secwatch.observer — SEC 8-K summary
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Issuer:     Nerdy Inc. (NRDY)
CIK:        0001819404
Form:       8-K
Filed at:   2025-11-06T23:59:59+00:00
Accession:  0001193125-25-269494
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819404/000119312525269494/0001193125-25-269494-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819404/000119312525269494/d915805d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-269494

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