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Nerdy NRDY Business Segments — Product and development expense

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Other financials

Income statement

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Revenue$48.7M+2.4%
Gross profit$32.3M+16.9%
Operating income-$5.8M+65.0%
Net income-$4.1M+61.2%
EPS (diluted)-$0.03+66.7%

Balance sheet

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Cash & equivalents$44.7M-0.8%
Total debt$19.5M
Total equity$19.3M-43.9%
Total assets$73.0M-12.1%

Cash flow

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Operating cash flow-$1.8M+72.4%
CapEx$1.2M+0.6%
Free cash flow-$3.0M+61.1%

Valuation

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Market cap$123.95M-34.5%
Enterprise value$98.7M
P/S0.7×-0.4×

Profitability

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Gross margin60.2%-4.7pp
Operating margin-28.4%-6.4pp
Net margin-18.6%-3.7pp
FCF margin-10.9%-3.0pp

Returns & leverage

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Return on equity-124.8%+29.8pp
Debt / equity
Current ratio2.4×+0.4×

Where this comes from

Reported directly by Nerdy in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The official record: Nerdy’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Nerdy's business segments — product and development expense?
Nerdy (NRDY) reported business segments — product and development expense of $9.18M in Q1 2026.
How has Nerdy's business segments — product and development expense changed year-over-year?
Nerdy's business segments — product and development expense decreased by 14.5% year-over-year, from $10.73M to $9.18M.
What is the long-term trend for Nerdy's business segments — product and development expense?
Over 3 years (2022 to 2025), Nerdy's business segments — product and development expense has grown at a 4.6% compound annual growth rate (CAGR), from $36.1M to $41.34M.
What does business segments — product and development expense mean?
Reflects the costs incurred for research, engineering, and design efforts dedicated to enhancing the tutoring platform's technology and user experience. This investment is critical for maintaining a competitive advantage through AI-driven features and platform scalability.