Nerdy Inc. (NYSE: NRDY) named Atul Bagga as its new Chief Financial Officer, effective April 6, 2026. Bagga joins the company after a career that includes CFO roles at JLL Technologies and Amazon Web Services, and a senior finance position at Zynga. His experience in high‑growth technology firms positions Nerdy to strengthen its financial operations as it scales its AI‑native Live + AI™ learning platform.
The appointment comes on the heels of a strong Q4 2025 earnings report in which Nerdy posted revenue of $49.1 million, up 2 % year‑over‑year from $48.0 million in Q4 2024, and achieved its first positive non‑GAAP Adjusted EBITDA of $1.3 million, a turnaround from a $5.5 million loss in the same quarter of 2024. The company also reported a gross margin of 66.8 % in Q4 2025, up from 58.0 % in Q1 2025, reflecting improved pricing and cost discipline.
Revenue growth was driven by the consumer segment, which generated $41.6 million—85 % of total revenue—in Q4 2025, while institutional revenue rose to $7.2 million. In Q1 2025, consumer Learning Memberships accounted for $37.9 million (80 % of revenue) and institutional revenue was $9.4 million. The company attributes the Q4 2025 rebound to a 6 % year‑over‑year increase in Learning Membership revenue and a 21 % rise in average revenue per member.
CEO Chuck Cohn said, "Atul is a disciplined and strategic financial leader with deep experience scaling high‑growth technology organizations and driving operational excellence. As we enter our next phase of growth from a position of strength, we remain focused on disciplined execution, continued margin expansion, and durable value creation. Atul's background will be instrumental in building on the strong foundation we have established." Bagga added, "I'm excited to join Nerdy at this moment of strength. Our platform delivers high‑quality live tutoring powered by advanced AI capabilities that drive greater personalization, efficiency, and improved student outcomes. I look forward to partnering with Chuck and the team to accelerate growth and deliver long‑term value while advancing our mission of helping every student reach their full potential."
Nerdy’s strategic focus on its AI‑native Live + AI™ platform is expected to accelerate unit economics and product development velocity. The company projects full‑year 2026 revenue between $180 million and $190 million and anticipates non‑GAAP Adjusted EBITDA near breakeven, representing over 1,000 basis points of margin improvement compared with 2025. The CFO appointment signals confidence that Nerdy can sustain its momentum and deliver profitable growth.
Investors have responded cautiously to the company’s recent earnings, noting that while revenue and EBITDA improved, the EPS of –$0.08 in Q4 2025 missed the consensus estimate of –$0.06. The market reaction reflects concerns about the company’s ability to maintain profitability while investing heavily in AI and scaling its platform.
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