Filing Flows › Chegg (CHGG) › Q3 2026
Chegg (CHGG) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 3, 2026
Chegg (CHGG) reported revenue of $46.5M for the third quarter 2026 (Q3 2026), -40% from a year earlier and -10% from the quarter before. Operating margin was -11.0%, net loss $4.7M (10.1% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $46.5M | -10% | -40% |
| Operating profit | −$5.1M | — | — |
| Net earnings | −$4.7M | — | — |
| Operating cash flow | $7.2M | -28% | +50% |
| Free cash flow | $5.5M | -14% | — |
What changed
Revenue was $46.5M in Q3 2026, down 40% year over year and down 10% from the previous quarter. Academic Services was the largest line at 65% of revenue. Academic Services lost $30.1M year over year (down 50%), 96% of the total change.
Gross margin was 52.2%, down 7.1 points from Q3 2025. Operating costs exceeded revenue by $5.1M, an operating margin of -11.0%. Operating expenses fell 54% while revenue fell 40%. The quarter ended with a net loss of $4.7M, wider than the previous quarter's $3.0M loss.
Operating cash flow was $7.2M (up 50% year over year). Non-cash charges added back $2.1M of share-based compensation. Working capital and other items added $9.8M. Capital expenditures of $1.7M left free cash flow of $5.5M.
Questions
What was Chegg's revenue in the third quarter 2026?
Chegg (CHGG) reported revenue of $46.5M for the third quarter 2026 (Q3 2026), -40% from a year earlier and -10% from the quarter before.
Was Chegg profitable in the third quarter 2026?
Operating loss was $5.1M (-11.0% of revenue) and net loss $4.7M.
Source: Chegg 10-Q on SEC EDGAR.