secwatch.observer — SEC 8-K summary
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Issuer:     Nerdy Inc. (NRDY)
CIK:        0001819404
Form:       8-K
Filed at:   2026-08-06T20:05:34+00:00
Accession:  0001193125-26-337961
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819404/000119312526337961/0001193125-26-337961-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819404/000119312526337961/d70247d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-337961

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