CHGG · Chegg, Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $63.26M | - | $77.74M | $105.12M | $121.39M | - | $136.59M | $163.15M | $174.35M | - |
| Cost of Revenue | $25.37M | - | $31.70M | $35.48M | $53.97M | - | $43.42M | $45.41M | $46.50M | - |
| Gross Profit | $37.89M | - | $46.04M | $69.64M | $67.41M | - | $93.17M | $117.74M | $127.85M | - |
| R&D | $9.14M | - | $18.35M | $28.72M | $29.43M | - | $41.34M | $43.65M | $44.44M | - |
| SG&A | $19.18M | - | $33.23M | $59.97M | $39.37M | - | $51.91M | $54.02M | $55.53M | - |
| Total Operating Expenses | $38.92M | - | $63.16M | $106.10M | $96.42M | - | $315.46M | $602.74M | $130.34M | - |
| D&A | - | - | - | - | - | - | - | - | $19.69M | - |
| Operating Income | ($1.04M) | - | ($17.12M) | ($36.46M) | ($29.00M) | - | ($222.29M) | ($485.01M) | ($2.49M) | - |
| Interest Expense | $31.0K | - | $41.0K | $41.0K | $650.0K | - | $658.0K | $651.0K | - | - |
| Income Tax | ($140.0K) | - | $1.68M | $1.22M | $1.01M | - | ($2.72M) | $138.34M | $9.06M | - |
| Net Income | $228.0K | - | ($17.47M) | ($35.66M) | ($17.48M) | - | ($212.64M) | ($616.88M) | ($1.42M) | - |
| EPS - Basic | $0.00 | - | ($0.16) | ($0.33) | ($0.17) | - | ($2.05) | ($6.01) | ($0.01) | - |
| EPS - Diluted | $0.00 | - | ($0.16) | ($0.33) | ($0.17) | - | ($2.05) | ($6.01) | ($0.01) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $33.53M | $31.15M | $38.18M | $36.83M | $44.10M | $161.47M | $152.07M | $133.07M | $143.75M | $135.76M |
| Accounts Receivable | $17.80M | $15.60M | $15.44M | $18.05M | $28.55M | $23.64M | $23.75M | $20.96M | $24.74M | $31.40M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $7.08M | $3.26M | $8.85M | $8.32M | $16.81M | $15.16M | $18.12M | $14.42M | $20.12M | $28.18M |
| Current Assets | $110.78M | $121.61M | $203.36M | $203.93M | $209.75M | $437.56M | $496.51M | $433.55M | $465.94M | $414.83M |
| Total Assets | $244.10M | $278.01M | $378.27M | $404.45M | $438.77M | $868.95M | $1.00B | $1.11B | $1.73B | $1.73B |
| Current Liabilities | $106.94M | $140.95M | $214.60M | $226.97M | $171.03M | $528.34M | $545.84M | $485.29M | $505.19M | $518.46M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $122.96M | $158.39M | $232.22M | $246.60M | $253.10M | $675.97M | $817.69M | $748.83M | $769.17M | $782.62M |
| Stockholders' Equity | $121.14M | $119.62M | $146.05M | $157.86M | $185.67M | $192.98M | $184.98M | $365.50M | $963.47M | $944.62M |
| Retained Earnings | ($992.63M) | ($992.86M) | ($960.06M) | ($942.59M) | ($906.92M) | ($889.44M) | ($883.32M) | ($670.68M) | ($53.79M) | ($52.37M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $4.11M | - | - | - | $24.53M | - | - | - | $53.32M | - |
| Investing Cash Flow | $18.11M | - | - | - | $274.91M | - | - | - | ($40.81M) | - |
| Financing Cash Flow | ($20.05M) | - | - | - | ($416.96M) | - | - | - | ($4.29M) | - |
| CapEx | $1.04M | - | - | - | $8.66M | - | - | - | $28.02M | - |
| Free Cash Flow | $3.06M | - | - | - | $15.86M | - | - | - | $25.30M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 59.9% | - | 59.2% | 66.3% | 55.5% | - | 68.2% | 72.2% | 73.3% | - |
| Operating margin | -1.6% | - | -22.0% | -34.7% | -23.9% | - | -162.7% | -297.3% | -1.4% | - |
