Nerdy (NRDY) Gross Margin (2020 - 2026)
Nerdy (NRDY) recorded quarterly Gross Margin of 66.22% in Q1 2026, up 29.93% quarter-over-quarter from 50.97% in Q4 2025, and up 821.0% on a YoY basis from 7.19% in Q1 2025.
Nerdy (NRDY) Gross Margin (2020 - 2026) Analysis & Trends
Nerdy's Gross Margin history runs 7 years deep, the most recent figure standing at 66.22% for Q1 2026.
- In Q1 2026, Gross Margin rose 821.0% year-over-year to 66.22%; the TTM figure through Mar 2026 stood at 60.2% (down 470.0% YoY), while the FY2025 annual figure was 57.98%, down 951.0% from the prior year.
- Gross Margin was 66.22% for Q1 2026 at Nerdy, up from 50.97% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 72.43% in Q3 2023 to a low of 50.97% in Q4 2025.
- Historically, Gross Margin has averaged 66.49% across 5 years, with a median of 68.16% in 2022.
- The sharpest annual moves came in 2025 and 2026: Gross Margin plunged 1559 bps in 2025, then surged 821 bps in 2026.
- A 5-year view of Gross Margin shows it stood at 70.54% in 2022, then climbed by 1 bps to 71.29% in 2023, then slipped by 7 bps to 66.55% in 2024, then fell by 23 bps to 50.97% in 2025, then advanced by 30 bps to 66.22% in 2026.
- The last three Gross Margin figures came in at 66.22% (Q1 2026), 50.97% (Q4 2025), and 62.93% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | 72.98% |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | - |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 89.96% |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | 48.77% |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 76.92% |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 85.65% |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 75.07% |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | 48.28% |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 89.20% |
| 10 | Nerdy | 105.50 Mn | 70.44 Mn | 32.27 Mn | 66.22% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 66.22% |
| Dec 31, 2025 | 50.97% |
| Sep 30, 2025 | 62.93% |
| Jun 30, 2025 | 61.51% |
| Mar 31, 2025 | 58.01% |
| Dec 31, 2024 | 66.55% |
| Sep 30, 2024 | 70.48% |
| Jun 30, 2024 | 65.68% |
| Mar 31, 2024 | 67.96% |
| Dec 31, 2023 | 71.29% |
| Sep 30, 2023 | 72.43% |
| Jun 30, 2023 | 69.82% |
| Mar 31, 2023 | 68.91% |
| Dec 31, 2022 | 70.54% |
| Sep 30, 2022 | 69.03% |
| Jun 30, 2022 | 68.16% |
| Mar 31, 2022 | 69.84% |
| Dec 31, 2021 | 68.21% |
| Sep 30, 2021 | 66.01% |
| Jun 30, 2021 | 64.88% |