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Investment Highlights Market Valuation Price Chart Business Description Interactive Breakdown Latest Trefis Analyses Better Bets vs. CHGG Recent Active Movers More From Trefis Peer Financials Peer Growth & Margins Peer Valuation Peer Returns Peer Analyses FDIC Bank Data Financials Segment Financials Price Behavior Short Interest Earnings Returns History SEC Filings Insider Activity Industry Resource Links External Quote Links

Chegg (CHGG)

Market Price (9/17/2025): $1.5 | Market Cap: $160.4 Mil
Sector: Consumer Discretionary | Industry: Education Services

Chegg (CHGG)

Market Price (9/17/2025): $1.5
Market Cap: $160.4 Mil
Sector: Consumer Discretionary
Industry: Education Services

Investment Highlights

0 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 15%		 Weak multi-year price returns
2Y Excs Rtn is -133%, 3Y Excs Rtn is -156%		 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -117 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -23%
1 Attractive yield
FCF Yield is 20%		  Stock price has recently run up significantly
6M Rtn6 month market price return is 101%
2   Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -26%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -13%, Rev Chg QQuarterly Revenue Change % is -36%
3   Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -174%
4   High stock price volatility
Vol 12M is 106%
0 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 15%
1 Attractive yield
FCF Yield is 20%
2 Weak multi-year price returns
2Y Excs Rtn is -133%, 3Y Excs Rtn is -156%
3 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -117 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -23%
4 Stock price has recently run up significantly
6M Rtn6 month market price return is 101%
5 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -26%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -13%, Rev Chg QQuarterly Revenue Change % is -36%
6 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -174%
7 High stock price volatility
Vol 12M is 106%

Market Valuation

 9/17/252024202320222021
Share Price CYE$1.50$1.61$11.36$25.27$30.70
Market Cap CYE ($ Mil)160.4168.31,238.43,177.24,381.6
Total Debt ($ Mil)84.8504.5617.91,202.01,697.3
Total Cash ($ Mil)85.6315.7330.01,057.71,545.9
Enterprise Value ($ Mil)159.6672.81,856.34,379.26,078.9
Valuation Ratios     
P/S TTM0.30.31.94.25.6
P/EBIT TTM-0.6-0.224.529.3343.2
P/E TTM-0.6-0.272.812.1-2974.4
Sector Ratios     
P/S TTM (Sector)0.80.80.90.81.3
P/EBIT TTM (Sector)7.26.97.05.57.4
P/E TTM (Sector)9.78.18.97.39.2
 9/17/2520242023
Share Price CYE$1.50$1.61$11.36
Market Cap CYE ($ Mil)160.4168.31,238.4
Total Debt ($ Mil)84.8504.5617.9
Total Cash ($ Mil)85.6315.7330.0
Enterprise Value ($ Mil)159.6672.81,856.3
Valuation Ratios   
P/S TTM0.30.31.9
P/EBIT TTM-0.6-0.224.5
P/E TTM-0.6-0.272.8
Sector Ratios   
P/S TTM (Sector)0.80.80.9
P/EBIT TTM (Sector)7.26.97.0
P/E TTM (Sector)9.78.18.9

Market Cap Chart

Business Description

Chegg, Inc. operates direct-to-student learning platform that supports students starting with their academic journey and extending into their careers with products and services to support and help them better understand their academic course materials. The company offers Chegg Services, which include subscription services; and required materials that comprise its print textbooks and eTextbooks. Show more

Price Returns Compared

Expand for Detailed View

 202020212022202320242025Total [1]
Returns
CHGG Return138%-66%-18%-55%-86%-7%-96%
Peers Return-3%48%-11%86%24%1%198%
S&P 500 Return16%27%-19%24%23%12%104%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: LRN, COCO, MATW, GDEN, DUOL. See CHGG Returns vs. Peers.
[3] 2025 data is for the year up to 9/16/2025 (YTD)

Better Bets than Chegg (CHGG)

