---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-284542"
form_type: "8-K"
ticker: "NRDY"
cik: "0001819404"
company_name: "Nerdy Inc."
filed_at: "2022-11-14T23:59:59+00:00"
generated_at: "2026-06-21T21:01:06.476652+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Nerdy Q3 revenue $31.8M in line; Learning Membership run-rate $50.2M; guides Q4 rev $39-41M

## Summary
- Revenue $31.8M (guidance $30-33M); net loss $(32.3)M vs $(57.7)M prior year; adjusted EBITDA loss $(14.0)M at high end of guidance.
- Learning Memberships hit $50.2M annualized run-rate; recognized revenue $5.8M (18% of total) vs 2% in Q2.
- Institutional: 21 new contracts, $5.6M bookings; average contract value more than doubled.
- Q4 guidance: revenue $39-41M, adjusted EBITDA loss $6-8M; FY2022 rev $160-162M, adjusted EBITDA loss $36-38M.
- Cash $106.4M, no debt; reaffirms adjusted EBITDA profitability by end of 2023.

## SEC filing metadata
- accession: 0001193125-22-284542
- form_type: 8-K
- ticker: NRDY
- cik: 0001819404
- company_name: Nerdy Inc.
- filed_at: 2022-11-14T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1819404/000119312522284542/0001193125-22-284542-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1819404/000119312522284542/d260037d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-284542
- JSON: https://secwatch.observer/filing/0001193125-22-284542.json
- Plain text: https://secwatch.observer/filing/0001193125-22-284542.txt

## Key facts
- Earnings Releases
  Nerdy Inc. reported the third quarter ended September 30, 2022 results: revenue $31.8 million.
  - Period: the third quarter ended September 30, 2022
  - Revenue: $31.8 million
  - Result: reported results
  source text: We delivered revenue of $31.8 million for the third quarter, in line with our guidance range of $30-33 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1819404/000119312522284542/0001193125-22-284542-index.htm

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