Filing Flows › Chegg (CHGG) › Q2 2026 › vs Q1 2026
Chegg (CHGG) Q2 2026 vs Q1 2026 (quarter over quarter)
Chegg's revenue fell $11.4M (-18%) from $63.3M in Q1 2026 to $51.8M in Q2 2026. The biggest changes: Academic Services −$11.4M (-25%); Chegg Skilling −$44K (-0.3%).
Chegg, Q2 2026: revenue $51.8M (-51% year over year), operating margin -6.1%, net loss $3.0M, operating cash flow $10.1M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Free cash flow margin | 12.3% | 4.8% | +7.5 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Academic Services | $34.3M | $45.7M | −$11.4M | -25% |
| Chegg Skilling | $17.5M | $17.6M | −$44K | -0.3% |
| Revenue | $51.8M | $63.3M | −$11.4M | -18% |
| Other income, net | $616K | $1.1M | −$509K | -45% |
| Net loss | $3.0M | −$228K | $3.2M | — |
| Costs & expenses | $55.4M | $64.5M | −$9.1M | -14% |
| Operating costs | $55.0M | $64.3M | −$9.3M | -14% |
| Income tax | $392K | −$140K | $532K | — |
| Cost of revenue | $23.6M | $25.4M | −$1.8M | -7% |
| Research & development | $7.4M | $9.1M | −$1.7M | -19% |
| Sales & marketing | $9.5M | $10.6M | −$1.1M | -11% |
| General & admin | $14.6M | $19.2M | −$4.6M | -24% |
| Operating cash sources | $13.0M | $3.9M | $9.1M | +235% |
| Share-based compensation | $2.3M | $2.7M | −$387K | -14% |
| Working capital & other | $10.7M | $1.2M | $9.5M | +816% |
| Net loss absorbed | $3.0M | −$228K | $3.2M | — |
| Operating cash flow | $10.1M | $4.1M | $6.0M | +145% |
| Free cash flow (OCF − capex) | $6.4M | $3.1M | $3.3M | +109% |
| Capital expenditures | $3.7M | $1.0M | $2.6M | +251% |
Questions
How much did Chegg's revenue grow quarter over quarter in Q2 2026?
Chegg's revenue fell $11.4M (-18%) from $63.3M in Q1 2026 to $51.8M in Q2 2026.
What drove Chegg's revenue change in Q2 2026?
Academic Services −$11.4M (-25%); Chegg Skilling −$44K (-0.3%).