v3.26.1
Revenues
6 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
Revenues Revenues
Revenue Recognition

The following tables present our total net revenues for the periods shown disaggregated for our Chegg Skilling and Academic Services product lines (in thousands, except percentages):
Three Months Ended
June 30,
Change
20262025$%
Chegg Skilling$17,534 $17,217 $317 %
Academic Services34,315 87,903 (53,588)(61)
Total net revenues$51,849 $105,120 $(53,271)(51)
Six Months Ended
June 30,
Change
20262025$%
Chegg Skilling$35,112 $33,352 $1,760 %
Academic Services79,999 193,155 (113,156)(59)
Total net revenues$115,111 $226,507 $(111,396)(49)

During the three and six months ended June 30, 2026, we recognized revenues of $17.1 million and $24.7 million, respectively, that were included in our deferred revenue balance at the beginning of each respective reporting period. During the three and six months ended June 30, 2025, we recognized revenues of $27.1 million and $34.2 million, respectively, that were included in our deferred revenue balance at the beginning of each respective reporting period.

Contract Balances

The following table presents our accounts receivable, net, contract assets and deferred revenue balances (in thousands, except percentages):
Change
June 30,
2026
December 31, 2025$%
Accounts receivable, net$10,734 $15,604 $(4,870)(31)%
Contract assets6,361 6,536 (175)(3)
Deferred revenue26,570 29,675 (3,105)(10)
During the six months ended June 30, 2026, our accounts receivable, net balance decreased by $4.9 million, or 31%, primarily due to cash collections and lower bookings. During the six months ended June 30, 2026, our contract assets balance remained relatively flat. During the six months ended June 30, 2026, our deferred revenue balance decreased by $3.1 million, or 10%, primarily due to lower bookings.