Filing Flows › Chegg (CHGG) › Q3 2026 › vs Q3 2025
Chegg (CHGG) Q3 2026 vs Q3 2025 (year over year)
Chegg's revenue fell $31.3M (-40%) from $77.7M in Q3 2025 to $46.5M in Q3 2026. The biggest changes: Academic Services −$30.1M (-50%); 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 11.8% | -1.2% | +13.1 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Academic Services | $30.0M | $60.2M | −$30.1M | -50% |
| Chegg Skilling | $16.4M | $17.6M | −$1.1M | -6% |
| Revenue | $46.5M | $77.7M | −$31.3M | -40% |
| Other income, net | $689K | $1.3M | −$647K | -48% |
| Net loss | $4.7M | $17.5M | −$12.8M | -73% |
| Costs & expenses | $51.8M | $96.5M | −$44.7M | -46% |
| Operating costs | $51.6M | $94.9M | −$43.3M | -46% |
| Income tax | $277K | $1.7M | −$1.4M | -84% |
| Cost of revenue | $22.2M | $31.7M | −$9.5M | -30% |
| Research & development | $8.0M | $18.4M | −$10.4M | -57% |
| Sales & marketing | $9.2M | $11.6M | −$2.3M | -20% |
| General & admin | $12.1M | $33.2M | −$21.1M | -64% |
| Operating cash sources | $11.9M | $22.3M | −$10.4M | -47% |
| Share-based compensation | $2.1M | $5.9M | −$3.9M | -65% |
| Working capital & other | $9.8M | $16.4M | −$6.5M | -40% |
| Net loss absorbed | $4.7M | $17.5M | −$12.8M | -73% |
| Operating cash flow | $7.2M | $4.8M | $2.4M | +50% |
| Free cash flow (OCF − capex) | $5.5M | −$943K | $6.4M | — |
| Capital expenditures | $1.7M | $5.8M | −$4.0M | -70% |
Questions
How much did Chegg's revenue grow year over year in Q3 2026?
Chegg's revenue fell $31.3M (-40%) from $77.7M in Q3 2025 to $46.5M in Q3 2026.
What drove Chegg's revenue change in Q3 2026?
Academic Services −$30.1M (-50%); Chegg Skilling −$1.1M (-6%).