NRDY · XBRL financial data

Nerdy financial statements, every quarter

The same tables from 12 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal quarters (NRDY's year ends in late December)

In thousands of dollars	Q3 FY23Sep 30, 2023	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026
Revenue from contracts with customers	40,296	55,084*	53,727	50,984	37,530	47,990*	47,595	45,263	37,019	49,111*	48,735	43,231
Cost of goods and services sold	11,108	15,814*	17,212	17,497	11,077	16,051*	19,984	17,421	13,723	24,080*	16,461	15,247
Gross profit	29,188	39,270*	36,515	33,487	26,453	31,939*	27,611	27,842	23,296	25,031*	32,274	27,984
General and administrative	35,508	30,649*	31,976	33,179	31,862	29,862*	28,411	26,572	25,815	24,723*	23,915	22,889
Operating income (loss)	(25,553)	(10,175)*	(12,853)	(15,229)	(25,724)	(16,302)*	(16,585)	(12,288)	(19,082)	(13,909)*	(5,798)	(6,476)
Interest income	—	—	—	—	—	—	462	365	—	—	368	325
Interest expense	—	—	—	—	—	—	0	0	—	—	660	672
Other income (expense)	5	30*	(25)	(10)	27	(15)*	0	(4)	4	2*	(16)	1
Income tax expense (benefit)	21	12*	23	38	29	25*	28	74	35	22*	22	34
Net income (loss)	(12,290)	(5,655)*	(7,446)	(9,093)	(15,900)	(10,146)*	(10,496)	(7,897)	(12,287)	(9,240)*	(4,075)	(4,653)
Earnings per share, basic USD per share	(0.13)	(0.05)*	(0.07)	(0.08)	(0.14)	(0.09)*	(0.09)	(0.07)	(0.10)	(0.08)*	(0.03)	(0.04)
Earnings per share, diluted USD per share	(0.13)	(0.05)*	(0.07)	(0.08)	(0.14)	(0.09)*	(0.09)	(0.07)	(0.10)	(0.08)*	(0.03)	(0.04)
Weighted average shares, basic thousands of shares	97,077	105,181*	107,951	109,924	113,287	115,558*	118,456	120,151	121,666	122,988*	124,295	126,382
Weighted average shares, diluted thousands of shares	97,077	105,181*	107,951	109,924	113,287	115,558*	118,456	120,151	121,666	122,988*	124,295	126,382

Balance sheet

CSV

Fiscal quarters (NRDY's year ends in late December)

In thousands of dollars	Q3 FY23Sep 30, 2023	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026
Cash and cash equivalents	84,031	74,824	76,960	69,838	65,002	52,541	44,922	36,722	32,710	47,895	44,698	38,424
Accounts receivable	8,237	15,398	9,632	7,245	7,424	7,335	6,351	6,358	6,496	5,639	4,747	4,319
Total current assets	98,128	95,037	92,004	82,386	78,079	64,714	56,064	47,639	44,490	58,174	54,496	46,356
Property and equipment, net	13,654	16,388	16,761	17,006	17,498	17,148	16,731	16,306	16,404	8,683	9,387	10,221
Right-of-use asset	—	3,612	—	—	—	2,498	—	—	—	1,699	—	—
Goodwill	5,717	5,717	5,717	5,717	5,717	5,717	5,717	5,717	5,717	5,717	5,717	5,717
Total assets	123,668	124,744	121,349	111,327	106,759	92,507	83,032	73,689	70,412	76,166	72,967	64,578
Accounts payable	7,401	3,443	4,620	2,677	5,808	2,555	4,215	3,836	5,624	3,376	4,725	4,425
Total current liabilities	39,821	35,605	33,043	25,697	35,842	28,327	27,377	22,411	31,016	25,625	22,613	17,178
Long-term debt	—	—	—	—	—	0	—	—	—	19,327	19,450	19,578
Lease liability, non-current	—	3,348	—	—	—	2,399	—	—	—	2,065	—	—
Total liabilities	40,963	39,138	36,170	28,777	38,953	31,394	30,160	24,949	33,355	47,233	44,038	38,638
Accumulated deficit	(509,626)	(515,281)	(522,727)	(531,820)	(547,720)	(557,866)	(568,362)	(576,259)	(588,546)	(597,786)	(601,861)	(606,514)
Total stockholders' equity	50,285	52,477	52,811	52,172	43,328	39,479	34,367	31,827	24,272	19,009	19,296	17,276
Total liabilities and equity	123,668	124,744	121,349	111,327	106,759	92,507	83,032	73,689	70,412	76,166	72,967	64,578

Cash flows

CSV

Fiscal quarters (NRDY's year ends in late December)

In thousands of dollars	Q3 FY23Sep 30, 2023	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026
Net income (loss)	(12,290)	(5,655)*	(7,446)	(9,093)	(15,900)	(10,146)*	(10,496)	(7,897)	(12,287)	(9,240)*	(4,075)	(4,653)
Stock-based compensation	11,622*	11,467*	11,112	11,314*	9,812*	8,851*	7,588	7,538*	6,847*	5,834*	5,978	3,853*
Net cash from operating activities	(4,794)*	(5,045)*	4,353	(5,588)*	(3,053)*	(11,315)*	(6,444)	(7,045)*	(2,424)*	(2,933)*	(1,780)	(4,745)*
Purchases of property and equipment	1,874*	2,964*	2,221	1,534*	1,945*	1,163*	1,175	1,158*	1,718*	1,319*	1,182	1,532*
Net cash from investing activities	(1,874)*	(2,964)*	(2,221)	(1,534)*	(1,945)*	(1,163)*	(1,175)	(1,158)*	(1,718)*	(1,319)*	(1,182)	(1,532)*
Net cash from financing activities	(567)*	(1,373)*	0	0*	0*	0*	0	0*	0*	19,499*	(250)	0*
Net change in cash	(7,214)*	(9,407)*	2,136	(7,122)*	(5,020)*	(12,461)*	(7,619)	(8,200)*	(4,144)*	15,185*	(3,197)	(6,274)*

Compare with peers

SIC 8200 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 8200 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-K, the year less the first three quarters; for a 10-Q, the year-to-date total less the earlier one.

Company	Cash ($K)	Revenue, quarter ($K)	Operating cash flow, quarter ($K)	Shares outstanding	Runway	Quarter
Nerdy	38,424	43,231	(4,745)*	not reported	8.1 quarters	Q2 FY26 10-QJun 30, 2026
Legacy Education	22,731	20,102*	1,151*	12.8M	—	Q4 FY26 10-KJun 30, 2026
Chegg	28,847	46,468	7,215*	111.2M	—	Q3 FY26 10-QSep 30, 2026
BEST SPAC I Acquisition	1,113	(1,135,000)*	(71)*	not reported	15.6 quarters	Q2 FY26 10-QJun 30, 2026
Phoenix Education Partners	159,363	260,680*	79,643*	36.7M	—	Q4 FY26 10-KAug 31, 2026
American Public Education	146,548	171,731	12,137*	18.3M	—	Q2 FY26 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.