Nerdy Reports Third-Quarter 2026 Revenue of $33.2 Million
Revenue fell 10% year over year, within the company’s prior guidance range of $32.0 million to $35.0 million. Adjusted EBITDA improved by $4.5 million year over year, and adjusted EBITDA margin expanded by more than 1,000 basis points.
Nerdy, Inc. reported third-quarter 2026 revenue of $33.2 million, which fell within its previously stated guidance range of $32.0 million to $35.0 million. The company noted a 10% year-over-year revenue decline, attributed to the wind-down of its VT4S institutional business line and lower consumer revenue. Despite the revenue dip, Nerdy improved its non-GAAP adjusted EBITDA by $4.5 million year-over-year and expanded its non-GAAP adjusted EBITDA margin by over 1,000 basis points.
As of September 30, 2026, the company held $42.5 million in cash and cash equivalents, which management stated provides sufficient liquidity for operations and growth initiatives.