Chegg

Chegg has fully repaid the remaining $33.9 million of its 0% convertible notes due Sept. 1, 2026, and is therefore debt-free. CFO David Longo called this an important milestone, citing cost reductions and improved cash flow as drivers of the stronger balance sheet. As of June 30 the company had $72 million in cash and cash equivalents; pro forma after the repayment the cash balance is about $38 million. » More on de.investing.com

Chegg reported Q2 2026 revenue of $51.8 million and adjusted EPS of -$0.02, both above analysts' estimates. Non‑GAAP expenses fell by almost 50%, adjusted EBITDA was $9.1 million and free cash flow was $6.4 million. Management plans full repayment of a convertible bond in Q3 and is pursuing a strategic repositioning toward a workforce‑readiness platform. For Q3 Chegg expects revenue of $43–44 million and adjusted EBITDA of $1–2 million; despite progress the company continues to face market skepticism. » More on de.investing.com

The NYSE informed Chegg that the average closing price of its common stock over a consecutive 30-trading-day period has fallen below $1.00. This is the second such notice; the company now has six months to restore compliance with listing requirements, for example by achieving a monthly closing price of at least $1.00 and a 30-day average of at least $1.00. Chegg is reviewing actions to regain compliance, including a reverse stock split, and the stock remains tradable during the period provided other listing standards are met. » More on de.investing.com

Chegg reported Q1 2026 EPS of $0.03 (expectation -$0.02) and revenue of $63.3 million, with both metrics beating estimates. Adjusted EBITDA was $15.5 million (24% margin), and free cash flow was $3.1 million. The company recorded its first net profit in two years, sees double-digit revenue growth for its Skilling segment in 2026, and highlights AI-driven operational improvements. The stock rose in after-hours trading but was slightly down in premarket, suggesting mixed investor reactions. » More on de.investing.com

Chegg beat Q1 expectations on revenue, profitability and free cash flow after reshaping operations around AI and cutting about 40% of costs. Chegg Skilling grew to $17.6 million (+9% y/y) and the company reiterated a target of double-digit full-year growth while signing enterprise partners including Cornerstone and Woolf. Non-GAAP operating expenses fell 55% year over year, adjusted EBITDA margin reached 24% and Chegg posted positive net income for the first time in two years; free cash flow was $3.1 million and net cash stood at $34.1 million. Management targets further cash generation, full repayment of convertible debt by September and provided Q2 guidance: Chegg Skilling $17.5–18.0m, total revenue $49–50m, gross margin 51–52% and adjusted EBITDA $5–6m. » More on finance.yahoo.com