Shareholder equity has collapsed from $944.6 million in 2023Q4 to $121.1 million in 2026Q1, driven by massive goodwill impairments and persistent net losses.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 |
|---|
| Total Current Assets | 110.78M | 120.42M | 437.56M | 414.83M | 1.14B | 1.62B | 1.18B | 807.27M | 494.93M | 228.94M | 111.37M | 132.84M | 110.81M | 124.31M | 31.17M | 44.02M |
| Cash & Short-Term Investments | 65.91M | 72.82M | 315.72M | 330.01M | 1.06B | 1.55B | 1.15B | 768.59M | 468.01M | 208.2M | 77.33M | 84.83M | 89.46M | 113.94M | 21.03M | 34.61M |
| Cash Only | 33.53M | 31.15M | 161.47M | 135.76M | 473.68M | 854.08M | 479.85M | 387.52M | 374.66M | 126.46M | 77.33M | 67.03M | 56.12M | 76.86M | 21.03M | 34.61M |
| Short-Term Investments | 32.39M | 41.67M | 154.25M | 194.26M | 583.97M | 691.78M | 665.57M | 381.07M | 93.34M | 81.74M | 0 | 17.8M | 33.35M | 37.07M | 0 | 0 |
| Accounts Receivable | 17.8M | 15.6M | 23.64M | 31.4M | 23.52M | 17.85M | 12.91M | 11.53M | 12.73M | 10.86M | 27.96M | 13.16M | 14.4M | 7.09M | 7.21M | 1.71M |
| Days Sales Outstanding | 19.15 | 15.11 | 13.97 | 16 | 11.19 | 8.39 | 7.31 | 10.24 | 14.47 | 15.53 | 40.17 | 15.93 | 17.24 | 10.13 | 12.33 | 3.63 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 12.78M | 10.54M | 4.67M | 2.04M | 2.58M | 3.12M | 3.09M | 2.17M | 1.13M | 3.09M |
| Days Inventory Outstanding | - | - | - | - | - | - | 22.7 | 41.73 | 21.32 | 9.3 | 7.87 | 5.99 | 5.35 | 4.53 | 2.83 | 8.88 |
| Other Current Assets | 27.08M | 15.67M | 81.09M | 32.44M | 34.75M | 23.85M | 11.85M | 16.61M | 9.51M | 7.84M | 21.01M | 31.73M | 3.86M | 1.15M | 2.39M | 3.56M |
| Total Non-Current Assets | 133.32M | 156.4M | 431.39M | 1.31B | 1.32B | 1.3B | 1.07B | 681.73M | 266.01M | 217.99M | 179.28M | 158.52M | 207.31M | 203.06M | 165.19M | 152.32M |
| Property, Plant & Equipment | 117.24M | 128.36M | 192.9M | 208.2M | 223.22M | 199.24M | 184.18M | 103.29M | 59.9M | 47.49M | 37.88M | 49.7M | 99.13M | 124.07M | 107.35M | 85.95M |
| Fixed Asset Turnover | 2.34x | 2.94x | 3.20x | 3.44x | 3.44x | 3.90x | 3.50x | 3.98x | 5.36x | 5.37x | 6.71x | 6.06x | 3.08x | 2.06x | 1.99x | 2.00x |
| Goodwill | 0 | 0 | 0 | 632M | 615.09M | 289.76M | 285.21M | 214.51M | 149.52M | 125.27M | 116.24M | 91.3M | 91.3M | 49.55M | 49.55M | 49.55M |
| Intangible Assets | 4.96M | 6.04M | 10.35M | 52.43M | 78.33M | 40.57M | 51.25M | 34.67M | 25.91M | 21.15M | 20.75M | 8.87M | 13.63M | 3.31M | 6.66M | 14.1M |
| Long-Term Investments | 58.13M | 12.39M | 212.65M | 249.55M | 216.23M | 745.99M | 523.63M | 310.48M | 16.05M | 20.3M | 3M | 4.23M | 1.45M | 24.32M | 0 | 0 |
| Other Non-Current Assets | 9.13M | 9.61M | 14.53M | 170.22M | 20.61M | 19.67M | 24.03M | 18.78M | 14.62M | 3.77M | 4.41M | 4.43M | 1.8M | 1.78M | 1.63M | 2.72M |
| Total Assets | 244.1M | 276.82M | 868.95M | 1.73B | 2.47B | 2.92B | 2.25B | 1.49B | 760.94M | 446.93M | 290.65M | 291.36M | 318.13M | 327.37M | 196.37M | 196.33M |
| Asset Turnover | 0.98x | 1.36x | 0.71x | 0.41x | 0.31x | 0.27x | 0.29x | 0.28x | 0.42x | 0.57x | 0.87x | 1.03x | 0.96x | 0.78x | 1.09x | 0.88x |
| Asset Growth % | -238.49% | -68.14% | -49.69% | -29.94% | -15.55% | 29.67% | 51.19% | 95.68% | 70.26% | 53.77% | -0.24% | -8.42% | -2.82% | 66.71% | 0.02% | - |
| Total Current Liabilities | 106.94M | 139.76M | 528.34M | 518.46M | 138.87M | 114.34M | 109.73M | 71.39M | 59.67M | 51.56M | 64.33M | 56.11M | 66.72M | 48.15M | 70.46M | 40.25M |
