Chegg (CHGG) Operating Expenses (2016 - 2026)
Quarterly Operating Expenses fell 59.63% to $38.9 million in Q1 2026 from the year-ago period, while the trailing twelve-month figure was $284.1 million through Mar 2026, down 75.07% year-over-year, with the annual reading at $341.6 million for FY2025, 70.9% down from the prior year.
Chegg's Operating Expenses history spans 14 years, with the latest figure at $38.9 million for Q1 2026.
- Operating Expenses came in at $38.9 million for Q1 2026, 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.
- The 5-year median for Operating Expenses is $131.0 million (2022), against an average of $157.2 million.
- Year-over-year, Operating Expenses soared 291.04% in 2024 and then tumbled 82.4% in 2025.
- Chegg's Operating Expenses stood at $146.1 million in 2022, then decreased by 11.77% to $128.9 million in 2023, then fell by 2.86% to $125.2 million in 2024, then tumbled by 39.35% to $75.9 million in 2025, then tumbled by 48.74% to $38.9 million in 2026.
- Per Business Quant, the three most recent readings for CHGG's Operating Expenses are $38.9 million (Q1 2026), $75.9 million (Q4 2025), and $63.2 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | 51Talk Online Education | 9.59 Bn | 9.55 Bn | 22.18 Mn | -27.37 Mn |
| 2 | Graham Holdings | 4.73 Bn | 3.72 Bn | 841.00 Mn | 1.18 Bn |
| 3 | Laureate Education | 4.69 Bn | 4.53 Bn | -16.39 Mn | 11.13 Mn |
| 4 | Grand Canyon Education | 4.19 Bn | 3.94 Bn | 244.77 Mn | 213.30 Mn |
| 5 | Stride | 3.77 Bn | 2.96 Bn | 231.57 Mn | 102.49 Mn |
| 6 | Perdoceo Education | 2.11 Bn | 1.43 Bn | 174.68 Mn | 158.62 Mn |
| 7 | Universal Technical Institute | 2.01 Bn | 1.84 Bn | 103.97 Mn | 221.06 Mn |
| 8 | Strategic Education | 1.71 Bn | 1.55 Bn | - | 154.77 Mn |
| 9 | Lincoln Educational Services | 1.46 Bn | 1.44 Bn | 120.06 Mn | 137.55 Mn |
| 10 | Chegg | 159.77 Mn | 93.85 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 |
| Mar 31, 2021 | 110.22 Mn |
| Dec 31, 2020 | 99.37 Mn |
| Sep 30, 2020 | 109.45 Mn |
| Jun 30, 2020 | 87.42 Mn |
| Mar 31, 2020 | 85.92 Mn |
| Dec 31, 2019 | 82.25 Mn |
| Sep 30, 2019 | 77.04 Mn |
| Jun 30, 2019 | 66.53 Mn |
| Mar 31, 2019 | 75.10 Mn |
| Dec 31, 2018 | 66.06 Mn |
| Sep 30, 2018 | 64.75 Mn |
| Jun 30, 2018 | 57.15 Mn |
| Mar 31, 2018 | 59.35 Mn |
| Dec 31, 2017 | 51.12 Mn |
| Sep 30, 2017 | 51.44 Mn |
| Jun 30, 2017 | 44.56 Mn |
| Mar 31, 2017 | 46.74 Mn |
| Dec 31, 2016 | 43.56 Mn |
| Sep 30, 2016 | 47.98 Mn |
| Jun 30, 2016 | 40.00 Mn |