Nerdy (NRDY) Cost of Revenue (2020 - 2026)
Nerdy (NRDY) posted Cost of Revenue of $15.2 million for Q2 2026, down 7.38% on a QoQ basis from $16.5 million in Q1 2026, and down 12.48% year-over-year from $17.4 million in Q2 2025.
Analysis
Nerdy (NRDY) Cost of Revenue (2020 - 2026) Analysis & Trends
Nerdy has reported Cost of Revenue for 7 years, with the latest figure at $15.2 million in Q2 2026.
- On a quarterly basis, Cost of Revenue fell 12.48% year-over-year to $15.2 million in Q2 2026; TTM through Jun 2026 was $69.5 million, a 7.71% increase from a year earlier, with the FY2025 full-year figure at $75.2 million, up 21.62% from the prior year.
- Cost of Revenue was $15.2 million for Q2 2026 at Nerdy, down from $16.5 million in the prior quarter.
- The five-year high for Cost of Revenue was $24.1 million in Q4 2025, with the low at $9.8 million in Q3 2022.
- Average Cost of Revenue over 5 years is $15.3 million, with a median of $15.3 million recorded in 2023.
- The sharpest annual moves came in 2025 and 2026: Cost of Revenue soared 50.02% in 2025, then slipped 17.63% in 2026.
- Over 5 years, Cost of Revenue stood at $12.3 million in 2022, then rose by 28.42% to $15.8 million in 2023, then advanced by 1.5% to $16.1 million in 2024, then jumped by 50.02% to $24.1 million in 2025, then tumbled by 36.68% to $15.2 million in 2026.
- The last three Cost of Revenue figures came in at $15.2 million (Q2 2026), $16.5 million (Q1 2026), and $24.1 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Duolingo | 14.45 Bn | 13.13 Bn | 216.74 Mn | 81.71 Mn |
| 2 | Youdao | 3.62 Bn | 3.50 Bn | 105.66 Mn | 110.53 Mn |
| 3 | Coursera | 1.59 Bn | 604.41 Mn | 173.40 Mn | 125.20 Mn |
| 4 | Docebo | 712.07 Mn | 666.36 Mn | 54.53 Mn | 14.12 Mn |
| 5 | 51Talk Online Education | 344.94 Mn | 309.51 Mn | 22.97 Mn | 8.21 Mn |
| 6 | iHuman | 124.70 Mn | -34.09 Mn | 17.68 Mn | 8.77 Mn |
| 7 | Nerdy | 119.95 Mn | 90.19 Mn | 27.98 Mn | 15.25 Mn |
| 8 | Chegg | 94.28 Mn | 21.96 Mn | 28.28 Mn | 23.57 Mn |
| 9 | Skillsoft | 60.79 Mn | -57.58 Mn | 78.61 Mn | 15.89 Mn |
| 10 | Sunlands Technology | 39.07 Mn | 38.85 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 15.25 Mn |
| Mar 31, 2026 | 16.46 Mn |
| Dec 31, 2025 | 24.08 Mn |
| Sep 30, 2025 | 13.72 Mn |
| Jun 30, 2025 | 17.42 Mn |
| Mar 31, 2025 | 19.98 Mn |
| Dec 31, 2024 | 16.05 Mn |
| Sep 30, 2024 | 11.08 Mn |
| Jun 30, 2024 | 17.50 Mn |
| Mar 31, 2024 | 17.21 Mn |
| Dec 31, 2023 | 15.81 Mn |
| Sep 30, 2023 | 11.11 Mn |
| Jun 30, 2023 | 14.74 Mn |
| Mar 31, 2023 | 15.29 Mn |
| Dec 31, 2022 | 12.31 Mn |
| Sep 30, 2022 | 9.84 Mn |
| Jun 30, 2022 | 13.43 Mn |
| Mar 31, 2022 | 14.15 Mn |
| Dec 31, 2021 | 13.36 Mn |
| Sep 30, 2021 | 10.64 Mn |