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Nerdy Inc. (NRDY)

Nerdy Inc. brought in $174.3M of revenue over the twelve months to September 30, 2026, down 2.0% from a year earlier. It posted a net loss of $26.6M. In fiscal 2025 capital spending exceeded operating cash flow by $24.2M. At September 30, 2026 it held $42.5M in cash against $29.7M of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 9, 2026.

Free, no password. An email when NRDY files with the SEC.

Price
$5.80
-16.91% on the day · November 10, 2026
52-week range $5.37 to $22.35
Market cap
$1.1B
Revenue (last 12 months)
$174.3M
-2.0% year on year
Net margin
-15.2%

Key facts about Nerdy Inc.

Net worth
Nerdy Inc. has a market value (market cap) of $1.1B at the latest share price, and shareholders' equity of $10.1M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Revenue and profit
In fiscal 2025 revenue was $179M (-5.9% year on year), with a net loss of $39.9M. Over the 12 months to September 30, 2026: revenue $174.3M, net loss $26.6M.
Cash flow
In fiscal 2025 operations used $18.8M of cash.
Latest report
The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 9, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
Next earnings report
Nerdy Inc.'s next report is expected around February 25, 2027. That is an estimate from its filing rhythm, not a date the company has announced.

What Nerdy Inc. does

Nerdy Inc. is registered with the SEC under industry code SIC 8200 (Services-Educational Services). Its shares trade on NYSE under the ticker NRDY.

Revenue and profit by year

Revenue
FY20: $90.5M $90.5M FY20FY20: $104M $104M FY20FY21: $140.7M $140.7M FY21FY22: $162.7M $162.7M FY22FY23: $193.4M $193.4M FY23FY24: $190.2M $190.2M FY24FY25: $179M $179M FY25
Net income
FY20: $0 $0 FY20FY20: $0 $0 FY20FY21: -$3.8M -$3.8M FY21FY22: -$35.4M -$35.4M FY22FY23: -$40.2M -$40.2M FY23FY24: -$42.6M -$42.6M FY24FY25: -$39.9M -$39.9M FY25

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025$179M-$61.9M-$39.9M-$0.33-$24.2M
2024$190.2M-$70.1M-$42.6M-$0.38-$22.5M
2023$193.4M-$57.6M-$40.2M-$0.41-$14.4M
2022$162.7M-$90.8M-$35.4M-$0.41-$53.3M
2021$140.7M-$96.5M-$3.8M-$0.05-$44.1M
2020$104M-$17.9M$0$0.00-$9.5M

Earnings: every quarter and the next report date

Full financial statements: income, balance sheet and cash flow

Next report expected around February 25, 2027.

Estimated from its filing rhythm: 52 weeks after its report of February 26, 2026. Not a date the company has announced. See the report calendar · Earnings, quarter by quarter

Where NRDY ranks in Real estate

Revenue$179M
#137 of 232 in Real estate · Bottom 41%
Revenue growth-5.9%
#170 of 207 in Real estate · Bottom 18%
Net margin-22.3%
#185 of 210 in Real estate · Bottom 12%
Free cash flow margin-13.5%
#109 of 117 in Real estate · Bottom 7%

Latest fiscal year of every company in the sector with the figure reported. Revenue is ranked among companies reporting in US dollars; growth and margins among companies with at least 10 million of revenue. Real estate

Latest SEC filings

What Nerdy Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. November 9, 2026
    Quarterly report 10-Q · period to September 30, 2026Revenue fell 10% to $33.2M versus the same quarter last year; diluted EPS -$1.01 versus -$1.51.
  2. November 9, 2026
  3. September 8, 2026
  4. September 2, 2026
  5. August 21, 2026
  6. August 21, 2026
  7. August 14, 2026
  8. August 6, 2026
    Quarterly report 10-Q · period to June 30, 2026Revenue fell 4.5% to $43.2M versus the same quarter last year; diluted EPS -$0.04 versus -$0.07.
  9. August 6, 2026
  10. August 6, 2026

Recent insider filings (Forms 3, 4 and 144): 10, the latest on October 20, 2026. Insider transactions on SEC

Insider trades

What the people running Nerdy Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.

Insiders sold $49.8K worth of shares in the last 90 days and bought none on the open market.

