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.

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.

Chegg, Inc. received a notice from the New York Stock Exchange on July 24, 2026, stating the company is not in compliance with Section 802.01C of the NYSE Listed Company Manual. The deficiency stems from the average closing share price falling below $1.00 over a consecutive 30-day period ending July 23, 2026. The company has a six-month cure period to regain compliance and may consider a reverse stock split if necessary. This follows a previous compliance issue in December 2025 that was resolved in May 2026. Chegg is an education technology company providing learning and workforce skilling services.

At its 2026 Annual Meeting of Stockholders on June 12, 2026, Chegg, Inc. stockholders approved an amendment to the Restated Certificate of Incorporation allowing the Board of Directors to effect a reverse stock split at a ratio between 1-for-4 and 1-for-15 at its sole discretion. Stockholders also elected directors Dan Rosensweig, Ted Schlein, and Renee Budig, approved executive compensation on an advisory basis, and ratified Grant Thornton LLP as the independent registered public accounting firm for 2026. The company operates in the education technology industry, providing digital learning tools and services.