Tearsheet

Nerdy (NRDY)

Market Price (3/31/2026): $0.8105 | Market Cap: $99.7 Mil
Sector: Information Technology | Industry: Technology Hardware, Storage & Peripherals

Nerdy (NRDY)

Market Price (3/31/2026): $0.8105
Market Cap: $99.7 Mil
Sector: Information Technology
Industry: Technology Hardware, Storage & Peripherals

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0	Cash is significant % of market cap Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -28%	Weak multi-year price returns 2Y Excs Rtn is -95%, 3Y Excs Rtn is -139%	Penny stock Mkt Price is 0.8
1	Valuation becoming less expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -35%		Not profitable at operating income level Op Inc LTMOperating Income, Last Twelve Months is -62 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -35%
2	Megatrend and thematic drivers Megatrends include Cloud Computing, E-commerce & Digital Retail, and Social Media & Creator Economy. Themes include Software as a Service (SaaS), Show more.		Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -5.9%
3			Significant share based compensation SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 16%
4			Not cash flow generative CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -11%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -14%
5			Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -44%
6			Key risks NRDY key risks include [1] its history of net losses and challenges achieving profitability, Show more.

0	Cash is significant % of market cap Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -28%
1	Valuation becoming less expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -35%
2	Megatrend and thematic drivers Megatrends include Cloud Computing, E-commerce & Digital Retail, and Social Media & Creator Economy. Themes include Software as a Service (SaaS), Show more.
3	Weak multi-year price returns 2Y Excs Rtn is -95%, 3Y Excs Rtn is -139%
4	Penny stock Mkt Price is 0.8
5	Not profitable at operating income level Op Inc LTMOperating Income, Last Twelve Months is -62 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -35%
6	Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -5.9%
7	Significant share based compensation SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 16%
8	Not cash flow generative CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -11%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -14%
9	Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -44%
10	Key risks NRDY key risks include [1] its history of net losses and challenges achieving profitability, Show more.

Valuation, Metrics & Events

	3/31/26	2025	2024	2023	2022
Share Price CYE	$0.81	$1.42	$2.91	$4.18	$5.09
Market Cap CYE ($ Mil)	99.7	168.2	314.1	383.6	405.3
Total Debt ($ Mil)	19.7	0.0	0.0	0.0	0.0
Total Cash ($ Mil)	47.9	44.9	77.0	96.5	141.7
Enterprise Value ($ Mil)	71.5	168.2	314.1	383.6	405.3
Valuation Ratios
P/S TTM	0.6	0.9	1.6	2.3	2.6
P/EBIT TTM	-1.6	-2.3	-5.3	-4.7	-3.7
P/E TTM	-2.5	-3.7	-10.9	-10.2	-10.5
P/FCF TTM	-4.1	-5.2	-17.3	-8.5	-9.4
Sector Ratios
P/S TTM (Sector)	3.3	3.0	3.7	3.1	4.7
P/EBIT TTM (Sector)	8.0	7.5	5.0	-0.0	5.4
P/E TTM (Sector)	5.3	-0.0	-0.1	-0.3	5.9
P/FCF TTM (Sector)	12.1	15.3	15.6	13.1	15.3

	3/31/26	2025	2024
Share Price CYE	$0.81	$1.42	$2.91
Market Cap CYE ($ Mil)	99.7	168.2	314.1
Total Debt ($ Mil)	19.7	0.0	0.0
Total Cash ($ Mil)	47.9	44.9	77.0
Enterprise Value ($ Mil)	71.5	168.2	314.1
Valuation Ratios
P/S TTM	0.6	0.9	1.6
P/EBIT TTM	-1.6	-2.3	-5.3
P/E TTM	-2.5	-3.7	-10.9
P/FCF TTM	-4.1	-5.2	-17.3
Sector Ratios
P/S TTM (Sector)	3.3	3.0	3.7
P/EBIT TTM (Sector)	8.0	7.5	5.0
P/E TTM (Sector)	5.3	-0.0	-0.1
P/FCF TTM (Sector)	12.1	15.3	15.6

	NRDY	S&P 500
REVENUE GROWTH
Rev LTM ($ Bil)	0.2
Rev Chg Q	2.3%	7.3%
Rev Chg LTM	-5.9%	6.7%
Rev Chg 3Y Avg	3.8%	5.7%
PROFITABILITY	VERY POOR
Op Inc LTM ($ Bil)	-0.1
CFO LTM ($ Bil)	-0.0
Net Inc LTM ($ Bil)	-0.0
Op Mgn LTM	-34.6%	18.6%
CFO/Rev LTM	-10.5%	20.7%
Net Inc Mgn	-22.3%	12.8%
VALUATION	VERY LOW
P/S	0.6	3.1
P/CFO	-5.3	14.8
P/FCF	-4.1	19.4
P/E	-2.5	23.7
STABILITY	VERY GOOD
Debt/Equity	0.20	0.22
Cash/Assets	0.63	0.07

AI Analysis | Feedback

Metric	Value	Date	Source
Active Members	34300	9302025	Link
Average Revenue Per Member (ARPM)	374	9302025	Link
Learning Membership Revenue	33000000	9302025	Link
Institutional Revenue	3700000	9302025	Link
Varsity Tutors for Schools Bookings	6800000	9302025	Link
Varsity Tutors for Schools Contracts Executed	44	9302025	Link
Students with Access to Varsity Tutors for Schools Platform	5000000	12312024	Link

Upcoming
5/14/2026	Earnings Release	Rev: $47 Mil (E) EPS: $-0.05 (E)

Price Chart

Return (1M):

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Nerdy (NRDY) stock has lost about 40% since 11/30/2025 because of the following key factors:

1. Missed Earnings Per Share (EPS) Expectations: Despite exceeding revenue forecasts by 7.14% with $49.1 million in Q4 2025 revenue and achieving its first positive non-GAAP adjusted EBITDA of $1.3 million, Nerdy reported a GAAP EPS of -$0.08, missing analyst consensus estimates of -$0.06 by $0.02. This indicates that while operational efficiency improved, overall profitability remains a challenge.

2. Cautious 2026 Financial Guidance with Delayed AI Impact: The company's full-year 2026 revenue guidance of $180 million-$190 million, coupled with an expectation of approximately breakeven non-GAAP adjusted EBITDA, may have been perceived as conservative by investors. This cautious outlook is further exacerbated by management explicitly stating that the guidance does not yet fully reflect the benefits of its recently completed AI-native platform rollout, indicating a potentially slower realization of anticipated improvements.

Show more

Stock Movement Drivers

Fundamental Drivers

The -39.9% change in NRDY stock from 11/30/2025 to 3/30/2026 was primarily driven by a -39.6% change in the company's P/S Multiple.

(LTM values as of)	11302025	3302026	Change
Stock Price ($)	1.34	0.81	-39.9%
Change Contribution By:
Total Revenues ($ Mil)	178	179	0.6%
P/S Multiple	0.9	0.6	-39.6%
Shares Outstanding (Mil)	122	123	-1.1%
Cumulative Contribution			-39.9%

LTM = Last Twelve Months as of date shown

Market Drivers

11/30/2025 to 3/30/2026

	Return	Correlation
NRDY	-39.9%
Market (SPY)	-5.3%	29.6%
Sector (XLK)	-10.8%	20.5%

Fundamental Drivers

The -40.8% change in NRDY stock from 8/31/2025 to 3/30/2026 was primarily driven by a -39.5% change in the company's P/S Multiple.

(LTM values as of)	8312025	3302026	Change
Stock Price ($)	1.36	0.81	-40.8%
Change Contribution By:
Total Revenues ($ Mil)	178	179	0.3%
P/S Multiple	0.9	0.6	-39.5%
Shares Outstanding (Mil)	120	123	-2.4%
Cumulative Contribution			-40.8%

LTM = Last Twelve Months as of date shown

Market Drivers

8/31/2025 to 3/30/2026

	Return	Correlation
NRDY	-40.8%
Market (SPY)	0.6%	31.7%
Sector (XLK)	-2.6%	21.7%

Fundamental Drivers

The -47.0% change in NRDY stock from 2/28/2025 to 3/30/2026 was primarily driven by a -40.2% change in the company's P/S Multiple.

(LTM values as of)	2282025	3302026	Change
Stock Price ($)	1.52	0.81	-47.0%
Change Contribution By:
Total Revenues ($ Mil)	190	179	-5.9%
P/S Multiple	0.9	0.6	-40.2%
Shares Outstanding (Mil)	116	123	-5.7%
Cumulative Contribution			-47.0%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2025 to 3/30/2026

	Return	Correlation
NRDY	-47.0%
Market (SPY)	9.8%	43.5%
Sector (XLK)	13.8%	38.1%

Fundamental Drivers

The -67.9% change in NRDY stock from 2/28/2023 to 3/30/2026 was primarily driven by a -60.0% change in the company's P/S Multiple.

(LTM values as of)	2282023	3302026	Change
Stock Price ($)	2.51	0.81	-67.9%
Change Contribution By:
Total Revenues ($ Mil)	163	179	10.0%
P/S Multiple	1.4	0.6	-60.0%
Shares Outstanding (Mil)	90	123	-27.1%
Cumulative Contribution			-67.9%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2023 to 3/30/2026

	Return	Correlation
NRDY	-67.9%
Market (SPY)	69.4%	31.1%
Sector (XLK)	90.9%	26.2%

Return vs. Risk

Price Returns Compared

	2021	2022	2023	2024	2025	2026	Total [1]
Returns
NRDY Return	-59%	-50%	52%	-53%	-36%	-23%	-93%
Peers Return	-19%	-20%	41%	-11%	-22%	-10%	-44%
S&P 500 Return	27%	-19%	24%	23%	16%	-7%	70%
Monthly Win Rates [3]
NRDY Win Rate	42%	50%	42%	33%	33%	0%
Peers Win Rate	36%	43%	62%	42%	47%	43%
S&P 500 Win Rate	75%	42%	67%	75%	67%	33%
Max Drawdowns [4]
NRDY Max Drawdown	-60%	-62%	-0%	-78%	-48%	-23%
Peers Max Drawdown	-36%	-41%	-22%	-47%	-36%	-23%
S&P 500 Max Drawdown	-1%	-25%	-1%	-2%	-15%	-7%

[1] Cumulative total returns since the beginning of 2021
[2] Peers: CHGG, COUR, UDMY, LRN, ATGE.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/30/2026 (YTD)

How Low Can It Go

Unique Key	Event	NRDY	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-85.9%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	609.8%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	Not Fully Recovered days	464 days

Compare to CHGG, COUR, UDMY, LRN, ATGE

In The Past

Nerdy's stock fell -85.9% during the 2022 Inflation Shock from a high on 9/22/2021. A -85.9% loss requires a 609.8% gain to breakeven.

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About Nerdy (NRDY)

Business Description Analogies Products Customers Suppliers Management Key Risks Emerging Threats Market Size Revenue Drivers Capital Allocation

Nerdy, Inc. operates platform for live online learning. The company's purpose-built proprietary platform leverages technology, including AI, to connect learners of various ages to experts, delivering value on both sides of the network. Its learning destination provides learning experiences across various subjects and multiple formats, including one-on-one instruction, small group classes, large format group classes, and adaptive self-study. The company's flagship business, Varsity Tutors, operates platforms for live online tutoring and classes. Its solutions are available directly to learners, as well as through schools and other institutions. The company was founded in 2007 and is headquartered in Saint Louis, Missouri.

AI Analysis | Feedback

Here are 1-3 brief analogies to describe Nerdy (NRDY):

An Uber for live online tutoring and classes.
A Chegg for live online instruction and one-on-one tutoring.
A modern, AI-powered Sylvan Learning Center, delivered entirely online.

AI Analysis | Feedback

Live Online Tutoring and Classes (Varsity Tutors): Nerdy's flagship service provides personalized and group live online learning experiences across various subjects.
One-on-one Instruction: Dedicated live online sessions connecting a single learner with an expert for personalized learning.
Small Group Classes: Live online learning sessions designed for a limited number of learners to interact with an instructor.
Large Format Group Classes: Live online educational sessions catering to a larger audience, typically for broader subject coverage.
Adaptive Self-Study: Technology-driven self-paced learning experiences tailored to individual learner progress and needs.

AI Analysis | Feedback

Nerdy (NRDY) primarily serves individual learners directly, although it also has offerings through schools and other institutions. Based on the description of its platform connecting "learners of various ages to experts" and its flagship business "Varsity Tutors," its major customer categories are:

K-12 Students (and their parents/guardians): This segment includes students from elementary to high school seeking academic support, homework help, test preparation (e.g., SAT, ACT, AP exams), and subject-specific tutoring across a wide range of subjects.
College/University Students: Learners pursuing higher education who need assistance with specific college-level courses, academic challenges, or preparation for standardized graduate school entrance exams (e.g., GRE, GMAT, LSAT).
Adult Learners/Professionals: Individuals seeking to acquire new skills, pursue professional development, prepare for certifications, or engage in personal enrichment learning across various subjects and disciplines offered on the platform.

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Major Suppliers:

Amazon Web Services (part of Amazon.com, Inc. - AMZN)
Google Cloud Platform (part of Alphabet Inc. - GOOGL)
Stripe

AI Analysis | Feedback

Chuck Cohn, Founder, Chairman & CEO

Chuck Cohn founded Varsity Tutors (which became Nerdy) in 2007 during his junior year of college. He bootstrapped the company and, prior to focusing on Nerdy full-time, worked in energy & power investment banking at Wells Fargo Securities (Wachovia) and healthcare private equity at Ascension Ventures, an $800M AUM private equity fund. He also held positions as a Principal at A.G. Edwards & Sons, Inc., Wachovia Bank NA, and Principal-Global Sourcing at Harbour Group Industries, Inc. Nerdy went public in February 2021. He has a BSBA in Finance & Entrepreneurship from Washington University in St. Louis. Cohn founded Varsity Tutors LLC and Live Learning Technologies LLC in 2007.

Jason Pello, Chief Financial Officer

Jason Pello has 18 years of progressive experience in Finance and Accounting. Before joining Nerdy, he served as Vice President - Corporate FP&A at SAVE-A-LOT, a grocery chain owned by private equity. He also held roles as Vice President - Internal Audit and Interim Vice President FP&A at Caleres (formerly Brown Shoe Company), a publicly traded shoe retailer, and spent five years at Peabody Energy, a Fortune 500 coal company. Pello began his career at PwC, spending eight years in the firm's Assurance practice. He holds Bachelor's and Master's degrees in Accounting from the University of Missouri and is a registered CPA in Missouri.

