Nerdy Valuation Multiples

Nerdy Overview

About Nerdy

Nerdy Inc provides a platform for live online learning, with a mission to transform the way people learn through technology. The company's proprietary platform leverages technology, including AI, to connect learners with instructors across a wide range of subjects and formats, including subscription-based learning, one-on-one instruction, small group tutoring, large-format classes, and assessments. Its flagship business operates under the Varsity Tutors brand. The company's offerings are available directly to students and consumers, as well as through schools and other institutions.

Founded

2021

HQ

Employees

600

Website

nerdy.com

Sectors

Consumer MarketplacesEducation & TrainingLearning PlatformsVertical MarketplacesConsumer SaaSEduTech

Financials (LTM)

Revenue: $180M

EBITDA: ($14M)

EV

$67M

Valuation Multiples

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Nerdy Financials

Nerdy reported last 12-month revenue of $180M and negative EBITDA of ($14M).

In the same LTM period, Nerdy generated $110M in gross profit, ($14M) in EBITDA losses, and had net loss of ($37M).

Nerdy P&L

In the most recent fiscal year, Nerdy reported revenue of $179M and EBITDA of ($18M).

Nerdy expects next 12-month revenue of XXX and NTM EBITDA of XXX

Nerdy Stock Performance

Nerdy has current market cap of $119M, and enterprise value of $67M.

Nerdy's stock price is $0.96.

Nerdy Valuation Multiples

Nerdy trades at 0.4x EV/Revenue multiple, and (4.9x) EV/EBITDA.

Nerdy Financial Valuation Multiples

As of April 4, 2026, Nerdy has market cap of $119M and EV of $67M.

Equity research analysts estimate Nerdy's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Nerdy has a P/E ratio of (3.2x).

Nerdy Margins & Growth Rates

Nerdy's revenue in the last 12 month grew by 3%.

Nerdy's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.3M for the same period.

Nerdy's rule of 40 is 2% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Nerdy's rule of X is 5% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Nerdy Public Comps

See public comps and valuation multiples for other Consumer Marketplaces and Education & Training comps.

Nerdy M&A Activity

Nerdy acquired XXX companies to date.

Last acquisition by Nerdy was on XXXXXXXX, XXXXX. Nerdy acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

Nerdy Investment Activity

Nerdy invested in XXX companies to date.

Nerdy made its latest investment on XXXXXXXX, XXXXX. Nerdy invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).