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Nerdy Inc. (NRDY)

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Nerdy Inc. (NRDY) reported revenue of $43 million for Q2 FY2026, the quarter ended 30 June 2026, down 4.5% on the same quarter a year earlier. Net income was -$5 million, and diluted earnings per share $-0.04. The figures are the company's own, from the 10-Q it filed with the SEC on 6 August 2026.

Revenue$43 milliondown 4.5%
Net income-$5 million
Diluted EPS$-0.04
QuarterQ2 FY2026ended 30 June 2026

Nerdy (NRDY) in brief

Nerdy (NRDY) reported revenue of $179 million for fiscal 2025, the year ended 31 December 2025, down 5.9% on the year before.
Read moreNet loss was $40 million and the diluted loss per share $0.33. Revenue was $190 million in fiscal 2024, $193 million in fiscal 2023, $163 million in fiscal 2022 and $141 million in fiscal 2021. Net income in the same years was a loss of $43 million, a loss of $40 million, a loss of $35 million and a loss of $4 million. Over the twelve months to 30 June 2026, Nerdy reported revenue of $178 million and net loss of $30 million. Revenue grew 11.5% a year, compounded, over the five years to fiscal 2025. Nerdy had 192 million shares outstanding at the latest filed count. At 30 June 2026 it carried $20 million of debt and $38 million of cash. At the close of 30 October 2026 the market cap of Nerdy was $1.2 billion.

Ratios

From the filings

ROE-175.1%
ROCE-122.8%
Operating margin-25.4%
Net margin-17.0%
FCF margin-9.9%
Interest covern/a
Debt to equity1.13
Cash conversionn/a
Share count, last 12 months3.1%
Sales CAGR, 3 years3.2%
Profit CAGR, 3 yearsn/a
EPS, TTM-$0.25

At the close of 30 October 2026

Price$6.28
Market cap$1.2 billion
Stock P/En/a
Price to book69.65
EV / EBITDAn/a
Dividend yieldn/a
Market cap / sales6.76
52-week high$21.30
52-week low$5.58
Price, 1 year-58.5%
Price CAGR, 3 years-48.6%
Price CAGR, 5 years-45.3%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on long-term debt as Nerdy Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
NRDYgreeksoup.ai
Daily prices to 30 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on NRDY

Dividendsno dividend in its filings for fiscal 2019 onward
Filings26 in twelve months: 15 current reports (8-K), about 5 officer or director change; 4 results of operations; 2 other events; 2 shareholder vote; 1 change to security holders' rights
Planned insider sales5 Form 144 notices in twelve months, $324,476; latest 10 June 2026
Options tapeno listed options
13F holders80 funds reported a position for the quarter to 30 June 2026; largest Technology Crossover Management VIII, Ltd.
Insider trading25 sales and 25 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest345,545 shares short, 15.23 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 20 quarters

Q3 FY2021Q4 FY2021 * †Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue31.342.046.942.231.841.849.248.840.355.153.751.037.548.047.645.337.049.148.743.2
Cost of revenue10.613.414.213.49.812.315.314.711.115.817.217.511.116.120.017.413.724.116.515.2
Gross profit20.728.732.828.821.929.533.934.129.239.336.533.526.531.927.627.823.325.032.328.0
Gross margin66%68%70%68%69%71%69%70%72%71%68%66%70%67%58%62%63%51%66%65%
Operating income-58.0-26.6-20.7-22.0-27.7-20.4-11.4-10.5-25.6-10.2-12.9-15.2-25.7-16.3-16.6-12.3-19.1-13.9-5.8-6.5
Operating margin-185%-63%-44%-52%-87%-49%-23%-21%-63%-18%-24%-30%-69%-34%-35%-27%-52%-28%-12%-15%
Interest expense1.3n/an/an/an/an/an/an/an/an/an/an/an/an/a0.00.0n/an/a0.70.7
Pre-tax income-57.7-7.1-31.715.3-32.3-15.2-32.2-5.5-20.6-9.2-12.0-14.4-24.9-15.7-16.1-11.9-18.7-14.0-6.1-6.8
Tax raten/an/an/a0%n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Net income-21.3-7.1-16.88.7-18.5-8.7-18.9-3.3-12.3-5.7-7.4-9.1-15.9-10.1-10.5-7.9-12.3-9.2-4.1-4.7
Net margin-68%-17%-36%21%-58%-21%-38%-7%-30%-10%-14%-18%-42%-21%-22%-17%-33%-19%-8%-11%
Diluted EPS-$0.27$0.22-$0.21$0.09-$0.21-$0.10-$0.21-$0.03-$0.13-$0.05-$0.07-$0.08-$0.14-$0.09-$0.09-$0.07-$0.10-$0.08-$0.03-$0.04
Operating cash flow-18.5-18.9-0.9-19.3-13.3-14.56.8-4.5-4.8-5.04.4-5.6-3.1-11.3-6.4-7.0-2.4-2.9-1.8-4.7
Capital expenditure1.71.41.31.41.61.01.01.11.93.02.21.51.91.21.21.21.71.31.21.5
Free cash flow-20.2-20.3-2.2-20.7-14.9-15.55.8-5.6-6.7-8.02.1-7.1-5.0-12.5-7.6-8.2-4.1-4.3-3.0-6.3
Shares outstandingn/an/an/an/an/an/an/an/an/an/an/an/a180m182m184m186m187m189m190m192m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 7 fiscal years and the trailing twelve months

