Chegg, Inc. (CHGG) 10-Year Financial Performance & Capital Metrics

CHGG • • Industrial / General

Consumer DefensiveEducation & TrainingOnline Learning PlatformsEducational Technology & Content

AboutChegg, 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. Its subscription services include Chegg Study, which helps students master challenging concepts on their own; Chegg Writing that provides students with a suite of tools, such as plagiarism detection scans, grammar and writing fluency checking, expert personalized writing feedback, and premium citation generation; Chegg Math, a step-by-step math problem solver and calculator that helps students to solve problems; Chegg Study Pack, a bundle of various Chegg Services product offerings, including Chegg Study, Chegg Writing, and Chegg Math Solver services, which creates an integrated platform of connected academic support services; Busuu, an online language learning solution that offers a comprehensive solution through a combination of self-paced lessons, live classes with expert tutors, and the ability to learn and practice with members of the Busuu language learning community; and Thinkful, a skills-based learning platform that offers professional courses along with networking, interviewing, and career services. The company also provides other services, such as Chegg Life, Chegg Prep, and Chegg Internships; provides personal and professional development skills training; and rents and sells print textbooks and eTextbooks. Chegg, Inc. was incorporated in 2005 and is headquartered in Santa Clara, California.Show more

Revenue $618M -13.8%
EBITDA -$659M -1162.6%
Net Income -$837M -4704.3%
EPS (Diluted) -8.10 -2282.4%
Gross Margin 70.7% +3.3%
EBITDA Margin -106.67% -1332.5%
Operating Margin -119.36% -1162.4%
Net Margin -135.54% -5440.3%
ROE -147.16% -8442.6%
ROIC -56.14% -1715.8%
Debt/Equity 2.61 +295.2%
Interest Coverage -284.60 -1485.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Share count reduced 19.7% through buybacks
✓Trading at only 0.5x book value

✗Weaknesses

✗High debt to equity ratio of 2.6x
✗Weak momentum: RS Rating 17 (bottom 17%)
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y7.32%

5Y8.49%

3Y-7.34%

TTM-32.37%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM90.66%

EPS CAGR

10Y-

5Y-

3Y-

TTM91.23%

ROCE

10Y Avg-13.89%

5Y Avg-18.46%

3Y Avg-32.88%

Latest-95.15%

Peer Comparison

Educational Technology & Content

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
LOPEGrand Canyon Education, Inc.	5.03B	180.00	23.29	7.5%	19.38%	27.88%	5.02%	0.14
DAOYoudao, Inc.	390.07M	12.47	17.81	5.89%	4.07%
VSTAVasta Platform Limited	79.21M	4.96	0.82	12.64%	28.1%	10.01%	59.55%	0.24
MYNDMynd.ai, Inc.	20.22M	0.44	-0.02	-35.35%	-35.81%	-124.42%		2.64
CHGGChegg, Inc.	96.16M	0.88	-0.11	-13.78%	-17.14%	-52.54%	52.26%	2.61
YQ17 Education & Technology Group Inc.	22.43M	3.44	-0.14	10.67%	-96.33%	-39.99%		0.03
JZJianzhi Education Technology Group Company Limited	7.63M	0.99	-0.59	-43.52%	-24.83%	-5.25%		0.29
SKILSkillsoft Corp.	86.45M	9.87	-0.66	-4.02%	-26.02%	-33.66%	13.42%	6.28

