A Business at a Glance
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CHEGG, INC
CHGG
$104M
Mkt Cap
$0.96
-0.84%
CHEGG, INC (CHGG) has a 5-year average return on invested capital (ROIC) of -38.2%. This is below average and may indicate limited pricing power.
CHEGG, INC (CHGG) has a market capitalization of $104M. It is classified as a small-cap stock.
CHEGG, INC (CHGG) does not currently pay a regular dividend.
CHEGG, INC (CHGG) operates in the Services-Educational Services industry, within the Consumer Cyclical sector.
CHEGG, INC (CHGG) reported annual revenue of $377 million in its most recent fiscal year, based on SEC EDGAR filings.
CHEGG, INC (CHGG) has a net profit margin of -27.4%. The company is currently unprofitable.
CHEGG, INC (CHGG) generated $-13 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
ITEM 1. BUSINESS Chegg is a learning platform helping businesses bring new skills to their workforce and giving lifelong learners and students the skills and confidence to succeed. Focused on the large and growing skilling market, Chegg offers innovative tools for workplace readiness, professional upskilling, and language learning. Chegg also continues to offer students artificial intelligence (AI)-driven, personalized support. Chegg remains committed to its mission of improving learning outcomes and career opportunities for millions of people around the world. Our long-term strategy is focused on helping learners achieve better outcomes by combining academic support with practical, career-relevant skills across the learning lifecycle. We are evolving our platform to support learners both in the classroom and beyond, leveraging AI to deliver faster, more personalized, and more effective learning experiences.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 377M | 377M | 618M | 716M | 767M | 776M |
| Net Income | -103M | -103M | -837M | 18M | 267M | -1.5M |
| EPS | $-0.96 | $-0.96 | $-8.10 | $0.18 | $1.34 | $-0.01 |
| Free Cash Flow | -13M | -13M | 50M | 163M | 153M | 179M |
| ROIC | -57.1% | -47.0% | -111.0% | 1.0% | - | 4.2% |
| Gross Margin | 59.6% | 59.6% | 70.7% | 68.5% | 74.3% | 67.2% |
| Debt/Equity | 0.61 | 0.61 | 0.78 | 0.28 | 1.08 | 1.53 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | -117M | -117M | -737M | -68M | - | 78M |
| Operating Margin | -31.0% | -31.0% | -119.4% | -9.5% | - | 10.1% |
| ROE | -86.5% | -66.2% | -147.2% | 1.8% | 24.0% | -0.2% |
| Shares Outstanding | 108M | 108M | 103M | 103M | 199M | 146M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 305M | 301M | 182M | 255M | -11M | -45M | 644M | 776M | 767M | 716M | 618M | 377M | 377M |
| Gross Margin | 30.8% | 37.0% | 73.7% | 68.6% | -2147.8% | -710.7% | 68.1% | 67.2% | 74.3% | 68.5% | 70.7% | 59.6% | 59.6% |
| R&D | 49M | 59M | 66M | 82M | 114M | 140M | 171M | 179M | 197M | 192M | 170M | 93M | 93M |
| SG&A | 42M | 45M | 55M | 64M | 78M | 98M | 129M | 159M | 216M | 236M | 218M | 177M | 177M |
| EBIT | -65M | -58M | -40M | -19M | -2.2M | N/A | 57M | 78M | N/A | -68M | -737M | -117M | -117M |
