Chegg, Inc. reported financial results for the quarter ended June 30, 2026, announcing total net revenues of $51.8 million, a 51% year-over-year decrease. The company posted a GAAP net loss of $3.0 million and an adjusted EBITDA of $9.1 million. Chegg repurchased $1.7 million of common stock during the quarter and holds $120.7 million remaining on its share repurchase authorization. Management provided third-quarter 2026 guidance, projecting total net revenues between $43 million and $44 million, gross margins of 48% to 49%, and adjusted EBITDA of $1 million to $2 million. The company also stated it expects to fully repay its convertible debt in the third quarter. Chegg operates as a global learning and workforce skilling platform.
