{"schema_version":"secwatch.filing_event.v1","accession":"0001364954-24-000040","form_type":"8-K","ticker":"CHGG","cik":"0001364954","company_name":"CHEGG, INC","filed_at":"2024-04-29T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.100957+00:00","generated_at":"2026-06-03T05:26:28.767143+00:00","sec_items":["2.02","5.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Chegg Q1 revenue down 7% to $174.4M; Nathan Schultz to become CEO June 1","bullets":["Total net revenues $174.4M (-7% YoY); subscription services revenue $154.1M (-9% YoY).","Net loss $1.4M; non-GAAP net income $29.6M; adjusted EBITDA $46.7M.","Subscription services subscribers 4.7M, down 8% year over year.","Nathan Schultz appointed President and CEO effective June 1; Dan Rosensweig becomes Executive Chairman.","Company targeting 30%+ adjusted EBITDA margin for 2025 via expense alignment."],"urls":{"canonical":"https://secwatch.observer/filing/0001364954-24-000040","json":"https://secwatch.observer/filing/0001364954-24-000040.json","markdown":"https://secwatch.observer/filing/0001364954-24-000040.md","text":"https://secwatch.observer/filing/0001364954-24-000040.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1364954/000136495424000040/0001364954-24-000040-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1364954/000136495424000040/chgg-20240424.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T05:26:28.767143+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"560f55af7d94d7b6291f8b4987b86cf43e0800e2","claim":"CHEGG, INC reported the three months ended March 31, 2024 results: revenue $174.4 million, net income Net Loss was $1.4 million.","evidence_excerpt":"our expense base relative to current revenue trends, with the goal of 30% or greater Adjusted EBITDA margin for 2025.” First Quarter 2024 Highlights • Total Net Revenues of $174.4 million, a decrease of 7% year-over-year • Subscription Services Revenues of $154.1 million, a decrease of 9% year-over-year • Gross Margin of 73% • Non-GAAP Gross Margin of 75% • Net","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1364954/000136495424000040/0001364954-24-000040-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended March 31, 2024"},{"label":"Revenue","value":"$174.4 million"},{"label":"Net income","value":"Net Loss was $1.4 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"538bbc923e","claim":"Nathan Schultz was appointed as President and Chief Executive Officer at CHEGG, INC.","evidence_excerpt":"appointed Nathan Schultz as the President and Chief Executive Officer (\"CEO\") of the Company, effective as of June 1, 2024","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1364954/000136495424000040/0001364954-24-000040-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"President and Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"a6e6ad2d3a","claim":"Dan Rosensweig was appointed as Executive Chair at CHEGG, INC.","evidence_excerpt":"Dan Rosensweig, the Company's President, CEO and Co-Chairperson of the Board, will resign from his positions as President and CEO and be appointed as the Company's Executive Chair.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1364954/000136495424000040/0001364954-24-000040-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Executive Chair"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}