CHEGG, INC 8-K
Research Summary
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Chegg, Inc. Replaces Auditor — Dismisses Deloitte, Appoints Grant Thornton
What Happened
- Chegg, Inc. announced on an 8-K that its Audit Committee dismissed Deloitte & Touche LLP as the company's independent registered public accounting firm and, effective April 13, 2026, appointed Grant Thornton LLP as the new independent registered public accounting firm for the fiscal year ending December 31, 2026.
- Deloitte had audited Chegg’s consolidated financial statements for the fiscal years ended December 31, 2025 and 2024. Deloitte’s reports for those years were not qualified or modified and did not contain an adverse opinion or disclaimer. The company reported no disagreements or reportable events with Deloitte for those periods or through April 13, 2026. Deloitte provided a letter dated April 14, 2026 (filed as Exhibit 16.1) in response to the disclosure.
- Chegg disclosed that, during 2024, 2025 and through April 13, 2026, it did not consult with Grant Thornton on accounting or auditing matters that would make Grant Thornton’s advice an important factor in the company’s accounting decisions, nor were there any disagreements or reportable events involving Grant Thornton for that period.
Key Details
- Date of auditor change: April 13, 2026 (dismissal of Deloitte and appointment of Grant Thornton, effective immediately).
- Prior audit coverage: Deloitte audited fiscal years ended Dec 31, 2024 and Dec 31, 2025; reports were unqualified/unmodified.
- Deloitte’s response letter: dated April 14, 2026, filed as Exhibit 16.1 to the 8-K.
- New engagement: Grant Thornton appointed as Chegg’s independent registered public accounting firm for the fiscal year ending Dec 31, 2026.
Why It Matters
- An auditor change is a material disclosure that investors track because the independent auditor issues the audit opinion on the company’s financial statements. Chegg’s filing makes clear there were no disagreements with Deloitte and Deloitte’s prior opinions were unmodified, which is a reassuring factual point for investors.
- Grant Thornton will audit Chegg’s financials for 2026; investors should note the change and watch upcoming quarterly and annual filings for the new auditor’s reports and any additional disclosures (for example, audit fees or audit procedures) that may accompany the transition.
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