secwatch.observer — SEC 8-K summary
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Issuer:     Nerdy Inc. (NRDY)
CIK:        0001819404
Form:       8-K
Filed at:   2025-08-07T23:59:59+00:00
Accession:  0001193125-25-175419
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nerdy Q2 revenue $45.3M (-11% YoY); EBITDA loss $2.7M beats guidance; Learning Membership rev +4%
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- Total revenue $45.3M, down 11% YoY due to non-recurring state-funded program and lower Institutional revenue.
- Net loss $12.0M vs $14.4M loss in Q2 2024; adjusted EBITDA loss $2.7M beat guidance of -$3.0M to -$6.0M.
- Learning Membership revenue $37.8M (+4% YoY); Active Members 30.6k; ARPM $348 (+24% YoY).
- Q3 2025 revenue guidance $37-40M; FY revenue $191-197M; on track for adjusted EBITDA profitability in Q4.
- Varsity Tutors for Schools bookings $4.9M (+21% YoY); cash $36.7M no debt.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819404/000119312525175419/0001193125-25-175419-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819404/000119312525175419/d38748d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-175419

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