John Paszterko, Chief Operating Officer

John Paszterko was appointed Chief Operating Officer of Nerdy on August 26, 2025. He joined Nerdy from Amazon, where he spent over nine years, most recently as Head of North America Customer Fulfillment (NACF) operations efficiency and technology integration. Prior to his time at Amazon, Paszterko served 10 years in the U.S. Army. He is a graduate of the United States Military Academy at West Point and holds a Master of Science in Global Business and Finance from Georgetown University.

Rian Schilligo, Chief People Officer

Rian Schilligo is the Chief People Officer at Nerdy, Inc. Her background includes serving as the VP of HR Business Partners, Talent Strategy, and Talent Acquisition at Caleres, Inc., a publicly traded footwear company, where she supported growth through diverse brand acquisitions. Schilligo holds a Master of Business Administration (MBA) degree in Human Resource Management and Marketing from Loyola University Chicago.

Chris Swenson, Chief Legal Officer

Chris Swenson serves as Nerdy's Chief Legal Officer and Corporate Secretary, having started the company's legal department in May 2015 as VP & General Counsel. He previously was a partner at Polsinelli PC, where he led the firm's startup ventures group, and served as outside counsel for Nerdy (then Varsity Tutors) since 2008. Swenson played a role in taking Varsity Tutors public through Nerdy Inc. in 2021. He holds a BSBA and a BA from Washington University in St. Louis and a JD from the University of Missouri-Kansas City.

AI Analysis | Feedback

The key risks to Nerdy's (NRDY) business include its challenges with NYSE compliance due to a low stock price and persistent unprofitability, intense competition in the online learning market leading to customer retention issues, and the impact of expiring federal funding on its institutional segment.

NYSE Compliance and Persistent Unprofitability: Nerdy is currently facing compliance challenges with the New York Stock Exchange (NYSE) because its Class A common stock has traded below $1.00 for 30 consecutive days. The company is considering a reverse stock split to address this issue and regain compliance. This situation highlights persistent financial pressures, as Nerdy has reported ongoing net losses and negative operating cash flows, with profitability not expected in the near term.
Intense Competition and Customer Retention Challenges: The online learning sector is highly competitive, with Nerdy facing rivals from both traditional education providers and other online platforms. Despite efforts to increase average revenue per member, the company has experienced a decline in active learning memberships, raising concerns about its ability to attract and retain customers in this crowded market.
Dependence on Institutional Clients and Expiring Funding: Nerdy's institutional business segment is encountering significant headwinds due to the expiration of Elementary and Secondary School Emergency Relief (ESSER) funding. This federal funding has been a key driver of revenue in the education sector, and its absence is expected to lead to a continued decline in institutional revenue throughout 2025.

AI Analysis | Feedback

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AI Analysis | Feedback

Nerdy, Inc. (NRDY) operates within the expansive online learning and tutoring markets. The company's main products and services, primarily delivered through its flagship business Varsity Tutors, encompass live online tutoring and classes, which fall under the broader categories of e-learning and online tutoring services.

Addressable Market Sizes:

Global E-learning Services Market: The global e-learning services market was valued at approximately USD 299.67 billion in 2024. This market is projected to grow significantly, reaching an estimated USD 842.64 billion by 2030, with a compound annual growth rate (CAGR) of 19.0% from 2025 to 2030. Another source indicates a market size of USD 356.66 billion in 2025, projected to reach USD 1,307.62 billion by 2032, with a CAGR of 20.39%.
U.S. E-learning Market: The e-learning market in the United States exceeded USD 128.37 billion in 2024 and is expected to reach USD 278.27 billion by 2033, growing at a CAGR of 8.83% between 2025 and 2033. Another report estimates the U.S. e-learning market size at USD 145.52 billion in 2025, projected to reach USD 302.18 billion by 2034, with a CAGR of 8.46% from 2026-2034.
Global Online Tutoring Market: The global online tutoring market was valued at USD 37.74 billion in 2023. It is forecasted to reach USD 386.56 billion by 2032, growing at a CAGR of 29.5% during the forecast period of 2024-2032. Other estimates place the global online tutoring market at USD 8.36 billion in 2024, projected to grow to USD 27.63 billion by 2034, at a 12.7% CAGR. Another report states the market size as USD 8 billion in 2024, projected to reach USD 18.2 billion by 2030, with a CAGR of 14.6%.
North America Online Tutoring Market: North America held a share of over 30% in the global online tutoring market in 2020. In 2024, North America's online tutoring services market dominated with a revenue share of over 35%.
U.S. Private Tutoring Market: The private tutoring market size in the U.S. is projected to grow significantly, reaching an estimated value of USD 15.74 billion by 2032.

AI Analysis | Feedback

Nerdy (NRDY) anticipates several key drivers to fuel its revenue growth over the next two to three years:

Expansion of Consumer Learning Memberships and Increased Average Revenue Per Member (ARPM): Nerdy is focused on growing its consumer base by shifting towards higher-frequency, higher-value learning memberships. This strategy, combined with price increases for new consumer customers and improved user experiences, is expected to boost Average Revenue Per Member (ARPM) and enhance customer retention, thereby driving overall consumer revenue growth.
Leveraging the Live+AI™ Platform and AI-Native Capabilities: The company completed the replatforming and launch of its Live+AI™ platform using AI-native coding in the fourth quarter of 2025. This advanced platform is projected to deliver more personalized learning experiences, increase the effectiveness of expert tutors, accelerate product development velocity, and improve unit economics, all contributing to future revenue expansion.
Growth in Institutional Revenue (Varsity Tutors for Schools): Following challenges due to federal and state funding delays in 2025, Nerdy expects a more stable funding environment in the latter half of 2026. The flow-through of 2025 bookings into 2026, alongside the anticipated launch of new offerings for its Varsity Tutors for Schools segment, is expected to drive a return to growth in institutional revenue.
Enhanced Operational Efficiency and Profitability for Reinvestment: Continuous improvements in operational efficiency, including AI-enabled productivity gains and diligent cost control, are leading to improved profitability. This stronger financial position allows Nerdy to make strategic investments in growth initiatives and enhance the learner experience, indirectly supporting and enabling future revenue expansion.

AI Analysis | Feedback

Share Repurchases

No information is available regarding formal share repurchase programs authorized or executed by Nerdy (NRDY) over the last 3-5 years.

Share Issuance

Nerdy became a public company in September 2021 through an IPO.
The number of outstanding shares for Nerdy increased significantly between 2021 and 2025. Shares outstanding grew from 79.23 million at the end of 2021 to 121.666 million by the end of 2025, indicating share issuances during this period.

Capital Expenditures

In Q4 2025, capital expenditures amounted to $5.4 million.
Product development costs, which are a component of capital allocation towards growth and improvement, were $9.6 million in Q4 2025, and $10.7 million in Q1 2025.
Nerdy completed a replatforming and launched its Live+AI™ platform using AI-native coding during Q4 2025, representing a significant investment in technology and the learner experience.

