Nerdy Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $179.0M | $190.2M | $193.4M | $162.7M | $140.7M |
| Cost of revenue | $75.2M | $61.8M | $57.0M | $49.7M | $46.7M |
| Gross profit | $103.8M | $128.4M | $136.4M | $112.9M | $94.0M |
| Operating income | -$61.9M | -$70.1M | -$57.6M | -$90.8M | -$96.5M |
| Interest expense | — | — | — | — | $3.8M |
| Pretax income | -$60.8M | -$67.0M | -$67.6M | -$63.9M | -$30.6M |
| Income tax expense | $159,000 | $115,000 | $109,000 | $19,000 | $40,000 |
| Net income | -$39.9M | -$42.6M | -$40.2M | -$35.4M | -$3.8M |
| Balance Sheet | |||||
| Cash and equivalents | $47.9M | $52.5M | $74.8M | $90.7M | $144.0M |
| Current assets | $58.2M | $64.7M | $95.0M | $107.7M | $155.4M |
| Total assets | $76.2M | $92.5M | $124.7M | $132.7M | $177.1M |
| Current liabilities | $25.6M | $28.3M | $35.6M | $37.3M | $41.9M |
| Total liabilities | $47.2M | $31.4M | $39.1M | $51.6M | $81.3M |
| Stockholders' equity | $19.0M | $39.5M | $52.5M | $46.9M | $50.7M |
| Cash Flow Statement | |||||
| Cash from operations | -$18.8M | -$15.6M | -$7.6M | -$48.0M | -$38.9M |
| Depreciation and amortization | $575,000 | $898,000 | $898,000 | $1.1M | $835,000 |
| Stock-based compensation | $27.8M | $41.1M | $44.3M | $47.2M | $54.4M |
| Capital expenditure | $5.4M | $6.9M | $6.9M | $5.3M | $5.2M |
| Free cash flow | -$24.2M | -$22.5M | -$14.4M | -$53.3M | -$44.1M |
| Impairments | — | — | $0 | $0 | $3.0M |
Shares outstanding 190.1M · Free float 21.6%
Annual filing data through FY ended December 31, 2025; float as of July 15, 2026.