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Chegg (CHGG) Financials

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$0.82 -0.02 (-2.73%)
Closing price 07/14/2026 03:59 PM Eastern
Extended Trading
$0.85 +0.03 (+3.16%)
As of 04:42 AM Eastern
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Annual Income Statements for Chegg

Annual Income Statements for Chegg

This table shows Chegg's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -59 -42 -20 -15 -9.61 -6.22 -1.46 267 18 -837 -103
Consolidated Net Income / (Loss)		 -59 -42 -20 -15 -9.61 -6.22 -1.46 267 18 -837 -103
Net Income / (Loss) Continuing Operations		 -59 -42 -20 -15 -9.61 -6.22 -1.46 267 18 -837 -103
Total Pre-Tax Income 		-58 -41 -18 -13 -6.97 -0.86 5.74 104 50 -688 -100
Total Operating Income		 -58 -40 -19 -6.22 18 57 78 8.96 -68 -737 -117
Total Gross Profit		 112 134 175 241 319 439 521 570 490 437 225
Total Revenue		 301 254 255 321 411 644 776 767 716 618 377
Operating Revenue		 301 254 255 321 411 644 776 767 716 618 377
Total Cost of Revenue		 190 120 80 80 92 205 255 197 226 181 152
Operating Cost of Revenue		 190 120 80 80 92 205 255 197 226 181 152
Total Operating Expenses		 169 175 194 247 301 382 443 561 558 1,174 342
Selling, General & Admin Expense		 45 55 64 78 98 129 159 216 236 218 177
Marketing Expense		 64 54 51 55 64 82 105 148 127 108 69
Research & Development Expense		 59 66 82 114 140 171 179 197 192 170 93
Impairment Charge		 - - - - - - - 0.00 3.60 677 2.00
Total Other Income / (Expense), net		 -0.03 -0.47 0.49 -7.24 -25 -58 -72 95 118 49 17
Interest Expense		 0.25 0.17 0.07 11 45 66 6.90 6.04 3.77 2.59 0.59
Other Income / (Expense), net		 0.22 -0.30 0.56 3.99 20 8.68 -65 101 122 51 17
Income Tax Expense		 1.48 1.71 1.80 1.43 2.63 5.36 7.20 -163 32 149 3.28
Basic Earnings per Share		 ($0.68) ($0.47) ($0.20) ($0.13) ($0.08) ($0.05) ($0.01) $2.09 $0.16 ($8.10) ($0.96)
Weighted Average Basic Shares Outstanding		 86.82M 90.53M 100.02M 113.25M 119.20M 125.37M 141.26M 127.56M 116.50M 103.30M 107.48M
Diluted Earnings per Share		 ($0.68) ($0.47) ($0.20) ($0.13) ($0.08) ($0.05) ($0.01) $1.34 ($0.34) ($8.10) ($0.96)
Weighted Average Diluted Shares Outstanding		 86.82M 90.53M 100.02M 113.25M 119.20M 125.37M 141.26M 149.86M 128.57M 103.30M 107.48M
Weighted Average Basic & Diluted Shares Outstanding		 86.82M 90.53M 100.02M 113.25M 119.20M 125.37M 134.85M 126.55M 102.95M 105.11M 111.80M

Quarterly Income Statements for Chegg

This table shows Chegg's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 -18 9.67 -1.42 -617 -213 -6.13 -17 -36 -17 -33 0.23
Consolidated Net Income / (Loss)		 -18 9.67 -1.42 -617 -213 -6.13 -17 -36 -17 -33 0.23
Net Income / (Loss) Continuing Operations		 -18 9.67 -1.42 -617 -213 -6.13 -17 -36 -17 -33 0.23
Total Pre-Tax Income 		-18 18 7.64 -479 -215 -2.10 -16 -34 -16 -33 0.09
Total Operating Income		 -58 13 -2.49 -485 -222 -27 -29 -36 -17 -34 -1.04
Total Gross Profit		 74 142 128 118 93 98 67 70 46 42 38
Total Revenue		 158 188 174 163 137 143 121 105 78 73 63
Operating Revenue		 158 188 174 163 137 143 121 105 78 73 63
Total Cost of Revenue		 84 46 46 45 43 46 54 35 32 31 25
Operating Cost of Revenue		 84 46 46 45 43 46 54 35 32 31 25
Total Operating Expenses		 132 129 130 603 315 125 96 106 63 76 39
Selling, General & Admin Expense		 53 53 56 54 52 56 39 60 33 45 19
Marketing Expense		 29 30 30 24 27 28 26 17 12 14 11
Research & Development Expense		 46 46 44 44 41 41 29 29 18 17 9.14
Impairment Charge		 3.60 - 0.00 482 196 - 2.00 0.00 0.00 - 0.00
Total Other Income / (Expense), net		 40 4.48 10 6.47 6.93 25 13 2.02 1.34 0.83 1.13
Interest Expense		 0.73 0.66 0.65 0.65 0.66 - 0.47 0.04 0.04 0.04 0.03
Other Income / (Expense), net		 40 5.14 11 7.12 7.59 26 13 2.06 1.38 0.87 1.16
Income Tax Expense		 0.17 8.10 9.06 138 -2.72 4.02 1.01 1.22 1.68 -0.64 -0.14
Basic Earnings per Share		 ($0.16) $0.09 ($0.01) ($6.01) ($2.05) ($0.03) ($0.17) ($0.33) ($0.16) ($0.30) $0.00
Weighted Average Basic Shares Outstanding		 115.41M 116.50M 102.34M 102.60M 103.72M 103.30M 105.16M 106.91M 108.45M 107.48M 111.73M
Diluted Earnings per Share		 ($0.16) ($0.09) ($0.01) ($6.01) ($2.05) ($0.03) ($0.17) ($0.33) ($0.16) ($0.30) $0.00
Weighted Average Diluted Shares Outstanding		 115.41M 128.57M 102.34M 102.60M 103.72M 103.30M 105.16M 106.91M 108.45M 107.48M 112.13M
Weighted Average Basic & Diluted Shares Outstanding		 115.81M 102.95M 102.22M 103.67M 104.31M 105.11M 106.57M 108.33M 109.27M 111.80M 111.96M

