NRDY
Nerdy, Inc.
Price as of Jul 20, 2026
NRDY earnings
Nerdy, Inc. earnings
Reported EPS and revenue history, upcoming estimates and available earnings-call summaries.
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 7, 2026 | $-0.05 | $-0.03 | +40.0% | $49M | +3.0% |
| Nov 6, 2025 | $-0.16 | $-0.10 | +37.5% | $37M | -19.1% |
| Aug 7, 2025 | $-0.10 | $-0.07 | +30.0% | $45M | +7.7% |
| May 8, 2025 | $-0.14 | $-0.09 | +35.7% | $48M | +2.3% |
| Feb 27, 2025 | $-0.14 | $-0.09 | +35.7% | $48M | +6.7% |
| Nov 7, 2024 | $-0.23 | $-0.14 | +39.1% | $38M | -16.6% |
| Aug 8, 2024 | $-0.12 | $-0.08 | +33.3% | $51M | -0.4% |
| Feb 27, 2024 | $-0.11 | $-0.05 | +54.5% | $55M | +5.5% |
| Feb 28, 2023 | $-0.16 | $-0.04 | +75.0% | $42M | -9.8% |
| Nov 14, 2022 | $-0.20 | $-0.18 | +10.0% | $32M | +0.2% |
| Aug 15, 2022 | $-0.15 | $-0.21 | -40.0% | $42M | +9.6% |
| May 16, 2022 | $-0.23 | $-0.21 | +8.7% | $47M | +0.4% |
Earnings call summary
Q1 FY2026 · May 7, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
Beat revenue guidance, delivered second consecutive quarter of positive non-GAAP adjusted EBITDA. Translated AI Native Foundation into learner-facing product. Product velocity with AI-native codebase visible. Cost structure better due to AI. Rate of decline in active members narrowed. Launched new learner experience V3. Upcoming product releases in college/career readiness, daily math/reading content, language learning. Utilizing AI internally for product velocity and productivity.
Guidance
Second quarter 2026 revenue expected $42-44M. Full year 2026 revenue expected $180-190M. Second quarter 2026 non-GAAP adjusted EBITDA expected negative $2M to break even. Full year 2026 non-GAAP adjusted EBITDA expected approximately break even.
Segment performance
In Q1 2026, revenue was $48.7 million, above the guidance range. Learning membership revenue was $38.9 million, 80% of total revenue. Institutional revenue was $9.3 million, 19% of total revenue. Non-GAAP adjusted EBITDA was positive $1 million. Gross margin reached 66.2%, expanding over 800 basis points year over year.
Risks & headwinds
Forward-looking statements involve significant risks and uncertainties. Refer to SEC filings for discussion of risks. Not all financial measures prepared in accordance with GAAP.
Analyst Q&A
Q: Brian asks about confidence in achieving active member growth and timeline of migrating to V3.
A: Chuck talks about product velocity, new cohorts showing good retention, expecting to get 100% existing customers on new experience. Athol adds on retention driving higher LTV.
Q: Greg follows up on churn and full year guidance.
A: Chuck mentions active member trend improving, cost structure improvements, Q2 and Q3 seasonally weaker, Q4 picks up.
Earnings history is derived from company filings and calendar data. Call summaries are grouped by reporting period. Latest covered event: 2026-08-06.