Bought (open market)
$0
last 90 days
Sold
$49.8K
last 90 days
Net sold
7,426
$49.8K
DateInsiderWhatSharesPriceValueFiling
October 16, 2026 Swenson Christopher C.Chief Legal Officer Sold 3,330 $5.98 $19.9K Form 4
October 16, 2026 Bagga Atul Madan MohanChief Financial Officer Sold 2,355 $5.98 $14.1K Form 4
September 11, 2026 Swenson Christopher C.Chief Legal Officer Sold 1,741 $9.05 $15.8K Form 4
July 16, 2026 Swenson Christopher C.Chief Legal Officer Sold 22,707 $0.83 $18.8K Form 4
July 16, 2026 Callaway KyleChief Accounting Officer Sold 13,377 $0.83 $11.1K Form 4
July 16, 2026 Paszterko John AndrewChief Operating Officer Sold 31,034 $0.83 $25.8K Form 4
July 16, 2026 Bagga Atul Madan MohanChief Financial Officer Sold 36,426 $0.83 $30.2K Form 4
July 15, 2026 Swenson Christopher C.Chief Legal Officer Received as pay 600,000 - - Form 4

All insider filings on SEC.gov · Where insiders are buying across the market

Who owns NRDY

Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.

5% holders

Anyone who owns more than 5% of a class of shares must say so on Schedule 13D (if they may seek to influence the company) or 13G (a passive holder). The latest filing of each holder is shown: 13G filings of the last 2 years, 13D of the last 3.

HolderOf classSharesFiled
Charles Cohn13D, may seek influence with 1 related filers 48.7% 79,822,406 June 17, 2026
Technology Crossover Management VIII, Ltd.13D, may seek influence with 5 related filers 14.2% 1,372,420 August 21, 2026

Latest filings below 5%: Tpg GP A, LLC 0% (February 13, 2025); Divisar Capital Management LLC 0% (November 14, 2024); Greenvale Capital LLP 0% (November 14, 2024).

Largest institutional holders

Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 81 managers reported a position.

HolderSharesValueChange on quarter
Technology Crossover Management VIII, Ltd.3,949,791$3.6M0
Vanguard Capital Management LLC2,501,004$2.3M-40,561
Moneta Group Investment Advisors LLC1,029,701$943.3K+716,818
BlackRock, Inc.1,017,288$931.9K-3,261,272
Aqr Capital Management LLC878,617$804.9K+432,699
RBF Capital, LLC768,988$704.5Knew
Geode Capital Management, LLC766,178$702.5K-905,660
Jane Street Group, LLC503,931$461.7K+251,361
Millennium Management LLC499,158$457.3Knew
Goldman Sachs Group Inc497,888$456.1K+128,751
Vanguard Fiduciary Trust Co393,970$360.9K-50,163
State Street Corp364,101$333.6K-972,737
Bridgeway Capital Management, LLC187,700$172K0
Northern Trust Corp152,435$139.6K-349,989
Marshall Wace, Llp149,847$137.9Knew
Point72 Asset Management, L.P.148,679$136.2Knew
Ieq Capital, LLC138,361$126.8K+74,618
XTX Topco Ltd124,093$113.7K-90,418
Crewe Advisors LLC102,108$93.5K+52,108
Renaissance Technologies LLC93,000$85.2K+22,000

Insiders

Reported holdings of insiders who filed a Form 4 in the last 12 months: the shares each one held after their latest reported transaction. This is not the total held by all insiders.

7 insiders reported holding 6,665,504 shares in total, about $38.7M at the last price.

HolderSharesAs of
Pello Jason H.Chief Financial Officer 2,540,626 March 16, 2026
Paszterko John AndrewChief Operating Officer 1,718,721 July 16, 2026
Cohn Charles K.Chief Executive Officer, Director, 10% owner 978,311978,311 held indirectly June 15, 2026
Mrva GregoryDirector 685,991 November 14, 2025
Callaway KyleChief Accounting Officer 487,120 July 16, 2026
Swenson Christopher C.Chief Legal Officer 159,520 October 16, 2026
Bagga Atul Madan MohanChief Financial Officer 95,215 October 16, 2026

Schedule 13D/13G filings on SEC.gov

All filings on SEC EDGAR

Questions about NRDY

What does Nerdy Inc. do?

Nerdy Inc. is a company in the Real estate sector, listed on NYSE as NRDY. Its shares trade on NYSE under the ticker NRDY.

What is Nerdy Inc.'s net worth?

Nerdy Inc. has a market value (market cap) of $1.1B at the latest share price, and shareholders' equity of $10.1M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.

Is Nerdy Inc. profitable?

No. Over the twelve months to September 30, 2026 it reported a net loss of $26.6M on revenue of $174.3M.

How much revenue does Nerdy Inc. make?

Over the twelve months to September 30, 2026 Nerdy Inc. reported revenue of $174.3M. That is 2.0% less than a year earlier.

When did Nerdy Inc. last report?

Its most recent periodic report is the quarterly report (10-Q) filed on November 9, 2026. It covers the period to September 30, 2026.

When is Nerdy Inc.'s next earnings report?

Nerdy Inc.'s next report is expected around February 25, 2027. That is an estimate from its filing rhythm, not a date the company has announced.

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Where the numbers come from

Financial figures are the values Nerdy Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.