---
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"
generated_at: "2026-06-02T19:42:16.799982+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Nerdy Q1 revenue $53.7M (+9% YoY); Learning Memberships up 34%; positive adj EBITDA $24K

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- 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/1819404/000119312524133089/0001193125-24-133089-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1819404/000119312524133089/d829669d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-133089
- JSON: https://secwatch.observer/filing/0001193125-24-133089.json
- Plain text: https://secwatch.observer/filing/0001193125-24-133089.txt

## Key facts
- Earnings Releases
  Nerdy Inc. reported first quarter ended March 31, 2024 results: revenue $53.7 million, net income net loss of $12.0 million.
  - Period: first quarter ended March 31, 2024
  - Revenue: $53.7 million
  - Net income: net loss of $12.0 million
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1819404/000119312524133089/0001193125-24-133089-index.htm

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