Nerdy (NRDY) Operating Expenses (2020 - 2026)
Nerdy (NRDY) posted Operating Expenses of $34.5 million for Q2 2026, down 9.49% on a QoQ basis from $38.1 million in Q1 2026, and down 14.13% year-over-year from $40.1 million in Q2 2025.
Analysis
Nerdy (NRDY) Operating Expenses (2020 - 2026) Analysis & Trends
Nerdy has reported Operating Expenses for 7 years, with the latest figure at $34.5 million in Q2 2026.
- On a quarterly basis, Operating Expenses fell 14.13% year-over-year to $34.5 million in Q2 2026; TTM through Jun 2026 was $153.8 million, a 16.72% decrease from a year earlier, with the FY2025 full-year figure at $165.6 million, down 16.55% from the prior year.
- Operating Expenses was $34.5 million for Q2 2026 at Nerdy, down from $38.1 million in the prior quarter.
- The five-year high for Operating Expenses was $54.7 million in Q3 2023, with the low at $34.5 million in Q2 2026.
- Average Operating Expenses over 5 years is $46.4 million, with a median of $48.5 million recorded in 2024.
- The largest YoY upside for Operating Expenses was 92.1% in 2022 against a maximum downside of 36.95% in 2022.
- Over 5 years, Operating Expenses stood at $49.9 million in 2022, then retreated by 0.95% to $49.4 million in 2023, then dropped by 2.44% to $48.2 million in 2024, then slipped by 19.28% to $38.9 million in 2025, then dropped by 11.5% to $34.5 million in 2026.
- The last three Operating Expenses figures came in at $34.5 million (Q2 2026), $38.1 million (Q1 2026), and $38.9 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Duolingo | 14.45 Bn | 13.13 Bn | 216.74 Mn | 182.80 Mn |
| 2 | Youdao | 3.62 Bn | 3.50 Bn | 105.66 Mn | -89.22 Mn |
| 3 | Coursera | 1.59 Bn | 604.41 Mn | 173.40 Mn | 258.10 Mn |
| 4 | Docebo | 712.07 Mn | 666.36 Mn | 54.53 Mn | 51.95 Mn |
| 5 | 51Talk Online Education | 344.94 Mn | 309.51 Mn | 22.97 Mn | -24.40 Mn |
| 6 | iHuman | 124.70 Mn | -34.09 Mn | 17.68 Mn | -19.15 Mn |
| 7 | Nerdy | 119.95 Mn | 90.19 Mn | 27.98 Mn | 34.46 Mn |
| 8 | Chegg | 94.28 Mn | 21.96 Mn | 28.28 Mn | 31.46 Mn |
| 9 | Skillsoft | 60.79 Mn | -57.58 Mn | 78.61 Mn | 102.80 Mn |
| 10 | Sunlands Technology | 39.07 Mn | 38.85 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 34.46 Mn |
| Mar 31, 2026 | 38.07 Mn |
| Dec 31, 2025 | 38.94 Mn |
| Sep 30, 2025 | 42.38 Mn |
| Jun 30, 2025 | 40.13 Mn |
| Mar 31, 2025 | 44.20 Mn |
| Dec 31, 2024 | 48.24 Mn |
| Sep 30, 2024 | 52.18 Mn |
| Jun 30, 2024 | 48.72 Mn |
| Mar 31, 2024 | 49.37 Mn |
| Dec 31, 2023 | 49.45 Mn |
| Sep 30, 2023 | 54.74 Mn |
| Jun 30, 2023 | 44.57 Mn |
| Mar 31, 2023 | 45.26 Mn |
| Dec 31, 2022 | 49.92 Mn |
| Sep 30, 2022 | 49.60 Mn |
| Jun 30, 2022 | 50.76 Mn |
| Mar 31, 2022 | 53.46 Mn |
| Dec 31, 2021 | 52.22 Mn |
| Sep 30, 2021 | 78.68 Mn |