CHGG NYSE Services-Educational Services Financials FY2016βFY2025
Chegg, Inc had $377M of revenue in fiscal 2025, down 39.0% on the year before. Over five years, revenue changed β10.2% a year on average.
Last close Β· Oct 23, 2026
$0.70
4.8%Hi! I read Chegg, Incβs latest annual report (fiscal 2025). Here is what stands out:
Good So-so Weak
Are sales growing?
β39.0%
No. Sales fell 39.0% last year.
Does it make a profit?
β27.4%
No. It lost money last year.
Does profit turn into cash?
β3.4%
No. It spent more cash than it brought in.
How healthy are the accounts?
5 / 8
Mixed. It passes 5 of 8 health tests.
How is the share priced?
β
No P/E: it made no profit over the last four quarters.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
KIRA Β· Chegg, Inc had $377M of revenue in fiscal 2025, down 39.0% on the year before. Over five years, revenue changed β10.2% a year on average. Its operating margin was β31.0%, up 88.4Β pts: of every 100 in sales, about β31 is left after running the business.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
Revenue
Margins, % of revenue
Margins, % of revenue
KIRA Β· Chegg, Inc lost $103M in fiscal 2025.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
Net income
Diluted EPS
Diluted EPS
How much cash comes in, and where does it go?
KIRA Β· Free cash flow was β$12.6M in fiscal 2025, β3.4% of revenue.
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations vs capital spending
KIRA Β· Chegg, Inc returned $0.0M to shareholders in fiscal 2025. The diluted share count rose 4.1%.
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
Dividends and buybacks
Diluted shares outstanding (annual)
KIRA Β· In the last 12 months, insiders bought $0.1M and sold $0.1M of shares on the open market.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$0.1M
1 insider
Sold, 12 months
$0.1M
2 insiders
Of sales under plans
82%
$0.0M
| Date | Insider | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Aug 13, 2026 | Renee Varni BudigDirector | Sold plan | 54,347 | $0.78 | $0.0M | Form 4 |
| Jun 12, 2026 | Daniel RosensweigPresident, CEO, Exec Chairman, Director | Sold | 8,293 | $1.11 | $0.0M | Form 4 |
| Feb 13, 2026 | Daniel RosensweigPresident, CEO, Exec Chairman, Director | Bought | 100,000 | $0.56 | $0.1M | Form 4 |
Can it carry its debts, and how well does it use its money?
Cash, debt and the ratios that show how comfortably Chegg, Inc can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Cash vs debt (incl. leases)
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $1.5B | $1.1B | $330M | $316M | $72.8M |
| Interest coverage | β | 1.5x | β17.9x | β284.6x | β198.1x |
| Current ratio | 14.2x | 8.2x | 0.8x | 0.8x | 0.9x |
| Quick ratio | 14.2x | 8.2x | 0.8x | 0.8x | 0.9x |
| Total assets | $2.9B | $2.5B | $1.7B | $869M | $278M |
| Total liabilities | $1.8B | $1.3B | $783M | $676M | $158M |
| Shareholders' equity | $1.1B | $1.1B | $945M | $193M | $120M |
| Net debt (β = net cash) | β | β | β | β | β |
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Return on capital, equity and assets (annual)
KIRA Β· Chegg, Inc passes 5 of 8 financial health tests (Piotroski F-score).