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	301.37M	254.09M	255.07M	321.08M	410.93M	644.34M	776.26M	766.9M	716.29M	617.57M
Revenue Growth %	-0.01%	-0.16%	0%	0.26%	0.28%	0.57%	0.2%	-0.01%	-0.07%	-0.14%
Cost of Goods Sold+	189.85M	119.6M	80.17M	80M	92.18M	205.42M	254.9M	197.4M	225.94M	180.93M
COGS % of Revenue	0.63%	0.47%	0.31%	0.25%	0.22%	0.32%	0.33%	0.26%	0.32%	0.29%
Gross Profit+	111.52M	134.49M	174.89M	241.09M	318.74M	438.92M	521.36M	569.5M	490.35M	436.65M
Gross Margin %	0.37%	0.53%	0.69%	0.75%	0.78%	0.68%	0.67%	0.74%	0.68%	0.71%
Gross Profit Growth %	0.19%	0.21%	0.3%	0.38%	0.32%	0.38%	0.19%	0.09%	-0.14%	-0.11%
Operating Expenses+	168.68M	175.65M	197.58M	246.72M	300.93M	382.17M	443.25M	560.54M	558.08M	1.17B
OpEx % of Revenue	0.56%	0.69%	0.77%	0.77%	0.73%	0.59%	0.57%	0.73%	0.78%	1.9%
Selling, General & Admin	109.29M	109.32M	115.65M	132.43M	161.16M	211.26M	264.43M	363.91M	362.77M	326.08M
SG&A % of Revenue	0.36%	0.43%	0.45%	0.41%	0.39%	0.33%	0.34%	0.47%	0.51%	0.53%
Research & Development	59.39M	66.33M	81.93M	114.29M	139.77M	170.91M	178.82M	196.64M	191.71M	170.43M
R&D % of Revenue	0.2%	0.26%	0.32%	0.36%	0.34%	0.27%	0.23%	0.26%	0.27%	0.28%
Other Operating Expenses	216K	-297K	560K	0	0	0	0	0	3.6M	677.24M
Operating Income+	-57.7M	-40.07M	-18.97M	-6.22M	17.82M	56.75M	78.11M	8.96M	-67.72M	-737.11M
Operating Margin %	-0.19%	-0.16%	-0.07%	-0.02%	0.04%	0.09%	0.1%	0.01%	-0.09%	-1.19%
Operating Income Growth %	0.11%	0.31%	0.53%	0.67%	3.86%	2.19%	0.38%	-0.89%	-8.56%	-9.88%
EBITDA+	-2.64M	-16.28M	370K	17.08M	48.06M	119.17M	152.24M	100.56M	61.99M	-658.76M
EBITDA Margin %	-0.01%	-0.06%	0%	0.05%	0.12%	0.18%	0.2%	0.13%	0.09%	-1.07%
EBITDA Growth %	-1.16%	-5.18%	1.02%	45.16%	1.81%	1.48%	0.28%	-0.34%	-0.38%	-11.63%
D&A (Non-Cash Add-back)	55.06M	23.79M	19.34M	23.3M	30.25M	62.41M	74.13M	91.61M	129.72M	78.34M
EBIT	-57.48M	-40.37M	-18.41M	-2.23M	37.88M	65.44M	12.63M	109.99M	54.09M	-685.78M
Net Interest Income+	-247K	-171K	-74K	-11.22M	-44.85M	-66.3M	-196K	6.39M	33.64M	25.46M
Interest Income	0	0	0	0	0	0	6.7M	12.43M	37.41M	28.05M
Interest Expense	247K	171K	74K	11.22M	44.85M	66.3M	6.9M	6.04M	3.77M	2.59M
Other Income/Expense	-31K	-468K	486K	-7.24M	-24.79M	-57.61M	-72.37M	94.99M	118.04M	48.74M
Pretax Income+	-57.73M	-40.54M	-18.48M	-13.46M	-6.97M	-861K	5.74M	103.95M	50.31M	-688.37M
Pretax Margin %	-0.19%	-0.16%	-0.07%	-0.04%	-0.02%	-0%	0.01%	0.14%	0.07%	-1.11%
Income Tax+	1.48M	1.71M	1.8M	1.43M	2.63M	5.36M	7.2M	-162.69M	32.13M	148.7M
Effective Tax Rate %	1.03%	1.04%	1.1%	1.11%	1.38%	7.23%	-0.25%	2.57%	0.36%	1.22%
Net Income+	-59.21M	-42.24M	-20.28M	-14.89M	-9.61M	-6.22M	-1.46M	266.64M	18.18M	-837.07M
Net Margin %	-0.2%	-0.17%	-0.08%	-0.05%	-0.02%	-0.01%	-0%	0.35%	0.03%	-1.36%
Net Income Growth %	0.09%	0.29%	0.52%	0.27%	0.35%	0.35%	0.77%	183.88%	-0.93%	-47.04%
Net Income (Continuing)	-59.21M	-42.24M	-20.28M	-14.89M	-9.61M	-6.22M	-1.46M	266.64M	18.18M	-837.07M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.68	-0.47	-0.20	-0.13	-0.08	-0.05	-0.01	1.78	-0.34	-8.10
EPS Growth %	0.13%	0.31%	0.57%	0.35%	0.38%	0.38%	0.79%	173.82%	-1.19%	-22.82%
EPS (Basic)	-0.68	-0.47	-0.20	-0.13	-0.08	-0.05	-0.01	2.09	-0.37	-8.10
Diluted Shares Outstanding	86.82M	90.53M	100.02M	113.25M	119.2M	125.37M	141.26M	149.86M	128.57M	103.3M
Basic Shares Outstanding	86.82M	90.53M	100.02M	113.25M	119.2M	125.37M	141.26M	127.56M	116.5M	103.3M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	132.84M	111.37M	228.94M	494.93M	807.27M	1.18B	1.62B	1.14B	414.83M	437.56M
Cash & Short-Term Investments	84.83M	77.33M	208.2M	468.01M	768.59M	1.15B	1.55B	1.06B	330.01M	315.72M
Cash Only	67.03M	77.33M	126.46M	374.66M	387.52M	479.85M	854.08M	473.68M	135.76M	161.47M
