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$0.59-3.8%Stored close · as of Nov 12, 2026
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Item 8. Consolidated Statements of Cash Flows
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| 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 |
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