Nerdy, Inc.
NRDY-WT
New York Stock Exchange0.81
USD
+0.02
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Nerdy, Inc.
NRDY-WT
(New York Stock Exchange)
Recent
price
0.81
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Nerdy, Inc. operates as an education technology company primarily through its flagship brand, Varsity Tutors, providing a comprehensive online platform for live learning. The company offers a diversified suite of educational products and services including live one-on-one tutoring, instant tutoring for immediate homework help, large group classes, and self-study resources. Its platform leverages advanced technology and artificial intelligence, including AI-enabled tools such as an AI-Generated Lesson Plan Creator, AI-Generated Chat Tutoring, and proprietary AI features like Tutor Copilot to enhance personalized learning experiences across K-12, college, graduate, and professional segments. Nerdy serves learners of all ages primarily in the United States but with expanding global reach through strategic integrations like the European GoStudent platform. Founded in 2007 and headquartered in St. Louis, Missouri, Nerdy has built a network of vetted experts delivering instruction in over 3,000 subjects. Recent strategic developments include the launch of its Live + AI™ platform that combines expert tutoring with AI capabilities to reduce administrative workload and enrich instructional quality. The company signed the White House "Investing in AI Education" pledge, committing to a multi-year initiative to expand AI-driven education tools nationwide. In 2024 and 2025, Nerdy undertook significant operational changes including a 16% reduction in headcount, closed a $50 million delayed-draw term loan facility, and improved its adjusted EBITDA margin substantially. Financially, the company projects full-year 2025 revenue in the range of $191.5 to $200 million despite some year-over-year revenue declines linked to platform overhaul delays. CEO Charles Cohn made notable insider stock purchases reflecting confidence in the company’s long-term growth. Nerdy continues to focus on institutional growth with increasing contracts from school districts while enhancing its consumer offerings through AI-enhanced learning memberships aiming for profitability by late 2025. Nerdy’s business model centers on a robust two-sided network connecting learners with educators using a sophisticated matching algorithm and a platform that supports live video, interactive tools, and real-time feedback. The company targets K-12 students, college students, professionals seeking upskilling, and institutions including school districts, with products spanning personalized tutoring, group classes, instant help, and rich self-study materials. Its recent expansion into AI-enabled educational technology and institutional sales, combined with its historical legacy and public listing on the NYSE under ticker NRDY, position Nerdy as a leading player in the rapidly evolving digital education market.