Short-Term Investments	17.8M	0	81.74M	93.34M	381.07M	665.57M	691.78M	583.97M	194.26M	154.25M
Accounts Receivable	13.16M	27.96M	10.86M	12.73M	11.53M	12.91M	17.85M	23.52M	31.4M	23.64M
Days Sales Outstanding	15.93	40.17	15.53	14.47	10.24	7.31	8.39	11.19	16	13.97
Inventory	3.12M	2.58M	2.04M	4.67M	10.54M	12.78M	0	0	0	0
Days Inventory Outstanding	5.99	7.87	9.3	21.32	41.73	22.7	-	-	-	-
Other Current Assets	31.73M	21.01M	7.84M	9.51M	16.61M	11.85M	23.85M	34.75M	32.44M	81.09M
Total Non-Current Assets+	158.52M	179.28M	217.99M	266.01M	681.73M	1.07B	1.3B	1.32B	1.31B	431.39M
Property, Plant & Equipment	49.7M	37.88M	47.49M	59.9M	103.29M	184.18M	199.24M	223.22M	208.2M	192.9M
Fixed Asset Turnover	6.06x	6.71x	5.37x	5.36x	3.98x	3.50x	3.90x	3.44x	3.44x	3.20x
Goodwill	91.3M	116.24M	125.27M	149.52M	214.51M	285.21M	289.76M	615.09M	632M	0
Intangible Assets	8.87M	20.75M	21.15M	25.91M	34.67M	51.25M	40.57M	78.33M	52.43M	10.35M
Long-Term Investments	4.23M	3M	20.3M	16.05M	310.48M	523.63M	745.99M	216.23M	249.55M	212.65M
Other Non-Current Assets	4.43M	4.41M	3.77M	14.62M	18.78M	24.03M	19.67M	20.61M	170.22M	14.53M
Total Assets+	291.36M	290.65M	446.93M	760.94M	1.49B	2.25B	2.92B	2.47B	1.73B	868.95M
Asset Turnover	1.03x	0.87x	0.57x	0.42x	0.28x	0.29x	0.27x	0.31x	0.41x	0.71x
Asset Growth %	-0.08%	-0%	0.54%	0.7%	0.96%	0.51%	0.3%	-0.16%	-0.3%	-0.5%
Total Current Liabilities+	56.11M	64.33M	51.56M	59.67M	71.39M	109.73M	114.34M	138.87M	518.46M	528.34M
Accounts Payable	5.86M	5.17M	7.05M	8.18M	7.36M	8.55M	11.99M	12.37M	28.18M	15.16M
Days Payables Outstanding	11.27	15.79	32.09	37.31	29.15	15.19	17.17	22.87	45.53	30.58
Short-Term Debt	0	0	0	0	0	0	0	0	357.08M	358.61M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0	1000K
Other Current Liabilities	4.54M	33.22M	15.53M	20.03M	15.98M	1.51M	1.39M	-7.49M	55.34M	0
Current Ratio	2.37x	1.73x	4.44x	8.29x	11.31x	10.78x	14.19x	8.24x	0.80x	0.83x
Quick Ratio	2.31x	1.69x	4.40x	8.22x	11.16x	10.66x	14.19x	8.24x	0.80x	0.83x
Cash Conversion Cycle	10.66	32.25	-7.26	-1.51	22.82	14.83	-	-	-	-
Total Non-Current Liabilities+	4.17M	4.38M	4.3M	290.63M	918.78M	1.53B	1.7B	1.21B	264.15M	147.63M
Long-Term Debt	0	0	0	283.67M	900.3M	1.51B	1.68B	1.19B	242.76M	127.34M
Capital Lease Obligations	0	0	0	0	14.51M	19.26M	12.45M	13.38M	18.06M	18.51M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	4.17M	4.38M	4.3M	6.96M	3.96M	5.71M	7.38M	7.99M	3.33M	1.78M
Total Liabilities	60.28M	68.71M	55.87M	350.3M	990.17M	1.64B	1.81B	1.35B	782.62M	675.97M
Total Debt+	0	0	0	283.67M	920.1M	1.53B	1.7B	1.21B	624.74M	504.46M
Net Debt	-67.03M	-77.33M	-126.46M	-91M	532.58M	1.05B	843.19M	735.78M	488.98M	342.98M
Debt / Equity	-	-	-	0.69x	1.84x	2.51x	1.53x	1.08x	0.66x	2.61x
Debt / EBITDA	-	-	-	16.61x	19.14x	12.86x	11.15x	12.03x	10.08x	-
Net Debt / EBITDA	-	-	-341.78x	-5.33x	11.08x	8.84x	5.54x	7.32x	7.89x	-
Interest Coverage	-233.60x	-234.33x	-256.31x	-0.55x	0.40x	0.86x	11.33x	1.48x	-17.95x	-284.60x
Total Equity+	231.07M	221.94M	391.06M	410.63M	498.83M	609.63M	1.11B	1.12B	944.62M	192.98M
Equity Growth %	-0.06%	-0.04%	0.76%	0.05%	0.21%	0.22%	0.82%	0.01%	-0.15%	-0.8%
Book Value per Share	2.66	2.45	3.91	3.63	4.18	4.86	7.84	7.45	7.35	1.87
Total Shareholders' Equity	231.07M	221.94M	391.06M	410.63M	498.83M	609.63M	1.11B	1.12B	944.62M	192.98M
Common Stock	88K	92K	110K	116K	122K	129K	137K	126K	103K	105K
Retained Earnings	-329.08M	-371.33M	-391.61M	-406.58M	-416.29M	-422.6M	-337.19M	-70.55M	-52.37M	-889.44M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-172K	-176K	-282K	-1.02M	-1.1M	1.53M	-5.33M	-57.49M	-34.74M	-32.23M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-82K	24.94M	51.15M	75.11M	113.4M	236.44M	273.22M	255.74M	246.2M	125.2M
