Short answer
Nerdy Inc. (NRDY) filed its Q1 2026 10-Q quarterly report on May 7, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $49M (up 2.4% year over year) with net income of −$4M.
Q1 2026 key financials · XBRL
- Revenue
- $49M
- +2.4% YoY
- Net income
- −$4M
- +61.2% YoY
- Operating margin
- -11.9%
- Gross margin
- 66.2%
- EPS (diluted)
- −$0.03
- +66.7% YoY
Source: XBRL data from the Nerdy Inc. (NRDY) Q1 2026 10-Q on SEC EDGAR. USD.
Nerdy Inc. Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $48.735M, up 2% YoY from $47.595M, driven by Consumer revenue up 3% to $39.284M
- Gross margin 66% vs 58% YoY; operating margin (12%) vs (35%); net loss $6.128M vs $16.151M
- Institutional revenue down 1% to $9.294M; Other revenue down 22% to $157K
- Cash $44.698M vs $47.895M at December 31, 2025; operating cash use $1.780M vs $6.444M
- Management expects cash sufficiency for next 12 months; headwinds include cumulative losses, negative operating cash flow, and term-loan obligations
Risk Factors
- No newly added risk factor; company reported no material changes from the 2025 Annual Report
- Carried-forward business risk: previously disclosed risks could materially adversely affect business, financial condition, results, and cash flows
- Regulatory risk: additional unknown or currently immaterial risks may impair operations and cash flows
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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