Nerdy Announces Third Quarter 2026 Financial Results
Business Wire•09/11/2026•16:01 ET
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Key Highlights
- ➤Q3 revenue $33.2 million, down 10% year-over-year, in guidance range
- ➤Adjusted EBITDA loss $5.7 million, ahead of guidance and improved from $10.2 million
- ➤Q4 revenue guidance $37.0 million-$39.0 million; adjusted EBITDA approximately breakeven
- ➤Cash $42.5 million; term-loan borrowings reached $30.0 million
- ➤Active Members 31.8 thousand, down 7% year-over-year, while ARPM fell 2%
Expert Statements
Chuck Cohn, Founder, Chairman and CEO of Nerdy
“Our third-quarter results were in line with expectations, with non-GAAP Adjusted EBITDA improving by $4.5 million year over year and non-GAAP Adjusted EBITDA margin expanding by over 1,000 basis points.”
Chuck Cohn, Founder, Chairman and CEO of Nerdy
“We also made important progress on our product transformation, rolling out a redesigned student experience and advancing new self-service commerce capabilities. Together, these improvements are designed to make it easier for families to get started, deliver more value between tutoring sessions, and create a more efficient, scalable business.”
Chuck Cohn, Founder, Chairman and CEO of Nerdy
“Our focus now is translating these investments into stronger customer acquisition, improved retention, and sustained profitable growth.”
Nerdy delivers third quarter revenue in line with guidance and non-GAAP adjusted EBITDA ahead of guidance, improving non-GAAP adjusted EBITDA margin by more than 1,000 basis points year-over-year.
Nerdy Inc. (NYSE: NRDY) today announced financial results for the third quarter ended September 30, 2026.
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