Filing Flows › Chegg (CHGG) › Q2 2025
Chegg (CHGG) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 8, 2025
Chegg (CHGG) reported revenue of $105M for the second quarter 2025 (Q2 2025), -36% from a year earlier and -13% from the quarter before. Operating margin was -34.7%, net loss $35.7M (33.9% of revenue).
Chegg, Q2 2025: revenue $105M (-36% year over year), operating margin -34.7%, net loss $35.7M, operating cash flow −$4.8M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $105M | -13% | -36% |
| Operating profit | −$36.5M | — | — |
| Net earnings | −$35.7M | — | — |
| Operating cash flow | −$4.8M | -120% | — |
What changed
Revenue was $105.1M in Q2 2025, down 36% year over year and down 13% from the previous quarter. Subscription Services was the largest line at 85% of revenue. Subscription Services lost $57.1M year over year (down 39%), 98% of the total change.
Gross margin was 66.2%, down 5.9 points from a year earlier. Operating costs exceeded revenue by $36.5M, an operating margin of -34.7%. Operating expenses fell 82% while revenue fell 36%. The fastest-growing cost line was General & admin (+11%). The quarter ended with a net loss of $35.7M, wider than the previous quarter's $17.5M loss.
Operating cash flow was −$4.8M. Non-cash charges added back $7.9M of share-based compensation. Working capital and other items added $22.9M. Capital expenditures of $7.2M exceeded it, leaving free cash flow of −$12.1M.
Questions
What was Chegg's revenue in the second quarter 2025?
Chegg (CHGG) reported revenue of $105M for the second quarter 2025 (Q2 2025), -36% from a year earlier and -13% from the quarter before.
Was Chegg profitable in the second quarter 2025?
Operating loss was $36.5M (-34.7% of revenue) and net loss $35.7M.
Source: Chegg 10-Q on SEC EDGAR.