NRDYNYSEServices-Educational ServicesFiscal year ends December 31
Nerdy Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$6.05−0.12 (-1.94%)
Close on Oct 19, 2026
- Market cap
- $764.61M
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2018 to 2025
Gross margin
58.0%−8.5 pts over 5 years
Operating margin
-34.6%−17.3 pts over 5 years
Net margin
-22.3%−22.3 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -5.9% | +3.2% | +11.5% | – | |
| Gross profit | -19.2% | -2.8% | +8.5% | – |
Returns and balance sheet
8 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2018 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 0.0% | -136.5% | |
| Return on assets | – | 0.0% | -47.3% | |
| Current ratio | – | 0.92 | 2.27 | |
| Debt to equity | – | -0.12 | 1.02 | |
| Interest coverage | – | -3.7× | – | |
| Capex to revenue | – | 2.8% | 3.0% | |
| Diluted shares | – | 0M | 121M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Nerdy generated $128.90M from operations and spent $29.60M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$128.90M
Used
$29.60M
Capital expenditure$29.60M100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-22.3%
×Asset turnover2.12×
×Equity multiplier2.88×
=Return on equity, FY2025-136.5%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -22.3% | 2.12× | 2.88× | -136.5% |
| FY2024 | -22.4% | 1.75× | 2.36× | -92.6% |
| FY2023 | -20.8% | 1.50× | 2.59× | -80.8% |
| FY2022 | -21.8% | 1.05× | 3.17× | -72.5% |
| FY2021 | -2.7% | 1.20× | -0.67× | 2.2% |
| FY2020 | 0.0% | 3.63× | -0.14× | 0.0% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
2of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero-$39.92M
- Cash generatingOperating cash flow above zero-$18.85M
- Return on assets improvedROA up on the prior year-34.1% → -43.2%
- Earnings backed by cashOperating cash flow above net income-$18.85M vs -$39.92M
- Less leverageLong-term debt to assets fell0.0% → 25.4%
- Better liquidityCurrent ratio rose2.28 → 2.27
- No dilutionShare count did not rise112M → 121M
- Gross margin improvedGross margin up on the prior year67.49% → 57.98%
- More efficientAsset turnover rose1.52 → 1.93