NYSE$CHGG

Chegg Inc · Q2 2025 earnings

Q2 2025 earnings · · After market close · Investor relations

Briefing

Chegg Inc reported a net loss of $35.7 million on revenues of $105.1 million for the second quarter of 2025.

Chegg's Q2 2025 results showed continued revenue decline driven by lower paid subscribers amid increased competition from generative AI tools. Gross profit fell to $69.6 million with operating expenses reduced through restructuring but still resulting in a significant operating loss. The company maintained a strong cash position after repaying convertible notes.

  • Subscription Services revenue declined 39% year-over-year to $89.7 million due to a 40% drop in paid subscribers.
  • Net loss narrowed to $35.7 million from $616.9 million in Q2 2024, primarily due to the absence of a $481.5 million goodwill impairment.
  • Cash and cash equivalents stood at $36.8 million after repaying $416.5 million in convertible senior notes.
  • US revenues accounted for 86% of total net revenues at $90.1 million.

Headline financials

Total Revenue

$105M

Previous: $163M-35.6%
EPS (adj)

-$0.33

Previous: -$6.01+94.5%
Capital Expenditures

-$15.9M

Previous: -$45.8M+65.3%
Net Income

-$35.7M

Previous: -$617M+94.2%
Operating Income

-$36.5M

Previous: -$485M+92.5%
Gross Profit

$69.6M

Previous: $118M-40.8%
Cash & Equivalents

$36.8M

Previous: $133M-72.3%
Total Assets

$404M

Previous: $1.11B-63.7%

Revenue & EPS history

Chegg · Revenue · Quarterly

$105M

Q2 2025-35.6%vs Q2 2024
Beat estimate in 16 of 16 quarters(100%)
ActualEstimate

Revenue by segment

Chegg · $105M total across 2 segments · Q2 2025

  • Subscription Services
    $89.7M
  • Skills and Other
    $15.4M

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports

Historical avg

-0.7%

Avg return

Earnings day

-0.9%

Avg return

5 days after

+1.6%

Avg return

30 days after

56%

29 / 52 earnings

Positive

+36.7%

Q1 2020

Best reaction

-49.5%

Q1 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025
Q1 2026-13.5%-12.1%-5.2%
Q4 2025-10.7%-25.3%-24.0%
Q3 2025+27.8%+22.5%+9.0%
Q1 2025+6.7%+30.4%+127.5%
Q4 2024-31.4%-30.1%-53.2%
Q3 2024-15.1%-7.5%+20.4%
Q2 2024-24.0%-30.0%-30.7%
Q1 2024-27.2%-26.2%-48.3%
Q4 2023-8.8%-8.8%-16.9%
Q3 2023-11.2%-1.5%+20.3%
Q2 2023-0.3%-3.2%-2.6%
Q1 2023-49.5%-43.6%-50.1%
Q4 2022-18.3%-20.6%-22.4%
Q3 2022+19.4%+20.0%+37.2%
Q2 2022+6.5%-2.7%-6.8%
Q1 2022-29.6%-24.6%-24.3%
Q4 2021+20.2%+16.8%+17.5%
Q3 2021-46.0%-48.5%-53.8%
Q2 2021+1.3%-0.8%-4.8%
Q1 2021-7.9%-5.7%-15.5%
Q4 2020+0.2%+11.1%-17.6%
Q3 2020-11.1%-15.4%-16.4%
Q2 2020+5.2%+7.4%-3.7%
Q1 2020+36.7%+49.0%+44.9%
Q4 2019-4.2%-6.2%-14.0%
Q3 2019+9.1%+10.7%+24.5%
Q2 2019+5.3%+2.9%-7.6%
Q1 2019-11.1%-6.9%-9.9%
Q4 2018+8.9%+9.8%+18.3%
Q3 2018+10.6%+12.3%+14.3%
Q2 2018+1.5%-0.6%+15.7%
Q1 2018+2.4%-0.0%+21.6%
Q4 2017+20.2%+22.8%+37.3%
Q3 2017-5.9%-10.6%-9.6%
Q2 2017+7.2%-0.6%+3.2%
Q1 2017+30.9%+27.5%+33.2%
Q4 2016+11.3%+11.8%+11.3%
Q3 2016+1.9%+18.7%+19.5%
Q2 2016+14.1%+22.4%+24.9%
Q1 2016+0.0%
Q4 2015-33.3%
Q3 2015+13.5%
Q2 2015+2.9%
Q1 2015+17.9%
Q4 2014+33.5%
Q3 2013+2.7%
Q3 2014-5.0%
Q2 2013-0.4%
Q2 2014+10.2%
Q1 2013+4.4%
Q1 2014+10.4%
Q4 2013-17.4%
Q4 2012
Q3 2012

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