secwatch.observer — SEC 8-K summary
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Issuer:     Nerdy Inc. (NRDY)
CIK:        0001819404
Form:       8-K
Filed at:   2026-05-07T23:59:59+00:00
Accession:  0001193125-26-211882
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819404/000119312526211882/0001193125-26-211882-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819404/000119312526211882/d326012d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-211882

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