Nerdy Q3 revenue $37.0M (-1% YoY); adjusted EBITDA loss $10.2M beats guidance; Q4 rev guidance $45-47M

Nerdy Inc.

2025-Q3 EPS reported -$0.26 revenue$129,877,000

Net loss $18.7M vs $25.0M a year ago; non-GAAP adjusted EBITDA loss $10.2M beats guidance range ($11M-$13M loss).
Active Members 34.3k (down YoY) but ARPM up 24% to $374; Learning Membership revenue $33.0M (+5% YoY).
Institutional bookings $6.8M (-20% YoY); revenue $3.7M (10% of total); federal/state funding delays cited.
Entered $50M term loan on Nov 3; borrowed $20M initially; cash balance $32.7M as of Sep 30; Q4 end cash expected $45-48M.
Q4 revenue guidance $45-47M; full-year revenue $175-177M; Q4 adjusted EBITDA loss -$2M to breakeven; full-year loss $19-21M.

item 2.02 item 9.01

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accession 0001193125-25-269494

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