---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-151700"
form_type: "8-K"
ticker: "NRDY"
cik: "0001819404"
company_name: "Nerdy Inc."
filed_at: "2022-05-16T23:59:59+00:00"
generated_at: "2026-06-25T15:24:41.277895+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Nerdy posts record Q1 revenue $46.9M (+36% YoY); COO Ian Clarkson departs

## Summary
- Revenue $46.9M (record), bookings $48.5M, net loss ($31.7M) vs ($5.7M) YoY.
- Non-GAAP adjusted EBITDA loss ($6.6M) vs ($0.3M); cash $141.7M, no debt.
- Active Learners +56%, Online Sessions +57%, Active Experts +37%.
- Small class/group revenue $6.4M (+243%); Varsity Tutors for Schools $4.6M (10% rev), 61 new contracts.
- President & COO Ian Clarkson departed May 13; will consult 9 months, equity adjustments.

## SEC filing metadata
- accession: 0001193125-22-151700
- form_type: 8-K
- ticker: NRDY
- cik: 0001819404
- company_name: Nerdy Inc.
- filed_at: 2022-05-16T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1819404/000119312522151700/0001193125-22-151700-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1819404/000119312522151700/d668525d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-151700
- JSON: https://secwatch.observer/filing/0001193125-22-151700.json
- Plain text: https://secwatch.observer/filing/0001193125-22-151700.txt

## Key facts
- Executive change
  Ian Clarkson departed as President and Chief Operating Officer at Nerdy Inc..
  - Action: departed
  - Role: President and Chief Operating Officer
  source text: Ian Clarkson, the Company’s President and Chief Operating Officer, will be departing the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1819404/000119312522151700/0001193125-22-151700-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.