v3.25.1

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Current Assets
Cash and cash equivalents	$ 44,922	$ 52,541
Accounts receivable, net	6,351	7,335
Other current assets	4,791	4,838
Total Current Assets	56,064	64,714
Fixed assets, net	16,731	17,148
Goodwill	5,717	5,717
Intangible assets, net	2,316	2,430
Other assets	2,204	2,498
Total Assets	83,032	92,507
Current Liabilities
Accounts payable	4,215	2,555
Deferred revenue	13,366	15,263
Other current liabilities	9,796	10,509
Total Current Liabilities	27,377	28,327
Other liabilities	2,783	3,067
Total Liabilities	30,160	31,394
Stockholders’ Equity
Additional paid-in capital	602,667	597,308
Accumulated deficit	(568,362)	(557,866)
Accumulated other comprehensive income	44	19
Total Stockholders’ Equity Excluding Noncontrolling Interests	34,367	39,479
Noncontrolling interests	18,505	21,634
Total Stockholders’ Equity	52,872	61,113
Total Liabilities and Stockholders’ Equity	83,032	92,507
Class A common stock
Stockholders’ Equity
Common stock	12	12
Class B common stock
Stockholders’ Equity
Common stock	$ 6	$ 6

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

Nerdy Inc. 10-Q