Security
Nerdy Inc. · NRDY
NRDYNYSECommon stockCurrentCIK 1819404Updated Oct 21, 2026
Name history
TPG Pace Tech Opportunities Corp. · through Sep 16, 2021
NRDY price & chart
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NYSE:NRDY on TradingView ↗About the company
Nerdy (NYSE: NRDY) operates a next-generation live tutoring and intervention platform that leverages the power of human expertise with advanced artificial intelligence (“AI”) to personalize learning, accelerate student achievement, and empower educators. Our mission is to transform the way people learn through technology. The Company’s purpose-built proprietary platform leverages technology, including AI, to connect learners of all ages to experts, delivering superior value on both sides of the network. Nerdy’s comprehensive learning destination provides learning experiences across thousands of subjects and multiple formats - including Learning Memberships, one-on-one instruction, small group tutoring, large format classes, and adaptive assessments. Nerdy’s flagship business, Varsity Tutors, is one of the nation’s largest platforms for live online tutoring and classes. Learn more about Nerdy at https://www.nerdy.com.
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Recent filings
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Items 5.02
Other Events
Items 8.01
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Items 5.02
Material Modification to Rights of Security Holders · Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year · Submission of Matters to a Vote of Security Holders · Other Events
Items 3.03, 5.03, 5.07, 8.01
10-Q filing
Show 5 more recent filings
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | Q1 2024 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||||
| AssetsUSD | 70,412,000Source | 106,759,000Source | 64,578,000Source | 73,689,000Source | 111,327,000Source | 72,967,000Source | 83,032,000Source | 121,349,000Source | 76,166,000Source | 92,507,000Source | 124,744,000Source | 132,692,000Source |
| Property, Plant and Equipment, NetUSD | 16,404,000Source | 17,498,000Source | 10,221,000Source | 16,306,000Source | 17,006,000Source | 9,387,000Source | 16,731,000Source | 16,761,000Source | 8,683,000Source | 17,148,000Source | 16,388,000Source | 12,504,000Source |
| GoodwillUSD | 5,717,000Source | 5,717,000Source | 5,717,000Source | 5,717,000Source | 5,717,000Source | 5,717,000Source | 5,717,000Source | 5,717,000Source | 5,717,000Source | 5,717,000Source | 5,717,000Source | 5,717,000Source |
| Current assets: | ||||||||||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 32,710,000Source | 65,002,000Source | 38,424,000Source | 36,722,000Source | 69,838,000Source | 44,698,000Source | 44,922,000Source | 76,960,000Source | 47,895,000Source | 52,541,000Source | 74,824,000Source | 90,715,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 6,496,000Source | 7,424,000Source | 4,319,000Source | 6,358,000Source | 7,245,000Source | 4,747,000Source | 6,351,000Source | 9,632,000Source | 5,639,000Source | 7,335,000Source | 15,398,000Source | 11,596,000Source |
| Assets, CurrentUSD | 44,490,000Source | 78,079,000Source | 46,356,000Source | 47,639,000Source | 82,386,000Source | 54,496,000Source | 56,064,000Source | 92,004,000Source | 58,174,000Source | 64,714,000Source | 95,037,000Source | 107,656,000Source |
| Operating Lease, Right-of-Use AssetUSD | — | — | — | — | — | — | — | — | 1,699,000Source | 2,498,000Source | 3,612,000Source | 2,925,000Source |
| Other Assets, NoncurrentUSD | 1,750,000Source | 2,789,000Source | 1,596,000Source | 1,795,000Source | 3,473,000Source | 1,648,000Source | 2,204,000Source | 3,973,000Source | 1,699,000Source | 2,498,000Source | 4,541,000Source | 3,241,000Source |
| LIABILITIES AND EQUITY | ||||||||||||
| LiabilitiesUSD | 33,355,000Source | 38,953,000Source | 38,638,000Source | 24,949,000Source | 28,777,000Source | 44,038,000Source | 30,160,000Source | 36,170,000Source | 47,233,000Source | 31,394,000Source | 39,138,000Source | 51,642,000Source |
