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Chegg, Inc (CHGG) stock

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NYSE: CHGG NYSE Education Services Next results ~November 3, 2026

C Fundamentals grade

Chegg, Inc is a US-listed company in the education services industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$2.3

Revenue-to-maturity cash-flow model

Base case. Range ~$2.3–$2.8 across our lower- and higher-growth cases (0%–5% a year).

Price vs value

No Buy/Hold/Sell rating is issued: only 2 valuation models apply; a rating needs 3.

Chegg, Inc valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders1 buying, 2 selling1 purchase and 3 sales by directors and officers, last 12 monthsInsider trades
  • Funds39 adding, 46 cuttingOf 17 active managers that changed their stake, 12 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Chegg files

Where Chegg stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $266m, down 47.6% on a year earlier, a steeper fall than the 43.5% decline a quarter earlier. That puts it 11 of 11 for growth among the education services companies we cover. Free-cash-flow margin fell to -2.6% from 6.4% a year earlier. Operating margin widened to -20.9% from -62.2%. The diluted share count is up 5.0% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 2 of our 3 financial-health checks. Our revenue-to-maturity cash-flow model value is $3.43 a share, against a share price of $0.69.

Source: 10-Q filed August 6, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 3, 2026 (estimated)

Chegg, Inc's trailing-twelve-month revenue fell 47.7% year on year, with a free-cash-flow margin of -0.2%. Where it stands out: long-term debt as % of assets of 0.0% ranks 1 of 14 education services companies we cover. Where it lags: revenue growth of -47.7% ranks 25 of 25 education services companies we cover.

Current signal Net income rising while operating cash flow falls: TTM net income grew 47.6% while operating cash flow fell 71.0% — earnings and cash are telling different stories.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Margins widening. Operating margin is up 5.9 points on a year ago.
  • Net cash. Cash exceeds long-term debt by $0.0bn.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Revenue shrinking. Revenue fell 47.7% over the last 12 months.
  • Loss-making. Operating margin is -18.6%: costs exceed revenue.
  • Burning cash. Free cash flow was -0.2% of revenue over the last 12 months.
  • Share dilution. Diluted shares rose 4.5% in a year.
  • Volatile shares. Over the past year the shares showed annualised volatility of 103% and a beta of 2.4 against the S&P 500.
  • Gross margin slipping. Gross margin is down 6.4 points on a year ago.

Latest results: FY2026 Q3

Filed November 3, 2026
Earnings per share
-$0.02 against an average estimate of -$0.05: beat by 60.0%
Revenue
$46m, down 40.2% on a year earlier
Guidance given
total Net Revenues $43m to $44m (Third Quarter 2026); gross Margin 48% to 49% (Third Quarter 2026)
Next report
November 3, 2026; average EPS estimate -$0.09

Chegg's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-4.3%
  • 1 week-6.9%
  • 1 month-9.5%
  • This year-28.0%
  • 1 year-36.8%
  • 5 years-98.0%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$234M
Operating margin
-18.6%
Net margin
-17.2%
EPS (TTM, diluted)
$-0.36

Growth

Revenue growth
−47.7%
Change in growth rate
−0.1 pts
Share count change
+4.5%

Cash

Free cash flow (TTM)
-$516,000
FCF margin
-0.2%
Stock pay % of revenue
5.9%

Earnings

Last results
November 3, 2026
Next results (est.)
February 8, 2027

News & updates

Updated November 3, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Announcement
  3. Results
  4. Guidance
  5. Announcement

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Chegg, Inc valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: only 2 valuation models apply; a rating needs 3.

Valuation models

We value Chegg, Inc as an operating company, with every model that fits that kind of business. Cost of equity 10.1%: the 10-year Treasury yield (4.9%) plus a beta of 1.14 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. ~$2.3 ~$2.3–$2.8 Primary model, counts double
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. — Does not apply: no positive earnings in the latest twelve months
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: the model gives no positive value
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. ~$0.4 ~$1.1–$4.2 Included, half weight
Combined value Weighted average of the models that apply: the primary model (revenue-to-maturity model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$1.9 ~$0.4–$2.3 2 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Chegg, Inc with Education Services in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$6.73$7.38$16.32$28.42$37.91$90.33$30.70$25.27$11.36$1.61$0.93$0.67
Market value$584m$668m$1.6bn$3.2bn$4.5bn$11.3bn$4.3bn$3.8bn$1.5bn$166m$100m$74m
+ Net debt (− = net cash)−$67m−$77m−$126m−$375m−$388m−$480m−$854m−$474m−$136m−$161m$23m−$29m
Enterprise value$517m$591m$1.5bn$2.8bn$4.1bn$10.8bn$3.5bn$3.3bn$1.3bn$5m$123m$46m
Multiples
Price / sales 1.9x2.6x6.4x10.0x11.0x17.6x5.6x4.9x2.0x0.3x0.3x0.3x
Price / earnings ———————14.2x80.3x———
Price / free cash flow ——64.2x73.3x63.6x73.0x24.2x24.8x9.0x3.3x——
EV / EBITDA ———n/m98.3x121.4x27.3x45.4x35.3x———