Operating CF Margin %	-0%	0.1%	0.2%	0.23%	0.28%	0.37%	0.35%	0.33%	0.34%	0.2%
Operating CF Growth %	-1%	305.12%	1.05%	0.47%	0.51%	1.08%	0.16%	-0.06%	-0.04%	-0.49%
Net Income	-59.21M	-42.24M	-20.28M	-14.89M	-9.61M	-6.22M	-1.46M	266.64M	18.18M	-837.07M
Depreciation & Amortization	55.06M	23.79M	19.34M	22.8M	30.25M	62.41M	74.13M	91.61M	129.72M	78.34M
Stock-Based Compensation	38.77M	41.78M	38.36M	52.03M	64.91M	84.06M	108.85M	133.46M	133.5M	84.61M
Deferred Taxes	1.86M	467K	-3.02M	-323K	-39K	-109K	-1.1M	-168.68M	26.57M	143.32M
Other Non-Cash Items	151K	105K	-626K	10.65M	48.18M	62.97M	97.92M	-72.8M	-61.08M	677.77M
Working Capital Changes	-36.72M	1.04M	17.38M	4.84M	-20.29M	33.34M	-5.12M	5.52M	-701K	-21.77M
Change in Receivables	712K	-127K	-175K	-1.54M	1.83M	-400K	-5M	-3.75M	-7.8M	7.77M
Change in Inventory	-23.58M	2.17M	16.3M	1.5M	0	19.7M	0	0	0	0
Change in Payables	-4.24M	-728K	2.65M	893K	-2.4M	1.12M	3.24M	-4.14M	13.06M	-12.38M
Cash from Investing+	8.27M	-5.96M	-136.23M	-82.55M	-703.42M	-732.79M	-365.77M	104.89M	268.67M	11.35M
Capital Expenditures	-8.25M	-24.69M	-26.14M	-31.22M	-42.33M	-81.32M	-94.18M	-103.09M	-83.05M	-74.95M
CapEx % of Revenue	0.03%	0.1%	0.1%	0.1%	0.1%	0.13%	0.12%	0.13%	0.12%	0.12%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	5.96M	24.76M	6.94M	-16.68M	0	-51M	-2.22M	2.19M	9.79M	0
Cash from Financing+	2.72M	-8.68M	134.21M	256.42M	603.51M	588.63M	466.72M	-744.8M	-852.77M	-109.14M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-8.71M	-10.78M	-13.39M	-10.11M	-156.67M	-10.82M	-23.98M	-20.07M	-11.98M	-10.05M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-8.34M	249K	25.01M	43.89M	71.08M	155.13M	179.04M	152.64M	163.15M	50.25M
FCF Margin %	-0.03%	0%	0.1%	0.14%	0.17%	0.24%	0.23%	0.2%	0.23%	0.08%
FCF Growth %	-1.13%	1.03%	99.43%	0.76%	0.62%	1.18%	0.15%	-0.15%	0.07%	-0.69%
FCF per Share	-0.10	0.00	0.25	0.39	0.60	1.24	1.27	1.02	1.27	0.49
FCF Conversion (FCF/Net Income)	0.00x	-0.59x	-2.52x	-5.05x	-11.81x	-38.01x	-187.40x	0.96x	13.54x	-0.15x
Interest Paid	95K	50K	85K	605K	1.33M	1.77M	1.05M	875K	741K	449K
Taxes Paid	827K	1.09M	1.79M	2.1M	2.07M	3.44M	7.39M	6.84M	11.07M	8.09M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-24.77%	-18.65%	-6.62%	-3.71%	-2.11%	-1.12%	-0.17%	23.98%	1.76%	-147.16%
Return on Invested Capital (ROIC)	-24.38%	-19.47%	-6.95%	-1.6%	1.98%	3.16%	3.24%	0.35%	-3.09%	-56.14%
Gross Margin	37.01%	52.93%	68.57%	75.09%	77.57%	68.12%	67.16%	74.26%	68.46%	70.7%
Net Margin	-19.65%	-16.63%	-7.95%	-4.64%	-2.34%	-0.97%	-0.19%	34.77%	2.54%	-135.54%
Debt / Equity	-	-	-	0.69x	1.84x	2.51x	1.53x	1.08x	0.66x	2.61x
Interest Coverage	-233.60x	-234.33x	-256.31x	-0.55x	0.40x	0.86x	11.33x	1.48x	-17.95x	-284.60x
FCF Conversion	0.00x	-0.59x	-2.52x	-5.05x	-11.81x	-38.01x	-187.40x	0.96x	13.54x	-0.15x
Revenue Growth	-1.14%	-15.69%	0.38%	25.88%	27.98%	56.8%	20.47%	-1.21%	-6.6%	-13.78%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Subscription Services	-	-	-	-	-	-	-	671.97M	640.52M	549.21M
Subscription Services Growth	-	-	-	-	-	-	-	-	-4.68%	-14.26%
Chegg Services	94.28M	129.34M	185.68M	-	78.24M	189.01M	669.89M	-	-	-
Chegg Services Growth	-	37.17%	43.57%	-	-	141.59%	254.43%	-	-	-
Required Materials	207.09M	124.75M	69.38M	-	11.61M	44.41M	106.37M	-	-	-
Required Materials Growth	-	-39.76%	-44.38%	-	-	282.60%	139.55%	-	-	-
Service	-	-	-	321.08M	-	-	-	-	-	-
Service Growth	-	-	-	-	-	-	-	-	-	-
Sales Revenues	-	-	-	-	-	-	-	-	-	-
Sales Revenues Growth	-	-	-	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	-	-	-	-	-	-	690M	651.47M	616.36M	537.61M
UNITED STATES Growth	-	-	-	-	-	-	-	-5.58%	-5.39%	-12.78%
Non-US	-	-	-	-	-	-	86.3M	115.43M	99.94M	79.97M
Non-US Growth	-	-	-	-	-	-	-	33.75%	-13.42%	-19.98%

