Nerdy Inc - Class A

Nerdy Inc. (NYSE: NRDY) operates a live tutoring and intervention platform that combines human expertise with artificial intelligence to personalize learning, accelerate student achievement, and empower educators. The company's flagship business, Varsity Tutors, is one of the nation's largest platforms for live online tutoring and classes, offering Learning Memberships, one-on-one instruction, small group tutoring, large format classes, and adaptive assessments across thousands of subjects. Nerdy serves both direct-to-consumer customers (families and individual learners) and institutional customers (schools and districts) through its Varsity Tutors for Schools offering. The platform is built on an AI-native codebase that powers its V3 learner experience, which includes Maya, an AI concierge, a native mobile app, Tutor Gallery, Games, On-Demand Courses, and a growing library of over 10,000 lessons mapped to K-12 and college academic standards. The company generates revenue primarily through Consumer Learning Memberships, which account for approximately 80% of total revenue, with Institutional revenue comprising the remainder. Nerdy leverages AI not only in its product experience but also as an operating lever across software development, back-office workflows, and customer interactions to drive structural cost efficiency. The company has a $20 million term loan facility and is working toward free cash flow positive operations. Updated May 7, 2026