Filing Flows › Chegg (CHGG) › Q3 2026 › vs Q2 2026
Chegg (CHGG) Q3 2026 vs Q2 2026 (quarter over quarter)
Chegg's revenue fell $5.4M (-10%) from $51.8M in Q2 2026 to $46.5M in Q3 2026. The biggest changes: Academic Services −$4.3M (-12%); Chegg Skilling −$1.1M (-6%).
Chegg, Q3 2026: revenue $46.5M (-40% year over year), operating margin -11.0%, net loss $4.7M, operating cash flow $7.2M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Free cash flow margin | 11.8% | 12.3% | -0.5 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Academic Services | $30.0M | $34.3M | −$4.3M | -12% |
| Chegg Skilling | $16.4M | $17.5M | −$1.1M | -6% |
| Revenue | $46.5M | $51.8M | −$5.4M | -10% |
| Other income, net | $689K | $616K | $73K | +12% |
| Net loss | $4.7M | $3.0M | $1.7M | +59% |
| Costs & expenses | $51.8M | $55.4M | −$3.6M | -6% |
| Operating costs | $51.6M | $55.0M | −$3.5M | -6% |
| Income tax | $277K | $392K | −$115K | -29% |
| Cost of revenue | $22.2M | $23.6M | −$1.3M | -6% |
| Research & development | $8.0M | $7.4M | $574K | +8% |
| Sales & marketing | $9.2M | $9.5M | −$219K | -2% |
| General & admin | $12.1M | $14.6M | −$2.5M | -17% |
| Operating cash sources | $11.9M | $13.0M | −$1.1M | -8% |
| Share-based compensation | $2.1M | $2.3M | −$269K | -12% |
| Working capital & other | $9.8M | $10.7M | −$833K | -8% |
| Net loss absorbed | $4.7M | $3.0M | $1.7M | +59% |
| Operating cash flow | $7.2M | $10.1M | −$2.8M | -28% |
| Free cash flow (OCF − capex) | $5.5M | $6.4M | −$894K | -14% |
| Capital expenditures | $1.7M | $3.7M | −$1.9M | -53% |
Questions
How much did Chegg's revenue grow quarter over quarter in Q3 2026?
Chegg's revenue fell $5.4M (-10%) from $51.8M in Q2 2026 to $46.5M in Q3 2026.
What drove Chegg's revenue change in Q3 2026?
Academic Services −$4.3M (-12%); Chegg Skilling −$1.1M (-6%).