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Side-by-side financial comparison of Nerdy Inc. (NRDY) and Repay Holdings Corp (RPAY). Click either name above to swap in a different company.
Repay Holdings Corp is the larger business by last-quarter revenue ($78.6M vs $49.1M, roughly 1.6× Nerdy Inc.). Nerdy Inc. runs the higher net margin — -18.8% vs -178.3%, a 159.5% gap on every dollar of revenue. On growth, Nerdy Inc. posted the faster year-over-year revenue change (2.3% vs 0.4%). Repay Holdings Corp produced more free cash flow last quarter ($23.2M vs $-4.3M). Over the past eight quarters, Repay Holdings Corp's revenue compounded faster (-1.3% CAGR vs -4.4%).
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.
Repay Holdings Corp is a leading payment technology provider delivering integrated end-to-end payment processing solutions for businesses across North America. Its offerings include credit/debit card processing, ACH transfer services, POS system integrations and digital payment tools, serving retail, healthcare, automotive and e-commerce segments to help clients streamline transaction workflows and boost operational efficiency.
NRDY vs RPAY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $49.1M | $78.6M |
| Net Profit | $-9.2M | $-140.1M |
| Gross Margin | 51.0% | 74.2% |
| Operating Margin | -28.3% | -182.2% |
| Net Margin | -18.8% | -178.3% |
| Revenue YoY | 2.3% | 0.4% |
| Net Profit YoY | 8.9% | -3304.1% |
| EPS (diluted) | $-0.07 | $-1.68 |
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 | $78.6M | ||
| Q3 25 | $37.0M | $77.7M | ||
| Q2 25 | $45.3M | $75.6M | ||
| Q1 25 | $47.6M | $77.3M | ||
| Q4 24 | $48.0M | $78.3M | ||
| Q3 24 | $37.5M | $79.1M | ||
| Q2 24 | $51.0M | $74.9M | ||
| Q1 24 | $53.7M | $80.7M |
| Q4 25 | $-9.2M | $-140.1M | ||
| Q3 25 | $-12.3M | $-6.4M | ||
| Q2 25 | $-7.9M | $-102.3M | ||
| Q1 25 | $-10.5M | $-7.9M | ||
| Q4 24 | $-10.1M | $-4.1M | ||
| Q3 24 | $-15.9M | $3.2M | ||
| Q2 24 | $-9.1M | $-4.1M | ||
| Q1 24 | $-7.4M | $-5.2M |
| Q4 25 | 51.0% | 74.2% | ||
| Q3 25 | 62.9% | 74.4% | ||
| Q2 25 | 61.5% | 75.7% | ||
| Q1 25 | 58.0% | 75.9% | ||
| Q4 24 | 66.6% | 76.3% | ||
| Q3 24 | 70.5% | 77.8% | ||
| Q2 24 | 65.7% | 78.2% | ||
| Q1 24 | 68.0% | 76.2% |
| Q4 25 | -28.3% | -182.2% | ||
| Q3 25 | -51.5% | -3.9% | ||
| Q2 25 | -27.1% | -138.7% | ||
| Q1 25 | -34.8% | -4.7% | ||
| Q4 24 | -34.0% | -1.5% | ||
| Q3 24 | -68.5% | -0.9% | ||
| Q2 24 | -29.9% | -4.6% | ||
| Q1 24 | -23.9% | -3.1% |
| Q4 25 | -18.8% | -178.3% | ||
| Q3 25 | -33.2% | -8.3% | ||
| Q2 25 | -17.4% | -135.2% | ||
| Q1 25 | -22.1% | -10.3% | ||
| Q4 24 | -21.1% | -5.3% | ||
| Q3 24 | -42.4% | 4.1% | ||
| Q2 24 | -17.8% | -5.4% | ||
| Q1 24 | -13.9% | -6.5% |
| Q4 25 | $-0.07 | $-1.68 | ||
| Q3 25 | $-0.10 | $-0.08 | ||
| Q2 25 | $-0.07 | $-1.15 | ||
| Q1 25 | $-0.09 | $-0.09 | ||
| Q4 24 | $-0.09 | $-0.04 | ||
| Q3 24 | $-0.14 | $0.03 | ||
| Q2 24 | $-0.08 | $-0.04 | ||
