Here are the 10-K annual reports from Nerdy Inc. (NRDY) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow NRDY and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full NRDY filings page.
Nerdy Inc. operates an AI-enabled live tutoring and intervention platform, best known through its Varsity Tutors brand, serving consumers and school systems across thousands of subjects and multiple formats. The company connects “Learners” with vetted “Experts” for one-on-one, small-group, and class-based online instruction.
Nerdy is investing heavily in artificial intelligence, rebuilding core systems on AI-native codebases and launching its Live Learning Platform 2.0, which integrates AI-driven content, adaptive assessments, and matching tools. Products include subscription-based Learning Memberships for consumers and the Live+AI™ and Varsity Tutors for Schools offerings for institutions.
The company highlights significant ongoing net losses and negative operating cash flows, with a $60,948 thousand net loss and $18,846 thousand negative operating cash flow for the year ended December 31, 2025. Key risks include its evolving business model, high competition, indebtedness under a term loan, reliance on independent contractors, regulatory scrutiny around minors and data privacy, and uncertainty in scaling institutional contracts.