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Nerdy NRDY Operating margin

Operating margin at other companies

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15.8%-0.6pp
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-27.9%-12.3pp
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DuolingoDUOL
14.2%+5.6pp
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CourseraCOUR
-11.4%-1.7pp
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13.5%-1.1pp
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BRCBRCC
-4.3%

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
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

Calculated from Nerdy’s reported figures.

Based on trailing twelve months.

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 operating margin?
Nerdy (NRDY) reported operating margin of -28.4% in Q1 2026.
How has Nerdy's operating margin changed year-over-year?
Nerdy's operating margin increased by 29.3% year-over-year, from -40.1% to -28.4%.
What is the long-term trend for Nerdy's operating margin?
Over 5 years (2020 to 2025), Nerdy's operating margin has grown at a 20.0% compound annual growth rate (CAGR), from -13.9% to -34.6%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.