Nerdy (NRDY) Cost of Revenue (2020 - 2026)

Nerdy's Cost of Revenue history runs 7 years deep, the most recent figure standing at $16.5 million for Q1 2026.

• In Q1 2026, Cost of Revenue fell 17.63% year-over-year to $16.5 million; the TTM figure through Mar 2026 stood at $58.0 million (up 75.92% YoY), while the FY2025 annual figure was $60.1 million, up 51.85% from the prior year.
• Cost of Revenue was $16.5 million for Q1 2026 at Nerdy, up from $14.2 million in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $20.0 million in Q1 2025 to a low of -$13.7 million in Q4 2024.
• Historically, Cost of Revenue has averaged $12.6 million across 5 years, with a median of $14.2 million in 2025.
• The sharpest annual moves came in 2024 and 2025: Cost of Revenue tumbled 186.32% in 2024, then soared 204.15% in 2025.
• A 5-year view of Cost of Revenue shows it stood at $7.7 million in 2022, then surged by 105.51% to $15.8 million in 2023, then sank by 186.32% to -$13.7 million in 2024, then jumped by 204.15% to $14.2 million in 2025, then advanced by 15.78% to $16.5 million in 2026.
• The last three Cost of Revenue figures came in at $16.5 million (Q1 2026), $14.2 million (Q4 2025), and $13.7 million (Q3 2025), per Business Quant data.