What is Chegg's quick ratio?

Chegg (CHGG) reported quick ratio of 1× in Q1 2026.

How has Chegg's quick ratio changed year-over-year?

Chegg's quick ratio decreased by 15.5% year-over-year, from 1.2× to 1×.

What is the long-term trend for Chegg's quick ratio?

Over 5 years (2020 to 2025), Chegg's quick ratio has grown at a -39.7% compound annual growth rate (CAGR), from 10.8× to 0.9×.

What does quick ratio mean?

Current assets excluding inventory, divided by current liabilities at the quarter end (the 'acid-test'). A stricter liquidity measure that excludes the least-liquid current asset.

Chegg CHGG Quick ratio

Quick ratio at other companies

GHC

Graham HoldingsGHC

1.5×+0.1×

IMM

Immersion CorporationIMMR

1.8×+0.1×

Grand Canyon EducationLOPE

2.7×-0.7×

DuolingoDUOL

2.6×-0.1×

Barnes & Noble EducationBNED

0.9×0.0×

CourseraCOUR

2.5×-0.1×

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

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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.

quick assets/total current liabilities=1×

Based on the most recent quarter.

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 quick ratio?: Chegg (CHGG) reported quick ratio of 1× in Q1 2026.
How has Chegg's quick ratio changed year-over-year?: Chegg's quick ratio decreased by 15.5% year-over-year, from 1.2× to 1×.
What is the long-term trend for Chegg's quick ratio?: Over 5 years (2020 to 2025), Chegg's quick ratio has grown at a -39.7% compound annual growth rate (CAGR), from 10.8× to 0.9×.
What does quick ratio mean?: Current assets excluding inventory, divided by current liabilities at the quarter end (the 'acid-test'). A stricter liquidity measure that excludes the least-liquid current asset.