Filing Flows › Nerdy (NRDY) › Q2 2025
Nerdy (NRDY) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 7, 2025
Nerdy (NRDY) reported revenue of $45.3M for the second quarter 2025 (Q2 2025), -11% from a year earlier and -5% from the quarter before. Operating margin was -27.1%, net loss $12.0M (26.5% of revenue).
Nerdy, Q2 2025: revenue $45.3M (-11% year over year), operating margin -27.1%, net loss $12.0M, operating cash flow −$7.0M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $45.3M | -5% | -11% |
| Operating profit | −$12.3M | — | — |
| Net earnings | −$12.0M | — | — |
| Operating cash flow | −$7.0M | — | — |
What changed
Revenue was $45.3M in Q2 2025, down 11% year over year and down 5% from the previous quarter.
Gross margin was 61.5%, down 4.2 points from a year earlier. Operating costs exceeded revenue by $12.3M, an operating margin of -27.1%. Operating expenses fell 18% while revenue fell 11%. The quarter ended with a net loss of $12.0M, narrower than the previous quarter's $16.2M loss. Minority interests bore $4.1M of it: to shareholders the quarter was a loss of $7.9M.
Operating cash flow was −$7.0M. Non-cash charges added back $290K of depreciation and amortization and $7.5M of share-based compensation. Working capital and other items used $2.9M. Capital expenditures of $1.2M exceeded it, leaving free cash flow of −$8.2M.
Questions
What was Nerdy's revenue in the second quarter 2025?
Nerdy (NRDY) reported revenue of $45.3M for the second quarter 2025 (Q2 2025), -11% from a year earlier and -5% from the quarter before.
Was Nerdy profitable in the second quarter 2025?
Operating loss was $12.3M (-27.1% of revenue) and net loss $12.0M.
Source: Nerdy 10-Q on SEC EDGAR.