Filing Flows › Nerdy (NRDY) › Q3 2026
Nerdy (NRDY) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 9, 2026
Nerdy (NRDY) reported revenue of $33.2M for the third quarter 2026 (Q3 2026), -10% from a year earlier and -23% from the quarter before. Operating margin was -37.3%, net loss $12.8M (38.7% of revenue).
Nerdy, Q3 2026: revenue $33.2M (-10% year over year), operating margin -37.3%, net loss $12.8M, operating cash flow −$4.6M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $33.2M | -23% | -10% |
| Operating profit | −$12.4M | — | — |
| Net earnings | −$12.8M | — | — |
| Operating cash flow | −$4.6M | — | — |
What changed
Revenue was $33.2M in Q3 2026, down 10% year over year and down 23% from the previous quarter.
Gross margin was 59.7%, down 3.3 points from Q3 2025. Operating costs exceeded revenue by $12.4M, an operating margin of -37.3%. Operating expenses fell 24% while revenue fell 10%. The quarter ended with a net loss of $12.8M, wider than the previous quarter's $6.9M loss. Minority interests bore $4.3M of it: to shareholders the quarter was a loss of $8.6M.
Operating cash flow was −$4.6M. Non-cash charges added back $263K of depreciation and amortization and $1.8M of share-based compensation. Working capital and other items added $6.2M. Capital expenditures of $1.3M exceeded it, leaving free cash flow of −$5.9M.
Questions
What was Nerdy's revenue in the third quarter 2026?
Nerdy (NRDY) reported revenue of $33.2M for the third quarter 2026 (Q3 2026), -10% from a year earlier and -23% from the quarter before.
Was Nerdy profitable in the third quarter 2026?
Operating loss was $12.4M (-37.3% of revenue) and net loss $12.8M.
Source: Nerdy 10-Q on SEC EDGAR.