| EBITDA margin | - | - | - | - | - | - | - | - | 9.9% | - |
| Net margin | 0.4% | - | -22.5% | -33.9% | -14.4% | - | -155.7% | -378.1% | -0.8% | - |
| Free cash flow margin | 4.8% | - | - | - | 13.1% | - | - | - | 14.5% | - |
| FCF / Net income | 13.43 | - | - | - | -0.91 | - | - | - | -17.82 | - |
| R&D / Revenue | 14.4% | - | 23.6% | 27.3% | 24.2% | - | 30.3% | 26.8% | 25.5% | - |
| SG&A / Revenue | 30.3% | - | 42.7% | 57.0% | 32.4% | - | 38.0% | 33.1% | 31.9% | - |
| Effective tax rate | -159.1% | - | - | - | - | - | - | - | 118.6% | - |
| Return on assets | 0.1% | - | -4.6% | -8.8% | -4.0% | - | -21.2% | -55.4% | -0.1% | - |
| Return on equity | 0.2% | - | -12.0% | -22.6% | -9.4% | - | -115.0% | -168.8% | -0.1% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 1.04 | 0.86 | 0.95 | 0.90 | 1.23 | 0.83 | 0.91 | 0.89 | 0.92 | 0.80 |
| Quick ratio | 1.04 | 0.86 | 0.95 | 0.90 | 1.23 | 0.83 | 0.91 | 0.89 | 0.92 | 0.80 |
| Cash ratio | 0.31 | 0.22 | 0.18 | 0.16 | 0.26 | 0.31 | 0.28 | 0.27 | 0.28 | 0.26 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | -33.5x | - | -417.7x | -889.2x | -44.6x | - | -337.8x | -745.0x | - | - |
| Equity multiplier | 2.01 | 2.32 | 2.59 | 2.56 | 2.36 | 4.50 | 5.42 | 3.05 | 1.80 | 1.83 |
| Liabilities / Assets | 0.50 | 0.57 | 0.61 | 0.61 | 0.58 | 0.78 | 0.82 | 0.67 | 0.44 | 0.45 |
| Efficiency | ||||||||||
| Asset turnover | 0.26 | - | 0.21 | 0.26 | 0.28 | - | 0.14 | 0.15 | 0.10 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 103d | - | 72d | 63d | 86d | - | 63d | 47d | 52d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | 102d | - | 102d | 86d | 114d | - | 152d | 116d | 158d | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | 0.7x | - | 1.1x | 0.8x | 0.4x | - | 1.0x | 0.9x | 0.8x | - |
| P / S | 1.3x | - | 2.1x | 1.2x | 0.6x | - | 1.3x | 2.0x | 4.4x | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | 36.7x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -47.9% | - | -43.1% | -35.6% | -30.4% | - | -13.5% | -10.8% | -7.1% | - |
| Revenue CAGR (3y) | -30.4% | - | -22.1% | -18.6% | -15.6% | - | -7.4% | 2.2% | 9.8% | - |
| Revenue CAGR (5y) | -13.6% | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | -43.8% | - | -50.6% | -40.8% | -47.3% | - | 25.4% | -13.1% | -7.7% | - |
| Operating income growth (YoY) | 96.4% | - | 92.3% | 92.5% | -1064.3% | - | -284.1% | -2494.2% | 44.0% | - |
| Net income growth (YoY) | - | - | 91.8% | 94.2% | -1131.3% | - | -1063.0% | - | - | - |
| EPS growth (YoY) | - | - | 92.2% | 94.5% | -1600.0% | - | -1181.3% | -5363.6% | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | -80.7% | - | - | - | -37.3% | - | - | - | -54.8% | - |
| FCF CAGR (5y) | -43.8% | - | - | - | -18.1% | - | - | - | 45.5% | - |
| Book value growth (YoY) | -34.8% | -38.0% | -21.0% | -56.8% | -80.7% | -79.6% | -82.1% | -64.7% | -4.3% | -15.4% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$376.91M totalReportable Segment$376.91M · 100.0%
Product / service
$376.91M totalAcademic Services$308.25M · 81.8%
Chegg Skilling$68.65M · 18.2%
Geographic
$376.91M totalUS$320.29M · 85.0%
Non Us$56.62M · 15.0%
Peer comparison
Same SIC group: Services-Educational Services
Comparing CHEGG against the 5 most active filers in the same SIC group.