Nerdy Inc.
For the period ended Sep 30, 2026. Filed Nov 9, 2026.
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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, 2026 · Filed Nov 9, 2026
NRDY$5.80-16.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows (Unaudited)
| Nine Months EndedSeptember 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash Flows From Operating Activities | ||
| Net Loss | $(25,828) | $(46,908) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Non-cash stock-based compensation expense | 11,679 | 21,973 |
| Depreciation & amortization | 2,165 | 5,540 |
| Amortization of intangibles | 326 | 468 |
| Amortization of deferred financing fees | 387 | — |
| Non-cash loss on abandonment of business lines | 3,276 | — |
| Other | — | 69 |
| Other changes in operating assets and liabilities: | ||
| Decrease in accounts receivable, net | 1,797 | 839 |
| Decrease (increase) in other current assets | 1,742 | (578) |
| Decrease in other assets | 157 | 748 |
| Increase in accounts payable | 1,647 | 3,041 |
| (Decrease) increase in deferred revenue | (8,564) | 171 |
| Increase (decrease) in other current liabilities | 373 | (239) |
| Decrease in other liabilities | (246) | (1,037) |
| Net Cash Used in Operating Activities | (11,089) | (15,913) |
| Cash Flows From Investing Activities | ||
| Capital expenditures | (4,050) | (4,051) |
| Net Cash Used In Investing Activities | (4,050) | (4,051) |
| Cash Flows From Financing Activities | ||
| Proceeds from term loan | 10,000 | — |
| Payments of deferred financing fees | (250) | — |
| Net Cash Provided By (Used In) Financing Activities | 9,750 | — |
| Effect of Exchange Rate Change on Cash, Cash Equivalents, and Restricted Cash | 29 | 1 |
| Net Decrease in Cash, Cash Equivalents, and Restricted Cash | (5,360) | (19,963) |
| Cash, Cash equivalents, and Restricted Cash, Beginning of Year | 47,895 | 52,673 |
| Cash, Cash Equivalents, and Restricted Cash, End of Period | $42,535 | $32,710 |
| Supplemental Cash Flow Information | ||
| Non-cash stock-based compensation included in capitalized internal-use software | $348 | $789 |
| Purchase of fixed assets included in accounts payable | 3 | — |
| Cash paid for interest | 1,636 | — |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.