Latest Ratios: P/E Ratio -2.8x · EV/EBITDA N/A · ROE -88.7%. (2019–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Market Cap | $111M | $126M | $181M | $333M | $193M | $357M | $931M | — |
| Enterprise Value | $83M | $97M | $129M | $260M | $104M | $213M | $949M | — |
| P/E Ratio → | -2.76 | — | — | — | — | — | — | — |
| P/S Ratio | 0.62 | 0.70 | 0.95 | 1.72 | 1.19 | 2.53 | 8.95 | — |
| P/B Ratio | 3.80 | 4.34 | 2.96 | 3.89 | 2.38 | 3.72 | — | — |
| P/FCF | — | — | — | — | — | — | — | — |
| P/OCF | — | — | — | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.54 | 0.68 | 1.34 | 0.64 | 1.52 | 9.13 | — |
| EV / EBITDA | — | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 57.3% | 57.3% | 67.5% | 70.6% | 69.4% | 66.8% | 66.5% | 65.9% |
| Operating Margin | -19.3% | -19.3% | -36.9% | -29.8% | -55.8% | -68.6% | -17.3% | -22.7% |
| Net Profit Margin | -22.3% | -22.3% | -22.4% | -20.8% | -21.8% | -19.4% | -23.7% | -24.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| ROE | -88.7% | -88.7% | -58.0% | -48.2% | -40.0% | -28.5% | — | — |
| ROA | -47.3% | -47.3% | -39.2% | -31.2% | -22.9% | -23.3% | -42.5% | -38.2% |
| ROIC | -525.9% | -525.9% | -486.9% | -2179.6% | — | — | — | — |
| ROCE | -60.3% | -60.3% | -91.5% | -62.4% | -78.8% | -122.0% | -59.1% | -54.4% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.67 | 0.67 | 0.02 | 0.02 | 0.02 | 0.01 | — | — |
| Debt / EBITDA | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | -0.99 | -0.84 | -0.86 | -1.10 | -1.49 | — | — |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — | — | — |
| Interest Coverage | — | — | — | — | — | -24.65 | -3.66 | -9.68 |
Net cash position: cash ($48M) exceeds total debt ($19M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.27 | 2.27 | 2.28 | 2.67 | 2.88 | 3.71 | 0.92 | 1.34 |
| Quick Ratio | 2.27 | 2.27 | 2.28 | 2.67 | 2.88 | 3.71 | 0.92 | 1.34 |
| Cash Ratio | 1.87 | 1.87 | 1.85 | 2.10 | 2.43 | 3.44 | 0.85 | 1.19 |
| Asset Turnover | — | 2.35 | 2.06 | 1.55 | 1.23 | 0.79 | 1.82 | 1.54 |
| Inventory Turnover | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 11.50 | 14.07 | 29.06 | 26.02 | 13.81 | 1.67 | 3.06 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Shares Outstanding | — | $121M | $112M | $97M | $86M | $79M | $84M | $85M |
Persistent cash burn trajectory
As reported in recent financial filings, NRDY trades at a price-to-sales multiple of 0.63, a valuation level that appears to reflect significant market skepticism regarding the company's ability to return to top-line growth while navigating the ongoing transition toward a recurring membership-based revenue model.
The current P/S multiple suggests that investors are heavily discounting the company's future revenue potential, likely due to the recent negative growth trajectory. This valuation gap relative to higher-growth SaaS peers implies that the market is pricing NRDY as a distressed asset rather than a scalable platform business.
Based on historical quarterly data, NRDY's return on invested capital has frequently dipped into deep negative territory, with a recent reading of -174.9% in 2025Q3, indicating that the company is currently destroying shareholder value rather than compounding it through its core tutoring operations.
The extreme volatility in ROIC suggests that the company's capital allocation has not yet yielded a sustainable competitive advantage. Investors should monitor whether management can stabilize these returns as they pivot away from high-touch transactional models toward more efficient, recurring membership structures.
According to recent SEC filings, NRDY's asset turnover ratio has remained consistently low, hovering around 0.50 to 0.65, which suggests that the company's asset base is not being utilized effectively to generate meaningful revenue relative to the scale of its platform infrastructure.
The low asset turnover, combined with erratic DSO trends, implies that the company faces challenges in optimizing its working capital cycle. This inefficiency may be exacerbated by the transition to institutional contracts, which often carry longer payment cycles than the consumer-facing side of the business.
As reported in quarterly financial statements, NRDY's debt-to-equity ratio has risen to 0.67 in 2026Q1, signaling a shift toward debt financing to support operations as the company continues to grapple with persistent operating losses and a tightening liquidity buffer.
While the debt load remains manageable in absolute terms, the emergence of interest-bearing obligations in a period of negative operating margins warrants close monitoring. The company's ability to service this debt will depend heavily on its success in achieving positive EBITDA, which remains elusive under the current cost structure.
The most commonly misapplied metric for NRDY is the standard P/S ratio, which obscures the underlying volatility of the company's transition from transactional tutoring to a membership model and fails to account for the significant non-cash expenses like stock-based compensation that mask true cash burn.
Analysts should instead focus on adjusted free cash flow and the stability of the active membership base to gauge the true health of the business. Relying on headline revenue multiples may lead to an inaccurate assessment of the company's path to profitability, as it ignores the high variable costs inherent in the tutor-led delivery model.
Includes 30+ ratios · 7 years · Updated daily
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Quick answers to the most common questions about buying NRDY stock.
Nerdy, Inc.'s current P/E ratio is -2.8x. This places it at the 50th percentile of its historical range.
Nerdy, Inc.'s return on equity (ROE) is -88.7%. The historical average is -52.7%.
Based on historical data, Nerdy, Inc. is trading at a P/E of -2.8x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Nerdy, Inc. has 57.3% gross margin and -19.3% operating margin.