NRDY · XBRL financial data

Nerdy financial statements, every fiscal year

The same tables from 6 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 years (NRDY's year ends in late December)

In thousands of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue from contracts with customers	103,968	140,664	162,665	193,399	190,231	178,988
Cost of goods and services sold	34,834	46,700	49,732	56,952	61,837	75,208
Gross profit	69,134	93,964	112,933	136,447	128,394	103,780
General and administrative	43,231	121,968	129,559	125,570	126,879	105,521
Operating income (loss)	(33,323)	(96,454)	(90,809)	(57,571)	(70,108)	(61,864)
Interest income	6	—	—	—	—	—
Interest expense	4,904	3,791	—	—	—	—
Other income (expense)	(1,901)	(8,552)	(183)	19	(23)	2
Income tax expense (benefit)	0	40	19	109	115	159
Net income (loss)	0	(3,779)	(35,399)	(40,174)	(42,585)	(39,920)
Earnings per share, basic USD per share	0.00	(0.05)	(0.41)	(0.41)	(0.38)	(0.33)
Earnings per share, diluted USD per share	0.00	(0.05)	(0.41)	(0.41)	(0.38)	(0.33)
Weighted average shares, basic thousands of shares	0	79,236	85,873	97,157	111,695	120,830
Weighted average shares, diluted thousands of shares	0	79,236	85,873	97,157	111,695	120,830

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

In thousands of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	29,265	143,964	90,715	74,824	52,541	47,895
Accounts receivable	475	5,321	11,596	15,398	7,335	5,639
Total current assets	812	155,450	107,656	95,037	64,714	58,174
Property and equipment, net	10,297	10,718	12,504	16,388	17,148	8,683
Right-of-use asset	—	—	2,925	3,612	2,498	1,699
Goodwill	5,717	5,717	5,717	5,717	5,717	5,717
Total assets	450,818	177,145	132,692	124,744	92,507	76,166
Accounts payable	4,446	3,590	3,199	3,443	2,555	3,376
Accrued liabilities	534	—	—	—	—	—
Current portion of long-term debt	6,535	0	—	—	—	—
Total current liabilities	60,071	41,909	37,331	35,605	28,327	25,625
Long-term debt	41,044	0	—	—	0	19,327
Lease liability, non-current	—	—	1,863	3,348	2,399	2,065
Total liabilities	75,821	81,340	51,642	39,138	31,394	47,233
Accumulated deficit	(75,010)	(439,708)	(475,107)	(515,281)	(557,866)	(597,786)
Total stockholders' equity	(75,009)	50,663	46,928	52,477	39,479	19,009
Total liabilities and equity	450,818	177,145	132,692	124,744	92,507	76,166

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

In thousands of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	0	(3,779)	(35,399)	(40,174)	(42,585)	(39,920)
Stock-based compensation	1,730	54,417	47,244	44,269	41,089	27,807
Net cash from operating activities	(481)	(38,891)	(48,002)	(7,560)	(15,603)	(18,846)
Purchases of property and equipment	2,874	5,163	5,317	6,887	6,863	5,370
Net cash from investing activities	(450,000)	(5,163)	(5,317)	(6,887)	(6,863)	(5,370)
Net cash from financing activities	450,990	159,250	(1,000)	(1,940)	0	19,499
Net change in cash	509	115,197	(54,332)	(16,407)	(22,467)	(4,778)

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.