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Side-by-side financial comparison of Nerdy Inc. (NRDY) and RE/MAX Holdings, Inc. (RMAX). Click either name above to swap in a different company.
RE/MAX Holdings, Inc. is the larger business by last-quarter revenue ($71.1M vs $49.1M, roughly 1.4× Nerdy Inc.). RE/MAX Holdings, Inc. runs the higher net margin — 2.0% vs -18.8%, a 20.8% gap on every dollar of revenue. On growth, Nerdy Inc. posted the faster year-over-year revenue change (2.3% vs -1.8%). RE/MAX Holdings, Inc. produced more free cash flow last quarter ($33.5M vs $-4.3M). Over the past eight quarters, Nerdy Inc.'s revenue compounded faster (-4.4% CAGR vs -4.7%).
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.
RE/MAX is an international real estate franchise operating in over 100 countries and territories that, in 2015, had over 100,000 agents in 6,800 offices.
NRDY vs RMAX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $49.1M | $71.1M |
| Net Profit | $-9.2M | $1.4M |
| Gross Margin | 51.0% | — |
| Operating Margin | -28.3% | 13.1% |
| Net Margin | -18.8% | 2.0% |
| Revenue YoY | 2.3% | -1.8% |
| Net Profit YoY | 8.9% | -75.2% |
| EPS (diluted) | $-0.07 | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $49.1M | $71.1M | ||
| Q3 25 | $37.0M | $73.2M | ||
| Q2 25 | $45.3M | $72.8M | ||
| Q1 25 | $47.6M | $74.5M | ||
| Q4 24 | $48.0M | $72.5M | ||
| Q3 24 | $37.5M | $78.5M | ||
| Q2 24 | $51.0M | $78.5M | ||
| Q1 24 | $53.7M | $78.3M |
| Q4 25 | $-9.2M | $1.4M | ||
| Q3 25 | $-12.3M | $4.0M | ||
| Q2 25 | $-7.9M | $4.7M | ||
| Q1 25 | $-10.5M | $-2.0M | ||
| Q4 24 | $-10.1M | $5.8M | ||
| Q3 24 | $-15.9M | $966.0K | ||
| Q2 24 | $-9.1M | $3.7M | ||
| Q1 24 | $-7.4M | $-3.4M |
| Q4 25 | 51.0% | — | ||
| Q3 25 | 62.9% | — | ||
| Q2 25 | 61.5% | — | ||
| Q1 25 | 58.0% | — | ||
| Q4 24 | 66.6% | — | ||
| Q3 24 | 70.5% | — | ||
| Q2 24 | 65.7% | — | ||
| Q1 24 | 68.0% | — |
| Q4 25 | -28.3% | 13.1% | ||
| Q3 25 | -51.5% | 25.0% | ||
| Q2 25 | -27.1% | 19.3% | ||
| Q1 25 | -34.8% | 7.2% | ||
| Q4 24 | -34.0% | 5.9% | ||
| Q3 24 | -68.5% | 19.4% | ||
| Q2 24 | -29.9% | 20.6% | ||
| Q1 24 | -23.9% | 5.8% |
| Q4 25 | -18.8% | 2.0% | ||
| Q3 25 | -33.2% | 5.4% | ||
| Q2 25 | -17.4% | 6.4% | ||
| Q1 25 | -22.1% | -2.6% | ||
| Q4 24 | -21.1% | 8.0% | ||
| Q3 24 | -42.4% | 1.2% | ||
| Q2 24 | -17.8% | 4.7% | ||
| Q1 24 | -13.9% | -4.3% |
| Q4 25 | $-0.07 | — | ||
| Q3 25 | $-0.10 | — | ||
| Q2 25 | $-0.07 | — | ||
| Q1 25 | $-0.09 | — | ||
| Q4 24 | $-0.09 | — | ||
| Q3 24 | $-0.14 | — | ||
| Q2 24 | $-0.08 | — | ||
| Q1 24 | $-0.07 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $47.9M | $118.7M |
| Total DebtLower is stronger | — | $432.2M |
| Stockholders' EquityBook value | $19.0M | $452.4M |
| Total Assets | $76.2M | $582.5M |