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

58 /100

Moderate moat

How hard Chegg's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 10 / 20

    Cash operating profit has been a median 8.7% of total assets over 10 years.

  • Pricing power 16 / 20

    Gross margin has been a median 68.8%, moving by 5.8 percentage points (standard deviation) across 10 years.

  • Durability 10 / 20

    Operating margin has been a median -6.0%; its worst year was -105.2%.

  • Cash conversion 16 / 20

    Free cash flow was positive in 8 of 10 years, at a median 16.5% of revenue.

  • Discipline 10 / 20

    The diluted share count fell 24.8% over five years; stock-based pay has been a median 15.1% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (63 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 3, 2026, before the open. Analysts expect revenue of $44m and EPS of −$0.09 (range −$0.09 to −$0.09) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current −$0.13 −533% $198m −48%
Next −$0.07 +46% $146m −26%

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +0.7% on 90 days ago. In the last 30 days, 2 analysts raised Chegg, Inc's forecast and 0 cut it.

Consensus EPS forecast Chegg, Inc, last 90 days
−$0.15 −$0.10 −$0.05 $0.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: −$0.13 Current fiscal year, 60 days ago: −$0.13 Current fiscal year, 30 days ago: −$0.13 Current fiscal year, 7 days ago: −$0.10 Current fiscal year, Now: −$0.13 −$0.13 Next fiscal year, 90 days ago: −$0.11 Next fiscal year, 60 days ago: −$0.11 Next fiscal year, 30 days ago: −$0.11 Next fiscal year, 7 days ago: −$0.05 Next fiscal year, Now: −$0.07 −$0.07

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago −$0.13−$0.11
60 days ago −$0.13−$0.11
30 days ago −$0.13−$0.11
7 days ago −$0.10−$0.05
Now −$0.13−$0.07

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 −$0.05 −$0.02 +60.0%
Mar 2026 −$0.02 $0.03 +244.1%
Dec 2025 −$0.02 −$0.01 +50.0%
Sept 2025 −$0.08 $0.00 +100.0%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 6, 2026
  • Total Net Revenues Third Quarter 2026 $43m to $44m
    “Total Net Revenues in the range of $43 million to $44 million” source
  • Gross Margin Third Quarter 2026 48% to 49%
    “Gross Margin between 48% and 49%” source
  • CapEx reduction full year 2026 about 60% growth
    “For full year 2026, we are targeting a 60% reduction in CapEx.” source
  • Adjusted EBITDA Third Quarter 2026 $1m to $2m Non-GAAP
    “Adjusted EBITDA in the range of $1 million to $2 million” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

Analyst recommendations

1 analysts, Oct 2026
Buy00%
Hold1100%
Sell00%

Monthly trend

  1. Oct 202611
  2. Sep 202611

Counts of recommendations published by analysts covering Chegg, Inc, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
5.6%
of tradable shares
Days to cover
9.48
at average volume
Short interest, 1 month
−4%
to October 15, 2026
Held by institutions
40%
of shares
Held by insiders
3.7%
of shares
Employees
564
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −36.8%

$1.06 on October 31, 2025 to $0.67

ThenNowEffect
Revenue (last 12 months) $507m $266m −47.6%
P/S multiple 0.2x 0.3x +26.7%
Share count 105m 110m −4.8%

Biggest factor: revenue. Loss-making at one end, so the split uses price/sales.

