What is Chegg's net debt?

Chegg (CHGG) reported net debt of -$17.22M in Q1 2026.

How has Chegg's net debt changed year-over-year?

Chegg's net debt increased by 30.5% year-over-year, from -$24.76M to -$17.22M.

What is the long-term trend for Chegg's net debt?

Over 5 years (2020 to 2025), Chegg's net debt has grown at a -50.2% compound annual growth rate (CAGR), from -$455.82M to -$13.93M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Chegg CHGG Net debt

Discontinued — last reported Q1 '26

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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

Calculated from Chegg’s reported figures.

$17.9Mtotal debt−$35.2Mcash and equivalents=-$17.22M

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 net debt?: Chegg (CHGG) reported net debt of -$17.22M in Q1 2026.
How has Chegg's net debt changed year-over-year?: Chegg's net debt increased by 30.5% year-over-year, from -$24.76M to -$17.22M.
What is the long-term trend for Chegg's net debt?: Over 5 years (2020 to 2025), Chegg's net debt has grown at a -50.2% compound annual growth rate (CAGR), from -$455.82M to -$13.93M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.