Filing Flows › Chegg (CHGG) › Q3 2025
Chegg (CHGG) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 10, 2025
Chegg (CHGG) reported revenue of $77.7M for the third quarter 2025 (Q3 2025), -43% from a year earlier and -26% from the quarter before. Operating margin was -22.0%, net loss $17.5M (22.5% of revenue).
Chegg, Q3 2025: revenue $77.7M (-43% year over year), operating margin -22.0%, net loss $17.5M, operating cash flow $4.8M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $77.7M | -26% | -43% |
| Operating profit | −$17.1M | — | — |
| Net earnings | −$17.5M | — | — |
| Operating cash flow | $4.8M | — | -88% |
What changed
Revenue was $77.7M in Q3 2025, down 43% year over year and down 26% from the previous quarter. Subscription Services was the largest line at 89% of revenue. Subscription Services lost $50.7M year over year (down 42%), 86% of the total change.
Gross margin was 59.2%, down 9.0 points from a year earlier. Operating costs exceeded revenue by $17.1M, an operating margin of -22.0%. Operating expenses fell 80% while revenue fell 43%. The quarter ended with a net loss of $17.5M, narrower than the previous quarter's $35.7M loss.
Operating cash flow was $4.8M (down 88% year over year). Non-cash charges added back $5.9M of share-based compensation. Working capital and other items added $16.4M. Capital expenditures of $5.8M exceeded it, leaving free cash flow of −$943K.
Questions
What was Chegg's revenue in the third quarter 2025?
Chegg (CHGG) reported revenue of $77.7M for the third quarter 2025 (Q3 2025), -43% from a year earlier and -26% from the quarter before.
Was Chegg profitable in the third quarter 2025?
Operating loss was $17.1M (-22.0% of revenue) and net loss $17.5M.
Source: Chegg 10-Q on SEC EDGAR.