Chegg, Inc. reports news around its global learning platform, with coverage centered on Chegg Skilling, Academic Services, workplace readiness, professional upskilling, language learning and AI-supported student services. Company updates commonly address earnings, segment priorities, enterprise and channel partnerships, and the shift toward skilling as a larger part of Chegg’s business model.
Recurring developments also include product and partnership announcements for Chegg Skills and Busuu, equity compensation actions under NYSE rules, shareholder ownership disclosures, and governance updates tied to the company’s board and management structure.
Chegg (NYSE:CHGG) reported third-quarter 2026 revenue of $46.5 million as its legacy homework-help business continued to decline.
Revenue fell 40% year over year. Net loss was $4.7 million, gross margin was 52%, and adjusted EBITDA was $5.4 million, a 12% margin. Free cash flow was $5.5 million. Chegg fully repaid its remaining convertible debt and ended the quarter with $43.6 million in cash and investments and no debt.
Non-GAAP operating expenses fell 36% year over year to $31.2 million. Chegg launched its employability platform on Internships.com in September and signed pilot programs with three colleges and universities. The company expects the platform to contribute more meaningfully in 2027. For the fourth quarter, Chegg forecasts revenue of $38 million to $40 million, gross margin of 46% to 48%, and adjusted EBITDA of approximately $1 million.
Chegg (CHGG) announced six-month pilot partnerships with three higher education institutions to give eligible students access to its internship platform. The participating institutions are the College of Charleston's School of Business, Radford University, and Salem College. Eligible, currently enrolled students will receive access to Internships.com, which combines internship discovery, applications and interview preparation.
The pilots will complement existing campus career services. Institutions will introduce the platform through their communication channels and collaborate with Chegg on agreed campus activities. Chegg and each institution will meet regularly to gather feedback and assess student engagement. Chegg is also in active discussions with several other U.S. institutions about additional pilots.
Chegg (NYSE: CHGG) announced a partnership with PowerTrain to make Chegg Skills workforce training available to government and defense agencies.
The partnership will offer more than 200 courses through PowerTrain’s Callisto learning platform, covering AI, cybersecurity, data analytics and business communications. Chegg expects the arrangement to expand its reach across federal, state and local government. Agencies can purchase individual courses or combine them into broader learning pathways. Customized training aligned with agency needs is also available through Chegg Skills’ own online learning platform.
Chegg (CHGG) will release its third-quarter 2026 financial results on November 3, 2026, and host a conference call that day.
The quarter ended September 30, 2026. The call will begin at 5:30 a.m. Pacific Time (8:30 a.m. Eastern Time), with a live webcast available on Chegg's investor website. An audio replay will be available until November 17, 2026, at 11:59 p.m. Eastern Time.
Chegg (CHGG) service Busuu announced a new workplace language-learning experience combining artificial intelligence coaching with human tutoring for professionals. The experience is currently in pilot and will be available from the end of October. It combines language courses with workplace skills practice, including presentations, negotiations and client conversations.
Busuu also published The Silent Cost of Language Anxiety at Work, based on a survey of more than 1,000 active workplace learners across 64 countries conducted in April/May 2026. Among respondents, 55% simplify what they want to say in a second language, while 25% stay silent despite having something valuable to contribute. Another 25% let a colleague speak on their behalf. These findings describe surveyed learners, rather than measured results of the new experience.
Powerlaw Corp. (PWRL) approved a fiscal 2027 dividend program at a 6% annual rate on its August 31, 2026 NAV of $16.23 per share, implying a monthly dividend of $0.0812 starting October 2026.
The Board has declared monthly dividends of $0.0812 per share for October 30, November 30, and December 30, 2026, for holders of record on October 20, November 20, and December 21, respectively. Based on the September 18, 2026 share price of $11.39 and assuming continuous payments, the company estimates an effective annualized yield of about 8.6% for fiscal 2027, though the Board may amend or terminate the program and dividends are not guaranteed.
Effective September 24, 2026, the Fund waived remaining non‑affiliate lock‑ups, making 13,716,695 additional shares immediately sale‑eligible. It also realized approximately $19.0 million from a partial sale of SpaceX shares at $140 per share to support dividends, tax distributions, and new private investments, and announced three senior leadership hires.
Chegg (CHGG) has launched an expanded AI-powered internship and career platform on September 3, 2026 to move beyond academic support into career outcomes.
The integrated experience combines internship discovery, resume and cover-letter creation, one-click applications, skills assessment and development, networking tools, and AI-driven interview preparation in a single workflow. Drawing on proprietary data and insight into how students learn and build careers, the platform matches internships to a student’s skills, interests, education, location, and aspirations, then recommends targeted Chegg Skills content to close gaps and increase qualifying opportunities. Students can auto-tailor resumes, generate customized cover letters, practice role-specific interviews with real-time feedback, and identify alumni and hiring contacts, with personalized outreach drafts. Opportunities span multiple sectors and U.S. cities, and the service is available through internships.com and chegg.com.
Chegg (NYSE: CHGG) announced that it has repaid at maturity the remaining $33.9 million principal amount of its 0% convertible senior notes due September 1, 2026. With this payment, the 2026 Notes are fully retired and Chegg reports having no outstanding debt.
According to Chegg, achieving a debt-free balance sheet follows actions to reduce costs and improve cash flow. As of June 30, 2026, Chegg held $72 million in cash, cash equivalents, and investments; on a pro forma basis after repayment, this would be approximately $38 million.
Chegg (NYSE:CHGG) reported that on August 12, 2026, its Compensation Committee granted equity awards under the Chegg 2023 Equity Inducement Plan. Two newly hired employees received 700,000 RSUs in total, relying on the NYSE employment inducement award exception. The RSUs vest over three years, with one-third after 12 months and the remainder in equal quarterly installments over the next 24 months, subject to continued service.
Chegg (NYSE:CHGG) reported second quarter 2026 total net revenues of $51.8 million, down 51% year-over-year, with Chegg Skilling revenues of $17.5 million, up 2%. GAAP gross margin was 55% and non-GAAP gross margin 57%. Net loss was $3.0 million and non-GAAP net loss $2.5 million, while adjusted EBITDA reached $9.1 million, a margin of 17%.
Chegg cut Q2 non-GAAP operating expenses to $32.3 million, nearly half of the prior year, and reduced CapEx to $3.7 million (down 49% year-over-year). Free cash flow was $6.4 million in Q2 and $9.5 million in the first half of 2026. The company ended the quarter with $72.3 million in cash and investments and $38.5 million in net cash, repurchased $1.7 million of stock, and plans to fully repay its convertible debt in Q3.
For Q3 2026, Chegg guides to total revenue of $43–$44 million, gross margin of 48–49%, and adjusted EBITDA of $1–$2 million, and is shifting its model toward an AI-first employability platform integrating academic services and skilling.