Interactive Breakdown

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[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 24%, alpha of 2.9%, and sharpe of 1.04

Latest Trefis Analyses

	Title	Date
0	DASHBOARDS
1	Nerdy Earnings Notes	12/16/2025
2	7-Day Rally Sends Nerdy Stock Up 50%	11/27/2025
3	Would You Still Hold Nerdy Stock If It Fell Another 30%?	10/17/2025

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0	ARTICLES

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Select ideas related to NRDY.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
BMI_2282026_Insider_Buying_45D_2Buy_200K	02282026	BMI	Badger Meter	Insider	Insider Buys 45DStrong Insider Buying Companies with multiple insider buys in the last 45 days	0.0%	0.0%	0.0%
VRNS_2282026_Insider_Buying_45D_2Buy_200K	02282026	VRNS	Varonis Systems	Insider	Insider Buys 45DStrong Insider Buying Companies with multiple insider buys in the last 45 days	0.0%	0.0%	0.0%
ITRI_2272026_Dip_Buyer_FCFYield	02272026	ITRI	Itron	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	0.0%	0.0%	0.0%
FSLR_2272026_Dip_Buyer_ValueBuy	02272026	FSLR	First Solar	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	0.0%	0.0%	0.0%
PEGA_2272026_Dip_Buyer_ValueBuy	02272026	PEGA	Pegasystems	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	0.0%	0.0%	0.0%

Recent Active Movers

Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
CODI	Compass Diversified	0.6	14.8%	59.8%
SGML	Sigma Lithium	1.3	14.0%	-9.6%
UTHR	United Therapeutics	25.8	12.5%	20.8%
BBWI	Bath & Body Works	3.8	11.1%	-6.2%
CLMT	Calumet	3.0	9.3%	76.3%
GRDN	Guardian Pharmacy Services	2.3	9.0%	23.8%
BETR	Better Home & Finance	0.5	8.9%	2.5%
AA	Alcoa	16.4	8.2%	19.2%
CENX	Century Aluminum	5.0	7.3%	35.9%
HPK	HighPeak Energy	0.9	7.2%	60.5%

Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
VRDN	Viridian Therapeutics	1.5	-32.3%	-40.5%
ALMS	Alumis	2.1	-18.5%	107.1%
NMRA	Neumora Therapeutics	0.3	-17.2%	7.8%
LASR	nLight	2.7	-16.0%	44.0%
SYY	Sysco	33.2	-15.3%	-5.3%
USAS	Americas Gold And Silver	1.3	-15.1%	-8.6%
NN	NextNav	2.0	-14.5%	-8.2%
APLD	Applied Digital	5.7	-13.5%	-16.2%
FRMI	Fermi	3.2	-13.3%	-33.0%
AAOI	Applied Optoelectronics	5.4	-13.3%	144.4%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
OLPX	Olaplex	1.4	55.0%	51.5%
KOD	Kodiak Sciences	1.8	51.3%	20.4%
TBN	Tamboran Resources	0.9	43.4%	63.2%
CAR	Avis Budget	4.8	26.4%	5.6%
CODI	Compass Diversified	0.6	25.7%	59.8%
TROX	Tronox	1.5	25.0%	122.0%
CLMT	Calumet	3.0	24.9%	76.3%
BRZE	Braze	2.5	24.2%	-31.5%
REX	REX American Resources	1.6	20.9%	47.4%
ELVN	Enliven Therapeutics	2.3	18.8%	137.6%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
PIPR	Piper Sandler Cos	1.2	-75.2%	-11.0%
BUR	Burford Capital	0.9	-48.4%	-54.8%
WVE	WAVE Life Sciences	1.1	-43.0%	-61.1%
TASK	TaskUs	0.6	-41.8%	-16.7%
MAZE	Maze Therapeutics	1.3	-40.8%	-30.0%
VRDN	Viridian Therapeutics	1.5	-32.9%	-40.5%
ADMA	ADMA Biologics	2.2	-32.7%	-49.8%
IBRX	ImmunityBio	6.3	-29.1%	236.4%
CRCL	Circle Internet	20.7	-29.0%	13.4%
KRMN	Karman	9.9	-26.9%	2.3%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
SOC	Sable Offshore	1.8	116.2%	97.8%
DAWN	Day One Biopharmaceuticals	2.2	102.1%	129.8%
VG	Venture Global	41.1	74.5%	148.0%
TNGX	Tango Therapeutics	2.1	72.4%	116.8%
ZD	Ziff Davis	1.6	54.8%	19.3%
PARR	Par Pacific	3.2	49.8%	81.8%
LWLG	Lightwave Logic	0.9	49.4%	103.4%
NEXT	NextDecade	2.1	49.4%	52.8%
BW	Babcock & Wilcox Enterprises	1.4	49.1%	108.4%
HPK	HighPeak Energy	0.9	46.1%	60.5%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
WVE	WAVE Life Sciences	1.1	-52.5%	-61.1%
USAS	Americas Gold And Silver	1.3	-52.3%	-8.6%
BUR	Burford Capital	0.9	-52.3%	-54.8%
FRMI	Fermi	3.2	-46.2%	-33.0%
NMRA	Neumora Therapeutics	0.3	-44.7%	7.8%
OLMA	Olema Pharmaceuticals	1.2	-44.5%	-46.3%
SES	SES AI	0.3	-44.0%	-49.0%
ADMA	ADMA Biologics	2.2	-41.2%	-49.8%
ITRG	Integra Resources	0.4	-40.8%	-35.9%
THM	International Tower Hill Mines	0.4	-40.5%	12.4%

Peer Comparisons

Peers to compare with:

Financials

	NRDY	CHGG	COUR	UDMY	LRN	ATGE	Median
Name	Nerdy	Chegg	Coursera	Udemy	Stride	Adtalem .
Mkt Price	0.81	0.67	5.73	4.56	84.17	-	4.56
Mkt Cap	0.1	0.1	1.0	0.7	3.6	3.4	0.8
Rev LTM	179	377	758	790	2,519	1,889	774
Op Inc LTM	-62	-115	-78	-3	463	369	-32
FCF LTM	-24	-13	89	70	179	368	80
FCF 3Y Avg	-20	67	60	31	199	266	63
CFO LTM	-19	15	109	88	248	428	98
CFO 3Y Avg	-14	129	78	46	263	315	103

Growth & Margins

	NRDY	CHGG	COUR	UDMY	LRN	ATGE	Median
Name	Nerdy	Chegg	Coursera	Udemy	Stride	Adtalem .
Rev Chg LTM	-5.9%	-39.0%	9.0%	0.4%	14.9%	11.9%	4.7%
Rev Chg 3Y Avg	3.8%	-19.8%	13.2%	8.1%	12.7%	9.5%	8.8%
Rev Chg Q	2.3%	-49.4%	9.9%	-3.0%	7.5%	12.4%	4.9%
QoQ Delta Rev Chg LTM	0.6%	-15.8%	2.4%	-0.7%	1.8%	3.0%	1.2%
Op Mgn LTM	-34.6%	-30.5%	-10.3%	-0.3%	18.4%	19.6%	-5.3%
Op Mgn 3Y Avg	-33.7%	-16.4%	-16.4%	-8.3%	14.9%	17.6%	-12.3%
QoQ Delta Op Mgn LTM	1.6%	-6.4%	-0.9%	0.3%	0.6%	0.0%	0.2%
CFO/Rev LTM	-10.5%	4.1%	14.3%	11.1%	9.8%	22.7%	10.5%
CFO/Rev 3Y Avg	-7.5%	19.6%	10.9%	5.9%	12.0%	18.3%	11.4%
FCF/Rev LTM	-13.5%	-3.4%	11.8%	8.9%	7.1%	19.5%	8.0%
FCF/Rev 3Y Avg	-10.9%	9.2%	8.3%	3.9%	9.0%	15.5%	8.7%