Annual Cash Flow Statements for Chegg

This table details how cash moves in and out of Chegg's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 11 9.62 50 249 13 92 374 -380 -338 26 -131
Net Cash From Operating Activities		 -0.08 24 52 75 113 236 273 256 246 125 15
Net Cash From Continuing Operating Activities		 -0.08 24 52 75 113 236 273 256 246 125 15
Net Income / (Loss) Continuing Operations		 -59 -42 -20 -15 -9.61 -6.22 -1.46 267 18 -837 -103
Consolidated Net Income / (Loss)		 -59 -42 -20 -15 -9.61 -6.22 -1.46 267 18 -837 -103
Depreciation Expense		 55 24 19 23 30 62 74 92 130 78 79
Amortization Expense		 0.15 0.11 0.00 10 43 65 5.92 5.17 3.16 2.15 0.50
Non-Cash Adjustments To Reconcile Net Income		 41 42 35 52 70 82 201 55 69 760 46
Changes in Operating Assets and Liabilities, net		 -37 0.36 17 4.51 -20 33 -6.22 -163 26 122 -5.84
Net Cash From Investing Activities		 8.27 -5.96 -136 -83 -703 -733 -366 105 269 11 282
Net Cash From Continuing Investing Activities		 8.27 -5.96 -136 -83 -703 -733 -366 105 269 11 282
Purchase of Property, Plant & Equipment		 -8.25 -25 -26 -31 -42 -81 -94 -103 -83 -75 -28
Acquisitions		 0.00 -27 -15 -45 -79 -93 -7.89 -407 -12 0.00 0.00
Purchase of Investments		 -38 -8.65 -128 -147 -960 -1,048 -1,688 -731 -638 -171 -0.79
Divestitures		 - - - - 0.00 0.00 16 0.00 0.00 16 0.00
Sale and/or Maturity of Investments		 48 30 26 140 378 540 1,411 1,343 992 242 311
Other Investing Activities, net		 5.96 25 6.94 0.00 0.00 -51 -2.22 2.19 9.79 0.00 0.00
Net Cash From Financing Activities		 2.72 -8.68 134 256 604 589 467 -745 -853 -109 -428
Net Cash From Continuing Financing Activities		 2.72 -8.68 134 256 604 589 467 -745 -853 -109 -428
Repayment of Debt		 - - - 0.00 0.00 -304 -301 -401 -506 -97 -425
Repurchase of Common Equity		 -2.26 0.00 0.00 -20 -20 0.00 -300 -324 -335 -2.57 0.00
Issuance of Debt		 14 2.10 24 365 780 1,077 78 0.00 0.30 0.00 0.00
Issuance of Common Equity		 0.00 0.00 148 - 35 0.00 1,091 6.48 4.17 2.64 0.59
Other Financing Activities, net		 -8.71 -11 -37 -88 -192 -184 -102 -27 -16 -13 -4.22
Effect of Exchange Rate Changes		 - - - - - 0.00 0.00 4.14 0.02 -1.03 -0.26
Cash Interest Paid		 0.10 0.05 0.09 0.61 1.33 1.77 1.05 0.88 0.74 0.45 0.22
Cash Income Taxes Paid		 0.83 1.09 1.79 2.10 2.07 3.44 7.39 6.84 11 8.09 4.59

Quarterly Cash Flow Statements for Chegg

This table details how cash moves in and out of Chegg's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 -81 41 7.98 -10 19 9.38 -117 -7.48 1.22 -7.38 1.75
Net Cash From Operating Activities		 33 77 53 14 40 18 25 -4.84 4.81 -9.01 4.11
Net Cash From Continuing Operating Activities		 33 77 53 14 40 18 25 -4.84 4.81 -9.01 4.11
Net Income / (Loss) Continuing Operations		 -18 9.67 -1.42 -617 -213 -6.13 -17 -36 -17 -33 0.23
Consolidated Net Income / (Loss)		 -18 9.67 -1.42 -617 -213 -6.13 -17 -36 -17 -33 0.23
Depreciation Expense		 57 21 20 20 20 19 32 16 15 15 14
Amortization Expense		 0.62 0.55 0.54 0.54 0.55 0.52 0.38 0.04 0.04 0.04 0.03
Non-Cash Adjustments To Reconcile Net Income		 8.73 35 31 505 225 -0.45 6.49 26 0.25 13 2.62
Changes in Operating Assets and Liabilities, net		 -15 11 3.21 106 7.30 4.81 3.05 -11 6.67 -4.14 -13
Net Cash From Investing Activities		 26 113 -41 -23 -19 95 275 -2.73 -2.34 12 18
Net Cash From Continuing Investing Activities		 26 113 -41 -23 -19 95 275 -2.73 -2.34 12 18
Purchase of Property, Plant & Equipment		 -23 -26 -28 -18 -16 -13 -8.67 -7.23 -5.76 -6.47 -1.04
Purchase of Investments		 -33 -53 -79 -45 -11 -37 -0.79 - - - 0.00
Sale and/or Maturity of Investments		 84 192 51 39 7.02 145 284 4.50 3.41 19 19
Net Cash From Financing Activities		 -139 -150 -4.29 -1.34 -0.82 -103 -417 -0.18 -0.60 -11 -20
Net Cash From Continuing Financing Activities		 -139 -150 -4.29 -1.34 -0.82 -103 -417 -0.18 -0.60 -11 -20
Repayment of Debt		 -136 - 0.00 - - -97 -416 - - -8.36 -19
Other Financing Activities, net		 -2.79 -2.58 -4.29 -3.53 -0.82 -4.04 -0.47 -0.57 -0.61 -2.58 -0.60
Effect of Exchange Rate Changes		 -0.58 0.40 -0.23 -0.08 0.16 -0.88 0.22 0.27 -0.65 -0.10 -0.42
Cash Interest Paid		 0.22 - 0.22 - 0.23 - 0.22 - - - 0.00
Cash Income Taxes Paid		 2.20 2.71 0.64 2.09 0.80 4.55 1.23 -0.16 1.13 2.38 0.24

Annual Balance Sheets for Chegg

This table presents Chegg's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 291 291 447 761 1,489 2,251 2,919 2,465 1,727 869 278
Total Current Assets		 133 111 229 495 807 1,183 1,623 1,144 415 438 122
Cash & Equivalents		 67 77 126 375 388 480 854 474 136 161 31
Short-Term Investments		 18 0.00 82 93 381 666 692 584 194 154 42
Accounts Receivable		 13 10 11 13 12 13 18 24 31 24 16
Prepaid Expenses		 3.12 2.58 2.04 4.67 11 13 35 28 21 17 16
Other Current Assets		 32 21 7.85 9.51 17 12 24 35 32 81 17
Plant, Property, & Equipment, net		 20 35 47 60 87 126 170 204 183 171 115
Total Noncurrent Assets		 139 144 170 206 594 942 1,115 1,117 1,129 261 41
Long-Term Investments		 4.23 0.00 20 16 310 524 746 216 250 213 12
Intangible Assets		 8.87 21 21 26 35 51 41 78 52 10 6.04
Other Noncurrent Operating Assets		 34 6.99 3.77 15 35 82 38 39 54 38 23
Total Liabilities & Shareholders' Equity		 291 291 447 761 1,489 2,251 2,919 2,465 1,727 869 278
Total Liabilities		 60 69 56 350 990 1,642 1,812 1,349 783 676 158
Total Current Liabilities		 56 64 52 60 71 110 114 139 518 528 141
Short-Term Debt		 - - - - - - - 0.00 357 359 54
Accounts Payable		 5.86 5.18 7.05 8.18 7.36 8.55 12 12 28 15 3.26
Accrued Expenses		 35 44 31 34 40 69 67 70 78 115 54
Current Deferred Revenue		 15 15 13 17 19 33 35 56 55 39 30
Total Noncurrent Liabilities		 4.17 4.38 4.31 291 919 1,532 1,698 1,210 264 148 17
Other Noncurrent Operating Liabilities		 4.17 4.38 4.31 6.96 18 25 20 21 21 20 17
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 231 222 391 411 499 610 1,107 1,117 945 193 120
Total Preferred & Common Equity		 231 222 391 411 499 610 1,107 1,117 945 193 120
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 231 222 391 411 499 610 1,107 1,117 945 193 120
Common Stock		 560 593 783 818 916 1,031 1,449 1,245 1,032 1,115 1,145
Retained Earnings		 -329 -371 -392 -407 -416 -423 -337 -71 -52 -889 -993
Accumulated Other Comprehensive Income / (Loss)		 -0.17 -0.18 -0.28 -1.02 -1.10 1.53 -5.33 -57 -35 -32 -33

