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
DateValue
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