Flash FinanceUS
Market open S&P 5007,376.86+0.31% Nasdaq24,579.42+1.09% Dow 3051,285.73-0.46% Russell 20002,754.11+0.89% Nasdaq-10026,989.99+1.35% MidCap 4003,602.50+0.56% SmallCap 6001,673.98+0.05% VIX25.64-9.01% 10Y Yield4.86+0.45% Close of Nov 06, 2026
AI brief of an SEC Form 8-K · CHEGG, INC (CHGG)

Chegg Q3 revenue falls 40% to $46.5 million; net loss of $4.7 million

Negative Impact 4 of 5 earnings Written later

Chegg reported third-quarter 2026 results for the period ended September 30, 2026, with revenue of $46.5 million, down 40% year-over-year, and a net loss of $4.7 million. It guided fourth-quarter revenue to $38 million to $40 million, below the third-quarter level, and said it fully repaid its remaining convertible debt and ended the quarter with $43.6 million in cash and investments. Director Marcela Martin also said she will resign from the board effective December 10, 2026, saying the decision did not involve a dispute with management.

Key points

  • Q3 2026 total net revenues were $46.5 million, down 40% year-over-year; net loss was $4.7 million and adjusted EBITDA was $5.4 million.
  • Q4 2026 guidance: total net revenues of $38 million to $40 million, gross margin of 46% to 48%, and adjusted EBITDA of approximately $1 million.
  • The company said it fully repaid its remaining convertible debt and ended the quarter with $43.6 million in cash and investments.
  • Director Marcela Martin will resign from the Board effective December 10, 2026, after the December 10 board meeting.

The filing

CompanyCHEGG, INC (CHGG)
Form8-K, current report
Filed with the SECNov 3, 2026, 8:10 AM ET
Accession number0001437749-26-034518

Items reported: 2.02 Results of Operations5.02 Director / Officer Change

Read the filing on SEC.gov ↗

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 November 03, 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.