Quarterly Balance Sheets for Chegg

This table presents Chegg's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 1,805 1,733 1,114 1,003 439 404 378 244
Total Current Assets		 348 466 434 497 210 204 203 111
Cash & Equivalents		 94 144 133 152 44 37 38 34
Short-Term Investments		 167 247 212 209 44 49 58 32
Accounts Receivable		 30 25 21 24 29 18 15 18
Prepaid Expenses		 31 20 31 25 15 24 19 12
Other Current Assets		 25 30 36 87 78 77 73 15
Plant, Property, & Equipment, net		 169 188 179 178 145 135 126 105
Total Noncurrent Assets		 1,288 1,078 502 328 84 65 49 28
Long-Term Investments		 413 222 260 270 38 28 15 1.98
Intangible Assets		 57 48 13 11 9.27 8.19 7.12 4.96
Other Noncurrent Operating Assets		 56 39 37 44 37 28 27 21
Total Liabilities & Shareholders' Equity		 1,805 1,733 1,114 1,003 439 404 378 244
Total Liabilities		 771 769 749 818 253 247 232 123
Total Current Liabilities		 150 505 485 546 171 227 215 107
Short-Term Debt		 - 357 358 358 0.00 63 63 34
Accounts Payable		 18 20 14 18 17 8.32 8.85 7.08
Accrued Expenses		 73 74 68 125 109 121 111 37
Current Deferred Revenue		 59 54 45 44 45 35 32 29
Total Noncurrent Liabilities		 621 264 264 272 82 20 18 16
Other Noncurrent Operating Liabilities		 22 21 20 29 20 20 18 16
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 1,033 963 366 185 186 158 146 121
Total Preferred & Common Equity		 1,033 963 366 185 186 158 146 121
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 1,033 963 366 185 186 158 146 121
Common Stock		 1,152 1,058 1,076 1,098 1,126 1,134 1,139 1,148
Retained Earnings		 -62 -54 -671 -883 -907 -943 -960 -993
Accumulated Other Comprehensive Income / (Loss)		 -56 -41 -40 -30 -33 -33 -33 -34

