$NRDY
Nerdy Inc.

2024 Q3 Form 10-Q Financial Statement

#000181940424000054 Filed on November 07, 2024

View on sec.gov

Income Statement

Concept 2024 Q3
Revenue $37.53M
YoY Change -6.86%
Cost Of Revenue $11.08M
YoY Change -0.28%
Gross Profit $26.45M
YoY Change -9.37%
Gross Profit Margin 70.48%
Selling, General & Admin $52.18M
YoY Change -4.68%
% of Gross Profit 197.24%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $217.0K
YoY Change -0.91%
% of Gross Profit 0.82%
Operating Expenses $52.18M
YoY Change -4.68%
Operating Profit -$25.72M
YoY Change 0.67%
Interest Expense $768.0K
YoY Change -74.4%
% of Operating Profit
Other Income/Expense, Net $27.00K
YoY Change 440.0%
Pretax Income -$24.93M
YoY Change 20.99%
Income Tax $29.00K
% Of Pretax Income
Net Earnings -$15.90M
YoY Change 29.37%
Net Earnings / Revenue -42.37%
Basic Earnings Per Share -$0.14
Diluted Earnings Per Share -$0.14
COMMON SHARES
Basic Shares Outstanding 113.3M shares
Diluted Shares Outstanding 113.3M shares

Balance Sheet

Concept 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $65.00M
YoY Change -22.62%
Cash & Equivalents $65.00M
Short-Term Investments
Other Short-Term Assets $5.653M
YoY Change -3.53%
Inventory
Prepaid Expenses
Receivables $7.424M
Other Receivables $0.00
Total Short-Term Assets $78.08M
YoY Change -20.43%
LONG-TERM ASSETS
Property, Plant & Equipment $17.50M
YoY Change 28.15%
Goodwill $5.717M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $2.789M
YoY Change -7.89%
Total Long-Term Assets $28.68M
YoY Change 12.29%
TOTAL ASSETS
Total Short-Term Assets $78.08M
Total Long-Term Assets $28.68M
Total Assets $106.8M
YoY Change -13.67%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.808M
YoY Change -21.52%
Accrued Expenses
YoY Change
Deferred Revenue $15.69M
YoY Change -15.88%
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $35.84M
YoY Change -9.99%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities $3.111M
YoY Change 172.42%
Total Long-Term Liabilities $3.111M
YoY Change 172.42%
TOTAL LIABILITIES
Total Short-Term Liabilities $35.84M
Total Long-Term Liabilities $3.111M
Total Liabilities $38.95M
YoY Change -4.91%
SHAREHOLDERS EQUITY
Retained Earnings -$547.7M
YoY Change 7.47%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $43.33M
YoY Change
Total Liabilities & Shareholders Equity $106.8M
YoY Change -13.67%

