Nerdy Inc. (NRDY) FY2025 10-K Annual Report

Filed: Feb 26, 2026
Consumer Discretionary
Services-Educational ServicesSEC EDGAR

Nerdy Inc. (NRDY) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 26, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

Nerdy Inc. FY2025 10-K Analysis

Business Overview

  • Core business: Online education platform connecting students with tutors and courses
  • No new products, services, or business segments introduced or emphasized this year
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Management Discussion & Analysis

  • No revenue or YoY change disclosed; focus on risks and operational challenges instead
  • Net losses $60.9M (2025) vs $67.1M (2024), negative operating cash flows $18.8M (2025) vs $15.6M (2024)
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Risk Factors

  • Regulatory risk: potential compliance impact from Children’s Online Privacy Protection Act (COPPA) given platform's large K-8 user base
  • Macroeconomic threat: seasonal revenue decline in U.S. summer period due to school closures and lower institutional spending
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Nerdy Inc. FY2025 Key Financial Metrics
XBRL

Revenue

$179M

-5.9% YoY

Net Income

-$40M

+6.3% YoY

Gross Margin

58.0%

-951bp YoY

Operating Margin

-34.6%

+229bp YoY

Net Margin

-22.3%

+8bp YoY

ROE

-210.0%

-10214bp YoY

Total Assets

$76M

-17.7% YoY

EPS (Diluted)

$-0.33

+13.2% YoY

Operating Cash Flow

-$19M

-20.8% YoY

Source: XBRL data from Nerdy Inc. FY2025 10-K filing on SEC EDGAR. All figures in USD.

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