Valuation

	NRDY	CHGG	COUR	UDMY	LRN	ATGE	Median
Name	Nerdy	Chegg	Coursera	Udemy	Stride	Adtalem .
Mkt Cap	0.1	0.1	1.0	0.7	3.6	3.4	0.8
P/S	0.6	0.2	1.3	0.8	1.4	1.8	1.1
P/EBIT	-1.6	-0.7	-12.3	73.2	8.5	9.4	3.9
P/E	-2.5	-0.7	-18.8	174.4	11.4	13.6	5.3
P/CFO	-5.3	4.7	8.8	7.6	14.6	8.0	7.8
Total Yield	-40.1%	-141.1%	-5.3%	0.6%	8.8%	7.4%	-2.4%
Dividend Yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
FCF Yield 3Y Avg	-11.6%	10.2%	4.4%	3.6%	6.2%	8.4%	5.3%
D/E	0.2	0.9	0.0	0.0	0.2	0.2	0.2
Net D/E	-0.3	-0.1	-0.8	-0.5	-0.0	0.2	-0.2

Returns

	NRDY	CHGG	COUR	UDMY	LRN	ATGE	Median
Name	Nerdy	Chegg	Coursera	Udemy	Stride	Adtalem .
1M Rtn	-16.5%	2.2%	-10.6%	-9.3%	-0.2%	-	-9.3%
3M Rtn	-24.7%	-30.0%	-23.0%	-22.2%	26.4%	-8.1%	-22.6%
6M Rtn	-37.6%	-55.8%	-52.5%	-36.0%	-43.9%	-37.4%	-40.7%
12M Rtn	-44.8%	1.4%	-15.7%	-43.1%	-33.3%	-5.9%	-24.5%
3Y Rtn	-80.7%	-95.9%	-50.3%	-48.4%	114.4%	148.8%	-49.3%
1M Excs Rtn	-8.7%	10.0%	-2.8%	-1.6%	7.5%	-	-1.6%
3M Excs Rtn	-19.6%	-23.8%	-14.4%	-14.9%	35.6%	0.2%	-14.7%
6M Excs Rtn	-33.5%	-50.7%	-46.6%	-30.7%	-38.8%	-32.4%	-36.1%
12M Excs Rtn	-58.8%	-19.8%	-28.7%	-56.3%	-46.0%	-18.1%	-37.3%
3Y Excs Rtn	-139.2%	-156.3%	-106.6%	-107.3%	60.1%	105.0%	-106.9%

FDIC Bank Data

$ Mil \| FY: 12/31	LTM	2025	2024	2023	2022	2021	2020
Period End	12/31/2025	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020
Filing Date	2/26/2026	2/26/2026	2/27/2025	2/27/2024	2/28/2023	2/28/2022	10/25/2021
Key Financials
Total Revenue	179	179	190	193	163	141	104
EBITDA	-54	-54	-63	-51	-84	-87	-12
Operating Income	-62	-62	-70	-58	-91	-93	-18
Net Income	-40	-40	-43	-40	-35	-27	-25
EPS	-0.34	-0.33	-0.38	-0.41	-0.41	-0.05	0.00
Growth Rates
Total Revenue Growth	-5.9%	-5.9%	-1.6%	18.9%	15.6%	35.3%	14.9%
EBITDA Growth	13.3%	13.3%	-23.1%	39.7%	3.2%	-632.1%	22.4%
Operating Income Growth	11.8%	11.8%	-21.8%	36.6%	2.8%	-421.0%	12.7%
Net Income Growth	6.3%	6.3%	-6.0%	-13.5%	-29.5%	-10.8%	-9.9%
Margins
EBITDA Margin	-30.3%	-30.3%	-32.9%	-26.3%	-51.8%	-61.9%	-11.4%
Operating Income Margin	-34.6%	-34.6%	-36.9%	-29.8%	-55.8%	-66.4%	-17.3%
Net Income Margin	-22.3%	-22.3%	-22.4%	-20.8%	-21.8%	-19.4%	-23.7%
Cash & Debt
Total Cash	48	48	53	75	91	144	29
Total Debt	20	20	1	1	2	0	48
Net Debt / (Cash)	-28	-28	-52	-74	-89	-144	18
Cash Flows
Net Cash from Operations	-19	-19	-16	-8	-48	-39	-7
Free Cash from Operations	-24	-24	-22	-14	-53	-44	-10
Returns to Shareholders
Dividends	0	-0	-0	-0	-0	-0	-0
Share Repurchases	-0	-0	-0	-0	-0	-0	-0

$ Mil \| FY: 12/31	2025Q4	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1
Period End	12/31/2025	9/30/2025	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023
Filing Date	2/26/2026	11/6/2025	8/7/2025	5/8/2025	2/27/2025	11/7/2024	8/8/2024	5/7/2024	2/27/2024	11/7/2023	8/8/2023	5/9/2023
Key Financials Quarterly
Total Revenue	49	37	45	48	48	38	51	54	55	40	49	49
Ebitda	-12	-17	-10	-15	-14	-24	-13	-11	-8	-24	-9	-10
Operating Income	-14	-19	-12	-17	-16	-26	-15	-13	-10	-26	-10	-11
Net Income	-9	-12	-8	-10	-10	-16	-9	-7	-6	-12	-3	-19
EPS	-0.08	-0.10	-0.07	-0.09	-0.09	-0.14	-0.08	-0.07	-0.04	-0.13	-0.03	-0.21
Key Financials TTM
Total Revenue TTM	179	178	178	184	190	197	200	198	193	180	172	165
Ebitda TTM	-54	-56	-63	-66	-63	-57	-57	-52	-51	-61	-63	-75
Operating Income TTM	-62	-64	-71	-74	-70	-64	-64	-59	-58	-68	-70	-81
Net Income TTM	-40	-41	-44	-46	-43	-38	-34	-29	-40	-43	-49	-37
Growth Rates Quarterly
Total Revenue Growth	2.3%	-1.4%	-11.2%	-11.4%	-12.9%	-6.9%	4.4%	9.2%	31.8%	26.9%	15.8%	4.8%
EBITDA Growth	14.2%	28.3%	22.9%	-32.0%	-69.3%	0.4%	-52.1%	-14.4%	54.8%	8.3%	57.0%	49.4%
Operating Income Growth	14.7%	25.8%	19.3%	-29.0%	-60.2%	-0.7%	-45.4%	-13.0%	50.2%	7.7%	52.4%	45.0%
Net Income Growth	8.9%	22.7%	13.2%	-41.0%	-79.4%	-29.4%	-175.7%	60.7%	35.2%	33.6%	-137.9%	-12.4%
Margins Quarterly
EBITDA Margin	-25.0%	-46.1%	-22.7%	-30.7%	-29.9%	-63.4%	-26.2%	-20.6%	-15.4%	-59.3%	-18.0%	-19.7%
Operating Income Margin	-28.3%	-51.5%	-27.1%	-34.8%	-34.0%	-68.5%	-29.9%	-23.9%	-18.5%	-63.4%	-21.4%	-23.1%
Net Income Margin	-18.8%	-33.2%	-17.4%	-22.1%	-21.1%	-42.4%	-17.8%	-13.9%	-10.3%	-30.5%	-6.8%	-38.5%
Cash & Debt
Total Cash	48	33	37	45	53	65	70	77	75	84	91	97
Total Debt	20	0	0	0	1	0	0	0	1	0	0	0
Net Debt / (Cash)	-28	-33	-37	-45	-52	-65	-70	-77	-74	-84	-91	-97
Cash Flows Quarterly
FCF from Operations	-3	-2	-7	-6	-11	-3	-6	4	-5	-5	-5	7
Cash Flows TTM
FCF from Operations TTM	-19	-27	-28	-26	-16	-9	-11	-10	-8	-17	-26	-40
Returns to Shareholders Quarterly
Dividends	0	0	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	-9.5%	-13.2%	-8.6%	-11.9%	-11.9%	-19.6%	-11.8%	-10.3%	-8.2%	-21.5%	-9.4%	-10.5%
Return on Invested Capital (ROIC) TTM
ROIC TTM	-10.5%	-11.1%	-12.4%	-13.2%	-12.8%	-12.2%	-12.4%	-11.8%	-11.6%	-14.3%	-15.7%	-18.8%

