CHGG

MKT CAP:$113M

Chegg, Inc.

Market Cap

$113M

Consumer Defensive·Education & Training Services·🇺🇸 United States·NYSE

Consumer Def.·Education·🇺🇸·NYSE

Stock Price

$0.97-$0.01 (-1.19%)

Apr 24, 2026

Company Details

Chegg, Inc. operates direct-to-student learning platform that supports students starting with their academic journey and extending into their careers with products and services to support and help them better understand their academic cours...

CEO

Daniel Lee Rosensweig

IPO Date

Nov 13, 2013

Website

www.chegg.com

Key Metrics TTM

Revenue

$377M

-39.0% YoY

Net Income

-$103M

EPS (Diluted)

-$0.96

Free Cash Flow

-$13M

Revenue / Share

$3.51

Gross Margin

60.2%

Operating Margin

-16.8%

Net Margin

-27.4%

FCF Margin

-3.4%

P/S

0.3x

P/E

—

Earnings Reports

Q1 2026

May 11, 2026

PENDING

FY 2025

Mar 9, 2026

$377MEPS -$0.96

Q4 2025

Mar 9, 2026

$73M-49.4%EPS -$0.30

Q3 2025

Nov 10, 2025

$78M-43.1%EPS -$0.16

Q2 2025

Aug 8, 2025

$105M-35.6%EPS -$0.33

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$202M	$147M	$5M
Q2 22	$195M	$149M	$7M
Q3 22	$165M	$120M	-$11M
Q4 22	$205M	$154M	$8M
Q1 23	$188M	$138M	-$4M
Q2 23	$183M	$135M	-$19M
Q3 23	$158M	$74M	-$58M
Q4 23	$188M	$142M	$13M
Q1 24	$174M	$128M	-$2M
Q2 24	$163M	$118M	-$485M
Q3 24	$137M	$93M	-$222M
Q4 24	$143M	$98M	-$27M
Q1 25	$121M	$67M	-$29M
Q2 25	$105M	$70M	-$36M
Q3 25	$78M	$46M	-$17M
Q4 25	$73M	$44M	$19M

Valuation

Quarter	P/S	P/E
Q1 22	6.1x	68.2x
Q2 22	3.7x	65.8x
Q3 22	3.5x	9.2x
Q4 22	4.0x	11.6x
Q1 23	2.5x	7.3x
Q2 23	1.5x	3.9x
Q3 23	1.3x	92.0x
Q4 23	1.6x	61.2x
Q1 24	1.1x	50.7x
Q2 24	0.4x	—
Q3 24	0.3x	—
Q4 24	0.3x	—
Q1 25	0.1x	—
Q2 25	0.3x	—
Q3 25	0.4x	—
Q4 25	0.3x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$80M	$51M
Q2 22	$64M	$36M
Q3 22	$38M	$16M
Q4 22	$74M	$50M
Q1 23	$73M	$56M
Q2 23	$63M	$46M
Q3 23	$33M	$9M
Q4 23	$77M	$52M
Q1 24	$53M	$25M
Q2 24	$14M	-$4M
Q3 24	$40M	$24M
Q4 24	$18M	$5M
Q1 25	$25M	$16M
Q2 25	-$5M	-$12M
Q3 25	$5M	-$943.0K
Q4 25	-$9M	-$15M

