Nerdy Q3 revenue fell 10% to $33.2 million; adjusted EBITDA loss narrowed to $5.7 million

Nerdy reported third-quarter 2026 revenue of $33.2 million, down 10% from a year earlier but within its guidance range, and a GAAP net loss of $12.8 million, narrower than $18.7 million a year ago. The company also guided fourth-quarter revenue to $37.0 million to $39.0 million and adjusted EBITDA to approximately breakeven, citing fewer new learning membership customers than expected in the quarter.

Key points

• Q3 revenue of $33.2 million was within the $32.0 million to $35.0 million guidance range and down from $37.0 million in Q3 2025.
• Non-GAAP adjusted EBITDA loss was $5.7 million, ahead of the guidance range of negative $9.0 million to negative $6.0 million, and improved from a $10.2 million loss a year earlier.
• GAAP net loss was $12.8 million versus $18.7 million in Q3 2025; Active Members totaled 31.8 thousand, down 7% year over year.
• Q4 2026 guidance: revenue of $37.0 million to $39.0 million and non-GAAP adjusted EBITDA of approximately breakeven; cash at September 30 was $42.5 million.

The filing

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 6:16 PM ET, from this filing only.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.