Cashflow Statement

Concept 2024 Q3
OPERATING ACTIVITIES
Net Income -$15.90M
YoY Change 29.37%
Depreciation, Depletion And Amortization $217.0K
YoY Change -0.91%
Cash From Operating Activities -$3.053M
YoY Change -36.4%
INVESTING ACTIVITIES
Capital Expenditures $1.945M
YoY Change 4.01%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$1.945M
YoY Change 4.01%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000
YoY Change -100.0%
NET CHANGE
Cash From Operating Activities -3.053M
Cash From Investing Activities -1.945M
Cash From Financing Activities 0.000
Net Change In Cash -4.998M
YoY Change -30.97%
FREE CASH FLOW
Cash From Operating Activities -$3.053M
Capital Expenditures $1.945M
Free Cash Flow -$4.998M
YoY Change -25.07%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Document Period End Date
DocumentPeriodEndDate
2024-09-30
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
98-1499860
dei Entity Address State Or Province
EntityAddressStateOrProvince
MO
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
63105
dei City Area Code
CityAreaCode
314
dei Local Phone Number
LocalPhoneNumber
412-1227
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
138315000 usd
us-gaap Gross Profit
GrossProfit
97177000 usd
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
49652000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
94921000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-47396000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-11000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-58332000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
97000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-23910000 usd
us-gaap Profit Loss
ProfitLoss
-58429000 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
26000 usd
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-58403000 usd
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-23898000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-34505000 usd
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
646000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3923000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
84547000 usd
CY2024Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
67806000 usd
dei Entity Central Index Key
EntityCentralIndexKey
0001819404
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Amendment Flag
AmendmentFlag
false
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Entity Address Address Line1
EntityAddressAddressLine1
8001 Forsyth Blvd.
dei Security12b Title
Security12bTitle
Class A common stock, par value $0.0001 per share
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Entity Small Business
EntitySmallBusiness
false
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
true
dei Entity Ex Transition Period
EntityExTransitionPeriod
false
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
142241000 usd
CY2024Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
11077000 usd
CY2023Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
19233000 usd
CY2023Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
35508000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
97017000 usd
CY2024Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-25724000 usd
CY2023Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-25553000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-53806000 usd
CY2024Q3 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
0 usd
CY2024Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
27000 usd
CY2023Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
5000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-8000 usd
CY2024Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-24929000 usd
CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-20605000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-51281000 usd
CY2024Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
29000 usd
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
21000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
90000 usd
CY2024Q3 us-gaap Profit Loss
ProfitLoss
-24958000 usd
CY2023Q3 us-gaap Profit Loss
ProfitLoss
-20626000 usd
us-gaap Profit Loss
ProfitLoss
-51371000 usd
us-gaap Profit Loss
ProfitLoss
-58429000 usd
CY2024Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-9058000 usd
CY2023Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-8336000 usd
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
113287000 shares
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
113287000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
94453000 shares
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
58000 usd
CY2023Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-20665000 usd
CY2023Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-12314000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-32402000 usd
CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
65002000 usd
CY2023Q4 us-gaap Assets Current
AssetsCurrent
95037000 usd
CY2024Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
17498000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
16388000 usd
CY2024Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
2789000 usd
CY2023Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
4541000 usd
CY2024Q3 us-gaap Assets
Assets
106759000 usd
CY2023Q4 us-gaap Assets
Assets
124744000 usd
CY2024Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
5808000 usd
CY2023Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
3443000 usd
CY2024Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
15687000 usd
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
20480000 usd
CY2024Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
14347000 usd
CY2023Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
11682000 usd
CY2024Q3 us-gaap Liabilities Current
LiabilitiesCurrent
35842000 usd
CY2023Q4 us-gaap Liabilities Current
LiabilitiesCurrent
35605000 usd
CY2024Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
3111000 usd
CY2023Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
3533000 usd
CY2024Q3 us-gaap Liabilities
Liabilities
38953000 usd
CY2023Q4 us-gaap Liabilities
Liabilities
39138000 usd
CY2024Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
590962000 usd
CY2023Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
567709000 usd
CY2024Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-547720000 usd
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-515281000 usd
CY2024Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
68000 usd
CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
31000 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
52477000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
32238000 usd
nrdy Warrant And Earnout Transaction Expense
WarrantAndEarnoutTransactionExpense
0 usd
nrdy Warrant And Earnout Transaction Expense
WarrantAndEarnoutTransactionExpense
567000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-7974000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-3359000 usd
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
893000 usd
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-1598000 usd
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
2577000 usd
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-299000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-4288000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2515000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
5700000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-5700000 usd
nrdy Payments For Warrant And Earnout Transaction Costs
PaymentsForWarrantAndEarnoutTransactionCosts
0 usd
nrdy Payments For Warrant And Earnout Transaction Costs
PaymentsForWarrantAndEarnoutTransactionCosts
567000 usd
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.37
CY2023Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-39000 usd
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2024
dei Document Transition Report
DocumentTransitionReport
false
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
37530000 usd
dei Entity Registrant Name
EntityRegistrantName
NERDY INC.
dei Security Exchange Name
SecurityExchangeName
NYSE
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Shell Company
EntityShellCompany
false
CY2024Q3 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
768000 usd
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.29
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
97077000 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
97077000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
110267000 shares
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
43328000 usd
dei Entity Address Address Line2
EntityAddressAddressLine2
Suite 1050
dei Entity Address City Or Town
EntityAddressCityOrTown
St. Louis
dei Trading Symbol
TradingSymbol
NRDY
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
40296000 usd
CY2023Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
11108000 usd
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
45786000 usd
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
41138000 usd
CY2024Q3 us-gaap Gross Profit
GrossProfit
26453000 usd
CY2023Q3 us-gaap Gross Profit
GrossProfit
29188000 usd
us-gaap Gross Profit
GrossProfit
96455000 usd
CY2024Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
20315000 usd
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
53244000 usd
CY2024Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
31862000 usd
CY2023Q3 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
4099000 usd
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
0 usd
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-13385000 usd
CY2023Q3 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
844000 usd
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
2533000 usd
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
2460000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-18932000 usd
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
-15900000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
-12290000 usd
us-gaap Net Income Loss
NetIncomeLoss
-32439000 usd
us-gaap Net Income Loss
NetIncomeLoss
