Nerdy Q1 revenue $47.6M beats guidance but down 11% YoY; net loss widens to $16.2M

Nerdy Inc.

2025-Q1 EPS reported -$0.09 revenue$47,595,000

Revenue of $47.6M beat top end of $45-47M guidance; down from $53.7M YoY due to fewer Learning Memberships.
Net loss $16.2M vs $12.0M YoY; adjusted EBITDA loss $6.4M vs $24k profit YoY.
ARPM rose 14% to $335; 40,500 Active Members; monthly recurring Learning Membership revenue turned positive YoY in March.
Gross margin fell to 58% from 68% due to tutor incentives; expects sequential quarterly improvement.
Cash $44.9M, no debt; headcount reduced 16% vs Dec 2024; full-year revenue guidance raised low end to $191.5-200M.

item 2.02 item 9.01

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