See more : Azevedo & Travassos S.A. (AZEV3.SA) Income Statement Analysis – Financial Results
Complete financial analysis of Nerdy, Inc. (NRDY) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Nerdy, Inc., a leading company in the Software – Application industry within the Technology sector.
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Nerdy, Inc. (NRDY)
About Nerdy, Inc.
Nerdy, Inc. operates platform for live online learning. The company's purpose-built proprietary platform leverages technology, including AI, to connect learners of various ages to experts, delivering value on both sides of the network. Its learning destination provides learning experiences across various subjects and multiple formats, including one-on-one instruction, small group classes, large format group classes, and adaptive self-study. The company's flagship business, Varsity Tutors, operates platforms for live online tutoring and classes. Its solutions are available directly to learners, as well as through schools and other institutions. The company was founded in 2007 and is headquartered in Saint Louis, Missouri.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|
| Revenue | 193.40M | 162.67M | 140.66M | 103.97M | 90.45M | 72.04M |
| Cost of Revenue | 56.95M | 49.73M | 46.70M | 34.83M | 30.83M | 26.50M |
| Gross Profit | 136.45M | 112.93M | 93.96M | 69.13M | 59.62M | 45.54M |
| Gross Profit Ratio | 70.55% | 69.43% | 66.80% | 66.50% | 65.92% | 63.21% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 125.57M | 129.56M | 121.97M | 43.23M | 42.19M | 40.59M |
| Selling & Marketing | 68.45M | 74.18M | 65.44M | 43.84M | 37.97M | 30.49M |
| SG&A | 194.02M | 203.74M | 187.41M | 87.07M | 80.16M | 71.09M |
| Other Expenses | 0.00 | -183.00K | -8.55M | -1.82M | 199.00K | 329.00K |
| Operating Expenses | 194.02M | 203.74M | 187.41M | 87.07M | 80.16M | 71.09M |
| Cost & Expenses | 250.97M | 253.47M | 234.11M | 121.90M | 110.99M | 97.59M |
| Interest Income | 0.00 | 483.00K | 3.77M | 4.83M | 93.00 | 0.00 |
| Interest Expense | 0.00 | 483.00K | 3.79M | 4.90M | 2.10M | 157.00K |
| Depreciation & Amortization | 6.77M | 6.52M | 6.39M | 6.04M | 5.01M | 2.54M |
| EBITDA | -50.80M | -87.67M | -93.45M | -13.72M | -18.41M | -22.69M |
| EBITDA Ratio | -26.27% | -68.18% | -67.97% | -13.19% | -16.95% | -31.49% |
| Operating Income | -57.57M | -90.81M | -93.45M | -17.94M | -20.54M | -25.55M |
| Operating Income Ratio | -29.77% | -55.83% | -66.43% | -17.25% | -22.70% | -35.47% |
| Total Other Income/Expenses | -9.99M | 26.92M | 62.81M | -6.73M | -1.90M | 172.00K |
| Income Before Tax | -67.56M | -63.89M | -30.64M | -24.66M | -22.44M | -25.38M |
| Income Before Tax Ratio | -34.93% | -39.28% | -21.78% | -23.72% | -24.81% | -35.23% |
| Income Tax Expense | 109.00K | 19.00K | 40.00K | 3.08M | 2.30M | 486.00K |
| Net Income | -40.17M | -63.91M | -30.68M | -27.74M | -24.74M | -25.38M |
| Net Income Ratio | -20.77% | -39.29% | -21.81% | -26.68% | -27.35% | -35.23% |
| EPS | -0.41 | -0.74 | -0.39 | -0.51 | -0.83 | -0.30 |
| EPS Diluted | -0.41 | -0.74 | -0.39 | -0.51 | -0.83 | -0.30 |
| Weighted Avg Shares Out | 97.16M | 85.87M | 79.24M | 54.76M | 29.83M | 83.88M |
| Weighted Avg Shares Out (Dil) | 97.16M | 85.87M | 79.24M | 54.76M | 29.83M | 83.88M |
Nerdy Regains Compliance with NYSE Continued Listing Standard
ST. LOUIS--(BUSINESS WIRE)--Nerdy Inc. (NYSE: NRDY) today announced that it has regained compliance with the New York Stock Exchange ("NYSE") continued listing criteria for minimum share price under Section 802.01C of the NYSE Listed Company Manual. On December 2, 2024,...
Oak Hills Local School District Announces Partnership with Varsity Tutors for Schools to Provide Live and On-Demand Tutoring Resources for All Students
CINCINNATI--(BUSINESS WIRE)--Oak Hills Local School District (OHLSD) today announced an exciting partnership with Varsity Tutors for Schools, a Nerdy (NYSE: NRDY) company and the leading platform for live online tutoring, to provide all district students with access to the Varsity...
Nerdy Announces Receipt of Notice From NYSE
ST. LOUIS--(BUSINESS WIRE)--Nerdy Inc. (NYSE: NRDY) today announced that it received a notice from the New York Stock Exchange ("NYSE") on November 12, 2024 that it is not in compliance with the continued listing criteria under Section 802.01C of the...
Nerdy downgraded to Underweight from Neutral at JPMorgan
JPMorgan analyst Bryan Smilek downgraded Nerdy to Underweight from Neutral without a price target. The company reported Q3 revenue toward the high end of guidance but reduced its Q4 outlook by 23% across revenue at the midpoint and now expects...
Nerdy, Inc. (NRDY) Q3 2024 Earnings Call Transcript
Nerdy, Inc. (NYSE:NRDY ) Q3 2024 Results Conference Call November 7, 2024 5:00 PM ET Company Participants T.J. Lynn - Associate General Counsel Chuck Cohn - Founder, Chairman and Chief Executive Officer Jason Pello - Chief Financial Officer Conference Call...
Nerdy Inc. (NRDY) Reports Q3 Loss, Tops Revenue Estimates
Nerdy Inc. (NRDY) came out with a quarterly loss of $0.14 per share versus the Zacks Consensus Estimate of a loss of $0.23. This compares to loss of $0.13 per share a year ago.
Forest Charter School Announces Partnership with Varsity Tutors for Schools to Provide Live and On-Demand Tutoring Resources for All Students
NEVADA CITY, Calif.--(BUSINESS WIRE)--Forest Charter School today announced an exciting partnership with Varsity Tutors for Schools, a Nerdy (NYSE: NRDY) company and the leading platform for live online tutoring, to provide all students with access to the Varsity Tutors for...
Nerdy to Announce Third Quarter 2024 Results on November 7, 2024
ST. LOUIS--(BUSINESS WIRE)--Nerdy Inc. (NYSE: NRDY), a leading platform for delivering live online learning, today announced the company will release its third quarter financial results for the period ended September 30, 2024 after the U.S. stock market closes on Thursday,...
Harbor Science and Arts Charter School Announces Partnership with Varsity Tutors for Schools to Provide Live and On-Demand Tutoring Resources for All Students
NEW YORK--(BUSINESS WIRE)--Harbor Science and Arts Charter School today announced an exciting partnership with Varsity Tutors for Schools, a Nerdy (NYSE: NRDY) company and the leading platform for live online tutoring, to provide all district students with access to the...
McAlester Public Schools Announces Partnership With Varsity Tutors for Schools to Provide Live and On-Demand Tutoring Resources for All Students
MCALESTER, Okla.--(BUSINESS WIRE)--McAlester Public Schools today announced an exciting partnership with Varsity Tutors for Schools, a Nerdy (NYSE: NRDY) company and the leading platform for live online tutoring, to provide all district students with access to the Varsity Tutors for...
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