Chegg reported third-quarter 2026 total net revenues of $46.5 million, a 40% decrease year-over-year, with an adjusted EBITDA of $5.4 million and a net loss of $4.7 million. The company ended the quarter with $43.6 million in cash and no debt after fully repaying its convertible senior notes. Concurrently, board member Marcela Martin notified the company of her resignation from the Board, effective December 10, 2026, following a scheduled meeting. Chegg operates as a learning and employability platform that helps students build skills and secure employment while assisting businesses in workforce development.
