Every 8-K that CHEGG, INC. (CHGG) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow CHGG and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CHGG filings page.
Chegg, Inc. (CHGG) reported that on September 1, 2026 it repaid at maturity the remaining $33.9 million aggregate principal amount of its 0% convertible senior notes due September 1, 2026. With this repayment, the 2026 Notes are fully retired and Chegg states that it now has no outstanding debt.
Chegg highlighted this debt-free balance sheet as a milestone in strengthening its financial position, citing cost reductions and improved cash flow. As of June 30, 2026, Chegg held $72 million in cash, cash equivalents, and investments; on a pro forma basis after the repayment, this would have been approximately $38 million.
Chegg, Inc. reported Q2 2026 net revenues of $51.8 million, a 51% year-over-year decline, and a GAAP net loss of $3.0 million. Chegg Skilling revenues were $17.5 million, up 2% year over year. Gross margin was 55% (non-GAAP 57%), and adjusted EBITDA reached $9.1 million, a 17% margin. Q2 non-GAAP operating expenses were $32.3 million, nearly half the prior-year level, and first-half free cash flow was $9.5 million. The company ended the quarter with $72.3 million in cash and investments, a net cash position of $38.5 million, repurchased $1.7 million of stock, and plans to fully repay its convertible debt in Q3.
Management describes an AI-first restructuring and strategic pivot toward an integrated employability platform that combines academic services, skilling and language learning, including a new AI-driven job-search and coaching experience. For Q3 2026, Chegg guides to total revenue of $43–$44 million, gross margin of 48–49%, and adjusted EBITDA of $1–$2 million.
Chegg, Inc. received notice from the New York Stock Exchange that it is not in compliance with Section 802.01C because the average closing share price of its common stock was less than $1.00 over a consecutive 30 trading‑day period ending on July 23, 2026. A prior minimum‑price notice from December 2025 had been cured by the end of May 2026.
The company plans to notify the NYSE of its intent to regain compliance, potentially including a reverse stock split subject to board approval. Chegg has a six‑month cure period during which its stock will continue trading on the NYSE, provided it meets other continued listing standards; failure to regain compliance would subject the shares to NYSE suspension and delisting procedures.
Chegg, Inc. reported the results of its 2026 Annual Meeting of Stockholders held on June 12, 2026. Stockholders elected two Class I directors, Dan Rosensweig and Ted Schlein, and one Class III director, Renee Budig, with each nominee receiving over 34 million votes in favor and substantial broker non-votes.
Stockholders also approved, on a non-binding advisory basis, the 2025 executive compensation program with 34,129,514 votes for and 11,226,027 against. They ratified Grant Thornton LLP as independent registered public accounting firm for the year ending December 31, 2026 with 80,912,997 votes for.
In addition, stockholders approved an amendment to the Restated Certificate of Incorporation authorizing a reverse stock split of outstanding common stock at a ratio between 1-for-4 and 1-for-15, with the decision to implement and select the ratio left to the Board of Directors in its sole discretion.
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. 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. 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. entered into a privately negotiated agreement to repurchase $20.0 million aggregate principal amount of its 0% Convertible Senior Notes due 2026 for a total cash price of $19.4 million. This repurchase is part of the company’s previously announced securities repurchase program.
The transaction is expected to close on February 20, 2026, subject to customary closing conditions. After it closes, $33.9 million principal amount of the 2026 notes will remain outstanding, and $122.4 million will still be available under the repurchase program for future transactions.
Chegg, Inc. reported sharp revenue declines and continued losses for 2025 while accelerating a strategic shift toward workforce skilling. For the fourth quarter 2025, total net revenues were $72.7 million, down 49% year over year, with a net loss of $32.8 million. Chegg Skilling generated $17.7 million in quarterly revenue, up 11%, while legacy Academic Services brought in $54.9 million.
For full year 2025, total net revenues were $376.9 million, down 39%, and Chegg recorded a net loss of $103.4 million. On a non-GAAP basis, Chegg reported $3.9 million of net income and $68.5 million of adjusted EBITDA, reflecting large restructuring and impairment adjustments. Free cash flow turned negative $12.6 million, mainly due to severance payments.
