Chegg Q2 revenue falls 51% to $51.8 million; net loss of $3.0 million
Chegg reported second-quarter 2026 total net revenues of $51.8 million, down 51% year over year, and a net loss of $3.0 million, while adjusted EBITDA was $9.1 million. It guided third-quarter total net revenues to $43 million to $44 million and adjusted EBITDA to $1 million to $2 million, and said it expects to fully repay its convertible debt in the third quarter.
Key points
- Q2 2026 total net revenues were $51.8 million, down 51% year over year; net loss was $3.0 million and adjusted EBITDA was $9.1 million.
- Q3 2026 guidance: total net revenues of $43 million to $44 million, gross margin of 48% to 49%, and adjusted EBITDA of $1 million to $2 million.
- Company repurchased $1.7 million of common stock in Q2 and has $120.7 million remaining on its repurchase authorization.
- Management expects to fully repay its convertible debt in Q3 2026 and ended the quarter with $72.3 million in cash and investments.
The filing
Written by AI on Nov 9, 2026, 10:08 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 06, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.