secwatch.observer — SEC 8-K summary
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Issuer:     Nerdy Inc. (NRDY)
CIK:        0001819404
Form:       8-K
Filed at:   2026-02-26T23:59:59+00:00
Accession:  0001193125-26-076562
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nerdy Q4 revenue $49.1M (+2% YoY), first positive adjusted EBITDA $1.3M, guides FY26 rev $180-190M
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- Q4 revenue $49.1M (top end of $45-47M guidance), up 2% YoY; net loss $14.0M vs $15.8M YoY.
- Non-GAAP adjusted EBITDA positive $1.3M, beating guidance of -$2.0M to breakeven; margin +1,400 bps YoY.
- Active Members 33.2k; ARPM $364 (+21% YoY); Learning Membership revenue +6% YoY to $41.6M.
- Gross margin (ex-abandonment charge) 66.8%, third consecutive quarterly expansion; Institutional revenue $7.2M (+6% YoY).
- FY26 guidance: revenue $180-190M; non-GAAP adjusted EBITDA approximately breakeven (1,000+ bps margin improvement vs FY25).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819404/000119312526076562/0001193125-26-076562-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819404/000119312526076562/d45653d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-076562

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