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Nerdy Inc
NYSE:NRDY

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Nerdy Inc
NYSE:NRDY
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Price: 0.9093 USD 5% Market Closed
Market Cap: $113m

Nerdy Inc
Investor Relations

Nerdy, Inc. engages in the operation of a platform for live online learning with a mission to transform the way people learn through technology. The company is headquartered in St. Louis, Missouri and currently employs 1,000 full-time employees. The company went IPO on 2020-11-27. The firm offers Nerdly, a platform that leverages technology, including artificial intelligence (AI), to connect learners of all ages to professors. The firm's learning destination provides learning experiences across approximately 3,000 subjects and multiple formats, including one-on-one instruction, small group classes, large format group classes, adaptive self-study, and varsity tutors for schools. The platform's one-on-one provides post-session recordings to review and preserve what was covered, and on-demand help is available at a moment’s notice. Its small group classes consists of five to fifteen learners and provides interaction, collaboration, and tailored lessons. Its large format group classes provides learning for learners of all ages and accommodates approximately 500-50K learners.

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Last Earnings Call
Fiscal Period
Q4 2025
Call Date
Feb 26, 2026
AI Summary
Q4 2025

Revenue Beat: Q4 revenue was $49.1 million, above the top end of guidance and consensus expectations, and up 2% year-over-year.

Return to Growth: Nerdy saw both its consumer and institutional businesses grow simultaneously for the first time since Q1 2024.

Profitability: Achieved positive non-GAAP adjusted EBITDA of $1.3 million, beating guidance, and marking a $6.8 million improvement from last year.

Gross Margin Expansion: Gross margin, excluding a one-time charge, reached 66.8%, up from 66.6% a year ago and improved sequentially for the third straight quarter.

Product Transformation: Completed a major platform rebuild, now AI-native, improving flexibility, customer experience, and product development speed.

Active Members: Ended the year with 33,200 active members and saw strong ARPM growth driven by higher frequency, higher-priced memberships.

2026 Guidance: Expects 2026 revenue between $180 million and $190 million, with both Q1 and full-year non-GAAP adjusted EBITDA targeted at breakeven.

Cost Discipline: Operating costs decreased sharply due to automation and a 22% reduction in headcount.

Key Financials
Revenue
$49.1 million
Non-GAAP Adjusted EBITDA
$1.3 million
Gross Margin
66.8%
Active Members
33,200
ARPM (Average Revenue Per Member)
$364
Learning Memberships Revenue
$41.6 million
Institutional Revenue
$7.2 million
Cash and Cash Equivalents
$47.9 million
Headcount
Down 22% year-over-year as of December 31
Sales and Marketing Expenses
$14.2 million
General and Administrative Expenses
$24.7 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Charles Cohn
Founder, Chairman, President & CEO
No Bio Available
Mr. Jason H. Pello
Chief Financial Officer
No Bio Available
Mr. Christopher C. Swenson
Chief Legal Officer & Corporate Secretary
No Bio Available
Mr. Jared Wolf
Chief Market Operations Officer
No Bio Available
Mr. Julian Merschen
Chief Technology Officer
No Bio Available
Ms. Rian Schilligo
Chief People Officer
No Bio Available
Mr. Dan Lee
Chief Analytics Officer
No Bio Available
Mr. Karthik Anbalagan
Chief Audience Officer
No Bio Available
Mr. Anthony Salcito
Chief Institution Business Officer
No Bio Available
Mr. Jason Botel
Head of Government Relations
No Bio Available

Contacts

Address
MISSOURI
St. Louis
101 S. Hanley Rd., Suite 300, 301 Commerce Street, Suite 3300
Contacts
+13144121227.0
www.nerdy.com
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