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How NERDY INC. makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$179M · 100%Cost of revenue$75.2M · 42%Gross profit$104M · 58%Operating income−$61.9M · −35%Income before tax−$60.8M · −34%Income tax$159000 · 0%Net income−$39.9M · −22%As of 2025-12-31 · 2 SEC filing sourcesBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$179M100%
  • 10-K · FY 2025Filing detailsAccession 0001819404-26-000015 · filed Feb 26, 2026
Cost of revenue$75.2M42%
  • 10-K · FY 2025Filing detailsAccession 0001819404-26-000015 · filed Feb 26, 2026
$104M58%
  • 10-K · FY 2025Filing detailsAccession 0001819404-26-000015 · filed Feb 26, 2026
−$61.9M−35%
  • 10-K · FY 2025Filing detailsAccession 0001819404-26-000015 · filed Feb 26, 2026
Income before tax−$60.8M−34%
  • 10-K · FY 2025Filing detailsAccession 0001819404-26-000015 · filed Feb 26, 2026
Income tax$1590000%
  • 10-K · FY 2025Filing detailsAccession 0001819404-26-000015 · filed Feb 26, 2026
−$39.9M−22%
  • 10-K · FY 2025Filing detailsAccession 0001819404-26-000015 · filed Feb 26, 2026
Source:
  • 10-K · FY 2025Filing detailsAccession 0001819404-26-000015 · filed Feb 26, 2026
· event Dec 31, 2025 · retrieved Sep 4, 2026 · annual-row source set
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