---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-115940"
form_type: "8-K"
ticker: "NRDY"
cik: "0001819404"
company_name: "Nerdy Inc."
filed_at: "2025-05-08T23:59:59+00:00"
generated_at: "2026-05-22T05:21:23.540115+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-115940
- form_type: 8-K
- ticker: NRDY
- cik: 0001819404
- company_name: Nerdy Inc.
- filed_at: 2025-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1819404/000119312525115940/0001193125-25-115940-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1819404/000119312525115940/d936548d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-115940
- JSON: https://secwatch.observer/filing/0001193125-25-115940.json
- Plain text: https://secwatch.observer/filing/0001193125-25-115940.txt

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