---
title: "Chegg | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 63.26 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285429360.md"
datetime: "2026-05-06T20:10:29.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285429360.md)
  - [en](https://longbridge.com/en/news/285429360.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285429360.md)
---

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

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.

#### First Quarter 2026 Financial Highlights

-   Total Net Revenues: $63.3 million, representing a decrease of 48% year-over-year .
-   Chegg Skilling Revenues: $17.6 million, marking an increase of 9% year-over-year .
-   Gross Margin (GAAP): 60% .
-   Non-GAAP Gross Margin: 62% .
-   Net Income (GAAP): $0.2 million, compared to a Net Loss of - $17.5 million for Q1 2025 .
-   Non-GAAP Net Income: $3.5 million .
-   Adjusted EBITDA: $15.5 million .

#### Operational Metrics

-   Gross Profit (GAAP): $37.9 million for Q1 2026, compared to $67.4 million for Q1 2025 .
-   Loss from Operations (GAAP): - $1.0 million for Q1 2026, compared to - $29.0 million for Q1 2025 .
-   Non-GAAP Operating Expenses: $36.4 million, indicating a reduction of $44.1 million or 55% year-over-year .
-   Non-GAAP Income from Operations: $2.6 million for Q1 2026, compared to - $11.7 million for Q1 2025 .
-   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 .

#### Cash Flow

-   Net Cash Provided by Operating Activities: $4.1 million for Q1 2026 .
-   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 .
-   Cash and Investments: $67.9 million at the end of the quarter .
-   Net Cash Position: $34.1 million at the end of the quarter .

#### Business Outlook for Second Quarter 2026

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 .

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