{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-206194","form_type":"8-K","ticker":"NRDY","cik":"0001819404","company_name":"Nerdy Inc.","filed_at":"2023-08-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.422111+00:00","generated_at":"2026-06-12T02:36:38.094938+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Nerdy Q2 revenue $48.8M (+16% YoY), beats guidance; positive adjusted EBITDA $1.3M","bullets":["Revenue $48.8M (+16% YoY) above guidance $45-47M; GAAP net loss $5.6M, adjusted EBITDA positive $1.3M (beat -$3M to $0).","Learning Memberships revenue $35.6M (73% of total); Active Members 31K, ARPM ~$350, annualized run-rate ~$130M.","Institutional revenue $8.4M (+43% YoY); bookings $10.5M (+175% YoY); 48 contracts executed.","Completed shift to 100% Learning Memberships for new Consumer customers six months early; new customer additions +19% YoY.","Gross margin 69.8% (+166 bps YoY); sales & marketing efficiency improved 1100 bps."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-206194","json":"https://secwatch.observer/filing/0001193125-23-206194.json","markdown":"https://secwatch.observer/filing/0001193125-23-206194.md","text":"https://secwatch.observer/filing/0001193125-23-206194.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1819404/000119312523206194/0001193125-23-206194-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1819404/000119312523206194/d502883d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T02:36:38.094938+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":"13646a1e3282dcfb63729f2ef327153ed996b01f","claim":"Nerdy Inc. reported second quarter ended June 30, 2023 results: revenue $48.8 million, net income $5.6 million.","evidence_excerpt":"model. Those anticipated business model benefits are now being realized and driving substantial improvements in our operating results. In the second quarter, we recognized $48.8 million of revenue, an increase of 16% year-over-year, exceeding our guidance range of $45-47 million, and a 1,100 bps acceleration in growth over the previous quarter. The new and","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1819404/000119312523206194/0001193125-23-206194-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter ended June 30, 2023"},{"label":"Revenue","value":"$48.8 million"},{"label":"Net income","value":"$5.6 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"}