| Stockholders’ equity: | ||||||||||||
| Additional Paid in CapitalUSD | 612,723,000Source | 590,962,000Source | 623,771,000Source | 607,974,000Source | 583,948,000Source | 621,102,000Source | 602,667,000Source | 575,495,000Source | 616,741,000Source | 597,308,000Source | 567,709,000Source | 522,031,000Source |
| Retained Earnings (Accumulated Deficit)USD | -588,546,000Source | -547,720,000Source | -606,514,000Source | -576,259,000Source | -531,820,000Source | -601,861,000Source | -568,362,000Source | -522,727,000Source | -597,786,000Source | -557,866,000Source | -515,281,000Source | -475,107,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 77,000Source | 68,000Source | 0Source | 94,000Source | 26,000Source | 36,000Source | 44,000Source | 25,000Source | 36,000Source | 19,000Source | 31,000Source | -12,000Source |
| Stockholders' Equity Attributable to ParentUSD | 24,272,000Source | 43,328,000Source | 17,276,000Source | 31,827,000Source | 52,172,000Source | 19,296,000Source | 34,367,000Source | 52,811,000Source | 19,009,000Source | 39,479,000Source | 52,477,000Source | 46,928,000Source |
| Liabilities and EquityUSD | 70,412,000Source | 106,759,000Source | 64,578,000Source | 73,689,000Source | 111,327,000Source | 72,967,000Source | 83,032,000Source | 121,349,000Source | 76,166,000Source | 92,507,000Source | 124,744,000Source | 132,692,000Source |
| Current liabilities: | ||||||||||||
| Liabilities, CurrentUSD | 31,016,000Source | 35,842,000Source | 17,178,000Source | 22,411,000Source | 25,697,000Source | 22,613,000Source | 27,377,000Source | 33,043,000Source | 25,625,000Source | 28,327,000Source | 35,605,000Source | 37,331,000Source |
| Operating Lease, Liability, CurrentUSD | — | — | — | — | — | — | — | — | 334,000Source | 928,000Source | 1,317,000Source | 1,528,000Source |
| Accounts Payable, CurrentUSD | 5,624,000Source | 5,808,000Source | 4,425,000Source | 3,836,000Source | 2,677,000Source | 4,725,000Source | 4,215,000Source | 4,620,000Source | 3,376,000Source | 2,555,000Source | 3,443,000Source | 3,199,000Source |
| Operating Lease, Liability, NoncurrentUSD | — | — | — | — | — | — | — | — | 2,065,000Source | 2,399,000Source | 3,348,000Source | 1,863,000Source |
| Other Liabilities, NoncurrentUSD | 2,339,000Source | 3,111,000Source | 1,882,000Source | 2,538,000Source | 3,080,000Source | 1,975,000Source | 2,783,000Source | 3,127,000Source | 2,281,000Source | 3,067,000Source | 3,533,000Source | 14,311,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 12,785,000Source | 24,478,000Source | 8,664,000Source | 16,913,000Source | 30,378,000Source | 9,633,000Source | 18,505,000Source | 32,368,000Source | 9,924,000Source | 21,634,000Source | 33,129,000Source | 34,122,000Source |
| Additional Financial Items | ||||||||||||
| Long-term Debt, Excluding Current MaturitiesUSD | — | — | 19,578,000Source | — | — | 19,450,000Source | — | — | 19,327,000Source | — | — | — |
cash flow · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | — | — | -18,756,000Source | -24,958,000Source | -6,856,000Source | -12,001,000Source | -6,128,000Source | -16,151,000Source | -60,948,000Source | -67,142,000Source | -67,669,000Source | -63,908,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Depreciation and amortization | — | — | — | — | — | — | —Source | —Source | —Source | —Source | —Source | —Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | — | — | — | — | — | 5,978,000Source | 7,588,000Source | 27,807,000Source | 41,089,000Source | 44,269,000Source | 47,244,000Source |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts ReceivableUSD | — | — | — | — | — | — | -893,000Source | -984,000Source | -1,696,000Source | -8,063,000Source | 3,802,000Source | 6,275,000Source |
| Increase (Decrease) in Accounts PayableUSD | — | — | — | — | — | — | 1,349,000Source | 1,632,000Source | 543,000Source | -170,000Source | -474,000Source | -391,000Source |
| Deferred Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | 0Source | 0Source | 0Source | 0Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | — | — | — | -1,780,000Source | -6,444,000Source | -18,846,000Source | -15,603,000Source | -7,560,000Source | -48,002,000Source |
