Chegg Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	376.91	617.57	716.3	766.9	776.27
Revenue Growth (YoY)	-38.97%	-13.78%	-6.60%	-1.21%	20.47%
Cost of Revenue	150.05	174.07	225.93	197.4	254.9
Gross Profit	226.86	443.51	490.37	569.5	521.36
Selling, General & Admin	212.1	303.07	351.77	363.91	264.43
Research & Development	78.08	159.04	190.01	196.64	178.82
Operating Expenses	290.17	462.12	541.79	560.54	443.25
Operating Income	-63.32	-18.61	-51.42	8.96	78.11
Interest Expense	-0.59	-2.59	-3.77	-6.04	-6.9
Interest & Investment Income	-	28.05	37.41	12.43	6.7
Currency Exchange Gain (Loss)	-	-	-	4.63	-
Other Non Operating Income (Expenses)	17.3	0.01	0.58	0.13	-6.34
EBT Excluding Unusual Items	-46.6	6.86	-17.2	20.1	71.57
Merger & Restructuring Charges	-51.54	-36.26	-5.7	-	-
Impairment of Goodwill	-	-635.39	-	-	-
Gain (Loss) on Sale of Investments	-	3.76	-2.11	-9.68	12.32
Asset Writedown	-2	-41.85	-3.6	-	-
Legal Settlements	-	-	-7	-	-
Other Unusual Items	-	14.52	85.93	93.52	-78.15
Pretax Income	-100.14	-688.37	50.31	103.95	5.74
Income Tax Expense	3.28	148.7	32.13	-162.69	7.2
Net Income	-103.42	-837.07	18.18	266.64	-1.46
Net Income to Common	-103.42	-837.07	18.18	266.64	-1.46
Net Income Growth	-	-	-93.18%	-	-
Shares Outstanding (Basic)	107	103	117	128	141
Shares Outstanding (Diluted)	107	103	129	150	141
Shares Change (YoY)	4.05%	-19.65%	-14.21%	6.09%	12.68%
EPS (Basic)	-0.96	-8.10	0.16	2.09	-0.01
EPS (Diluted)	-0.96	-8.10	-0.34	1.34	-0.01
Free Cash Flow	-12.63	50.25	163.15	148.83	168.11
Free Cash Flow Per Share	-0.12	0.49	1.27	0.99	1.19
Gross Margin	60.19%	71.81%	68.46%	74.26%	67.16%
Operating Margin	-16.80%	-3.01%	-7.18%	1.17%	10.06%
Profit Margin	-27.44%	-135.54%	2.54%	34.77%	-0.19%
Free Cash Flow Margin	-3.35%	8.14%	22.78%	19.41%	21.66%
EBITDA	15.32	59.74	44.1	100.56	152.24
EBITDA Margin	4.06%	9.67%	6.16%	13.11%	19.61%
D&A For EBITDA	78.64	78.34	95.52	91.61	74.13
EBIT	-63.32	-18.61	-51.42	8.96	78.11
EBIT Margin	-16.80%	-3.01%	-7.18%	1.17%	10.06%
Effective Tax Rate	-	-	63.87%	-	125.41%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.