---
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"
generated_at: "2026-06-12T02:36:38.094938+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Nerdy Q2 revenue $48.8M (+16% YoY), beats guidance; positive adjusted EBITDA $1.3M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-206194
- JSON: https://secwatch.observer/filing/0001193125-23-206194.json
- Plain text: https://secwatch.observer/filing/0001193125-23-206194.txt

## Key facts
- Earnings Releases
  Nerdy Inc. reported second quarter ended June 30, 2023 results: revenue $48.8 million, net income $5.6 million.
  - Period: second quarter ended June 30, 2023
  - Revenue: $48.8 million
  - Net income: $5.6 million
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1819404/000119312523206194/0001193125-23-206194-index.htm

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