Segment Financials

Revenue by Segment

$ Mil	2025	2024	2023	2022	2021
Tutoring	190	193
Consumer			141	130
Institutional			19	5
Other			3	6
In-person					7
Online					97
Total	190	193	163	141	104

Net Income by Segment

$ Mil	2025	2024	2023	2022	2021
Tutoring	-67
Total	-67

Price Behavior

Price Behavior

Market Price	$0.81
Market Cap ($ Bil)	0.1
First Trading Date	11/27/2020
Distance from 52W High	-55.5%
	50 Days	200 Days
DMA Price	$0.95	$1.20
DMA Trend	down	down
Distance from DMA	-14.9%	-33.1%
	3M	1YR
Volatility	55.3%	60.3%
Downside Capture	0.86	1.44
Upside Capture	10.73	107.48
Correlation (SPY)	33.2%	42.3%

NRDY Betas & Captures as of 2/28/2026

	1M	2M	3M	6M	1Y	3Y
Beta	1.26	1.48	1.77	1.70	1.34	1.58
Up Beta	3.67	3.88	3.27	3.06	1.51	1.60
Down Beta	0.27	1.14	0.81	0.26	0.67	1.21
Up Capture	68%	45%	67%	133%	137%	236%
Bmk +ve Days	9	20	31	70	142	431
Stock +ve Days	8	14	22	47	101	328
Down Capture	105%	134%	251%	209%	145%	112%
Bmk -ve Days	12	21	30	54	109	320
Stock -ve Days	13	24	36	69	128	383

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Based On 1-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with NRDY
NRDY	-46.5%	60.3%	-0.81	-
Sector ETF (XLK)	21.2%	26.8%	0.69	36.8%
Equity (SPY)	14.8%	19.0%	0.60	42.4%
Gold (GLD)	48.2%	27.7%	1.42	4.1%
Commodities (DBC)	17.5%	17.6%	0.83	2.2%
Real Estate (VNQ)	1.1%	16.4%	-0.11	32.0%
Bitcoin (BTCUSD)	-24.0%	44.3%	-0.49	25.8%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 5-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with NRDY
NRDY	-39.3%	75.8%	-0.31	-
Sector ETF (XLK)	15.1%	24.6%	0.55	29.2%
Equity (SPY)	12.0%	17.0%	0.55	32.8%
Gold (GLD)	20.9%	17.7%	0.97	6.3%
Commodities (DBC)	12.2%	18.8%	0.53	6.8%
Real Estate (VNQ)	3.2%	18.8%	0.07	26.3%
Bitcoin (BTCUSD)	3.9%	56.6%	0.29	19.3%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 10-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with NRDY
NRDY	-22.2%	74.3%	-0.30	-
Sector ETF (XLK)	20.6%	24.3%	0.78	28.7%
Equity (SPY)	13.9%	17.9%	0.67	32.3%
Gold (GLD)	13.4%	15.8%	0.70	6.6%
Commodities (DBC)	8.2%	17.6%	0.38	6.7%
Real Estate (VNQ)	4.8%	20.7%	0.20	25.8%
Bitcoin (BTCUSD)	66.2%	66.9%	1.06	18.4%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date	3132026
Short Interest: Shares Quantity	7.2 Mil
Short Interest: % Change Since 2282026	-16.4%
Average Daily Volume	1.0 Mil
Days-to-Cover Short Interest	7.2 days
Basic Shares Quantity	123.0 Mil
Short % of Basic Shares	5.9%

Returns Analyses

	Title
0	Would You Still Hold Nerdy Stock If It Fell Another 30%?

Earnings Returns History

Expand for More

	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
2/26/2026	3.9%	-1.9%	-13.4%
11/6/2025	-8.0%	-5.3%	51.9%
8/7/2025	-14.7%	-15.3%	-13.3%
5/8/2025	-6.1%	8.0%	9.2%
2/27/2025	-4.4%	1.9%	-8.2%
11/7/2024	-7.3%	-5.6%	84.3%
8/8/2024	-48.1%	-44.6%	-43.3%
5/7/2024	-8.7%	-18.5%	-41.9%
...
SUMMARY STATS
# Positive	5	5	7
# Negative	13	13	11
Median Positive	5.0%	5.8%	30.4%
Median Negative	-14.7%	-15.2%	-13.3%
Max Positive	31.1%	43.4%	84.3%
Max Negative	-48.1%	-44.6%	-43.3%

	Forward Returns
2/26/2026	3.9%	-1.9%	-13.4%
11/6/2025	-8.0%	-5.3%	51.9%
8/7/2025	-14.7%	-15.3%	-13.3%
5/8/2025	-6.1%	8.0%	9.2%
2/27/2025	-4.4%	1.9%	-8.2%
11/7/2024	-7.3%	-5.6%	84.3%
8/8/2024	-48.1%	-44.6%	-43.3%
5/7/2024	-8.7%	-18.5%	-41.9%
2/27/2024	-18.4%	-9.2%	-3.9%
11/7/2023	-17.7%	-15.2%	-5.2%
8/8/2023	-18.8%	-13.9%	-6.4%
5/9/2023	-2.9%	5.8%	0.6%
2/28/2023	31.1%	43.4%	62.9%
11/14/2022	15.3%	3.3%	-10.2%
8/15/2022	5.0%	-24.0%	-21.2%
5/16/2022	-24.9%	-18.3%	30.4%
2/28/2022	1.6%	-11.5%	13.1%
11/15/2021	-21.3%	-22.4%	-31.4%
SUMMARY STATS
# Positive	5	5	7
# Negative	13	13	11
Median Positive	5.0%	5.8%	30.4%
Median Negative	-14.7%	-15.2%	-13.3%
Max Positive	31.1%	43.4%	84.3%
Max Negative	-48.1%	-44.6%	-43.3%

SEC Filings

Expand for More

Report Date	Filing Date	Filing
12/31/2025	02/26/2026	10-K
09/30/2025	11/06/2025	10-Q
06/30/2025	08/07/2025	10-Q
03/31/2025	05/08/2025	10-Q
12/31/2024	02/27/2025	10-K
09/30/2024	11/07/2024	10-Q
06/30/2024	08/08/2024	10-Q
03/31/2024	05/07/2024	10-Q
12/31/2023	02/27/2024	10-K
09/30/2023	11/07/2023	10-Q
06/30/2023	08/08/2023	10-Q
03/31/2023	05/09/2023	10-Q
12/31/2022	02/28/2023	10-K
09/30/2022	11/14/2022	10-Q
06/30/2022	08/15/2022	10-Q
03/31/2022	05/16/2022	10-Q

