Chegg (CHGG) Cost of Revenue (2016 - 2026)
Quarterly Cost of Revenue fell 0.94% to $25.4 million in Q1 2026 from the year-ago period, while the trailing twelve-month figure was -$13.4 million through Mar 2026, down 111.09% year-over-year, with the annual reading at $33.3 million for FY2025, 69.26% down from the prior year.
Chegg's Cost of Revenue history spans 14 years, with the latest figure at $25.4 million for Q1 2026.
- Cost of Revenue came in at $25.4 million for Q1 2026, 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.
- The 5-year median for Cost of Revenue is $31.0 million (2023), against an average of $28.2 million.
- Year-over-year, Cost of Revenue surged 69.86% in 2022 and then tumbled 414.87% in 2025.
- Chegg's Cost of Revenue stood at $51.4 million in 2022, then crashed by 42.16% to $29.7 million in 2023, then dropped by 6.2% to $27.9 million in 2024, then crashed by 414.87% to -$87.9 million in 2025, then surged by 128.88% to $25.4 million in 2026.
- Per Business Quant, the three most recent readings for CHGG's Cost of Revenue are $25.4 million (Q1 2026), -$87.9 million (Q4 2025), and $31.7 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | 51Talk Online Education | 9.59 Bn | 9.55 Bn | 22.18 Mn | 8.44 Mn |
| 2 | Graham Holdings | 4.73 Bn | 3.72 Bn | 841.00 Mn | 394.99 Mn |
| 3 | Laureate Education | 4.69 Bn | 4.53 Bn | -16.39 Mn | 289.01 Mn |
| 4 | Grand Canyon Education | 4.19 Bn | 3.94 Bn | 244.77 Mn | 63.99 Mn |
| 5 | Stride | 3.77 Bn | 2.96 Bn | 231.57 Mn | 398.31 Mn |
| 6 | Perdoceo Education | 2.11 Bn | 1.43 Bn | 174.68 Mn | 47.07 Mn |
| 7 | Universal Technical Institute | 2.01 Bn | 1.84 Bn | 103.97 Mn | 117.43 Mn |
| 8 | Strategic Education | 1.71 Bn | 1.55 Bn | - | - |
| 9 | Lincoln Educational Services | 1.46 Bn | 1.44 Bn | 120.06 Mn | 23.90 Mn |
| 10 | Chegg | 159.77 Mn | 93.85 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 |
| Sep 30, 2023 | 28.87 Mn |
| Sep 30, 2023 | 28.87 Mn |
| Jun 30, 2023 | 30.96 Mn |
| Jun 30, 2023 | 30.96 Mn |
| Mar 31, 2023 | 49.15 Mn |
| Mar 31, 2023 | 49.15 Mn |
| Dec 31, 2022 | 51.42 Mn |
| Dec 31, 2022 | 51.42 Mn |
| Sep 30, 2022 | 45.20 Mn |
| Sep 30, 2022 | 45.20 Mn |
| Jun 30, 2022 | 35.28 Mn |
| Jun 30, 2022 | 35.28 Mn |
| Mar 31, 2022 | 55.09 Mn |
| Mar 31, 2022 | 55.09 Mn |
| Dec 31, 2021 | 30.28 Mn |
| Dec 31, 2021 | 30.28 Mn |
| Sep 30, 2021 | 27.24 Mn |
| Sep 30, 2021 | 27.24 Mn |
| Jun 30, 2021 | 60.71 Mn |
| Jun 30, 2021 | 60.71 Mn |
| Mar 31, 2021 | 71.38 Mn |
| Mar 31, 2021 | 71.38 Mn |
| Dec 31, 2020 | 57.13 Mn |
| Dec 31, 2020 | 57.13 Mn |
| Sep 30, 2020 | 24.63 Mn |
| Sep 30, 2020 | 24.63 Mn |
| Jun 30, 2020 | 43.52 Mn |
| Jun 30, 2020 | 43.52 Mn |
| Mar 31, 2020 | 20.24 Mn |
| Mar 31, 2020 | 20.24 Mn |
| Dec 31, 2019 | 44.85 Mn |
| Dec 31, 2019 | 44.85 Mn |
| Sep 30, 2019 | 16.82 Mn |
| Sep 30, 2019 | 16.82 Mn |
| Jun 30, 2019 | 11.80 Mn |
| Jun 30, 2019 | 11.80 Mn |
| Mar 31, 2019 | 18.72 Mn |
| Mar 31, 2019 | 18.72 Mn |
| Dec 31, 2018 | -3.21 Mn |
| Dec 31, 2018 | -3.21 Mn |
| Sep 30, 2018 | 15.69 Mn |
| Sep 30, 2018 | 15.69 Mn |
| Jun 30, 2018 | 17.78 Mn |
| Jun 30, 2018 | 17.78 Mn |
| Mar 31, 2018 | 15.34 Mn |
| Mar 31, 2018 | 15.34 Mn |
| Dec 31, 2017 | 39.93 Mn |
| Dec 31, 2017 | 39.93 Mn |
| Sep 30, 2017 | 22.36 Mn |
| Sep 30, 2017 | 22.36 Mn |
| Jun 30, 2017 | 17.04 Mn |
| Jun 30, 2017 | 17.04 Mn |
| Mar 31, 2017 | 15.96 Mn |
| Mar 31, 2017 | 15.96 Mn |
| Dec 31, 2016 | 79.92 Mn |
| Dec 31, 2016 | 79.92 Mn |
| Sep 30, 2016 | 15.26 Mn |
| Sep 30, 2016 | 15.26 Mn |
| Jun 30, 2016 | 12.61 Mn |
| Jun 30, 2016 | 12.61 Mn |