| Op. Margin | -21.4% | -19.1% | -22.0% | -7.4% | 19.9% | N/A | 8.8% | 10.1% | N/A | -9.5% | -119.4% | -31.0% | -31.0% |
| Net Income | -65M | -59M | -42M | -20M | -15M | -9.6M | -6.2M | -1.5M | 267M | 18M | -837M | -103M | -103M |
| Net Margin | -21.2% | -19.6% | -23.2% | -8.0% | 132.6% | 21.4% | -1.0% | -0.2% | 34.8% | 2.5% | -135.5% | -27.4% | -27.4% |
| Non-Recurring | 4.6M | 9.2M | 1.1M | 7.2M | 682K | 1.1M | 0 | -193K | -3.5M | 1.6M | 630M | 41K | 41K |
| Returns on Capital | |||||||||||||
| ROIC | -24.8% | -24.8% | -18.7% | -6.6% | -1.1% | N/A | 7.0% | 4.2% | N/A | 1.0% | -111.0% | -47.0% | -57.1% |
| ROE | -24.8% | -24.8% | -18.7% | -6.6% | -3.7% | -2.1% | -1.1% | -0.2% | 24.0% | 1.8% | -147.2% | -66.2% | -86.5% |
| ROA | -20.1% | -19.4% | -14.5% | -5.5% | -2.5% | -0.9% | -0.3% | -0.1% | 9.9% | 0.9% | -64.5% | -18.0% | -37.2% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 68M | -82K | 24M | 52M | 75M | 113M | 236M | 273M | 256M | 246M | 125M | 15M | 15M |
| Free Cash Flow | 63M | -8.3M | -427K | 25M | 44M | 71M | 155M | 179M | 153M | 163M | 50M | -13M | -13M |
| Owner Earnings | 25M | -46M | -27M | -609K | 6.3M | 24M | 120M | 115M | 58M | 7.4M | -253M | -301M | -301M |
| CapEx | 5.1M | 8.3M | 25M | 26M | 31M | 42M | 81M | 94M | 103M | 83M | 75M | 28M | 28M |
| Maint. CapEx | 6.2M | 6.8M | 9.9M | 14M | 17M | 24M | 33M | 50M | 64M | 105M | 293M | 285M | 285M |
| Growth CapEx | 0 | 1.5M | 15M | 12M | 14M | 18M | 49M | 45M | 39M | 0 | 0 | 0 | 0 |
| D&A | 6.2M | 6.8M | 9.9M | 14M | 17M | 24M | 33M | 50M | 64M | 105M | 293M | 285M | 285M |
| CapEx/OCF | 7.4% | N/A | 99.0% | 50.7% | 41.6% | 37.3% | 34.4% | 34.5% | 40.3% | 33.7% | 59.9% | N/A | 181.6% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 604K | 1.2M | 0 | 0 | 20M | 20M | 0 | 300M | 324M | 335M | 2.6M | 0 | 0 |
| Buyback Yield | 0.1% | 0.4% | N/A | N/A | 0.6% | 0.4% | N/A | 7.0% | 6.4% | 27.9% | 1.6% | 0.0% | 0.0% |
| Stock-Based Comp | 37M | 39M | 42M | 38M | 52M | 65M | 84M | 109M | 133M | 134M | 85M | 32M | 32M |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 304M | 301M | 401M | 506M | 97M | 425M | 425M |
| Balance Sheet | |||||||||||||
| Net Debt | N/A | N/A | N/A | -208M | -184M | 152M | 387M | 151M | 152M | -69M | -164M | 429K | 42M |
| Cash & Equiv. | 56M | 67M | 77M | 126M | 375M | 388M | 480M | 854M | 474M | 136M | 161M | 31M | 31M |
| Long-Term Debt | N/A | N/A | N/A | 0 | 284M | 900M | 1.5B | 1.7B | 1.2B | 243M | 127M | 0 | N/A |
| Debt/Equity | 0.29 | 0.26 | 0.31 | 0.00 | 0.69 | 1.84 | 2.51 | 1.53 | 1.08 | 0.28 | 0.78 | 0.61 | 0.61 |
| Interest Coverage | -205.5 | -577.0 | -234.3 | -94.8 | -0.2 | N/A | 0.9 | 11.3 | N/A | -17.9 | -284.6 | -198.1 | -198.1 |
| Equity | 247M | 231M | 222M | 391M | 411M | 499M | 610M | 1.1B | 1.1B | 945M | 193M | 120M | 120M |
| Total Assets | 318M | 291M | 291M | 447M | 761M | 1.5B | 2.3B | 2.9B | 2.5B | 1.7B | 869M | 278M | 278M |
| Total Liabilities | 71M | 60M | 69M | 56M | 350M | 990M | 1.6B | 1.8B | 1.3B | 783M | 676M | 158M | 158M |