FY2019FY2020 †FY2021FY2022FY2023FY2024FY2025TTM
Revenue90.5104141163193190179178
Cost of revenue30.834.846.749.757.061.875.269.5
Gross profit59.669.194.0113136128104109
Gross margin65.9%66.5%66.8%69.4%70.6%67.5%58.0%61.0%
Operating income-20.5-17.9-96.5-90.8-57.6-70.1-61.9-45.3
Operating margin-22.7%-17.3%-68.6%-55.8%-29.8%-36.9%-34.6%-25.4%
Interest expense2.14.93.8n/an/an/an/an/a
Pre-tax income-22.4-24.7-30.6-63.9-67.6-67.0-60.8-45.7
Income tax0.00.00.00.00.10.10.20.1
Net income0.00.0-3.8-35.4-40.2-42.6-39.9-30.3
Net margin0.0%0.0%-2.7%-21.8%-20.8%-22.4%-22.3%-17.0%
Diluted EPS$0.00$0.00-$0.05-$0.41-$0.41-$0.38-$0.33-$0.25
Filing10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Cash flow and capital returned

FY2019FY2020 †FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow-16.3-6.7-38.9-48.0-7.6-15.6-18.8-11.9
Capital expenditure6.42.95.25.36.96.95.45.8
Free cash flow-22.7-9.5-44.1-53.3-14.4-22.5-24.2-17.6
Free cash flow margin-25.1%-9.2%-31.3%-32.8%-7.5%-11.8%-13.5%-9.9%
Cash from investing-6.4-2.9-5.2-5.3-6.9-6.9-5.4-5.8
Cash from financing24.412.3159-1.0-1.90.019.519.2
Depreciation and amortisation2.12.01.91.71.51.51.21.2
Share-based compensation1.71.754.447.244.341.127.822.5
Diluted shares, weighted0079m86m97m112m121m126m
Shares outstanding at period endn/an/an/an/an/an/an/a192m
Filing10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2019FY2020 †FY2021FY2022FY2023FY2024FY2025TTM
Funded by
Shareholders' equityn/a-39850.746.952.539.519.017.3
Non-controlling interestn/a0.045.134.133.121.69.98.7
Redeemable equityn/a379n/an/an/an/an/an/a
Debtn/a47.60.00.00.00.019.319.6
Operating lease liabilitiesn/an/an/a1.93.32.42.1n/a
Other liabilities0.029.481.349.835.829.025.819.1
Total liabilities and equityn/a57.317713312592.576.264.6
Owned
Fixed assetsn/a10.310.712.516.417.18.710.2
Goodwilln/a5.75.75.75.75.75.75.7
Intangible assetsn/a8.54.43.63.12.41.90.7
Cash and equivalentsn/a29.314490.774.852.547.938.4
Receivablesn/a0.55.311.615.47.35.64.3
Other assetsn/a3.07.08.69.47.36.35.2
Total assetsn/a57.317713312592.576.264.6
Filing10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compoundedn/a11.5%3.2%-0.2%
Profit growth, compoundedn/an/an/an/a
Return on equity, averagen/a-95.5%-131.5%-210.0%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Nerdy's revenue in fiscal 2025?

Nerdy (NRDY) reported revenue of $179 million for fiscal 2025, the year ended 31 December 2025, down 5.9% on the year before.

How much did Nerdy earn in fiscal 2025?

Net loss was $40 million for fiscal 2025, and the diluted loss per share $0.33.

What is Nerdy's market cap?

The market cap of Nerdy was $1.2 billion at the close of 30 October 2026.

How much debt does Nerdy have?

At 30 June 2026 Nerdy carried $20 million of debt and $38 million of cash.

