Nerdy Inc. Reports Decline in Quarterly Revenue

Nerdy ( (NRDY) ) has released its Q2 earnings. Here is a breakdown of the information Nerdy presented to its investors.

Nerdy Inc. operates a platform for live online learning, leveraging technology to connect learners with experts across various subjects and formats, primarily in the education technology sector.

In its latest earnings report, Nerdy Inc. revealed a decrease in revenue for the quarter ending June 30, 2025, compared to the same period in 2024, primarily due to lower institutional revenue and the non-recurrence of a specific state-funded consumer revenue program.

Key financial metrics showed a decline, with revenue dropping by 11% to $45.3 million for the quarter and a net loss of $12 million. The company experienced a decrease in gross profit margin due to increased expert incentives, although it anticipates sequential improvements in gross margin throughout the year. Operating expenses were reduced by 18% due to efficiency gains and cost-cutting measures.

Looking ahead, Nerdy Inc. aims to capitalize on AI-driven productivity improvements and product enhancements to drive future growth, particularly in the institutional space, while maintaining a focus on operational efficiency.