v3.25.1

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Income Statement [Abstract]
Revenue	$ 47,595	$ 53,727
Cost of revenue	19,984	17,212
Gross Profit	27,611	36,515
Sales and marketing expenses	15,785	17,392
General and administrative expenses	28,411	31,976
Operating Loss	(16,585)	(12,853)
Interest income	(462)	(886)
Other expense, net	0	25
Loss before Income Taxes	(16,123)	(11,992)
Income tax expense	28	23
Net Loss	(16,151)	(12,015)
Net loss attributable to noncontrolling interests	(5,655)	(4,569)
Net Loss Attributable to Class A Common Stockholders	$ (10,496)	$ (7,446)
Loss per share of Class A Common Stock:
Basic (in dollars per share)	$ (0.09)	$ (0.07)
Diluted ( in dollars per share)	$ (0.09)	$ (0.07)
Weighted-Average Shares of Class A Common Stock Outstanding:
Basic (in shares)	118,456	107,951
Diluted (in shares)	118,456	107,951

The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(2)(d))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(2)(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 924
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479941/924-10-S99-1

Nerdy Inc. 10-Q