NRDY at a glance
Nerdy Inc. (NRDY, SEC CIK 1819404) filed its latest 10-K annual report on February 26, 2026, a 10-Q quarterly report on August 6, 2026, an 8-K current report on September 8, 2026 and Form 4 insider filings as recently as September 15, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), Nerdy Inc. (NRDY) reported revenue of $179.0 million (down 5.9% from FY2024) and a net loss of $39.9 million. Diluted EPS was -$0.33.
- As of June 30, 2026, 15 institutional investment managers tracked by SignalX reported holding Nerdy Inc. (NRDY) shares worth $5.6 million in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by Swenson Christopher C. on September 11, 2026 of 1,741 shares at $9.05 per share.
- In the last 90 days, NRDY insiders reported 0 open-market purchases ($0) and 5 open-market sales ($102K) on Form 4, a net sale of $102K.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $179.0M
- −5.9% vs prior year
- Insiders · 90 days
- 0 buys · 5 sells
- Net −$102K
- 13F holders
- 15 funds
- $5.6M · −6 vs prior quarter
- Latest 8-K
- Sep 8, 2026
- Item 5.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business: Online education platform connecting students with tutors and courses
- No new products, services, or business segments introduced or emphasized this year
- Maintained prior ethical standards with updated Code of Conduct posted on website
- Proxy Statement incorporates executive compensation, ownership, related transactions, and principal accountant fees disclosures
- Filing notably focused on governance and compliance, lacking operational or financial updates in Business section
Risk Factors
- Regulatory risk: potential compliance impact from Children’s Online Privacy Protection Act (COPPA) given platform's large K-8 user base
- Macroeconomic threat: seasonal revenue decline in U.S. summer period due to school closures and lower institutional spending
- Operational risk: strategic abandonment of legacy software platform and write-off impacting cost of revenue for fiscal 2025
- Competitive risk: exposure to disruption from AI-native edtech platforms advancing personalized tutoring capabilities
- Financial risk: cost recognition from abandonment write-off affecting 2025 operating results and future innovation expenses
Management Discussion & Analysis
- Net losses $60.9M (2025) vs $67.1M (2024), negative operating cash flows $18.8M (2025) vs $15.6M (2024)
- Negative operating cash flows; no mention of buybacks or dividends; expect increased investments and expenses
- Forward risks from evolving business model, uncertainty of product adoption, economic headwinds, labor classification laws
AI summary of the NRDY 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Q2 revenue $43.231M, down 4% YoY from $45.263M, with Consumer revenue down 4% to $36.452M
- Gross margin 65% vs 62% YoY; operating margin (15%) vs (27%), with net loss margin (16%) vs (26%)
- Best category: Consumer revenue $36.452M; worst: Other revenue down 79% to $27K
- Cash $38.424M vs $47.895M at December 31; six-month operating cash use $6.525M vs $13.489M
- Varsity Tutors for Schools wind-down; estimated exit costs $2M–$4M, substantially in Q3 2026, with positive Active Member growth expected by year-end
Risk Factors
- Newly added NYSE compliance risk triggered by March 5, 2026 notice for sub-$1.00 average closing price
- Regulatory deadline: compliance required by September 5, 2026, with June 30 closing price at $0.92
- Reverse-split market risk: reduced liquidity and increased transaction costs from more odd-lot holders
- Governance risk: unchanged authorized preferred shares could enable issuance with superior voting or liquidation rights
- Listing risk: reverse split may fail to restore compliance with other NYSE qualitative or quantitative requirements
AI summary of the NRDY 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 5.02: Departure/Appointment of Directors or Principal Officers
- Kyle Callaway resigned as Chief Accounting Officer and principal accounting officer effective September 1, 2026
- Departure attributed to accepting another position, not disagreements over reporting, accounting policies, or internal controls
Item 8.01: Other Events
- Nerdy regained compliance with NYSE Section 802.01C, resolving its listing deficiency
- Continued NYSE listing reduces delisting risk and preserves shareholder trading access
Item 5.02: Departure/Appointment of Directors or Principal Officers
- COO John Paszterko removed effective immediately on August 20, 2026
- Abrupt executive departure creates near-term leadership and operational execution risk
AI summaries of NRDY 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for NRDY
Don't miss the next NRDY filing
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- Fund moves. Which tracked funds opened, added or cut NRDY, by share count.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Swenson Christopher C. | Sell | Sep 11, 2026 | 1,741 | $9.05 |
| Paszterko John Andrew | Sell | Jul 16, 2026 | 31,034 | $0.83 |
