Chegg, Inc. (CHGG) Balance Sheet
CHGG balance sheet, 2025
December 31, 2025 · U.S. dollars$276.8M assets = $157.2M liabilities + $119.6M equity
Both columns are drawn to the same scale: what CHGG owns equals what it owes plus shareholders’ equity. Hover a block for its value.
CHGG financial health
Current ratio0.86
Tight · current assets cover current liabilities 0.86×
Debt / equity0.70
Moderate leverage · $0.70 of debt for each $1 of equity
Equity / assets43.2%
Equity-funded · of assets funded by shareholders
Cash / debt86.5%
Partial cover · cash & short-term investments vs total debt
Goodwill & intangibles2.2%
Mostly tangible · of total assets
Descriptive bands, not a rating. Fiscal 2025.
CHGG balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $290.7M2016 | $276.8M2025 | −0.5%/yr | |
| Total liabilities | $68.7M2016 | $157.2M2025 | +9.6%/yr | |
| Shareholders’ equity | $221.9M2016 | $119.6M2025 | −6.6%/yr | |
| Cash & short-term investments | $77.3M2016 | $72.8M2025 | −0.7%/yr | |
| Total debt | $2.9M2016 | $84.2M2025 | +45.2%/yr | |
| Net cash (debt) | $74.4M2016 | −$11.4M2025 | −$85.8M | |
| Working capital | $47.0M2016 | −$19.3M2025 | −$66.4M | |
| Book value per share | $2.452016 | $1.112025 | −8.4%/yr | |
| Current ratio | 1.732016 | 0.862025 | −0.87 | |
| Debt / equity | 0.012016 | 0.702025 | +0.69 | |
| Shares outstanding | 90.5M2016 | 107.5M2025 | +1.9%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
CHGG assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
CHGG liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
CHGG debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
CHGG balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $72.8M | $315.7M | $330.0M | $1.06B | $1.55B | $1.15B | $768.6M | $468.0M | $208.2M | $77.3M |
| Cash & equivalents | $31.1M | $161.5M | $135.8M | $473.7M | $854.1M | $479.9M | $387.5M | $374.7M | $126.5M | $77.3M |
| Short-term investments | $41.7M | $154.2M | $194.3M | $584.0M | $691.8M | $665.6M | $381.1M | $93.3M | $81.7M | $0 |
| Receivables | $15.6M | $23.6M | $31.4M | $23.5M | $17.9M | $12.9M | $11.5M | $12.7M | $10.9M | $28.0M |
| Inventory | $0 | $0 | $1 | $28.5M | $35.1M | $12.8M | $10.5M | $4.7M | $2.0M | $2.6M |
| Other current assets | $32.0M | $98.2M | $53.4M | $34.8M | $23.8M | $11.8M | $16.6M | $9.5M | $7.8M | $3.5M |
| Total current assets | $120.4M | $437.6M | $414.8M | $1.14B | $1.62B | $1.18B | $807.3M | $494.9M | $228.9M | $111.4M |
| Property, plant & equipment (net) | $128.4M | $192.9M | $208.2M | $223.2M | $199.2M | $184.2M | $103.3M | $59.9M | $47.5M | $37.9M |
| Goodwill & intangible assets | $6.0M | $10.3M | $684.4M | $693.4M | $330.3M | $336.5M | $249.2M | $175.4M | $146.4M | $137.0M |
| Long-term investments | $12.4M | $212.7M | $249.5M | $216.2M | $746.0M | $523.6M | $310.5M | $16.1M | $20.3M | $0 |
| Other non-current assets | $9.6M | $15.5M | $170.2M | $188.1M | $21.0M | $24.0M | $18.8M | $14.6M | $3.8M | $4.4M |