 CHGGBetter Performance than CHGG
MetricValueIndustry (Education Services)
Rev Chg LTM-25.9%DUOL (39.5%), LRN (17.9%), LOPE (6.5%), GHC (4.7%), ATGE (12.9%)
Rev Chg 3Y Avg-12.7%DUOL (42.5%), LRN (12.6%), LOPE (5.8%), GHC (11.3%), ATGE (8.9%)
Op Mgn LTM-23.2%DUOL (9.5%), LRN (17.4%), LOPE (27.2%), GHC (6.2%), ATGE (19.3%)
CFO/Rev LTM15.3%DUOL (38.0%), LRN (18.0%), LOPE (27.9%), ATGE (18.9%), LAUR (16.8%)
FCF/Rev LTM6.4%DUOL (36.3%), LRN (15.5%), LOPE (24.4%), GHC (8.7%), ATGE (16.1%)
Total Yield-169.6%DUOL (0.9%), LRN (4.8%), LOPE (4.1%), GHC (14.1%), ATGE (4.9%)
 CHGGBetter Performance than CHGG
MetricValueAll Other Sectors
Rev Chg LTM-25.9%NVDA (71.6%), MSFT (14.9%), AAPL (6.0%), GOOGL (13.1%), META (19.4%)
Rev Chg 3Y Avg-12.7%NVDA (92.0%), MSFT (12.5%), AAPL (1.8%), GOOGL (10.2%), META (13.0%)
Op Mgn LTM-23.2%NVDA (58.1%), MSFT (45.6%), AAPL (31.9%), GOOGL (32.7%), META (42.9%)
CFO/Rev LTM15.3%NVDA (46.6%), MSFT (48.3%), AAPL (26.6%), GOOGL (36.0%), META (56.4%)
FCF/Rev LTM6.4%NVDA (43.6%), MSFT (25.4%), AAPL (23.5%), GOOGL (18.0%), META (30.7%)
Total Yield-169.6%NVDA (2.1%), MSFT (3.3%), AAPL (3.2%), GOOGL (4.1%), META (3.6%)

Latest Trefis Analyses

TitleTopic
0DASHBOARDS 
1Chegg Market PriceMarket Price
2Chegg (CHGG) Stock: 35% of days in last 3 months had 1% or greater fluctuation 
3Chegg vs. S&P500 CorrelationCorrelation
4Chegg Price VolatilityVolatility
5Day 7 of Loss Streak for Chegg Stock with -26% Return (vs. -75% YTD) [6/17/2024]Notification
6Day 6 of Loss Streak for Chegg Stock with -23% Return (vs. -74% YTD) [6/14/2024]Notification
7Better Bet Than CHGG Stock: Pay Less Than Chegg To Get More From Stocks HZNP, ACMR, KLIC, CCS, CLF Better Bets
8Better Bet Than CHGG Stock: Pay Less Than Chegg To Get More From S&P 500 Stocks RTX, HOLX, WRK Better Bets
9Better Bet Than CHGG Stock: Pay Less Than Chegg To Get More From Sector Peers TSLA, CZR Better Bets
10Better Bet Than CHGG Stock: Pay Less Than Chegg To Get More From S&P 500 Stocks AMD, RTX, HOLX, WRK Better Bets

Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1BDSXBiodesix1313.2%-78.6%
2CLSDClearside Biomedical954.0%-74.9%
3SDOTSadot624.1%-79.4%
4WLDSWearable Devices498.0%-30.0%
5CHEKCheck-Cap285.6%154.6%
6ATCHAtlasClear275.9%-91.0%
7HSDTHelius Medical Technologies262.5%-95.6%
8OPIOffice Properties Income Trust261.7%-13.4%
9FGIFGI Industries156.8%145.2%
10AIREReAlpha Tech154.0%-56.1%

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1NAKAKindly MD-81.4% 
2ATYRaTyr Pharma-79.7%-70.2%
3LGCLLucas GC-73.6%-77.1%
4EPSMEpsium Enterprise-70.1% 
5BNGOBionano Genomics-59.4%-89.7%
6FAASDigiAsia-58.5%-87.2%
7QMMMQMMM-57.5%6775.0%
8VCIGVCI Global-56.9%-99.1%
9YYGHYY-56.6%-78.5%
10XAGELongevity Health-55.5%-86.1%

