Nerdy Inc. files 10-K

Nerdy Inc. reported a decrease in revenue for the year ended December 31, 2025, primarily due to lower institutional revenue and the non-recurrence of a state-funded program. The company also incurred a significant charge for abandoning capitalized internal-use software as part of its platform modernization. Despite these challenges, the company secured a $20 million term loan and is focused on improving operational execution and user experience.