Nerdy Inc. (NRDY) Form 8-K — Aug 6, 2026

$NRDYForm 8-KItems 2.02, 9.01Filed Aug 6, 2026, 4:05 PM ET0001193125-26-337961Original filing

Nerdy Inc. (NYSE: NRDY) reported Q2 2026 revenue of $43.3 million, down 4% year over year but in line with its $42-44 million guidance. Net loss narrowed to $6.9 million from $12.0 million a year ago, non-GAAP adjusted EBITDA loss narrowed 68% to $0.9 million (ahead of the guidance midpoint), and gross margin expanded 320 basis points to 64.7%. The company announced it is winding down Varsity Tutors for Schools and exiting First Tutors in the UK to concentrate on its Consumer business, which it calls its highest-return opportunity.

Key figures

Revenue: 43231000
Guidance: FY2026 revenue $168-175 million (cut from $180-190 million); FY2026 non-GAAP adjusted EBITDA negative $4 million to approximately breakeven excluding exit costs; Q3 2026 revenue $32-35 million; Q3 2026 adjusted EBITDA negative $9 million to negative $6 million excluding exit costs; year-end cash $30-32 million including $20 million drawn on term loan
Total Debt: 19578000
Revenue Yoy: -4%
Cash Position: 38424000
Shares Outstanding: 190772000
Arpm: $366, up 5% YoY
Exit costs: $2-4 million expected, primarily in Q3 2026
Gross margin: 64.7%, up 320 bps from 61.5% a year ago
Active members: 29.1 thousand, down 5% YoY; decline narrowing for fourth consecutive quarter
Ai expenses q2: $2.0 million
Consumer revenue: $36.5 million, 84% of total revenue
Adjusted net loss: -$2.1 million vs -$4.5 million prior year
Free cash flow q2: -$6.3 million
Adjusted ebitda loss: -$0.9 million vs -$2.7 million prior year (68% improvement), within guidance of -$2 million to breakeven
Fixed cost reduction: ~$11 million annualized from VT4S wind-down
Headcount change yoy: -34%
Institutional revenue: $6.75 million, down 8% YoY
Annualized run rate revenue: $127.9 million
Year end cash guidance prior: $40-45 million

Price after filing

1 day: -1.3%7 days: -12.8%30 days: +1012.2%

Close on the filing date to close N calendar days later (from $0.84). Historical, not a forecast.

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