CHEGG, INC (CHGG) is an American-based educational technology company that offers online tutoring, digital and physical textbook rentals, as well as other student services. The company was created in 2005 and is headquartered in Santa Clara, California. The name "Chegg" is actually a contraction of “chicken” and “egg,” reflecting the founders' mission to solve the chicken-and-egg situation students face upon graduation; whether to get a job to gain experience or stay in school to further their education.
CHEGG's core business revolves around providing online assistance to students. Their services include offering step-by-step solutions to textbook problems, offering tutoring and homework help, and a Q&A section where students can ask any academic question and receive an answer from experts. Perhaps, their most popular service among students is the cheaper digital and physical textbook rentals and sales, a bid aimed at taking the sting out of traditionally high textbook prices.
Over the years, CHEGG has significantly improved and expanded its services. In 2010, they added a course selection and schedule-building tool, and later introduced a service that matches students with scholarships. They even ventured into the world of test prep, offering resources and coaching for college and graduate-school entrance exams, among others.
CHEGG's services have become particularly vital amid the Covid-19 pandemic, as learning shifted to online platforms and students found themselves in need of extra assistance. This resulted in a spike in the number of subscribers and boosted the company's revenue. As of 2020, they had a reported 6.6 million subscribers.
There are criticisms of CHEGG, though, as some argue that the platform may encourage cheating among students. Others cite privacy concerns, as the service requires a fair amount of personal student information. Nevertheless, CHEGG has maintained its focus on providing beneficial academic services.
In the stock market, CHGG has been performing relatively well. In 2020, its share prices increased by about 120% and the company's future looks sound given the continuing demand for online learning tools.
In accordance with their goal to make learning more accessible, CHEGG has made education more adaptable to the modern age, making its contributions to the academic field incredibly noteworthy.
Income statement
Balance sheet statement
Cash flow statement
Current assets / Current liabilities
Equity / Debt / Cash
Dividends
Chegg reported a 40% year-over-year decline in third-quarter 2026 revenue, falling to $46.5 million, as its homework-help services continued to see reduced demand. Despite the revenue drop, the company narrowed its net loss and achieved positive adjusted EBITDA and free cash flow. Chegg also eliminated its remaining convertible debt and is focusing on expanding its employability platform, Internships.com, expecting it to boost revenue in 2027.
Chegg (NYSE: CHGG) reported its third-quarter 2026 financial results, with revenue of $46.5 million and adjusted EBITDA of $5.4 million, ending the quarter with $43.6 million in cash and no debt. The company has transitioned from a homework help service to an employability-focused platform, launching internships.com and expanding its skills platform, which is expected to generate over $65 million in revenue this year. Chegg anticipates Q4 2026 revenue between $38 million and $40 million and is exploring both organic and inorganic growth opportunities to enhance its new employability platform.
Chegg (NYSE:CHGG), an online study and academic help platform, is scheduled to announce its earnings results. Analysts expect a 44% year-on-year revenue decline, similar to the previous year, with estimates reconfirmed over the last 30 days. The company has a history of exceeding Wall Street's expectations, and while investor sentiment in the consumer internet segment has been positive, Chegg's stock has seen a slight decline.
Chegg (CHGG) is scheduled to release its Q3 2026 earnings before market open on Tuesday, November 3rd. Analysts are projecting a loss of $0.07 per share and revenue of $43.52 million, following a Q2 where the company beat estimates with a loss of $0.02 per share and revenue of $51.85 million. Investor sentiment remains weak, with shares trading near $0.72 and analysts rating the stock as "Reduce" on average.
OpenSesame has partnered with Chegg Skills to add over 100 new courses in AI, cybersecurity, data science, and other critical areas to its OpenSesame Plus platform. This expansion aims to help employees move from foundational knowledge to practical, job-ready skills, addressing the growing need for deeper technical and durable skills in a rapidly changing workplace. The collaboration focuses on outcomes-driven learning, enabling organizations to build more comprehensive workforce development programs.
OpenSesame announced that Chegg Skills is joining OpenSesame Plus, adding over 100 courses in AI, cybersecurity, data science, and more to enhance workforce development. This expansion aims to help employees acquire practical, job-ready skills in rapidly evolving fields, addressing the gap in AI readiness and supporting long-term career growth. The partnership focuses on an outcomes-driven approach, combining focused instruction with active practice and assessment to ensure learners can apply new knowledge.