Accounts payable$3.38M$2.56M$3.44M$3.20M$3.59M$4.45MUnavailable

Cash flow

Nerdy Inc. cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
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
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
Net change in cash-$4.78M-$22.47M-$16.41M-$54.33M$115.20M$2.79M$1.74M
Stock-based compensation$27.81M$41.09M$44.27M$47.24M$54.42M$1.73M$1.75M
Common dividends paidUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Common share repurchasesUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Depreciation & amortizationUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Derived

Nerdy Inc. derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Free cash flow-$24.22M-$22.47M-$14.45M-$53.32M-$44.05M-$9.53M-$22.67M
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%
FCF margin-13.5%-11.8%-7.5%-32.8%-31.3%-9.2%-25.1%
SBC / revenue15.5%21.6%22.9%29.0%38.7%1.7%1.9%
Current ratio2.27x2.28x2.67x2.88x3.71x0.92x2.92x
Revenue YoY growth-5.9%-1.6%18.9%15.6%35.3%14.9%Unavailable
Net margin-22.3%-22.4%-20.8%-21.8%-2.7%0.0%0.0%
R&D / revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
CapEx / revenue3.0%3.6%3.6%3.3%3.7%2.8%7.0%
Long-term debt / equity0.67x0.00xUnavailableUnavailableUnavailableUnavailableUnavailable
Effective tax rateUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open NRDY in the interactive workspace to inspect any figure back to its filing.

Source filings

10-Q · Filed 2026-08-06View SEC filing
10-Q · Filed 2026-05-07View SEC filing
10-K · Filed 2026-02-26View SEC filing
10-Q · Filed 2025-11-06View SEC filing
10-Q · Filed 2025-08-07View SEC filing
10-Q · Filed 2025-05-08View SEC filing

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Reconciliation checks needing review

1 period on this page do not reconcile under this site’s normalization. Read that as a limitation here before an observation about the company: the figures are the filer’s own, the filings linked above are authoritative, and a difference usually means the concepts this site selected do not match how this filer presents its statements. Nothing is adjusted to make a check pass.

balance equationreview2019-12-31

Difference 156407506 exceeds tolerance 1000000. Presentation or filing-vintage differences need review.