Last 3 years −92.0%

$8.35 on November 3, 2023 to $0.67

ThenNowEffect
Revenue (last 12 months) $740m $266m −64.1%
P/S multiple 1.6x 0.3x −82.8%
Share count 143m 110m +30.0%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
CHGG−66%−18%−55%−86%−42%−28%
Industry peers (median)−10%−6%+26%+25%+2%−8%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
CHGG50%50%50%17%50%27%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
CHGG−78%−56%−72%−87%−75%−57%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 100% from February 12, 2021 to March 20, 2026. Getting back needed a 25124% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$0.45 – $1.55
From 52-week high
−56.8%
vs 50-day average
−9.9%
vs 200-day average
−22.2%
Volatility (1 year)
103%
Beta vs S&P 500
2.38

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
3 up, 8 down
typical move ±15.5%
After a week
3 up, 8 down
typical move ±21.4%
After a month
5 up, 6 down
typical move ±32.9%
Results releasedNext dayS&P 500 next day5 days21 days
August 6, 2026 −10.7% +0.5% −22.3% −17.5%
May 6, 2026 +3.2% +1.1% −8.1% −5.6%
February 9, 2026 −15.2% +0.2% −31.6% −25.3%
November 10, 2025 +28.1% +1.8% +14.6% +5.6%
October 27, 2025 −10.1% +1.4% −32.4% −35.3%
August 5, 2025 −20.1% +0.3% −20.1% +20.1%
May 12, 2025 +15.9% +4.0% +30.4% +127.5%
February 24, 2025 −25.2% −1.0% −27.3% −56.6%
November 12, 2024 −15.1% −0.3% −9.7% +20.4%
August 5, 2024 −24.0% −2.0% −31.7% −30.7%
June 17, 2024 −3.2% +1.1% +6.8% +17.2%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Chegg, Inc in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Chegg, Inc
$0 $200M $400M $600M $800M FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $716.3M Revenue (TTM), FY24 Q1: $703M Revenue (TTM), FY24 Q2: $683.3M Revenue (TTM), FY24 Q3: $662.1M Revenue (TTM), FY24 Q4: $617.6M Revenue (TTM), FY25 Q1: $564.6M Revenue (TTM), FY25 Q2: $506.6M Revenue (TTM), FY25 Q3: $447.7M Revenue (TTM), FY25 Q4: $376.9M Revenue (TTM), FY26 Q1: $318.8M Revenue (TTM), FY26 Q2: $265.5M Revenue (TTM), FY26 Q3: $234.2M $234.2M

Source: SEC EDGAR filings. Retrieved November 3, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $716.3M
FY24 Q1 $703M
FY24 Q2 $683.3M
FY24 Q3 $662.1M
FY24 Q4 $617.6M
FY25 Q1 $564.6M
FY25 Q2 $506.6M
FY25 Q3 $447.7M
FY25 Q4 $376.9M
FY26 Q1 $318.8M
FY26 Q2 $265.5M
FY26 Q3 $234.2M
Revenue growth, TTM YoY Chegg, Inc
-60% -40% -20% 0% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: -6.6% Revenue growth, TTM YoY, FY24 Q1: -6.5% Revenue growth, TTM YoY, FY24 Q2: -7.7% Revenue growth, TTM YoY, FY24 Q3: -9.7% Revenue growth, TTM YoY, FY24 Q4: -13.8% Revenue growth, TTM YoY, FY25 Q1: -19.7% Revenue growth, TTM YoY, FY25 Q2: -25.9% Revenue growth, TTM YoY, FY25 Q3: -32.4% Revenue growth, TTM YoY, FY25 Q4: -39.0% Revenue growth, TTM YoY, FY26 Q1: -43.5% Revenue growth, TTM YoY, FY26 Q2: -47.6% Revenue growth, TTM YoY, FY26 Q3: -47.7% -47.7%

Source: SEC EDGAR filings. Retrieved November 3, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 -6.6%
FY24 Q1 -6.5%
FY24 Q2 -7.7%
FY24 Q3 -9.7%
FY24 Q4 -13.8%
FY25 Q1 -19.7%
FY25 Q2 -25.9%
FY25 Q3 -32.4%
FY25 Q4 -39.0%
FY26 Q1 -43.5%
FY26 Q2 -47.6%
FY26 Q3 -47.7%
Operating margin (TTM) Chegg, Inc
-150% -100% -50% 0% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: -9.5% Operating margin (TTM), FY24 Q1: -9.4% Operating margin (TTM), FY24 Q2: -77.9% Operating margin (TTM), FY24 Q3: -105.2% Operating margin (TTM), FY24 Q4: -119.4% Operating margin (TTM), FY25 Q1: -135.2% Operating margin (TTM), FY25 Q2: -62.2% Operating margin (TTM), FY25 Q3: -24.5% Operating margin (TTM), FY25 Q4: -31.0% Operating margin (TTM), FY26 Q1: -27.9% Operating margin (TTM), FY26 Q2: -20.9% Operating margin (TTM), FY26 Q3: -18.6% -18.6%

