Filing Flows › Nerdy (NRDY) › Q2 2026
Nerdy (NRDY) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
Nerdy (NRDY) reported revenue of $43.2M for the second quarter 2026 (Q2 2026), -4% from a year earlier and -11% from the quarter before. Operating margin was -15.0%, net loss $6.9M (15.9% of revenue).
Nerdy, Q2 2026: revenue $43.2M (-4% year over year), operating margin -15.0%, net loss $6.9M, operating cash flow −$4.7M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $43.2M | -11% | -4% |
| Operating profit | −$6.5M | — | — |
| Net earnings | −$6.9M | — | — |
| Operating cash flow | −$4.7M | — | — |
What changed
Revenue was $43.2M in Q2 2026, down 4% year over year and down 11% from the previous quarter.
Gross margin was 64.7%, up 3.2 points from Q2 2025. Operating costs exceeded revenue by $6.5M, an operating margin of -15.0%. Operating expenses fell 14% while revenue fell 4%. The quarter ended with a net loss of $6.9M, wider than the previous quarter's $6.1M loss. Minority interests bore $2.2M of it: to shareholders the quarter was a loss of $4.7M.
Operating cash flow was −$4.7M. Non-cash charges added back $275K of depreciation and amortization and $3.9M of share-based compensation. Working capital and other items used $2.0M. Capital expenditures of $1.5M exceeded it, leaving free cash flow of −$6.3M.
Questions
What was Nerdy's revenue in the second quarter 2026?
Nerdy (NRDY) reported revenue of $43.2M for the second quarter 2026 (Q2 2026), -4% from a year earlier and -11% from the quarter before.
Was Nerdy profitable in the second quarter 2026?
Operating loss was $6.5M (-15.0% of revenue) and net loss $6.9M.
Source: Nerdy 10-Q on SEC EDGAR.