Filing Flows › Chegg (CHGG) › Q4 2025
Chegg (CHGG) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 9, 2026
Chegg (CHGG) reported revenue of $72.7M for the fourth quarter 2025 (Q4 2025), -49% from a year earlier and -7% from the quarter before. Operating margin was -47.2%, net loss $32.8M (45.1% of revenue).
Chegg, Q4 2025: revenue $72.7M (-49% year over year), operating margin -47.2%, net loss $32.8M, operating cash flow −$9.0M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $72.7M | -7% | -49% |
| Operating profit | −$34.3M | — | — |
| Net earnings | −$32.8M | — | — |
| Operating cash flow | −$9.0M | -287% | — |
What changed
Revenue was $72.7M in Q4 2025, down 49% year over year and down 7% from the previous quarter.
Gross margin was 57.3%, down 10.9 points from a year earlier. Operating costs exceeded revenue by $34.3M, an operating margin of -47.2%. Operating expenses fell 39% while revenue fell 49%. The quarter ended with a net loss of $32.8M, wider than the previous quarter's $17.5M loss.
Operating cash flow was −$9.0M. Non-cash charges added back $6.8M of share-based compensation. Working capital and other items added $17.0M. Capital expenditures of $6.5M exceeded it, leaving free cash flow of −$15.5M.
Questions
What was Chegg's revenue in the fourth quarter 2025?
Chegg (CHGG) reported revenue of $72.7M for the fourth quarter 2025 (Q4 2025), -49% from a year earlier and -7% from the quarter before.
Was Chegg profitable in the fourth quarter 2025?
Operating loss was $34.3M (-47.2% of revenue) and net loss $32.8M.
Source: Chegg 10-K on SEC EDGAR.