Filing Flows › Nerdy (NRDY) › Q4 2024
Nerdy (NRDY) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Feb 27, 2025
Nerdy (NRDY) reported revenue of $48.0M for the fourth quarter 2024 (Q4 2024), -13% from a year earlier and +28% from the quarter before. Operating margin was -34.0%, net loss $15.8M (32.9% of revenue).
Nerdy, Q4 2024: revenue $48.0M (-13% year over year), operating margin -34.0%, net loss $15.8M, operating cash flow −$11.3M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $48.0M | +28% | -13% |
| Operating profit | −$16.3M | — | — |
| Net earnings | −$15.8M | — | — |
| Operating cash flow | −$11.3M | — | — |
What changed
Revenue was $48.0M in Q4 2024, down 13% year over year and up 28% from the previous quarter.
Gross margin was 66.6%, down 4.7 points from a year earlier. Operating costs exceeded revenue by $16.3M, an operating margin of -34.0%. Operating expenses fell 2% while revenue fell 13%. The quarter ended with a net loss of $15.8M, narrower than the previous quarter's $25.0M loss. Minority interests bore $5.6M of it: to shareholders the quarter was a loss of $10.1M.
Operating cash flow was −$11.3M. Non-cash charges added back $359K of depreciation and amortization and $8.9M of share-based compensation. Working capital and other items used $4.8M. Capital expenditures of $1.2M exceeded it, leaving free cash flow of −$12.5M.
Questions
What was Nerdy's revenue in the fourth quarter 2024?
Nerdy (NRDY) reported revenue of $48.0M for the fourth quarter 2024 (Q4 2024), -13% from a year earlier and +28% from the quarter before.
Was Nerdy profitable in the fourth quarter 2024?
Operating loss was $16.3M (-34.0% of revenue) and net loss $15.8M.
Source: Nerdy 10-K on SEC EDGAR.