What is Chegg's contract assets?

Chegg (CHGG) reported contract assets of $6.56M in Q1 2026.

How has Chegg's contract assets changed year-over-year?

Chegg's contract assets decreased by 3.1% year-over-year, from $6.77M to $6.56M.

What is the long-term trend for Chegg's contract assets?

Over 5 years (2020 to 2025), Chegg's contract assets has grown at a -13.2% compound annual growth rate (CAGR), from $13.24M to $6.54M.

What does contract assets mean?

Revenue recognized under ASC 606 where the right to payment is conditional on something other than the passage of time — work performed but not yet billable.

Chegg CHGG Contract Assets

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LegalZoom.com, Inc.LZ

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$4.55M+28.5%

Other financials

Income statement

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Revenue$63.3M-47.9%

Gross profit$37.9M-43.8%

Operating income-$1.0M+96.4%

Net income$228.0K+101%

EPS (diluted)$0.00+100%

Balance sheet

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Cash & equivalents$35.2M-25.3%

Total debt$17.9M-19.5%

Total equity$121.1M-34.8%

Total assets$244.1M-44.4%

Cash flow

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Operating cash flow$4.1M-83.3%

CapEx$1.0M-88.0%

Free cash flow$3.1M-80.7%

Valuation

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Market cap$113.08M-15.8%

Enterprise value$95.86M-18.1%

P/S0.4×+0.1×

Profitability

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Gross margin61.2%-5.4pp

Operating margin-27.9%-12.3pp

Net margin-26.9%-12.1pp

FCF margin7.9%-11.0pp

Returns & leverage

See full

Return on equity-55.9%-21.5pp

Debt / equity0.1×0.0×

Current ratio1×-0.2×

Where this comes from

Reported directly by Chegg in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerAssetNetCurrent.

The official record: Chegg’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Chegg's contract assets?: Chegg (CHGG) reported contract assets of $6.56M in Q1 2026.
How has Chegg's contract assets changed year-over-year?: Chegg's contract assets decreased by 3.1% year-over-year, from $6.77M to $6.56M.
What is the long-term trend for Chegg's contract assets?: Over 5 years (2020 to 2025), Chegg's contract assets has grown at a -13.2% compound annual growth rate (CAGR), from $13.24M to $6.54M.
What does contract assets mean?: Revenue recognized under ASC 606 where the right to payment is conditional on something other than the passage of time — work performed but not yet billable.