{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-133089","form_type":"8-K","ticker":"NRDY","cik":"0001819404","company_name":"Nerdy Inc.","filed_at":"2024-05-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.346516+00:00","generated_at":"2026-06-02T19:42:16.799982+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Nerdy Q1 revenue $53.7M (+9% YoY); Learning Memberships up 34%; positive adj EBITDA $24K","bullets":["Consumer Learning Membership revenue $39.9M (+34% YoY), 74% of total revenue; Active Members 46.1K (+40% YoY).","Institutional revenue $11.9M (+39% YoY), record; enabled 1.2M new students, total 2.2M across 475 districts.","Net loss $12.0M (incl $11.1M stock comp); non-GAAP adjusted EBITDA positive $24K vs guidance -$3M to $0.","Operating cash flow $4.4M; no debt, cash $77M. Q2 revenue guidance $50-52M; full yr reaffirmed $232-246M.","FY2024 adj EBITDA guidance $5-15M; Q2 adj EBITDA expected -$4M to -$2M."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-133089","json":"https://secwatch.observer/filing/0001193125-24-133089.json","markdown":"https://secwatch.observer/filing/0001193125-24-133089.md","text":"https://secwatch.observer/filing/0001193125-24-133089.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1819404/000119312524133089/0001193125-24-133089-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1819404/000119312524133089/d829669d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T19:42:16.799982+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":"54d16e01fe915a6ff50c1a88adc73dc37dd1633c","claim":"Nerdy Inc. reported first quarter ended March 31, 2024 results: revenue $53.7 million, net income net loss of $12.0 million.","evidence_excerpt":"and referrals between Consumer and Institutional, and ultimately improve growth and profitability. Q1 Earnings Release 2024 2 First Quarter in Review • We delivered revenue of $53.7 million, an increase of 9% year-over-year from $49.2 million during the same period in 2023. Revenue growth was driven by both our Consumer and Institutional businesses, which were up 3%","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1819404/000119312524133089/0001193125-24-133089-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2024"},{"label":"Revenue","value":"$53.7 million"},{"label":"Net income","value":"net loss of $12.0 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"}