| Total assets | $276.8M | $869.0M | $1.73B | $2.47B | $2.92B | $2.25B | $1.49B | $760.9M | $446.9M | $290.7M |
| Liabilities | ||||||||||
| Accounts payable | $3.3M | $15.2M | $28.2M | $12.4M | $12.0M | $8.5M | $7.4M | $8.2M | $7.0M | $5.2M |
| Short-term debt | $53.8M | $358.6M | $363.9M | $7.5M | $6.7M | $6.6M | $5.3M | $3.9M | $3.3M | $2.9M |
| Deferred revenue | $29.7M | $39.2M | $55.3M | $56.3M | $35.1M | $32.6M | $18.8M | $17.4M | $13.4M | $14.8M |
| Total current liabilities | $139.8M | $528.3M | $518.5M | $138.9M | $114.3M | $109.7M | $71.4M | $59.7M | $51.6M | $64.3M |
| Long-term debt | $0 | $127.3M | $242.8M | $1.19B | $1.68B | $1.51B | $900.3M | $283.7M | $0 | $0 |
| Lease obligations | $15.2M | $18.5M | $18.1M | $13.4M | $12.4M | $25.9M | $19.8M | — | — | — |
| Other long-term liabilities | $17.4M | $20.3M | $21.4M | $21.4M | $19.8M | $25.0M | $18.5M | $7.0M | $4.3M | $4.4M |
| Total liabilities | $157.2M | $676.0M | $782.6M | $1.35B | $1.81B | $1.64B | $990.2M | $350.3M | $55.9M | $68.7M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $111,000 | $105,000 | $103,000 | $126,000 | $137,000 | $129,000 | $122,000 | $116,000 | $110,000 | $92,000 |
| Retained earnings (deficit) | −$992.9M | −$889.4M | −$52.4M | −$70.6M | −$337.2M | −$422.6M | −$416.3M | −$406.6M | −$391.6M | −$371.3M |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | −$33.0M | −$32.2M | −$34.7M | −$57.5M | −$5.3M | $1.5M | −$1.1M | −$1.0M | −$282,000 | −$176,000 |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $119.6M | $193.0M | $944.6M | $1.12B | $1.11B | $609.6M | $498.8M | $410.6M | $391.1M | $221.9M |
| Key figures | ||||||||||
| Total debt | $84.2M | $504.5M | $624.7M | $1.21B | $1.70B | $1.53B | $920.1M | $283.7M | $3.3M | $2.9M |
| Net cash (debt) | −$11.4M | −$188.7M | −$294.7M | −$151.8M | −$151.4M | −$387.4M | −$151.5M | $184.3M | $204.9M | $74.4M |
| Working capital | −$19.3M | −$90.8M | −$103.6M | $1.01B | $1.51B | $1.07B | $735.9M | $435.3M | $177.4M | $47.0M |
| Tangible book value | $113.6M | $182.6M | $260.2M | $423.2M | $776.6M | $273.2M | $249.6M | $235.2M | $244.6M | $85.0M |
| Book value per share | $1.11 | $1.87 | $7.35 | $7.45 | $7.84 | $4.86 | $4.18 | $3.63 | $3.91 | $2.45 |
| Shares outstanding | 107.5M | 103.3M | 128.6M | 149.9M | 141.3M | 125.4M | 119.2M | 113.3M | 100.0M | 90.5M |
| Current ratio | 0.86 | 0.83 | 0.80 | 8.24 | 14.19 | 10.78 | 11.31 | 8.29 | 4.44 | 1.73 |
| Quick ratio | 0.63 | 0.64 | 0.70 | 7.79 | 13.68 | 10.56 | 10.93 | 8.06 | 4.25 | 1.64 |
| Debt / equity | 0.70 | 2.61 | 0.66 | 1.08 | 1.53 | 2.51 | 1.84 | 0.69 | 0.01 | 0.01 |
| Equity / assets | 43.2% | 22.2% | 54.7% | 45.3% | 37.9% | 27.1% | 33.5% | 54.0% | 87.5% | 76.4% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $72.3M | $65.9M | $72.8M | $96.4M | $85.6M | $88.3M | $315.7M | $361.1M | $345.5M | $390.8M | $330.0M | $261.3M |
| Cash & equivalents | $44.6M | $33.5M | $31.1M | $38.2M | $36.8M | $44.1M | $161.5M | $152.1M | $133.1M | $143.7M | $135.8M | $94.4M |
