← BackNerdy Inc. · Educational ServicesNRDY
High riskNext report: Nov 9 (confirmed)
The short versionA company still losing money with steady sales, with elevated risk. Institutions are trimming.
Watch out for
- Share count growing 12.1% a year (dilution)
- Losing money, losses are large next to sales
- Debt above equity: 1.02x
Money moves
- Insiders sold $34K in the last 30 days
- Institutions cut 28% from their holdings in the quarter ending June 2026 (47 bought, 54 sold)
Facts from SEC filings, not a recommendation.
The business over time
Last 12 quarters, from SEC filings
Sales, Jun '26$43.2M-4.5% vs a year earlier
Sep '23Tap a barJun '26
Last 12 months: $178.1M, down 0.2% from the 12 months before. Over 5 years, sales grew about 12% a year.
Business quality
The checklist Warren Buffett-style investors use. Annual numbers for 2025.- MissReturn on equity 15%+Earns a lot on the money owners have in the business.-136.5%
- MissDebt under half of equityNot relying on borrowed money.1.02x equity
- MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-22.3%
- MissProfitable every yearSteady profits, not one good year.0 of 7 years
- MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$24.2M
- MissShare count not growingNot diluting owners. Falling means buybacks.+40.7% in 3 years
- PassGross margin 40%+Pricing power: sells for well above what it costs to make.58.0%
- Revenue
- $179.0M
- -5.9% vs prior year
- 5-year growth
- +11.5%/yr
- revenue, per year
- Total debt
- $19.3M
- 1.02x equity
- Current ratio
- 2.27x
- short-term assets / bills due
From annual reports filed with the SEC. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026- Revenue
- $43.2M
- -4.5% YoY
- EPS
- -$0.04
- vs -$0.07
- Op. margin
- -15.0%
- +12.1 pts
- Gross margin
- 64.7%
- +3.2 pts
- Free cash flow
- -$6.3M
- Share count
- +5.2%
- vs a year ago
Insider rating
Last 90 days
45Mixed
- 2 insiders sold $34K (not pre-planned)
50 is neutral. Buying by more insiders, top executives and bigger stakes raises it. Selling lowers it; pre-planned sales count less.
Weekly insider trend13 weeks agoBoughtSoldThis week
Filing buzz
Last 7 days vs normal
0/ 100
- This week
- 0
- Normal week
- 0.9
- vs normal
- 0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▼Distributing-27.8%Institutions cut 27.8% from their holdings. 47 bought, 54 sold. 7 quarters of net selling in a row.
Shares held by institutions15.9M
Sep '24Jun '26
Share count growthYearly rate, last 3 years
+10.2%Cash runwayAt last year's cash burn
24 monthsDebt to equityLatest balance sheet: debt compared with what owners have
1.1x · $19.6M debtShares outstandingLatest reported
126MWhy high risk- Losing money, losses are large next to sales
- Share count growing 10.2% a year (dilution)
- Debt above equity: 1.13x
- Exchange listing notice (a delisting warning or a move to another exchange)
- Results filedAug 6
- Results filedMay 7
- Results filedFeb 26
- Results filedNov 6, 2025
- Results filedAug 7, 2025
Insider trades
Open-market buys and sells, last 90 days Bought$00 insiders
Sold$34K2 insiders, 0 pre-planned
| Insider | Trade | Shares | Avg price | Value | Owns after | Date |
|---|
Atul Madan Mohan BaggaChief Financial Officer | Sell | 2K | $5.98 | $14K | 95K | |
- -2.4% of their holdings
- Not a pre-planned sale
- Filed 4 days after
|
Christopher C. SwensonChief Legal Officer | Sell | 3K | $5.98 | $20K | 160K | |
- -2% of their holdings
- Not a pre-planned sale
- Filed 4 days after
|
"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.
Latest filings
Straight from SEC EDGAR
SoldChristopher C. SwensonChief Legal Officer
3,330 shares at $5.98 · $20K
- -2% of holdings
- Now owns 159,520 shares
- Not a pre-planned sale
- Filed 4 days after trade
SoldAtul Madan Mohan BaggaChief Financial Officer
2,355 shares at $5.98 · $14K
- -2% of holdings
- Now owns 95,215 shares
- Not a pre-planned sale
- Filed 4 days after trade
SoldChristopher C. SwensonChief Legal Officer
1,741 shares at $9.05 · $16K
- -1% of holdings
- Now owns 162,850 shares
- Not a pre-planned sale
- Filed 4 days after trade
SoldChristopher C. SwensonChief Legal Officer
22,707 shares at $0.83 · $19K
- -1% of holdings
- Now owns 2,468,924 shares
- Not a pre-planned sale
- Filed 4 days after trade
SoldKyle CallawayChief Accounting Officer
13,377 shares at $0.83 · $11K
- -3% of holdings
- Now owns 487,120 shares
- Not a pre-planned sale
- Filed 4 days after trade
SoldJohn Andrew PaszterkoChief Operating Officer
31,034 shares at $0.83 · $26K
- -2% of holdings
- Now owns 1,718,721 shares
- Not a pre-planned sale
- Filed 4 days after trade