Nerdy (NRDY)
Delivers AI-enhanced live tutoring and classes to consumers and education systems.
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Learning Memberships serve consumers, while institutional solutions reach schools and education systems through the Varsity Tutors platform. The model combines human expertise and AI-enabled tools across live online learning experiences.
Learning Memberships provide consumers with live online instruction across one-on-one tutoring, small-group tutoring, large-format classes, chat, essay review, adaptive assessments, and self-study tools. Varsity Tutors is the flagship platform for these formats across a range of subjects.
Institutional delivery extends this offering to schools and other education systems through Varsity Tutors for Schools. The public parent combines its consumer and institutional businesses following a 2021 business combination.
Product development layers AI into the live-learning model through lesson-plan creation, chat tutoring, and Live + AI tools for teachers, administrators, and students. The product stance pairs human expertise with AI rather than replacing human instruction.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Nov 7, 2025 | Cantor Fitzgerald | Reiterate | Rating: —Target: — | Target: $1 |
| Nov 11, 2024 | JP Morgan | Downgrade | ||
| Nov 8, 2024 | JMP Securities | Downgrade | ||
| Nov 8, 2024 | Cantor Fitzgerald | Downgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $38.4M · Total debt $19.6M · Total assets $64.6M · Shareholders' equity $17.3M
- Revenue
- $43.2M
- Operating income
- −$6.5M
- Net income
- −$4.7M
No dividends on record.
| Institutions | 8.29% | 1.06M shares | |
|---|---|---|---|
| 84 holders · as of Jun 30, 2026 | |||
| Insiders | 4.96% | 633.5K shares | |
| 7 holders · as of Sep 15, 2026 | |||
| Other | 86.75% | 11.08M shares | |
| remainder | |||
12.77M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Two share counts disagree (12.77M in the company's Sep 22, 2026 report, 8.15M elsewhere); stakes use the report.
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Technology Crossover Management VIII, Ltd.Institution | 2.06% | 3.95M A | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 1.31% | 2.50M A | as of Jun 30, 2026 |
Charles K. CohnInsiderdirector, 10 percent owner, officer: Chief Executive Officer | 1.29% | 65,221 A · 100,000 B | filed Jun 16, 2026 |
Christopher C. SwensonInsiderofficer: Chief Legal Officer | 1.27% | 162,850 A | filed Sep 15, 2026 |
John Andrew PaszterkoInsiderofficer: Chief Operating Officer | 0.90% | 114,581 A | filed Jul 20, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 11, 2026 | Christopher C. Swenson | officer: Chief Legal Officer | −1,741 | $9.05 |
| Jul 16, 2026 | Christopher C. Swenson | officer: Chief Legal Officer | −22,707 | $0.8300 |
| Jul 16, 2026 | Kyle Callaway | officer: Chief Accounting Officer | −13,377 | $0.8300 |
| Jul 16, 2026 | John Andrew Paszterko | officer: Chief Operating Officer | −31,034 | $0.8300 |
| Jul 16, 2026 | Atul Madan Mohan Bagga | officer: Chief Financial Officer | −36,426 | $0.8300 |
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- Duolingo
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Nerdy | $8.81 | −0.45% | $72.1M | — | — | 0.4 | −4.3% |
| Chegg | $0.7353 | +2.13% | $80.6M | — | — | 0.3 | −50.7% |
| Stride | $78.73 | −0.97% | $3.38B | 11.1 | 10.3 | 1.3 | −2.7% |
| Pearson (ADR) | $15.95 | +0.28% | $9.55B | 23.8 | — | 2.0 | +4.8% |
| Coursera | $5.15 | −0.19% | $947.5M | — | 6.6 | 1.1 | +59.6% |
| Duolingo | $146.57 | −1.91% | $6.96B | 17.9 | 54.5 | 6.1 | +18.3% |
| Median | 17.9 | 10.3 | 1.3 | +4.8% |