Chegg (CHGG) Cost of Revenue (2013 - 2026)
Chegg (CHGG) posted Cost of Revenue of $23.6 million for Q2 2026, down 7.12% on a QoQ basis from $25.4 million in Q1 2026, and down 33.57% year-over-year from $35.5 million in Q2 2025.
Analysis
Chegg (CHGG) Cost of Revenue (2013 - 2026) Analysis & Trends
Chegg has reported Cost of Revenue for 14 years, with the latest figure at $23.6 million in Q2 2026.
- On a quarterly basis, Cost of Revenue fell 33.57% year-over-year to $23.6 million in Q2 2026; TTM through Jun 2026 was $111.6 million, a 37.45% decrease from a year earlier, with the FY2025 full-year figure at $152.2 million, down 15.9% from the prior year.
- Cost of Revenue was $23.6 million for Q2 2026 at Chegg, down from $25.4 million in the prior quarter.
- The five-year high for Cost of Revenue was $83.6 million in Q3 2023, with the low at $23.6 million in Q2 2026.
- Average Cost of Revenue over 5 years is $44.7 million, with a median of $45.6 million recorded in 2022.
- The sharpest annual moves came in 2023 and 2026: Cost of Revenue surged 84.89% in 2023, then sank 52.99% in 2026.
- Over 5 years, Cost of Revenue stood at $51.4 million in 2022, then decreased by 10.93% to $45.8 million in 2023, then slipped by 0.45% to $45.6 million in 2024, then slumped by 32.02% to $31.0 million in 2025, then slipped by 23.97% to $23.6 million in 2026.
- The last three Cost of Revenue figures came in at $23.6 million (Q2 2026), $25.4 million (Q1 2026), and $31.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Duolingo | 14.45 Bn | 13.13 Bn | 216.74 Mn | 81.71 Mn |
| 2 | Youdao | 3.62 Bn | 3.50 Bn | 105.66 Mn | 110.53 Mn |
| 3 | Coursera | 1.59 Bn | 604.41 Mn | 173.40 Mn | 125.20 Mn |
| 4 | Docebo | 712.07 Mn | 666.36 Mn | 54.53 Mn | 14.12 Mn |
| 5 | 51Talk Online Education | 344.94 Mn | 309.51 Mn | 22.97 Mn | 8.21 Mn |
| 6 | iHuman | 124.70 Mn | -34.09 Mn | 17.68 Mn | 8.77 Mn |
| 7 | Nerdy | 119.95 Mn | 90.19 Mn | 27.98 Mn | 15.25 Mn |
| 8 | Chegg | 94.28 Mn | 21.96 Mn | 28.28 Mn | 23.57 Mn |
| 9 | Skillsoft | 60.79 Mn | -57.58 Mn | 78.61 Mn | 15.89 Mn |
| 10 | Sunlands Technology | 39.07 Mn | 38.85 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 23.57 Mn |
| Mar 31, 2026 | 25.37 Mn |
| Dec 31, 2025 | 31.00 Mn |
| Sep 30, 2025 | 31.70 Mn |
| Jun 30, 2025 | 35.48 Mn |
| Mar 31, 2025 | 53.97 Mn |
| Dec 31, 2024 | 45.60 Mn |
| Sep 30, 2024 | 43.42 Mn |
| Jun 30, 2024 | 45.41 Mn |
| Mar 31, 2024 | 46.50 Mn |
| Dec 31, 2023 | 45.80 Mn |
| Sep 30, 2023 | 83.58 Mn |
| Jun 30, 2023 | 47.41 Mn |
| Mar 31, 2023 | 49.15 Mn |
| Dec 31, 2022 | 51.42 Mn |
| Sep 30, 2022 | 45.20 Mn |
| Jun 30, 2022 | 45.68 Mn |
| Mar 31, 2022 | 55.09 Mn |
| Dec 31, 2021 | 55.71 Mn |
| Sep 30, 2021 | 67.10 Mn |