Source: SEC EDGAR filings. Retrieved November 3, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 -9.5%
FY24 Q1 -9.4%
FY24 Q2 -77.9%
FY24 Q3 -105.2%
FY24 Q4 -119.4%
FY25 Q1 -135.2%
FY25 Q2 -62.2%
FY25 Q3 -24.5%
FY25 Q4 -31.0%
FY26 Q1 -27.9%
FY26 Q2 -20.9%
FY26 Q3 -18.6%
FCF margin (TTM) Chegg, Inc
-10% 0% 10% 20% 30% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 22.8% FCF margin (TTM), FY24 Q1: 18.8% FCF margin (TTM), FY24 Q2: 12.1% FCF margin (TTM), FY24 Q3: 14.7% FCF margin (TTM), FY24 Q4: 8.1% FCF margin (TTM), FY25 Q1: 7.2% FCF margin (TTM), FY25 Q2: 6.4% FCF margin (TTM), FY25 Q3: 1.7% FCF margin (TTM), FY25 Q4: -3.4% FCF margin (TTM), FY26 Q1: -8.0% FCF margin (TTM), FY26 Q2: -2.6% FCF margin (TTM), FY26 Q3: -0.2% -0.2%

Source: SEC EDGAR filings. Retrieved November 3, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 22.8%
FY24 Q1 18.8%
FY24 Q2 12.1%
FY24 Q3 14.7%
FY24 Q4 8.1%
FY25 Q1 7.2%
FY25 Q2 6.4%
FY25 Q3 1.7%
FY25 Q4 -3.4%
FY26 Q1 -8.0%
FY26 Q2 -2.6%
FY26 Q3 -0.2%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 213 256 305 301 254 255 321 411 644 776 767 716 618 377 234
Gross profit 68 81 94 112 134 175 241 319 439 521 570 490 437 225 132
EBITDA −41 −45 −59 −51 −30 −5 11 42 89 128 73 38 — — —
Operating income −45 −51 −65 −58 −40 −19 −6 18 57 78 9 −68 −737 −117 −44
Net income −49 −56 −65 −59 −42 −20 −15 −10 −6 −1 267 18 −837 −103 −40
Diluted EPS −$1.10 −$1.90 −$0.78 −$0.68 −$0.47 −$0.20 −$0.13 −$0.08 −$0.05 −$0.01 $1.34 −$0.34 −$8.10 −$0.96 −$0.36
Growth (year on year)
Revenue — +19.8% +19.3% −1.1% −15.7% +0.4% +25.9% +28.0% +56.8% +20.5% −1.2% −6.6% −13.8% −39.0% −47.7%
EBITDA — — — — — — — +297.1% +112.7% +42.9% −42.8% −48.6% — — —
Operating income — — — — — — — — +218.5% +37.6% −88.5% — — — —
Net income — — — — — — — — — — — −93.2% <−999% — —
Diluted EPS — — — — — — — — — — — −125.4% — — —
Margins
Gross margin 31.7% 31.5% 30.8% 37.0% 52.9% 68.6% 75.1% 77.6% 68.1% 67.2% 74.3% 68.5% 70.7% 59.6% 56.4%
EBITDA margin −19.4% −17.7% −19.3% −16.9% −11.9% −2.0% 3.3% 10.2% 13.9% 16.5% 9.5% 5.2% — — —
Operating margin −21.2% −20.0% −21.4% −19.1% −15.8% −7.4% −1.9% 4.3% 8.8% 10.1% 1.2% −9.5% −119.4% −31.0% −18.6%
Net margin −23.0% −21.9% −21.2% −19.6% −16.6% −8.0% −4.6% −2.3% −1.0% −0.2% 34.8% 2.5% −135.5% −27.4% −17.2%
Free-cash-flow margin 18.5% 22.0% 20.8% −2.8% −0.2% 10.0% 13.7% 17.3% 24.1% 23.1% 19.9% 22.8% 8.1% −3.4% −0.2%
Cash flow
Cash from operations 55 64 68 −0 24 52 75 113 236 273 256 246 125 15 12
Capital spending 15 7 5 8 25 26 31 42 81 94 103 83 75 28 13
Free cash flow 40 56 63 −8 −0 25 44 71 155 179 153 163 50 −13 −1
Stock-based pay 18 37 37 39 42 38 52 65 84 109 133 134 85 32 14
Free cash flow after stock pay 21 19 27 −47 −42 −13 −8 6 71 70 19 30 −34 −44 −14
Balance sheet
Cash 21 77 56 67 77 126 375 388 480 854 474 136 161 31 29
Total debt 0 0 0 0 0 0 0 0 0 0 0 0 0 54 0
Net debt (negative = net cash) −21 −77 −56 −67 −77 −126 −375 −388 −480 −854 −474 −136 −161 23 −29
Diluted shares 45m 84m 83m 87m 91m 100m 113m 119m 125m 141m 150m 129m 103m 107m 111m
Returned to shareholders
Buybacks — — — — — — — 20 0 300 324 335 3 0 —
Total returned — — — — — — — 20 0 300 324 335 3 0 —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 3 checks passed · September 30, 2026
What it owns · $188m
Short-term assets $81mLonger-term assets $107m
What it owes, and who funded it · $188m
Short-term liabilities $60mLonger-term liabilities $13mShareholders' equity $116m
  • Short-term assets cover short-term liabilities $81m of assets due within a year against $60m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $81m short-term assets against $13m of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Operating income of −$44m against $109,000 of interest.

