Nerdy, Inc. Class A (NRDY)

Nerdy announced its third-quarter 2025 financial results with a revenue decrease and a net loss in November 2025. CEO Chuck Cohn purchased $4.4 million worth of Nerdy common stock between November and December 2025. The company's market capitalization dropped in December 2025. Nerdy announced its fourth-quarter 2025 financial results with a revenue increase and positive non-GAAP adjusted EBITDA in February 2026. Nerdy received a notice from the NYSE in March 2026. Atul Bagga was appointed as the new CFO in April 2026. Nerdy released its first-quarter 2026 financial results, exceeding revenue guidance and achieving positive non-GAAP adjusted EBITDA in May 2026. Nerdy's stock price experienced a slight decline after the Q1 2026 earnings announcement. The company's stock price has decreased significantly over the last 12 months and year-to-date as of May 9, 2026.

Demand for Nerdy's services is seasonal, spiking at the beginning of the academic year and during examination periods. The summer months are typically the quietest. Seasonality was cited as a key headwind in Nerdy's Q2 2026 guidance. Expansion into adult learning could help reduce the impact of academic seasonality.

Nerdy, Inc. is an American education technology company operating a live online learning marketplace. Its mission is to transform learning through technology, using human expertise and AI to personalize learning and empower educators. Nerdy operates in the Consumer Services and Technology sectors, specifically within Education Services and Software - Application industries. Through its Varsity Tutors platform, Nerdy connects learners with educators, offering one-on-one instruction, small group tutoring, large format classes, learning memberships, Varsity Tutors for Schools, AI-enabled tools, adaptive assessments, and on-demand courses.

Nerdy, Inc. is headquartered in St. Louis, Missouri, and its platform is accessible across all 50 U.S. states and select international markets. The company operates as a remote-first company.

Nerdy has positioned itself as a leading platform for live online learning, emphasizing AI for personalized learning experiences. The rebranding from Varsity Tutors to Nerdy in 2022 aimed to reflect a broader suite of services. Recent product developments contribute positively to its brand image. The competitive online tutoring market could pose challenges to maintaining a unique brand perception.

Nerdy, Inc.'s ownership includes institutional, insider, and retail investors. Major institutional owners include BlackRock, Inc., Technology Crossover Management VIII, Ltd., and Vanguard Group Inc. Charles K. Cohn is the largest individual shareholder, owning approximately 30.83% of the company's shares. Insiders collectively hold a substantial portion of the company's stock.