Revenue: As of FY2026 Q1, the actual value is USD 63.26 M, beating the estimate of USD 61 M.EPS: As of FY2026 Q1, the actual value is USD 0, beating the estimate of USD -0.0699.EBIT: As of FY2026 Q1, the actual value is USD 119 K.<h4>First Quarter 2026 Financial Highlights</h4><ul><li>Total Net Revenues: $63.3 million, representing a decrease of 48% year-over-year .</li><li>Chegg Skilling Revenues: $17.6 million, marking an increase of 9% year-over-year .</li><li>Gross Margin (GAAP): 60% .</li><li>Non-GAAP Gross Margin: 62% .</li><li>Net Income (GAAP): $0.2 million, compared to a Net Loss of - $17.5 million for Q1 2025 .</li><li>Non-GAAP Net Income: $3.5 million .</li><li>Adjusted EBITDA: $15.5 million .</li></ul><h4>Operational Metrics</h4><ul><li>Gross Profit (GAAP): $37.9 million for Q1 2026, compared to $67.4 million for Q1 2025 .</li><li>Loss from Operations (GAAP): - $1.0 million for Q1 2026, compared to - $29.0 million for Q1 2025 .</li><li>Non-GAAP Operating Expenses: $36.4 million, indicating a reduction of $44.1 million or 55% year-over-year .</li><li>Non-GAAP Income from Operations: $2.6 million for Q1 2026, compared to - $11.7 million for Q1 2025 .</li><li>Capital Expenditures (CapEx): $1 million for Q1 2026, which is down 88% year-over-year . Chegg, Inc. targets a 60% reduction in CapEx for the full-year 2026, with approximately 90% dedicated to the Skilling business .</li></ul><h4>Cash Flow</h4><ul><li>Net Cash Provided by Operating Activities: $4.1 million for Q1 2026 .</li><li>Free Cash Flow: $3.1 million for Q1 2026, which includes approximately $12.9 million of severance payments . For Q1 2025, Free Cash Flow was $15.9 million .</li><li>Cash and Investments: $67.9 million at the end of the quarter .</li><li>Net Cash Position: $34.1 million at the end of the quarter .</li></ul><h4>Business Outlook for Second Quarter 2026</h4>Chegg, Inc. anticipates Chegg Skilling Revenues to be between $17.5 million and $18 million, and total net revenues are projected to be between $49 million and $50 million . The gross margin is expected to range from 51% to 52%, with adjusted EBITDA between $5 million and $6 million . The company also expects to generate meaningful free cash flow in 2026 and plans to fully repay its convertible debt by September .

Chegg | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 63.26 M