See more : Taiga Motors Corporation (TAIG.TO) 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 |
Digital Ready Announces Partnership With Varsity Tutors for Schools to Provide Live and On-Demand Tutoring Resources for Students
BOSTON--(BUSINESS WIRE)--Digital Ready is pleased to announce an exciting partnership with Varsity Tutors for Schools, a Nerdy (NYSE: NRDY) company and the leading platform for live online tutoring, to provide students with access to their platform for free, so that...
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WAYNE, Okla.--(BUSINESS WIRE)--Mid-America Technology Center (MATC) 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...
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The Township of Union Public Schools Announces Partnership with Varsity Tutors for Schools to Provide Live and On-Demand Tutoring Resources for All Students
UNION, N.J.--(BUSINESS WIRE)--The Township of Union Public Schools today announced a 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...
Nerdy, Inc. (NRDY) Q2 2024 Earnings Call Transcript
Nerdy, Inc. (NYSE:NRDY ) Q2 2024 Earnings Call August 8, 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 Participants...
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