From Chegg, Inc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Buybacks, last 3 fiscal years
$337M
Diluted share count
+4.5%
year over year
R&D spending
17.7%
of revenue
Days sales outstanding
15 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in education services
Last 12 months unless stated CHGG YOUL NRDY IH LINC COE Median
Revenue, last 12 months $234m $258m $178m $112m $571m $96m $258m
Revenue growth, last 12 months −47.7% 17.1% −0.2% −12.4% 22.0% 88.6% 7.5%
Revenue growth, 3-year average −31.6% — 1.3% — 16.7% — 10.3%
Revenue growth, latest quarter −40.2% — −4.5% — 22.4% — 5.8%
Gross margin 56.4% 10.4% 61.0% 67.9% 59.8% 73.9% 54.6%
Operating margin −18.6% 0.4% −25.4% 8.3% 5.9% −15.1% 5.0%
Operating margin, 3-year average −49.5% — −32.4% — 4.4% −221.7% 5.9%
Net margin −17.2% 2.3% −17.0% 11.8% 4.0% −17.6% 3.9%
Cash from operations / revenue 5.3% 0.6% −6.7% 6.4% 16.5% 12.4% 8.4%
Free-cash-flow margin −0.2% 0.6% −9.9% 5.8% 4.3% 10.0% 5.8%
Free-cash-flow margin, 3-year average 5.4% — −12.8% — −5.8% <−999% 5.5%
Stock pay / revenue 5.9% — 12.6% 0.1% 1.1% 1.4% 1.4%
Change in share count 4.5% 4.1% 6.0% −1.3% 15.0% 2.3% 0.7%

Median of all 25 companies we cover in education services. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

25 education services companies
Measure Company Peer median Rank
Revenue growth Growth -47.7% 7.5% 25 of 25
Change in growth rate Growth -0.1pp -0.1pp 13 of 25
Gross margin Profitability 56.4% 54.6% 8 of 19
Operating margin Profitability -18.6% 5.0% 19 of 25
Net margin Profitability -17.2% 3.9% 17 of 25
Free-cash-flow margin Cash generation -0.2% 5.8% 18 of 25
Stock pay as % of revenue Cash generation 5.9% 1.4% 17 of 21
Long-term debt as % of assets Balance sheet 0.0% 16.5% 1 of 14
Change in share count Balance sheet 4.5% 0.7% 16 of 24
Days sales outstanding Balance sheet 15 days 29 days 5 of 18

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Academic Services $308M 81.8% ▼ 43.3%
Chegg Skilling $68.7M 18.2% ▼ 7.2%
Geography
Region Revenue Share YoY
United States $320M 85.0% ▼ 40.4%
Outside the US $56.6M 15.0% ▼ 29.2%

From Chegg, Inc's 10-K filed March 9, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$40.8M
Institutions reporting
96
Shares held vs prior quarter
▲ 0.6%
Positions opened / closed
10 / 15

