Highest-materiality recent filing
Chegg Q1 revenue $63.3M (-48% YoY) but achieves GAAP net income; skilling +9%
Total net revenues $63.3M, down 48% YoY; GAAP net income of $0.2M, first positive in two years.
Chegg dismisses Deloitte as auditor, appoints Grant Thornton effective April 13, 2026
Audit committee conducted competitive process; Deloitte dismissed effective April 13, 2026.
Chegg rebalances board classes; Renee Budig moves from Class I to Class III
Renee Budig resigned as Class I director on March 25, 2026, and was immediately re-elected as Class III director.
Chegg repurchases $20M of 0% convertible notes due 2026 for $19.4M
Repurchased $20M principal of 0% Convertible Senior Notes due 2026 for cash of $19.4M.
Chegg Q4 total net revenues down 49% YoY to $72.7M; net loss $32.8M
Q4 total net revenues $72.7M (down 49% YoY); net loss $32.8M; adjusted EBITDA $12.9M.
Chegg repurchases $8.9M of 2026 convertible notes at $8.3M cash discount
Repurchased ~$8.9M aggregate principal of 0% Convertible Senior Notes due 2026 for ~$8.3M in cash.
Chegg receives NYSE delisting notice for sub-$1.00 average share price
On Dec 12, 2025, NYSE notified Chegg its 30-day avg closing price was below $1.00 as of Dec 11.
Chegg CFO David Longo gets salary hike to $750k, retention bonuses, and equity grants
Salary increased to $750k/year; eligible for four $250k quarterly retention bonuses through Aug 2026.
Chegg Q3 revenue $77.7M (-43% YoY); net loss $17.5M; adjusted EBITDA $13.3M
Total net revenues of $77.7M, down 43% year-over-year; gross margin 59%.
Workforce reduction of 388 employees (~45% of global staff); estimated charges of $15M-$19M.
Chegg Q2 2025 revenue down 36% YoY to $105.1M; net loss $35.7M
Total net revenues fell 36% YoY to $105.1M; subscription services revenue down 39% to $89.7M.
Chegg shareholders narrowly approve 10.0M share increase to equity plan
Stockholders approved amendment to 2023 Equity Incentive Plan, adding 10,037,610 shares for issuance.
Chegg Q1 revenue down 30% to $121.4M, initiates restructuring cutting 22% of workforce
Total revenue $121.4M (-30% YoY); subscription revenue $107.6M (-30%); subscribers fell 31% to 3.2M.
Chegg receives NYSE delisting notice for stock price below $1.00
NYSE notified Chegg on April 1, 2025 that its avg closing share price was <$1.00 over 30 trading days.
Chegg repays $358.9M upon maturity of 0.125% convertible notes due 2025
Chegg made a $358.9M payment for its 0.125% convertible senior notes that matured March 15, 2025.
Chegg repurchases additional $8.6M of 2026 convertible notes; total $65.2M
Repurchased $8.6M principal of 0% Convertible Senior Notes due 2026 for $7.6M cash.
Chegg repurchases $56.6M of 0% convertible notes due 2026 for $49.8M cash
Repurchased $56.6M aggregate principal of 2026 0% convertible notes for ~$49.8M cash, an ~12% discount to par.
Chegg Q4 revenue down 24% YoY; strategic review, lawsuit against Google
Q4 net revenues $143.5M (-24% YoY); FY2024 $617.6M (-14%); GAAP net loss $6.1M Q4, $837.1M FY2024.
Chegg repurchases $116.6M of 0% convertible notes due 2026 at 17.5% discount
Repurchased ~$116.6M aggregate principal for ~$96.2M cash ($82.5 per $100 face).
Chegg Q3 revenue down 13% to $136.6M; workforce cut 21%, buyback boosted $300M
Q3 net revenues $136.6M (-13% YoY); Subscription Services rev $119.8M (-14% YoY); net loss $212.6M.
Chegg adopts new severance plan for CEO and CFO with enhanced benefits through Oct 2026
CEO Nathan Schultz and CFO David Longo covered under new Chegg Severance Plan, effective Oct 17, 2024.
Chegg board members Sarah Bond and Paul LeBlanc resign effective September 18, 2024
Sarah Bond (president of Xbox, board since 2020) and Dr. Paul LeBlanc (retired SNHU president, board since 2019) resign from Chegg board.
Chegg Q2 2024 net loss $616.9M; revenue down 11% YoY to $163.1M
Total net revenues $163.1M, down 11% YoY; Subscription Services $146.8M, down 11%.
Chegg to cut 23% of workforce (441 employees); targets $40-50M annual savings
Workforce reduction of 441 employees (~23% of total) expected to yield $40M-$50M in annualized non-GAAP cost savings by 2025.
Marne Levine elected with 69.7M for (95.4%), Richard Sarnoff with 69.7M for (95.4%).
Chegg Q1 revenue down 7% to $174.4M; Nathan Schultz to become CEO June 1
Total net revenues $174.4M (-7% YoY); subscription services revenue $154.1M (-9% YoY).
Chegg CMO Esther Lem to retire; effective April 5, 2024
Esther Lem notified Chegg of retirement from CMO role after 13 years.
Chegg Q4 revenue down 8% to $188M; subscribers fall 9%; appoints David Longo as CFO
Q4 total net revenues $188.0M (-8% YoY); subscription rev $166.3M (-6%); 4.6M subscribers (-9%).
Chegg enters $150M accelerated share repurchase; initial ~13.5M shares to be returned by Nov 15
Entered $150M ASR with Morgan Stanley; initial delivery of ~13.5M shares by Nov 15, 2023.
On September 17, 2024, Sarah Bond and Dr. Paul LeBlanc, each members of the Board of Directors (the “Board”) of Chegg, Inc. (the “Company”), notified the Company of their respective decisions to resign from the Board, effective September 18, 2024.
On September 17, 2024, Sarah Bond and Dr. Paul LeBlanc, each members of the Board of Directors (the “Board”) of Chegg, Inc. (the “Company”), notified the Company of their respective decisions to resign from the Board, effective September 18, 2024.
appointed Nathan Schultz as the President and Chief Executive Officer ("CEO") of the Company, effective as of June 1, 2024
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.
On March 5, 2024, Esther Lem notified Chegg, Inc. (the “Company”) that she is retiring from her position as Chief Marketing Officer, effective April 5, 2024, where she spent 13 years.
On February 2, 2024, the Board of Directors of Chegg, Inc. (the “Company”) appointed David Longo, 56, as the Company’s Chief Financial Officer, Principal Financial Officer, and Treasurer, effective February 21, 2024, to serve until his successor is duly elected and qualified or until the earlier of his death, resignation or removal.
Mr. Longo is replacing Andrew Brown, who notified the Company of his retirement in October 2023, as previously disclosed in the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission on October 30, 2023.
Max materiality 0.85 · Median 0.65 · Most common event earnings