---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-053808"
form_type: "8-K"
ticker: "NRDY"
cik: "0001819404"
company_name: "Nerdy Inc."
filed_at: "2023-02-28T23:59:59+00:00"
generated_at: "2026-06-18T22:35:09.757908+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Nerdy Q4 revenue $41.8M beats guidance; Learning Memberships hit 50% of revenue; guides FY23 revenue $190-200M

## Summary
- Q4 revenue $41.8M (above $39-41M guidance); FY22 revenue $162.7M (+16% YoY).
- Learning Membership revenue $20.8M (50% of total), annualized run-rate $87M; active members 20K+ with ARPM ~$350.
- Gross margin 70.5% (+230 bps YoY); adjusted EBITDA loss $(5.5)M, in line with prior year and beating guidance.
- Institutional bookings record $11.3M in Q4; over 70 contracts including first Teacher Assigned partnership.
- Guides Q1'23 revenue $45-47M, FY'23 revenue $190-200M; expects adjusted EBITDA profitability by end of 2023.

## SEC filing metadata
- accession: 0001193125-23-053808
- form_type: 8-K
- ticker: NRDY
- cik: 0001819404
- company_name: Nerdy Inc.
- filed_at: 2023-02-28T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1819404/000119312523053808/0001193125-23-053808-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1819404/000119312523053808/d415227d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-053808
- JSON: https://secwatch.observer/filing/0001193125-23-053808.json
- Plain text: https://secwatch.observer/filing/0001193125-23-053808.txt

## Key facts
- Earnings Releases
  Nerdy Inc. reported the fourth fiscal quarter ended December 31, 2022 results: revenue $41.8 million. Guidance reaffirmed.
  - Period: the fourth fiscal quarter ended December 31, 2022
  - Revenue: $41.8 million
  - Guidance: reaffirmed
  - Result: reported results
  source text: We delivered revenue of $41.8 million for the fourth quarter, above our guidance range of $39-41 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1819404/000119312523053808/0001193125-23-053808-index.htm

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