{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-269494","form_type":"8-K","ticker":"NRDY","cik":"0001819404","company_name":"Nerdy Inc.","filed_at":"2025-11-06T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.590033+00:00","generated_at":"2026-05-16T23:57:03.615858+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"confidence":"high","headline":"Nerdy Q3 revenue $37.0M (-1% YoY); adjusted EBITDA loss $10.2M beats guidance; Q4 rev guidance $45-47M","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-269494","json":"https://secwatch.observer/filing/0001193125-25-269494.json","markdown":"https://secwatch.observer/filing/0001193125-25-269494.md","text":"https://secwatch.observer/filing/0001193125-25-269494.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1819404/000119312525269494/0001193125-25-269494-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1819404/000119312525269494/d915805d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T23:57:03.615858+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}