Nerdy Inc.
1.0600-0.03 (-2.75%)
Oct 28, 4:00:02 PM EDT · NYSE · NRDY · USD
Key Stats
Market Cap
196.95MP/E (TTM)
-Basic EPS (TTM)
-0.38Dividend Yield
0%Recent Filings
8-K
Nerdy appoints Amazon ops expert COO
Nerdy Inc. appointed John Paszterko as Chief Operating Officer on August 26, 2025, tapping his nine years at Amazon scaling fulfillment operations and tech integration. Paszterko will oversee Consumer Sales, Marketplace Operations, and Member Services, aiming to boost efficiency in Nerdy's Live + AI platform for revenue growth and margins. His package includes $475,000 base salary, $112,000 sign-on bonus, and 600,000 RSUs vesting over three years. This hire signals operational discipline amid AI-driven expansion risks.
10-Q
Q2 FY2025 results
Nerdy Inc. posted Q2 revenue of $45.3M, down 11% y/y but up sequentially from Q1's $47.6M (derived), as consumer bookings held steady while institutional sales dropped 34% y/y to $7.3M amid funding uncertainties. Gross profit landed at $27.8M with a 62% margin, contracting 4 points y/y yet expanding from Q1's 58% (derived) thanks to price hikes and expert incentives that boosted retention. Operating loss narrowed to $12.3M from $15.2M y/y, fueled by 20% cuts in G&A via AI efficiencies and headcount trims; net loss attributable to Class A stockholders eased to $7.9M or $0.07/share on 120M diluted shares. Cash burned $13.5M in operations for the half, leaving $36.7M on hand with no debt, while free cash flow hit negative $15.8M after $2.3M capex. Institutional revenue remains vulnerable to policy shifts.
8-K
Nerdy Q2 revenue dips, consumer rebounds
Nerdy Inc. reported Q2 revenue of $45.3 million, down 11% year-over-year due to lower Institutional sales and a non-recurring $3.0 million state program, yet Consumer Learning Membership revenue grew 4% to $37.8 million with ARPM up 24% to $348 from higher-frequency plans and pricing. Live+AI enhancements drove engagement, while Varsity Tutors for Schools bookings rose 21% to $4.9 million, signaling back-to-school momentum. AI tools boost retention. Path to Q4 profitability intact.
8-K
Nerdy Q1 revenue beats guidance
Nerdy Inc. reported Q1 2025 revenue of $47.6 million, beating the high end of guidance despite an 11% year-over-year drop from $53.7 million, driven by fewer Learning Memberships offset by 14% higher ARPM at $335 from pricing hikes and higher-frequency plans. Gross margin dipped to 58.0% from 68.0% due to tutor incentives boosting session utilization and retention, while AI innovations like Live + AI™ enhance engagement. Headcount fell 16%, aiding efficiency. Learning Membership revenue turns positive in Q2; full-year outlook raised to $191.5-200 million with adjusted EBITDA loss of negative $8-18 million. Yet funding uncertainties cloud Institutional growth.
10-Q
Q1 FY2025 results
Nerdy Inc. reported Q1 FY2025 revenue of $47.6M, down 11% year-over-year from $53.7M, with consumer sales dropping 9% to $38.0M while institutional fell 21% to $9.4M; gross profit slid to $27.6M from $36.5M, shrinking margins to 58% from 68% due to expert incentives boosting utilization. Operating loss widened to $16.6M from $12.9M, and diluted EPS for Class A shares hit $(0.09) on 118,456 weighted shares, consistent with net loss attribution. Cash burned $6.4M in operations, yielding negative free cash flow of $7.6M (derived), leaving $44.9M in cash equivalents with no debt. A $2.0M legal settlement over independent contractor classification cleared in Q1. Revenue dipped seasonally, yet retention improved in newer cohorts. Losses remain a drag.
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