NRDY · Nerdy Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $48.73M | - | $37.02M | $45.26M | $47.59M | - | $37.53M | $50.98M | $53.73M | - |
| Cost of Revenue | $16.46M | - | $13.72M | $17.42M | $19.98M | - | $11.08M | $17.50M | $17.21M | - |
| Gross Profit | $32.27M | - | $23.30M | $27.84M | $27.61M | - | $26.45M | $33.49M | $36.52M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $23.91M | - | $25.82M | $26.57M | $28.41M | - | $31.86M | $33.18M | $31.98M | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $143.0K | - | $134.0K | $132.0K | $172.0K | - | $217.0K | $230.0K | $246.0K | - |
| Operating Income | ($5.80M) | - | ($19.08M) | ($12.29M) | ($16.59M) | - | ($25.72M) | ($15.23M) | ($12.85M) | - |
| Interest Expense | $0 | - | - | - | - | - | - | - | - | - |
| Income Tax | $22.0K | - | $35.0K | $74.0K | $28.0K | - | $29.0K | $38.0K | $23.0K | - |
| Net Income | ($4.08M) | - | ($12.29M) | ($7.90M) | ($10.50M) | - | ($15.90M) | ($9.09M) | ($7.45M) | - |
| EPS - Basic | ($0.03) | - | ($0.10) | ($0.07) | ($0.09) | - | ($0.14) | ($0.08) | ($0.07) | - |
| EPS - Diluted | ($0.03) | - | ($0.10) | ($0.07) | ($0.09) | - | ($0.14) | ($0.08) | ($0.07) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $44.70M | $47.90M | $32.71M | $36.72M | $44.92M | $52.54M | $65.00M | $69.84M | $76.96M | $74.82M |
| Accounts Receivable | $4.75M | $5.64M | $6.50M | $6.36M | $6.35M | $7.33M | $7.42M | $7.25M | $9.63M | $15.40M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $4.72M | $3.38M | $5.62M | $3.84M | $4.21M | $2.56M | $5.81M | $2.68M | $4.62M | $3.44M |
| Current Assets | $54.50M | $58.17M | $44.49M | $47.64M | $56.06M | $64.71M | $78.08M | $82.39M | $92.00M | $95.04M |
| Total Assets | $72.97M | $76.17M | $70.41M | $73.69M | $83.03M | $92.51M | $106.76M | $111.33M | $121.35M | $124.74M |
| Current Liabilities | $22.61M | $25.63M | $31.02M | $22.41M | $27.38M | $28.33M | $35.84M | $25.70M | $33.04M | $35.60M |
| Long-term Debt | $19.45M | $19.33M | - | - | - | $0 | - | - | - | - |
| Total Liabilities | $44.04M | $47.23M | $33.35M | $24.95M | $30.16M | $31.39M | $38.95M | $28.78M | $36.17M | $39.14M |
| Stockholders' Equity | $19.30M | $19.01M | $24.27M | $31.83M | $34.37M | $39.48M | $43.33M | $52.17M | $52.81M | $52.48M |
| Retained Earnings | ($601.86M) | ($597.79M) | ($588.55M) | ($576.26M) | ($568.36M) | ($557.87M) | ($547.72M) | ($531.82M) | ($522.73M) | ($515.28M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($1.78M) | - | - | - | ($6.44M) | - | - | - | $4.35M | - |
| Investing Cash Flow | ($1.18M) | - | - | - | ($1.18M) | - | - | - | ($2.22M) | - |
| Financing Cash Flow | ($250.0K) | - | - | - | $0 | - | - | - | $0 | - |
| CapEx | $1.18M | - | - | - | $1.18M | - | - | - | $2.22M | - |
| Free Cash Flow | ($2.96M) | - | - | - | ($7.62M) | - | - | - | $2.13M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 66.2% | - | 62.9% | 61.5% | 58.0% | - | 70.5% | 65.7% | 68.0% | - |
