Nerdy Inc.
For the period ended Sep 30, 2025. Filed Nov 6, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 6, 2025
NRDY$5.80-16.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Stockholders’ Equity (Unaudited)
| As Of and For The Three Months EndedSeptember 30, | As Of and For The Nine Months EndedSeptember 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Class A Common Stock | ||||
| Beginning and end of period | 12 | 11 | $12 | $11 |
| Class B Common Stock | ||||
| Beginning and end of period | 6 | 7 | 6 | 7 |
| Additional Paid-In Capital | ||||
| Beginning of period | 607,974 | 583,948 | 597,308 | 567,709 |
| Non-cash stock-based compensation | 7,099 | 10,069 | 22,762 | 33,224 |
| Conversion of combined interests into Class A common stock | — | 135 | — | 976 |
| Rebalancing of ownership percentage between controlling and the noncontrolling interests | (2,350) | (3,190) | (7,347) | (10,947) |
| End of period | 612,723 | 590,962 | 612,723 | 590,962 |
| Accumulated Deficit | ||||
| Beginning of period | (576,259) | (531,820) | (557,866) | (515,281) |
| Net loss | (12,287) | (15,900) | (30,680) | (32,439) |
| End of period | (588,546) | (547,720) | (588,546) | (547,720) |
| Accumulated Other Comprehensive Income | ||||
| Beginning of period | 94 | 26 | 19 | 31 |
| Foreign currency translation adjustments | (17) | 42 | 58 | 37 |
| End of period | 77 | 68 | 77 | 68 |
| Total Stockholders’ Equity Excluding Noncontrolling Interests | 24,272 | 43,328 | 24,272 | 43,328 |
| Noncontrolling Interests | ||||
| Beginning of period | 16,913 | 30,378 | 21,634 | 33,129 |
| Net loss | (6,469) | (9,058) | (16,228) | (18,932) |
| Non-cash stock-based compensation | — | 79 | — | 289 |
| Foreign currency translation adjustments | (9) | 24 | 32 | 21 |
| Conversion of combined interests into Class A common stock | — | (135) | — | (976) |
| Rebalancing of ownership percentage between controlling and the noncontrolling interests | 2,350 | 3,190 | 7,347 | 10,947 |
| End of period | 12,785 | 24,478 | 12,785 | 24,478 |
| Total Stockholders’ Equity | 37,057 | 67,806 | $37,057 | $67,806 |
| Class A Common Stock - Shares | ||||
| Beginning of period | 121,027 | 112,245 | 117,699 | 106,416 |
| Activity under stock compensation plans | 1,346 | 2,227 | 4,674 | 6,130 |
| Conversion of combined interests into Class A common stock | — | 500 | — | 2,426 |
| End of period | 122,373 | 114,972 | 122,373 | 114,972 |
| Class B Common Stock - Shares | ||||
| Beginning of period | 64,395 | 65,427 | 64,395 | 67,256 |
| Activity under stock compensation plans | — | 16 | — | 113 |
| Conversion of combined interests into Class A common stock | — | (500) | — | (2,426) |
| End of period | 64,395 | 64,943 | 64,395 | 64,943 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.