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | β | β | β | β | β | β | β | β | β | β |
| Cash from operations is positive | β | β | β | β | β | β | β | β | β | β |
| Return on assets rose | β | β | β | β | β | β | β | β | β | β |
| Cash from operations exceeds net income | β | β | β | β | β | β | β | β | β | β |
| Debt fell relative to assets | β | β | β | β | β | β | β | β | β | β |
| Current ratio rose | β | β | β | β | β | β | β | β | β | β |
| Share count didn't rise | β | β | β | β | β | β | β | β | β | β |
| Gross margin rose | β | β | β | β | β | β | β | β | β | β |
| Revenue rose relative to assets | β | β | β | β | β | β | β | β | β | β |
| F-score | β / 3 | 5 / 8 | 5 / 8 | 5 / 8 | 4 / 8 | 4 / 8 | 5 / 8 | 5 / 8 | 6 / 8 | 5 / 8 |
| Accruals ratio | β22.9% | β19.5% | β14.9% | β10.9% | β13.0% | β10.6% | 0.4% | β10.9% | β74.1% | β20.7% |
| Altman Z'' | β0.64 | 6.81 | 3.19 | 2.94 | 3.07 | 3.83 | 3.48 | 0.51 | β9.42 | β14.13 |
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $254M | $255M | $321M | $411M | $644M | $776M | $767M | $716M | $618M | $377M |
| Net interest income | β$0.2M | β$0.1M | β$11.2M | β$44.9M | β$66.3M | β$6.9M | β$6.0M | β$3.8M | β | β |
| Gross profit | $134M | $175M | $241M | $319M | $439M | $521M | $570M | $490M | $437M | $225M |
| Research and development | $66.3M | $81.9M | $114M | $140M | $171M | $179M | $197M | $192M | $170M | $93.5M |
| Operating income | β$40.1M | β$19.0M | β$6.2M | $17.8M | $56.8M | $78.1M | $9.0M | β$67.7M | β$737M | β$117M |
| Interest expense | β | β | β | β | β | β | $6.0M | $3.8M | $2.6M | $0.6M |
| Pretax income | β$40.5M | β$18.5M | β$13.5M | β$7.0M | β$0.9M | $5.7M | $104M | $50.3M | β$688M | β$100M |
| Income tax | $1.7M | $1.8M | $1.4M | $2.6M | $5.4M | $7.2M | β$163M | $32.1M | $149M | $3.3M |
| Net income | β$42.2M | β$20.3M | β$14.9M | β$9.6M | β$6.2M | β$1.5M | $267M | $18.2M | β$837M | β$103M |
| Diluted EPS | β$0.47 | β$0.20 | β$0.13 | β$0.08 | β$0.05 | β$0.01 | $1.34 | β$0.34 | β$8.10 | β$0.96 |
| Diluted shares | 0.09B | 0.10B | 0.11B | 0.12B | 0.13B | 0.14B | 0.15B | 0.13B | 0.10B | 0.11B |
| Cash flow | ||||||||||
| Cash from operations | $24.3M | $51.6M | $75.1M | $113M | $236M | $273M | $256M | $246M | $125M | $15.5M |
| Capital expenditure | $24.7M | $26.1M | $31.2M | $42.3M | $81.3M | $94.2M | $103M | $83.1M | $75.0M | $28.1M |
| Free cash flow | β$0.4M | $25.4M | $43.9M | $71.1M | $155M | $179M | $153M | $163M | $50.3M | β$12.6M |
| Depreciation and amortization | $9.9M | $13.8M | $16.8M | $24.2M | $32.6M | $49.6M | $64.1M | $105M | β | β |
| Stock-based compensation | $41.8M | $38.4M | $52.0M | $64.9M | $84.1M | $109M | $133M | $134M | $84.6M | $31.9M |
| Acquisitions | $27.1M | $14.9M | $34.7M | $79.1M | $92.8M | $7.9M | $401M | $0.0M | $0.0M | β |
| Share buybacks | β | β | β | $20.0M | $0.0M | $300M | $324M | $335M | $2.6M | $0.0M |
| Dividends and buybacks | β | β | β | $20.0M | $0.0M | $300M | $324M | $335M | $2.6M | $0.0M |
| Balance sheet | ||||||||||
| Cash and short-term investments | $77.3M | $208M | $468M | $769M | $1.1B | $1.5B | $1.1B | $330M | $316M | $72.8M |
| Current assets | $111M | $229M | $495M | $807M | $1.2B | $1.6B | $1.1B | $415M | $438M | $122M |