| Short-term investments | $27.7M | $32.4M | $41.7M | $58.2M | $48.8M | $44.2M | $154.2M | $209.0M | $212.4M | $247.0M | $194.3M | $166.8M |
| Receivables | $10.7M | $17.8M | $15.6M | $15.4M | $18.1M | $28.5M | $23.6M | $23.7M | $21.0M | $24.7M | $31.4M | $30.5M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $20.4M | $1 | $30.8M |
| Other current assets | $25.7M | $27.1M | $32.0M | $91.5M | $100.2M | $92.9M | $98.2M | $111.7M | $67.1M | $30.0M | $53.4M | $25.2M |
| Total current assets | $108.7M | $110.8M | $120.4M | $203.4M | $203.9M | $209.8M | $437.6M | $496.5M | $433.5M | $465.9M | $414.8M | $347.7M |
| Property, plant & equipment (net) | $106.5M | $117.2M | $128.4M | $143.7M | $154.9M | $166.4M | $192.9M | $207.0M | $200.8M | $212.0M | $208.2M | $195.3M |
| Goodwill & intangible assets | $4.0M | $5.0M | $6.0M | $7.1M | $8.2M | $9.3M | $10.3M | $11.4M | $202.6M | $676.9M | $684.4M | $674.3M |
| Long-term investments | $0 | $2.0M | $12.4M | $15.3M | $28.5M | $38.1M | $212.7M | $270.2M | $259.9M | $221.7M | $249.5M | $412.5M |
| Other non-current assets | $8.5M | $9.1M | $9.6M | $8.8M | $8.9M | $15.2M | $15.5M | $17.6M | $17.5M | $156.2M | $170.2M | $174.8M |
| Total assets | $227.6M | $244.1M | $276.8M | $378.3M | $404.5M | $438.8M | $869.0M | $1.00B | $1.11B | $1.73B | $1.73B | $1.80B |
| Liabilities | ||||||||||||
| Accounts payable | $4.8M | $7.1M | $3.3M | $8.8M | $8.3M | $16.8M | $15.2M | $18.1M | $14.4M | $20.1M | $28.2M | $18.2M |
| Short-term debt | $38.1M | $38.1M | $53.8M | $67.7M | $67.1M | $4.5M | $358.6M | $358.2M | $357.8M | $357.5M | $363.9M | — |
| Deferred revenue | $26.6M | $28.8M | $29.7M | $32.1M | $34.8M | $45.1M | $39.2M | $44.4M | $45.0M | $54.1M | $55.3M | $58.9M |
| Total current liabilities | $93.0M | $106.9M | $139.8M | $214.6M | $227.0M | $171.0M | $528.3M | $545.8M | $485.3M | $505.2M | $518.5M | $150.2M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $62.5M | $127.3M | $243.2M | $243.1M | $242.9M | $242.8M | $599.3M |
| Lease obligations | $16.9M | $17.9M | $15.2M | $20.5M | $22.3M | $22.3M | $18.5M | $23.7M | $15.6M | $16.5M | $18.1M | $19.5M |
| Other long-term liabilities | $16.1M | $16.0M | $17.4M | $17.6M | $19.6M | $19.6M | $20.3M | $28.6M | $20.5M | $21.1M | $21.4M | $21.8M |
| Total liabilities | $109.0M | $123.0M | $157.2M | $232.2M | $246.6M | $253.1M | $676.0M | $817.7M | $748.8M | $769.2M | $782.6M | $771.3M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $111,000 | $112,000 | $111,000 | $109,000 | $108,000 | $105,000 | $105,000 | $104,000 | $103,000 | $102,000 | $103,000 | $116,000 |
| Retained earnings (deficit) | −$995.6M | −$992.6M | −$992.9M | −$960.1M | −$942.6M | −$906.9M | −$889.4M | −$883.3M | −$670.7M | −$53.8M | −$52.4M | −$62.0M |
| Accumulated other comprehensive income | −$34.1M | −$33.9M | −$33.0M | −$33.3M | −$33.3M | −$33.2M | −$32.2M | −$30.0M | −$39.9M | −$40.7M | −$34.7M | −$56.4M |