| Intangibles | 14M | 8.9M | 21M | 21M | 26M | 35M | 51M | 41M | 78M | 52M | 10M | 6.0M | 6.0M |
| Retained Earnings | -270M | -329M | -371M | -392M | -407M | -416M | -423M | -337M | -71M | -52M | -889M | -993M | -993M |
| Working Capital | 44M | 77M | 47M | 177M | 435M | 736M | 1.1B | 1.5B | 1.0B | -104M | -91M | -19M | -19M |
| Current Assets | 111M | 133M | 111M | 229M | 495M | 807M | 1.2B | 1.6B | 1.1B | 415M | 438M | 122M | 122M |
| Current Liabilities | 67M | 56M | 64M | 52M | 60M | 71M | 110M | 114M | 139M | 518M | 528M | 141M | 141M |
| Per Share Data | |||||||||||||
| EPS | -0.78 | -0.68 | -0.47 | -0.20 | -0.13 | -0.08 | -0.05 | -0.01 | 1.34 | 0.18 | -8.10 | -0.96 | -0.96 |
| Owner EPS | 0.31 | -0.52 | -0.31 | -0.01 | 0.05 | 0.20 | 0.96 | 0.79 | 0.29 | 0.07 | -2.44 | -2.80 | -2.80 |
| Book Value | 2.98 | 2.65 | 2.47 | 3.86 | 3.59 | 4.15 | 4.90 | 7.59 | 5.61 | 9.19 | 1.87 | 1.11 | 1.11 |
| Cash Flow/Share | 0.82 | -0.00 | 0.27 | 0.51 | 0.66 | 0.94 | 1.90 | 1.87 | 1.29 | 2.39 | 1.21 | 0.14 | 1.68 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 83.0M | 87.1M | 89.9M | 101.4M | 114.5M | 120.1M | 124.4M | 145.8M | 199.0M | 102.8M | 103.3M | 107.7M | 107.7M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 18.9 | N/A | N/A | N/A | -1.0 |
| P/FCF | 9.2 | N/A | N/A | 65.8 | 73.1 | 64.6 | 73.6 | 23.9 | 32.9 | 7.2 | 3.2 | N/A | N/A |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | 265.1 | 207.4 | 56.6 | 49.2 | N/A | N/A | N/A | N/A |
| Price/Book | 2.4 | 2.6 | 3.1 | 4.3 | 7.8 | 9.2 | 18.7 | 3.9 | 4.5 | 1.3 | 0.8 | N/A | 0.9 |
| Price/Sales | 1.8 | 2.2 | 2.1 | 4.8 | 9.0 | 10.8 | 11.8 | 14.2 | 6.4 | 1.9 | 0.8 | N/A | 0.3 |
| FCF Yield | 10.9% | -1.4% | -0.1% | 1.5% | 1.4% | 1.5% | 1.4% | 4.2% | 3.0% | 13.6% | 30.8% | N/A | -12.2% |
| Market Cap | 582M | 607M | 680M | 1.7B | 3.2B | 4.6B | 11.4B | 4.3B | 5.0B | 1.2B | 163M | 0 | 104M |
| Avg. Price | 6.54 | 7.61 | 5.89 | 11.97 | 25.16 | 37.12 | 61.08 | 75.52 | 24.83 | 12.65 | 4.60 | 0.00 | 0.96 |
| Year-End Price | 7.01 | 6.97 | 7.57 | 16.49 | 28.00 | 38.24 | 91.71 | 29.39 | 25.26 | 11.41 | 1.58 | 0.00 | 0.96 |
CHEGG, INC passes 4 of 9 quality checks, suggesting mixed fundamentals.
On a free-cash-flow basis, the stock trades at 13.7x vs a median of 48.8x. The company's 5-year average gross margin is 68.0%. At current prices, the estimated annualized return to fair value is -5.6%.
CHEGG, INC (CHGG) has a debt-to-equity ratio of 0.61. This indicates moderate leverage.
CHEGG, INC (CHGG) reported earnings per share (EPS) of $-0.96 in its most recent fiscal year.
CHEGG, INC (CHGG) has a return on equity (ROE) of -66.2%. A negative ROE may indicate losses or negative equity.
CHEGG, INC (CHGG) has a 5-year average gross margin of 68.0%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 14 years of financial data for CHEGG, INC (CHGG), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
CHEGG, INC (CHGG) has a book value per share of $1.11, based on its most recent annual SEC filing.