CHEGG, INC
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $376.9M | $617.6M | $716.3M | $766.9M | $776.3M | $644.3M | $410.9M | $321.1M |
| Cost of Revenue | $152.2M | $180.9M | $225.9M | $197.4M | $254.9M | $205.4M | $92.2M | $80.0M |
| Gross Profit | $224.8M | $436.6M | $490.4M | $569.5M | $521.4M | $438.9M | $318.7M | $241.1M |
| Gross Margin | 59.6% | 70.7% | 68.5% | 74.3% | 67.2% | 68.1% | 77.6% | 75.1% |
| Operating Expenses | ||||||||
| Research & Development | $93.5M | $170.4M | $191.7M | $196.6M | $178.8M | $170.9M | $139.8M | $114.3M |
| SG&A Expense | $177.4M | $217.8M | $236.2M | $216.2M | $159.0M | $129.3M | $97.6M | $77.7M |
| Operating Income | $-116.9M | $-737.1M | $-67.7M | $9.0M | $78.1M | $56.8M | $17.8M | $-6.2M |
| Operating Margin | -31.0% | -119.4% | -9.5% | 1.2% | 10.1% | 8.8% | 4.3% | -1.9% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $-100.1M | $-688.4M | $50.3M | $103.9M | $5.7M | $-861.0K | $-7.0M | $-13.5M |
| Income Tax Expense | $3.3M | $148.7M | $32.1M | $-162.7M | $7.2M | $5.4M | $2.6M | $1.4M |
| Net Income | $-103.4M | $-837.1M | $18.2M | $266.6M | $-1.5M | $-6.2M | $-9.6M | $-14.9M |
| Net Margin | -27.4% | -135.5% | 2.5% | 34.8% | -0.2% | -1.0% | -2.3% | -4.6% |
| EPS (Basic) | $-0.96 | $-8.10 | $0.16 | $2.09 | $-0.01 | $-0.05 | $-0.08 | $-0.13 |
| EPS (Diluted) | $-0.96 | $-8.10 | $-0.34 | $1.34 | $-0.01 | $-0.05 | $-0.08 | $-0.13 |
| Shares Outstanding (Basic) | 107.5M | 103.3M | 116.5M | 127.6M | 141.3M | 125.4M | 119.2M | 115.5M |
| Shares Outstanding (Diluted) | 107.5M | 103.3M | 128.6M | 149.9M | 141.3M | 125.4M | 119.2M | 115.5M |
| Dividends Per Share | — | — | — | — | — | — | — | — |