Nerdy (NRDY) Balance Sheet: Assets & Liabilities

Nerdy (NRDY) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), Nerdy reported total assets of $76.17M and total liabilities of $47.23M. Shareholders' equity was $19.01M, down 68.9% from $61.11M a year earlier. Total debt stood at $19.33M against $47.90M in cash and short-term investments, a net cash position of $28.57M. That puts debt-to-equity at 1.02, compared with 0.02 a year earlier.

Nerdy Balance Sheet Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for Nerdy Inc. (NRDY) - 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
Current Assets
Cash and Cash Equivalents	47.90	52.54	74.82	90.72	143.96	29.27	25.04
Cash & Short-Term Investments	47.90	52.54	74.82	90.72	143.96	29.27	25.04
Accounts Receivable	5.64	7.34	15.40	11.60	5.32	0.48	0.76
Inventory	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Current Assets	4.64	4.84	4.82	1.64	6.17	0.57	2.31
Total Current Assets	58.17	64.71	95.04	107.66	155.45	31.56	28.11
Non-Current Assets
Property, Plant & Equipment (Net)	8.68	17.15	16.39	12.50	10.72	10.30	12.88
Long-Term Investments	0.00	0.00	0.00	0.00	0.83	0.00	0.00
Goodwill	5.72	5.72	5.72	5.72	5.72	5.72	5.72
Intangible Assets	1.89	2.43	3.06	3.57	4.43	8.53	9.48
Other Non-Current Assets	1.70	2.50	4.54	3.24	0.83	1.17	2.61
Total Non-Current Assets	17.99	27.79	29.71	25.04	21.70	25.71	30.68
Total Assets	76.17	92.51	124.74	132.69	177.15	57.27	58.79
Current Liabilities
Accounts Payable	3.38	2.56	3.44	3.20	3.59	4.45	2.27
Short-Term Debt	0.00	0.93	1.32	1.53	0.84	6.54	0.00
Current Portion of Long-Term Debt	-	-	-	-	-	6.54	-
Accrued Liabilities	1.75	5.03	6.22	2.51	4.55	2.47	-
Deferred Revenue	14.48	15.26	20.48	25.54	30.01	17.27	14.72
Other Current Liabilities	7.77	10.51	9.35	1.70	6.73	3.62	4.02
Total Current Liabilities	25.63	28.33	35.61	37.33	41.91	34.34	21.01
Non-Current Liabilities
Long-Term Debt	19.33	0.00	0.00	0.00	0.00	41.04	34.63
Other Non-Current Liabilities	2.28	3.07	3.53	14.31	39.43	1.55	159.54
Total Non-Current Liabilities	21.61	3.07	3.53	14.31	39.43	421.39	194.17
Total Liabilities	47.23	31.39	39.14	51.64	81.34	76.94	215.18
Stockholders' Equity
Common Stock	0.02	0.02	0.02	0.02	0.02	0.09	0.09
Retained Earnings	-597.79	-557.87	-515.28	-475.11	-439.71	-412.38	-168.46
Accumulated Other Comprehensive Income	0.04	0.02	0.03	-0.01	0.14	0.30	0.18
Additional Paid-in Capital	616.74	597.31	567.71	522.03	490.22	6.83	5.10
Minority Interest	9.92	21.63	33.13	34.12	45.14	0.00	0.00
Shares Outstanding	8.24	7.85	7.09	6.35	83.91	-	-
Total Stockholders' Equity	19.01	61.11	52.48	46.93	50.66	-19.67	-156.39
Total Liabilities & Equity	76.17	92.51	124.74	132.69	177.15	57.27	58.79

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

Frequently Asked Questions About Nerdy Balance Sheet

How much debt does Nerdy have?

Nerdy had total debt of $19.33M as of Dec 31, 2025, against $47.90M in cash and short-term investments. Its debt-to-equity ratio was 1.02. Total debt was $928.00K a year earlier.

What are Nerdy's total assets?

Nerdy reported total assets of $76.17M as of Dec 31, 2025, down 17.7% from $92.51M a year earlier. Total liabilities were $47.23M.

What is Nerdy's shareholders' equity?

Nerdy's shareholders' equity was $19.01M as of Dec 31, 2025, or about $2.31 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition