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Nerdy Inc. (NRDY) stock

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NYSE: NRDY NYSE Education Services Next results ~November 9, 2026

D Fundamentals grade

Nerdy Inc. is a US-listed company in the education services industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: every model's value for Nerdy Inc. is far from the share price, which usually points to a data problem (a merger, a share-count change, a one-off) rather than a bargain or a bubble.

Price vs value

Under review: noncontrolling ownership requires a separate cash-flow valuation. We'll show the comparison once resolved.

Nerdy Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders1 buying, 6 selling25 purchases and 25 sales by directors and officers, last 12 monthsInsider trades
  • Funds47 adding, 54 cuttingOf 14 active managers that changed their stake, 10 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Nerdy files

Where Nerdy stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $178m, down 0.2% on a year earlier, a smaller fall than the 2.2% decline a quarter earlier. That puts it 10 of 11 for growth among the education services companies we cover. Free-cash-flow margin rose to -9.9% from -18.7% a year earlier. Operating margin widened to -25.4% from -39.7%. The diluted share count is up 6.0% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 4 of our 7 financial-health checks.

Our model value for Nerdy is under review, so past values are not shown until it is resolved.

Source: 10-Q filed August 6, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 9, 2026 (estimated)

Nerdy Inc.'s trailing-twelve-month revenue fell 0.2% year on year, with a free-cash-flow margin of -9.9%. Where it stands out: days sales outstanding of 9 days ranks 3 of 18 education services companies we cover. Where it lags: long-term debt as % of assets of 30.3% ranks 14 of 14 education services companies we cover.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 47.0% while net income grew 31.9%: a 15pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Margins widening. Operating margin is up 14.3 points on a year ago.
  • Net cash. Cash exceeds long-term debt by $0.0bn.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Results due soon. Results are expected around 5 November; the share price can move sharply on the day.
  • Revenue shrinking. Revenue fell 0.2% over the last 12 months.
  • Loss-making. Operating margin is -25.4%: costs exceed revenue.
  • Burning cash. Free cash flow was -9.9% of revenue over the last 12 months.
  • Share dilution. Diluted shares rose 6.0% in a year.
  • Volatile shares. Over the past year the shares showed annualised volatility of 61% and a beta of 1.2 against the S&P 500.

Latest results: FY2026 Q2

Filed August 6, 2026
Earnings per share
-$0.25 against an average estimate of -$0.30: beat by 16.0%
Revenue
$43m, down 4.5% on a year earlier
Share reaction
-8.9% in the first session after the results on August 6, 2026, against +0.5% for the S&P 500
Next report
November 9, 2026; average EPS estimate -$1.05

Nerdy's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-2.7%
  • 1 week+6.7%
  • 1 month-20.8%
  • This year-60.1%
  • 1 year-59.6%
  • 5 years-95.0%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$178M
Operating margin
-25.4%
Net margin
-17.0%
EPS (TTM, diluted)
$-0.24

Growth

Revenue growth
−0.2%
Change in growth rate
+2.0 pts
Share count change
+6.0%

Cash

Free cash flow (TTM)
-$17.6M
FCF margin
-9.9%
Stock pay % of revenue
12.6%

Earnings

Last results
August 6, 2026
Next results (est.)
November 5, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Leadership
  2. Announcement
  3. Leadership
  4. Shareholder vote
  5. Results
  6. Restructuring
  7. Leadership

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Nerdy Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: noncontrolling ownership requires a separate cash-flow valuation.

Valuation multiples over time Market data may be delayed

At fiscal year end 20212022202320242025Now
Share price$67.50$33.75$51.45$24.30$15.60$6.23
Market value$5.3bn$2.9bn$5.0bn$2.7bn$1.9bn$772m
+ Net debt (− = net cash)−$144m−$91m−$75m−$53m−$29m−$19m
Enterprise value$5.2bn$2.8bn$4.9bn$2.7bn$1.9bn$753m
Multiples
Price / sales 38.0x17.8x25.8x14.3x10.5x4.3x
Price / earnings ——————
Price / free cash flow ——————
EV / EBITDA ——————

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

31 /100

Weak moat

How hard Nerdy's competitive advantage looks for rivals to wear away, judged from 6 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Cash operating profit has been a median -64.0% of total assets over 5 years.

  • Pricing power 19 / 20

    Gross margin has been a median 67.7%, moving by 3.1 percentage points (standard deviation) across 6 years.

  • Durability 10 / 20

    Operating margin has been a median -35.8%; its worst year was -78.4%.

  • Cash conversion 0 / 20

    Free cash flow was positive in 0 of 5 years, at a median -17.6% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (36 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 9, 2026, after the close. Analysts expect revenue of $34m and EPS of −$1.05 (range −$1.05 to −$1.05) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current −$1.05 +66% $171m −4%
Next −$0.30 +71% $177m +3%

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +164.4% on 90 days ago. In the last 30 days, 0 analysts raised Nerdy Inc.'s forecast and 2 cut it.

Consensus EPS forecast Nerdy Inc., last 90 days
−$1.50 −$1.00 −$0.50 $0.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: −$0.40 Current fiscal year, 60 days ago: −$0.40 Current fiscal year, 30 days ago: −$0.40 Current fiscal year, 7 days ago: −$0.75 Current fiscal year, Now: −$1.05 −$1.05 Next fiscal year, 90 days ago: −$0.15 Next fiscal year, 60 days ago: −$0.15 Next fiscal year, 30 days ago: −$0.15 Next fiscal year, 7 days ago: −$0.15 Next fiscal year, Now: −$0.30 −$0.30

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago −$0.40−$0.15
60 days ago −$0.40−$0.15
30 days ago −$0.40−$0.15
7 days ago −$0.75−$0.15
Now −$1.05−$0.30

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 −$0.30 −$0.25 +16.0%
Mar 2026 −$0.15 −$0.02 +88.0%
Dec 2025 −$0.30 −$0.05 +82.0%
Sept 2025 −$1.73 −$1.47 +14.9%

Adjusted EPS as companies report it, against the average analyst estimate.

Analyst recommendations

2 analysts, Oct 2026
Buy150%
Hold150%
Sell00%

Monthly trend

  1. Oct 2026112
  2. Sep 2026112

Counts of recommendations published by analysts covering Nerdy Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
7.0%
of tradable shares
Days to cover
19.11
at average volume
Short interest, 1 month
+0%
to October 15, 2026
Held by institutions
12%
of shares
Held by insiders
51.8%
of shares
Employees
500
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −58.0%

$14.85 on October 31, 2025 to $6.23

ThenNowEffect
Revenue (last 12 months) $178m $178m −0.2%
P/S multiple 9.7x 4.3x −55.5%
Share count 117m 124m −5.6%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

Last 3 years −86.8%

$47.25 on November 3, 2023 to $6.23

ThenNowEffect
Revenue (last 12 months) $172m $178m +3.8%
P/S multiple 24.9x 4.3x −82.6%
Share count 90m 124m −27.0%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
NRDY−60%−50%+52%−53%−36%−60%
Industry peers (median)−10%−6%+23%+25%+2%−8%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
NRDY42%50%42%33%33%18%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
NRDY−63%−67%−53%−79%−58%−67%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 27, 2020: 97% from September 22, 2021 to October 27, 2026. Getting back needed a 3143% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$5.68 – $21.30
From 52-week high
−70.8%
vs 50-day average
−21.4%
vs 200-day average
−47.8%
Volatility (1 year)
61%
Beta vs S&P 500
1.18

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
1 up, 11 down
typical move ±12.0%
After a week
2 up, 10 down
typical move ±11.0%
After a month
3 up, 9 down
typical move ±23.4%
Results releasedNext dayS&P 500 next day5 days21 days
August 6, 2026 −8.9% +0.5% −12.7% −24.9%
May 7, 2026 −1.3% +0.5% −4.5% −7.1%
February 26, 2026 +3.8% −1.0% −2.0% −13.5%
November 6, 2025 −11.2% −1.0% −8.7% +35.1%
August 7, 2025 −8.6% +0.7% −9.3% −7.1%
May 8, 2025 −7.8% +0.6% +6.0% +7.2%
February 27, 2025 −5.6% −0.1% +0.6% −9.3%
November 7, 2024 −6.2% +1.2% −4.4% +86.4%
August 8, 2024 −43.8% +2.8% −40.1% −38.6%
May 7, 2024 −11.0% +0.1% −20.6% −43.4%
February 27, 2024 −18.1% +0.1% −8.9% −3.6%
November 7, 2023 −17.2% +0.4% −14.6% −4.5%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Nerdy Inc. in five measures

Fundamentals grade D
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Nerdy Inc.
$170M $180M $190M $200M $210M FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $180.1M Revenue (TTM), FY23 Q4: $193.4M Revenue (TTM), FY24 Q1: $197.9M Revenue (TTM), FY24 Q2: $200.1M Revenue (TTM), FY24 Q3: $197.3M Revenue (TTM), FY24 Q4: $190.2M Revenue (TTM), FY25 Q1: $184.1M Revenue (TTM), FY25 Q2: $178.4M Revenue (TTM), FY25 Q3: $177.9M Revenue (TTM), FY25 Q4: $179M Revenue (TTM), FY26 Q1: $180.1M Revenue (TTM), FY26 Q2: $178.1M $178.1M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $180.1M
FY23 Q4 $193.4M
FY24 Q1 $197.9M
FY24 Q2 $200.1M
FY24 Q3 $197.3M
FY24 Q4 $190.2M
FY25 Q1 $184.1M
FY25 Q2 $178.4M
FY25 Q3 $177.9M
FY25 Q4 $179M
FY26 Q1 $180.1M
FY26 Q2 $178.1M
Revenue growth, TTM YoY Nerdy Inc.
-20% -10% 0% 10% 20% 30% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 10.6% Revenue growth, TTM YoY, FY23 Q4: 18.9% Revenue growth, TTM YoY, FY24 Q1: 20.0% Revenue growth, TTM YoY, FY24 Q2: 16.6% Revenue growth, TTM YoY, FY24 Q3: 9.6% Revenue growth, TTM YoY, FY24 Q4: -1.6% Revenue growth, TTM YoY, FY25 Q1: -7.0% Revenue growth, TTM YoY, FY25 Q2: -10.9% Revenue growth, TTM YoY, FY25 Q3: -9.9% Revenue growth, TTM YoY, FY25 Q4: -5.9% Revenue growth, TTM YoY, FY26 Q1: -2.2% Revenue growth, TTM YoY, FY26 Q2: -0.2% -0.2%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 10.6%
FY23 Q4 18.9%
FY24 Q1 20.0%
FY24 Q2 16.6%
FY24 Q3 9.6%
FY24 Q4 -1.6%
FY25 Q1 -7.0%
FY25 Q2 -10.9%
FY25 Q3 -9.9%
FY25 Q4 -5.9%
FY26 Q1 -2.2%
FY26 Q2 -0.2%
Operating margin (TTM) Nerdy Inc.
-60% -40% -20% 0% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: -37.7% Operating margin (TTM), FY23 Q4: -29.8% Operating margin (TTM), FY24 Q1: -29.8% Operating margin (TTM), FY24 Q2: -31.9% Operating margin (TTM), FY24 Q3: -32.4% Operating margin (TTM), FY24 Q4: -36.9% Operating margin (TTM), FY25 Q1: -40.1% Operating margin (TTM), FY25 Q2: -39.7% Operating margin (TTM), FY25 Q3: -36.1% Operating margin (TTM), FY25 Q4: -34.6% Operating margin (TTM), FY26 Q1: -28.4% Operating margin (TTM), FY26 Q2: -25.4% -25.4%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 -37.7%
FY23 Q4 -29.8%
FY24 Q1 -29.8%
FY24 Q2 -31.9%
FY24 Q3 -32.4%
FY24 Q4 -36.9%
FY25 Q1 -40.1%
FY25 Q2 -39.7%
FY25 Q3 -36.1%
FY25 Q4 -34.6%
FY26 Q1 -28.4%
FY26 Q2 -25.4%
FCF margin (TTM) Nerdy Inc.
-20% -15% -10% -5% 0% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: -12.2% FCF margin (TTM), FY23 Q4: -7.5% FCF margin (TTM), FY24 Q1: -9.2% FCF margin (TTM), FY24 Q2: -9.8% FCF margin (TTM), FY24 Q3: -9.1% FCF margin (TTM), FY24 Q4: -11.8% FCF margin (TTM), FY25 Q1: -17.5% FCF margin (TTM), FY25 Q2: -18.7% FCF margin (TTM), FY25 Q3: -18.2% FCF margin (TTM), FY25 Q4: -13.5% FCF margin (TTM), FY26 Q1: -10.9% FCF margin (TTM), FY26 Q2: -9.9% -9.9%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 -12.2%
FY23 Q4 -7.5%
FY24 Q1 -9.2%
FY24 Q2 -9.8%
FY24 Q3 -9.1%
FY24 Q4 -11.8%
FY25 Q1 -17.5%
FY25 Q2 -18.7%
FY25 Q3 -18.2%
FY25 Q4 -13.5%
FY26 Q1 -10.9%
FY26 Q2 -9.9%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 90 104 141 163 193 190 179 178
Gross profit 60 69 94 113 136 128 104 109
EBITDA −19 −17 −96 −90 −57 −69 −61 −45
Operating income −21 −18 −96 −91 −58 −70 −62 −45
Net income 0 0 −4 −35 −40 −43 −40 −30
Diluted EPS $0.00 $0.00 −$0.05 −$0.41 −$0.41 −$0.38 −$0.33 −$0.24
Growth (year on year)
Revenue — +14.9% +35.3% +15.6% +18.9% −1.6% −5.9% −0.2%
Margins
Gross margin 65.9% 66.5% 66.8% 69.4% 70.6% 67.5% 58.0% 61.0%
EBITDA margin −21.5% −16.4% −68.0% −55.2% −29.3% −36.4% −34.2% −25.1%
Operating margin −22.7% −17.3% −68.6% −55.8% −29.8% −36.9% −34.6% −25.4%
Net margin 0.0% 0.0% −2.7% −21.8% −20.8% −22.4% −22.3% −17.0%
Free-cash-flow margin −25.1% −9.2% −31.3% −32.8% −7.5% −11.8% −13.5% −9.9%
Cash flow
Cash from operations −16 −7 −39 −48 −8 −16 −19 −12
Capital spending 6 3 5 5 7 7 5 6
Free cash flow −23 −10 −44 −53 −14 −22 −24 −18
Stock-based pay 2 2 54 47 44 41 28 23
Free cash flow after stock pay −24 −11 −98 −101 −59 −64 −52 −40
Balance sheet
Cash 25 29 144 91 75 53 48 38
Total debt 0 48 0 0 0 0 19 20
Net debt (negative = net cash) −25 18 −144 −91 −75 −53 −29 −19
Diluted shares — — 79m 86m 97m 112m 121m 124m

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

4 of 7 checks passed · June 30, 2026
What it owns · $65m
Short-term assets $46mLonger-term assets $18m
What it owes, and who funded it · $56m
Short-term liabilities $17mLonger-term liabilities $21mShareholders' equity $17m
  • Short-term assets cover short-term liabilities $46m of assets due within a year against $17m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $46m short-term assets against $21m of longer-dated liabilities.
  • More cash than debt $38m of cash against $20m of debt.
  • Debt below 40% of shareholders' equity Debt is 113% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 0% to 113% over five years.
  • A year's operating cash flow covers at least 20% of debt −$12m of operating cash flow against $20m of debt.
  • Operating profit covers interest at least five times over No material interest expense reported.

