Chegg (CHGG) Goodwill (2013 - 2024)
Chegg (CHGG) posted Goodwill of $189.8 million for Q2 2024, down 69.82% on a QoQ basis from $628.8 million in Q1 2024, and down 69.86% year-over-year from $629.6 million in Q3 2023.
Analysis
Chegg (CHGG) Goodwill (2013 - 2024) Analysis & Trends
Chegg has reported Goodwill for 12 years, with the latest figure at $189.8 million in Q2 2024.
- On a quarterly basis, Goodwill fell 69.86% year-over-year to $189.8 million in Q2 2024; TTM through Jun 2024 was $189.8 million, a 69.86% decrease from a year earlier, with the FY2023 full-year figure at $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.
- The five-year high for Goodwill was $641.3 million in Q1 2022, with the low at $189.8 million in Q2 2024.
- Average Goodwill over 5 years is $445.2 million, with a median of $440.2 million recorded in 2021.
- The sharpest annual moves came in 2022 and 2024: Goodwill surged 120.68% in 2022, then tumbled 69.86% in 2024.
- Over 5 years, Goodwill stood at $285.2 million in 2020, then increased by 1.59% to $289.8 million in 2021, then surged by 112.27% to $615.1 million in 2022, then climbed by 2.75% to $632.0 million in 2023, then slumped 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 Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Duolingo | 14.45 Bn | 13.13 Bn | 216.74 Mn |
| 2 | Youdao | 3.62 Bn | 3.50 Bn | 105.66 Mn |
| 3 | Coursera | 1.59 Bn | 604.41 Mn | 173.40 Mn |
| 4 | Docebo | 712.07 Mn | 666.36 Mn | 54.53 Mn |
| 5 | 51Talk Online Education | 344.94 Mn | 309.51 Mn | 22.97 Mn |
| 6 | iHuman | 124.70 Mn | -34.09 Mn | 17.68 Mn |
| 7 | Nerdy | 119.95 Mn | 90.19 Mn | 27.98 Mn |
| 8 | Chegg | 94.28 Mn | 21.96 Mn | 28.28 Mn |
| 9 | Skillsoft | 60.79 Mn | -57.58 Mn | 78.61 Mn |
| 10 | Sunlands Technology | 39.07 Mn | 38.85 Mn | - |
Historic Data
Download Data
Historic 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 |