Nerdy reported Q4 2025 revenue of USD 49.1 million, up 2% year-over-year, exceeding its guidance range of USD 45 million to USD 47 million. Q4 net loss was USD 14.0 million, while non-GAAP adjusted EBITDA was USD 1.3 million, compared with a non-GAAP adjusted EBITDA loss of USD 5.5 million a year earlier. Gross margin (excluding a charge for the abandonment of capitalized internal-use software) was 66.8% in Q4. In Consumer, Q4 Learning Membership revenue was USD 41.6 million, up 6% year-over-year and representing 85% of total revenue; Active Members were 33.2 thousand at quarter-end and ARPM was USD 364, up 21% year-over-year. Institutional revenue was USD 7.2 million in Q4, up 6% year-over-year; Varsity Tutors for Schools executed 56 contracts and quarterly bookings were USD 4.1 million, down 11% year-over-year, with performance cited as affected by federal and state funding delays. Nerdy ended 2025 with cash and cash equivalents of USD 47.9 million. For Q1 2026, Nerdy guided revenue of USD 46 million to USD 48 million and non-GAAP adjusted EBITDA of approximately breakeven; for FY 2026, it guided revenue of USD 180 million to USD 190 million and non-GAAP adjusted EBITDA of approximately breakeven, and expects to end 2026 with USD 40 million to USD 45 million of cash, inclusive of USD 20 million funded under a new term loan. The company said it completed the rollout of new Learner and Expert user experiences during Q4 and is focused in 2026 on leveraging AI for personalized learning and improving tutor effectiveness.

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: 20260226513294) on February 26, 2026, and is solely responsible for the information contained therein.