Annual Metrics And Ratios for Chegg

This table displays calculated financial ratios and metrics derived from Chegg's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 264,255,885.00 91,347,606.00 108,441,709.00 114,897,566.00 120,981,819.00 128,810,888.00 144,947,411.00 125,477,315.00 115,814,932.00 - 109,273,108.00
DEI Adjusted Shares Outstanding		 264,255,885.00 91,347,606.00 108,441,709.00 114,897,566.00 120,981,819.00 128,810,888.00 144,947,411.00 125,477,315.00 115,814,932.00 - 109,273,108.00
DEI Earnings Per Adjusted Shares Outstanding		 -0.22 -0.46 -0.19 -0.13 -0.08 -0.05 -0.01 2.13 0.16 - -0.95
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -1.14% -15.69% 0.38% 25.88% 27.98% 56.80% 20.47% -1.21% -6.60% -13.78% -38.97%
EBITDA Growth		 -113.16% -626.09% 105.64% 3,240.43% 258.36% 72.84% -51.83% 123.07% -9.58% -423.75% 96.63%
EBIT Growth		 10.54% 29.78% 54.40% 87.87% 1,796.37% 72.75% -80.69% 770.49% -50.83% -1,367.96% 85.48%
NOPAT Growth		 11.41% 30.55% 52.67% 67.21% 386.45% 218.53% -149.95% 215.79% -206.51% -2,008.42% 84.15%
Net Income Growth		 8.57% 28.65% 51.99% 26.60% 35.49% 35.23% 76.56% 18,387.93% -93.18% -4,704.33% 87.64%
EPS Growth		 12.82% 30.88% 57.45% 35.00% 38.46% 37.50% 80.00% 13,500.00% -125.37% -2,282.35% 88.15%
Operating Cash Flow Growth		 -100.12% 29,687.80% 112.47% 45.71% 50.98% 108.50% 15.56% -6.40% -3.73% -49.14% -87.63%
Free Cash Flow Firm Growth		 60.03% -16.61% -1.90% -66.65% -87.06% 9.88% 38.09% -869.09% 107.97% 611.52% -106.51%
Invested Capital Growth		 -9.04% 1.83% 12.41% 29.33% 52.23% 39.82% 7.70% 113.97% -6.44% -84.40% -41.43%
Revenue Q/Q Growth		 -5.12% -1.97% 4.27% 7.42% 7.83% 14.22% 0.23% -0.30% -2.35% -6.72% -15.82%
EBITDA Q/Q Growth		 -134.69% -131.03% 123.45% 47.61% 30.42% 31.64% -31.90% -7.65% 5.36% -3.65% -224.69%
EBIT Q/Q Growth		 2.14% -15.07% 20.49% 70.54% 56.75% 74.45% -64.92% -17.71% 38.28% -2.99% -47.21%
NOPAT Q/Q Growth		 2.23% -14.70% 17.72% 42.16% 115.31% 130.51% -701.81% -63.12% -11.62% -5.83% -6.33%
Net Income Q/Q Growth		 3.18% -13.79% 20.24% 10.18% 23.02% 74.13% -622.58% -7.77% 75.26% -1.92% -34.76%
EPS Q/Q Growth		 5.56% -20.51% 23.08% 0.00% 33.33% 72.22% 66.67% -14.10% -41.67% 0.74% -39.13%
Operating Cash Flow Q/Q Growth		 -100.44% 93.63% 121.03% 13.07% -3.09% 20.95% -0.97% 3.61% 1.43% -32.16% -63.66%
Free Cash Flow Firm Q/Q Growth		 -40.18% 11.25% 22.03% 1.00% -383.77% 49.37% -4.37% -9.97% 62.89% -5.61% -4.01%
Invested Capital Q/Q Growth		 23.69% 15.79% 9.25% 8.46% 45.65% 9.08% 3.52% 2.46% 0.63% -3.00% -9.05%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 37.01% 52.93% 68.57% 75.09% 77.57% 68.12% 67.16% 74.26% 68.46% 70.70% 59.63%
EBITDA Margin		 -0.75% -6.48% 0.36% 9.68% 27.09% 29.86% 11.94% 26.96% 26.10% -98.01% -5.42%
Operating Margin		 -19.15% -15.77% -7.44% -1.94% 4.34% 8.81% 10.06% 1.17% -9.45% -119.36% -31.00%
EBIT Margin		 -19.07% -15.89% -7.22% -0.70% 9.22% 10.16% 1.63% 14.34% 7.55% -111.04% -26.41%
Profit (Net Income) Margin		 -19.65% -16.63% -7.95% -4.64% -2.34% -0.97% -0.19% 34.77% 2.54% -135.54% -27.44%
Tax Burden Percent		 102.56% 104.21% 109.75% 110.63% 137.79% 722.53% -25.41% 256.52% 36.13% 121.60% 103.27%
Interest Burden Percent		 100.43% 100.42% 100.40% 602.69% -18.40% -1.32% 45.42% 94.51% 93.02% 100.38% 100.59%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 125.41% -156.52% 63.87% 0.00% 0.00%
Return on Invested Capital (ROIC)		 -27.09% -19.57% -8.64% -2.34% 4.70% 10.35% -4.27% 3.04% -2.45% -92.51% -68.53%
ROIC Less NNEP Spread (ROIC-NNEP)		 -6.18% -2.51% -4.06% 2.58% 16.35% 37.31% -8.94% -65.58% -133.66% 2,806.87% -9.99%
Return on Net Nonoperating Assets (RNNOA)		 2.33% 0.92% 2.03% -1.38% -6.82% -11.47% 4.10% 20.95% 4.22% -54.65% 2.36%
Return on Equity (ROE)		 -24.77% -18.65% -6.62% -3.71% -2.11% -1.12% -0.17% 23.98% 1.76% -147.16% -66.17%
Cash Return on Invested Capital (CROIC)		 -17.63% -21.38% -20.33% -27.92% -36.71% -22.86% -11.69% -69.56% 4.20% 53.50% -16.27%
Operating Return on Assets (OROA)		 -18.86% -13.87% -4.99% -0.37% 3.37% 3.50% 0.49% 4.09% 2.58% -52.83% -17.36%
Return on Assets (ROA)		 -19.43% -14.52% -5.50% -2.47% -0.85% -0.33% -0.06% 9.90% 0.87% -64.48% -18.03%
Return on Common Equity (ROCE)		 -24.77% -18.65% -6.62% -3.71% -2.11% -1.12% -0.17% 23.98% 1.76% -147.16% -66.17%
Return on Equity Simple (ROE_SIMPLE)		 -25.62% -19.03% -5.19% -3.63% -1.93% -1.02% -0.13% 23.88% 0.00% -433.76% 0.00%
Net Operating Profit after Tax (NOPAT)		 -40 -28 -13 -4.35 12 40 -20 23 -24 -516 -82
NOPAT Margin		 -13.40% -11.04% -5.21% -1.36% 3.04% 6.17% -2.56% 3.00% -3.42% -83.55% -21.70%
Net Nonoperating Expense Percent (NNEP)		 -20.91% -17.06% -4.58% -4.91% -11.64% -26.96% 4.67% 68.62% 131.21% -2,899.39% -58.54%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - 1.00% -1.58% -76.00% -47.18%
Cost of Revenue to Revenue		 62.99% 47.07% 31.43% 24.91% 22.43% 31.88% 32.84% 25.74% 31.54% 29.30% 40.37%
SG&A Expenses to Revenue		 15.00% 21.79% 25.25% 24.20% 23.75% 20.07% 20.49% 28.20% 32.97% 35.26% 47.07%
R&D to Revenue		 19.71% 26.11% 32.12% 35.60% 34.01% 26.52% 23.04% 25.64% 26.76% 27.60% 24.79%
Operating Expenses to Revenue		 56.15% 68.70% 76.00% 77.02% 73.23% 59.31% 57.10% 73.09% 77.91% 190.06% 90.64%
Earnings before Interest and Taxes (EBIT)		 -57 -40 -18 -2.23 38 65 13 110 54 -686 -100
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -2.27 -16 0.93 31 111 192 93 207 187 -605 -20
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 2.57 3.04 4.53 7.95 9.19 19.09 4.02 2.84 1.39 0.87 0.85
Price to Tangible Book Value (P/TBV)		 4.53 7.94 7.23 13.88 18.37 42.59 5.73 7.49 5.06 0.92 0.89
Price to Revenue (P/Rev)		 1.97 2.65 6.94 10.17 11.16 18.06 5.73 4.13 1.84 0.27 0.27
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 11.89 72.37 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 8.41% 1.38% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 3.55 4.13 9.48 14.58 13.77 25.64 7.96 2.99 1.38 0.83 0.80
Enterprise Value to Revenue (EV/Rev)		 1.67 2.35 6.04 9.55 10.73 17.81 4.94 4.02 1.87 0.20 0.19
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 1,657.27 98.66 39.59 59.63 41.39 14.92 7.15 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 116.36 175.34 303.62 28.05 24.70 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 353.41 288.80 0.00 134.29 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 24.60 29.90 40.81 38.87 48.53 14.04 12.07 5.43 1.00 4.53
