Nerdy (NRDY) Financial Statements & Analysis

Nerdy (NRDY) Income Statement

Nerdy reported revenue of $178.99M in fiscal 2025 (fiscal year ended Dec 31, 2025), down 5.9% from $190.23M a year earlier. Nerdy posted a net loss of $39.92M, compared with a net loss of $42.59M a year earlier. Gross margin was 58.0% and operating margin -34.6%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $43.23M, down 4.5% from the same quarter a year earlier.

Nerdy Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Nerdy Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Revenue & Gross Profit
Revenue	178.99	190.23	193.40	162.67	140.66	103.97	90.45
Cost of Revenue	75.21	61.84	56.95	49.73	46.70	34.83	30.83
Gross Profit	103.78	128.39	136.45	112.93	93.96	69.13	59.62
Operating Expenses
Research & Development	41.34	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	165.64	198.50	194.02	203.74	187.41	87.07	80.16
Operating Expenses	165.64	198.50	194.02	203.74	187.41	87.07	80.16
Operating Income	-61.86	-70.11	-57.57	-90.81	-93.45	-17.94	-20.54
Other Income/Expense
Interest Income	1.07	-0.02	3.38	0.48	0.00	0.00	0.00
Interest Expense	0.00	0.00	0.00	0.00	3.79	-4.83	2.10
Other Income/Expense	0.00	3.08	-13.37	26.92	66.58	-1.90	-1.90
Income
Income Before Tax	-60.79	-67.03	-67.56	-63.89	-30.64	-24.66	-22.44
Income Tax Expense	0.16	0.12	0.11	0.02	0.04	0.00	0.00
Net Income	-39.92	-42.59	-40.17	-35.40	-27.33	-24.66	-22.44
Net Income - Continuous Operations	-60.95	-67.14	-67.67	-35.40	-30.68	-24.66	-22.44
Net Income - Discontinued Operations	-	-	-	-	-	-	-
EBITDA	-54.24	-68.60	-50.80	-57.37	-87.06	-15.97	-15.33
EBIT	-61.86	-70.11	-57.57	-89.33	-93.45	-17.94	-
Depreciation & Amortization	7.63	1.51	6.77	6.52	6.39	1.96	5.01
Earnings Per Share
Basic EPS	-5.00	-6.00	-6.00	-6.00	-	-	-4.00
Diluted EPS	-5.00	-	-6.00	-6.00	-	-	-4.00
Basic Shares Outstanding	8.06	7.45	6.48	5.72	79.24	85.56	5.65
Diluted Shares Outstanding	8.06	7.45	6.48	5.72	79.24	85.56	5.65

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Nerdy Financial Statements

What was Nerdy's revenue in fiscal 2025?

Nerdy reported revenue of $178.99M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was down 5.9% from $190.23M a year earlier.

Is Nerdy profitable?

No. Nerdy reported a net loss of $39.92M in fiscal 2025. In fiscal 2024 it lost $42.59M.

What is Nerdy's operating margin?

Nerdy's operating income was −$61.86M on revenue of $178.99M in fiscal 2025, an operating margin of -34.6%, compared with -36.9% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition