Class A common stock, par value $0.0001 per share
- Symbol
- NRDY
- Exchange
- NYSE
- Classification
- COMMON
- Status
- Current
Current Report · Items 2.02, 9.01 · 8-K
Nerdy Inc.
NRDYNYSEEQUITYCurrent
Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition. On May 7, 2026, Nerdy Inc. issued press releases announcing results for its first quarter ended March 31, 2026. Copies of the press releases are furnished as Exhibit 99.1 and Exhibit 99.2 to this Current Report on Form 8-K.…
Company context
Nerdy (NYSE: NRDY) operates a next-generation live tutoring and intervention platform that leverages the power of human expertise with advanced artificial intelligence (“AI”) to personalize learning, accelerate student achievement, and empower educators. Our mission is to transform the way people learn through technology. The Company’s purpose-built proprietary platform leverages technology, including AI, to connect learners of all ages to experts, delivering superior value on both sides of the network. Nerdy’s comprehensive learning destination provides learning experiences across thousands of subjects and multiple formats - including Learning Memberships, one-on-one instruction, small group tutoring, large format classes, and adaptive assessments. Nerdy’s flagship business, Varsity Tutors, is one of the nation’s largest platforms for live online tutoring and classes. Learn more about Nerdy at https://www.nerdy.com.
Current securities
Historical securities (6)
NRDY.WSNYSE · WARRANT · Historical · closed Sep 28, 2023PACENYSE · EQUITY · Historical · closed Sep 20, 2021PACENYSE · EQUITY · Historical · closed Sep 20, 2021PACENYSE · EQUITY · Historical · closed Sep 20, 2021PACE.UNNYSE · UNIT · Historical · closed Sep 20, 2021PACE.WSNYSE · WARRANT · Historical · closed Sep 20, 2021
Recent company filings
- 10-Q filingNov 9, 2026
- Results of Operations and Financial ConditionNov 9, 2026
- Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory ArrangementsSep 8, 2026
- Other EventsSep 2, 2026
- Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory ArrangementsAug 21, 2026
Registered securities in this filing
NERDY INC. · 8-K · Filed 2026-05-07
Disclosure sections
Item 2.02Item 2.02 - Results of Operations
Item 2.02. Results of Operations and Financial Condition.
On May 7, 2026, Nerdy Inc. issued press releases announcing results for its first quarter ended March 31, 2026. Copies of the press releases are furnished as Exhibit 99.1 and Exhibit 99.2 to this Current Report on Form 8-K.
The information contained in Item 2.02, Exhibit 99.1, and Exhibit 99.2 attached hereto shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.
Filed exhibits (2)
EX-99.1 2 d326012dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 A Note to Our Shareholders Dear Shareholders, In the first quarter of 2026, we beat the top end of our revenue guidance, delivered our second consecutive quarter of positive non-GAAP adjusted EBITDA, and translated the AI-native foundation we finished building at the end of 2025 into shipped, learner-facing product at a cadence we have never matched in this company’s history. Revenue was $48.7 million, above the top end of our $46 to $48 million guidance range and up 2% year-over-year. Non-GAAP adjusted EBITDA was positive $1.0 million, ahead of our guidance of approximately breakeven, and improved by $7.3 million compared to Q1 2025. Adjusted EBITDA margin expanded by more than 1,500 basis points year-over-year - our third consecutive quarter of sequential margin improvement, and roughly $30 million of annualized operating leverage on a flat top line. Gross margin reached 66.2%, an expansion of more than 800 basis points year-over-year. We ended the quarter with $44.7 million of cash on the balance sheet. Three things stood out. First, the product velocity that we said an AI-native codebase would unlock is now vis…
Open exhibit ↗EX-99.2 3 d326012dex992.htm EX-99.2 EX-99.2 Exhibit 99.2 Nerdy Announces First Quarter 2026 Financial Results Nerdy delivers revenue above guidance and achieves positive non-GAAP Adjusted EBITDA in Q1 2026, beating guidance on both metrics and driving over 1,500 basis points of margin improvement year-over-year. St. Louis, May 7, 2026 - Nerdy Inc. (NYSE: NRDY) today announced financial results for the first quarter ended March 31, 2026. “In the first quarter, we exceeded the top end of our revenue guidance range and delivered positive non-GAAP adjusted EBITDA, both ahead of our guidance. Our non-GAAP adjusted EBITDA margin improved over 1,500 basis points year-over-year, reflecting the operating discipline and efficiency gains we’ve driven across every line of the P&L” said Chuck Cohn, Founder, Chairman and CEO of Nerdy. “We’re building on this momentum in 2026 by improving our Learner and Expert experiences, growing our active member base, and delivering sustainable profitability.” Please visit the Nerdy investor relations website https://www.nerdy.com/investors to view the Nerdy Q1 Shareholder Letter on the Quarterly Results Page. First Quarter Financial Highlights: R…
Open exhibit ↗