| Current liabilities | $64.3M | $51.6M | $59.7M | $71.4M | $110M | $114M | $139M | $518M | $528M | $141M |
| Property and equipment, net | $35.3M | $47.5M | $59.9M | $87.4M | $126M | $170M | $204M | $183M | $171M | $115M |
| Goodwill | $116M | $125M | $150M | $215M | $285M | $290M | $615M | $632M | $0.0M | β |
| Intangible assets | $20.7M | $21.2M | $25.9M | $34.7M | $51.2M | $40.6M | $78.3M | $52.4M | $10.3M | $6.0M |
| Total assets | $291M | $447M | $761M | $1.5B | $2.3B | $2.9B | $2.5B | $1.7B | $869M | $278M |
| Total liabilities | $68.7M | $55.9M | $350M | $990M | $1.6B | $1.8B | $1.3B | $783M | $676M | $158M |
| Preferred stock | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Shareholders' equity | $222M | $391M | $411M | $499M | $610M | $1.1B | $1.1B | $945M | $193M | $120M |
| Margins | ||||||||||
| Gross margin | 52.9% | 68.6% | 75.1% | 77.6% | 68.1% | 67.2% | 74.3% | 68.5% | 70.7% | 59.6% |
| Operating margin | β15.8% | β7.4% | β1.9% | 4.3% | 8.8% | 10.1% | 1.2% | β9.5% | β119.4% | β31.0% |
| EBITDA margin | β11.9% | β2.0% | 3.3% | 10.2% | 13.9% | 16.5% | 9.5% | 5.2% | β | β |
| Net margin | β16.6% | β8.0% | β4.6% | β2.3% | β1.0% | β0.2% | 34.8% | 2.5% | β135.5% | β27.4% |
| FCF margin | β0.2% | 10.0% | 13.7% | 17.3% | 24.1% | 23.1% | 19.9% | 22.8% | 8.1% | β3.4% |
| Net interest share of revenue | β0.1% | β0.0% | β3.5% | β10.9% | β10.3% | β0.9% | β0.8% | β0.5% | β | β |
| Returns | ||||||||||
| Return on capital employed | β17.7% | β4.8% | β0.9% | 1.3% | 2.7% | 2.8% | 0.4% | β5.6% | β216.4% | β85.3% |
| Return on equity | β19.0% | β6.6% | β3.7% | β2.1% | β1.1% | β0.2% | 24.0% | 1.8% | β147.2% | β66.2% |
| Return on assets | β14.5% | β5.5% | β2.5% | β0.9% | β0.3% | β0.1% | 9.9% | 0.9% | β64.5% | β18.0% |
| Return on tangible equity | β49.7% | β8.3% | β6.3% | β3.8% | β2.3% | β0.2% | 63.0% | 7.0% | β458.3% | β91.1% |
| Growth | ||||||||||
| Revenue growth | β | 0.4% | 25.9% | 28.0% | 56.8% | 20.5% | β1.2% | β6.6% | β13.8% | β39.0% |
| Net income growth | β | β | β | β | β | β | β | β93.2% | β4,704.3% | β |
| EPS growth | β | β | β | β | β | β | β | β125.4% | β | β |
| FCF growth | β | β | 72.7% | 61.9% | 118.2% | 15.4% | β14.7% | 6.9% | β69.2% | β125.1% |
| Share count change | β | 10.5% | 13.2% | 5.3% | 5.2% | 12.7% | 6.1% | β14.2% | β19.7% | 4.1% |
| Financial health | ||||||||||
| Interest coverage | β | β | β | β | β | β | 1.5x | β17.9x | β284.6x | β198.1x |
| Current ratio | 1.7x | 4.4x | 8.3x | 11.3x | 10.8x | 14.2x | 8.2x | 0.8x | 0.8x | 0.9x |
| Quick ratio | 1.7x | 4.4x | 8.3x | 11.3x | 10.8x | 14.2x | 8.2x | 0.8x | 0.8x | 0.9x |
| Capital allocation | ||||||||||
| Capex / revenue | 9.7% | 10.2% | 9.7% | 10.3% | 12.6% | 12.1% | 13.4% | 11.6% | 12.1% | 7.5% |
| Stock comp / revenue | 16.4% | 15.0% | 16.2% | 15.8% | 13.0% | 14.0% | 17.4% | 18.6% | 13.7% | 8.5% |
| Payouts / FCF | β | β | β | 28.1% | 0.0% | 167.6% | 211.9% | 205.2% | 5.1% | β |
| Quality scores | ||||||||||
| Piotroski F-score | β | 5.0 | 5.0 | 5.0 | 4.0 | 4.0 | 5.0 | 5.0 | 6.0 | 5.0 |
| Altman Z'' | β0.6 | 6.8 | 3.2 | 2.9 | 3.1 | 3.8 | 3.5 | 0.5 | β9.4 | β14.1 |
| Accruals ratio | β22.9% | β19.5% | β14.9% | β10.9% | β13.0% | β10.6% | 0.4% | β10.9% | β74.1% | β20.7% |
Source: SEC EDGAR XBRL filings (CIK 0001364954). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.
