---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-196950"
form_type: "8-K"
ticker: "NRDY"
cik: "0001819404"
company_name: "Nerdy Inc."
filed_at: "2024-08-08T23:59:59+00:00"
generated_at: "2026-05-31T11:10:10.980143+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Nerdy Q2 revenue $51M (+4% YoY), net loss $14.4M; cuts guidance

## Summary
- Revenue $51.0M (+4% YoY) in line with guidance; net loss $14.4M vs $5.6M loss last year.
- Adjusted EBITDA loss $2.1M (top of guidance) vs +$1.3M last year; full-year EBITDA guided -$19M to -$21M.
- Active Members 35.5K (+15% YoY) but ARPM fell to $281 from $352 due to higher mix of lower-frequency memberships.
- Institutional revenue $11.1M (+33% YoY); freemium platform now reaches 3.3M students across ~600 districts.
- Cash $69.8M, no debt; Q3 revenue guided $35-38M, full-year revenue $196-204M.

## SEC filing metadata
- accession: 0001193125-24-196950
- form_type: 8-K
- ticker: NRDY
- cik: 0001819404
- company_name: Nerdy Inc.
- filed_at: 2024-08-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1819404/000119312524196950/0001193125-24-196950-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1819404/000119312524196950/d867914d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-196950
- JSON: https://secwatch.observer/filing/0001193125-24-196950.json
- Plain text: https://secwatch.observer/filing/0001193125-24-196950.txt

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