Filing Flows › Chegg (CHGG) › Q2 2026 › vs Q2 2025
Chegg (CHGG) Q2 2026 vs Q2 2025 (year over year)
Chegg's revenue fell $53.3M (-51%) from $105M in Q2 2025 to $51.8M in Q2 2026. The biggest changes: Academic Services −$53.6M (-61%); Chegg Skilling +$317K (+2%).
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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 12.3% | -11.5% | +23.8 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Academic Services | $34.3M | $87.9M | −$53.6M | -61% |
| Chegg Skilling | $17.5M | $17.2M | $317K | +2% |
| Revenue | $51.8M | $105M | −$53.3M | -51% |
| Other income, net | $616K | $2.0M | −$1.4M | -69% |
| Net loss | $3.0M | $35.7M | −$32.7M | -92% |
| Costs & expenses | $55.4M | $143M | −$87.4M | -61% |
| Operating costs | $55.0M | $142M | −$86.6M | -61% |
| Income tax | $392K | $1.2M | −$831K | -68% |
| Cost of revenue | $23.6M | $35.5M | −$11.9M | -34% |
| Research & development | $7.4M | $28.7M | −$21.3M | -74% |
| Sales & marketing | $9.5M | $17.4M | −$7.9M | -46% |
| General & admin | $14.6M | $60.0M | −$45.4M | -76% |
| Operating cash sources | $13.0M | $30.8M | −$17.8M | -58% |
| Share-based compensation | $2.3M | $7.9M | −$5.6M | -71% |
| Working capital & other | $10.7M | $22.9M | −$12.2M | -53% |
| Net loss absorbed | $3.0M | $35.7M | −$32.7M | -92% |
| Operating cash flow | $10.1M | −$4.8M | $14.9M | — |
| Free cash flow (OCF − capex) | $6.4M | −$12.1M | $18.5M | — |
| Capital expenditures | $3.7M | $7.2M | −$3.6M | -49% |
Questions
How much did Chegg's revenue grow year over year in Q2 2026?
Chegg's revenue fell $53.3M (-51%) from $105M in Q2 2025 to $51.8M in Q2 2026.
What drove Chegg's revenue change in Q2 2026?
Academic Services −$53.6M (-61%); Chegg Skilling +$317K (+2%).