v3.25.3

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2025	Sep. 30, 2024	Sep. 30, 2025	Sep. 30, 2024
Income Statement [Abstract]
Revenue	$ 37,019	$ 37,530	$ 129,877	$ 142,241
Cost of revenue	13,723	11,077	51,128	45,786
Gross Profit	23,296	26,453	78,749	96,455
Sales and marketing expenses	16,563	20,315	45,906	53,244
General and administrative expenses	25,815	31,862	80,798	97,017
Operating Loss	(19,082)	(25,724)	(47,955)	(53,806)
Interest income	(357)	(768)	(1,184)	(2,533)
Other (income) expense, net	(4)	(27)	0	8
Loss before Income Taxes	(18,721)	(24,929)	(46,771)	(51,281)
Income tax expense	35	29	137	90
Net Loss	(18,756)	(24,958)	(46,908)	(51,371)
Net loss attributable to noncontrolling interests	(6,469)	(9,058)	(16,228)	(18,932)
Net Loss Attributable to Class A Common Stockholders	$ (12,287)	$ (15,900)	$ (30,680)	$ (32,439)
Loss per share of Class A Common Stock:
Basic (in dollars per share)	$ (0.10)	$ (0.14)	$ (0.26)	$ (0.29)
Diluted (in dollars per share)	$ (0.10)	$ (0.14)	$ (0.26)	$ (0.29)
Weighted-Average Shares of Class A Common Stock Outstanding:
Basic (in shares)	121,666	113,287	120,091	110,267
Diluted (in shares)	121,666	113,287	120,091	110,267

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://www.xbrl.org/2003/role/exampleRef
-Topic 815
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Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
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Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
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-URI https://asc.fasb.org/1943274/2147476153/220-40-55-4

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
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-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
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-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 6: 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

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476148/220-40-50-6

Nerdy Inc. 10-Q