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.

• On a quarterly basis, Cost of Revenue fell 17.63% year-over-year to $16.5 million in Q1 2026; TTM through Mar 2026 was $71.7 million, a 69.21% increase from a year earlier, with the FY2025 full-year figure at $75.2 million, up 89.95% from the prior year.
• Cost of Revenue eased to $16.5 million in Q1 2026 per NRDY's latest filing, from $24.1 million in the prior quarter.
• Across five years, Cost of Revenue topped out at $24.1 million in Q4 2025 and bottomed at -$6.2 million in Q4 2024.
• The 5-year median for Cost of Revenue is $14.2 million (2022), against an average of $12.9 million.
• Across the five-year window, Cost of Revenue tumbled 425.09% in 2024 and surged 488.83% in 2025, its largest moves.
• Year by year, Cost of Revenue stood at $7.7 million in 2022, then plunged by 75.24% to $1.9 million in 2023, then tumbled by 425.09% to -$6.2 million in 2024, then jumped by 488.83% to $24.1 million in 2025, then slumped by 31.64% to $16.5 million in 2026.
• Per Business Quant, the three latest NRDY Cost of Revenue figures stand at $16.5 million (Q1 2026), $24.1 million (Q4 2025), and $13.7 million (Q3 2025).