Chegg (CHGG) Goodwill (2013 - 2024)
Chegg (CHGG) recorded quarterly Goodwill of $189.8 million in Q2 2024, down 69.82% quarter-over-quarter from $628.8 million in Q1 2024, and down 69.86% on a YoY basis from $629.6 million in Q3 2023.
Chegg (CHGG) Goodwill (2013 - 2024) Analysis & Trends
Chegg's Goodwill history runs 12 years deep, the most recent figure standing at $189.8 million for Q2 2024.
- In Q2 2024, Goodwill fell 69.86% year-over-year to $189.8 million; the TTM figure through Jun 2024 stood at $189.8 million (down 69.86% YoY), while the FY2023 annual figure was $632.0 million, up 2.75% from the prior year.
- Goodwill was $189.8 million for Q2 2024 at Chegg, down from $628.8 million in the prior quarter.
- In the past five years, Goodwill ranged from a high of $641.3 million in Q1 2022 to a low of $189.8 million in Q2 2024.
- Historically, Goodwill has averaged $445.2 million across 5 years, with a median of $440.2 million in 2021.
- The sharpest annual moves came in 2022 and 2024: Goodwill jumped 120.68% in 2022, then plunged 69.86% in 2024.
- A 5-year view of Goodwill shows it stood at $285.2 million in 2020, then grew by 1.59% to $289.8 million in 2021, then jumped by 112.27% to $615.1 million in 2022, then advanced by 2.75% to $632.0 million in 2023, then tumbled by 69.97% to $189.8 million in 2024.
- The last three Goodwill figures came in at $189.8 million (Q2 2024), $628.8 million (Q1 2024), and $632.0 million (Q4 2023), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | 51Talk Online Education | 7.03 Bn | 6.99 Bn | 22.18 Mn |
| 2 | Laureate Education | 5.22 Bn | 5.06 Bn | -16.39 Mn |
| 3 | Graham Holdings | 5.09 Bn | 4.08 Bn | 841.00 Mn |
| 4 | Covista | 4.40 Bn | 4.40 Bn | 276.31 Mn |
| 5 | Stride | 4.17 Bn | 3.36 Bn | 231.57 Mn |
| 6 | Grand Canyon Education | 3.94 Bn | 3.69 Bn | 244.77 Mn |
| 7 | McGraw Hill | 2.19 Bn | 1.94 Bn | 388.89 Mn |
| 8 | Universal Technical Institute | 2.14 Bn | 1.97 Bn | 103.97 Mn |
| 9 | Perdoceo Education | 2.13 Bn | 1.45 Bn | 174.68 Mn |
| 10 | Chegg | 124.02 Mn | 58.10 Mn | 37.89 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2024 | 189.77 Mn |
| Mar 31, 2024 | 628.78 Mn |
| Dec 31, 2023 | 632.00 Mn |
| Sep 30, 2023 | 617.69 Mn |
| Jun 30, 2023 | 629.56 Mn |
| Mar 31, 2023 | 622.68 Mn |
| Dec 31, 2022 | 615.09 Mn |
| Sep 30, 2022 | 589.70 Mn |
| Jun 30, 2022 | 616.65 Mn |
| Mar 31, 2022 | 641.28 Mn |
| Dec 31, 2021 | 289.76 Mn |
| Sep 30, 2021 | 290.50 Mn |
| Jun 30, 2021 | 290.73 Mn |
| Mar 31, 2021 | 290.60 Mn |
| Dec 31, 2020 | 285.21 Mn |
| Sep 30, 2020 | 284.81 Mn |
| Jun 30, 2020 | 284.68 Mn |
| Mar 31, 2020 | 214.32 Mn |
| Dec 31, 2019 | 214.51 Mn |
| Sep 30, 2019 | 149.07 Mn |