{ "ok": true, "cik": "1819404", "ticker": "NRDY", "name": "NERDY INC.", "filings": [ { "form": "8-K", "filed": "2026-09-08", "items": [ "5.02 Departure or Election of Directors; Appointment of Officers" ], "url": "https://www.sec.gov/Archives/edgar/data/1819404/000181940426000097/0001819404-26-000097-index.htm" }, { "form": "8-K", "filed": "2026-09-02", "items": [ "8.01 Other Events" ], "url": "https://www.sec.gov/Archives/edgar/data/1819404/000181940426000094/0001819404-26-000094-index.htm" }, { "form": "8-K", "filed": "2026-08-21", "items": [ "5.02 Departure or Election of Directors; Appointment of Officers" ], "url": "https://www.sec.gov/Archives/edgar/data/1819404/000162828026058487/0001628280-26-058487-index.htm" }, { "form": "8-K", "filed": "2026-08-14", "items": [ "3.03 Material Modifications to Rights of Security Holders", "5.03 Amendments to Articles or Bylaws; Change in Fiscal Year", "5.07 Submission of Matters to a Vote of Security Holders", "8.01 Other Events" ], "url": "https://www.sec.gov/Archives/edgar/data/1819404/000181940426000085/0001819404-26-000085-index.htm" }, { "form": "10-Q", "filed": "2026-08-06", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1819404/000181940426000080/0001819404-26-000080-index.htm" }, { "form": "8-K", "filed": "2026-08-06", "items": [ "2.02 Results of Operations and Financial Condition", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1819404/000119312526337961/0001193125-26-337961-index.htm" } ], "events12m": 15, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001819404.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1819404" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets, no buy or sell views.", "edgar": "🫧 Edgar looked up NERDY INC. ($NRDY). Last filing: 8-K (5.02 Departure or Election of Directors; Appointment of Officers), 2026-09-08. 15 event filings (8-K) in the past twelve months.", "auditor": { "changes": [], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2025-12-31", "revenue": 178988000, "revenueGrowth1y": -0.059101828829160374, "revenueGrowthPerYear": 0.06208735451718006, "yearsOfData": 5, "operatingMargin": -0.3456321094151563, "operatingMarginPrior": -0.36854140492348775, "netMargin": -0.3405144478959483, "operatingCashFlow": -18846000, "capitalSpending": 5370000, "freeCashFlow": -24216000, "researchAndDevelopment": null, "researchShareOfRevenue": null, "cash": 47895000, "longTermDebt": 19327000, "longTermDebtChange": null, "revenueHistory": [ { "fiscalYearEnd": "2021-12-31", "revenue": 140664000 }, { "fiscalYearEnd": "2022-12-31", "revenue": 162665000 }, { "fiscalYearEnd": "2023-12-31", "revenue": 193399000 }, { "fiscalYearEnd": "2024-12-31", "revenue": 190231000 }, { "fiscalYearEnd": "2025-12-31", "revenue": 178988000 } ], "totalEquity": 19009000, "totalAssets": 76166000, "equityRatio": 0.24957330042276082, "returnOnEquity": -3.2062707138723763, "dividendsPaid": null, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "range80": { "low": 139299982.00285092, "high": 223890107.99089047, "baseline": 176597340.26730594, "n": 4309, "band": "b01" }, "ifPaceHeld": { "low": 139299982.00285092, "high": 223890107.99089047 } }, "edgarette": "🔖 Exposure: revenue $179.0M (FY2025), total debt $19.3M. Experience: revenue down 5.9% on the year, up 6.2% a year over 4 years; operating margin -34.6%, up from -36.9%. Soundness: equity 25.0% of assets, return on equity -320.6%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $139.3M and $223.9M next year (method v3, set from 4,309 SEC company-years; on a year the method never saw, 83% landed inside). A range, not a forecast. Against peers (23 filers, $50M+ revenue, services-educational services): operating margin -34.6% against a 7.4% median; growth -5.9% against 8.6%.", "peers": { "sic": 8200, "sicDescription": "Services-Educational Services", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "8200", "growth": [ 0.0864, 21 ], "opMargin": [ 0.0739, 23 ], "equityRatio": [ 0.5273, 21 ], "returnOnEquity": [ 0.098, 20 ] }, "summary": "Nerdy (NRDY) saw revenue fall 5.9% in FY2025 to $179 million, operating margin -34.6% against a 7.4% median for services-educational services, equity 25.0% of assets. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
NERDY INC. against its own record and its peers
Operating marginPeer median 7.4%-34.6%Revenue, on the yearPeer median 8.6%-5.9%Equity of assetsPeer median 52.7%25.0%Return on equityPeer median 9.8%-320.6%Gold tick: the median of 20–21 peers with $50M+ revenue in services-educational services
", "chartHorizon": null, "backtest": { "tests": 3, "hits": 3, "rate": 1, "method": "v3", "note": "hindsight: past years, same calibrated range. The range was calibrated on 2022-2024 SEC data, so years in that window are partly in-sample." }, "registry": { "logged": "2026-09-20T15:20:52.142Z", "hash": "fbd8dd40278bbfeb", "status": "open" }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "schema": "pops4.edgarette.card/1", "card": { "summary": "Nerdy (NRDY) saw revenue fall 5.9% in FY2025 to $179 million, operating margin -34.6% against a 7.4% median for services-educational services, equity 25.0% of assets. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2025-12-31", "revenue": 178988000, "totalDebt": 19327000, "cash": 47895000 }, "experience": { "revenueGrowth1y": -0.059101828829160374, "revenueGrowthPerYear": 0.06208735451718006, "operatingMargin": -0.3456321094151563, "operatingMarginPrior": -0.36854140492348775, "netMargin": -0.3405144478959483, "freeCashFlow": -24216000 }, "soundness": { "equityRatio": 0.24957330042276082, "returnOnEquity": -3.2062707138723763, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 8200, "sicDescription": "Services-Educational Services", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "8200", "growth": [ 0.0864, 21 ], "opMargin": [ 0.0739, 23 ], "equityRatio": [ 0.5273, 21 ], "returnOnEquity": [ 0.098, 20 ] }, "credibility": { "auditedYears": 5, "weight": "reasonable", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": null }, "range": { "low": 139299982.00285092, "high": 223890107.99089047, "baseline": 176597340.26730594, "coverage": 0.8, "method": "v3", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); range = 10th to 90th percentile of how SEC company-years of the same size band actually turned out", "calibratedOn": { "companyYears": 4309, "sizeBand": "b01" }, "kind": "a calibrated range, not a forecast; no view on the share price", "track": { "backtest": { "tests": 3, "hits": 3, "rate": 1, "method": "v3", "note": "hindsight: past years, same calibrated range. The range was calibrated on 2022-2024 SEC data, so years in that window are partly in-sample." }, "registry": { "logged": "2026-09-20T15:20:52.142Z", "hash": "fbd8dd40278bbfeb", "status": "open" }, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001819404.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1819404" } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same if-the-pace-held arithmetic applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so." } }