Nerdy Inc. (NRDY) FY2025 10-K Annual Report
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
- • 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
- • 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)
- • No segment financials provided; largest operational concern is evolving offerings including AI-native platform rebuild
- • 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
Nerdy Inc. FY2025 Key Financial MetricsXBRL
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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