secwatch.observer — SEC 8-K summary
======================================

Issuer:     Nerdy Inc. (NRDY)
CIK:        0001819404
Form:       8-K
Filed at:   2025-05-08T23:59:59+00:00
Accession:  0001193125-25-115940
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819404/000119312525115940/0001193125-25-115940-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819404/000119312525115940/d936548d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-115940

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