Nerdy Q2 FY26 net loss narrows 42.5% to $6.9 million; revenue falls 4% to $43.3 million

Reuters2026/08/06 20:04

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Nerdy reported Q2 revenue down 4% year over year to $43.3 million, matching its $42 million-$44 million guidance range.
Net loss narrowed to $6.9 million; non-GAAP adjusted EBITDA loss improved to $0.9 million from $2.7 million a year earlier.
Gross margin widened 3.2 percentage points to 64.7% on lower internal-use software amortization and lower Expert costs.
Consumer revenue was $36.5 million; ARPM rose 5% to $366 while Active Members fell 5% to 29,100.
Full-year revenue outlook cut to $168 million-$175 million as Nerdy exits First Tutors and shuts down Varsity Tutors for Schools, with $2 million-$4 million of exit costs expected.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nerdy Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260806247933) on August 06, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

Nerdy Q2 FY26 net loss narrows 42.5% to $6.9 million; revenue falls 4% to $43.3 million

You may also like

Crypto prices