Every 10-Q that Nerdy Inc. (NRDY) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, 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. reported second‑quarter 2026 revenue of $43.2 million, down modestly year over year, while improving profitability. Gross profit was $28.0 million with a 65% gross margin, up from 62%, as cost of revenue fell on lower Expert costs and reduced amortization of internal‑use software.
Operating loss narrowed to $6.5 million from $12.3 million, and net loss to $6.9 million from $12.0 million, driven by double‑digit declines in sales and marketing and general and administrative expenses, including lower stock‑based compensation. For the first half, operating cash outflow improved to $6.5 million from $13.5 million.
Cash and cash equivalents were $38.4 million at June 30, 2026, alongside $20.0 million outstanding under a Term Loan bearing 10.75% interest and subject to liquidity and contribution‑margin covenants, with which the company reports compliance. Active Members declined 5% year over year to 29.1 thousand, but ARPM increased 5% to $366. Strategically, Nerdy abandoned its First Tutors business and, after quarter‑end, committed to wind down Varsity Tutors for Schools, expecting $2–4 million of exit costs and lower Institutional revenue. The company also discloses NYSE non‑compliance with the $1.00 minimum bid price and is pursuing a reverse stock split to regain compliance.
Nerdy Inc. reported modest Q1 2026 growth with a sharply narrower loss. Revenue rose to $48.7 million from $47.6 million, while gross margin improved to 66% from 58% as cost of revenue fell.
Net loss shrank to $6.1 million from $16.2 million, helped by lower sales and marketing and general and administrative expenses, including AI-enabled productivity gains. Operating cash outflow improved to $1.8 million, and cash and equivalents were $44.7 million with $20.0 million outstanding under a Term Loan at 10.75%.
Consumer revenue grew on higher average revenue per member, though Active Members declined year over year. Institutional revenue was slightly lower. Nerdy remained in compliance with debt covenants and believes existing cash will cover near-term operating and investment needs.
Nerdy Inc. (NRDY) reported Q3 2025 results with revenue of $37,019 thousand versus $37,530 thousand a year ago, as lower Institutional sales offset higher Consumer Learning Memberships. Gross margin was 63% (down from 70%). Operating loss narrowed to $(19,082) thousand from $(25,724) thousand. Net loss attributable to Class A stockholders improved to $(12,287) thousand, or $(0.10) per share.
Key metrics showed mixed trends: Active Members were 34.3 thousand (down 14% year over year), while ARPM rose to $374 (up 24%), reflecting a shift to higher-frequency plans and price increases. Active Experts were 8.1 thousand (down 15%).
Liquidity declined with cash and cash equivalents at $32,710 thousand (from $52,541 thousand at December 31, 2024). Subsequent to quarter end, the company entered a Loan and Security Agreement providing up to $50,000 thousand in term loans and drew $20,000 thousand on November 3, 2025, bearing interest at the greater of prime + 3.50% or 10.75%, interest-only for 36 months, maturing on November 1, 2029. Deferred revenue was $15,916 thousand, and Class A shares outstanding were 122,938,630 as of October 31, 2025.