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Nerdy Inc.（NRDY）与RE/MAX Holdings, Inc.（RMAX）财务数据对比。点击上方公司名可切换其他公司
RE/MAX Holdings, Inc.的季度营收约是Nerdy Inc.的1.4倍（$71.1M vs $49.1M），RE/MAX Holdings, Inc.净利率更高（2.0% vs -18.8%，领先20.8%），Nerdy Inc.同比增速更快（2.3% vs -1.8%），RE/MAX Holdings, Inc.自由现金流更多（$33.5M vs $-4.3M），过去两年Nerdy Inc.的营收复合增速更高（-4.4% vs -4.7%）
Nerdy Inc.是总部位于美国的知名教育科技企业，旗下运营Varsity Tutors等在线学习平台，提供一对一实时辅导、点播课程、备考资源及技能培训内容，服务K12学生、高校学习者及职场人士，覆盖多类学业与职业能力提升需求。
RE/MAX是全球知名的房地产特许经营机构，业务遍布全球一百多个国家和地区，旗下拥有数千家门店，总计超过十万名房产经纪人，在国际房产中介领域拥有极高的品牌知名度与市场影响力。
NRDY vs RMAX — 直观对比
营收规模更大
RMAX
是对方的1.4倍
$49.1M
营收增速更快
NRDY
高出4.2%
-1.8%
净利率更高
RMAX
高出20.8%
-18.8%
自由现金流更多
RMAX
多$37.8M
$-4.3M
两年增速更快
NRDY
近两年复合增速
-4.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $49.1M | $71.1M |
| 净利润 | $-9.2M | $1.4M |
| 毛利率 | 51.0% | — |
| 营业利润率 | -28.3% | 13.1% |
| 净利率 | -18.8% | 2.0% |
| 营收同比 | 2.3% | -1.8% |
| 净利润同比 | 8.9% | -75.2% |
| 每股收益（稀释后） | $-0.07 | — |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收NRDYRMAX
| 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 |
净利润NRDYRMAX
| 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 |
毛利率NRDYRMAX
| 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% | — |
营业利润率NRDYRMAX
| 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% |
净利率NRDYRMAX
| 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% |
每股收益（稀释后）NRDYRMAX
| 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 | — |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $47.9M | $118.7M |
| 总债务越低越好 | — | $432.2M |
| 股东权益账面价值 | $19.0M | $452.4M |
| 总资产 | $76.2M | $582.5M |
| 负债/权益比越低杠杆越低 | — | 0.96× |
8季度趋势，按日历期对齐
现金及短期投资NRDYRMAX
| 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 |
总债务NRDYRMAX
| 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 |
股东权益NRDYRMAX
| 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 |
总资产NRDYRMAX
| 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 |
负债/权益比NRDYRMAX
| 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× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $-2.9M | $40.9M |
| 自由现金流经营现金流 - 资本支出 | $-4.3M | $33.5M |
| 自由现金流率自由现金流/营收 | -8.7% | 47.1% |
| 资本支出强度资本支出/营收 | 2.7% | 10.4% |
| 现金转化率经营现金流/净利润 | — | 28.39× |
| 过去12个月自由现金流最近4个季度 | $-24.2M | $56.8M |
8季度趋势，按日历期对齐
经营现金流NRDYRMAX
| 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 |
自由现金流NRDYRMAX
| 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 |
自由现金流率NRDYRMAX
| 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% |
资本支出强度NRDYRMAX
| 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% |
现金转化率NRDYRMAX
| 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 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
NRDY
暂无分部数据
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
