Filing Flows › Nerdy (NRDY) › Q1 2026
Nerdy (NRDY) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Nerdy (NRDY) reported revenue of $48.7M for the first quarter 2026 (Q1 2026), +2% from a year earlier and -0.8% from the quarter before. Operating margin was -11.9%, net loss $6.1M (12.6% of revenue).
Nerdy, Q1 2026: revenue $48.7M (+2% year over year), operating margin -11.9%, net loss $6.1M, operating cash flow −$1.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $48.7M | -0.8% | +2% |
| Operating profit | −$5.8M | — | — |
| Net earnings | −$6.1M | — | — |
| Operating cash flow | −$1.8M | — | — |
What changed
Revenue was $48.7M in Q1 2026, up 2% year over year and down 1% from the previous quarter.
Gross margin was 66.2%, up 8.2 points from Q1 2025. Operating costs exceeded revenue by $5.8M, an operating margin of -11.9%. Operating expenses fell 14% while revenue rose 2%. The quarter ended with a net loss of $6.1M, narrower than the previous quarter's $14.0M loss. Minority interests bore $2.1M of it: to shareholders the quarter was a loss of $4.1M.
Operating cash flow was −$1.8M. Non-cash charges added back $301K of depreciation and amortization and $6.0M of share-based compensation. Working capital and other items used $1.9M. Capital expenditures of $1.2M exceeded it, leaving free cash flow of −$3.0M.
Questions
What was Nerdy's revenue in the first quarter 2026?
Nerdy (NRDY) reported revenue of $48.7M for the first quarter 2026 (Q1 2026), +2% from a year earlier and -0.8% from the quarter before.
Was Nerdy profitable in the first quarter 2026?
Operating loss was $5.8M (-11.9% of revenue) and net loss $6.1M.
Source: Nerdy 10-Q on SEC EDGAR.