Nerdy Q2 FY26 net loss narrows 42.5% to $6.9 million; revenue falls 4% to $43.3 million
NRDY•Quarterly results
- 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 outlook and exits
- 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.
