Nerdy Q2 revenue $43.3M in line; loss narrows; cuts FY guidance on school exit

Nerdy Inc.

Q2 revenue $43.3M (-4% YoY), in line with $42-44M guidance; net loss improved to $6.9M from $12.0M YoY.
Non-GAAP adjusted EBITDA loss $0.9M, improved from -$2.7M YoY; in line with guidance of -$2M to breakeven.
Active Members 29.1k (-5% YoY), decline narrowed for 4th consecutive quarter; ARPM $366 (+5% YoY).
Exiting First Tutors (UK) and shutting Varsity Tutors for Schools; expects $2-4M exit costs in Q3.
FY 2026 revenue guidance cut to $168-175M (from $180-190M); year-end cash expected $30-32M (from $40-45M).

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