See more : Navajo Wind Energy Corp. (CLBN) 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's (NRDY) Online Tuitions Open for Trinity Lutheran School
Nerdy's (NRDY) Varsity Tutors for Schools to enhance learning opportunities for Trinity Lutheran School students with on-demand resources and personalized tutoring support.
Trinity Lutheran School Announces Partnership with Varsity Tutors for Schools to Provide Live and On-Demand Learning Resources for All Students
CONKLIN, Mich. & ST. LOUIS--(BUSINESS WIRE)--Trinity Lutheran 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...
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Grayville Community School District 1 Announces Partnership with Varsity Tutors for Schools to Provide Live and On-Demand Learning Resources for All Students
GRAYVILLE, Ill. & ST. LOUIS--(BUSINESS WIRE)--Grayville Community School District 1 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...
Gateway Regional School District Announces Partnership with Varsity Tutors for Schools to Provide Live and On-Demand Learning Resources for All Students
WOODBURY HEIGHTS, N.J. & ST. LOUIS--(BUSINESS WIRE)--Gateway Regional School District 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...
Nerdy Announces First Quarter 2024 Financial Results
ST. LOUIS--(BUSINESS WIRE)--Nerdy Inc. (NYSE: NRDY) today announced financial results for the first quarter ended March 31, 2024. “In the first quarter, the convergence of subscription business models and access-based products across Consumer and Institutional is allowing us to simplify...
Birdville Independent School District Announces Partnership with Varsity Tutors for Schools to Provide Live and On-Demand Learning Resources for All Students
HALTOM, Texas & ST. LOUIS--(BUSINESS WIRE)--Birdville Independent School District 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...
Eagle Mountain-Saginaw Independent School District Selects Varsity Tutors for Schools to Provide Students with Additional Learning Resources
FORT WORTH, Texas & ST. LOUIS--(BUSINESS WIRE)--Eagle Mountain-Saginaw Independent School District today announced a 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...
Nerdy to Participate in Needham Conference
ST. LOUIS--(BUSINESS WIRE)--Nerdy Inc. (NYSE: NRDY), a leading platform for delivering live online learning, today announced that management will participate in a fireside chat at the Needham Technology, Media, & Consumer Conference on May 16, 2024 at 10:15 a.m. ET...
Franklin County School District Announces Partnership with Varsity Tutors for Schools to Provide Live and On-Demand Learning Resources for All Students
EASTPOINT, Fla. & ST. LOUIS--(BUSINESS WIRE)--Franklin County School District 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...
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