Nerdy Slashes 2026 Revenue Outlook by $12M, Exits School Tutoring Business
NRDY is trading near its 52-week low of $0.75 (4.0% above the low) on light trading volume (0.4× avg).
Summary
Nerdy's Q2 revenue fell 4% year-over-year, driven by fewer active members, though higher revenue per member partially offset the decline. Adjusted EBITDA loss narrowed to $900K, beating the $1M consensus loss, and gross margin improved to 64.7%. The company announced it will exit the UK First Tutors platform and shut down Varsity Tutors for Schools, incurring Q3 exit costs. Full-year 2026 revenue guidance was cut to $168M-$175M from $180M-$190M, with adjusted EBITDA now expected between a $4M loss and breakeven. This follows a series of insider purchases by the CEO totaling over $2.1M since December 2025 and a pending reverse stock split vote on August 13 to address the sub-$1 share price. The guidance cut and business exits signal deeper structural challenges, putting pressure on the upcoming shareholder meeting.
At the time of this announcement, NRDY was trading at $0.78 on NYSE in the Trade & Services sector, with a market capitalization of approximately $160.7M. The 52-week trading range was $0.75 to $1.50. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Reuters.