Consumer was Nerdy’s largest revenue line in fiscal 2025, bringing in $452.21M of $536.96M (84%).
| Concentration Risk Benchmark | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|
| Consumer | $422.46M | $475.96M | $462.69M | $452.21M | ||
| Institutional | $57.16M | $101.45M | $105.83M | $82.82M | ||
| Other | $8.37M | $2.79M | $2.17M | $1.94M | ||
| Total | $488.00M | $580.20M | $570.69M | $536.96M |
Nerdy brought in $536.96M from its three revenue lines in fiscal 2025, the year ended December 31, 2025. That was down 5.9% from $570.69M in fiscal 2024. Consumer was the largest at $452.21M (84.2%), ahead of Institutional at $82.82M (15.4%) and Other at $1.94M (0.4%).
Compared with fiscal 2024, Consumer fell 2.3% to $452.21M and Institutional fell 21.7% to $82.82M. From fiscal 2022 to 2025, combined revenue from these revenue lines grew from $488.00M to $536.96M, a compound annual growth rate of 3.2%. Consumer's share of the total fell from 86.6% to 84.2%.
Online was Nerdy’s largest product and service line in fiscal 2019, bringing in $193.13M of $271.36M (71%).
| Product and Service | FY 2019 |
|---|---|
| Online | $193.13M |
| In-Person | $78.22M |
| Total | $271.36M |
Nerdy brought in $271.36M from its two product and service lines in fiscal 2019, the year ended December 31, 2019. Online was the largest at $193.13M (71.2%), ahead of In-Person at $78.22M (28.8%).
Nerdy (NRDY) reports its revenue by concentration risk benchmark and by product and service. In fiscal 2025, Consumer was its largest revenue line, bringing in $452.21M (84.2% of the total), followed by Institutional at $82.82M (15.4%).
Consumer was Nerdy's largest revenue line in fiscal 2025, bringing in $452.21M, or 84.2% of the $536.96M total across its three revenue lines.
Online was Nerdy's largest product and service line in fiscal 2019, bringing in $193.13M, or 71.2% of the $271.36M total across its two product and service lines.
Every figure comes from Nerdy's annual financial filings, as reported. Each line keeps the name Nerdy gives it, and years follow its fiscal calendar.
Nerdy's revenue by concentration risk benchmark goes back to fiscal 2020, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.