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
DateValue
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