Quarterly ResultMay 7, 2026, 04:20 PM
Nerdy Q1 Net Loss Narrows to $6.1M; Revenue Up 2%
AI Summary
Nerdy Inc. reported a significant reduction in its net loss for the first quarter of 2026, narrowing to $6.1 million from $16.2 million in the prior year. Revenue increased by 2% to $48.7 million, primarily driven by higher Consumer revenue and a 12% increase in Average Revenue per Member per Month (ARPM). The company also saw substantial improvements in gross profit and operating loss, alongside reduced operating expenses, reflecting efficiency gains. Active Members decreased year-over-year but increased sequentially.
Key Highlights
- Net loss narrowed by 62% to $6.1 million from $16.2 million year-over-year.
- Revenue increased 2% to $48.7 million, with Consumer revenue up 3% to $39.3 million.
- Gross profit rose 17% to $32.3 million, with gross margin expanding to 66% from 58%.
- Operating loss improved by 65% to $5.8 million from $16.6 million.
- Loss per share of Class A Common Stock improved to $(0.03) from $(0.09).
- Average Revenue per Member per Month (ARPM) increased 12% to $374.
- Net cash used in operating activities decreased 72% to $1.8 million.
- Active Members decreased 9% year-over-year to 36.9 thousand.
Price Impact
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