On September 1, 2026, Chegg, Inc. repaid the remaining $33.9 million aggregate principal amount of its 0% convertible senior notes due on that date. This repayment fully retired the 2026 Notes, leaving the company with no outstanding debt and a debt-free balance sheet. As of June 30, 2026, Chegg held $72 million in cash, cash equivalents, and investments; pro forma after the repayment, this balance would be approximately $38 million. The CFO stated that achieving a debt-free status reflects progress in strengthening the financial position through cost reduction and improved cash flow, providing flexibility to execute strategy. Chegg operates as a global learning and workforce skilling platform.
