Chegg Q1 revenue $63.3M (-48% YoY) but achieves GAAP net income; skilling +9%

CHEGG, INC

2026-Q1 EPS reported $0.00 revenue$63,262,000

Total net revenues $63.3M, down 48% YoY; GAAP net income of $0.2M, first positive in two years.
Chegg Skilling revenues $17.6M, up 9% YoY; management expects double-digit skilling growth for full-year 2026.
Adjusted EBITDA $15.5M; non-GAAP net income $3.5M; gross margin 60% (non-GAAP 62%).
CEO says Q1 exceeded expectations for revenue, adjusted EBITDA, and free cash flow.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CHEGG, INC reported quarter ended March 31, 2026 results: revenue $63.3 million, net income $0.2 million.

Period: quarter ended March 31, 2026
Revenue: $63.3 million
Net income: $0.2 million
Result: reported results

Exact text from the filing

Total Net Revenues of $63.3 million, a decrease of 48% year-over-year

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Source: SEC EDGAR

accession 0001364954-26-000045

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