1 Month Top Gainers

#TickerCompany1M RtnYTD Rtn
1PMIPicard Medical11963.5%11963.5%
2GIBOGIBO9734.4% 
3CHSNChanson International7565.0%-99.3%
4LNZALanzaTech Global7287.5%-86.0%
5QMMMQMMM3031.7%6775.0%
6OESXOrion Energy Systems1497.9%22.9%
7CURXCuranex Pharmaceuticals1401.6%1401.6%
8ENTOEntero Therapeutics565.6%117.6%
9PTNMPitanium553.2% 
10WLDSWearable Devices449.5%-30.0%

1 Month Top Losers

#TickerCompany1M RtnYTD Rtn
1CJETChijet Motor-92.2%-95.0%
2STFSStar Fashion Culture-92.2%-97.8%
3ELPWElong Power-91.6%-76.7%
4NXTTNext Technology-89.6%-95.1%
5NAKAKindly MD-89.0% 
6BINIBollinger Innovations-88.9%-100.0%
7JEM707 Cayman-88.4%-98.2%
8YAASYouxin Technology-82.5%-98.3%
9NEONNeonode-82.0%-50.2%
10NVNOenVVeno Medical-81.5%-69.8%

Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1BDSXBiodesix1313.2%-78.6%
2CLSDClearside Biomedical954.0%-74.9%
3SDOTSadot624.1%-79.4%
4WLDSWearable Devices498.0%-30.0%
5CHEKCheck-Cap285.6%154.6%
6ATCHAtlasClear275.9%-91.0%
7HSDTHelius Medical Technologies262.5%-95.6%
8OPIOffice Properties Income Trust261.7%-13.4%
9FGIFGI Industries156.8%145.2%
10AIREReAlpha Tech154.0%-56.1%

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1NAKAKindly MD-81.4% 
2ATYRaTyr Pharma-79.7%-70.2%
3LGCLLucas GC-73.6%-77.1%
4EPSMEpsium Enterprise-70.1% 
5BNGOBionano Genomics-59.4%-89.7%
6FAASDigiAsia-58.5%-87.2%
7QMMMQMMM-57.5%6775.0%
8VCIGVCI Global-56.9%-99.1%
9YYGHYY-56.6%-78.5%
10XAGELongevity Health-55.5%-86.1%

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons for Chegg

Financials

CHGGLRNCOCOMATWGDENDUOLMedian
NameChegg Stride Vita CocoMatthews.Golden E.Duolingo  
Mkt Price1.50139.3139.9825.5824.39280.7432.78
Mkt Cap0.26.02.30.80.612.81.5
Rev LTM5072,4055601,626650885768
Op Inc LTM-11742069-3448457
FCF LTM3237326-365032141
FCF 3Y Avg942426084220377
CFO LTM774332829133684
CFO 3Y Avg1683056256106219137

Growth & Margins

CHGGLRNCOCOMATWGDENDUOLMedian
NameChegg Stride Vita CocoMatthews.Golden E.Duolingo  
Rev Chg LTM-25.9%17.9%12.0%-11.1%-21.7%39.5%0.4%
Rev Chg 3Y Avg-12.7%12.6%10.6%-2.1%-16.1%42.5%4.3%
Rev Chg Q-35.6%22.4%17.1%-18.3%-2.2%41.5%7.4%
QoQ Delta Rev Chg LTM-10.3%5.2%4.6%-4.6%-0.6%9.1%2.0%
Op Mgn LTM-23.2%17.4%12.4%-0.2%6.8%9.5%8.1%
Op Mgn 3Y Avg-11.2%12.9%11.6%2.4%9.0%1.1%5.7%
QoQ Delta Op Mgn LTM-8.2%1.0%-1.5%0.7%-0.3%0.9%0.2%
CFO/Rev LTM15.3%18.0%5.0%0.1%14.0%38.0%14.6%
CFO/Rev 3Y Avg24.9%14.2%12.3%3.0%12.1%31.4%13.3%
FCF/Rev LTM6.4%15.5%4.7%-2.2%7.6%36.3%7.0%
FCF/Rev 3Y Avg13.7%11.2%12.1%0.3%4.8%29.0%11.7%

