Founder, Chairman and Chief Executive Officer - Charles Cohn Operator: Good afternoon. Thank you for attending Nerdy Inc.'s Quarter 2 2026 Earnings Call. My name is Matthew, and I will be your moderator for today's call. [Operator Instructions] I would now like to pass the conference over to your host, T.J.
Lynn, Associate General Counsel of Nerdy. Lynn: Good afternoon, and thank you for joining us for Nerdy's Second Quarter 2026 Earnings Call. With me are Chuck Cohn, Founder, Chairman and Chief Executive Officer of Nerdy; and Atul Bagga, Chief Financial Officer.
Before I turn the call over to Chuck, I'll remind everyone that this discussion will contain forward-looking statements, including, but not limited to, expectations with respect to Nerdy's future financial and operating results, strategy, opportunities, plans and outlook. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results. Any forward-looking statements are made as of today's date, and Nerdy does not undertake or accept any obligation to publicly release any updates or revisions to any forward-looking statements to reflect any change in expectations or any change in events, conditions or circumstances on which any such statement is based.
Please refer to the disclaimers in today's shareholder letter announcing Nerdy's second quarter results and the company's filings with the SEC for a discussion of the risks. Not all of the financial measures that we will discuss today are prepared in accordance with GAAP. Please refer to today's shareholder letter for a reconciliation of these non-GAAP measures.
With that, let me turn the call over to Chuck. Charles Cohn: Thanks, TJ, and thank you to everyone for joining today's call. Q2 demonstrated continued improvement in Nerdy's operating performance.
It also made clear what the company is becoming, a focused consumer learning company built around one connected system for learning, tutoring and progress. Total revenue was $43.3 million with consumer generating $36.5 million or 84% of total revenue. Gross margin expanded 320 basis points to 64.7%.
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