Nerdy, Inc. (NRDY) Earnings
Nerdy, Inc. is expected to report next earnings on August 6, 2026 (in NaN days), with a consensus EPS estimate of $-0.05. NRDY has beaten EPS estimates in 11 of its last 12 reported quarters (average surprise +35.8% over the last four).
| 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% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
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.