| Operating margin | -11.9% | - | -51.5% | -27.1% | -34.8% | - | -68.5% | -29.9% | -23.9% | - |
| EBITDA margin | -11.6% | - | -51.2% | -26.9% | -34.5% | - | -68.0% | -29.4% | -23.5% | - |
| Net margin | -8.4% | - | -33.2% | -17.4% | -22.1% | - | -42.4% | -17.8% | -13.9% | - |
| Free cash flow margin | -6.1% | - | - | - | -16.0% | - | - | - | 4.0% | - |
| FCF / Net income | 0.73 | - | - | - | 0.73 | - | - | - | -0.29 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 49.1% | - | 69.7% | 58.7% | 59.7% | - | 84.9% | 65.1% | 59.5% | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -5.6% | - | -17.5% | -10.7% | -12.6% | - | -14.9% | -8.2% | -6.1% | - |
| Return on equity | -21.1% | - | -50.6% | -24.8% | -30.5% | - | -36.7% | -17.4% | -14.1% | - |
| Return on invested capital | -11.8% | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 2.41 | 2.27 | 1.43 | 2.13 | 2.05 | 2.28 | 2.18 | 3.21 | 2.78 | 2.67 |
| Quick ratio | 2.41 | 2.27 | 1.43 | 2.13 | 2.05 | 2.28 | 2.18 | 3.21 | 2.78 | 2.67 |
| Cash ratio | 1.98 | 1.87 | 1.05 | 1.64 | 1.64 | 1.85 | 1.81 | 2.72 | 2.33 | 2.10 |
| Leverage | ||||||||||
| Debt / Equity | 1.01 | 1.02 | - | - | - | 0.00 | - | - | - | - |
| Debt / Assets | 0.27 | 0.25 | - | - | - | 0.00 | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 3.78 | 4.01 | 2.90 | 2.32 | 2.42 | 2.34 | 2.46 | 2.13 | 2.30 | 2.38 |
| Liabilities / Assets | 0.60 | 0.62 | 0.47 | 0.34 | 0.36 | 0.34 | 0.36 | 0.26 | 0.30 | 0.31 |
| Efficiency | ||||||||||
| Asset turnover | 0.67 | - | 0.53 | 0.61 | 0.57 | - | 0.35 | 0.46 | 0.44 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 36d | - | 64d | 51d | 49d | - | 72d | 52d | 65d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | 105d | - | 150d | 80d | 77d | - | 191d | 56d | 98d | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | 5.3x | - | 6.3x | 6.2x | 4.9x | - | 2.6x | 3.5x | 5.9x | - |
| P / S | 2.1x | - | 4.1x | 4.3x | 3.5x | - | 3.0x | 3.6x | 5.8x | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 2.4% | - | -1.4% | -11.2% | -11.4% | - | -6.9% | 4.4% | 9.2% | - |
| Revenue CAGR (3y) | -0.3% | - | 5.2% | 2.4% | 11.3% | - | 6.2% | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | 16.9% | - | -11.9% | -16.9% | -24.4% | - | -9.4% | -1.8% | 7.7% | - |
| Operating income growth (YoY) | 65.0% | - | 25.8% | 19.3% | -29.0% | - | -0.7% | -45.4% | -13.0% | - |
| Net income growth (YoY) | 61.2% | - | 22.7% | 13.2% | -41.0% | - | -29.4% | -175.7% | 60.7% | - |
| EPS growth (YoY) | 66.7% | - | 28.6% | 12.5% | -28.6% | - | -7.7% | -166.7% | 66.7% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | 61.1% | - | - | - | - | - | - | - | -63.3% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -43.9% | -51.9% | -44.0% | -39.0% | -34.9% | -24.8% | -13.8% | 34.5% | 49.2% | 11.8% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$178.99M totalTutoring Segment$178.99M · 100.0%
Peer comparison
Same SIC group: Services-Educational Services
Comparing Nerdy Inc. against the 5 most active filers in the same SIC group.