Nerdy (NRDY) Cost of Revenue (2020 - 2026)
Nerdy's Cost of Revenue came in at $15.25 million for Q2 2026, down 12.5% from $17.42 million a year earlier and down 7.4% from the prior quarter.
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Analysis
Nerdy (NRDY) Cost of Revenue (2020 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Nerdy reported Cost of Revenue of $69.51 million, up 7.7% year-over-year; for FY2025, it came in at $75.21 million, up 21.6% from FY2024.
- Cost of Revenue has increased in each of the last six years, with a five-year compound annual growth rate of 16.6% (FY2020 to FY2025).
- Going back by year, Cost of Revenue was $61.84 million in FY2024 (+8.6%), $56.95 million in FY2023 (+14.5%), $49.73 million in FY2022 (+6.5%) and $46.7 million in FY2021 (+34.1%).
- The five-year range for quarterly Cost of Revenue is $9.84 million (Q3 2022) to $24.08 million (Q4 2025).
- Year-over-year, Cost of Revenue increased in four of the last eight quarters, with growth averaging 7.6%.
- The fastest year-over-year change in Cost of Revenue over five years came in Q4 2025 (growth of 50.0%), and the weakest in Q1 2026 (a decline of 17.6%).
- Business Quant data shows NRDY's Cost of Revenue at $16.46 million (Q1 2026), $24.08 million (Q4 2025) and $13.72 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Bryn | 945.00 Bn | 945.00 Bn | - | - |
| 2 | Veeva Systems | 44.24 Bn | 16.49 Bn | 695.95 Mn | 232.01 Mn |
| 3 | Samsara | 24.06 Bn | 20.83 Bn | 392.58 Mn | 115.86 Mn |
| 4 | Toast | 17.18 Bn | 9.85 Bn | 516.00 Mn | 1.39 Bn |
| 5 | Ptc | 15.95 Bn | 14.76 Bn | 490.47 Mn | 109.58 Mn |
| 6 | Duolingo | 13.49 Bn | 8.67 Bn | 216.74 Mn | 81.71 Mn |
| 7 | Trimble | 13.41 Bn | 12.48 Bn | 674.90 Mn | 297.10 Mn |
| 8 | Manhattan Associates | 11.90 Bn | 10.90 Bn | 168.33 Mn | 129.46 Mn |
| 9 | Costar | 11.09 Bn | 5.06 Bn | 728.00 Mn | 197.00 Mn |
| 10 | Nerdy | 98.36 Mn | -56.70 Mn | 27.98 Mn | 15.25 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 |
API Access
Nerdy Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=NRDY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "NRDY", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=NRDY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();