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 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 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 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 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 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 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.
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 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