Recent Forward Guidance [BETA]

Latest: Q4 2025 Earnings Reported 2/26/2026

Forward Guidance				Guidance Change
Metric	Low	Mid	High	% Chg	% Delta	Change	Prior
Q1 2026 Revenue	46.00 Mil	47.00 Mil	48.00 Mil	2.2%		Raised	Guidance: 46.00 Mil for Q4 2025
Q1 2026 Non-GAAP Adjusted EBITDA		0		100.0%		Raised	Guidance: -1.00 Mil for Q4 2025
2026 Revenue	180.00 Mil	185.00 Mil	190.00 Mil	5.1%		Raised	Guidance: 176.00 Mil for 2025
2026 Non-GAAP Adjusted EBITDA		0		100.0%		Raised	Guidance: -20.00 Mil for 2025

Prior: Q3 2025 Earnings Reported 11/6/2025

Forward Guidance				Guidance Change
Metric	Low	Mid	High	% Chg	% Delta	Change	Prior
Q4 2025 Revenue	45.00 Mil	46.00 Mil	47.00 Mil	19.5%		Higher New	Guidance: 38.50 Mil for Q3 2025
Q4 2025 Non-GAAP Adjusted EBITDA Loss	-2.00 Mil	-1.00 Mil	0	-91.7%		Higher New	Guidance: -12.00 Mil for Q3 2025
2025 Revenue	175.00 Mil	176.00 Mil	177.00 Mil	-9.3%		Lowered	Guidance: 194.00 Mil for 2025
2025 Non-GAAP Adjusted EBITDA Loss	-21.00 Mil	-20.00 Mil	-19.00 Mil	33.3%		Lowered	Guidance: -15.00 Mil for 2025

Insider Activity

Expand for More

#	Owner	Title	Holding	Action	Filing Date	Price	Shares	Transacted Value	Value of Held Shares	Form
1	Swenson, Christopher C	Chief Legal Officer	Direct	Sell	12292025	1.33	35,000	46,550	1,935,659	Form
2	Pello, Jason H	Chief Financial Officer	Direct	Sell	12182025	1.20	32,006	38,407	2,035,259	Form
3	Swenson, Christopher C	Chief Legal Officer	Direct	Sell	12182025	1.20	19,204	23,045	1,788,460	Form
4	Cohn, Charles K	Chief Executive Officer	Cohn Family Trust U/A/D 3/16/2017	Buy	12182025	1.22	197,242	240,635	40,097,952	Form
5	Cohn, Charles K	Chief Executive Officer	Cohn Family Trust U/A/D 3/16/2017	Buy	12172025	1.36	174,076	236,743	44,431,108	Form

Collapse to Preview

#	Owner	Title	Holding	Action	Filing Date	Price	Shares	Transacted Value	Value of Held Shares	Form
1	Swenson, Christopher C	Chief Legal Officer	Direct	Sell	12292025	1.33	35,000	46,550	1,935,659	Form
2	Pello, Jason H	Chief Financial Officer	Direct	Sell	12182025	1.20	32,006	38,407	2,035,259	Form
3	Swenson, Christopher C	Chief Legal Officer	Direct	Sell	12182025	1.20	19,204	23,045	1,788,460	Form
4	Cohn, Charles K	Chief Executive Officer	Cohn Family Trust U/A/D 3/16/2017	Buy	12182025	1.22	197,242	240,635	40,097,952	Form
5	Cohn, Charles K	Chief Executive Officer	Cohn Family Trust U/A/D 3/16/2017	Buy	12172025	1.36	174,076	236,743	44,431,108	Form
6	Cohn, Charles K	Chief Executive Officer	Cohn Family Trust U/A/D 3/16/2017	Buy	12162025	1.38	180,353	248,887	44,844,281	Form
7	Cohn, Charles K	Chief Executive Officer	Cohn Family Trust U/A/D 3/16/2017	Buy	12152025	1.38	180,000	248,400	44,595,394	Form
8	Pello, Jason H	Chief Financial Officer	Direct	Sell	12122025	1.39	75,000	104,250	2,401,996	Form
9	Cohn, Charles K	Chief Executive Officer	Cohn Family Trust U/A/D 3/16/2017	Buy	12122025	1.40	174,947	244,926	44,989,704	Form
10	Cohn, Charles K	Chief Executive Officer	Cohn Family Trust U/A/D 3/16/2017	Buy	12112025	1.44	176,215	253,750	46,023,201	Form
11	Cohn, Charles K	Chief Executive Officer	Cohn Family Trust U/A/D 3/16/2017	Buy	12102025	1.33	184,491	245,373	42,273,174	Form
12	Cohn, Charles K	Chief Executive Officer	Cohn Family Trust U/A/D 3/16/2017	Buy	12092025	1.40	177,969	249,157	44,239,790	Form
13	Cohn, Charles K	Chief Executive Officer	Cohn Family Trust U/A/D 3/16/2017	Buy	12082025	1.37	186,930	256,094	43,047,977	Form
14	Cohn, Charles K	Chief Executive Officer	Cohn Family Trust U/A/D 3/16/2017	Buy	12052025	1.31	181,672	238,857	41,066,774	Form
15	Cohn, Charles K	Chief Executive Officer	Cohn Family Investments Trust dtd 5/24/18	Buy	12042025	1.26	198,100	249,606	1,610,925	Form
16	Cohn, Charles K	Chief Executive Officer	Cohn Family Investments Trust dtd 5/24/18	Buy	12032025	1.32	189,000	249,480	1,426,144	Form
17	Cohn, Charles K	Chief Executive Officer	Cohn Family Investments Trust dtd 5/24/18	Buy	12022025	1.32	80,708	106,535	1,176,664	Form
18	Cohn, Charles K	Chief Executive Officer	Cohn Family Trust 5/24/18	Buy	12012025	1.25	144,783	180,979	1,925,384	Form
19	Cohn, Charles K	Chief Executive Officer	Cohn Family Trust 5/24/18	Buy	11282025	1.16	119,242	138,321	1,618,808	Form
20	Cohn, Charles K	Chief Executive Officer	Cohn Family Trust 5/24/18	Buy	11262025	1.05	238,749	250,686	1,340,096	Form
21	Cohn, Charles K	Chief Executive Officer	Cohn Family Trust 5/24/18	Buy	11252025	1.06	187,200	198,432	1,099,785	Form
22	Cohn, Charles K	Chief Executive Officer	Cohn Family Trust U/A/D 3/16/2017	Buy	11252025	1.07	70,010	74,911	33,227,009	Form
23	Cohn, Charles K	Chief Executive Officer	Cohn Family Trust U/A/D 3/16/2017	Buy	11242025	0.98	203,500	199,430	30,363,604	Form
24	Cohn, Charles K	Chief Executive Officer	Cohn Family Trust U/A/D 3/16/2017	Buy	11212025	0.91	270,578	246,226	28,009,590	Form
25	Pello, Jason H	Chief Financial Officer	Direct	Sell	11182025	0.84	43,969	36,934	1,514,566	Form
26	Swenson, Christopher C	Chief Legal Officer	Direct	Sell	11182025	0.84	28,810	24,200	1,268,053	Form
27	Mrva, Gregory		Direct	Sell	11142025	0.89	25,000	22,250	632,782	Form
28	Mrva, Gregory		Direct	Sell	11142025	0.85	25,000	21,250	583,092	Form
29	Swenson, Christopher C	Chief Legal Officer	Direct	Sell	9182025	1.27	18,428	23,404	1,953,764	Form
30	Pello, Jason H	Chief Financial Officer	Direct	Sell	9182025	1.27	30,714	39,007	2,345,720	Form
31	Blunt, Abigail		Direct	Buy	9032025	1.36	25,000	34,000	307,360	Form
32	Swenson, Christopher C	Chief Legal Officer	Direct	Sell	8202025	1.27	37,845	48,063	1,977,168	Form
33	Pello, Jason H	Chief Financial Officer	Direct	Sell	8202025	1.27	52,866	67,140	2,384,727	Form
34	Pello, Jason H	Chief Financial Officer	Direct	Sell	6182025	1.61	29,530	47,543	3,108,272	Form
35	Swenson, Christopher C	Chief Legal Officer	Direct	Sell	6182025	1.61	17,718	28,526	2,567,419	Form
36	Blunt, Abigail		Direct	Buy	5282025	1.60	7,370	11,792	313,600	Form
37	Blunt, Abigail		Direct	Buy	5282025	1.62	5,000	8,100	325,620	Form
38	Pello, Jason H	Chief Financial Officer	Direct	Sell	5202025	1.67	76,794	128,246	3,273,424	Form
39	Swenson, Christopher C	Chief Legal Officer	Direct	Sell	5202025	1.67	53,514	89,368	2,692,688	Form
40	Pello, Jason H	Chief Financial Officer	Direct	Sell	3192025	1.54	31,877	49,091	3,136,869	Form
41	Swenson, Christopher C	Chief Legal Officer	Direct	Sell	3192025	1.54	19,126	29,454	2,565,489	Form
42	Pello, Jason H	Chief Financial Officer	Direct	Sell	3142025	1.51	75,000	113,250	3,123,896	Form
43	Blunt, Abigail		Direct	Buy	3122025	1.51	14,530	21,940	284,831	Form
44	Paszterko, John Andrew	Chief Operating Officer	Direct	Sell	1202026	1.01	18,457	18,642	587,358	Form
45	Pello, Jason H	Chief Financial Officer	Direct	Sell	2182026	0.97	49,814	48,320	2,566,848	Form
46	Swenson, Christopher C	Chief Legal Officer	Direct	Sell	2182026	0.97	32,641	31,662	1,962,060	Form
47	Pello, Jason H	Chief Financial Officer	Direct	Sell	3122026	0.92	75,000	69,000	2,365,536	Form
48	Swenson, Christopher C	Chief Legal Officer	Direct	Sell	3182026	0.90	18,366	16,529	1,803,938	Form
49	Pello, Jason H	Chief Financial Officer	Direct	Sell	3182026	0.90	30,609	27,548	2,286,563	Form

