Short answer
Nerdy Inc. (NRDY) filed its Q2 2026 10-Q quarterly report on Aug 6, 2026 for the quarter ended Jun 30, 2026. Quarterly revenue was $43M (down 4.5% year over year) with net income of −$5M.
Q2 2026 key financials · XBRL
- Revenue
- $43M
- −4.5% YoY · −11.3% QoQ
- Net income
- −$5M
- +41.1% YoY · −14.2% QoQ
- Operating margin
- -15.0%
- Gross margin
- 64.7%
- EPS (diluted)
- −$0.04
- +33.3% YoY · −33.3% QoQ
Source: XBRL data from the Nerdy Inc. (NRDY) Q2 2026 10-Q on SEC EDGAR. USD.
Nerdy Inc. Q2 2026 10-Q analysis
AI summary of MD&A and risk factor updates
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
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
Other Nerdy Inc. quarterly reports
Ask about this quarter
Compare quarters, check guidance or see what insiders and funds did around the report.