Short answer
Nerdy Inc. (NRDY) filed its fiscal 2025 10-K annual report with the SEC on Feb 26, 2026. It reported revenue of $179M (−5.9% year over year) and net income of −$40M.
- Top risk flagged: Regulatory risk: potential compliance impact from Children’s Online Privacy Protection Act (COPPA) given platform's large K-8 user base
FY2025 key financial metrics · XBRL
- Revenue
- $179M
- −5.9% YoY
- Net income
- −$40M
- +6.3% YoY
- Operating margin
- -34.6%
- +2.3 pp YoY
- Gross margin
- 58.0%
- −9.5 pp YoY
- EPS (diluted)
- −$0.33
- +13.2% YoY
- ROE
- -210.0%
- −102.1 pp YoY
- Operating cash flow
- −$19M
- −20.8% YoY
Source: XBRL data from the Nerdy Inc. (NRDY) FY2025 10-K on SEC EDGAR. USD.
Nerdy Inc. FY2025 10-K analysis
AI summary of each section, grounded in the filing text
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
- Maintained prior ethical standards with updated Code of Conduct posted on website
- Proxy Statement incorporates executive compensation, ownership, related transactions, and principal accountant fees disclosures
- Filing notably focused on governance and compliance, lacking operational or financial updates in Business section
Management Discussion & Analysis
- Net losses $60.9M (2025) vs $67.1M (2024), negative operating cash flows $18.8M (2025) vs $15.6M (2024)
- Negative operating cash flows; no mention of buybacks or dividends; expect increased investments and expenses
- Forward risks from evolving business model, uncertainty of product adoption, economic headwinds, labor classification laws
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
- Operational risk: strategic abandonment of legacy software platform and write-off impacting cost of revenue for fiscal 2025
- Competitive risk: exposure to disruption from AI-native edtech platforms advancing personalized tutoring capabilities
- Financial risk: cost recognition from abandonment write-off affecting 2025 operating results and future innovation expenses
Generated from the filing text; verify against the original. How to read a 10-K
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