CHEGG INC
For the period ended Dec 31, 2024. Filed Feb 24, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 24, 2025
CHGG$0.61-0.9%Stored close · as of Nov 9, 2026
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Consolidated Statements of Operations
(in thousands, except per share amounts)
| Years Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Net revenues | $617,574 | $716,295 | $766,897 |
| Cost of revenues | 180,927 | 225,941 | 197,396 |
| Gross profit | 436,647 | 490,354 | 569,501 |
| Operating expenses: | |||
| Research and development | 170,431 | 191,705 | 196,637 |
| Sales and marketing | 108,329 | 126,591 | 147,660 |
| General and administrative | 217,756 | 236,183 | 216,247 |
| Impairment expense | 677,239 | 3,600 | — |
| Total operating expenses | 1,173,755 | 558,079 | 560,544 |
| (Loss) income from operations | (737,108) | (67,725) | 8,957 |
| Interest expense, net and other income, net | |||
| Interest expense, net | (2,590) | (3,773) | (6,040) |
| Other income, net | 51,332 | 121,810 | 101,029 |
| Total interest expense, net and other income, net | 48,742 | 118,037 | 94,989 |
| (Loss) income before (provision for) benefit from income taxes | (688,366) | 50,312 | 103,946 |
| (Provision for) benefit from income taxes | (148,702) | (32,132) | 162,692 |
| Net (loss) income | $(837,068) | $18,180 | $266,638 |
| Net (loss) income per share | |||
| Basic | $(8.10) | $0.16 | $2.09 |
| Diluted | $(8.10) | $(0.34) | $1.34 |
| Weighted average shares used to compute net (loss) income per share | |||
| Basic | 103,300 | 116,504 | 127,557 |
| Diluted | 103,300 | 128,569 | 149,859 |
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