Filing Flows › Nerdy (NRDY) › Q1 2025
Nerdy (NRDY) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Nerdy (NRDY) reported revenue of $47.6M for the first quarter 2025 (Q1 2025), -11% from a year earlier and -0.8% from the quarter before. Operating margin was -34.8%, net loss $16.2M (33.9% of revenue).
Nerdy, Q1 2025: revenue $47.6M (-11% year over year), operating margin -34.8%, net loss $16.2M, operating cash flow −$6.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $47.6M | -0.8% | -11% |
| Operating profit | −$16.6M | — | — |
| Net earnings | −$16.2M | — | — |
| Operating cash flow | −$6.4M | — | — |
What changed
Revenue was $47.6M in Q1 2025, down 11% year over year and down 1% from the previous quarter.
Gross margin was 58.0%, down 10.0 points from a year earlier. Operating costs exceeded revenue by $16.6M, an operating margin of -34.8%. Operating expenses fell 10% while revenue fell 11%. The quarter ended with a net loss of $16.2M, wider than the previous quarter's $15.8M loss. Minority interests bore $5.7M of it: to shareholders the quarter was a loss of $10.5M.
Operating cash flow was −$6.4M. Non-cash charges added back $324K of depreciation and amortization and $7.6M of share-based compensation. Working capital and other items added $1.8M. Capital expenditures of $1.2M exceeded it, leaving free cash flow of −$7.6M.
Questions
What was Nerdy's revenue in the first quarter 2025?
Nerdy (NRDY) reported revenue of $47.6M for the first quarter 2025 (Q1 2025), -11% from a year earlier and -0.8% from the quarter before.
Was Nerdy profitable in the first quarter 2025?
Operating loss was $16.6M (-34.8% of revenue) and net loss $16.2M.
Source: Nerdy 10-Q on SEC EDGAR.