CHEGG, INC

For the period ended Dec 31, 2025. Filed Mar 9, 2026.

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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.

FY2025 · Filed Mar 9, 2026

CHGG$0.59-2.9%Stored close · as of Nov 10, 2026

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Contents

Item 8. Consolidated Statements of Cash Flows

	Years Ended December 31,
	2025	2024	2023
Cash flows from operating activities
Net (loss) income	$(103,421)	$(837,068)	$18,180
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Share-based compensation expense	31,864	84,614	133,502
Depreciation and amortization expense	78,637	78,344	129,718
Deferred tax assets	1,348	143,319	26,575
Gain on early extinguishments of debt	(7,838)	(19,515)	(85,926)
Loss contingency	—	—	7,000
Impairment expense	2,000	677,239	3,600
Loss from write-offs of property and equipment	1,959	5,795	4,137
Amortization of debt issuance costs	500	2,147	3,156
Operating lease expense, net of accretion	3,641	5,864	6,079
Realized (gain) loss on sale of investments	(752)	27	2,106
Impairment of lease related assets	7,315	5,557	—
Impairment of equity investment	6,000	—	—
Other non-cash items	1,423	656	(1,228)
Change in assets and liabilities:
Accounts receivable	8,439	7,771	(7,799)
Prepaid expenses and other current assets	66,370	(41,732)	3,476
Other assets	21	1,130	10,829
Accounts payable	(9,660)	(12,376)	13,057
Deferred revenue	(10,677)	(15,885)	(1,585)
Accrued liabilities	(59,723)	47,103	(7,342)
Other liabilities	(1,956)	(7,785)	(11,337)
Net cash provided by operating activities	15,490	125,205	246,198
Cash flows from investing activities
Purchases of property and equipment	(28,123)	(74,953)	(83,052)
Proceeds from disposition of textbooks	—	—	9,787
Purchases of investments	(793)	(170,950)	(637,939)
Proceeds from sale of investments	181,158	70,077	394,533
Maturities of investments	130,055	171,671	597,197
Proceeds from sale of equity investments	—	15,500	—
Purchases of equity investments	—	—	(11,853)
Net cash provided by investing activities	282,297	11,345	268,673
Cash flows from financing activities
Proceeds from common stock issued under stock plans	590	2,636	4,165
Payment of taxes related to the net share settlement of equity awards	(2,600)	(9,239)	(16,440)
Repayment of convertible senior notes	(424,848)	(96,520)	(505,986)
Proceeds from exercise of convertible senior notes capped call	—	—	297
Payment of withholding tax	(1,621)	(3,450)	—
Repurchase of common stock	—	(2,569)	(334,806)
Net cash used in financing activities	(428,479)	(109,142)	(852,770)
Effect of exchange rate changes	(256)	(1,025)	21
Net (decrease) increase in cash, cash equivalents and restricted cash	(130,948)	26,383	(337,878)
Cash, cash equivalents and restricted cash, beginning of period	164,359	137,976	475,854
Cash, cash equivalents and restricted cash, end of period	$33,411	$164,359	$137,976

	Years Ended December 31,
	2025	2024	2023
Supplemental cash flow data:
Cash paid during the period for:
Interest	$224	$449	$741
Income taxes, net of refunds	$4,589	$8,085	$11,074
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$6,964	$7,243	$9,042
Right of use assets obtained in exchange for lease obligations:
Operating leases	$1,636	$10,108	$12,407
Non-cash investing and financing activities:
Accrued purchases of long-lived assets	$185	$5,850	$9,650

	December 31,
	2025	2024	2023
Reconciliation of cash, cash equivalents and restricted cash:
Cash and cash equivalents	$31,146	$161,475	$135,757
Restricted cash included in other current assets	575	956	—
Restricted cash included in other assets	1,690	1,928	2,219
Total cash, cash equivalents and restricted cash	$33,411	$164,359	$137,976

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.