secwatch.observer — SEC 8-K summary
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Issuer:     CHEGG, INC (CHGG)
CIK:        0001364954
Form:       8-K
Filed at:   2026-05-06T23:59:59+00:00
Accession:  0001364954-26-000045
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1364954/000136495426000045/0001364954-26-000045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1364954/000136495426000045/chgg-20260506.htm
  HTML page:      https://secwatch.observer/filing/0001364954-26-000045

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