| Debt / EquityLower = less leverage | — | 0.96× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $47.9M | $118.7M | ||
| Q3 25 | $32.7M | $107.5M | ||
| Q2 25 | $36.7M | $94.3M | ||
| Q1 25 | $44.9M | $89.1M | ||
| Q4 24 | $52.5M | $96.6M | ||
| Q3 24 | $65.0M | $83.8M | ||
| Q2 24 | $69.8M | $66.1M | ||
| Q1 24 | $77.0M | $82.1M |
| Q4 25 | — | $432.2M | ||
| Q3 25 | — | $433.3M | ||
| Q2 25 | — | $434.4M | ||
| Q1 25 | — | $435.3M | ||
| Q4 24 | — | $436.2M | ||
| Q3 24 | — | $437.2M | ||
| Q2 24 | — | $438.1M | ||
| Q1 24 | — | $439.0M |
| Q4 25 | $19.0M | $452.4M | ||
| Q3 25 | $24.3M | $448.1M | ||
| Q2 25 | $31.8M | $442.4M | ||
| Q1 25 | $34.4M | $433.5M | ||
| Q4 24 | $39.5M | $429.5M | ||
| Q3 24 | $43.3M | $423.1M | ||
| Q2 24 | $52.2M | $418.4M | ||
| Q1 24 | $52.8M | $412.0M |
| Q4 25 | $76.2M | $582.5M | ||
| Q3 25 | $70.4M | $582.2M | ||
| Q2 25 | $73.7M | $574.8M | ||
| Q1 25 | $83.0M | $571.4M | ||
| Q4 24 | $92.5M | $581.6M | ||
| Q3 24 | $106.8M | $578.6M | ||
| Q2 24 | $111.3M | $571.4M | ||
| Q1 24 | $121.3M | $566.7M |
| Q4 25 | — | 0.96× | ||
| Q3 25 | — | 0.97× | ||
| Q2 25 | — | 0.98× | ||
| Q1 25 | — | 1.00× | ||
| Q4 24 | — | 1.02× | ||
| Q3 24 | — | 1.03× | ||
| Q2 24 | — | 1.05× | ||
| Q1 24 | — | 1.07× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-2.9M | $40.9M |
| Free Cash FlowOCF − Capex | $-4.3M | $33.5M |
| FCF MarginFCF / Revenue | -8.7% | 47.1% |
| Capex IntensityCapex / Revenue | 2.7% | 10.4% |
| Cash ConversionOCF / Net Profit | — | 28.39× |
| TTM Free Cash FlowTrailing 4 quarters | $-24.2M | $56.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-2.9M | $40.9M | ||
| Q3 25 | $-2.4M | $17.7M | ||
| Q2 25 | $-7.0M | $4.6M | ||
| Q1 25 | $-6.4M | $5.7M | ||
| Q4 24 | $-11.3M | $59.7M | ||
| Q3 24 | $-3.1M | $17.6M | ||
| Q2 24 | $-5.6M | $15.9M | ||
| Q1 24 | $4.4M | $9.4M |
| Q4 25 | $-4.3M | $33.5M | ||
| Q3 25 | $-4.1M | $16.4M | ||
| Q2 25 | $-8.2M | $2.9M | ||
| Q1 25 | $-7.6M | $4.0M | ||
| Q4 24 | $-12.5M | $53.0M | ||
| Q3 24 | $-5.0M | $16.3M | ||
| Q2 24 | $-7.1M | $14.0M | ||
| Q1 24 | $2.1M | $6.8M |
| Q4 25 | -8.7% | 47.1% | ||
| Q3 25 | -11.2% | 22.4% | ||
| Q2 25 | -18.1% | 4.0% | ||
| Q1 25 | -16.0% | 5.3% | ||
| Q4 24 | -26.0% | 73.2% | ||
| Q3 24 | -13.3% | 20.8% | ||
| Q2 24 | -14.0% | 17.8% | ||
| Q1 24 | 4.0% | 8.6% |
| Q4 25 | 2.7% | 10.4% | ||
| Q3 25 | 4.6% | 1.8% | ||
| Q2 25 | 2.6% | 2.2% | ||
| Q1 25 | 2.5% | 2.3% | ||
| Q4 24 | 2.4% | 9.1% | ||
| Q3 24 | 5.2% | 1.7% | ||
| Q2 24 | 3.0% | 2.4% | ||
| Q1 24 | 4.1% | 3.3% |
| Q4 25 | — | 28.39× | ||
| Q3 25 | — | 4.45× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 10.28× | ||
| Q3 24 | — | 18.22× | ||
| Q2 24 | — | 4.29× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NRDY
Segment breakdown not available.
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