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 31.86 0.42 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.69 1.80 2.47 1.52 1.06 0.64 2.52 0.45
Long-Term Debt to Equity		 0.00 0.00 0.00 0.69 1.80 2.47 1.52 1.06 0.26 0.66 0.00
Financial Leverage		 -0.38 -0.37 -0.50 -0.54 -0.42 -0.31 -0.46 -0.32 -0.03 -0.02 -0.24
Leverage Ratio		 1.27 1.28 1.20 1.51 2.47 3.37 3.01 2.42 2.03 2.28 3.67
Compound Leverage Factor		 1.28 1.29 1.21 9.08 -0.46 -0.04 1.37 2.29 1.89 2.29 3.69
Debt to Total Capital		 0.00% 0.00% 0.00% 40.86% 64.35% 71.20% 60.26% 51.56% 38.84% 71.58% 31.01%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 23.12% 52.82% 31.01%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 40.86% 64.35% 71.20% 60.26% 51.56% 15.72% 18.76% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 100.00% 100.00% 100.00% 59.14% 35.65% 28.80% 39.74% 48.44% 61.16% 28.42% 68.99%
Debt to EBITDA		 0.00 0.00 0.00 9.13 8.09 7.83 18.11 5.75 3.21 -0.80 -2.63
Net Debt to EBITDA		 0.00 0.00 0.00 -6.45 -1.61 -0.84 -6.62 -0.41 0.11 0.07 1.54
Long-Term Debt to EBITDA		 0.00 0.00 0.00 9.13 8.09 7.83 18.11 5.75 1.30 -0.21 0.00
Debt to NOPAT		 0.00 0.00 0.00 -65.15 72.19 37.93 -84.57 51.73 -24.51 -0.94 -0.66
Net Debt to NOPAT		 0.00 0.00 0.00 46.03 -14.33 -4.08 30.93 -3.71 -0.83 0.08 0.38
Long-Term Debt to NOPAT		 0.00 0.00 0.00 -65.15 72.19 37.93 -84.57 51.73 -9.92 -0.25 0.00
Altman Z-Score		 5.02 4.71 18.69 5.94 3.34 4.94 2.21 2.32 1.41 -3.30 -4.52
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 2.37 1.73 4.44 8.29 11.31 10.78 14.19 8.24 0.80 0.83 0.86
Quick Ratio		 1.75 1.36 4.25 8.06 10.93 10.56 13.68 7.79 0.70 0.64 0.63
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -26 -31 -31 -52 -97 -88 -54 -526 42 298 -19
Operating Cash Flow to CapEx		 -0.99% 98.27% 197.19% 240.57% 267.93% 290.77% 290.11% 248.07% 296.44% 167.04% 55.08%
Free Cash Flow to Firm to Interest Expense		 -106.39 -179.19 -421.96 -4.64 -2.17 -1.32 -7.88 -87.14 11.11 115.20 -32.91
Operating Cash Flow to Interest Expense		 -0.33 141.88 696.62 6.69 2.53 3.57 39.62 42.34 65.25 48.34 26.25
Operating Cash Flow Less CapEx to Interest Expense		 -33.74 -2.50 343.35 3.91 1.58 2.34 25.96 25.27 43.24 19.40 -21.41
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.99 0.87 0.69 0.53 0.37 0.34 0.30 0.28 0.34 0.48 0.66
Accounts Receivable Turnover		 21.88 21.53 23.94 27.22 33.87 52.72 50.47 37.08 26.09 22.44 19.21
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 15.72 9.19 6.16 5.98 5.58 6.05 5.25 4.10 3.70 3.49 2.64
Accounts Payable Turnover		 22.59 21.68 13.12 10.51 11.86 25.82 24.82 16.21 11.14 8.35 16.52
Days Sales Outstanding (DSO)		 16.69 16.96 15.24 13.41 10.78 6.92 7.23 9.84 13.99 16.27 19.00
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 16.15 16.84 27.83 34.74 30.76 14.13 14.71 22.52 32.75 43.72 22.09
Cash Conversion Cycle (CCC)		 0.53 0.12 -12.58 -21.33 -19.99 -7.21 -7.47 -12.68 -18.76 -27.45 -3.09
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 142 145 163 210 320 448 482 1,031 965 151 88
Invested Capital Turnover		 2.02 1.77 1.66 1.72 1.55 1.68 1.67 1.01 0.72 1.11 3.16
Increase / (Decrease) in Invested Capital		 -14 2.59 18 48 110 127 34 549 -66 -814 -62
Enterprise Value (EV)		 504 597 1,541 3,065 4,408 11,473 3,836 3,086 1,336 126 70
Market Capitalization		 593 674 1,770 3,265 4,586 11,635 4,450 3,171 1,316 168 102
Book Value per Share		 $2.62 $2.43 $3.61 $3.57 $4.12 $4.73 $7.64 $8.90 $8.16 $1.85 $1.09
Tangible Book Value per Share		 $1.49 $0.93 $2.26 $2.05 $2.06 $2.12 $5.36 $3.37 $2.25 $1.75 $1.04
Total Capital		 231 222 391 694 1,399 2,117 2,785 2,305 1,544 679 173
Total Debt		 0.00 0.00 0.00 284 900 1,507 1,678 1,189 600 486 54
Total Long-Term Debt		 0.00 0.00 0.00 284 900 1,507 1,678 1,189 243 127 0.00
Net Debt		 -89 -77 -229 -200 -179 -162 -614 -85 20 -42 -31
Capital Expenditures (CapEx)		 8.25 25 26 31 42 81 94 103 83 75 28
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -8.11 -30 -31 -33 -33 -72 -38 -52 -77 -48 -38
Debt-free Net Working Capital (DFNWC)		 77 47 177 435 736 1,073 1,508 1,006 253 268 34
Net Working Capital (NWC)		 77 47 177 435 736 1,073 1,508 1,006 -104 -91 -19
Net Nonoperating Expense (NNE)		 19 14 7.01 11 22 46 -18 -244 -43 321 22
Net Nonoperating Obligations (NNO)		 -89 -77 -229 -200 -179 -162 -625 -85 20 -42 -31
Total Depreciation and Amortization (D&A)		 55 24 19 33 73 127 80 97 133 80 79
Debt-free, Cash-free Net Working Capital to Revenue		 -2.69% -11.92% -12.08% -10.20% -7.96% -11.20% -4.84% -6.80% -10.69% -7.76% -10.19%
Debt-free Net Working Capital to Revenue		 25.46% 18.51% 69.54% 135.56% 179.08% 166.56% 194.30% 131.12% 35.38% 43.37% 9.13%
Net Working Capital to Revenue		 25.46% 18.51% 69.54% 135.56% 179.08% 166.56% 194.30% 131.12% -14.47% -14.70% -5.13%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.68) ($0.47) ($0.20) ($0.13) ($0.08) ($0.05) ($0.01) $2.09 $0.16 ($8.10) ($0.96)
Adjusted Weighted Average Basic Shares Outstanding		 89.96M 91.83M 109.96M 115.87M 121.89M 129.42M 141.26M 127.56M 116.50M 103.30M 107.48M
Adjusted Diluted Earnings per Share		 ($0.68) ($0.47) ($0.20) ($0.13) ($0.08) ($0.05) ($0.01) $1.34 ($0.34) ($8.10) ($0.96)
Adjusted Weighted Average Diluted Shares Outstanding		 89.96M 91.83M 109.96M 115.87M 121.89M 129.42M 141.26M 149.86M 128.57M 103.30M 107.48M
Adjusted Basic & Diluted Earnings per Share		 ($0.68) ($0.47) ($0.20) ($0.13) ($0.08) ($0.05) $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 86.82M 90.53M 100.02M 113.25M 119.20M 125.37M 134.85M 126.55M 102.95M 105.11M 111.80M
Normalized Net Operating Profit after Tax (NOPAT)		 -40 -29 -16 -3.94 12 40 55 6.27 -45 -42 -80
Normalized NOPAT Margin		 -13.28% -11.34% -6.23% -1.23% 3.04% 6.17% 7.04% 0.82% -6.27% -6.79% -21.33%
Pre Tax Income Margin		 -19.16% -15.95% -7.25% -4.19% -1.70% -0.13% 0.74% 13.55% 7.02% -111.46% -26.57%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -232.73 -236.06 -248.74 -0.20 0.84 0.99 1.83 18.21 14.33 -264.78 -168.73
NOPAT to Interest Expense		 -163.52 -164.03 -179.42 -0.39 0.28 0.60 -2.88 3.80 -6.49 -199.22 -138.64
EBIT Less CapEx to Interest Expense		 -266.14 -380.44 -602.01 -2.98 -0.10 -0.24 -11.83 1.14 -7.68 -293.72 -216.40
NOPAT Less CapEx to Interest Expense		 -196.94 -308.41 -532.69 -3.17 -0.67 -0.63 -16.53 -13.26 -28.50 -228.16 -186.31
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 -3.82% 0.00% 0.00% -134.34% -208.22% 0.00% -20,576.13% 121.34% 1,841.62% -0.31% 0.00%

