Chegg, Inc. filings document the formal disclosures of a public global learning company focused on Chegg Skilling, Academic Services, language learning and AI-supported student services. Form 8-K reports record operating results, material events, material agreements, capital-structure matters and changes involving the company’s auditor and board composition.
Chegg’s proxy materials describe shareholder voting matters, classified board structure, director elections, executive compensation, equity awards and governance practices. The filing record also reflects disclosures tied to the company’s business organization, financial condition, reporting controls and public-company obligations on the NYSE.
Chegg reported sharply lower revenue but near-breakeven results for the quarter ended March 31, 2026. Net revenues fell 48% to $63.3 million, driven by a 57% drop in Academic Services to $45.7 million as web traffic and subscriptions declined amid wider adoption of generative AI and Google’s AI Overviews search experience.
Chegg Skilling was a relative bright spot, with revenue up 9% to $17.6 million as workforce skilling and language learning grew and reached 28% of total revenue. Aggressive cost cuts and multiple restructuring plans reduced operating expenses by 60%, lifting gross margin to 60% and moving results from a $17.5 million loss a year ago to modest net income of $0.2 million.
Liquidity remains meaningful but has declined. Cash, cash equivalents and investments totaled $67.9 million, down 20%, after Chegg used $19.5 million of cash to repurchase $20.0 million principal of its 0% convertible senior notes due 2026, leaving $33.9 million outstanding and classified as current.
Chegg reported first-quarter 2026 results showing a much smaller business but a return to profitability. Total net revenues were $63.3 million, down 48% year-over-year, while Chegg Skilling revenues grew 9% to $17.6 million. GAAP net income was $0.2 million and non-GAAP net income was $3.5 million.
Cost cuts drove margins higher: gross margin reached 60% and non-GAAP gross margin 62%. Adjusted EBITDA was $15.5 million, or a 24% margin, and free cash flow was $3.1 million despite $12.9 million of restructuring-related severance. Chegg ended the quarter with $67.9 million in cash and investments and a net cash position of $34.1 million.
Chegg, Inc. is holding its 2026 virtual annual meeting on June 12, 2026, asking stockholders to elect three directors, approve executive pay on an advisory basis, ratify Grant Thornton LLP as auditor, and authorize a reverse stock split.
The board seeks approval to amend the charter to implement a reverse stock split of the common stock at a ratio between 1-for-4 and 1-for-15 to help regain compliance with the New York Stock Exchange’s $1.00 minimum price requirement after a prior deficiency notice. As of April 14, 2026, Chegg had 111,958,712 common shares outstanding, each carrying one vote at the meeting.
Chegg, Inc. will hold its 2026 virtual Annual Meeting of Stockholders on June 12, 2026 at 9:00 a.m. Pacific Time, accessible via live audio webcast with a control number for participants. Stockholders of record as of April 14, 2026 may vote.
The proxy solicits votes on four proposals: (1) election of three directors (Renee Budig, Dan Rosensweig, Ted Schlein); (2) a non-binding advisory vote to approve named executive officer compensation for the year ended December 31, 2025; (3) ratification of Grant Thornton LLP as independent registered public accounting firm for fiscal 2026 (the Audit Committee replaced Deloitte on April 13, 2026); and (4) approval of an amendment to effect a reverse stock split at a ratio between 1-for-4 and 1-for-15 to attempt to regain NYSE minimum $1.00 per-share listing compliance. The Company reported 111,958,712 shares of common stock issued and outstanding as of April 14, 2026.
Chegg, Inc. changed its independent registered public accounting firm, dismissing Deloitte & Touche LLP and appointing Grant Thornton LLP, effective April 13, 2026. Deloitte had audited Chegg’s consolidated financial statements for the fiscal years ended December 31, 2025 and 2024. Deloitte’s reports for those years contained no adverse opinions, disclaimers, or qualifications regarding uncertainty, audit scope, or accounting principles, and Chegg reports no disagreements or reportable events with Deloitte through April 13, 2026. Chegg states it did not consult Grant Thornton on accounting principles, audit opinions, or disputed matters before the appointment.
CHEGG, INC CFO & Treasurer David Longo reported a tax-related share withholding rather than an open-market trade. On this Form 4, 63,600 shares of common stock were disposed of at $0.80 per share as the issuer automatically withheld and cancelled them to cover federal and state tax obligations from vesting RSUs. According to the filing, Longo did not sell these shares in the market. After this non-market transaction, he directly holds 1,842,862 shares, which the footnote notes includes unvested performance stock units.
Galloway Capital Partners, Galloway Capital, LP and Bruce Galloway filed a Schedule 13D reporting beneficial ownership of 6,093,000 Chegg common shares and call options, representing 5.44% of the company. The position includes 3,128,000 shares of Common Stock and 2,965,000 shares underlying call options exercisable within 60 days. The securities were acquired in open-market purchases and option premiums funded with investment capital from the reporting group.
The investors state they acquired the stake in Chegg, Inc. for investment purposes and may buy more, hold, or sell shares over time. They indicate plans to engage Chegg’s board and management on performance, strategy, governance, capital allocation and investor communication, and sent a letter asserting the share price is undervalued and that management should improve capital markets communication and investor awareness.
Chegg, Inc. adjusted the structure of its Board of Directors to rebalance the three director classes. On March 25, 2026, the Board moved director Renee Budig from Class I, which had a term expiring at the 2026 Annual Meeting of Stockholders, to Class III with a term expiring at the 2028 Annual Meeting of Stockholders.
To accomplish this, Ms. Budig resigned and was immediately re-elected as a Class III director, with her service deemed uninterrupted. After this rebalance, the Board consists of two Class I directors, one Class II director, and two Class III directors. Ms. Budig will stand for election as a Class III director at the 2026 Annual Meeting to serve a term ending at the 2028 Annual Meeting.
Chegg Inc amended a Schedule 13G/A to report that The Vanguard Group beneficially owns 0 shares of Chegg common stock, representing 0% of the class. The filing explains an internal realignment on January 12, 2026 and states certain subsidiaries will report ownership separately in accordance with SEC Release No. 34-39538 (January 12, 1998). The amendment is signed by Ashley Grim, Head of Global Fund Administration, dated 03/26/2026.