Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $90.5M | $104M | $141M | $163M | $193M | $190M | $179M |
| Revenue growth | — | 14.9% | 35.3% | 15.6% | 18.9% | -1.6% | -5.9% |
| Gross profit | $59.6M | $69.1M | $94.0M | $113M | $136M | $128M | $104M |
| Gross margin | 65.9% | 66.5% | 66.8% | 69.4% | 70.6% | 67.5% | 58.0% |
| Operating income | -$20.5M | -$17.9M | -$96.5M | -$90.8M | -$57.6M | -$70.1M | -$61.9M |
| Operating margin | -22.7% | -17.3% | -68.6% | -55.8% | -29.8% | -36.9% | -34.6% |
| Net income | $0.00 | $0.00 | -$3.78M | -$35.4M | -$40.2M | -$42.6M | -$39.9M |
| Net margin | 0.0% | 0.0% | -2.7% | -21.8% | -20.8% | -22.4% | -22.3% |
| EPS (diluted) | $0.00 | $0.00 | -$0.05 | -$0.41 | -$0.41 | -$0.38 | -$0.33 |
| Fiscal year | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -$16.3M | -$6.65M | -$38.9M | -$48.0M | -$7.56M | -$15.6M | -$18.8M |
| Capital expenditures | $6.36M | $2.87M | $5.16M | $5.32M | $6.89M | $6.86M | $5.37M |
| Free cash flow | -$22.7M | -$9.53M | -$44.1M | -$53.3M | -$14.4M | -$22.5M | -$24.2M |
| Fiscal year | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Cash & equivalents | $25.0M | $29.3M | $144M | $90.7M | $74.8M | $52.5M | $47.9M |
| Total assets | $0.00 | $57.3M | $177M | $133M | $125M | $92.5M | $76.2M |
| Total liabilities | $8.59K | $76.9M | $81.3M | $51.6M | $39.1M | $31.4M | $47.2M |
| Long-term debt | — | $41.0M | $0.00 | — | — | $0.00 | $19.3M |
| Shareholders' equity | $0.00 | -$398M | $50.7M | $46.9M | $52.5M | $39.5M | $19.0M |
| Retained earnings | $16.8M | -$412M | -$440M | -$475M | -$515M | -$558M | -$598M |
| Shares (wtd avg diluted) | — | — | 79.2M | 85.9M | 97.2M | 112M | 121M |
Every figure is extracted from Nerdy Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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