Frequently Asked Questions

Growth & Financials

Chegg, Inc. (CHGG) reported $447.7M in revenue for fiscal year 2024. This represents a 160% increase from $172.0M in 2011.

Chegg, Inc. (CHGG) saw revenue decline by 13.8% over the past year.

Chegg, Inc. (CHGG) reported a net loss of $76.7M for fiscal year 2024.

Dividend & Returns

Chegg, Inc. (CHGG) has a return on equity (ROE) of -147.2%. Negative ROE indicates the company is unprofitable.

Chegg, Inc. (CHGG) generated $7.7M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

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Chegg, Inc. (CHGG) 10-Year Financial Performance & Capital Metrics

CHGG • • Industrial / General

Consumer DefensiveEducation & TrainingOnline Learning PlatformsEducational Technology & Content

Revenue $618M -13.8%
EBITDA -$659M -1162.6%
Net Income -$837M -4704.3%
EPS (Diluted) -8.10 -2282.4%
Gross Margin 70.7% +3.3%
EBITDA Margin -106.67% -1332.5%
Operating Margin -119.36% -1162.4%
Net Margin -135.54% -5440.3%
ROE -147.16% -8442.6%
ROIC -56.14% -1715.8%
Debt/Equity 2.61 +295.2%
Interest Coverage -284.60 -1485.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Share count reduced 19.7% through buybacks
✓Trading at only 0.5x book value

✗Weaknesses

✗High debt to equity ratio of 2.6x
✗Weak momentum: RS Rating 17 (bottom 17%)
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y7.32%

5Y8.49%

3Y-7.34%

TTM-32.37%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM90.66%

EPS CAGR

10Y-

5Y-

3Y-

TTM91.23%

ROCE

10Y Avg-13.89%

5Y Avg-18.46%

3Y Avg-32.88%

Latest-95.15%

Peer Comparison

Educational Technology & Content

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
LOPEGrand Canyon Education, Inc.	5.03B	180.00	23.29	7.5%	19.38%	27.88%	5.02%	0.14
DAOYoudao, Inc.	390.07M	12.47	17.81	5.89%	4.07%
VSTAVasta Platform Limited	79.21M	4.96	0.82	12.64%	28.1%	10.01%	59.55%	0.24
MYNDMynd.ai, Inc.	20.22M	0.44	-0.02	-35.35%	-35.81%	-124.42%		2.64
CHGGChegg, Inc.	96.16M	0.88	-0.11	-13.78%	-17.14%	-52.54%	52.26%	2.61
YQ17 Education & Technology Group Inc.	22.43M	3.44	-0.14	10.67%	-96.33%	-39.99%		0.03
JZJianzhi Education Technology Group Company Limited	7.63M	0.99	-0.59	-43.52%	-24.83%	-5.25%		0.29
SKILSkillsoft Corp.	86.45M	9.87	-0.66	-4.02%	-26.02%	-33.66%	13.42%	6.28