Top buyers and sellers, Q2 2026: 39 institutions bought and 46 sold ; the biggest buyer was Jane Street Group, LLC (+1.1M shares) and the biggest seller Charles Schwab Investment Management Inc (−1.6M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Vanguard Capital Management LLC $4.7M 4.6M 11.4% ▲ 2.1%
Acadian Asset Management LLC $4.6M 4.6M 11.3% ▲ 3.9%
Renaissance Technologies LLC $3.4M 3.4M 8.4% ▲ 1.5%
Charles Schwab Investment Management Inc $2.6M 2.6M 6.4% ▼ 37.9%
Jane Street Group, LLC $2.5M 2.4M 6.0% ▲ 85.0%
Blackrock, Inc. $2.3M 2.2M 5.6% ▲ 21.7%
Quinn Opportunity Partners LLC $2.2M 2.2M 5.4% ▼ 1.8%
Arrowstreet Capital, Limited Partnership $1.5M 1.5M 3.6% ▼ 7.7%
Geode Capital Management, LLC $1.3M 1.3M 3.3% ▲ 7.8%
FMR LLC $1.3M 1.3M 3.2% ▲ 9.1%
Susquehanna International Group, LLP $954,395 945K 2.3% ▲ 101.4%
Cannell Capital LLC $871,901 863K 2.1% ▲ 110.9%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Chegg, Inc's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $56,000 1 trade by 1 insider, last 12 months Insider sales History → $51,596 3 trades by 2 insiders · 82% under pre-set plans
Net ▲ $4,404 net buying
Insider Date Trade Shares Price Value
Budig Renee Varni Director August 13, 2026 Sell pre-set plan 54,347 $0.78 $42,391
Rosensweig Daniel PRESIDENT, CEO, EXEC CHAIRMAN June 12, 2026 Sell 1,956 $1.11 $2,171
Rosensweig Daniel PRESIDENT, CEO, EXEC CHAIRMAN June 12, 2026 Sell 6,337 $1.11 $7,034
Rosensweig Daniel PRESIDENT, CEO, EXEC CHAIRMAN February 13, 2026 Buy 100,000 $0.56 $56,000

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 6 trades and filings

No trades in Chegg, Inc disclosed in the last 12 months; 6 earlier trades on record.

  • Susie Lee(D-NV 3):Sale (full), $1,001 - $15,000, traded May 26, 2021, filed June 14, 2021
  • Susie Lee(D-NV 3):Purchase, $1,001 - $15,000, traded February 23, 2021, filed March 11, 2021
  • Susie Lee(D-NV 3):Purchase, $1,001 - $15,000, traded February 17, 2021, filed March 11, 2021

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around February 8, 2027 estimated from the company's past filing pattern, not announced

  • November 3, 2026
  • August 6, 2026
  • May 6, 2026
  • February 9, 2026
  • November 10, 2025
  • October 27, 2025

Recent SEC filings

Data status

When each part of this page on Chegg, Inc was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Chegg, Inc in brief

What does Chegg, Inc do?
Chegg, Inc is a US-listed company in the education services industry. Its financial year ends in December.
What is Chegg, Inc's stock ticker?
Chegg, Inc trades under the ticker CHGG on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Chegg, Inc's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Chegg, Inc reported revenue of $234M, 47.7% lower than a year earlier, according to its SEC filings.
What is Chegg, Inc's free cash flow?
Chegg, Inc's free-cash-flow margin is -0.2% of revenue over the trailing twelve months, ranking 18 of the 25 education services companies we cover.
Who are Chegg, Inc's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Vanguard Capital Management LLC, Acadian Asset Management LLC and Renaissance Technologies LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Chegg, Inc's market cap?
On November 2, 2026, Chegg, Inc's market capitalisation was about $74.4M and net debt of -$28.8M. Market figures come from third-party market data and may be delayed.
Who are Chegg, Inc's competitors?
In our Education Services peer group, the companies closest to Chegg, Inc are Youlife Group Inc., Nerdy Inc., Ihuman Inc., Lincoln Educational Services Corp and 51talk Online Education Group. The side-by-side comparison below sets their revenue, margins and growth against Chegg, Inc's.
Are insiders buying or selling Chegg, Inc stock?
Over the last 12 months, Chegg, Inc's directors and officers reported 1 open-market purchases and 3 sales on Form 4. The insider trading page charts every trade.
When is Chegg, Inc's next earnings date?
Around November 3, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Chegg, Inc announces its own schedule.