Short answer
Nerdy Inc. (NRDY) filed its Q3 2025 10-Q quarterly report on Nov 6, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $37M (down 1.4% year over year) with net income of −$12M.
Q3 2025 key financials · XBRL
- Revenue
- $37M
- −1.4% YoY · −18.2% QoQ
- Net income
- −$12M
- +22.7% YoY · −55.6% QoQ
- Operating margin
- -51.5%
- Gross margin
- 62.9%
- EPS (diluted)
- −$0.11
- +21.4% YoY · −83.3% QoQ
Source: XBRL data from the Nerdy Inc. (NRDY) Q3 2025 10-Q on SEC EDGAR. USD.
Nerdy Inc. Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Risk Factors
- New indebtedness risk from $50M Term Loan Agreement with Hercules entered November 3, 2025, imposing restrictive covenants on operations and asset liens
- Materially updated financial risk: interest-only payments for first 36 months, possible 12-month extension, then principal plus interest payments
- Compliance risk: potential acceleration of loan repayment and foreclosure on collateral if default under Loan Agreement occurs
- Operational risk: restrictive covenants may limit ability to dispose assets, merge, acquire, or incur additional indebtedness, impacting strategic flexibility
- Near-term market risk: reliance on ability to refinance or repay Term Loan at maturity amid uncertain financial market conditions
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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