---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-272414"
form_type: "8-K"
ticker: "NRDY"
cik: "0001819404"
company_name: "Nerdy Inc."
filed_at: "2023-11-07T23:59:59+00:00"
generated_at: "2026-06-08T16:59:25.045851+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Nerdy Q3 revenue $40.3M (+27% YoY) beats guidance; Q4 outlook $54-56M

## Summary
- Revenue $40.3M, above $38-40M guidance; net loss $20.6M vs $32.3M loss YoY.
- Non-GAAP adjusted EBITDA loss $8.2M (top of $8-10M guidance), vs $14.0M loss YoY.
- Consumer revenue $34.5M (+19% YoY); Institutional $5.6M (+133% YoY); gross margin record 72.4%.
- Learning Memberships 100% of consumers; 39.5K active members; annualized run rate $164M (3x YoY).
- Q4 revenue guidance $54-56M (32% growth at midpoint); FY guidance $192-194M.

## SEC filing metadata
- accession: 0001193125-23-272414
- form_type: 8-K
- ticker: NRDY
- cik: 0001819404
- company_name: Nerdy Inc.
- filed_at: 2023-11-07T23:59:59+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/1819404/000119312523272414/0001193125-23-272414-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1819404/000119312523272414/d576408d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-272414
- JSON: https://secwatch.observer/filing/0001193125-23-272414.json
- Plain text: https://secwatch.observer/filing/0001193125-23-272414.txt

## Key facts
- Earnings Releases
  Nerdy Inc. reported third quarter ended September 30, 2023 results: revenue $40.3 million.
  - Period: third quarter ended September 30, 2023
  - Revenue: $40.3 million
  - Result: reported results
  source text: Consumers who purchased a class (in 2022) given we no longer sell stand alone classes. Q3 Earnings Release 2023 2 I am pleased to share that in the third quarter: ● We delivered $40.3 million of revenue, an increase of 27% year-over-year, above our guidance range of $38- 40 million. Revenue growth was driven by both our Consumer and Institutional businesses, which
  evidence_url: https://www.sec.gov/Archives/edgar/data/1819404/000119312523272414/0001193125-23-272414-index.htm

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