Nerdy (NRDY) Gross Margin (2020 - 2026)
Nerdy (NRDY) posted Gross Margin of 64.73% for Q2 2026, down 2.25% on a QoQ basis from 66.22% in Q1 2026, and up 322.0% year-over-year from 15.34% in Q2 2025.
Analysis
Nerdy (NRDY) Gross Margin (2020 - 2026) Analysis & Trends
Nerdy has reported Gross Margin for 7 years, with the latest figure at 64.73% in Q2 2026.
- On a quarterly basis, Gross Margin rose 322.0% year-over-year to 64.73% in Q2 2026; TTM through Jun 2026 was 60.97%, a 285.0% decrease from a year earlier, with the FY2025 full-year figure at 57.98%, down 951.0% from the prior year.
- Gross Margin was 64.73% for Q2 2026 at Nerdy, down from 66.22% in the prior quarter.
- The five-year high for Gross Margin was 72.43% in Q3 2023, with the low at 50.97% in Q4 2025.
- Average Gross Margin over 5 years is 66.39%, with a median of 68.06% recorded in 2022.
- The sharpest annual moves came in 2025 and 2026: Gross Margin tumbled 1559 bps in 2025, then soared 821 bps in 2026.
- Over 5 years, Gross Margin stood at 70.54% in 2022, then grew by 1 bps to 71.29% in 2023, then dropped by 7 bps to 66.55% in 2024, then retreated by 23 bps to 50.97% in 2025, then climbed by 27 bps to 64.73% in 2026.
- The last three Gross Margin figures came in at 64.73% (Q2 2026), 66.22% (Q1 2026), and 50.97% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Duolingo | 14.45 Bn | 13.13 Bn | 216.74 Mn | 72.62% |
| 2 | Youdao | 3.62 Bn | 3.50 Bn | 105.66 Mn | 48.87% |
| 3 | Coursera | 1.59 Bn | 604.41 Mn | 173.40 Mn | 58.07% |
| 4 | Docebo | 712.07 Mn | 666.36 Mn | 54.53 Mn | 79.44% |
| 5 | 51Talk Online Education | 344.94 Mn | 309.51 Mn | 22.97 Mn | 73.66% |
| 6 | iHuman | 124.70 Mn | -34.09 Mn | 17.68 Mn | 66.84% |
| 7 | Nerdy | 119.95 Mn | 90.19 Mn | 27.98 Mn | 64.73% |
| 8 | Chegg | 94.28 Mn | 21.96 Mn | 28.28 Mn | 54.55% |
| 9 | Skillsoft | 60.79 Mn | -57.58 Mn | 78.61 Mn | 83.19% |
| 10 | Sunlands Technology | 39.07 Mn | 38.85 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 64.73% |
| 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% |