Quarterly Metrics And Ratios for Chegg

This table displays calculated financial ratios and metrics derived from Chegg's official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 115,321,288.00 115,814,932.00 115,814,932.00 102,217,351.00 103,669,879.00 - 105,109,136.00 106,570,452.00 108,326,990.00 109,273,108.00 111,798,694.00
DEI Adjusted Shares Outstanding		 115,321,288.00 115,814,932.00 115,814,932.00 102,217,351.00 103,669,879.00 - 105,109,136.00 106,570,452.00 108,326,990.00 109,273,108.00 111,798,694.00
DEI Earnings Per Adjusted Shares Outstanding		 -0.16 0.08 -0.01 -6.04 -2.05 - -0.17 -0.33 -0.16 -0.30 0.00
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -4.18% -8.39% -7.06% -10.78% -13.47% -23.67% -30.38% -35.57% -43.08% -49.36% -47.88%
EBITDA Growth		 -63.32% 31.44% -16.69% -728.44% -584.50% -53.64% -42.26% 96.04% 99.80% -199.67% -14.39%
EBIT Growth		 -120.25% 433.31% 8.64% -1,152.45% -1,135.49% -107.99% -293.09% 92.80% 92.67% -2,167.55% 100.74%
NOPAT Growth		 -18.71% 9.15% 130.31% -3,168.03% -284.12% -364.60% -4,484.30% 92.48% 92.30% -25.45% 86.77%
Net Income Growth		 -107.27% 420.18% -164.96% -2,606.44% -1,063.04% -163.37% -1,131.27% 94.22% 91.78% -435.56% 101.30%
EPS Growth		 -113.01% -1,000.00% -150.00% -5,363.64% -1,181.25% 66.67% -1,600.00% 94.51% 92.20% -900.00% 100.00%
Operating Cash Flow Growth		 -13.58% 4.68% -27.12% -77.33% 20.50% -76.60% -54.00% -134.02% -87.83% -149.70% -83.26%
Free Cash Flow Firm Growth		 101.24% 113.57% 146.59% 290.71% 8,951.93% 979.98% 1,017.64% -21.94% -92.86% -95.17% -96.05%
Invested Capital Growth		 -4.74% -6.44% -7.03% -63.69% -83.81% -84.40% -87.20% -70.57% -37.54% -41.43% -28.49%
Revenue Q/Q Growth		 -13.67% 19.09% -7.25% -6.43% -16.28% 5.04% -15.40% -13.40% -26.04% -6.54% -12.93%
EBITDA Q/Q Growth		 -44.85% -1.04% -28.25% -1,704.80% 57.48% 109.47% -10.63% -210.12% 97.88% -4,669.87% 176.76%
EBIT Q/Q Growth		 -138.27% 206.03% -55.01% -5,865.33% 55.07% 99.31% -986.56% -114.93% 54.22% -112.11% 100.36%
NOPAT Q/Q Growth		 -289.93% 117.84% -93.59% -73,419.67% 54.17% 87.71% -6.16% -25.71% 53.03% -100.14% 88.80%
Net Income Q/Q Growth		 -174.28% 152.86% -114.69% -43,342.54% 65.53% 97.12% -185.45% -103.98% 51.01% -87.76% 100.70%
EPS Q/Q Growth		 -45.45% 43.75% 88.89% -60,000.00% 65.89% 98.54% -466.67% -94.12% 51.52% -87.50% 100.00%
Operating Cash Flow Q/Q Growth		 -47.72% 136.18% -31.19% -73.32% 177.87% -54.14% 35.29% -119.73% 199.44% -287.18% 145.57%
Free Cash Flow Firm Q/Q Growth		 104.65% 928.53% -1.65% 305.57% 120.64% 22.71% 1.78% -71.68% -79.81% -17.04% -16.63%
Invested Capital Q/Q Growth		 -3.56% 0.63% -1.40% -62.05% -57.01% -3.00% -19.13% -12.73% -8.76% -9.05% -1.26%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 47.06% 75.63% 73.33% 72.17% 68.21% 68.22% 55.54% 66.25% 59.22% 57.34% 59.89%
EBITDA Margin		 25.44% 21.14% 16.36% -280.51% -142.46% 12.84% 13.56% -17.25% -0.50% -25.27% 22.28%
Operating Margin		 -36.66% 7.07% -1.43% -297.28% -162.74% -19.04% -23.89% -34.68% -22.03% -47.17% -1.64%
EBIT Margin		 -11.01% 9.80% 4.75% -292.92% -157.19% -1.03% -13.19% -32.72% -20.26% -45.97% 0.19%
Profit (Net Income) Margin		 -11.58% 5.14% -0.81% -378.12% -155.67% -4.27% -14.40% -33.93% -22.47% -45.15% 0.36%
Tax Burden Percent		 100.95% 54.40% -18.59% 128.91% 98.74% 291.11% 106.14% 103.55% 110.66% 98.09% 259.09%
Interest Burden Percent		 104.22% 96.43% 92.16% 100.14% 100.31% 142.84% 102.92% 100.12% 100.26% 100.12% 73.95%
Effective Tax Rate		 0.00% 45.60% 118.59% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -159.09%
Return on Invested Capital (ROIC)		 -19.16% 2.76% 0.19% -209.85% -135.40% -14.76% -17.60% -52.64% -54.76% -104.26% -12.97%
ROIC Less NNEP Spread (ROIC-NNEP)		 -57.97% -4.74% -82.17% 1,016.38% -26.01% -132.14% -25.02% -16.46% -40.85% -80.40% -18.92%
Return on Net Nonoperating Assets (RNNOA)		 3.19% 0.15% -0.19% -32.83% 2.23% 2.57% 1.65% 1.76% 9.73% 19.00% 6.04%
Return on Equity (ROE)		 -15.96% 2.91% 0.00% -242.68% -133.18% -12.19% -15.94% -50.88% -45.02% -85.26% -6.93%
Cash Return on Invested Capital (CROIC)		 2.62% 4.20% 5.41% 38.48% 56.74% 53.50% 55.00% 14.65% -14.81% -16.27% -26.37%
Operating Return on Assets (OROA)		 -3.84% 3.35% 1.63% -129.85% -74.14% -0.49% -6.86% -21.83% -13.13% -30.21% 0.18%
Return on Assets (ROA)		 -4.04% 1.76% -0.28% -167.62% -73.43% -2.03% -7.49% -22.63% -14.57% -29.67% 0.34%
Return on Common Equity (ROCE)		 -15.96% 2.91% 0.00% -242.68% -133.18% -12.19% -15.94% -50.88% -45.02% -85.26% -6.93%
Return on Equity Simple (ROE_SIMPLE)		 1.00% 0.00% 1.51% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -41 7.23 0.46 -340 -156 -19 -20 -26 -12 -24 -2.69
NOPAT Margin		 -25.66% 3.84% 0.27% -208.10% -113.92% -13.33% -16.72% -24.28% -15.42% -33.02% -4.25%
Net Nonoperating Expense Percent (NNEP)		 38.81% 7.50% 82.36% -1,226.23% -109.39% 117.38% 7.42% -36.18% -13.91% -23.86% 5.95%
Return On Investment Capital (ROIC_SIMPLE)		 - 0.47% 0.03% -35.13% -19.79% -2.82% -8.18% -11.58% -5.75% -13.84% -1.73%
Cost of Revenue to Revenue		 52.94% 24.37% 26.67% 27.83% 31.79% 31.78% 44.46% 33.75% 40.78% 42.66% 40.11%
SG&A Expenses to Revenue		 33.88% 28.42% 31.85% 33.11% 38.00% 39.24% 32.44% 57.05% 42.75% 61.70% 30.32%
R&D to Revenue		 29.27% 24.32% 25.49% 26.76% 30.26% 28.58% 24.24% 27.32% 23.60% 23.34% 14.45%
Operating Expenses to Revenue		 83.72% 68.57% 74.76% 369.45% 230.95% 87.26% 79.43% 100.93% 81.25% 104.50% 61.53%
Earnings before Interest and Taxes (EBIT)		 -17 18 8.29 -478 -215 -1.47 -16 -34 -16 -33 0.12
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 40 40 29 -458 -195 18 16 -18 -0.39 -18 14
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.00 1.39 0.91 0.88 0.99 0.87 0.36 0.82 1.12 0.85 0.68
Price to Tangible Book Value (P/TBV)		 2.87 5.06 3.06 1.98 1.06 0.92 0.38 0.86 1.18 0.89 0.71
Price to Revenue (P/Rev)		 1.40 1.84 1.25 0.47 0.28 0.27 0.12 0.25 0.37 0.27 0.26
Price to Earnings (P/E)		 99.17 72.37 60.16 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 1.01% 1.38% 1.66% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 1.00 1.38 0.91 0.88 0.99 0.83 0.03 0.73 1.18 0.80 0.56
Enterprise Value to Revenue (EV/Rev)		 1.30 1.87 1.23 0.47 0.23 0.20 0.01 0.15 0.26 0.19 0.15