Management highlighted a reinvention around the $40 billion skilling market, with Chegg Skilling positioned as the growth engine and Academic Services managed for cash. Non-GAAP operating expenses fell 47% year over year in Q4, and the company aims to cut 2026 non-GAAP expenses by 53% from 2024 and to end 2026 debt-free. Chegg also acknowledged receiving an NYSE delisting notice but said its listing is unchanged while it works to regain compliance.
Chegg, Inc. is entering into privately negotiated agreements to repurchase approximately $8.9 million in aggregate principal amount of its outstanding 0% Convertible Senior Notes due 2026 for an aggregate cash price of about $8.3 million. These note repurchase transactions are being made under the company’s previously announced securities repurchase program and are expected to close on December 30, 2025, subject to customary closing conditions.
After the closing, about $53.9 million aggregate principal amount of the 2026 Notes will remain outstanding, and approximately $141.8 million will remain available under the securities repurchase program, giving Chegg additional room for future repurchases.
Chegg, Inc. reports that the New York Stock Exchange has notified the company that it is out of compliance with the exchange’s minimum share price rule, because the average closing price of its common stock was less than $1.00 over a consecutive 30 trading-day period ending December 11, 2025.
The company plans to notify the NYSE of its intent to regain compliance, which may include, if needed, a reverse stock split subject to board and stockholder approval. Chegg has a six-month cure period to return its closing and 30‑day average share price to at least $1.00 on the last trading day of a calendar month. Its stock will continue trading on the NYSE during this period, but if Chegg does not regain compliance, the common stock will be subject to NYSE suspension and delisting procedures.
Chegg, Inc. entered into a new retention arrangement with its Chief Financial Officer, David Longo, aimed at keeping him in his role through a defined period. The agreement raises his annual base salary to $750,000 starting November 16, 2025 and offers four quarterly cash retention bonuses of $250,000 each, tied to continued employment through November 28, 2025, February 27, 2026, May 29, 2026 and August 31, 2026. If he qualifies for severance under an involuntary termination in connection with a change in control, he would also receive an extra transaction bonus severance payment of $500,000.
In addition to cash elements, Mr. Longo received a retention equity package. This includes 500,000 time-based restricted stock units, with one-third vesting on the first anniversary of November 11, 2025 and the rest vesting quarterly over the following two years, subject to continued service. He also received up to 500,000 performance-based restricted stock units that vest only if specified stock-price hurdles are achieved within 36 months, with performance certification points after 18 and 36 months.
Chegg, Inc. filed a report to share that it has released a press release with its financial results for the quarter ended September 30, 2025. The press release, titled “Chegg Reports 2025 Second Quarter Earnings,” is included as Exhibit 99.01.
The company specifies that the information under Item 2.02 and in Exhibit 99.01 is being furnished rather than filed, which means it is not automatically subject to certain securities law liabilities and will not be incorporated into other SEC documents unless specifically referenced.
Chegg, Inc. announced a major restructuring, cutting approximately 388 employees, or about 45% of its workforce, to align costs with a stand‑alone strategic focus. The company expects $15–$19 million in restructuring charges, with substantially all incurred by the first quarter of 2026.
Leadership is changing: Nathan Schultz stepped down as President and CEO and will serve as Executive Advisor until December 31, 2025. Dan Rosensweig resumed the roles of President and CEO effective immediately. Under his offer letter, he will receive an award of 1,650,000 RSUs with time-based vesting and up to 3,850,000 performance-based RSUs tied to stock‑price hurdles within 36 months; his base salary remains $850,000 and he is not currently eligible for an annual cash bonus.
The Board concluded its review of strategic alternatives and reaffirmed previously announced guidance for the quarter ended September 30, 2025. Director Richard Sarnoff resigned on October 21, 2025, not due to any dispute. Earnings results are scheduled for November 10, 2025.