Peers: Personal Services

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Graham Holdings Co. GHC$4.9 billion10.2610.3%5.4%4.3%0.180.6%
Laureate Education, Inc. LAUR$4.5 billion12.3133.5%25.8%20.9%0.17n/a
Covista Inc. CVSA$4.2 billion16.9918.1%19.8%9.3%0.35n/a
Grand Canyon Education, Inc. LOPE$3.9 billion17.8633.5%24.5%7.0%0.00n/a
Stride, Inc. LRN$3.3 billion10.8120.0%18.4%2.5%0.25n/a
Perdoceo Education Corp. PRDO$1.9 billion10.8817.1%24.6%11.7%n/a2.0%
Strategic Education, Inc. STRA$1.6 billion12.148.2%14.0%3.5%0.003.3%
Universal Technical Institute Inc. UTI$1.2 billion36.5010.0%5.0%9.1%0.46n/a
Nerdy Inc. NRDY$1.2 billionn/a-175.1%-25.4%-0.2%1.13n/a
Phoenix Education Partners, Inc. PXED$863 millionn/an/an/an/a0.17n/a
American Public Education Inc. APEI$745 million16.6914.5%9.6%3.6%0.28n/a
Lincoln Educational Services Corp. LINC$656 million28.7411.3%5.9%22.0%0.13n/a
All 33 in Personal Services
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Ryder System Inc. R$10.8 billion21.5017.5%n/a3.2%2.421.3%
Service Corp. International SCI$10.4 billion18.9535.6%22.7%3.0%3.281.8%
H&R Block Inc. HRB$6.3 billion8.96624.4%23.0%4.9%12.693.3%
Graham Holdings Co. GHC$4.9 billion10.2610.3%5.4%4.3%0.180.6%
Unifirst Corp. UNF$4.6 billion42.454.9%5.4%3.7%0.00n/a
Laureate Education, Inc. LAUR$4.5 billion12.3133.5%25.8%20.9%0.17n/a
Covista Inc. CVSA$4.2 billion16.9918.1%19.8%9.3%0.35n/a
Grand Canyon Education, Inc. LOPE$3.9 billion17.8633.5%24.5%7.0%0.00n/a
Avis Budget Group, Inc. CAR$3.8 billionn/an/a-4.6%0.4%n/an/a
Stride, Inc. LRN$3.3 billion10.8120.0%18.4%2.5%0.25n/a
Bright Horizons Family Solutions Inc. BFAM$2.6 billionn/a-21.0%0.1%6.7%1.69n/a
Driven Brands Holdings Inc. DRVN$2.0 billion11.9323.0%14.0%7.6%2.02n/a
Perdoceo Education Corp. PRDO$1.9 billion10.8817.1%24.6%11.7%n/a2.0%
Strategic Education, Inc. STRA$1.6 billion12.148.2%14.0%3.5%0.003.3%
Universal Technical Institute Inc. UTI$1.2 billion36.5010.0%5.0%9.1%0.46n/a
CRA International, Inc. CRAI$1.2 billion26.0927.1%10.0%11.5%1.201.1%
Nerdy Inc. NRDY$1.2 billionn/a-175.1%-25.4%-0.2%1.13n/a
U-Haul Holding Co. UHAL$1.1 billionn/a0.8%7.0%3.0%1.36n/a
Yelp Inc. YELP$1.1 billion9.1419.6%11.7%1.5%0.16n/a
Phoenix Education Partners, Inc. PXED$863 millionn/an/an/an/a0.17n/a
American Public Education Inc. APEI$745 million16.6914.5%9.6%3.6%0.28n/a
Hertz Global Holdings, Inc. HTZ$680 millionn/an/a-2.5%3.4%n/an/a
Lincoln Educational Services Corp. LINC$656 million28.7411.3%5.9%22.0%0.13n/a
Carriage Services Inc. CSV$555 million12.5316.0%21.9%2.4%1.901.3%
EVgo Inc. EVGO$396 millionn/an/a-30.5%30.7%n/an/a
Monro, Inc. MNRO$374 millionn/a0.1%1.7%-4.4%0.249.4%
EVI Industries, Inc. EVI$274 million44.385.1%3.5%14.6%0.341.5%
KinderCare Learning Companies, Inc. KLC$241 millionn/a-101.1%-14.9%1.8%1.99n/a
WW International, Inc. WW$148 millionn/an/an/an/a1.52n/a
Legacy Education Inc. LGCY$123 million14.5617.3%14.8%24.8%0.00n/a
Team Inc. TISI$110 millionn/an/a0.8%2.6%n/an/a
Chegg, Inc. CHGG$78 millionn/a-44.7%-20.9%-47.6%0.29n/a
Regis Corp. RGS$74 million12.283.6%10.9%6.8%0.60n/a
13 companies share its SEC industry code (Services-Educational Services); the rest are the names nearest in size in its wider industry, Personal Services, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 20266 August 2026EDGAR
10-Q31 March 20267 May 2026EDGAR
10-K31 December 202526 February 2026EDGAR
10-Q30 September 20256 November 2025EDGAR
10-Q30 June 20257 August 2025EDGAR
10-Q31 March 20258 May 2025EDGAR
10-K31 December 202427 February 2025EDGAR
10-Q30 September 20247 November 2024EDGAR
10-Q30 June 20248 August 2024EDGAR
10-Q31 March 20247 May 2024EDGAR