Enterprise Value to EBITDA (EV/EBITDA)		 5.38 7.15 4.77 0.00 0.00 0.00 0.00 0.00 6.99 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 24.39 24.70 15.79 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 3.93 5.43 3.82 1.79 0.83 1.00 0.03 1.00 2.69 4.53 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 37.07 31.86 16.20 1.22 0.49 0.42 0.01 2.26 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.58 0.64 0.62 1.64 3.25 2.52 0.34 0.40 0.43 0.45 0.28
Long-Term Debt to Equity		 0.58 0.26 0.25 0.67 1.32 0.66 0.34 0.00 0.00 0.00 0.00
Financial Leverage		 -0.06 -0.03 0.00 -0.03 -0.09 -0.02 -0.07 -0.11 -0.24 -0.24 -0.32
Leverage Ratio		 2.02 2.03 2.08 2.20 2.30 2.28 1.89 2.90 4.17 3.67 2.23
Compound Leverage Factor		 2.11 1.96 1.92 2.20 2.31 3.26 1.94 2.91 4.18 3.67 1.65
Debt to Total Capital		 36.71% 38.84% 38.39% 62.18% 76.48% 71.58% 25.18% 28.37% 29.99% 31.01% 21.83%
Short-Term Debt to Total Capital		 0.00% 23.12% 22.86% 37.03% 45.55% 52.82% 0.00% 28.37% 29.99% 31.01% 21.83%
Long-Term Debt to Total Capital		 36.71% 15.72% 15.53% 25.15% 30.93% 18.76% 25.18% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 63.29% 61.16% 61.61% 37.82% 23.52% 28.42% 74.82% 71.63% 70.01% 68.99% 78.17%
Debt to EBITDA		 3.38 3.21 3.31 -1.72 -1.03 -0.80 -0.10 -0.35 3.82 -2.63 -1.48
Net Debt to EBITDA		 -0.42 0.11 -0.07 0.01 0.05 0.07 0.10 0.29 -3.00 1.54 1.50
Long-Term Debt to EBITDA		 3.38 1.30 1.34 -0.70 -0.42 -0.21 -0.10 0.00 0.00 0.00 0.00
Debt to NOPAT		 -27.33 -24.51 -32.31 -1.61 -1.23 -0.94 -0.12 -0.28 -0.81 -0.66 -0.54
Net Debt to NOPAT		 3.40 -0.83 0.65 0.01 0.06 0.08 0.12 0.23 0.64 0.38 0.55
Long-Term Debt to NOPAT		 -27.33 -9.92 -13.07 -0.65 -0.50 -0.25 -0.12 0.00 0.00 0.00 0.00
Altman Z-Score		 1.26 1.34 1.03 -1.44 -1.20 -0.70 -1.46 -2.05 -2.12 -3.74 -3.96
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 2.31 0.80 0.92 0.89 0.91 0.83 1.23 0.90 0.95 0.86 1.04
Quick Ratio		 1.94 0.70 0.82 0.76 0.71 0.64 0.68 0.46 0.52 0.63 0.78
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 7.16 74 72 294 648 795 809 229 46 38 32
Operating Cash Flow to CapEx		 140.00% 300.86% 190.31% 79.93% 249.54% 136.36% 283.05% -66.94% 83.62% -139.20% 393.95%
Free Cash Flow to Firm to Interest Expense		 9.77 111.90 111.41 451.15 984.85 0.00 1,733.11 5,591.45 1,128.69 936.33 1,032.46
Operating Cash Flow to Interest Expense		 44.76 117.76 82.03 21.85 60.08 0.00 52.52 -118.05 117.39 -219.73 132.42
Operating Cash Flow Less CapEx to Interest Expense		 12.79 78.62 38.92 -5.49 36.00 0.00 33.96 -294.39 -23.00 -377.59 98.81
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.35 0.34 0.34 0.44 0.47 0.48 0.52 0.67 0.65 0.66 0.93
Accounts Receivable Turnover		 27.85 26.09 30.08 32.83 24.42 22.44 21.19 25.97 22.85 19.21 13.76
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 3.95 3.70 3.61 3.62 3.82 3.49 3.39 3.22 2.95 2.64 2.55
Accounts Payable Turnover		 14.00 11.14 13.46 16.17 9.98 8.35 10.20 15.69 12.36 16.52 10.34
Days Sales Outstanding (DSO)		 13.10 13.99 12.13 11.12 14.95 16.27 17.23 14.06 15.97 19.00 26.53
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 26.08 32.75 27.12 22.58 36.59 43.72 35.77 23.26 29.52 22.09 35.29
Cash Conversion Cycle (CCC)		 -12.97 -18.76 -14.98 -11.46 -21.64 -27.45 -18.55 -9.20 -13.55 -3.09 -8.76
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 959 965 951 361 155 151 122 106 97 88 87
Invested Capital Turnover		 0.75 0.72 0.71 1.01 1.19 1.11 1.05 2.17 3.55 3.16 3.05
Increase / (Decrease) in Invested Capital		 -48 -66 -72 -633 -804 -814 -830 -255 -58 -62 -35
Enterprise Value (EV)		 954 1,336 865 319 154 126 3.27 77 114 70 49
Market Capitalization		 1,029 1,316 877 323 183 168 67 129 164 102 83
Book Value per Share		 $8.96 $8.16 $9.41 $3.58 $1.78 $1.85 $1.77 $1.48 $1.35 $1.09 $1.08
Tangible Book Value per Share		 $3.11 $2.25 $2.80 $1.59 $1.67 $1.75 $1.68 $1.40 $1.28 $1.04 $1.04
Total Capital		 1,633 1,544 1,564 966 786 679 248 220 209 173 155
Total Debt		 599 600 600 601 601 486 62 63 63 54 34
Total Long-Term Debt		 599 243 243 243 243 127 62 0.00 0.00 0.00 0.00
Net Debt		 -75 20 -12 -4.47 -30 -42 -64 -52 -49 -31 -34
Capital Expenditures (CapEx)		 23 26 28 18 16 13 8.67 7.23 5.76 6.47 1.04
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -64 -77 -73 -39 -52 -48 -50 -46 -45 -38 -28
Debt-free Net Working Capital (DFNWC)		 197 253 318 306 309 268 39 39 51 34 38
Net Working Capital (NWC)		 197 -104 -39 -52 -49 -91 39 -23 -11 -19 3.84
Net Nonoperating Expense (NNE)		 -22 -2.44 1.88 277 57 -13 -2.82 10 5.48 8.81 -2.91
Net Nonoperating Obligations (NNO)		 -75 20 -12 -4.47 -30 -42 -64 -52 -49 -31 -34
Total Depreciation and Amortization (D&A)		 58 21 20 20 20 20 32 16 15 15 14
Debt-free, Cash-free Net Working Capital to Revenue		 -8.70% -10.69% -10.32% -5.76% -7.88% -7.76% -8.78% -9.11% -10.07% -10.19% -8.86%
Debt-free Net Working Capital to Revenue		 26.92% 35.38% 45.26% 44.79% 46.66% 43.37% 6.86% 7.79% 11.46% 9.13% 11.82%
Net Working Capital to Revenue		 26.92% -14.47% -5.58% -7.57% -7.45% -14.70% 6.86% -4.55% -2.51% -5.13% 1.21%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.16) $0.09 ($0.01) ($6.01) ($2.05) ($0.03) ($0.17) ($0.33) ($0.16) ($0.30) $0.00
Adjusted Weighted Average Basic Shares Outstanding		 115.41M 116.50M 102.34M 102.60M 103.72M 103.30M 105.16M 106.91M 108.45M 107.48M 111.73M
Adjusted Diluted Earnings per Share		 ($0.16) ($0.09) ($0.01) ($6.01) ($2.05) ($0.03) ($0.17) ($0.33) ($0.16) ($0.30) $0.00
Adjusted Weighted Average Diluted Shares Outstanding		 115.41M 128.57M 102.34M 102.60M 103.72M 103.30M 105.16M 106.91M 108.45M 107.48M 112.13M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 115.81M 102.95M 102.22M 103.67M 104.31M 105.11M 106.57M 108.33M 109.27M 111.80M 111.96M
Normalized Net Operating Profit after Tax (NOPAT)		 -38 7.23 -1.74 -2.43 -19 -19 -19 -26 -12 -24 -0.73
Normalized NOPAT Margin		 -24.07% 3.84% -1.00% -1.49% -13.62% -13.33% -15.57% -24.28% -15.42% -33.02% -1.15%
Pre Tax Income Margin		 -11.47% 9.45% 4.38% -293.32% -157.67% -1.47% -13.57% -32.76% -20.31% -46.03% 0.14%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -23.71 28.00 12.75 -734.08 -326.30 0.00 -34.27 -839.00 -384.07 -814.66 3.84
NOPAT to Interest Expense		 -55.26 10.98 0.71 -521.51 -236.48 0.00 -43.47 -622.45 -292.36 -585.13 -86.67
EBIT Less CapEx to Interest Expense		 -55.68 -11.14 -30.35 -761.43 -350.37 0.00 -52.83 -1,015.34 -524.46 -972.51 -29.77
NOPAT Less CapEx to Interest Expense		 -87.23 -28.16 -42.39 -548.86 -260.55 0.00 -62.03 -798.80 -432.75 -742.99 -120.28
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 1,796.66% 1,841.62% 0.00% 0.00% 0.00% -0.31% 0.00% 0.00% 0.00% 0.00% 0.00%