| Q1 24 | $-0.07 | $-0.06 |
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 | $115.7M |
| Total DebtLower is stronger | — | $280.1M |
| Stockholders' EquityBook value | $19.0M | $484.4M |
| Total Assets | $76.2M | $1.2B |
| Debt / EquityLower = less leverage | — | 0.58× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $47.9M | $115.7M | ||
| Q3 25 | $32.7M | $95.7M | ||
| Q2 25 | $36.7M | $162.6M | ||
| Q1 25 | $44.9M | $165.5M | ||
| Q4 24 | $52.5M | $189.5M | ||
| Q3 24 | $65.0M | $168.7M | ||
| Q2 24 | $69.8M | $147.1M | ||
| Q1 24 | $77.0M | $128.3M |
| Q4 25 | — | $280.1M | ||
| Q3 25 | — | $279.5M | ||
| Q2 25 | — | $279.0M | ||
| Q1 25 | — | $497.6M | ||
| Q4 24 | — | $496.8M | ||
| Q3 24 | — | $496.2M | ||
| Q2 24 | — | $435.6M | ||
| Q1 24 | — | $434.9M |
| Q4 25 | $19.0M | $484.4M | ||
| Q3 25 | $24.3M | $616.9M | ||
| Q2 25 | $31.8M | $633.7M | ||
| Q1 25 | $34.4M | $755.7M | ||
| Q4 24 | $39.5M | $761.3M | ||
| Q3 24 | $43.3M | $754.7M | ||
| Q2 24 | $52.2M | $815.4M | ||
| Q1 24 | $52.8M | $813.8M |
| Q4 25 | $76.2M | $1.2B | ||
| Q3 25 | $70.4M | $1.3B | ||
| Q2 25 | $73.7M | $1.4B | ||
| Q1 25 | $83.0M | $1.5B | ||
| Q4 24 | $92.5M | $1.6B | ||
| Q3 24 | $106.8M | $1.6B | ||
| Q2 24 | $111.3M | $1.5B | ||
| Q1 24 | $121.3M | $1.5B |
| Q4 25 | — | 0.58× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 0.44× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | — | 0.65× | ||
| Q3 24 | — | 0.66× | ||
| Q2 24 | — | 0.53× | ||
| Q1 24 | — | 0.53× |
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 | $23.3M |
| Free Cash FlowOCF − Capex | $-4.3M | $23.2M |
| FCF MarginFCF / Revenue | -8.7% | 29.6% |
| Capex IntensityCapex / Revenue | 2.7% | 0.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-24.2M | $90.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-2.9M | $23.3M | ||
| Q3 25 | $-2.4M | $32.2M | ||
| Q2 25 | $-7.0M | $33.1M | ||
| Q1 25 | $-6.4M | $2.5M | ||
| Q4 24 | $-11.3M | $34.3M | ||
| Q3 24 | $-3.1M | $60.1M | ||
| Q2 24 | $-5.6M | $31.0M | ||
| Q1 24 | $4.4M | $24.8M |
| Q4 25 | $-4.3M | $23.2M | ||
| Q3 25 | $-4.1M | $32.1M | ||
| Q2 25 | $-8.2M | $33.0M | ||
| Q1 25 | $-7.6M | $2.4M | ||
| Q4 24 | $-12.5M | $34.0M | ||
| Q3 24 | $-5.0M | $59.8M | ||
| Q2 24 | $-7.1M | $30.5M | ||
| Q1 24 | $2.1M | $24.7M |
| Q4 25 | -8.7% | 29.6% | ||
| Q3 25 | -11.2% | 41.3% | ||
| Q2 25 | -18.1% | 43.6% | ||
| Q1 25 | -16.0% | 3.0% | ||
| Q4 24 | -26.0% | 43.5% | ||
| Q3 24 | -13.3% | 75.6% | ||
| Q2 24 | -14.0% | 40.7% | ||
| Q1 24 | 4.0% | 30.6% |
| Q4 25 | 2.7% | 0.1% | ||
| Q3 25 | 4.6% | 0.2% | ||
| Q2 25 | 2.6% | 0.1% | ||
| Q1 25 | 2.5% | 0.2% | ||
| Q4 24 | 2.4% | 0.3% | ||
| Q3 24 | 5.2% | 0.3% | ||
| Q2 24 | 3.0% | 0.6% | ||
| Q1 24 | 4.1% | 0.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 18.52× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NRDY
Segment breakdown not available.
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
