secwatch.observer — SEC 8-K summary
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Issuer:     Nerdy Inc. (NRDY)
CIK:        0001819404
Form:       8-K
Filed at:   2025-02-27T23:59:59+00:00
Accession:  0001193125-25-039204
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nerdy Q4 revenue $48M (-13% YoY), adjusted EBITDA loss $5.5M, beats guidance
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- Consumer revenue $41.0M (-6% YoY); Institutional revenue $6.8M (-40% YoY).
- Net loss $15.7M vs $9.2M loss in Q4 2023; gross margin 66.6% vs 71.3%.
- Active Members 37.5K as of Dec 31, 2024; cash $52.5M, no debt.
- Q1 2025 revenue guidance $45-47M; full year $190-200M. Expects EBITDA-positive in Q4 2025.
- AI product rollouts cited for future growth; headcount peaked in 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819404/000119312525039204/0001193125-25-039204-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819404/000119312525039204/d897557d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-039204

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer