Nerdy Inc. (NRDY) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
101 S. HANLEY RD., SUITE 300 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)
| 6/30/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 90,715 | 143,964 | 534 | |||
| Cash and cash equivalents | 90,715 | 143,964 | 534 | |||
| Receivables | 11,596 | 5,321 | ||||
| Prepaid expense | 278 | |||||
| Other current assets | 5,345 | 6,165 | ||||
| Total current assets: | 107,656 | 155,450 | 812 | |||
| Noncurrent Assets | ||||||
| Property, plant and equipment | 12,504 | 10,718 | ||||
| Intangible assets, net (including goodwill) | 9,291 | 10,145 | ||||
| Goodwill | 5,717 | 5,717 | ||||
| Intangible assets, net (excluding goodwill) | 3,574 | 4,428 | ||||
| Asset, held-in-trust | 450,006 | |||||
| Other noncurrent assets | 3,241 | 832 | ||||
| Total noncurrent assets: | 25,036 | 21,695 | 450,006 | |||
| TOTAL ASSETS: | 132,692 | 177,145 | 450,818 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities | 3,199 | 3,590 | 534 | |||
| Accounts payable | 3,199 | 3,590 | ||||
| Accrued liabilities | 534 | |||||
| Deferred revenue | 25,539 | 30,005 | ||||
| Derivative instruments and hedges, liabilities | 59,537 | |||||
| Due to related parties | 841 | |||||
| Other liabilities | 8,593 | 7,473 | ||||
| Total current liabilities: | 37,331 | 41,909 | 60,071 | |||
| Noncurrent Liabilities | ||||||
| Liabilities, other than long-term debt | 14,311 | 39,431 | ||||
| Other liabilities | 14,311 | 39,431 | ||||
| Other undisclosed noncurrent liabilities | 15,750 | |||||
| Total noncurrent liabilities: | 14,311 | 39,431 | 15,750 | |||
| Total liabilities: | 51,642 | 81,340 | 75,821 | |||
| Temporary equity, carrying amount | 450,006 | |||||
| Equity | ||||||
| Equity, attributable to parent, including: | 46,928 | 50,663 | (75,009) | |||
| Additional paid in capital | 522,031 | 490,220 | ||||
| Accumulated other comprehensive income (loss) | (12) | 136 | ||||
| Accumulated deficit | (475,107) | (439,708) | (75,010) | |||
| Other undisclosed equity, attributable to parent | 16 | 15 | 1 | |||
| Equity, attributable to noncontrolling interest | 34,122 | 45,142 | ||||
| Total equity: | 81,050 | 95,805 | (75,009) | |||
| TOTAL LIABILITIES AND EQUITY: | 132,692 | 177,145 | 450,818 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | ||
|---|---|---|---|---|---|
| Revenues | 162,665 | 140,664 | |||
| Cost of revenue (Cost of Goods and Services Sold) | (49,732) | (46,700) | |||
| Gross profit: | 112,933 | 93,964 | |||
| Operating expenses | (203,742) | (190,418) | |||
| Other undisclosed operating loss | (33,323) | ||||
| Operating loss: | (90,809) | (96,454) | (33,323) | ||
| Nonoperating income (expense) | (183) | (8,552) | 6 | ||
| Investment income, nonoperating | 6 | ||||
| Other nonoperating expense | (183) | (8,552) | |||
| Interest and debt expense | 3,326 | ||||
| Loss from continuing operations before equity method investments, income taxes: | (90,992) | (101,680) | (33,317) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 27,103 | 71,041 | |||
| Loss from continuing operations before income taxes: | (63,889) | (30,639) | (33,317) | ||
| Income tax expense | (19) | (40) | |||
| Loss from continuing operations: | (63,908) | (30,679) | (33,317) | ||
| Loss before gain (loss) on sale of properties: | ✕ | (30,679) | (33,317) | ||
| Net loss: | (63,908) | (30,679) | (33,317) | ||
| Net income attributable to noncontrolling interest | 28,509 | 3,354 | |||
| Other undisclosed net income attributable to parent | 23,546 | ||||
| Net loss available to common stockholders, diluted: | (35,399) | (3,779) | (33,317) | ||
Comprehensive Income ($ in thousands)
| 6/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | ||
|---|---|---|---|---|---|
| Net loss: | (63,908) | (30,679) | (33,317) | ||
| Other undisclosed comprehensive income (loss) | (266) | (26) | |||
| Comprehensive loss: | (64,174) | (30,705) | (33,317) | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 28,627 | 3,372 | |||
| Other undisclosed comprehensive income, net of tax, attributable to parent | 23,533 | ||||
| Comprehensive loss, net of tax, attributable to parent: | (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.