Nerdy Inc. (NRDY) intrinsic value & 10-year financials
Nerdy Inc. (NRDY) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 8 fiscal years revenue grew 12.1% a year to $179.0M, with an average return on invested capital of 292.2%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $6.17
- Market cap
- $745.5M
- Revenue (FY2025)
- $179.0M
- Revenue growth (8-yr CAGR)
- 12.1%
- ROIC (10-yr avg)
- 292.2%
- Free cash flow (FY2025)
- -$24.2M
NRDY 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $179.0M | -$39.9M | -$0.33 | -$24.2M | -34.6% | 681.4% |
| FY2024 | $190.2M | -$42.6M | -$0.38 | -$22.5M | -36.9% | 472.7% |
| FY2023 | $193.4M | -$40.2M | -$0.41 | -$14.4M | -29.8% | 189.0% |
| FY2022 | $162.7M | -$35.4M | -$0.41 | -$53.3M | -55.8% | 134.3% |
| FY2021 | $140.7M | -$3.8M | -$0.05 | -$44.1M | -68.6% | 275.6% |
| FY2020 | $104.0M | $0 | $0.00 | -$3.4M | -0.6% | 0.0% |
| FY2019 | $90.5M | $0 | $0.00 | -$22.7M | -22.7% | — |
| FY2018 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Nerdy Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Nerdy Inc. has earned high returns on invested capital, averaging 25.1% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
Nerdy Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Nerdy Inc. is modeled at 12.1% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-9.28 per share.