From Nerdy Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Diluted share count
+6.0%
year over year
Days sales outstanding
9 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in education services
Last 12 months unless stated NRDY YOUL CHGG IH COE LGCY Median
Revenue, last 12 months $178m $258m $266m $112m $96m $80m $266m
Revenue growth, last 12 months −0.2% 17.1% −47.6% −12.4% 88.6% 24.8% 7.5%
Revenue growth, 3-year average 1.3% — −29.0% — — — 10.3%
Revenue growth, latest quarter −4.5% — −50.7% — — 12.0% 5.8%
Gross margin 61.0% 10.4% 58.0% 67.9% 73.9% — 54.6%
Operating margin −25.4% 0.4% −20.9% 8.3% −15.1% 14.8% 5.0%
Operating margin, 3-year average −32.4% — −53.7% — −221.7% 14.6% 5.9%
Net margin −17.0% 2.3% −20.0% 11.8% −17.6% 11.4% 3.9%
Cash from operations / revenue −6.7% 0.6% 3.8% 6.4% 12.4% 5.0% 8.4%
Free-cash-flow margin −9.9% 0.6% −2.6% 5.8% 10.0% 3.3% 5.8%
Free-cash-flow margin, 3-year average −12.8% — 5.3% — <−999% 5.6% 5.4%
Stock pay / revenue 12.6% — 6.7% 0.1% 1.4% 1.5% 1.4%
Change in share count 6.0% 4.1% 5.0% −1.3% 2.3% 9.9% 0.7%

Median of all 25 companies we cover in education services. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

25 education services companies
Measure Company Peer median Rank
Revenue growth Growth -0.2% 7.5% 20 of 25
Change in growth rate Growth +2.0pp -0.5pp 7 of 25
Gross margin Profitability 61.0% 54.6% 5 of 19
Operating margin Profitability -25.4% 5.0% 21 of 25
Net margin Profitability -17.0% 3.9% 16 of 25
Free-cash-flow margin Cash generation -9.9% 5.8% 21 of 25
Stock pay as % of revenue Cash generation 12.6% 1.4% 19 of 21
Long-term debt as % of assets Balance sheet 30.3% 16.5% 14 of 14
Change in share count Balance sheet 6.0% 0.7% 17 of 24
Days sales outstanding Balance sheet 9 days 29 days 3 of 18

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Who owns it

Funds buying and selling
Reported value
$14.5M
Institutions reporting
81
Shares held vs prior quarter
▼ 28.0%
Positions opened / closed
24 / 31

