Chegg (CHGG) Cost of Revenue (2013 - 2026)
Chegg (CHGG) recorded quarterly Cost of Revenue of $25.4 million in Q1 2026, up 128.88% quarter-over-quarter from -$87.9 million in Q4 2025, and down 0.94% on a YoY basis from $25.6 million in Q1 2025.
Chegg (CHGG) Cost of Revenue (2013 - 2026) Analysis & Trends
Chegg's Cost of Revenue history runs 14 years deep, the most recent figure standing at $25.4 million for Q1 2026.
- In Q1 2026, Cost of Revenue fell 0.94% year-over-year to $25.4 million; the TTM figure through Mar 2026 stood at -$13.4 million (down 111.09% YoY), while the FY2025 annual figure was $33.3 million, down 69.26% from the prior year.
- Cost of Revenue was $25.4 million for Q1 2026 at Chegg, up from -$87.9 million in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $55.1 million in Q1 2022 to a low of -$87.9 million in Q4 2025.
- Historically, Cost of Revenue has averaged $28.2 million across 5 years, with a median of $31.0 million in 2023.
- The sharpest annual moves came in 2022 and 2025: Cost of Revenue soared 69.86% in 2022, then slumped 414.87% in 2025.
- A 5-year view of Cost of Revenue shows it stood at $51.4 million in 2022, then tumbled by 42.16% to $29.7 million in 2023, then declined by 6.2% to $27.9 million in 2024, then plunged by 414.87% to -$87.9 million in 2025, then soared by 128.88% to $25.4 million in 2026.
- The last three Cost of Revenue figures came in at $25.4 million (Q1 2026), -$87.9 million (Q4 2025), and $31.7 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | 51Talk Online Education | 7.03 Bn | 6.99 Bn | 22.18 Mn | 20.41 Mn |
| 2 | Laureate Education | 5.22 Bn | 5.06 Bn | -16.39 Mn | 289.01 Mn |
| 3 | Graham Holdings | 5.09 Bn | 4.08 Bn | 841.00 Mn | 394.99 Mn |
| 4 | Covista | 4.40 Bn | 4.40 Bn | 276.31 Mn | 210.72 Mn |
| 5 | Stride | 4.17 Bn | 3.36 Bn | 231.57 Mn | 398.31 Mn |
| 6 | Grand Canyon Education | 3.94 Bn | 3.69 Bn | 244.77 Mn | 63.99 Mn |
| 7 | McGraw Hill | 2.19 Bn | 1.94 Bn | 388.89 Mn | 74.83 Mn |
| 8 | Universal Technical Institute | 2.14 Bn | 1.97 Bn | 103.97 Mn | 117.43 Mn |
| 9 | Perdoceo Education | 2.13 Bn | 1.45 Bn | 174.68 Mn | 47.07 Mn |
| 10 | Chegg | 124.02 Mn | 58.10 Mn | 37.89 Mn | 25.37 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 25.37 Mn |
| Mar 31, 2026 | 25.37 Mn |
| Dec 31, 2025 | -87.85 Mn |
| Dec 31, 2025 | -87.85 Mn |
| Sep 30, 2025 | 31.70 Mn |
| Sep 30, 2025 | 31.70 Mn |
| Jun 30, 2025 | 17.42 Mn |
| Jun 30, 2025 | 17.42 Mn |
| Mar 31, 2025 | 25.61 Mn |
| Mar 31, 2025 | 25.61 Mn |
| Dec 31, 2024 | 27.90 Mn |
| Dec 31, 2024 | 27.90 Mn |
| Sep 30, 2024 | 43.42 Mn |
| Sep 30, 2024 | 43.42 Mn |
| Jun 30, 2024 | 23.55 Mn |
| Jun 30, 2024 | 23.55 Mn |
| Mar 31, 2024 | 46.50 Mn |
| Mar 31, 2024 | 46.50 Mn |
| Dec 31, 2023 | 29.75 Mn |
| Dec 31, 2023 | 29.75 Mn |