| Swenson Christopher C. | Sell | Jul 16, 2026 | 22,707 | $0.83 |
| Callaway Kyle | Sell | Jul 16, 2026 | 13,377 | $0.83 |
| Bagga Atul Madan Mohan | Sell | Jul 16, 2026 | 36,426 | $0.83 |
| Swenson Christopher C. | A | Jul 15, 2026 | 600,000 | - |
| Paszterko John Andrew | A | Jul 15, 2026 | 600,000 | - |
| Callaway Kyle | A | Jul 15, 2026 | 100,000 | - |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $190.2M | $179.0M |
| Gross Profit | - | $128.4M | $103.8M |
| Operating Income | - | -$70.1M | -$61.9M |
| Net Income | - | -$42.6M | -$39.9M |
| Gross Margin | - | 67.5% | 58.0% |
| Op. Margin | - | -36.9% | -34.6% |
| Net Margin | - | -22.4% | -22.3% |
| Balance Sheet | |||
| Total Assets | $124.7M | $92.5M | $76.2M |
| Equity | - | $39.5M | $19.0M |
| ROE | - | -107.9% | -210.0% |
| Per Share | |||
| EPS | - | $-0.38 | $-0.33 |
| Cash Flow | |||
| Operating CF | - | -$15.6M | -$18.8M |
| CapEx | $6.9M | $6.9M | $5.4M |
Source: XBRL data in Nerdy Inc. (NRDY)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate NRDY share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 15 | $5.6M |
| Q1 2026 | 21 | $10.3M |
| Q4 2025 | 19 | $12.5M |
| Q3 2025 | 19 | $20.9M |
| Q2 2025 | 23 | $28.8M |
| Q1 2025 | 19 | $18.4M |
| Q4 2024 | 16 | $19.7M |
| Q3 2024 | 10 | $10.1M |
- AQR Capital Management+432.7K (+97%)
- Goldman Sachs Group+128.8K (+35%)
- Citadel Advisors LLC+38.4K (+252%)
- Renaissance Technologies LLC+22.0K (+31%)
- FMR LLC (Fidelity)+1.6K (+24%)
- BlackRock−3.26M (-76%)
- State Street Corp−972.7K (-73%)
- Northern Trust−350.0K (-70%)
- Bank of America Corp−46.4K (-76%)
- Vanguard Capital Management LLC−40.6K (-2%)
- Millennium Management+499.2K
- Franklin Resources−2.31M
- Vanguard Portfolio Management LLC−354.9K
- BNY Mellon−182.6K
- T. Rowe Price Group−40.5K
- Wells Fargo & Co−21.9K
Source: 13F-HR filings on SEC EDGAR (aggregated from 142 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
NRDY filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Sep 15, 2026 | - | - | - |
| 8-K | Sep 8, 2026 | - | Analysis | - |
| 8-K | Sep 2, 2026 | - | Analysis | - |
| 8-K | Aug 21, 2026 | - | Analysis | - |
| 8-K | Aug 14, 2026 | - | Analysis | - |
| 10-Q | Aug 6, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Aug 6, 2026 | - | Analysis | - |
| 8-K | Aug 6, 2026 | - | Analysis | - |
| 4 | Jul 20, 2026 | - | - | - |
| 4 | Jul 20, 2026 | - | - | - |
| 4 | Jul 20, 2026 | - | - | - |
| 4 | Jul 20, 2026 | - | - | - |
| 4 | Jul 17, 2026 | - | - | - |
| 4 | Jul 17, 2026 | - | - | - |
| 4 | Jul 17, 2026 | - | - | - |
| 8-K | Jul 14, 2026 | - | Analysis | - |
| 4 | Jun 18, 2026 | - | - | - |
| 4 | Jun 16, 2026 | - | - | - |
| 4 | Jun 15, 2026 | - | - | - |
| 4 | Jun 12, 2026 | - | - | - |
| 4 | Jun 11, 2026 | - | - | - |
| 8-K | May 22, 2026 | - | Analysis | |
| 4 | May 20, 2026 | - | - | |
| 8-K | May 7, 2026 | - | Analysis | |
| 10-Q | May 7, 2026 | Mar 31, 2026 | Analysis |
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NRDY SEC filings: frequently asked questions
Are NRDY insiders buying or selling?
In the last 90 days, Nerdy Inc. (NRDY) officers, directors and 10% owners reported no open-market purchases and 5 open-market sales worth $101,698 by 4 insiders on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold NRDY stock?
As of June 30, 2026, the largest Nerdy Inc. (NRDY) holders among the 13F filers tracked by SignalX were Vanguard Capital Management LLC ($2.3 million), BlackRock ($932,000), AQR Capital Management ($805,000), Millennium Management ($457,000), Goldman Sachs Group ($456,000). 13F-HR reports are filed up to 45 days after each quarter ends.
What was NRDY's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Nerdy Inc. (NRDY) reported revenue of $179.0 million (down 5.9% from FY2024) and a net loss of $39.9 million. Diluted EPS was -$0.33. The figures come from the XBRL data in the 10-K.
What are the main risks in NRDY's latest 10-K?
In the 10-K filed February 26, 2026, Nerdy Inc. (NRDY) flagged: Regulatory risk: potential compliance impact from Children’s Online Privacy Protection Act (COPPA) given platform's large K-8 user base. Macroeconomic threat: seasonal revenue decline in U.S. summer period due to school closures and lower institutional spending. (AI summary of the Risk Factors section.)
What did NRDY report in its latest 8-K?
Nerdy Inc. (NRDY) filed an 8-K on September 8, 2026 reporting Item 5.02 (Departure/Appointment of Directors or Principal Officers). Kyle Callaway resigned as Chief Accounting Officer and principal accounting officer effective September 1, 2026.
What are the latest NRDY SEC filings?
Nerdy Inc. (NRDY) filed its latest 10-K annual report on February 26, 2026, a 10-Q quarterly report on August 6, 2026, an 8-K current report on September 8, 2026 and a Form 4 insider filing on September 15, 2026.
What is NRDY's SEC CIK number?
Nerdy Inc. (NRDY)'s SEC Central Index Key (CIK) is 1819404. EDGAR lists every NRDY filing under that number.
Ask anything about NRDY
The research agent reads NRDY's filings, financials, insider trades and 13F holders, then answers with sources.