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NYSE · Consumer Discretionary

Chegg, Inc. (CHGG)

As-reported financials and SEC filings for Chegg, Inc. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Chegg, Inc.

Chegg, Inc operates a learning platform that provides academic support and professional skill development services. Its offerings include AI-driven personalized study tools for students, language learning courses, and workforce skilling programs designed for businesses and lifelong learners. Chegg serves students, educational institutions, and employers by delivering online learning content and tools to improve learning outcomes and career readiness.

Snapshot

Revenue
$376.9M
Revenue growth (YoY)
-39.0%
Net income
$-103.4M
Diluted EPS
$-0.96
Gross margin
59.6%
Operating margin
-31.0%
Net margin
-27.4%
FCF margin
-3.4%
ROE
-86.5%
net income / fiscal-year-end equity
P/E
n/m
not meaningful: a reported loss in the fiscal year or the trailing twelve months
Market cap
$81.7M
Long-term debt / equity
—
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Chegg

  • Revenue fell 39.0% to $377M in FY2025, after a 13.8% decline the year before.
  • Operating margin is now a 31.0% loss in FY2025, from 10.1% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $52M, down 50.7% from Q2 FY2025.
  • Free cash flow was negative $13M in FY2025.
  • Net loss narrowed to $103M in FY2025, from $837M in FY2024.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Chegg’s fundamentals sit among the 410 Consumer Discretionary companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin59.6%
87th percentile of 277
Operating margin-31.0%
5th percentile of 348
Net margin-27.4%
5th percentile of 384
FCF margin-3.4%
15th percentile of 358
Revenue growth (YoY)-39.0%
4th percentile of 401
ROE-86.5%
7th percentile of 349
Short interest9.39d
91st percentile of 408

Chegg’s revenue growth of -39.0% ranks in the 4th percentile of the 401 Consumer Discretionary companies reporting it. Chegg’s operating margin of -31.0% ranks in the 5th percentile of the 348 Consumer Discretionary companies reporting it. Chegg’s net margin of -27.4% ranks in the 5th percentile of the 384 Consumer Discretionary companies reporting it.

No reported insider purchases (code P) in the last 90 days; 1 insider sale totaling $42,146. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 5 quant / multi-strat books among the superinvestors we track; no conviction manager currently reports a position.

Conviction investors
0
+5 quant / multi-strat
Initiated / added
3
0 new, 3 added
Reduced / exited
2
2 trimmed, 0 exited
Combined position
$5.2M
reported long value
InvestorAs ofPosition valueSharesChange
Renaissance TechnologiesquantQ2 2026$3.4M3.4MAdded
Two Sigma InvestmentsquantQ2 2026$853,308844.9KReduced
Citadel AdvisorsquantQ2 2026$727,136719.9KAdded
Point72 Asset ManagementquantQ2 2026$113,321112.2KAdded
Millennium ManagementquantQ2 2026$74,63873.9KReduced

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
—
code P value
Sells (90d)
1
$42K
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-13
filed 2026-08-14
Renee Varni BudigDirectorSell54.3K$0.78$42K
2026-06-12
filed 2026-06-15
Daniel RosensweigPRESIDENT, CEO, EXEC CHAIRMANSell6.3K$1.11$7K
2026-06-12
filed 2026-06-15
Daniel RosensweigPRESIDENT, CEO, EXEC CHAIRMANSell2.0K$1.11$2K

Reported non-derivative purchases and sales (codes P/S), which may be open-market or private. Excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
6.0M
settled 2026-09-30
Change vs prior
-3.7%
vs previous settlement
Days to cover
9.39
at avg daily volume
Avg daily volume
642.9K
FINRA reported
SettlementShares shortChangeDays to cover
2026-09-306.0M-3.7%9.39
2026-09-156.3M-4.3%3.29
2026-08-316.6M+0.7%8.20
2026-08-146.5M-5.5%4.48
2026-07-316.9M+5.8%5.40
2026-07-156.5M+0.4%6.34
2026-06-306.5M-5.7%4.15
2026-06-156.9M-2.4%5.64

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$376.9M$617.6M$716.3M$766.9M$776.3M
Gross profit
Operating income$-116.9M$-737.1M$-67.7M$9.0M$78.1M
Net income$-103.4M$-837.1M$18.2M$266.6M$-1.5M
Diluted EPS$-0.96$-8.10$-0.34$1.34$-0.01

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$31.1M$161.5M$135.8M$473.7M$854.1M
Current assets$121.6M$437.6M$414.8M$1.14B$1.62B
Total assets$278.0M$869.0M$1.73B$2.47B$2.92B
Current liabilities$140.9M$528.3M$518.5M$138.9M$114.3M
Long-term debt—————
Total liabilities$158.4M$676.0M$782.6M$1.35B$1.81B
Total equity$119.6M$193.0M$944.6M$1.12B$1.11B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$15.5M$125.2M$246.2M$255.7M$273.2M
Capital expenditure$28.1M$75.0M$83.1M$103.1M$94.2M
Free cash flow

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Quarterly trend

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$51.8M-50.7%$-3.0M$-0.03
Q1 FY2026$63.3M-47.9%$228,000$0.00
Q4 FY2025-49.4%
Q3 FY2025$77.7M-43.1%$-17.5M$-0.16
Q2 FY2025$105.1M-35.6%$-35.7M$-0.33
Q1 FY2025$121.4M-30.4%$-17.5M$-0.17
Q4 FY2024-23.7%
Q3 FY2024$136.6M-13.5%$-212.6M$-2.05

Latest 8 quarters, from company XBRL filings on SEC EDGAR. A dotted underline marks a fourth-quarter figure we calculated from the full year and the first nine months. Revenue YoY is our calculation too: each quarter against the same quarter a year earlier.

Company facts

ExchangeNYSE
SectorConsumer Discretionary
SIC industryServices-Educational Services
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2015
SEC CIK1364954

Selected SEC filings

10-K2026-03-09
View on EDGAR →
10-Q2026-08-06
View on EDGAR →
10-Q2026-05-11
View on EDGAR →
8-K2026-09-01
View on EDGAR →
8-K2026-08-06
View on EDGAR →
8-K2026-07-24
View on EDGAR →
8-K2026-06-17
View on EDGAR →

Largest Consumer Discretionary peers

All Consumer Discretionary companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.