Nerdy Inc. (NRDY) Financial Statements (2024 and earlier)

Company Profile

Business Address 8001 FORSYTH BLVD., SUITE 1050
ST. LOUIS, MO 63105
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 82 - Educational Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments74,82490,715143,964534
Cash and cash equivalents74,82490,715143,964534
Receivables15,39811,5965,321 
Prepaid expense    278
Other current assets4,8155,3456,165 
Total current assets:95,037107,656155,450812
Noncurrent Assets
Property, plant and equipment16,38812,50410,718 
Intangible assets, net (including goodwill)8,7789,29110,145 
Goodwill5,7175,7175,717 
Intangible assets, net (excluding goodwill)3,0613,5744,428 
Asset, held-in-trust    450,006
Other noncurrent assets4,5413,241832 
Total noncurrent assets:29,70725,03621,695450,006
TOTAL ASSETS:124,744132,692177,145450,818
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,4433,1993,590534
Accounts payable3,4433,1993,590 
Accrued liabilities    534
Deferred revenue20,48025,53930,005 
Derivative instruments and hedges, liabilities    59,537
Other liabilities11,6828,5937,473 
Due to related parties 841 
Total current liabilities:35,60537,33141,90960,071
Noncurrent Liabilities
Liabilities, other than long-term debt3,53314,31139,431 
Other liabilities3,53314,31139,431 
Other undisclosed noncurrent liabilities    15,750
Total noncurrent liabilities:3,53314,31139,43115,750
Total liabilities:39,13851,64281,34075,821
Temporary equity, carrying amount    450,006
Equity
Equity, attributable to parent, including:52,47746,92850,663(75,009)
Additional paid in capital567,709522,031490,220 
Accumulated other comprehensive income (loss)31(12)136 
Accumulated deficit(515,281)(475,107)(439,708)(75,010)
Other undisclosed equity, attributable to parent1816151
Equity, attributable to noncontrolling interest33,12934,12245,142 
Total equity:85,60681,05095,805(75,009)
TOTAL LIABILITIES AND EQUITY:124,744132,692177,145450,818

Income Statement (P&L) ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenues193,399162,665140,664 
Cost of revenue
(Cost of Goods and Services Sold)
(56,952)(49,732)(46,700) 
Gross profit:136,447112,93393,964 
Operating expenses(194,018)(203,742)(190,418) 
Other undisclosed operating loss    (33,323)
Operating loss:(57,571)(90,809)(96,454)(33,323)
Nonoperating income (expense)19(183)(8,552)6
Investment income, nonoperating    6
Other nonoperating income (expense)19(183)(8,552) 
Interest and debt expense   3,326 
Loss from continuing operations before equity method investments, income taxes:(57,552)(90,992)(101,680)(33,317)
Other undisclosed income (loss) from continuing operations before income taxes(10,008)27,10371,041 
Loss from continuing operations before income taxes:(67,560)(63,889)(30,639)(33,317)
Income tax expense(109)(19)(40) 
Loss from continuing operations:(67,669)(63,908)(30,679)(33,317)
Loss before gain (loss) on sale of properties:(30,679)(33,317)
Net loss:(67,669)(63,908)(30,679)(33,317)
Net income attributable to noncontrolling interest27,49528,5093,354 
Other undisclosed net income attributable to parent   23,546 
Net loss available to common stockholders, diluted:(40,174)(35,399)(3,779)(33,317)

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Net loss:(67,669)(63,908)(30,679)(33,317)
Other undisclosed comprehensive income (loss)74(266)(26) 
Comprehensive loss:(67,595)(64,174)(30,705)(33,317)
Comprehensive income, net of tax, attributable to noncontrolling interest27,46428,6273,372 
Other undisclosed comprehensive income, net of tax, attributable to parent   23,533 
Comprehensive loss, net of tax, attributable to parent:(40,131)(35,547)(3,800)(33,317)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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