See more : Epiroc AB (publ) (EPOKY) 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 |
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Nerdy to Participate in Morgan Stanley 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 Morgan Stanley Technology, Media & Telecom Conference on March 6, 2024 at 7:20 p.m....
Nerdy to Participate in Citizens JMP Technology 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 Citizens JMP Technology Conference on March 5, 2024 at 3:00 p.m. ET / 12:00...
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Nerdy to Announce Fourth Quarter and Full Year 2023 Results on February 27, 2024
ST. LOUIS--(BUSINESS WIRE)--Nerdy Inc. (NYSE: NRDY), a leading platform for delivering live online learning, today announced the company will release its fourth quarter and full year financial results for the period ended December 31, 2023 after the U.S. stock market...
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Michigan Association of Intermediate School Advisors (MAISA) Selects Varsity Tutors for Schools as Vetted Approved Provider for the 23g MI Kids Back on Track Grant Program
ST. LOUIS--(BUSINESS WIRE)--The Michigan Association of Intermediate School Advisors (MAISA) on Friday announced Varsity Tutors for Schools, a Nerdy (NYSE: NRDY) company and the leading platform for high-impact live online tutoring, was selected as a vetted provider for school districts...
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