Chegg (CHGG) Cost of Revenue (2013 - 2026)
Chegg (CHGG) posted quarterly Cost of Revenue of $25.4 million for Q1 2026, down 52.99% year-over-year from $54.0 million in Q1 2025, and up 128.88% quarter-over-quarter from -$87.9 million in Q4 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 52.99% year-over-year to $25.4 million; the TTM figure through Mar 2026 stood at $4.7 million (down 97.5% YoY), while the FY2025 annual figure was $33.3 million, down 81.59% from the prior year.
- Cost of Revenue for Q1 2026 stood at $25.4 million, up from -$87.9 million in the prior quarter.
- The five-year high for Cost of Revenue was $83.6 million in Q3 2023, with the low at -$87.9 million in Q4 2025.
- The 5-year median for Cost of Revenue is $45.6 million (2024), against an average of $31.0 million.
- The sharpest annual moves came in 2023 and 2025: Cost of Revenue surged 154.55% in 2023, then tumbled 292.66% in 2025.
- Chegg's Cost of Revenue stood at -$84.0 million in 2022, then soared by 154.55% to $45.8 million in 2023, then retreated by 0.45% to $45.6 million in 2024, then sank by 292.66% to -$87.9 million in 2025, then surged by 128.88% to $25.4 million in 2026.
- Business Quant data shows CHGG's Cost of Revenue at $25.4 million in Q1 2026, -$87.9 million in Q4 2025, and $31.7 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | New Oriental Education & Technology | 82.68 Bn | 81.02 Bn | 812.22 Mn | 717.31 Mn |
| 2 | Laureate Education | 5.15 Bn | 4.99 Bn | 237.67 Mn | 378.20 Mn |
| 3 | Graham Holdings | 5.00 Bn | 3.79 Bn | 777.03 Mn | 525.48 Mn |
| 4 | Covista | 4.48 Bn | 4.48 Bn | 284.63 Mn | 216.75 Mn |
| 5 | Youdao | 4.15 Bn | 4.08 Bn | 87.31 Mn | 108.11 Mn |
| 6 | Grand Canyon Education | 3.81 Bn | 3.54 Bn | 204.08 Mn | 59.96 Mn |
| 7 | Stride | 3.47 Bn | 2.51 Bn | 217.28 Mn | 418.78 Mn |
| 8 | McGraw Hill | 2.59 Bn | 2.34 Bn | 388.89 Mn | 74.83 Mn |
| 9 | TAL Education | 2.14 Bn | -1,233.59 Bn | 227.32 Mn | 202.24 Mn |
| 10 | Chegg | 87.62 Mn | 15.31 Mn | 28.28 Mn | 23.57 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 23.57 Mn |
| Jun 30, 2026 | 23.57 Mn |
| 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 | 35.48 Mn |
| Jun 30, 2025 | 35.48 Mn |
| Mar 31, 2025 | 53.97 Mn |
| Mar 31, 2025 | 53.97 Mn |
| Dec 31, 2024 | 45.60 Mn |
| Dec 31, 2024 | 45.60 Mn |
| Sep 30, 2024 | 43.42 Mn |
| Sep 30, 2024 | 43.42 Mn |
| Jun 30, 2024 | 45.41 Mn |
| Jun 30, 2024 | 45.41 Mn |
| Mar 31, 2024 | 46.50 Mn |
| Mar 31, 2024 | 46.50 Mn |