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	301.37M	254.09M	255.07M	321.08M	410.93M	644.34M	776.26M	766.9M	716.29M	617.57M
Revenue Growth %	-0.01%	-0.16%	0%	0.26%	0.28%	0.57%	0.2%	-0.01%	-0.07%	-0.14%
Cost of Goods Sold+	189.85M	119.6M	80.17M	80M	92.18M	205.42M	254.9M	197.4M	225.94M	180.93M
COGS % of Revenue	0.63%	0.47%	0.31%	0.25%	0.22%	0.32%	0.33%	0.26%	0.32%	0.29%
Gross Profit+	111.52M	134.49M	174.89M	241.09M	318.74M	438.92M	521.36M	569.5M	490.35M	436.65M
Gross Margin %	0.37%	0.53%	0.69%	0.75%	0.78%	0.68%	0.67%	0.74%	0.68%	0.71%
Gross Profit Growth %	0.19%	0.21%	0.3%	0.38%	0.32%	0.38%	0.19%	0.09%	-0.14%	-0.11%
Operating Expenses+	168.68M	175.65M	197.58M	246.72M	300.93M	382.17M	443.25M	560.54M	558.08M	1.17B
OpEx % of Revenue	0.56%	0.69%	0.77%	0.77%	0.73%	0.59%	0.57%	0.73%	0.78%	1.9%
Selling, General & Admin	109.29M	109.32M	115.65M	132.43M	161.16M	211.26M	264.43M	363.91M	362.77M	326.08M
SG&A % of Revenue	0.36%	0.43%	0.45%	0.41%	0.39%	0.33%	0.34%	0.47%	0.51%	0.53%
Research & Development	59.39M	66.33M	81.93M	114.29M	139.77M	170.91M	178.82M	196.64M	191.71M	170.43M
R&D % of Revenue	0.2%	0.26%	0.32%	0.36%	0.34%	0.27%	0.23%	0.26%	0.27%	0.28%
Other Operating Expenses	216K	-297K	560K	0	0	0	0	0	3.6M	677.24M
Operating Income+	-57.7M	-40.07M	-18.97M	-6.22M	17.82M	56.75M	78.11M	8.96M	-67.72M	-737.11M
Operating Margin %	-0.19%	-0.16%	-0.07%	-0.02%	0.04%	0.09%	0.1%	0.01%	-0.09%	-1.19%
Operating Income Growth %	0.11%	0.31%	0.53%	0.67%	3.86%	2.19%	0.38%	-0.89%	-8.56%	-9.88%
EBITDA+	-2.64M	-16.28M	370K	17.08M	48.06M	119.17M	152.24M	100.56M	61.99M	-658.76M
EBITDA Margin %	-0.01%	-0.06%	0%	0.05%	0.12%	0.18%	0.2%	0.13%	0.09%	-1.07%
EBITDA Growth %	-1.16%	-5.18%	1.02%	45.16%	1.81%	1.48%	0.28%	-0.34%	-0.38%	-11.63%
D&A (Non-Cash Add-back)	55.06M	23.79M	19.34M	23.3M	30.25M	62.41M	74.13M	91.61M	129.72M	78.34M
EBIT	-57.48M	-40.37M	-18.41M	-2.23M	37.88M	65.44M	12.63M	109.99M	54.09M	-685.78M
Net Interest Income+	-247K	-171K	-74K	-11.22M	-44.85M	-66.3M	-196K	6.39M	33.64M	25.46M
Interest Income	0	0	0	0	0	0	6.7M	12.43M	37.41M	28.05M
Interest Expense	247K	171K	74K	11.22M	44.85M	66.3M	6.9M	6.04M	3.77M	2.59M
Other Income/Expense	-31K	-468K	486K	-7.24M	-24.79M	-57.61M	-72.37M	94.99M	118.04M	48.74M
Pretax Income+	-57.73M	-40.54M	-18.48M	-13.46M	-6.97M	-861K	5.74M	103.95M	50.31M	-688.37M
Pretax Margin %	-0.19%	-0.16%	-0.07%	-0.04%	-0.02%	-0%	0.01%	0.14%	0.07%	-1.11%
Income Tax+	1.48M	1.71M	1.8M	1.43M	2.63M	5.36M	7.2M	-162.69M	32.13M	148.7M
Effective Tax Rate %	1.03%	1.04%	1.1%	1.11%	1.38%	7.23%	-0.25%	2.57%	0.36%	1.22%
Net Income+	-59.21M	-42.24M	-20.28M	-14.89M	-9.61M	-6.22M	-1.46M	266.64M	18.18M	-837.07M
Net Margin %	-0.2%	-0.17%	-0.08%	-0.05%	-0.02%	-0.01%	-0%	0.35%	0.03%	-1.36%
Net Income Growth %	0.09%	0.29%	0.52%	0.27%	0.35%	0.35%	0.77%	183.88%	-0.93%	-47.04%
Net Income (Continuing)	-59.21M	-42.24M	-20.28M	-14.89M	-9.61M	-6.22M	-1.46M	266.64M	18.18M	-837.07M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.68	-0.47	-0.20	-0.13	-0.08	-0.05	-0.01	1.78	-0.34	-8.10
EPS Growth %	0.13%	0.31%	0.57%	0.35%	0.38%	0.38%	0.79%	173.82%	-1.19%	-22.82%
EPS (Basic)	-0.68	-0.47	-0.20	-0.13	-0.08	-0.05	-0.01	2.09	-0.37	-8.10
Diluted Shares Outstanding	86.82M	90.53M	100.02M	113.25M	119.2M	125.37M	141.26M	149.86M	128.57M	103.3M
Basic Shares Outstanding	86.82M	90.53M	100.02M	113.25M	119.2M	125.37M	141.26M	127.56M	116.5M	103.3M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	132.84M	111.37M	228.94M	494.93M	807.27M	1.18B	1.62B	1.14B	414.83M	437.56M
Cash & Short-Term Investments	84.83M	77.33M	208.2M	468.01M	768.59M	1.15B	1.55B	1.06B	330.01M	315.72M
Cash Only	67.03M	77.33M	126.46M	374.66M	387.52M	479.85M	854.08M	473.68M	135.76M	161.47M
Short-Term Investments	17.8M	0	81.74M	93.34M	381.07M	665.57M	691.78M	583.97M	194.26M	154.25M
Accounts Receivable	13.16M	27.96M	10.86M	12.73M	11.53M	12.91M	17.85M	23.52M	31.4M	23.64M