Capital Expenditures

Quarter	CapEx
Q1 22	$30M
Q2 22	$28M
Q3 22	$22M
Q4 22	$24M
Q1 23	$17M
Q2 23	$17M
Q3 23	$23M
Q4 23	$26M
Q1 24	$28M
Q2 24	$18M
Q3 24	$16M
Q4 24	$13M
Q1 25	$9M
Q2 25	$7M
Q3 25	$6M
Q4 25	$6M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+1.9%	+8.4%
Q2 22	-1.9%	+14.5%
Q3 22	-4.2%	+2.7%
Q4 22	-1.1%	+9.0%
Q1 23	-7.2%	-2.4%
Q2 23	-6.1%	+7.6%
Q3 23	-4.2%	+22.4%
Q4 23	-8.4%	-11.6%
Q1 24	-7.1%	-7.9%
Q2 24	-10.8%	+221.6%
Q3 24	-13.5%	+66.4%
Q4 24	-23.7%	-2.2%
Q1 25	-30.4%	-15.0%
Q2 25	-35.6%	-78.2%
Q3 25	-43.1%	-73.6%
Q4 25	-49.4%	-68.7%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$33M	16.4%
Q2 22	$0	0.0%
Q3 22	$34M	20.7%
Q4 22	$35M	17.1%
Q1 23	$34M	18.0%
Q2 23	$0	0.0%
Q3 23	$32M	20.2%
Q4 23	$32M	17.0%
Q1 24	$29M	16.8%
Q2 24	$18M	11.1%
Q3 24	$22M	16.1%
Q4 24	$15M	10.7%
Q1 25	$11M	9.3%
Q2 25	$8M	7.5%
Q3 25	$6M	7.6%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q1 22	$52M	$47M	$42M
Q2 22	$52M	$54M	$35M
Q3 22	$45M	$54M	$32M
Q4 22	$46M	$62M	$38M
Q1 23	$47M	$59M	$37M
Q2 23	$53M	$70M	$31M
Q3 23	$46M	$53M	$29M
Q4 23	$46M	$53M	$30M
Q1 24	$44M	$56M	$30M
Q2 24	$44M	$54M	$24M
Q3 24	$41M	$52M	$27M
Q4 24	$41M	$56M	$28M
Q1 25	$29M	$38M	$25M
Q2 25	$29M	$60M	$17M
Q3 25	$18M	$33M	$12M
Q4 25	$17M	$47M	$14M

Revenue Segments

Quarter	Chegg Services	Required Materials
Q1 22	$185M	$17M
Q2 22	$189M	$6M
Q3 22	$159M	$5M
Q1 23	$168M	$19M
Q2 23	$166M	$17M
Q3 23	$140M	$18M

Revenue by Geography

Quarter	Non-US	United States
Q1 25	$16M	$105M
Q2 25	$15M	$90M
Q3 25	$13M	$65M
Q4 25	$13M	$60M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$268M	$915M	$1.2B
Q2 22	$402M	$981M	$1.4B
Q3 22	$69M	$871M	$941M
Q4 22	$474M	$584M	$1.1B
Q1 23	$281M	$278M	$559M
Q2 23	$175M	$210M	$385M
Q3 23	$94M	$167M	$261M
Q4 23	$136M	$194M	$330M
Q1 24	$144M	$247M	$391M
Q2 24	$133M	$212M	$345M
Q3 24	$152M	$209M	$361M
Q4 24	$161M	$154M	$316M
Q1 25	$44M	$44M	$88M
Q2 25	$37M	$49M	$86M
Q3 25	$38M	$58M	$96M
Q4 25	$31M	$42M	$73M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	133M	-20.1%	-0.8%
Q2 22	150M	+12.2%	-11.1%
Q3 22	148M	-1.0%	+0.9%
Q4 22	128M	-13.9%	-23.6%
Q1 23	124M	-2.5%	-6.7%
Q2 23	133M	+7.0%	-11.1%
Q3 23	115M	-13.2%	-22.0%
Q4 23	119M	+3.0%	-6.8%
Q1 24	102M	-13.9%	-17.7%
Q2 24	103M	+0.3%	-22.8%
Q3 24	104M	+1.1%	-10.1%
Q4 24	103M	-0.4%	-13.1%
Q1 25	105M	+1.8%	+2.8%
Q2 25	107M	+1.7%	+4.2%
Q3 25	108M	+1.4%	+4.6%
Q4 25	107M	-0.9%	+4.1%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$116.5K	2K
Q2 22	$112.2K	2K
Q3 22	$94.9K	2K
Q4 22	$99.1K	2K
Q1 23	$90.6K	2K
Q2 23	$88.3K	2K
Q3 23	$76.2K	2K
Q4 23	$95.0K	2K
Q1 24	$88.1K	2K
Q2 24	$82.4K	2K
Q3 24	$69.0K	2K
Q4 24	$112.9K	1K
Q1 25	$95.5K	1K
Q2 25	$82.7K	1K
Q3 25	$61.2K	1K
Q4 25	$113.5K	640

Revenue / Employee