Nerdy Inc.

Listed Company

NRDYCIK 0001819404NYSEAcceleratedSmaller ReportingServices-Educational ServicesDelawareFY ends Dec 31

Period

FY 2025

Revenue

$178.99M

Net Income

$-39.92M

Total Assets

$76.17M

Equity

$19.01M

Shares Out

85.56M

Op. Cash Flow

$-18.85M

NRDY$0.83−47.70% · past yearDBEQ Basic

Daily closing prices

Business

Nerdy Inc. operates a two-sided live online tutoring and learning platform that connects learners of all ages with qualified experts for instruction across thousands of subjects. The company offers learning memberships for direct consumers spanning one-on-one tutoring, live classes, self-study tools, and adaptive assessments, alongside institutional solutions for K-12 school districts including high-dosage tutoring and comprehensive platform access. Nerdy serves both consumer and institutional audiences across academic and professional learning segments, leveraging AI-powered matching and personalized learning technology.

Summary from 10-K filed 2026-02-26

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue	179	190	193	163	141
Cost of revenue	75	62	57	50	47
Gross Profit	104	128	136	113	94
Sales and marketing expenses	60	72	68	74	65
General and administrative expenses	106	127	126	130	122
Operating Loss	−62	−70	−58	−91	−96
Unrealized loss on derivatives, net	0	0	13	−27	−71
Interest income, net	−1	−3	−3	−483,000	—
Other (income) expense, net	−2,000	23,000	−19,000	183,000	9
Loss before Income Taxes	−61	−67	−68	−64	−31
Income tax expense	159,000	115,000	109,000	19,000	40,000
Net Loss	−61	−67	−68	−64	−31
Net loss attributable to noncontrolling interests	−21	−25	−27	−29	−3
Net Loss Attributable to Class A Common Stockholders	−40	−43	−40	−35	−4
Basic (in dollars per share)	−0.33	−0.38	−0.41	−0.41	−0.05
Diluted (in dollars per share)	−0.33	−0.38	−0.41	−0.41	−0.05
Basic (in shares)	121	112	97	86	79
Diluted (in shares)	121	112	97	86	79

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	48	53	75	91	144
Accounts receivable, net	6	7	15	12	5
Other current assets	5	5	5	5	6
Total Current Assets	58	65	95	108	155
Fixed assets, net	9	17	16	13	11
Goodwill	6	6	6	6	6
Intangible assets, net	2	2	3	4	4
Other assets	2	2	5	3	832,000
Total Assets	76	93	125	133	177
Accounts payable	3	3	3	3	4
Deferred revenue	14	15	20	26	30
Other current liabilities	8	11	12	9	7
Total Current Liabilities	26	28	36	37	42
Long-term debt	19	0	—	—	0
Other liabilities	2	3	4	14	39
Total Liabilities	47	31	39	52	81
Commitments and Contingencies (See Note 15)	—	—	—	—	—
Additional paid-in capital	617	597	568	522	490
Accumulated deficit	−598	−558	−515	−475	−440
Accumulated other comprehensive income	36,000	19,000	31,000	−12,000	136,000
Total Stockholders Equity Excluding Noncontrolling Interests	19	39	52	47	51
Noncontrolling interests	10	22	33	34	45
Total Stockholders Equity	29	61	86	81	96
Total Liabilities and Stockholders Equity	76	93	125	133	177

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Non-cash stock-based compensation expense	28	41	44	47	54
Depreciation & amortization	7	7	6	6	5
Amortization of intangibles	625,000	614,000	606,000	602,000	1
Amortization of deferred financing fees	78,000	0	0	0	493,000
Abandonment of capitalized internal-use software	8	0	0	—	—
Other	69,000	0	2	—	—
Decrease (increase) in accounts receivable, net	2	8	−4	−6	−5
Decrease (increase) in other current assets	66,000	−78,000	972,000	125,000	−3
Decrease in other assets	799,000	2	527,000	1	16,000
Increase (decrease) in accounts payable	543,000	−170,000	−474,000	−391,000	−856,000
Decrease in deferred revenue	−1	−5	−5	−4	13
(Decrease) increase in other current liabilities	−2	−959,000	3	−188,000	1
Decrease in other liabilities	−1	−648,000	−2	−1	−1
Net Cash Used In Operating Activities	−19	−16	−8	−48	−39
Capital expenditures	−5	−7	−7	−5	−5
Net Cash Used In Investing Activities	−5	−7	−7	−5	−5
Proceeds from term loan	20	0	0	0	11
Payments of deferred financing fees	−501,000	0	0	—	0
Payments of warrant and earnout transaction costs	0	0	−2	0	0
Net Cash Provided By (Used In) Financing Activities	19	0	−2	−1	159
Effect of Exchange Rate Change on Cash, Cash Equivalents, and Restricted Cash	−61,000	−1,000	−20,000	−13,000	1,000
Net Decrease in Cash, Cash Equivalents, and Restricted cash	−5	−22	−16	−54	115
Non-cash stock-based compensation	29	43	47	50	55
Purchase of fixed assets included in accounts payable	35,000	2,000	731,000	0	44,000
Cash paid for income taxes	148,000	117,000	93,000	38,000	0
Cash paid for interest	167,000	0	0	0	4

Filings

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Frequently asked questions

What is Nerdy Inc.'s CIK number?

Nerdy Inc.'s SEC CIK number is 0001819404 (1819404). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find Nerdy Inc.'s SEC filings?

All of Nerdy Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did Nerdy Inc. last report earnings?

Nerdy Inc. (NRDY) most recently filed an earnings 8-K with the SEC on May 7, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001193125-26-211882). This is Nerdy Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is Nerdy Inc.'s most recent earnings 8-K?

Nerdy Inc.'s latest earnings 8-K (Item 2.02) was filed May 7, 2026 under accession 0001193125-26-211882. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View Nerdy Inc.'s latest earnings 8-K →
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