Days Sales Outstanding	15.93	40.17	15.53	14.47	10.24	7.31	8.39	11.19	16	13.97
Inventory	3.12M	2.58M	2.04M	4.67M	10.54M	12.78M	0	0	0	0
Days Inventory Outstanding	5.99	7.87	9.3	21.32	41.73	22.7	-	-	-	-
Other Current Assets	31.73M	21.01M	7.84M	9.51M	16.61M	11.85M	23.85M	34.75M	32.44M	81.09M
Total Non-Current Assets+	158.52M	179.28M	217.99M	266.01M	681.73M	1.07B	1.3B	1.32B	1.31B	431.39M
Property, Plant & Equipment	49.7M	37.88M	47.49M	59.9M	103.29M	184.18M	199.24M	223.22M	208.2M	192.9M
Fixed Asset Turnover	6.06x	6.71x	5.37x	5.36x	3.98x	3.50x	3.90x	3.44x	3.44x	3.20x
Goodwill	91.3M	116.24M	125.27M	149.52M	214.51M	285.21M	289.76M	615.09M	632M	0
Intangible Assets	8.87M	20.75M	21.15M	25.91M	34.67M	51.25M	40.57M	78.33M	52.43M	10.35M
Long-Term Investments	4.23M	3M	20.3M	16.05M	310.48M	523.63M	745.99M	216.23M	249.55M	212.65M
Other Non-Current Assets	4.43M	4.41M	3.77M	14.62M	18.78M	24.03M	19.67M	20.61M	170.22M	14.53M
Total Assets+	291.36M	290.65M	446.93M	760.94M	1.49B	2.25B	2.92B	2.47B	1.73B	868.95M
Asset Turnover	1.03x	0.87x	0.57x	0.42x	0.28x	0.29x	0.27x	0.31x	0.41x	0.71x
Asset Growth %	-0.08%	-0%	0.54%	0.7%	0.96%	0.51%	0.3%	-0.16%	-0.3%	-0.5%
Total Current Liabilities+	56.11M	64.33M	51.56M	59.67M	71.39M	109.73M	114.34M	138.87M	518.46M	528.34M
Accounts Payable	5.86M	5.17M	7.05M	8.18M	7.36M	8.55M	11.99M	12.37M	28.18M	15.16M
Days Payables Outstanding	11.27	15.79	32.09	37.31	29.15	15.19	17.17	22.87	45.53	30.58
Short-Term Debt	0	0	0	0	0	0	0	0	357.08M	358.61M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0	1000K
Other Current Liabilities	4.54M	33.22M	15.53M	20.03M	15.98M	1.51M	1.39M	-7.49M	55.34M	0
Current Ratio	2.37x	1.73x	4.44x	8.29x	11.31x	10.78x	14.19x	8.24x	0.80x	0.83x
Quick Ratio	2.31x	1.69x	4.40x	8.22x	11.16x	10.66x	14.19x	8.24x	0.80x	0.83x
Cash Conversion Cycle	10.66	32.25	-7.26	-1.51	22.82	14.83	-	-	-	-
Total Non-Current Liabilities+	4.17M	4.38M	4.3M	290.63M	918.78M	1.53B	1.7B	1.21B	264.15M	147.63M
Long-Term Debt	0	0	0	283.67M	900.3M	1.51B	1.68B	1.19B	242.76M	127.34M
Capital Lease Obligations	0	0	0	0	14.51M	19.26M	12.45M	13.38M	18.06M	18.51M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	4.17M	4.38M	4.3M	6.96M	3.96M	5.71M	7.38M	7.99M	3.33M	1.78M
Total Liabilities	60.28M	68.71M	55.87M	350.3M	990.17M	1.64B	1.81B	1.35B	782.62M	675.97M
Total Debt+	0	0	0	283.67M	920.1M	1.53B	1.7B	1.21B	624.74M	504.46M
Net Debt	-67.03M	-77.33M	-126.46M	-91M	532.58M	1.05B	843.19M	735.78M	488.98M	342.98M
Debt / Equity	-	-	-	0.69x	1.84x	2.51x	1.53x	1.08x	0.66x	2.61x
Debt / EBITDA	-	-	-	16.61x	19.14x	12.86x	11.15x	12.03x	10.08x	-
Net Debt / EBITDA	-	-	-341.78x	-5.33x	11.08x	8.84x	5.54x	7.32x	7.89x	-
Interest Coverage	-233.60x	-234.33x	-256.31x	-0.55x	0.40x	0.86x	11.33x	1.48x	-17.95x	-284.60x
Total Equity+	231.07M	221.94M	391.06M	410.63M	498.83M	609.63M	1.11B	1.12B	944.62M	192.98M
Equity Growth %	-0.06%	-0.04%	0.76%	0.05%	0.21%	0.22%	0.82%	0.01%	-0.15%	-0.8%
Book Value per Share	2.66	2.45	3.91	3.63	4.18	4.86	7.84	7.45	7.35	1.87
Total Shareholders' Equity	231.07M	221.94M	391.06M	410.63M	498.83M	609.63M	1.11B	1.12B	944.62M	192.98M
Common Stock	88K	92K	110K	116K	122K	129K	137K	126K	103K	105K
Retained Earnings	-329.08M	-371.33M	-391.61M	-406.58M	-416.29M	-422.6M	-337.19M	-70.55M	-52.37M	-889.44M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-172K	-176K	-282K	-1.02M	-1.1M	1.53M	-5.33M	-57.49M	-34.74M	-32.23M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-82K	24.94M	51.15M	75.11M	113.4M	236.44M	273.22M	255.74M	246.2M	125.2M
Operating CF Margin %	-0%	0.1%	0.2%	0.23%	0.28%	0.37%	0.35%	0.33%	0.34%	0.2%
Operating CF Growth %	-1%	305.12%	1.05%	0.47%	0.51%	1.08%	0.16%	-0.06%	-0.04%	-0.49%
Net Income	-59.21M	-42.24M	-20.28M	-14.89M	-9.61M	-6.22M	-1.46M	266.64M	18.18M	-837.07M
Depreciation & Amortization	55.06M	23.79M	19.34M	22.8M	30.25M	62.41M	74.13M	91.61M	129.72M	78.34M