Valuation

CHGGLRNCOCOMATWGDENDUOLMedian
NameChegg Stride Vita CocoMatthews.Golden E.Duolingo  
Mkt Cap0.26.02.30.80.612.81.5
P/S0.32.54.10.51.014.51.7
P/EBIT-0.615.331.722.815.5151.719.1
P/E-0.620.935.3-12.242.0109.328.1
P/CFO2.113.980.4384.87.038.126.0
Total Yield-169.6%4.8%2.8%-4.2%6.6%0.9%1.9%
Dividend Yield0.0%0.0%0.0%4.0%4.3%0.0%0.0%
FCF Yield 3Y Avg22.2%7.3%3.7%-0.1%4.2%1.8%4.0%
D/E0.50.10.00.90.80.00.3
Net D/E-0.0-0.1-0.10.90.7-0.1-0.0

Returns

CHGGLRNCOCOMATWGDENDUOLMedian
NameChegg Stride Vita CocoMatthews.Golden E.Duolingo  
1M Rtn22.0%-13.0%20.9%7.6%-2.0%-14.1%2.8%
3M Rtn2.7%-3.6%15.6%22.5%-12.0%-41.1%-0.4%
6M Rtn100.9%15.9%15.5%15.2%-8.7%-2.8%15.3%
12M Rtn-17.1%68.0%45.5%10.9%-21.8%20.0%15.4%
3Y Rtn-92.9%247.3%201.5%15.5%-29.9%182.7%99.1%
1M Excs Rtn19.5%-15.5%18.5%5.2%-4.4%-16.6%0.4%
3M Excs Rtn-8.2%-12.6%10.3%8.0%-20.2%-50.4%-10.4%
6M Excs Rtn78.4%-2.2%-3.0%-2.0%-25.4%-21.0%-2.6%
12M Excs Rtn-37.0%54.3%30.8%-4.2%-39.2%4.5%0.2%
3Y Excs Rtn-155.9%192.9%90.3%-50.6%-95.9%119.6%19.8%

Financials

$ Mil | FY: 12/312025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q32023Q22023Q12022Q42022Q3
Period End6/30/20253/31/202512/31/20249/30/20246/30/20243/31/202412/31/20239/30/20236/30/20233/31/202312/31/20229/30/2022
Filing Date8/8/20255/12/20252/24/202511/12/20248/5/20244/29/20242/20/202410/30/20238/7/20235/1/20232/21/202311/1/2022
Key Financials Quarterly            
Total Revenue105121143137163174188158183188205165
Ebitda-181618-195-458283940723329110
Operating Income-36-27-27-27-3-213-54-19-48-11
Net Income-36-17-6-213-617-110-182522252
EPS-0.33-0.17-0.06-2.05-6.01-0.010.09-0.160.210.020.011.99
Key Financials TTM            
Total Revenue TTM507565618662683703716734740752767769
Ebitda TTM-179-619-607-586-351179184174244201202219
Operating Income TTM-117-84-60-19-47-62-64-70-27-1927
Net Income TTM-272-853-837-821-627151810280263267289
Growth Rates Quarterly            
Total Revenue Growth-35.6%-30.4%-23.7%-13.5%-10.8%-7.1%-8.4%-4.2%-6.1%-7.2%-1.1%-4.2%
EBITDA Growth96.0%-42.5%-54.3%-593.5%-737.3%-15.7%34.4%-64.0%145.6%-0.6%-36.9%221.6%
Operating Income Growth-948.8%-984.0%-305.6%51.0%81.4%44.0%73.2%-374.6%-354.6%-182.7%-70.7%-3267.6%
Net Income Growth94.2%-1131.3%-163.4%-1063.0%-2606.4%-165.0%420.2%-107.3%229.2%-61.9%-92.4%3682.3%
Margins Quarterly            
EBITDA Margin-17.3%13.3%12.5%-142.9%-280.8%16.0%20.9%25.0%39.3%17.7%14.2%66.7%
Operating Income Margin-34.7%-22.2%-19.0%-19.5%-2.1%-1.4%7.1%-34.4%-10.2%-2.4%3.7%-6.9%
Net Income Margin-33.9%-14.4%-4.3%-155.7%-378.1%-0.8%5.1%-11.6%13.5%1.2%0.9%152.7%
Cash & Debt            
Total Cash86883163613453913302613855591,058941
Total Debt85855046256176176186197881,2131,2021,200
Net Debt / (Cash)-1-4189264271226288358403654144259
Cash Flows Quarterly            
FCF from Operations-52518401453773363737438
Cash Flows TTM            
FCF from Operations TTM7796125185178226246243248249256247
Returns to Shareholders Quarterly            
Dividends000000000000
Share Repurchases-0-03-0-0-0148-035151-023
Return on Invested Capital (ROIC) Quarterly            
ROIC-13.3%-9.9%-8.6%-7.9%-1.1%-0.8%2.3%-14.9%-2.8%-0.4%2.0%-3.3%
Return on Invested Capital (ROIC) TTM            
ROIC TTM-10.7%-7.7%-4.7%-1.4%-3.6%-1.4%-1.8%-1.4%-1.8%-0.1%0.7%2.0%

