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CHGG

Chegg, Inc.

CHGG

Chegg, Inc. • NYSE
$0.97 ▲ 0.13% (+0.00)
Market Cap $105.68 M
52w High $2.73
52w Low $0.44
Dividend Yield 0%
P/E -1.42
Volume 1.68M
Outstanding Shares 109.27M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $77.742M ▼ $63.165M ▼ $-17.471M ▲ -22.473% ▲ $-0.16 ▲ $-426K ▲
Q2-2025 $105.12M ▼ $106.1M ▲ $-35.663M ▼ -33.926% ▼ $-0.33 ▼ $-18.173M ▼
Q1-2025 $121.387M ▼ $96.416M ▼ $-17.484M ▼ -14.404% ▼ $-0.17 ▼ $16.089M ▼
Q4-2024 $143.484M ▲ $125.205M ▼ $-6.125M ▲ -4.269% ▲ $-0.059 ▲ $17.905M ▲
Q3-2024 $136.593M $315.463M $-212.639M -155.673% $-2.05 $-195.131M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $96.389M ▲ $378.271M ▼ $232.218M ▼ $146.053M ▼
Q2-2025 $85.64M ▼ $404.453M ▼ $246.597M ▼ $157.856M ▼
Q1-2025 $88.293M ▼ $438.769M ▼ $253.098M ▼ $185.671M ▼
Q4-2024 $315.724M ▼ $868.951M ▼ $675.97M ▼ $192.981M ▲
Q3-2024 $361.076M $1.003B $817.691M $184.981M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-17.471M ▲ $4.813M ▲ $-2.342M ▲ $-604K ▼ $1.253M ▲ $-943K ▲
Q2-2025 $-35.663M ▼ $-4.84M ▼ $-2.734M ▼ $-177K ▲ $-7.302M ▲ $-12.07M ▼
Q1-2025 $-17.484M ▼ $24.526M ▲ $274.914M ▲ $-416.961M ▼ $-117.303M ▼ $15.861M ▲
Q4-2024 $-6.125M ▲ $18.128M ▼ $94.81M ▲ $-102.685M ▼ $9.377M ▼ $4.834M ▼
Q3-2024 $-212.639M $39.532M $-19.369M $-822K $19.497M $23.69M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Subscription Services
Subscription Services
 $130.00M ▲$110.00M ▼$90.00M ▼$70.00M ▼

Five-Year Company Overview

Income Statement

Income Statement Revenue has slipped from its peak and is now on a downward trend, showing that growth is under pressure. The company still generates solid gross profit on the services it sells, but spending on operations, restructuring, and new initiatives has pushed operating results into a sizeable loss in the most recent year. Profitability has swung from modest profit to clear loss, which highlights that the business model is being strained as Chegg invests heavily to adapt to AI-driven competition while facing softer demand for its traditional homework-help offerings.

Balance Sheet

Balance Sheet The balance sheet has become lighter over the past few years, with total assets shrinking as the company consolidates and streamlines. Cash is meaningfully lower than at its peak but still present, while debt remains significant compared with the company’s equity base. Equity has narrowed, reflecting accumulated losses and write-downs, but it remains positive. Overall, the financial position is not distressed, yet there is less balance-sheet cushion than before, so prolonged losses would matter more now than they did a few years ago.

Cash Flow

Cash Flow Despite accounting losses, Chegg continues to generate positive cash flow from its core operations, though this cash generation has slowly weakened over time. After funding moderate but steady investment in technology and platforms, the company still produces positive free cash flow, just at a lower level than in prior years. This suggests a business that is still able to self-fund its transformation for now, but with less room for missteps or additional shocks to revenue and margins.

Competitive Edge

Competitive Edge Chegg’s traditional strengths—its brand among students, large library of solutions, and subscription bundle—have been challenged by free or low-cost AI tools that can answer homework questions instantly. The company still has meaningful advantages through its proprietary, vetted content and integrated suite of study, writing, and math tools, plus newer offerings in skills training and language learning. However, the moat that once relied on network effects and expert-generated answers is much weaker in an era where general-purpose AI can often provide “good enough” help. The result is a more crowded and price-sensitive market, and Chegg must prove that its specialized, curated, and more accountable services are clearly better than free alternatives.

Innovation and R&D

Innovation and R&D Chegg is leaning into innovation, especially in AI, to rebuild its edge. It is developing proprietary language models trained on its own question-and-answer history, and rolling out AI-powered tools such as personalized content creation and multi-source “solution comparison” features. Underneath this sits a data layer that maps students to content and skills, aiming to make learning more tailored and efficient. The company is also pushing further into skills-based learning and language platforms, trying to serve both students and early-career professionals. These efforts are strategically important but also costly and unproven at scale, so the key uncertainty is whether they can reignite growth fast enough to offset the pressure on the legacy homework-help business.

Summary

Chegg is in the middle of a difficult shift from a once-dominant homework-help subscription model to an AI-first, skills-oriented education platform. Financially, revenue is drifting down and profitability has deteriorated, though the business still throws off positive cash flow and maintains a positive, if thinner, equity base. Strategically, the company faces intense pressure from generative AI, which has weakened its historical moat, yet it also holds valuable proprietary content and a recognized brand. Its future hinges on how effectively it can turn its data and new AI tools into a clearly superior learning experience, while managing costs and preserving cash along the way. The outlook is therefore mixed: meaningful assets and innovation on one hand, and real disruption and execution risk on the other.

NEWS

November 10, 2025 · 4:05 PM UTC

Chegg Reports Third Quarter 2025 Earnings

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October 27, 2025 · 4:05 PM UTC

Chegg to Remain a Standalone Public Company to Maximize Shareholder Value

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October 22, 2025 · 4:32 PM UTC

Halper Sadeh LLC Encourages Chegg, Inc. Shareholders to Contact the Firm to Discuss Their Rights

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October 16, 2025 · 4:05 PM UTC

Chegg, Inc. to Announce Third Quarter 2025 Financial Results

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