Nerdy
Delivers AI-enhanced live tutoring and classes to consumers and education systems.
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Profile
Learning Memberships serve consumers, while institutional solutions reach schools and education systems through the Varsity Tutors platform. The model combines human expertise and AI-enabled tools across live online learning experiences.
Learning Memberships provide consumers with live online instruction across one-on-one tutoring, small-group tutoring, large-format classes, chat, essay review, adaptive assessments, and self-study tools. Varsity Tutors is the flagship platform for these formats across a range of subjects.
Institutional delivery extends this offering to schools and other education systems through Varsity Tutors for Schools. The public parent combines its consumer and institutional businesses following a 2021 business combination.
Product development layers AI into the live-learning model through lesson-plan creation, chat tutoring, and Live + AI tools for teachers, administrators, and students. The product stance pairs human expertise with AI rather than replacing human instruction.
Company facts
Key statistics
Year to date −32.9% · Average volume (30d) 31.3K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Target |
|---|---|---|---|---|---|
| Nov 7, 2025 | Cantor Fitzgerald | Reiterate | Neutral | $1 | |
| Nov 11, 2024 | JP Morgan | Downgrade | Neutral | Underweight | |
| Nov 8, 2024 | JMP Securities | Downgrade | Market Outperform | Market Perform | |
| Nov 8, 2024 | Cantor Fitzgerald | Downgrade | Overweight | Neutral |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q2 FY26 | −$0.05 | −$0.04 | +20.0% | $43.0M | $43.3M | +0.7% | −10.28% |
| May 7, 2026Q1 FY26 | −$0.05 | −$0.03 | +40.0% | $47.3M | $48.7M | +3.0% | −1.97% |
| Feb 26, 2026Q4 FY25 | −$0.06 | −$0.08 | −33.3% | $45.8M | $49.1M | +7.2% | +3.95% |
| Nov 6, 2025Q3 FY25 | −$0.16 | −$0.10 | +37.5% | $45.8M | $37.0M | −19.1% | −7.98% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $47.6M | $45.3M | $37.0M | $49.1M | $48.7M | $43.2M | |
| Gross profit | $27.6M | $27.8M | $23.3M | $25.0M | $32.0M | $28.0M | |
| Operating income | −$16.6M | −$12.3M | −$19.1M | −$13.9M | $1.8M | −$6.5M | |
| Net income | −$10.5M | −$7.9M | −$12.3M | −$9.2M | −$4.1M | −$4.7M | |
| Diluted EPS | −$1.33 | −$0.99 | −$1.50 | −$1.13 | −$0.49 | −$0.60 | |
| Gross margin | 58.0% | 61.5% | 62.9% | 51.0% | 65.6% | 64.7% | |
| Operating margin | -34.8% | -27.1% | -51.5% | -28.3% | 3.7% | -15.0% |
Fiscal years (4-quarter sums)FY21 $140.7M · FY22 $162.7M · FY23 $193.4M · FY24 $190.2M · FY25 $179.0M
Balance sheet, Jun 30, 2026Cash & short-term investments $38.4M · Total debt $19.6M · Total assets $64.6M · Shareholders' equity $17.3M
Dividends
No dividends on record.
Ownership
Shares outstanding 8.15M · Float 2.63M · 32.2% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Technology Crossover Management VIII, Ltd. | 1.37M | 14.20% | 13D | Aug 21, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 16, 2026 | Christopher C. Swenson | officer: Chief Legal Officer | −22,707 | $0.8300 |
| Jul 16, 2026 | Kyle Callaway | officer: Chief Accounting Officer | −13,377 | $0.8300 |
| Jul 16, 2026 | John Andrew Paszterko | officer: Chief Operating Officer | −31,034 | $0.8300 |
| Jul 16, 2026 | Atul Madan Mohan Bagga | officer: Chief Financial Officer | −36,426 | $0.8300 |
| Jun 16, 2026 | Christopher C. Swenson | officer: Chief Legal Officer | −20,153 | $0.8800 |
Peers
- Chegg
AI-driven student support and academic-skills learning
- Stride
Virtual K-12 schools and technology-enabled instructional services
- Pearson (ADR)
US virtual schools, district partnerships, courseware, and AI study tools
- Coursera
Global online learning for consumers and enterprise customers
- Duolingo
AI-enabled language lessons and simulated speaking practice
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Nerdy | $10.32 | +0.58% | $84.1M | — | — | 0.5 | −4.3% |
| Chegg | $0.8500 | +0.83% | $94.5M | — | — | 0.4 | −50.7% |
| Stride | $87.00 | +0.24% | $3.69B | 12.2 | 11.3 | 1.5 | −2.7% |
| Pearson (ADR) | $16.73 | 0.00% | $10.04B | 23.9 | — | 2.0 | — |
| Coursera | $6.47 | −0.08% | $1.19B | — | 8.3 | 1.3 | +59.6% |
| Duolingo | $146.86 | −0.13% | $6.85B | 17.6 | 54.6 | 6.0 | +18.3% |
| Median | 17.6 | 11.3 | 1.5 | +7.8% |







