Nerdy Inc. (NRDY) financial statements (2022 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
SIC 7372 - Prepackaged Software (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments143,964534
Cash and cash equivalents143,964534
Receivables5,321 
Prepaid expense 278
Other current assets6,165 
Total current assets:155,450812
Noncurrent Assets
Property, plant and equipment10,718 
Intangible assets, net (including goodwill)10,145 
Goodwill5,717 
Intangible assets, net (excluding goodwill)4,428 
Assets held-in-trust 450,006
Other noncurrent assets832 
Total noncurrent assets:21,695450,006
TOTAL ASSETS:177,145450,818
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,590534
Accounts payable3,590 
Accrued liabilities 534
Deferred revenue30,005 
Derivative instruments and hedges, liabilities 59,537
Due to related parties841 
Other liabilities7,473 
Total current liabilities:41,90960,071
Noncurrent Liabilities
Liabilities, other than long-term debt39,431 
Other liabilities39,431 
Other undisclosed noncurrent liabilities 15,750
Total noncurrent liabilities:39,43115,750
Total liabilities:81,34075,821
Temporary equity, carrying amount 450,006
Stockholders' equity
Stockholders' equity attributable to parent, including:50,663(75,009)
Additional paid in capital490,220 
Accumulated other comprehensive income136 
Accumulated deficit(439,708)(75,010)
Other undisclosed stockholders' equity attributable to parent151
Stockholders' equity attributable to noncontrolling interest45,142 
Total stockholders' equity:95,805(75,009)
TOTAL LIABILITIES AND EQUITY:177,145450,818

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

12/31/2021
12/31/2020
Revenues140,664 
Cost of revenue
(Cost of Goods and Services Sold)
(46,700) 
Gross profit:93,964 
Operating expenses(190,418) 
Other undisclosed operating loss (33,323)
Operating loss:(96,454)(33,323)
Nonoperating income (expense)(8,552)6
Investment income, nonoperating 6
Other nonoperating expense(8,552) 
Interest and debt expense3,326 
Loss from continuing operations before equity method investments, income taxes:(101,680)(33,317)
Other undisclosed income from continuing operations before income taxes71,041 
Loss from continuing operations before income taxes:(30,639)(33,317)
Income tax expense(40) 
Net loss:(30,679)(33,317)
Net income attributable to noncontrolling interest3,354 
Other undisclosed net income attributable to parent23,546 
Net loss available to common stockholders, diluted:(3,779)(33,317)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
Net loss:(30,679)(33,317)
Other undisclosed comprehensive loss(26) 
Comprehensive loss:(30,705)(33,317)
Comprehensive income, net of tax, attributable to noncontrolling interest3,372 
Other undisclosed comprehensive income, net of tax, attributable to parent23,533 
Comprehensive loss, net of tax, attributable to parent:(3,800)(33,317)

Statements sources

The financial statements are based on the company's filings with the 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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