{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-139405","form_type":"8-K","ticker":"NRDY","cik":"0001819404","company_name":"Nerdy Inc.","filed_at":"2023-05-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.833982+00:00","generated_at":"2026-06-15T09:47:17.053970+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Nerdy Q1 rev $49.2M above guidance; turns EBITDA positive at $1.4M","bullets":["Revenue of $49.2M up 5% YoY, above $45-47M guidance; returned to growth after J-Curve transition.","Adjusted EBITDA profitability $1.4M, nine months ahead of plan; operating cash flow $6.8M, free cash flow $5.8M.","Learning Memberships 60% of total revenue with annualized run-rate $143M, active members 32.9K.","Institutional revenue record $8.5M, up 32% YoY; 97 contracts booked totaling $6.3M in Q1.","Launched AI-Enabled Chat Tutoring and AI Lesson Plan Generator; 30% of code now AI-written."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-139405","json":"https://secwatch.observer/filing/0001193125-23-139405.json","markdown":"https://secwatch.observer/filing/0001193125-23-139405.md","text":"https://secwatch.observer/filing/0001193125-23-139405.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1819404/000119312523139405/0001193125-23-139405-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1819404/000119312523139405/d469463d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T09:47:17.053970+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"47e7bb6759568b2222aa511a3b1fcb61d7f8c099","claim":"Nerdy Inc. reported first quarter ended March 31, 2023 results: revenue $49.2 million.","evidence_excerpt":"and that we anticipated achieving adjusted EBITDA profitability by the end of 2023. ● We exited the ‘J-Curve’ business model transition and returned to growth delivering $49.2 million of revenue, above our guidance range of $45-47 million. ● Learning Membership subscriptions accounted for 60% of total company recognized revenue, up from nearly 0% in the first","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1819404/000119312523139405/0001193125-23-139405-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2023"},{"label":"Revenue","value":"$49.2 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}