Stock-Based Compensation	38.77M	41.78M	38.36M	52.03M	64.91M	84.06M	108.85M	133.46M	133.5M	84.61M
Deferred Taxes	1.86M	467K	-3.02M	-323K	-39K	-109K	-1.1M	-168.68M	26.57M	143.32M
Other Non-Cash Items	151K	105K	-626K	10.65M	48.18M	62.97M	97.92M	-72.8M	-61.08M	677.77M
Working Capital Changes	-36.72M	1.04M	17.38M	4.84M	-20.29M	33.34M	-5.12M	5.52M	-701K	-21.77M
Change in Receivables	712K	-127K	-175K	-1.54M	1.83M	-400K	-5M	-3.75M	-7.8M	7.77M
Change in Inventory	-23.58M	2.17M	16.3M	1.5M	0	19.7M	0	0	0	0
Change in Payables	-4.24M	-728K	2.65M	893K	-2.4M	1.12M	3.24M	-4.14M	13.06M	-12.38M
Cash from Investing+	8.27M	-5.96M	-136.23M	-82.55M	-703.42M	-732.79M	-365.77M	104.89M	268.67M	11.35M
Capital Expenditures	-8.25M	-24.69M	-26.14M	-31.22M	-42.33M	-81.32M	-94.18M	-103.09M	-83.05M	-74.95M
CapEx % of Revenue	0.03%	0.1%	0.1%	0.1%	0.1%	0.13%	0.12%	0.13%	0.12%	0.12%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	5.96M	24.76M	6.94M	-16.68M	0	-51M	-2.22M	2.19M	9.79M	0
Cash from Financing+	2.72M	-8.68M	134.21M	256.42M	603.51M	588.63M	466.72M	-744.8M	-852.77M	-109.14M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-8.71M	-10.78M	-13.39M	-10.11M	-156.67M	-10.82M	-23.98M	-20.07M	-11.98M	-10.05M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-8.34M	249K	25.01M	43.89M	71.08M	155.13M	179.04M	152.64M	163.15M	50.25M
FCF Margin %	-0.03%	0%	0.1%	0.14%	0.17%	0.24%	0.23%	0.2%	0.23%	0.08%
FCF Growth %	-1.13%	1.03%	99.43%	0.76%	0.62%	1.18%	0.15%	-0.15%	0.07%	-0.69%
FCF per Share	-0.10	0.00	0.25	0.39	0.60	1.24	1.27	1.02	1.27	0.49
FCF Conversion (FCF/Net Income)	0.00x	-0.59x	-2.52x	-5.05x	-11.81x	-38.01x	-187.40x	0.96x	13.54x	-0.15x
Interest Paid	95K	50K	85K	605K	1.33M	1.77M	1.05M	875K	741K	449K
Taxes Paid	827K	1.09M	1.79M	2.1M	2.07M	3.44M	7.39M	6.84M	11.07M	8.09M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-24.77%	-18.65%	-6.62%	-3.71%	-2.11%	-1.12%	-0.17%	23.98%	1.76%	-147.16%
Return on Invested Capital (ROIC)	-24.38%	-19.47%	-6.95%	-1.6%	1.98%	3.16%	3.24%	0.35%	-3.09%	-56.14%
Gross Margin	37.01%	52.93%	68.57%	75.09%	77.57%	68.12%	67.16%	74.26%	68.46%	70.7%
Net Margin	-19.65%	-16.63%	-7.95%	-4.64%	-2.34%	-0.97%	-0.19%	34.77%	2.54%	-135.54%
Debt / Equity	-	-	-	0.69x	1.84x	2.51x	1.53x	1.08x	0.66x	2.61x
Interest Coverage	-233.60x	-234.33x	-256.31x	-0.55x	0.40x	0.86x	11.33x	1.48x	-17.95x	-284.60x
FCF Conversion	0.00x	-0.59x	-2.52x	-5.05x	-11.81x	-38.01x	-187.40x	0.96x	13.54x	-0.15x
Revenue Growth	-1.14%	-15.69%	0.38%	25.88%	27.98%	56.8%	20.47%	-1.21%	-6.6%	-13.78%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Subscription Services	-	-	-	-	-	-	-	671.97M	640.52M	549.21M
Subscription Services Growth	-	-	-	-	-	-	-	-	-4.68%	-14.26%
Chegg Services	94.28M	129.34M	185.68M	-	78.24M	189.01M	669.89M	-	-	-
Chegg Services Growth	-	37.17%	43.57%	-	-	141.59%	254.43%	-	-	-
Required Materials	207.09M	124.75M	69.38M	-	11.61M	44.41M	106.37M	-	-	-
Required Materials Growth	-	-39.76%	-44.38%	-	-	282.60%	139.55%	-	-	-
Service	-	-	-	321.08M	-	-	-	-	-	-
Service Growth	-	-	-	-	-	-	-	-	-	-
Sales Revenues	-	-	-	-	-	-	-	-	-	-
Sales Revenues Growth	-	-	-	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	-	-	-	-	-	-	690M	651.47M	616.36M	537.61M
UNITED STATES Growth	-	-	-	-	-	-	-	-5.58%	-5.39%	-12.78%
Non-US	-	-	-	-	-	-	86.3M	115.43M	99.94M	79.97M
Non-US Growth	-	-	-	-	-	-	-	33.75%	-13.42%	-19.98%

Frequently Asked Questions

Growth & Financials

Chegg, Inc. (CHGG) reported $447.7M in revenue for fiscal year 2024. This represents a 160% increase from $172.0M in 2011.

Chegg, Inc. (CHGG) saw revenue decline by 13.8% over the past year.

Chegg, Inc. (CHGG) reported a net loss of $76.7M for fiscal year 2024.

Dividend & Returns

Chegg, Inc. (CHGG) has a return on equity (ROE) of -147.2%. Negative ROE indicates the company is unprofitable.

Chegg, Inc. (CHGG) generated $7.7M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.