Nerdy Inc.

Unless otherwise stated or the context otherwise indicates, all references in this Form 10-K to Nerdy, the Company, us, our, or we mean Nerdy Inc. and its consolidated subsidiaries. Business Overview We operate a next-generation live tutoring and intervention platform that leverages the power of human expertise with advanced artificial intelligence ( AI ) to personalize learning, accelerate student achievement, and empower educators. Our mission is to transform the way people learn through technology. Our purpose-built proprietary platform leverages technology, including AI, to connect students, users, parents, guardians, and purchasers ( Learner(s) ) of all ages to tutors, instructors, subject matter experts, educators, and other professionals ( Expert(s) ), delivering superior value on both sides of the network. Our comprehensive learning destination provides learning experiences across numerous subjects and multiple formats, including one-on-one instruction, small group tutoring, large format classes, chat, essay review, adaptive assessments, and self-study tools. Our flagship business, Varsity Tutors LLC ( Varsity Tutors ), is one of the nation’s largest platforms for live online tutoring and classes. Our solutions are available to Learners either directly through Learning Memberships ( Consumers ) and through education systems ( Institutions ). Our platform offers Experts the opportunity to generate income from the convenience of home, while also increasing access for Learners by removing barriers to high-quality live online learning.