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Nerdy (NRDY)
NYSE:NRDY
Earnings Data
Report Date
May 12, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
>-0.01Last Year’s EPS
-0.09Same Quarter Last Year
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a clear progression from restructuring to recovery: management delivered sequential improvement in growth, positive non-GAAP adjusted EBITDA, substantial ARPAM increases, and completion of an AI-native platform with strong early customer feedback. These operational and margin improvements were balanced against institutional funding headwinds, an abandonment charge tied to the replatform, and the need to grow a relatively small active member base. Management provided constructive 2026 guidance (revenue range and target breakeven adjusted EBITDA) and affirmed adequate near-term liquidity, suggesting momentum headed into the year.Company Guidance
Return to Revenue Growth and Beat Guidance
Q4 revenue of $49.1M, up 2% year-over-year (from $48.0M) and above guidance ($45M–$47M). This marks the first quarter since 2024 with simultaneous consumer and institutional growth and the third consecutive quarter of sequential improvement in year-over-year growth rates.
Positive Adjusted EBITDA and Large Year-over-Year Improvement
Q4 non-GAAP adjusted EBITDA of positive $1.3M beat guidance (-$2M to breakeven) and improved by $6.8M versus Q4 2024 (prior-year loss of $5.5M). Non-GAAP adjusted EBITDA margin expanded by more than 1,400 basis points year-over-year.
Strong Consumer Monetization and ARPAM Growth
Consumer learning membership revenue of $41.6M (85% of total revenue) increased 6% year-over-year. Average revenue per active member (ARPAM) reached $364 at year-end, a 21% increase year-over-year, driven by a shift to higher-frequency memberships and price increases for new customers.
Gross Margin Expansion and Operational Efficiency
Non-GAAP adjusted gross margin (excluding one-time abandonment charge) was 66.8% in Q4 and improved sequentially for the third consecutive quarter. Management cites gross margin expansion from mix shift to higher-frequency memberships, tutor incentive optimization, and automation-driven efficiencies (headcount down ~22% year-over-year).
Completed AI-Native Platform Rebuild with Positive Customer Feedback
Rollout of new learner and expert experiences completed in Q4 on an AI-native code base. Customer survey of 277 active customers: 85% rated the new platform better or the same and overall customer satisfaction was 82%. 'Moments of learning' feature received >95% positive feedback and drove higher session utilization and improved retention.
Clear 2026 Guidance and Liquidity Position
Company provided Q1 2026 revenue guidance of $46M–$48M and full-year 2026 revenue guidance of $180M–$190M. Q1 and full-year 2026 non-GAAP adjusted EBITDA expected to be approximately breakeven (targeting >1,000 basis point improvement vs 2025). Cash and cash equivalents of $47.9M as of 12/31/2025; expect year-end 2026 cash of $40M–$45M (inclusive of $20M term loan).
NRDY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
NRDY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 26, 2026 | $0.93 | $0.96 | +3.88% |
Nov 06, 2025 | $0.94 | $0.86 | -8.51% |
Aug 07, 2025 | $1.50 | $1.28 | -14.67% |
May 08, 2025 | $1.63 | $1.53 | -6.13% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Nerdy (NRDY) report earnings?
Nerdy (NRDY) is schdueled to report earning on May 12, 2026, After Close (Confirmed).
What is Nerdy (NRDY) earnings time?
Nerdy (NRDY) earnings time is at May 12, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NRDY EPS forecast?
NRDY EPS forecast for the fiscal quarter 2026 (Q1) is >-0.01.