Risk factors
Nerdy (NRDY) risk factors
Item 1A of every Nerdy Inc. 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.
- FY2025 10-K risk factors55 risks7 new5 dropped11 reworded
Nerdy added a new $50 million Term Loan with Hercules, creating debt covenants, liquidity requirements, and financial servicing risks.
Filed Feb 26, 2026 - FY2024 10-K risk factors53 risks
Nerdy relies heavily on attracting and retaining students and experts for its online learning platform. The company faces ongoing net losses, reporting $67,142 thousand in 2024. Operations depend on seasonal school schedules and scaling school district partnerships. Heavy use of independent contractors and AI technologies creates regulatory and legal exposure.
Filed Feb 27, 2025