-34519000 usd
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.14
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.14
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.13
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.13
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.29
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.37
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
110267000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
94453000 shares
CY2024Q3 us-gaap Profit Loss
ProfitLoss
-24958000 usd
CY2023Q3 us-gaap Profit Loss
ProfitLoss
-20626000 usd
us-gaap Profit Loss
ProfitLoss
-51371000 usd
CY2024Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
66000 usd
CY2024Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-24892000 usd
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-51313000 usd
CY2024Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-9034000 usd
CY2023Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-8351000 usd
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-18911000 usd
CY2024Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-15858000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
74824000 usd
CY2024Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
7424000 usd
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
15398000 usd
CY2024Q3 us-gaap Other Assets Current
OtherAssetsCurrent
5653000 usd
CY2023Q4 us-gaap Other Assets Current
OtherAssetsCurrent
4815000 usd
CY2024Q3 us-gaap Assets Current
AssetsCurrent
78079000 usd
CY2024Q3 us-gaap Goodwill
Goodwill
5717000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
5717000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2676000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3061000 usd
CY2024Q3 us-gaap Minority Interest
MinorityInterest
24478000 usd
CY2023Q4 us-gaap Minority Interest
MinorityInterest
33129000 usd
CY2024Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
67806000 usd
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
85606000 usd
CY2024Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
106759000 usd
CY2023Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
124744000 usd
us-gaap Profit Loss
ProfitLoss
-51371000 usd
us-gaap Profit Loss
ProfitLoss
-58429000 usd
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
5137000 usd
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
4609000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
460000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
454000 usd
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
0 usd
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-13385000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
32802000 usd
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-28000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
3084000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
4195000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-4793000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-6890000 usd
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
5485000 usd
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-1434000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3923000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
0 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-567000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-18000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-10006000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-7000000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
75140000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
91547000 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
65134000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
0 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
22000 usd
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
82705000 usd
CY2024Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
67806000 usd
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
82705000 usd
CY2023Q3 nrdy Transaction Expenses
TransactionExpenses
1940000 usd
nrdy Transaction Expenses
TransactionExpenses
1940000 usd
nrdy Payments For Transaction Expenses
PaymentsForTransactionExpenses
567000 usd
CY2024Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
7424000 usd
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
15398000 usd
CY2024Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
15687000 usd
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
20480000 usd
CY2024Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
643000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
544000 usd
CY2024Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.0012
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.0018
CY2023Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.0010
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.0017
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
-15900000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
-12290000 usd
us-gaap Net Income Loss
NetIncomeLoss
-32439000 usd
us-gaap Net Income Loss
NetIncomeLoss
-34519000 usd
CY2024Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 usd
CY2023Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 usd
CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-15900000 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-12290000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-32439000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-34519000 usd
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
113287000 shares
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
113287000 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
97077000 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
97077000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
110267000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
110267000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
94453000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
94453000 shares
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.14
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.14
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.13
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.13
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.29
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.29
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.37
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.37
CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
65002000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
74824000 usd
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
84031000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
90715000 usd
CY2024Q3 us-gaap Restricted Cash Current
RestrictedCashCurrent
132000 usd
CY2023Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
184000 usd
CY2023Q3 us-gaap Restricted Cash Current
RestrictedCashCurrent
384000 usd
CY2022Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
516000 usd
CY2024Q3 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
0 usd
CY2023Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
132000 usd
CY2023Q3 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
132000 usd
CY2022Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
316000 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
65134000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
75140000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
84547000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
91547000 usd
CY2024Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
49739000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
43494000 usd
CY2024Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
32241000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
27106000 usd
CY2024Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
17498000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
16388000 usd
CY2024Q3 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
1562000 usd
CY2023Q3 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
1299000 usd
us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
4444000 usd
us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
3891000 usd
CY2024Q3 us-gaap Depreciation
Depreciation
217000 usd
CY2023Q3 us-gaap Depreciation
Depreciation
219000 usd
us-gaap Depreciation
Depreciation
693000 usd
us-gaap Depreciation
Depreciation
718000 usd
CY2024Q3 us-gaap Finite Lived Trade Names Gross
FiniteLivedTradeNamesGross
6298000 usd
CY2023Q4 us-gaap Finite Lived Trade Names Gross
FiniteLivedTradeNamesGross
6122000 usd
CY2024Q3 nrdy Finite Lived Trade Names Accumulated Amortization
FiniteLivedTradeNamesAccumulatedAmortization
3622000 usd
CY2023Q4 nrdy Finite Lived Trade Names Accumulated Amortization
FiniteLivedTradeNamesAccumulatedAmortization
3061000 usd
CY2024Q3 nrdy Finite Lived Trade Names Net
FiniteLivedTradeNamesNet
2676000 usd
CY2023Q4 nrdy Finite Lived Trade Names Net
FiniteLivedTradeNamesNet
3061000 usd
CY2024Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
155000 usd
CY2023Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
152000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
460000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
454000 usd
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

Files In Submission

Name View Source Status
0001819404-24-000054-index-headers.html Edgar Link pending
0001819404-24-000054-index.html Edgar Link pending
0001819404-24-000054.txt Edgar Link pending
0001819404-24-000054-xbrl.zip Edgar Link pending
ex311-nerdy9302024.htm Edgar Link pending
ex312-nerdy9302024.htm Edgar Link pending
ex321-nerdy9302024.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
nrdy-20240930.htm Edgar Link pending
nrdy-20240930.xsd Edgar Link pending
nrdy-20240930_g1.jpg Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
nrdy-20240930_cal.xml Edgar Link unprocessable
nrdy-20240930_def.xml Edgar Link unprocessable
nrdy-20240930_lab.xml Edgar Link unprocessable
nrdy-20240930_pre.xml Edgar Link unprocessable
nrdy-20240930_htm.xml Edgar Link completed
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending