Nerdy Inc. (NRDY)

NYSE: NRDY · Services-Educational Services · St. Louis, MO · filing with the SEC since 2020

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Grade3.6

◀ Past 2.7● Present 3.8▶ Future 4.2

1 est.

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

The grade of Nerdy Inc.

Nine metrics read from its own filings, by tense

Headline grade

3.6/10

◀ Past2.730% of the headline

● Present3.840% of the headline

▶ Future4.230% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

2.7/1030% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed

0.5/10

Has it survived what it has been through?

5 warning events since 2020; the latest 2026-03-06.

weight 33% of this tense · 5th percentile among 42 sector filers · read for itself

From the record

Nerdy Inc.'s filings since 2020 show 5 warning events of 3 kinds: a notice about its exchange listing (8-K item 3.01, 3 times, the latest 2026-03-06); a warning not to rely on past financial statements (8-K item 4.02, the latest 2021-05-07); an auditor change (8-K item 4.01, the latest 2021-09-24) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed

4.3/10

What has it actually done, year after year?

+12% a year over 7 filed years; profitable in 0 of 7.

weight 45% of this tense · 43rd percentile among 39 sector filers · read for its customers

From the record

Nerdy Inc.'s 7 filed years say what it did: revenue went from $90 million in fiscal 2019 to $179 million in fiscal 2025, up 12% a year; it rose in 4 of 6 years; the deepest fall was 7% from fiscal 2023 to fiscal 2025; net income was positive in 0 of 7 of those years (its annual reports).

What it rests on

revenue growth over the filed span12.0%top 47% of its family
the share of years revenue rosebottom 41% of its family
the share of filed years with a profitbottom 5% of its family
the deepest fall from a revenue peak7.5%top 27% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate

2.9/10

How has it treated the people who own it?

SI estimate 2.9/10, confidence 35 of 100 (one part).

weight 22% of this tense · 29th percentile among 41 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: Read from one part only, the share count over the years, which ranks in the bottom 29% of 41 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read: Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned: one part: the share count over the years, the one part on file, ranked among 41 in its family.
Confidence: 35 of 100
What would change it: A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Nerdy Inc.'s shareholder treatment is put at 2.9 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the bottom 29% of 41 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

3.8/1040% of the headline grade · 3 of 3 filed

Financial health

as filed

4.0/10

Is it financially healthy right now?

ROE -210%: lost 210¢ per shareholder dollar. Leverage 75%: owes 75¢ per asset dollar.

weight 33% of this tense · 40th percentile among 42 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Nerdy Inc. lost about 210 cents for every dollar of shareholders' money, and gross profitability: its products earned about 136 cents per dollar of everything the company owns. Leverage: it owed about 75 cents per dollar of assets, and net share issuance: its share count grew 8.2% over the year (the filed statements).

What it rests on

what it owes per dollar of assetsbottom 20% of its family
return on equitybottom 6% of its family
gross profit against assetstop 1% of its family
the share count against the year beforebottom 34% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed

3.9/10

How strong is its position in its industry?

bottom 39% of 41 in its family; net margin -22.3%.

weight 45% of this tense · 39th percentile among 41 sector filers · read for its customers

From the record

Nerdy Inc.'s standing among 41 graded names in its industry family: revenue of $179 million in fiscal 2025 ranks in the bottom 48% by size; a net margin of -22.3% ranks in the bottom 28%; revenue growth of 3.2% a year over the last 3 filed years ranks in the bottom 41% (its annual reports).

What it rests on

revenue against the family$179Mbottom 48% of its family
net margin-22.3%bottom 28% of its family
three-year revenue growth3.2%bottom 41% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed

3.3/10

What are the people in charge doing?

bottom 32% of 13 in its family for leadership; chief executive since 2021.

weight 22% of this tense · 32nd percentile among 13 sector filers · read for its shareholders

From the record

Nerdy Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Cohn, Charles K. (Chief Executive Officer, as filed), filing under that title since 2021-09-30, 5.1 years (bottom 35% of its family); the 11 officers and directors filing in the last fifteen months have been on the record a median of 5.1 years (bottom 35%); 6 officer or director changes were reported on Form 8-K since 2023-11-13, against the 11 people in charge now (bottom 28%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

officer and director changes on Form 8-K, against the people in charge6 in three years among 11 peoplebottom 28% of its family
the median years the people in charge have filed5.1 yearsbottom 35% of its family
the chief executive's years on the record5.1 yearsbottom 35% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

4.2/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed

6.2/10

How much room does it have to grow?

top 38% of 41 in its family for room to expand.

weight 22% of this tense · 62nd percentile among 41 sector filers · read for itself

From the record

Nerdy Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $48 million against debt of $19 million leaves 37.5% of its assets as net cash, top 15% of its family; cash from operations less capital spending is -13.5% of revenue (bottom 26%); a gross margin of 58% (top 25%) (its annual report).

What it rests on

cash less debt against assets37.5%top 15% of its family
cash from operations less capital spending against revenue-13.5%bottom 26% of its family
gross margin58.0%top 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed

4.2/10

What could actually drive growth from here?

bottom 42% of 39 in its family for growth drivers.

weight 45% of this tense · 42nd percentile among 39 sector filers · read for its customers

From the record

Nerdy Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 3.2% a year over the last three filed years against 12% over all 7, slowing (bottom 42% of its family); the newest year grew -5.9% (bottom 27%); capital spending grew 0.3% a year (top 43%) (its annual reports). Nerdy Inc. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

three-year growth against the whole span-8.8 points a yearbottom 42% of its family
the newest year's revenue growth-5.9%bottom 27% of its family
three-year growth of capital spending0.3%top 43% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed

2.9/10

Did its newest year beat what its own record pointed to?

bottom 29% of 36 in its family for expectations against reality.

weight 33% of this tense · 29th percentile among 36 sector filers · read for its shareholders

From the record

Nerdy Inc.'s newest year against its own record: revenue of $179 million in fiscal 2025 came in 13% below the $206 million its prior three years' pace pointed to (bottom 24% of its family); net income of $40 million against a prior three-year average of $39 million (bottom 29%); a net margin of -22.3% against -21.6% before (bottom 35%) (its annual reports).

What it rests on

revenue against the prior three years' pace-13.0%bottom 24% of its family
net income against the prior three years' average-1%bottom 29% of its family
net margin against its prior average-0.7 pointsbottom 35% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton NRDY · research, not advice