Top buyers and sellers, Q2 2026: 47 institutions bought and 54 sold ; the biggest buyer was Rbf Capital, LLC (+769K shares) and the biggest seller Blackrock, Inc (−3.3M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Technology Crossover Management Viii, Ltd. $3.6M 3.9M 24.9% 0.0%
Vanguard Capital Management LLC $2.3M 2.5M 15.7% ▼ 1.6%
Moneta Group Investment Advisors LLC $943,309 1.0M 6.5% ▲ 229.1%
Blackrock, Inc. $931,938 1.0M 6.4% ▼ 76.2%
AQR Capital Management LLC $804,900 879K 5.5% ▲ 97.0%
Gsa Capital Partners LLP $743,000 811K 5.1% ▲ 23.6%
Rbf Capital, LLC $704,470 769K 4.8% New
Geode Capital Management, LLC $702,472 766K 4.8% ▼ 54.2%
Jane Street Group, LLC $461,651 504K 3.2% ▲ 99.5%
Millennium Management LLC $457,279 499K 3.1% New
Goldman Sachs Group Inc $456,115 498K 3.1% ▲ 34.9%
Vanguard Fiduciary Trust Co $360,877 394K 2.5% ▼ 11.3%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Nerdy Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $5.3M 25 trades by 1 insider, last 12 months Insider sales History → $794,725 25 trades by 6 insiders · 28% under pre-set plans
Net ▲ $4.5M net buying
Insider Date Trade Shares Price Value
Swenson Christopher C. Chief Legal Officer October 16, 2026 Sell 3,330 $5.98 $19,913
Bagga Atul Madan Mohan Chief Financial Officer October 16, 2026 Sell 2,355 $5.98 $14,083
Swenson Christopher C. Chief Legal Officer September 11, 2026 Sell 1,741 $9.05 $15,756
Swenson Christopher C. Chief Legal Officer July 16, 2026 Sell 22,707 $0.83 $18,847
Callaway Kyle Chief Accounting Officer July 16, 2026 Sell 13,377 $0.83 $11,103
Paszterko John Andrew Chief Operating Officer July 16, 2026 Sell 31,034 $0.83 $25,758
Bagga Atul Madan Mohan Chief Financial Officer July 16, 2026 Sell 36,426 $0.83 $30,234
Swenson Christopher C. Chief Legal Officer June 16, 2026 Sell 20,153 $0.88 $17,735
Cohn Charles K. Chief Executive Officer June 15, 2026 Buy 250,007 $1.00 $250,007
Cohn Charles K. Chief Executive Officer June 12, 2026 Buy 251,081 $1.00 $251,081
Cohn Charles K. Chief Executive Officer June 11, 2026 Buy 258,204 $0.97 $250,458
Cohn Charles K. Chief Executive Officer June 10, 2026 Buy 219,019 $0.91 $199,307

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 5, 2026 estimated from the company's past filing pattern, not announced

  • August 6, 2026
  • May 7, 2026
  • February 26, 2026
  • November 6, 2025
  • August 7, 2025
  • May 8, 2025

Recent SEC filings

Data status

When each part of this page on Nerdy Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Nerdy Inc. in brief

What does Nerdy Inc. do?
Nerdy Inc. is a US-listed company in the education services industry. Its financial year ends in December.
What is Nerdy Inc.'s stock ticker?
Nerdy Inc. trades under the ticker NRDY on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Nerdy Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Nerdy Inc. reported revenue of $178M, 0.2% lower than a year earlier, according to its SEC filings.
What is Nerdy Inc.'s free cash flow?
Nerdy Inc.'s free-cash-flow margin is -9.9% of revenue over the trailing twelve months, ranking 21 of the 25 education services companies we cover.
Who are Nerdy Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Technology Crossover Management Viii, Ltd., Vanguard Capital Management LLC and Moneta Group Investment Advisors LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Nerdy Inc.'s market cap?
On November 2, 2026, Nerdy Inc.'s market capitalisation was about $772M and net debt of -$18.8M. Market figures come from third-party market data and may be delayed.
How much debt does Nerdy Inc. have?
Nerdy Inc.'s debt-to-equity ratio is 113.3%, from its latest balance sheet (0.0% five years earlier). The financial health section below sets out its other solvency checks.
Who are Nerdy Inc.'s competitors?
In our Education Services peer group, the companies closest to Nerdy Inc. are Youlife Group Inc., Chegg, Inc, Ihuman Inc., 51talk Online Education Group and Legacy Education Inc. The side-by-side comparison below sets their revenue, margins and growth against Nerdy Inc.'s.
Are insiders buying or selling Nerdy Inc. stock?
Over the last 12 months, Nerdy Inc.'s directors and officers reported 25 open-market purchases and 25 sales on Form 4. The insider trading page charts every trade.
When is Nerdy Inc.'s next earnings date?
Around November 9, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Nerdy Inc. announces its own schedule.