| Cash flows from investing activities: | ||||||||||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | — | — | — | — | -1,182,000Source | -1,175,000Source | -5,370,000Source | -6,863,000Source | -6,887,000Source | -5,317,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | — | — | — | — | — | — | 1,182,000Source | 1,175,000Source | 5,370,000Source | 6,863,000Source | 6,887,000Source | 5,317,000Source |
| Cash flows from financing activities: | ||||||||||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | — | — | — | -250,000Source | 0Source | 19,499,000Source | 0Source | -1,940,000Source | -1,000,000Source |
| Proceeds from (Payments for) Other Financing ActivitiesUSD | — | — | — | — | — | — | — | — | — | 0Source | 0Source | -233,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | — | — | — | — | -3,197,000Source | -7,619,000Source | -4,778,000Source | -22,467,000Source | -16,407,000Source | -54,332,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | 32,710,000Source | 65,134,000Source | 38,424,000Source | 36,854,000Source | 44,698,000Source | 45,054,000Source | 47,895,000Source | 52,673,000Source | 75,140,000Source | 91,547,000Source |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | — | — | — | — | 537,000Source | 0Source | 167,000Source | — | 0Source | 0Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | — | — | — | — | 15,000Source | 0Source | -61,000Source | -1,000Source | -20,000Source | -13,000Source |
| Additional Financial Items | ||||||||||||
| Share-based Payment Arrangement, ExpenseUSD | — | — | — | — | — | — | — | — | 28,741,000Source | 42,669,000Source | 46,710,000Source | 49,646,000Source |
| Amortization of Debt Issuance CostsUSD | — | — | — | — | — | — | 123,000Source | 0Source | 78,000Source | — | — | 0Source |
| Amortization of Intangible AssetsUSD | — | — | 158,000Source | 155,000Source | 99,000Source | 158,000Source | 158,000Source | 152,000Source | 625,000Source | 614,000Source | 606,000Source | 602,000Source |
| Capitalized Computer Software, AmortizationUSD | — | — | 1,735,000Source | 1,562,000Source | 584,000Source | 1,706,000Source | 514,000Source | 1,661,000Source | 6,429,000Source | 6,058,000Source | 5,268,000Source | 4,865,000Source |
| DepreciationUSD | — | — | 134,000Source | 217,000Source | 176,000Source | 132,000Source | 143,000Source | 172,000Source | 575,000Source | 898,000Source | 898,000Source | 1,054,000Source |
| Gain (Loss) on Disposition of AssetsUSD | — | — | — | — | — | — | — | — | — | — | — | 0Source |
| Gain (Loss) on Extinguishment of DebtUSD | — | — | — | — | — | — | — | — | — | — | 0Source | 0Source |
| General and Administrative ExpenseUSD | — | — | 25,815,000Source | 31,862,000Source | 22,889,000Source | 26,572,000Source | 23,915,000Source | 28,411,000Source | 105,521,000Source | 126,879,000Source | 125,570,000Source | 129,559,000Source |
| GoodwillUSD | — | — | 5,717,000Source | 5,717,000Source | 5,717,000Source | 5,717,000Source | 5,717,000Source | 5,717,000Source | 5,717,000Source | 5,717,000Source | 5,717,000Source | 5,717,000Source |
| Goodwill and Intangible Asset ImpairmentUSD | — | — | — | — | — | — | — | — | — | — | 0Source | 0Source |
| Impairment of Intangible Assets, Finite-livedUSD | — | — | — | — | — | — | — | — | — | — | 0Source | 0Source |
| Income Tax Expense (Benefit)USD | — | — | 35,000Source | 29,000Source | 34,000Source | 74,000Source | 22,000Source | 28,000Source | 159,000Source | 115,000Source | 109,000Source | 19,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | -12,287,000Source | -15,900,000Source | -4,653,000Source | -7,897,000Source | -4,075,000Source | -10,496,000Source | -39,920,000Source | -42,585,000Source | -40,174,000Source | -35,399,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | — | -6,469,000Source | -9,058,000Source | -2,203,000Source | -4,104,000Source | -2,053,000Source | -5,655,000Source | -21,028,000Source | -24,557,000Source | -27,495,000Source | -28,509,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | -12,287,000Source | -15,900,000Source | -4,653,000Source | -7,897,000Source | -4,075,000Source | -10,496,000Source | -39,920,000Source | -42,585,000Source | -40,174,000Source | -35,399,000Source |
