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Chegg CHGG Q1 2026 earnings

Reported May 6, 2026 · After market close

Revenue$63.3MBeat by $2.3M
EPS$0.03Beat by $0.06
Revenue estimate$61.0M
EPS estimate-$0.03

Next report

Nov 9, 2026 (in 2 months)
Revenue estimate$43.5M
EPS estimate-$0.07

Financials

Q1 2026

Income statement

See full
Revenue$63.3M-47.9%
Gross profit$37.9M-43.8%
Operating income-$1.0M+96.4%
Net income$228.0K+101%
EPS (diluted)$0.00+100%

Balance sheet

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Cash & equivalents$35.2M-25.3%
Total debt$17.9M-19.5%
Total equity$121.1M-34.8%
Total assets$244.1M-44.4%

Cash flow

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Operating cash flow$4.1M-83.3%
CapEx$1.0M-88.0%
Free cash flow$3.1M-80.7%

Valuation & ratios

Valuation

as of 03/31/26
See full
Market cap$82.88M+23.4%
Enterprise value$65.66M+54.8%
P/S0.3×+0.1×

Profitability

See full
Gross margin61.2%-5.4pp
Operating margin-27.9%-12.3pp
Net margin-26.9%-12.1pp

Returns & leverage

See full
Return on equity-55.9%-21.5pp
Debt / equity0.1×0.0×
Current ratio1×-0.2×

Segments

By product

See full
Academic Services$45.7M—
Chegg Skilling$17.6M—

By segment

See full
Reportable Segment$63.3M-47.9%

FAQ

When did Chegg report Q1 2026 earnings?
Chegg (CHGG) reported Q1 2026 earnings on May 6, 2026 after market close.
What were Chegg's Q1 2026 revenue and EPS?
Chegg reported revenue of $63.3M and eps of $0.03 for Q1 2026.
Did Chegg beat estimates in Q1 2026?
Revenue beat the consensus estimate of $61.0M by $2.3M. EPS beat the consensus estimate of $-0.03 by $0.06.
How did Chegg's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 47.9% from $121.4M a year earlier.
Where can I find Chegg's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001364954-26-000045) and the 10-Q periodic report (0001364954-26-000048) directly on SEC EDGAR. The filing index links above go to sec.gov.