Financial Snapshot

Revenue
$197.3M
TTM
Gross Margin
68.85%
TTM
Net Earnings
-$38.09M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
217.84%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$67.81M
Q3 2024
Cash
Q3 2024
P/E
-7.245
Nov 29, 2024 EST
Free Cash Flow
-$18.00M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018
Revenue $193.4M $162.7M $140.7M $104.0M $90.45M $72.00M
YoY Change 18.89% 15.64% 35.3% 14.94% 25.63%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018
Revenue $193.4M $162.7M $140.7M $104.0M $90.45M $72.00M
Cost Of Revenue $56.95M $49.73M $46.70M $34.83M $30.83M $26.50M
Gross Profit $136.4M $112.9M $93.96M $69.13M $59.62M $45.50M
Gross Profit Margin 70.55% 69.43% 66.8% 66.5% 65.92% 63.19%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018
Selling, General & Admin $194.0M $203.7M $187.4M $87.07M $80.16M $70.00M
YoY Change -4.77% 8.72% 115.24% 8.62% 14.51%
% of Gross Profit 142.19% 180.41% 199.45% 125.94% 134.45% 153.85%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $898.0K $1.054M $835.0K $917.0K $1.071M $2.540M
YoY Change -14.8% 26.23% -8.94% -14.38% -57.83%
% of Gross Profit 0.66% 0.93% 0.89% 1.33% 1.8% 5.58%
Operating Expenses $194.0M $203.7M $187.4M $87.07M $80.16M $71.10M
YoY Change -4.77% 8.72% 115.24% 8.62% 12.74%
Operating Profit -$57.57M -$90.81M -$96.45M -$17.94M -$20.54M -$25.60M
YoY Change -36.6% -5.85% 437.8% -12.67% -19.78%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018
Interest Expense -$10.01M $27.10M $3.791M $4.904M $2.101M -$200.0K
YoY Change -136.93% 614.93% -22.7% 133.41% -1150.5%
% of Operating Profit
Other Income/Expense, Net $19.00K -$183.0K -$8.552M -$1.824M $199.0K $300.0K
YoY Change -110.38% -97.86% 368.86% -1016.58% -33.67%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018
Pretax Income -$67.56M -$63.89M -$30.64M -$24.66M -$22.44M -$25.40M
YoY Change 5.75% 108.52% 24.23% 9.91% -11.66%
Income Tax $109.0K $19.00K $40.00K $0.00 $0.00
% Of Pretax Income
Net Earnings -$40.17M -$35.40M -$3.779M $0.00 $0.00 -$26.00M
YoY Change 13.49% 836.73% -100.0%
Net Earnings / Revenue -20.77% -21.76% -2.69% 0.0% 0.0% -36.11%
Basic Earnings Per Share -$0.41 -$0.41 -$0.05 $0.00 $0.00
Diluted Earnings Per Share -$0.41 -$0.41 -$0.05 $0.00 $0.00 -$0.30

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018
Cash & Short-Term Investments $74.82M $90.72M $144.0M $534.1K $25.00M
YoY Change -17.52% -36.99% 26854.5% -97.86%
Cash & Equivalents $74.82M $90.72M $144.0M $29.27M $25.00M
Short-Term Investments
Other Short-Term Assets $4.815M $5.345M $6.165M $277.9K $2.300M
YoY Change -9.92% -13.3% 2118.5% -87.92%
Inventory
Prepaid Expenses
Receivables $15.40M $11.60M $5.321M $475.0K $800.0K
Other Receivables $0.00 $0.00 $0.00 $0.00 $0.00
Total Short-Term Assets $95.04M $107.7M $155.5M $812.0K $28.10M
YoY Change -11.72% -30.75% 19044.32% -97.11%
Property, Plant & Equipment $20.00M $15.43M $10.72M $10.30M $12.90M
YoY Change 29.63% 43.95% 4.09% -20.18%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $450.0M
YoY Change
Other Assets $929.0K $316.0K $832.0K $1.165M $2.600M
YoY Change 193.99% -62.02% -28.58% -55.19%
Total Long-Term Assets $29.71M $25.04M $21.70M $450.0M $30.70M
YoY Change 18.66% 15.4% -95.18% 1365.82%
Total Assets $124.7M $132.7M $177.1M $450.8M $58.80M
YoY Change
Accounts Payable $3.443M $3.199M $3.590M $4.446M $2.300M
YoY Change 7.63% -10.89% -19.25% 93.3%
Accrued Expenses $9.611M $3.963M $3.847M $533.9K $900.0K
YoY Change 142.52% 3.02% 620.53% -40.68%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $6.535M $0.00
YoY Change -100.0%
Total Short-Term Liabilities $35.61M $37.33M $41.91M $60.07M $21.00M
YoY Change -4.62% -10.92% -30.23% 186.05%
Long-Term Debt $0.00 $0.00 $0.00 $0.00 $34.60M
YoY Change -100.0%
Other Long-Term Liabilities $3.533M $14.31M $39.43M $15.75M $0.00
YoY Change -75.31% -63.71% 150.36%
Total Long-Term Liabilities $3.533M $14.31M $39.43M $15.75M $34.60M
YoY Change -75.31% -63.71% 150.36% -54.48%
Total Liabilities $72.27M $85.76M $126.5M $75.82M $55.60M
YoY Change -15.74% -32.19% 66.82% 36.37%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018
Basic Shares Outstanding 97.16M shares 85.87M shares 79.24M shares 0.000 shares 0.000 shares
Diluted Shares Outstanding 97.16M shares 85.87M shares 79.24M shares 0.000 shares 0.000 shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $275.97 Million

About Nerdy Inc.

Nerdy, Inc. engages in the business of operating a platform for live online learning. The company is headquartered in St. Louis, Missouri and currently employs 500 full-time employees. The company went IPO on 2020-11-27. The Company’s platform leverages technology, including artificial intelligence (AI), to connect students, users, parents, guardians, and purchasers of all ages to tutors, instructors, subject matter experts, educators, and other professionals. Its comprehensive learning destination provides learning experiences across numerous subjects and multiple formats, including one-on-one instruction, small group tutoring, large format classes, tutor chat, essay review, adaptive assessments, and self-study tools. The Company’s flagship business, Varsity Tutors LLC (Varsity Tutors), is a platform for live online tutoring and classes. Its solutions are available directly to learners, as well as through education systems. Its offerings also include Varsity Tutors for Schools, a product suite that leverages its platform capabilities to offer high dosage tutoring and its online learning solutions to institutions.

Industry: Services-Educational Services Peers: 2U, LLC AMERICAN PUBLIC EDUCATION INC PERDOCEO EDUCATION Corp Coursera, Inc. Duolingo, Inc. LINCOLN EDUCATIONAL SERVICES CORP Strategic Education, Inc. UNIVERSAL TECHNICAL INSTITUTE INC