Nerdy Inc. (NRDY) Financial Statements
Industry: Educational Services (Services)
In fiscal 2025, Nerdy reported revenue of $179.0M, down 5.9% from $190.2M the year before. Net income was -$39.9M (a -22.3% net margin), or -$4.95 per diluted share. Gross margin was 58.0% and operating margin was -34.6%. Operating activities generated -$18.8M of cash, leaving -$24.2M of free cash flow. At fiscal year end, Nerdy held $76.2M in total assets against $47.2M in total liabilities, including $47.9M of cash and equivalents.
Open the full interactive Nerdy financials → Quarterly statements, key ratios, valuation history and price charts.
Nerdy Key Stats
| Share Price | $6.06 |
|---|---|
| Market Cap | $51.1M |
| Revenue YoY Growth | -5.9% |
| 52-Week Range | $6.06 – $21.30 |
| Shares Outstanding | 8.4 million (basic, 2026 Q2) |
Nerdy Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $0 | $140.7M | $162.7M | $193.4M | $190.2M | $179.0M |
| Cost of Goods Sold | $0 | $46.7M | $49.7M | $57.0M | $61.8M | $75.2M |
| Gross Profit | $0 | $94.0M | $112.9M | $136.4M | $128.4M | $103.8M |
| Operating Income | -$643,303 | -$96.5M | -$90.8M | -$57.6M | -$70.1M | -$61.9M |
| Pre-Tax Income | -$637,366 | -$30.6M | -$63.9M | -$67.6M | -$67.0M | -$60.8M |
| Income Tax | — | $40,000 | $19,000 | $109,000 | $115,000 | $159,000 |
| Net Income | -$637,366 | -$3.8M | -$35.4M | -$40.2M | -$42.6M | -$39.9M |
| Diluted EPS | -$0.30 | -$0.75 | -$6.15 | -$6.15 | -$5.70 | -$4.95 |
Nerdy Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $37.0M | $49.1M | $48.7M | $43.2M |
| Net Income | -$12.3M | -$9.2M | -$4.1M | -$4.7M |
| Diluted EPS | -$1.50 | -$0.08 | -$0.45 | -$0.60 |
Nerdy Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | — | $144.0M | $90.7M | $74.8M | $52.5M | $47.9M |
| Current Assets | $811,985 | $155.4M | $107.7M | $95.0M | $64.7M | $58.2M |
| Total Assets | $450.8M | $177.1M | $132.7M | $124.7M | $92.5M | $76.2M |
| Current Liabilities | $533,908 | $41.9M | $37.3M | $35.6M | $28.3M | $25.6M |
| Total Long-Term Debt | — | — | — | — | — | $19.3M |
| Total Liabilities | $16.3M | $81.3M | $51.6M | $39.1M | $31.4M | $47.2M |
| Shareholders' Equity | $5.0M | $50.7M | $46.9M | $52.5M | $39.5M | $19.0M |
Nerdy Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$480,871 | -$38.9M | -$48.0M | -$7.6M | -$15.6M | -$18.8M |
| Cash From Investing | -$450.0M | -$5.2M | -$5.3M | -$6.9M | -$6.9M | -$5.4M |
| Cash From Financing | $451.0M | $159.2M | -$1.0M | -$1.9M | $0 | $19.5M |
| Free Cash Flow | — | -$44.1M | -$53.3M | -$14.4M | -$22.5M | -$24.2M |
Figures from Nerdy's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Nerdy financials page for every line item.
Nerdy Company Profile
| Ticker | NRDY |
|---|---|
| Exchange | NYSE |
| Industry | Educational Services (Services) |
| Headquarters | St. Louis, Missouri |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Accelerated filer, smaller reporting company |
| SEC CIK | 0001819404 |
Frequently Asked Questions
What was Nerdy's revenue in fiscal 2025?
Nerdy (NRDY) reported revenue of $179.0M for fiscal 2025.
What is Nerdy's annual revenue history?
Nerdy's annual revenue by fiscal year: 2020: $0; 2021: $140.7M; 2022: $162.7M; 2023: $193.4M; 2024: $190.2M; 2025: $179.0M.
What was Nerdy's net income in fiscal 2025?
Nerdy reported net income of -$39.9M for fiscal 2025.
What was Nerdy's earnings per share (EPS) in fiscal 2025?
Nerdy's diluted EPS was -$4.95 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Nerdy generate in fiscal 2025?
Nerdy generated -$24.2M of free cash flow in fiscal 2025.
What was Nerdy's revenue last quarter?
In its most recent reported quarter (2026 Q2), Nerdy reported revenue of $43.2M.
How much debt does Nerdy have?
Nerdy reported $19.3M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Nerdy are outstanding?
Nerdy reported a weighted average of 8.4 million basic shares outstanding in 2026 Q2.
What is Nerdy's market cap?
Based on its latest closing price, Nerdy (NRDY) has a market capitalization of about $51.1M.
When does Nerdy's fiscal year end?
Nerdy's fiscal year end, as registered with the SEC, is December 31.
Where is Nerdy headquartered?
Nerdy lists its business address in St. Louis, Missouri in its SEC filings.