Financials Breakdown Chart

Key Financial Trends

Chegg’s financial profile has changed dramatically over the last four years. The company went from generating substantial revenue and cash flow in 2023 to a much smaller, lower-growth business in 2025 and early 2026. Revenue has fallen sharply, operating losses remain wide, and the balance sheet has shifted from a net cash position to a much more leveraged one.

There are a few bright spots. Chegg still produced positive operating cash flow in Q1 2026, and it continues to hold meaningful cash and short-term investments. The company also reduced debt in recent quarters. However, the overall trend is still clearly pressured by weaker demand, shrinking profitability, and balance-sheet deterioration versus 2024.

  • Q1 2026 operating cash flow was positive at $4.1 million, showing the business can still generate cash despite weak earnings.
  • Chegg ended Q1 2026 with $65.9 million in cash and short-term investments, which gives it some near-term liquidity.
  • Debt was reduced in Q1 2026, with $19.5 million of debt repayment during the quarter.
  • Operating expenses in Q1 2026 were much lower than they were a year earlier, reflecting a leaner cost structure.
  • In 2024, Chegg consistently generated positive operating cash flow in several quarters, indicating the underlying platform can still produce cash even when net income is weak.
  • Revenue improved sequentially from Q4 2025 to Q1 2026, rising from $72.7 million to $63.3 million after a softer end to 2025, but it remained well below prior-year levels.
  • Gross margin remained healthy in Q1 2026 at roughly 60% of revenue, showing the core service still has decent direct economics.
  • Shares outstanding continue to drift higher over time, which can dilute per-share results and limit EPS recovery.
  • Q1 2026 revenue fell 48% year over year, from $121.4 million to $63.3 million, underscoring a severe demand slowdown.
  • Chegg posted only $228,000 of net income in Q1 2026, essentially breakeven, after a $32.8 million loss in Q4 2025.
  • Operating income was still negative in Q1 2026 at $(1.0) million, so the company is not yet consistently profitable at the operating level.
  • Balance-sheet leverage has risen sharply: total liabilities were $123.0 million in Q1 2026 versus equity of $121.1 million, leaving little cushion.
  • Compared with Q1 2025, total assets declined from $438.8 million to $244.1 million, while equity fell from $185.7 million to $121.1 million.
  • Short-term debt still stood at $33.8 million in Q1 2026, and current liabilities of $106.9 million remain high relative to cash on hand.
  • The biggest deterioration shows up in the revenue trend: quarterly sales were $174.3 million in Q1 2024 and $187.9 million in Q4 2023, but have fallen to the low-$60 millions by Q1 2026.
  • Chegg’s retained earnings remain deeply negative at $(992.6) million, reflecting a long history of cumulative losses.

Bottom line: Chegg is still producing cash, but the longer-term picture is weak. Revenue has collapsed from 2023/early 2024 levels, profitability remains inconsistent, and the balance sheet is much less flexible than it was before. For retail investors, the stock looks more like a turnaround or asset-value story than a steady growth name, and the biggest risk is that shrinking revenue continues to outpace cost cuts.

07/15/26 05:13 AM ETAI Generated. May Contain Errors.

Chegg Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Chegg's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Chegg's net income appears to be on an upward trend, with a most recent value of -$103.42 million in 2025, rising from -$59.21 million in 2015. The previous period was -$837.07 million in 2024. Find out what analysts predict for Chegg in the coming months.

Chegg's total operating income in 2025 was -$116.86 million, based on the following breakdown:
  • Total Gross Profit: $224.76 million
  • Total Operating Expenses: $341.61 million

Over the last 10 years, Chegg's total revenue changed from $301.37 million in 2015 to $376.91 million in 2025, a change of 25.1%.

Chegg's total liabilities were at $158.39 million at the end of 2025, a 76.6% decrease from 2024, and a 162.8% increase since 2015.

In the past 10 years, Chegg's cash and equivalents has ranged from $31.15 million in 2025 to $854.08 million in 2021, and is currently $31.15 million as of their latest financial filing in 2025.

Over the last 10 years, Chegg's book value per share changed from 2.62 in 2015 to 1.09 in 2025, a change of -58.3%.


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Financial statements for NYSE:CHGG last updated on 7/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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