| Operating Lease, ExpenseUSD | — | — | — | — | — | — | — | — | — | — | — | 1,541,000Source |
| Other Nonoperating Income (Expense)USD | — | — | 4,000Source | 27,000Source | 1,000Source | -4,000Source | -16,000Source | 0Source | 2,000Source | -23,000Source | 19,000Source | -183,000Source |
| Unrealized Gain (Loss) on DerivativesUSD | — | — | — | 0Source | — | — | — | — | 0Source | 0Source | -13,385,000Source | 26,620,000Source |
| InterestExpenseNonoperating | — | — | — | — | —Source | —Source | —Source | —Source | — | — | — | — |
| Investment Income, Interest | — | — | — | — | —Source | —Source | —Source | —Source | — | — | — | — |
income statement · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total RevenueUSD | — | — | 37,019,000Source | 37,530,000Source | 43,231,000Source | 45,263,000Source | 48,735,000Source | 47,595,000Source | 178,988,000Source | 190,231,000Source | 193,399,000Source | 162,665,000Source |
| Cost of RevenueUSD | — | — | 13,723,000Source | 11,077,000Source | 15,247,000Source | 17,421,000Source | 16,461,000Source | 19,984,000Source | 75,208,000Source | 61,837,000Source | 56,952,000Source | 49,732,000Source |
| Operating Income (Loss)USD | — | — | -19,082,000Source | -25,724,000Source | -6,476,000Source | -12,288,000Source | -5,798,000Source | -16,585,000Source | -61,864,000Source | -70,108,000Source | -57,571,000Source | -90,809,000Source |
| Other Nonoperating Income (Expense)USD | — | — | 4,000Source | 27,000Source | 1,000Source | -4,000Source | -16,000Source | 0Source | 2,000Source | -23,000Source | 19,000Source | -183,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | — | — | -18,721,000Source | -24,929,000Source | -6,822,000Source | -11,927,000Source | -6,106,000Source | -16,123,000Source | -60,789,000Source | -67,027,000Source | -67,560,000Source | -63,889,000Source |
| Income Tax Expense (Benefit)USD | — | — | 35,000Source | 29,000Source | 34,000Source | 74,000Source | 22,000Source | 28,000Source | 159,000Source | 115,000Source | 109,000Source | 19,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | — | -6,469,000Source | -9,058,000Source | -2,203,000Source | -4,104,000Source | -2,053,000Source | -5,655,000Source | -21,028,000Source | -24,557,000Source | -27,495,000Source | -28,509,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | -12,287,000Source | -15,900,000Source | -4,653,000Source | -7,897,000Source | -4,075,000Source | -10,496,000Source | -39,920,000Source | -42,585,000Source | -40,174,000Source | -35,399,000Source |
| Earnings Per Share, BasicUSD per share | — | — | -0.1Source | -0.14Source | -0.04Source | -0.07Source | -0.03Source | -0.09Source | -0.33Source | -0.38Source | -0.41Source | -0.41Source |
| Earnings Per Share, DilutedUSD per share | — | — | -0.1Source | -0.14Source | -0.04Source | -0.07Source | -0.03Source | -0.09Source | -0.33Source | -0.38Source | -0.41Source | -0.41Source |
| Weighted Average Number of Shares Outstanding, Basicshares | — | — | 121,666,000Source | 113,287,000Source | 126,382,000Source | 120,151,000Source | 124,295,000Source | 118,456,000Source | 120,830,000Source | 111,695,000Source | 97,157,000Source | 85,873,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | — | 121,666,000Source | 113,287,000Source | 126,382,000Source | 120,151,000Source | 124,295,000Source | 118,456,000Source | 120,830,000Source | 111,695,000Source | 97,157,000Source | 85,873,000Source |
| Additional Financial Items | ||||||||||||
| Amortization of Intangible AssetsUSD | — | — | 158,000Source | 155,000Source | 99,000Source | 158,000Source | 158,000Source | 152,000Source | 625,000Source | 614,000Source | 606,000Source | 602,000Source |