| Accounts Payable | 7.08M | 3.26M | 15.16M | 28.18M | 12.37M | 11.99M | 8.55M | 7.36M | 8.18M | 7.05M | 5.17M | 5.86M | 10.95M | 4.08M | 4.19M | 1.47M |
| Days Payables Outstanding | 20.67 | 7.93 | 30.58 | 45.53 | 22.87 | 17.17 | 15.19 | 29.15 | 37.31 | 32.09 | 15.79 | 11.27 | 18.93 | 8.5 | 10.49 | 4.22 |
| Short-Term Debt | 0 | 53.77M | 358.61M | 357.08M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 19.39M | 0 |
| Deferred Revenue (Current) | 90.58M | 29.68M | 39.22M | 0 | 56.27M | 35.14M | 32.62M | 18.78M | 17.42M | 13.44M | 14.84M | 14.97M | 24.59M | 22.8M | 20.03M | 12.51M |
| Other Current Liabilities | 71.11M | 53.06M | 0 | 55.34M | -7.49M | 1.39M | 1.51M | 15.98M | 20.03M | 15.53M | 33.22M | 4.54M | 6.17M | 6.52M | 6.63M | 5.91M |
| Current Ratio | 1.04x | 0.86x | 0.83x | 0.80x | 8.24x | 14.19x | 10.78x | 11.31x | 8.29x | 4.44x | 1.73x | 2.37x | 1.66x | 2.58x | 0.44x | 1.09x |
| Quick Ratio | 1.04x | 0.86x | 0.83x | 0.80x | 8.24x | 14.19x | 10.66x | 11.16x | 8.22x | 4.40x | 1.69x | 2.31x | 1.61x | 2.54x | 0.43x | 1.02x |
| Cash Conversion Cycle | -1.52 | - | - | - | - | - | 14.83 | 22.82 | -1.51 | -7.26 | 32.25 | 10.66 | 3.65 | 6.15 | 4.67 | 8.29 |
| Total Non-Current Liabilities | 47.5M | 17.44M | 147.63M | 264.15M | 1.21B | 1.7B | 1.53B | 918.78M | 290.63M | 4.3M | 4.38M | 4.17M | 4.37M | 4.98M | 212.03M | 207.98M |
| Long-Term Debt | 47.5M | 15.21M | 127.34M | 242.76M | 1.19B | 1.68B | 1.51B | 900.3M | 283.67M | 0 | 0 | 0 | 0 | 0 | 0 | 20.5M |
| Capital Lease Obligations | 48.26M | 15.21M | 18.51M | 18.06M | 13.38M | 12.45M | 19.26M | 14.51M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 549K | 1.92M |
| Other Non-Current Liabilities | 0 | -12.97M | 1.78M | 3.33M | 7.99M | 7.38M | 5.71M | 3.96M | 6.96M | 4.3M | 4.38M | 4.17M | 4.37M | 4.98M | 211.48M | 37K |
| Total Liabilities | 16.02M | 157.2M | 675.97M | 782.62M | 1.35B | 1.81B | 1.64B | 990.17M | 350.3M | 55.87M | 68.71M | 60.28M | 71.08M | 53.13M | 282.49M | 248.23M |
| Total Debt | 47.5M | 84.17M | 504.46M | 624.74M | 1.21B | 1.7B | 1.53B | 920.1M | 283.67M | 0 | 0 | 0 | 0 | 0 | 19.39M | 20.5M |
| Net Debt | 13.97M | 53.03M | 342.98M | 488.98M | 735.78M | 843.19M | 1.05B | 532.58M | -91M | -126.46M | -77.33M | -67.03M | -56.12M | -76.86M | -1.64M | -14.11M |
| Debt / Equity | 0.39x | 0.70x | 2.61x | 0.66x | 1.08x | 1.53x | 2.51x | 1.84x | 0.69x | - | - | - | - | - | - | - |
| Debt / EBITDA | 4.24x | 5.49x | - | 10.08x | 12.03x | 11.15x | 12.86x | 19.14x | 16.61x | - | - | - | - | - | 0.85x | 0.79x |
| Net Debt / EBITDA | 1.25x | 3.46x | - | 7.89x | 7.32x | 5.54x | 8.84x | 11.08x | -5.33x | -341.78x | - | - | -3.47x | -3.23x | -0.07x | -0.54x |
| Interest Coverage | -525.53x | -107.32x | -264.78x | 14.33x | 18.21x | 1.83x | 0.99x | 0.84x | -0.20x | -248.74x | -236.06x | -232.73x | -202.70x | -13.46x | -10.16x | -9.62x |
| Total Equity | 121.14M | 119.62M | 192.98M | 944.62M | 1.12B | 1.11B | 609.63M | 498.83M | 410.63M | 391.06M | 221.94M | 231.07M | 247.04M | 274.24M | -86.13M | -51.89M |
| Equity Growth % | -150.62% | -38.01% | -79.57% | -15.4% | 0.87% | 81.57% | 22.21% | 21.48% | 5% | 76.2% | -3.95% | -6.46% | -9.92% | 418.41% | -65.97% | - |
| Book Value per Share | 1.08 | 1.11 | 1.87 | 7.35 | 7.45 | 7.84 | 4.86 | 4.18 | 3.63 | 3.91 | 2.45 | 2.66 | 2.97 | 3.35 | -1.29 | -0.78 |
| Total Shareholders' Equity | 121.14M | 119.62M | 192.98M | 944.62M | 1.12B | 1.11B | 609.63M | 498.83M | 410.63M | 391.06M | 221.94M | 231.07M | 247.04M | 274.24M | -86.13M | -51.89M |
