Filing Flows › Chegg (CHGG) › How it makes money
How Chegg (CHGG) makes money
Chegg (CHGG) made $46.5M of revenue in the third quarter 2026 (Q3 2026), -40% from a year earlier. Academic Services brought in $30.0M (65%); Chegg Skilling brought in $16.4M (35%).
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Academic Services | $30.0M | 64.6% | -12% | -50% |
| Chegg Skilling | $16.4M | 35.4% | -6% | -6% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $46.5M | 100.0% |
| Income tax | $277K | 0.6% |
| Operating cash flow | $7.2M | 15.5% |
| Free cash flow | $5.5M | 11.8% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $46.5M | -40% |
| Q2 2026 | $51.8M | -51% |
| Q1 2026 | $63.3M | -48% |
| Q4 2025 | $72.7M | -49% |
| Q3 2025 | $77.7M | -43% |
| Q2 2025 | $105M | -36% |
| Q1 2025 | $121M | -30% |
From Chegg's 10-Q filed Nov 3, 2026 (on EDGAR).
Questions
How does Chegg make money?
Chegg (CHGG) made $46.5M of revenue in the third quarter 2026 (Q3 2026), -40% from a year earlier. Academic Services brought in $30.0M (65%); Chegg Skilling brought in $16.4M (35%).
What is Chegg's biggest business?
Academic Services: $30.0M in the third quarter 2026, 65% of revenue, -50% from a year earlier.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.