| Capitalized Computer Software, AmortizationUSD | — | — | 1,735,000Source | 1,562,000Source | 584,000Source | 1,706,000Source | 514,000Source | 1,661,000Source | 6,429,000Source | 6,058,000Source | 5,268,000Source | 4,865,000Source |
| Current Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | 159,000Source | 115,000Source | 109,000Source | 19,000Source |
| General and Administrative ExpenseUSD | — | — | 25,815,000Source | 31,862,000Source | 22,889,000Source | 26,572,000Source | 23,915,000Source | 28,411,000Source | 105,521,000Source | 126,879,000Source | 125,570,000Source | 129,559,000Source |
| Gross ProfitUSD | — | — | 23,296,000Source | 26,453,000Source | 27,984,000Source | 27,842,000Source | 32,274,000Source | 27,611,000Source | 103,780,000Source | 128,394,000Source | 136,447,000Source | 112,933,000Source |
| Interest Income (Expense), NetUSD | — | — | — | — | — | — | — | — | — | — | 3,377,000Source | 483,000Source |
| Interest Income (Expense), Nonoperating, NetUSD | — | — | 357,000Source | 768,000Source | — | 365,000Source | — | 462,000Source | 1,073,000Source | 3,104,000Source | — | — |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | -12,287,000Source | -15,900,000Source | -4,653,000Source | -7,897,000Source | -4,075,000Source | -10,496,000Source | -39,920,000Source | -42,585,000Source | -40,174,000Source | -35,399,000Source |
| Operating Lease, ExpenseUSD | — | — | — | — | — | — | — | — | — | — | — | 1,541,000Source |
| Selling and Marketing ExpenseUSD | — | — | 16,563,000Source | 20,315,000Source | 11,571,000Source | 13,558,000Source | 14,157,000Source | 15,785,000Source | 60,123,000Source | 71,623,000Source | 68,448,000Source | 74,183,000Source |
| Undistributed Earnings (Loss) Allocated to Participating Securities, BasicUSD | — | — | — | 0Source | — | — | — | — | 0Source | 0Source | 0Source | 0Source |
| Interest Expense (non-operating) | — | — | — | — | —Source | —Source | —Source | —Source | — | — | — | — |
| Investment Income, Interest | — | — | — | — | —Source | —Source | —Source | —Source | — | — | — | — |
Filing attachments
d70247dex991.htm · 8-K · 2026-08-06
EX-99.1 2 d70247dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Q2 I 2026 Shareholder Letter The Learning Experience Q2 2026 EARNINGS RELEASE 0 2 ──────────────────────────────────── In this release 01 A Note to Our Shareholders 03 02 Second Quarter Financial Highlights 06 03 Second Quarter 2026 Key Results 07 04 Third Quarter and Full Year …
Read attachment ↗d70247dex992.htm · 8-K · 2026-08-06
EX-99.2 3 d70247dex992.htm EX-99.2 EX-99.2 Exhibit 99.2 Nerdy Announces Second Quarter 2026 Financial Results Nerdy delivers second quarter results in line with guidance, improving non-GAAP adjusted EBITDA margin by approximately 400 basis points year-over-year and narrowing the year-over-year decline in Active Members for a fourth consecutive quarter. St. Louis, August 6, 2026 - Nerdy Inc. (NYSE: NRDY) today announced financial results for the second quarter ended June 30, 2026. “Our s…
Read attachment ↗d326012dex991.htm · 8-K · 2026-05-07
EX-99.1 2 d326012dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 A Note to Our Shareholders Dear Shareholders, In the first quarter of 2026, we beat the top end of our revenue guidance, delivered our second consecutive quarter of positive non-GAAP adjusted EBITDA, and translated the AI-native foundation we finished building at the end of 2025 into shipped, learner-facing product at a cadence we have never matched in this company’s history. Revenue was $48.7 million, above the top end of our $4…
Read attachment ↗d326012dex992.htm · 8-K · 2026-05-07
EX-99.2 3 d326012dex992.htm EX-99.2 EX-99.2 Exhibit 99.2 Nerdy Announces First Quarter 2026 Financial Results Nerdy delivers revenue above guidance and achieves positive non-GAAP Adjusted EBITDA in Q1 2026, beating guidance on both metrics and driving over 1,500 basis points of margin improvement year-over-year. St. Louis, May 7, 2026 - Nerdy Inc. (NYSE: NRDY) today announced financial results for the first quarter ended March 31, 2026. “In the first quarter, we exceeded the top end of …
Read attachment ↗