NRDY Trade Sentinel

Stock Conviction

null

Key KPI Watchlist

KPI	Threshold	Rationale

Core Investment Debate

BULL VIEW

CORE TENSION

PREVAILING SENTIMENT

BEAR VIEW

Next 6 months: Risks and Catalysts

Timeline	Event & Metric To Watch

Key Events in Last 6 Months

Date	Event	Stock Impact

Risk Management

Position Sizing

null

Diversification Alternatives

How Is The Market Pricing NRDY?

What will confirm the thesis

What will damage the thesis

Noise: Real but irrelevant to thesis

Repricing Catalyst

What NRDY Makes & Who Pays

TTM figures based on

NRDY Evolution: Price Return by Era

① Structure

② Volume / Momentum

③ Catalyst

Combined Score

0 / 12

1 Price Structure & Trend · ▾

2 Momentum ▾

3 Relative Strength vs. SPY ▾

4 Institutional Footprint & Volume ▾

5 Volatility ▾

6 Key Price Levels Range · Vol ▾

7 Earnings Reaction History ▾

8 How the Verdict Is Derived Three Pillars ▾

Pillar	Score
① Structure	0
② Vol / Mom	0
③ Catalyst	0

ℹ Bull Pillars: 0 · Bear Pillars: 0 · Combined Score: 0 →

Industry Resources

Technology Hardware, Storage & Peripherals Resources

External Quote Links

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7	FinViz

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Nerdy (NRDY)

Market Price (3/31/2026): $0.8105 | Market Cap: $99.7 MilSector: Information Technology | Industry: Technology Hardware, Storage & Peripherals

Nerdy (NRDY)

Market Price (3/31/2026): $0.8105Market Cap: $99.7 MilSector: Information TechnologyIndustry: Technology Hardware, Storage & Peripherals

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

Stock Movement Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

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Return vs. Risk

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How Low Can It Go

In The Past

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About Nerdy (NRDY)

Addressable Market Sizes:

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Interactive Breakdown

Better Bets vs. Nerdy (NRDY)

INDUSTRY: Technology Hardware, Storage & Peripherals

Higher Rev Chg 3Y Avg | Lower P/S (Values for NRDY: 3.8% | 0.6x)

Higher Rev Chg LTM (Value for NRDY: -5.9%)

Higher Rev Chg 3Y Avg (Value for NRDY: 3.8%)

Higher Op Mgn LTM (Value for NRDY: -34.6%)

Higher CFO/Rev LTM (Value for NRDY: -10.5%)

Higher FCF/Rev LTM (Value for NRDY: -13.5%)

Higher Total Yield (Value for NRDY: -40.1%)

SECTOR: Information Technology

Higher Rev Chg 3Y Avg | Lower P/S (Values for NRDY: 3.8% | 0.6x)

Higher Rev Chg LTM (Value for NRDY: -5.9%)

Higher Rev Chg 3Y Avg (Value for NRDY: 3.8%)

Higher Op Mgn LTM (Value for NRDY: -34.6%)

Higher CFO/Rev LTM (Value for NRDY: -10.5%)

Higher FCF/Rev LTM (Value for NRDY: -13.5%)

Higher Total Yield (Value for NRDY: -40.1%)

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for NRDY: 3.8% | 0.6x)

Higher Rev Chg LTM (Value for NRDY: -5.9%)

Higher Rev Chg 3Y Avg (Value for NRDY: 3.8%)

Higher Op Mgn LTM (Value for NRDY: -34.6%)

Higher CFO/Rev LTM (Value for NRDY: -10.5%)

Higher FCF/Rev LTM (Value for NRDY: -13.5%)

Higher Total Yield (Value for NRDY: -40.1%)

Best Bets in Information Technology

P/EBIT (Value for NRDY: -1.6x)

P/E (Value for NRDY: -2.5x)

Rev Chg 3Y Avg (Value for NRDY: 3.8%)

Rev Chg LTM (Value for NRDY: -5.9%)

Rev Chg Q (Value for NRDY: 2.3%)

FCF/Rev 3Y Avg (Value for NRDY: -10.9%)

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Market Price (3/31/2026): $0.8105 | Market Cap: $99.7 Mil
Sector: Information Technology | Industry: Technology Hardware, Storage & Peripherals

Market Price (3/31/2026): $0.8105
Market Cap: $99.7 Mil
Sector: Information Technology
Industry: Technology Hardware, Storage & Peripherals