| Common Stock | 112K | 111K | 105K | 103K | 126K | 137K | 129K | 122K | 116K | 110K | 92K | 88K | 84K | 82K | 12K | 12K |
| Retained Earnings | -992.63M | -992.86M | -889.44M | -52.37M | -70.55M | -337.19M | -422.6M | -416.29M | -406.58M | -391.61M | -371.33M | -329.08M | -269.87M | -205.12M | -149.26M | -100.22M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -33.92M | -33M | -32.23M | -34.74M | -57.49M | -5.33M | 1.53M | -1.1M | -1.02M | -282K | -176K | -172K | -13K | -6K | 50K | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Liquidity and solvency pressure
As reported in recent financial filings, total assets have plummeted from $1.7 billion in 2023Q4 to $244.1 million by 2026Q1, signaling a severe contraction in the company's underlying resource base as it struggles to maintain its competitive position against generative AI alternatives.
The dramatic decline in total assets reflects both the aggressive write-down of intangible assets and the exhaustion of cash reserves. This trajectory suggests that the company is rapidly losing the scale required to support its legacy business model, potentially limiting its ability to pivot effectively.
Based on the most recent quarterly data, cash and equivalents have dwindled to $31.1 million, a critical level that leaves the company with minimal buffer against operational shocks or the need for significant restructuring in an increasingly hostile competitive environment for academic assistance services.
With a current ratio hovering near 1.04, the company's ability to meet short-term obligations appears increasingly fragile. Investors should monitor whether this liquidity profile forces management to seek dilutive financing or further divestitures to sustain core operations.
According to historical balance sheet data, shareholder equity has collapsed from $944.6 million in 2023Q4 to $121.1 million in 2026Q1, primarily driven by the accumulation of nearly $1 billion in retained losses that reflect a fundamental breakdown in the company's long-term profitability.
The rapid depletion of equity suggests that the company's historical investments in content and acquisitions have failed to generate sustainable returns. This trend indicates that the capital structure is under significant stress, potentially impairing the company's ability to attract future investment without substantial dilution.
As documented in recent SEC filings, the massive reduction in goodwill from $632 million in 2023Q4 to just $5 million in 2026Q1 highlights the aggressive impairment of past acquisitions, suggesting that the company's historical growth strategy has been largely invalidated by current market realities.
This massive write-down serves as a stark reminder that the company's previous M&A activity may have been based on overly optimistic assumptions regarding the durability of its moat. The remaining asset base appears increasingly reliant on physical or legacy infrastructure that may hold little value in an AI-dominated landscape.
Quick answers to the most common questions about buying CHGG stock.
As of 2025, Chegg, Inc. (CHGG) had total assets of $276.8M including $120.4M in current assets.
Chegg, Inc. (CHGG) carries total debt of $84.2M, offset by $72.8M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Chegg, Inc. (CHGG) has total shareholders' equity (book value) of $119.6M ($1.11 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Chegg, Inc. (CHGG) reported a current ratio of 0.86x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.