| Total shareholders' equity | $118.6M | $121.1M | $119.6M | $146.1M | $157.9M | $185.7M | $193.0M | $185.0M | $365.5M | $963.5M | $944.6M | $1.03B |
| Key figures | ||||||||||||
| Total debt | $50.7M | $51.8M | $84.2M | $83.0M | $84.8M | $84.8M | $504.5M | $625.1M | $616.5M | $616.8M | $624.7M | $618.8M |
| Net cash (debt) | $21.6M | $14.1M | −$11.4M | $13.4M | $802,000 | $3.5M | −$188.7M | −$264.1M | −$271.0M | −$226.1M | −$294.7M | −$357.6M |
| Working capital | $15.7M | $3.8M | −$19.3M | −$11.2M | −$23.0M | $38.7M | −$90.8M | −$49.3M | −$51.7M | −$39.2M | −$103.6M | $197.5M |
| Tangible book value | $114.7M | $116.2M | $113.6M | $138.9M | $149.7M | $176.4M | $182.6M | $173.6M | $162.9M | $286.5M | $260.2M | $359.0M |
| Book value per share | $1.06 | $1.08 | $1.11 | $1.35 | $1.48 | $1.77 | $1.87 | $1.78 | $3.56 | $9.41 | $7.94 | $8.95 |
| Shares outstanding | 111.4M | 112.1M | 107.5M | 108.5M | 106.9M | 105.2M | 103.3M | 103.7M | 102.6M | 102.3M | 118.9M | 115.4M |
| Current ratio | 1.17 | 1.04 | 0.86 | 0.95 | 0.90 | 1.23 | 0.83 | 0.91 | 0.89 | 0.92 | 0.80 | 2.31 |
| Quick ratio | 0.89 | 0.78 | 0.63 | 0.52 | 0.46 | 0.68 | 0.64 | 0.71 | 0.76 | 0.82 | 0.70 | 1.94 |
| Debt / equity | 0.43 | 0.43 | 0.70 | 0.57 | 0.54 | 0.46 | 2.61 | 3.38 | 1.69 | 0.64 | 0.66 | 0.60 |
| Equity / assets | 52.1% | 49.6% | 43.2% | 38.6% | 39.0% | 42.3% | 22.2% | 18.4% | 32.8% | 55.6% | 54.7% | 57.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 9, 2026); data from EODHD.
CHGG financial position
At the end of fiscal 2025 (December 31, 2025), Chegg had total assets of $276.8 million (down 68.1% from a year earlier), total liabilities of $157.2 million and shareholders' equity of $119.6 million. It held $72.8 million in cash and short-term investments against $84.2 million of debt, net debt of $11.4 million. Its current ratio was 0.86. In the latest quarter (ended June 30, 2026) total assets were $227.6 million and equity $118.6 million.
Related: CHGG income statement, CHGG cash flow statement, CHGG key metrics. See the CHGG stock overview for the latest quote and news.
CHGG balance sheet FAQ
What are Chegg's total assets?
Chegg reported total assets of $276.8 million at the end of fiscal 2025 (December 31, 2025), compared with $869.0 million a year earlier.
How much debt does Chegg have?
Chegg had $84.2 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.70.
How much cash does Chegg have?
Chegg held $72.8 million in cash and short-term investments at the end of fiscal 2025; with $84.2 million of debt that is net debt of $11.4 million.
What is Chegg's book value?
Chegg's shareholders' equity (book value) was $119.6 million at the end of fiscal 2025, or $1.11 per share.
What is Chegg's current ratio?
Chegg had current assets of $120.4 million and current liabilities of $139.8 million, a current ratio of 0.86 (current liabilities exceed current assets).
How much goodwill does Chegg have?
Chegg carried $6.0 million of goodwill and intangible assets, 2.2% of total assets, at the end of fiscal 2025.