Chegg (CHGG) Operating Expenses (2013 - 2026)
Chegg (CHGG) recorded quarterly Operating Expenses of $38.9 million in Q1 2026, down 48.74% quarter-over-quarter from $75.9 million in Q4 2025, and down 59.63% on a YoY basis from $96.4 million in Q1 2025.
Chegg (CHGG) Operating Expenses (2013 - 2026) Analysis & Trends
Chegg's Operating Expenses history runs 14 years deep, the most recent figure standing at $38.9 million for Q1 2026.
- In Q1 2026, Operating Expenses fell 59.63% year-over-year to $38.9 million; the TTM figure through Mar 2026 stood at $284.1 million (down 75.07% YoY), while the FY2025 annual figure was $341.6 million, down 70.9% from the prior year.
- Operating Expenses was $38.9 million for Q1 2026 at Chegg, down from $75.9 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $602.7 million in Q2 2024 to a low of $38.9 million in Q1 2026.
- Historically, Operating Expenses has averaged $157.2 million across 5 years, with a median of $131.0 million in 2022.
- The sharpest annual moves came in 2024 and 2025: Operating Expenses jumped 291.04% in 2024, then plunged 82.4% in 2025.
- A 5-year view of Operating Expenses shows it stood at $146.1 million in 2022, then fell by 11.77% to $128.9 million in 2023, then retreated by 2.86% to $125.2 million in 2024, then plunged by 39.35% to $75.9 million in 2025, then sank by 48.74% to $38.9 million in 2026.
- The last three Operating Expenses figures came in at $38.9 million (Q1 2026), $75.9 million (Q4 2025), and $63.2 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | 51Talk Online Education | 7.03 Bn | 6.99 Bn | 22.18 Mn | -27.37 Mn |
| 2 | Laureate Education | 5.22 Bn | 5.06 Bn | -16.39 Mn | 11.13 Mn |
| 3 | Graham Holdings | 5.09 Bn | 4.08 Bn | 841.00 Mn | 1.18 Bn |
| 4 | Covista | 4.40 Bn | 4.40 Bn | 276.31 Mn | 395.69 Mn |
| 5 | Stride | 4.17 Bn | 3.36 Bn | 231.57 Mn | 102.49 Mn |
| 6 | Grand Canyon Education | 3.94 Bn | 3.69 Bn | 244.77 Mn | 213.30 Mn |
| 7 | McGraw Hill | 2.19 Bn | 1.94 Bn | 388.89 Mn | 395.25 Mn |
| 8 | Universal Technical Institute | 2.14 Bn | 1.97 Bn | 103.97 Mn | 221.06 Mn |
| 9 | Perdoceo Education | 2.13 Bn | 1.45 Bn | 174.68 Mn | 158.62 Mn |
| 10 | Chegg | 124.02 Mn | 58.10 Mn | 37.89 Mn | 38.93 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 38.93 Mn |
| Dec 31, 2025 | 75.93 Mn |
| Sep 30, 2025 | 63.17 Mn |
| Jun 30, 2025 | 106.10 Mn |
| Mar 31, 2025 | 96.42 Mn |
| Dec 31, 2024 | 125.21 Mn |
| Sep 30, 2024 | 315.46 Mn |
| Jun 30, 2024 | 602.74 Mn |
| Mar 31, 2024 | 130.34 Mn |
| Dec 31, 2023 | 128.90 Mn |
| Sep 30, 2023 | 132.15 Mn |
| Jun 30, 2023 | 154.14 Mn |
| Mar 31, 2023 | 142.90 Mn |
| Dec 31, 2022 | 146.10 Mn |
| Sep 30, 2022 | 130.97 Mn |
| Jun 30, 2022 | 141.69 Mn |
| Mar 31, 2022 | 141.78 Mn |
| Dec 31, 2021 | 125.56 Mn |
| Sep 30, 2021 | 104.48 Mn |
| Jun 30, 2021 | 103.00 Mn |