Nerdy Inc.NRDYEarnings & Financial Report
Nerdy Inc. is a leading U.S.-based edtech firm best known for operating the Varsity Tutors platform, offering live one-on-one tutoring, on-demand courses, test prep resources, and skill-building content. It serves K-12 students, higher ed learners, and working professionals across hundreds of academic and professional subject areas.
Revenue
$47.6M
Gross Profit
$27.6M
Operating Profit
$-16.6M
Net Profit
$-10.5M
Gross Margin
58.0%
Operating Margin
-34.8%
Net Margin
-22.1%
YoY Growth
-11.4%
EPS
$-0.09
Financial Flow
Nerdy Inc. Q1 2025 Financial Summary
Nerdy Inc. reported revenue of $47.6M (down 11.4% YoY) for Q1 2025, with a net profit of $-10.5M (down 41.0% YoY) (-22.1% margin). Cost of goods sold was $20.0M, operating expenses totaled $44.2M.
Key Financial Metrics
| Total Revenue | $47.6M |
|---|---|
| Net Profit | $-10.5M |
| Gross Margin | 58.0% |
| Operating Margin | -34.8% |
| Report Period | Q1 2025 |
Nerdy Inc. Annual Revenue by Year
Nerdy Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $179.0M).
| Year | Annual Revenue |
|---|---|
| 2025 | $179.0M |
| 2024 | $190.2M |
| 2023 | $193.4M |
| 2022 | $162.7M |
Nerdy Inc. Quarterly Revenue & Net Profit History
Nerdy Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 2025 | $49.1M | +2.3% | $-9.2M | -18.8% |
| Q3 2025 | $37.0M | -1.4% | $-12.3M | -33.2% |
| Q2 2025 | $45.3M | -11.2% | $-7.9M | -17.4% |
| Q1 2025 | $47.6M | -11.4% | $-10.5M | -22.1% |
| Q4 2024 | $48.0M | -12.9% | $-10.1M | -21.1% |
| Q3 2024 | $37.5M | -6.9% | $-15.9M | -42.4% |
| Q2 2024 | $51.0M | +4.4% | $-9.1M | -17.8% |
| Q1 2024 | $53.7M | +9.2% | $-7.4M | -13.9% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $53.7M | $51.0M | $37.5M | $48.0M | $47.6M | $45.3M | $37.0M | $49.1M |
| YoY Growth | 9.2% | 4.4% | -6.9% | -12.9% | -11.4% | -11.2% | -1.4% | 2.3% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $121.3M | $111.3M | $106.8M | $92.5M | $83.0M | $73.7M | $70.4M | $76.2M |
| Liabilities | $36.2M | $28.8M | $39.0M | $31.4M | $30.2M | $24.9M | $33.4M | $47.2M |
| Equity | $52.8M | $52.2M | $43.3M | $39.5M | $34.4M | $31.8M | $24.3M | $19.0M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $4.4M | $-5.6M | $-3.1M | $-11.3M | $-6.4M | $-7.0M | $-2.4M | $-2.9M |