Is Mathnasium profitable?

Yes. Mathnasium-published franchise data (2026-05-12) show average franchisee operating profit of about $115,743 on average revenue of $360,324, a roughly 32.1% margin per center, making individual units solidly profitable.

Could AI replace Mathnasium?

Partially. Free AI tutors like Khanmigo (3M+ students, early 2026) and ChatGPT Edu (460K+ CSU students, May 2026) threaten homework help and drilling, but Mathnasium's in-person, relationship-based delivery across 1,300+ centers (July 2026) is harder to automate.

Private equity firm Roark Capital Group acquired Mathnasium on November 16, 2021. In July 2024 the franchisor was reorganized into a new entity, Mathnasium Franchisor LLC, while Roark remained the ultimate owner as of 2026.

Is Mathnasium still growing?

Yes. Mathnasium grew from over 1,200 locations in mid-2025 to over 1,300 by mid-2026, signing 121 new franchise agreements and opening 88 new centers in 2025, with about 100 more agreements targeted for 2026.

Who is Mathnasium's biggest competitor?

Kumon is the dominant scale competitor, with 26,365 franchise units worldwide as of June 2026 versus Mathnasium's 1,300+, while free AI tutors like Khanmigo are an emerging non-franchise threat to the homework-help segment.

Is Mathnasium laying off staff?

No layoffs were found in public reporting. Mathnasium's corporate HQ staffing figure of 100 employees dates to 2022 and is likely outdated; the system was still expanding unit count through mid-2026.

Education companies · subsidiary of Roark Capital Group · United States

Mathnasium

mathnasium.com ↗

In-person franchise chain of 1,300+ math tutoring centers for K-12 students.

Losing its protection

Assessed 22 July 2026 · Evidence as of 22 July 2026

The structural protection is eroding.

On the recordSince 22 July 2026 · Checkable from expected mid-2026 · Every call on the record Checkpoint: 2026 FDD filing with Item 19 average per-center revenue figures

The call

Centers keep opening and margins hold near 32%, but free AI tutors are chewing on the homework-help part of the business while Mathnasium has not shipped a named AI product of its own.

Mathnasium runs about 1,300 tutoring centers across the country where trained instructors help kids with math, charging roughly $250 per month per student. The company has been growing steadily and making money, because parents value a real person who knows their child and can adapt to how they learn. However, free AI tutoring tools like Khanmigo and ChatGPT are now doing the basic parts of what Mathnasium does (explaining problems, giving practice drills, checking homework) for zero dollars, and they work well enough for many families. Mathnasium has not yet released its own AI product or shown customers a clear reason to stay as the price gap widens. The key thing to watch is whether individual Mathnasium centers start bringing in less money per location over the next year or two, which would signal that families are actually leaving for free alternatives rather than just trying them on the side.

Why

AI pressure: Khanmigo, ChatGPT Edu, and free AI tutoring built into school platforms. Free AI already handles homework help and practice problems, the cheap half of what Mathnasium sells for $200-300/month. Could AI do the core job? Only partly.

Bigger players: None apparent. No large company is directly targeting the in-person tutoring center format Mathnasium runs. Could a giant copy it? Yes, easily.

What protects it. Parents pay for a physical room, a schedule, and an adult who checks a kid's work, not just answers to problems.

What would change this call

Mathnasium's 2026 and 2027 FDD Item 19 average per-center revenue figures. Whether same-center demand is holding or eroding as free AI tutoring spreads.
A named, priced Mathnasium AI-tutoring product launch with disclosed retention data by end of 2026. Whether Mathnasium is actually countering AI substitution or just talking about it.
Net new franchise unit openings versus closures reported in 2026-2027 franchise updates. Whether systemwide growth continues or stalls as AI options widen the price gap.

Key numbers

1,300+ centers (2026-07-15)
$360,324 average franchisee revenue (2026-05-12)
32.1% average operating margin (2026-05-12)

Named risks

Free generative AI tutors (Khanmigo, ChatGPT Edu) eroding willingness to pay for homework-help layer. Severity: high
No shipped, measured Mathnasium AI product as of mid-2026 despite intensifying disruption narrative. Severity: medium
Conflicting Item 19 revenue figures across sources ($294K to $368K) suggest volatility or inconsistent reporting. Severity: low
PE ownership under Roark Capital could pursue exit/sale, creating strategic uncertainty for franchisees. Severity: low
Sector-wide tutor shortage could pressure local center staffing and service quality. Severity: medium

Rivals, as read in July 2026

Rival	Direction	Evidence
Kumon	contesting	Kumon operates 26,365 units worldwide vs Mathnasium's 1,300+ as of mid-2026
Khan Academy (Khanmigo)	losing to	Khanmigo reportedly serving 3M+ students free by early 2026, undercutting paid tutoring
ChatGPT Edu / university AI tutoring	gaining on	CSU deployed ChatGPT Edu to 460,000+ students by May 2026
Sylvan Learning	contesting	Sylvan runs 400-478 in-center locations as of June 2026, similar franchise model
Club Z! Tutoring / Tutor Doctor	contesting	Lower-cost home-based tutoring franchises ($41K-$125K investment) compete on price

Questions people ask

Is Mathnasium profitable?: Yes. Mathnasium-published franchise data (2026-05-12) show average franchisee operating profit of about $115,743 on average revenue of $360,324, a roughly 32.1% margin per center, making individual units solidly profitable.
Could AI replace Mathnasium?: Partially. Free AI tutors like Khanmigo (3M+ students, early 2026) and ChatGPT Edu (460K+ CSU students, May 2026) threaten homework help and drilling, but Mathnasium's in-person, relationship-based delivery across 1,300+ centers (July 2026) is harder to automate.
Who owns Mathnasium?: Private equity firm Roark Capital Group acquired Mathnasium on November 16, 2021. In July 2024 the franchisor was reorganized into a new entity, Mathnasium Franchisor LLC, while Roark remained the ultimate owner as of 2026.
Is Mathnasium still growing?: Yes. Mathnasium grew from over 1,200 locations in mid-2025 to over 1,300 by mid-2026, signing 121 new franchise agreements and opening 88 new centers in 2025, with about 100 more agreements targeted for 2026.
Who is Mathnasium's biggest competitor?: Kumon is the dominant scale competitor, with 26,365 franchise units worldwide as of June 2026 versus Mathnasium's 1,300+, while free AI tutors like Khanmigo are an emerging non-franchise threat to the homework-help segment.
Is Mathnasium laying off staff?: No layoffs were found in public reporting. Mathnasium's corporate HQ staffing figure of 100 employees dates to 2022 and is likely outdated; the system was still expanding unit count through mid-2026.

Timeline

2026-07-15Mathnasium reaches over 1,300 locations, per franchise trade press
2026-05-12Company publishes profitability data: avg revenue $360,324, 32.1% operating margin
2026-01-27Mathnasium reports over 1,250 centers, 121 new agreements signed in 2025
2025-12-312025 close: 88 new locations opened (63 US, 6 Canada, rest international)
2024-07-11New franchising entity Mathnasium Franchisor LLC organized in Delaware
2021-11-16Roark Capital Group acquires Mathnasium
2003-01-01Mathnasium begins franchising after 2002 Westwood, LA launch
2002-01-01Mathnasium founded by Larry Martinek, David Ullendorff, Peter Markovitz

Revision history

22 July 2026

First assessed. Losing its protection. The text above is fixed as of this date and is not edited afterwards.

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