Nerdy Inc. — Form 8-K
Filed August 6, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 52/100
What the filing says
Nerdy announced Q2 2026 revenue of $43.3M (down 4% YoY), with Consumer revenue at $36.5M (84% of total). The company will wind down Varsity Tutors for Schools and exit First Tutors (UK), expecting $2–4M in exit costs (mostly Q3). This drives a full-year revenue guidance reduction from $180–190M to $168–175M. Cash on hand is $38.4M (down from $47.9M at year-end 2025); year-end cash expected $30–32M. Active Members: 29.1k (down 5% YoY, but decline narrowing for 4 consecutive quarters); ARPM: $366 (up 5% YoY). Non-GAAP adjusted EBITDA loss narrowed to −$0.9M (vs. −$2.7M prior year).
Why this rating
Material portfolio restructuring (~$12M annual revenue from VT4S eliminated, ~$11M fixed-cost savings offset by exit drag). Relative to $98.7M market cap, this is meaningful but company retains core growth path and positive margin trajectory. Execution risk on recovery.
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