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Nerdy Inc.

NRDY Clue Score37
United States Fiscal year ends December CIK 0001819404
$6.56 -3.39% Close, 9 Oct 2026
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Price $6.56 −31.52% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 27 Nov 2020. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2019Revenue90.5Operating income−20.5Net income0.0EPS, diluted0.00Fiscal year 2020Revenue104.0 +14.9%Operating income−17.9Net income0.0EPS, diluted0.00Fiscal year 2021Revenue140.7 +35.3%Operating income−96.5Net income−3.8EPS, diluted−0.05Fiscal year 2022Revenue162.7 +15.6%Operating income−90.8Net income−35.4EPS, diluted−0.41Fiscal year 2023Revenue193.4 +18.9%Operating income−57.6Net income−40.2EPS, diluted−0.41Fiscal year 2024Revenue190.2 −1.6%Operating income−70.1Net income−42.6EPS, diluted−0.38Fiscal year 2025Revenue179.0 −5.9%Operating income−61.9Net income−39.9EPS, diluted−0.33
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 90.5 104.0 140.7 162.7 193.4 190.2 179.0
Growth +14.9% +35.3% +15.6% +18.9% −1.6% −5.9%
Operating income −20.5 −17.9 −96.5 −90.8 −57.6 −70.1 −61.9
Net income 0.0 0.0 −3.8 −35.4 −40.2 −42.6 −39.9
Growth
EPS, diluted 0.00 0.00 −0.05 −0.41 −0.41 −0.38 −0.33
Growth

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2019Gross margin65.9%Operating margin−22.7%Net margin0.0%Free cash flow margin−25.1%Fiscal year 2020Gross margin66.5%Operating margin−17.3%Net margin0.0%Free cash flow margin−9.2%Fiscal year 2021Gross margin66.8%Operating margin−68.6%Net margin−2.7%Free cash flow margin−31.3%Fiscal year 2022Gross margin69.4%Operating margin−55.8%Net margin−21.8%Free cash flow margin−32.8%Fiscal year 2023Gross margin70.6%Operating margin−29.8%Net margin−20.8%Free cash flow margin−7.5%Fiscal year 2024Gross margin67.5%Operating margin−36.9%Net margin−22.4%Free cash flow margin−11.8%Fiscal year 2025Gross margin58.0%Operating margin−34.6%Net margin−22.3%Free cash flow margin−13.5%
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 65.9% 66.5% 66.8% 69.4% 70.6% 67.5% 58.0%
Operating margin −22.7% −17.3% −68.6% −55.8% −29.8% −36.9% −34.6%
Net margin 0.0% 0.0% −2.7% −21.8% −20.8% −22.4% −22.3%
Free cash flow margin −25.1% −9.2% −31.3% −32.8% −7.5% −11.8% −13.5%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2019Operating cash flow−16.3Capital expenditure−6.4Free cash flow−22.7Fiscal year 2020Operating cash flow−6.7Capital expenditure−2.9Free cash flow−9.5Fiscal year 2021Operating cash flow−38.9Capital expenditure−5.2Free cash flow−44.1Fiscal year 2022Operating cash flow−48.0Capital expenditure−5.3Free cash flow−53.3Fiscal year 2023Operating cash flow−7.6Capital expenditure−6.9Free cash flow−14.4Fiscal year 2024Operating cash flow−15.6Capital expenditure−6.9Free cash flow−22.5Fiscal year 2025Operating cash flow−18.8Capital expenditure−5.4Free cash flow−24.2
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −16.3 −6.7 −38.9 −48.0 −7.6 −15.6 −18.8
Capital expenditure −6.4 −2.9 −5.2 −5.3 −6.9 −6.9 −5.4
Free cash flow −22.7 −9.5 −44.1 −53.3 −14.4 −22.5 −24.2
Growth

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2019Cash25.0Shareholders’ equity0.0Fiscal year 2020Cash29.3Total debt47.6Net cash (debt)−18.3Shareholders’ equity−398.5Fiscal year 2021Cash144.0Total debt0.0Net cash (debt)144.0Shareholders’ equity50.7Debt to equity0.00Fiscal year 2022Cash90.7Shareholders’ equity46.9Fiscal year 2023Cash74.8Shareholders’ equity52.5Fiscal year 2024Cash52.5Total debt0.0Net cash (debt)52.5Shareholders’ equity39.5Debt to equity0.00Fiscal year 2025Cash47.9Total debt19.3Net cash (debt)28.6Shareholders’ equity19.0Debt to equity1.02
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 25.0 29.3 144.0 90.7 74.8 52.5 47.9
Total debt n/a 47.6 0.0 n/a n/a 0.0 19.3
Net cash (debt) n/a −18.3 144.0 n/a n/a 52.5 28.6
Shareholders’ equity 0.0 −398.5 50.7 46.9 52.5 39.5 19.0
Debt to equity n/a n/a 0.00 n/a n/a 0.00 1.02

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
65.9% 66.5% 66.8% 69.4% 70.6% 67.5% 58.0%
−22.7% −17.3% −68.6% −55.8% −29.8% −36.9% −34.6%
−24.8% −23.7% −21.8% −39.3% −34.9% −35.2% −34.0%
0.0% 0.0% −2.7% −21.8% −20.8% −22.4% −22.3%
−25.1% −9.2% −31.3% −32.8% −7.5% −11.8% −13.5%
Spending
46.6% 41.6% 86.7% 79.6% 64.9% 66.7% 59.0%
7.0% 2.8% 3.7% 3.3% 3.6% 3.6% 3.0%
Returns
0.0% n/a −7.5% −75.4% −76.6% −107.9% −210.0%
0.0% 0.0% −2.1% −26.7% −32.2% −46.0% −52.4%
Balance and payout
n/a n/a 0.00 n/a n/a 0.00 1.02
34.2% 134.3% 45.9% 38.9% 31.4% 33.9% 62.0%