COMP <GO>

LFS vs NRDY // EV/EBITDA & P/E VALUATION

LEIFRAS Co. Ltd. (NASDAQ) VS. Nerdy Inc. (Class A) (NYSE) • 15-METRIC TALLY: LFS 5 — NRDY 2

■ METRIC PARITY

LAST: $2.10 (0.00%) • MKT CAP: $54.9M

valuation

13.0x

LAST: $5.94 (+2.95%) • MKT CAP: $75.9M

valuation

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15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (LFS VS. NRDY) EMERALD CELL = QUANTITATIVE EDGE

INSTITUTIONAL METRIC	LFS	NRDY	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	29.50%	58.00%	-28.50	NRDY	/gross-margins <GO>
Return on Invested Capital (ROIC)	26.50%	-35.00%	+61.50	LFS	/roic <GO>
EV/EBITDA & P/E Valuation ACTIVE	13.0x	—	—	TIE	/valuation <GO>
Free Cash Flow Yield	4.94%	—	—	TIE	/fcf-yield <GO>
Operating Margin	5.30%	-34.60%	+39.90	LFS	/operating-margins <GO>
Net Profit Margin	3.70%	-22.30%	+26.00	LFS	/net-margins <GO>
Revenue Growth (YoY)	—	-5.90%	—	TIE	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	0.00%	0.00	TIE	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	5.32	—	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	7/9	5/9	+2.00	LFS	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	42.6	42.0	+0.59	LFS	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	—	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	18.2x	—	—	TIE	/forward-pe <GO>
Enterprise Scale & Market Cap	$54.9M	$75.9M	-$20.9M	NRDY	/market-cap <GO>

5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY

FISCAL YEAR	LFS REV	NRDY REV	LFS GROSS %	NRDY GROSS %	LFS FCF	NRDY FCF
FY 2025	$74.8M	$179.0M	29.5%	58.0%	$2.7M	-$24.2M
FY 2024	—	$190.2M	—	67.5%	—	-$22.5M
FY 2023	—	$193.4M	—	—	—	-$7.6M

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

LFS // BETA —

NRDY // BETA —