Segment Financials

Revenue by Segment

$ Mil20242023202220212020
Subscription Services641672617  
Skills and Other7695159  
Chegg Services   521332
Required Materials   12379
Total716767776644411


Price Behavior

CHGG Betas & Captures as of 8/31/2025

 1M2M3M6M1Y3Y
Beta3.032.794.021.341.261.16
Up Beta2.410.133.270.330.530.76
Down Beta1.840.904.151.931.891.58
Up Capture408%463%540%330%135%33%
Bmk +ve Days10223571142415
Stock +ve Days11182861110338
Down Capture276%478%340%158%138%108%
Bmk -ve Days11192754106334
Stock -ve Days9223363130395

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Short Interest

Short Interest: As Of Date8292025
Short Interest: Shares Quantity5,890,336
Short Interest: % Change Since 81520253.3%
Average Daily Volume2,191,080
Days-to-Cover Short Interest2.69
Basic Shares Quantity106,908,000
Short % of Basic Shares5.5%

Returns Analyses

Earnings Returns History

Expand for More

 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/5/2025-14.0%-14.0%29.5%
5/12/20257.5%29.9%126.1%
2/24/2025-31.4%-33.3%-60.2%
11/12/2024-10.7%-5.1%26.6%
8/5/2024-22.2%-30.0%-29.0%
4/29/2024-27.9%-28.0%-48.8%
2/5/2024-6.1%-5.1%-14.5%
10/30/2023-15.1%-9.6%15.0%
...
SUMMARY STATS   
# Positive10910
# Negative141514
Median Positive8.3%11.6%28.0%
Median Negative-16.1%-15.9%-21.0%
Max Positive32.3%39.7%126.1%
Max Negative-48.8%-51.0%-60.2%

SEC Filings

Expand for More

Report DateFiling DateFiling
6302025808202510-Q 6/30/2025
3312025512202510-Q 3/31/2025
12312024224202510-K 12/31/2024
93020241112202410-Q 9/30/2024
6302024805202410-Q 6/30/2024
3312024429202410-Q 3/31/2024
12312023220202410-K 12/31/2023
93020231030202310-Q 9/30/2023
6302023807202310-Q 6/30/2023
3312023501202310-Q 3/31/2023
12312022221202310-K 12/31/2022
93020221101202210-Q 9/30/2022
6302022804202210-Q 6/30/2022
3312022502202210-Q 3/31/2022
12312021222202210-K 12/31/2021
93020211101202110-Q 9/30/2021

Insider Activity

Expand for More

 OwnerTitleFiling DateActionPriceSharesTransacted
Value		Value of
Held Shares		Form
0BUDIG RENEE VARNI 6102025Sell1.4127,97339,554121,239Form

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