Filing Flows › Chegg (CHGG) › Q2 2026
Chegg (CHGG) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
Chegg (CHGG) reported revenue of $51.8M for the second quarter 2026 (Q2 2026), -51% from a year earlier and -18% from the quarter before. Operating margin was -6.1%, net loss $3.0M (5.7% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $51.8M | -18% | -51% |
| Operating profit | −$3.2M | — | — |
| Net earnings | −$3.0M | -1394% | — |
| Operating cash flow | $10.1M | +145% | — |
| Free cash flow | $6.4M | +109% | — |
What changed
Revenue was $51.8M in Q2 2026, down 51% year over year and down 18% from the previous quarter. Academic Services was the largest line at 66% of revenue. Academic Services lost $53.6M year over year (down 61%), 101% of the total change.
Gross margin was 54.5%, down 11.7 points from Q2 2025. Operating costs exceeded revenue by $3.2M, an operating margin of -6.1%. Operating expenses fell 70% while revenue fell 51%. The quarter ended with a net loss of $3.0M, after a profit of $228K the previous quarter. Non-operating items added $616K, -24% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $10.1M. Non-cash charges added back $2.3M of share-based compensation. Working capital and other items added $10.7M. Capital expenditures of $3.7M left free cash flow of $6.4M.
Questions
What was Chegg's revenue in the second quarter 2026?
Chegg (CHGG) reported revenue of $51.8M for the second quarter 2026 (Q2 2026), -51% from a year earlier and -18% from the quarter before.
Was Chegg profitable in the second quarter 2026?
Operating loss was $3.2M (-6.1% of revenue) and net loss $3.0M.
Source: Chegg 10-Q on SEC EDGAR.