Nerdy Q1 revenue $48.7M beats guidance; positive adj. EBITDA $1.0M; member decline narrows to 9% YoY

Nerdy Inc.

2026-Q1 EPS reported -$0.03 revenue$48,735,000

Revenue $48.7M (+2% YoY), above $46-48M guidance; gross margin 66.2% vs 58.0% YoY.
Adjusted EBITDA positive $1.0M vs loss $6.4M YoY, beating approx breakeven guidance.
Active Members 36.9k (-9% YoY), decline narrowed for third straight quarter; ARPM $374 (+12%).
Net loss $6.1M improved from $16.2M YoY; cash $44.7M.
FY2026 guidance reaffirmed: revenue $180-190M, adj. EBITDA approx breakeven; Q2 guidance $42-44M revenue.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Nerdy Inc. reported first quarter ended March 31, 2026 results: revenue $48.7 million.

Period: first quarter ended March 31, 2026
Revenue: $48.7 million
Result: reported results

Exact text from the filing

In the first quarter of 2026, we beat the top end of our revenue guidance, delivered our second consecutive quarter of positive non-GAAP adjusted EBITDA, and translated the AI-native foundation we finished building at the end of 2025 into shipped, learner-facing product at a cadence we have never matched in this company’s history. Revenue was $48.7 million, above the top end of our $46 to $48 million guidance range and up 2% year-over-year.

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Source: SEC EDGAR

accession 0001193125-26-211882

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