Nerdy reported Q2 2025 revenue of $45.3 million, within guidance, despite an 11% year-over-year decrease primarily due to lower Institutional revenue and the non-recurrence of a specific state-funded consumer program. The company saw a return to growth in Consumer Learning Membership revenue and beat its Non-GAAP Adjusted EBITDA Loss guidance, reinforcing its path to profitability by Q4 2025.
Revenue for Q2 2025 was $45.3 million, aligning with guidance but down 11% year-over-year.
Consumer Learning Membership revenue increased 4% year-over-year, reaching $37.8 million and representing 84% of total revenue.
Non-GAAP Adjusted EBITDA Loss was $2.7 million, outperforming guidance of negative $3.0 million to negative $6.0 million.
The company maintains a strong liquidity position with $36.7 million in cash and no debt.
Nerdy is introducing third quarter guidance and updating full year guidance for 2025, expecting continued sequential revenue growth and progress towards non-GAAP adjusted EBITDA profitability by Q4.
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