NRDY News & Events

The company states: "The heavy lifting of the past 12 months is now pulling through to the financials. We are targeting breakeven non-GAAP adjusted EBITDA for the full year 2026, an improvement of more than 1,000 basis points for the full year versus 2025. We expect gross margin to expand each quarter as tutor-incentive programs are further optimized and as Consumer revenue continues to shift toward higher-frequency memberships. Combined with a lower overall cost structure that is leaner and more efficient, we believe these changes will deliver increasing operating leverage as revenue grows. We also will use AI to streamline our operations and further reduce costs. Our 2026 guidance does not yet reflect the full benefit of the new platform rollout, which is still early in adoption. We look forward to updating the market as we gather more data throughout the year."

Reports Q4 revenue $49.1M, consensus $45.7M. The company states: "In the fourth quarter, we delivered on the three goals we set entering 2025: return the business to growth, accelerate our transformation into an AI-native platform, and achieve positive non-GAAP adjusted EBITDA. We completed the rollout of our new Learner and Expert experiences in the fourth quarter with an AI-native codebase. We enter 2026 with a stronger, more flexible foundation, improved unit economics, and significantly higher product development velocity. Zooming out, we get a lot of questions about how AI is changing how we think about our business and our market. The demand signals we are seeing and the conversations we are having with customers indicate the market for high-quality, personalized 1:1 tutoring remains large and enduring, representing a significant opportunity for us to better serve and reach these learners. Roughly 50 million students progress through K-12 and higher education in the U.S. each year. Families seek premium private tutoring for meaningful, long-term goals, whether it's a first grader learning to read with a specialist, a high school junior aiming for an elite college, or a college student fighting to stay on the path to medical school. These are deeply personal journeys where sustained human connection, accountability, and expertise matter most. The U.S. academic tutoring market is estimated at approximately $20 billion, yet we currently serve fewer than 40,000 Active Members. Given our strong monetization, success does not require capturing the entire market. Meaningful penetration of the premium segment for high-quality, personalized tutoring already represents a substantial and durable opportunity. Most of the people I talk to, including almost all of the investors and research analysts we meet with, rely on dedicated tutors for exactly these reasons for their own children. Ask any parent if they prefer that their child learn from a human tutor or AI, and they will all provide the same answer: a human tutor. We're taking the best of both worlds and amplifying what would otherwise be possible. This is precisely why we invested so heavily in 2025 to rebuild our platform from the ground up with an entirely new AI-native codebase. AI now makes the expert tutors on our platform dramatically more effective by automating and personalizing the creation of perfect content and lessons for tutoring sessions, generating real-time insights, improving progress visibility for parents, and preserving the irreplaceable human relationships that drive outcomes. The result is a Live+AI(TM) model that lets us serve a meaningfully larger portion of this enduring premium market at consistently higher quality."