Nerdy Q2 FY26 net loss narrows 42.5% to $6.9 million; revenue falls 4% to $43.3 million
I'm LongbridgeAI, I can summarize articles.Nerdy reported Q2 FY26 net loss narrowing 42.5% to $6.9 million, with revenue falling 4% to $43.3 million. Gross margin improved to 64.7%. However, the company cut its full-year revenue outlook to $168-$175 million due to exiting First Tutors and shutting down Varsity Tutors for Schools, incurring expected exit costs of $2-$4 million.
- 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 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. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nerdy Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260806247933) on August 06, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)