CHEGG, INC, 10-K filed on 3/9/2026
Annual Report
v3.25.4
Cover Page - USD ($)
12 Months Ended
Dec. 31, 2025
Feb. 28, 2026
Jun. 30, 2025
Cover [Abstract]      
Document Type 10-K    
Document Annual Report true    
Document Period End Date Dec. 31, 2025    
Current Fiscal Year End Date --12-31    
Document Transition Report false    
Entity File Number 001-36180    
Entity Registrant Name CHEGG, INC.    
Entity Incorporation, State or Country Code DE    
Entity Tax Identification Number 20-3237489    
Entity Address, Address Line One 2261 Market Street STE 46218    
Entity Address, City or Town San Francisco    
Entity Address, State or Province CA    
Entity Address, Postal Zip Code 94114    
City Area Code 408    
Local Phone Number 855-5700    
Title of 12(b) Security Common Stock, $0.001 par value per share    
Trading Symbol CHGG    
Security Exchange Name NYSE    
Entity Well-known Seasoned Issuer Yes    
Entity Voluntary Filers No    
Entity Current Reporting Status Yes    
Entity Interactive Data Current Yes    
Entity Filer Category Accelerated Filer    
Entity Small Business true    
Entity Emerging Growth Company false    
ICFR Auditor Attestation Flag true    
Document Financial Statement Error Correction false    
Entity Shell Company false    
Entity Public Float     $ 126,089,139
Entity Common Stock, Shares Outstanding   111,798,694  
Documents Incorporated by Reference
Portions of the Registrant's definitive proxy statement for the Registrant's 2026 Annual Meeting of Stockholders are incorporated by reference in Part III of this Annual Report on Form 10-K to the extent stated herein. The Proxy Statement will be filed within 120 days of the Registrant's fiscal year ended December 31, 2025.
   
Entity Central Index Key 0001364954    
Document Fiscal Year End 2025    
Document Fiscal Period Focus FY    
Amendment Flag false    
v3.25.4
Audit Information
12 Months Ended
Dec. 31, 2025
Audit Information [Abstract]  
Auditor Firm ID 34
Auditor Name DELOITTE & TOUCHE LLP
Auditor Location San Jose, California
v3.25.4
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 31,146 $ 161,475
Short-term investments 41,674 154,249
Accounts receivable, net of allowance of $156 and $190 at December 31, 2025 and December 31, 2024, respectively 15,604 23,641
Prepaid expenses 16,331 17,100
Other current assets 16,857 81,094
Total current assets 121,612 437,559
Long-term investments 12,392 212,650
Property and equipment, net 115,168 170,648
Intangible assets, net 6,041 10,347
Right of use assets 13,188 22,256
Other assets 9,613 15,491
Total assets 278,014 868,951
Current liabilities    
Accounts payable 3,258 15,159
Deferred revenue 29,675 39,217
Accrued liabilities 54,249 115,360
Current portion of convertible senior notes, net 53,765 358,605
Total current liabilities 140,947 528,341
Long-term liabilities    
Convertible senior notes, net 0 127,344
Long-term operating lease liabilities 15,205 18,509
Other long-term liabilities 2,239 1,776
Total long-term liabilities 17,444 147,629
Total liabilities 158,391 675,970
Commitments and contingencies (Note 10)
Stockholders’ equity:    
Preferred stock, $0.001 par value – 10,000,000 shares authorized, no shares issued and outstanding at December 31, 2025 and December 31, 2024 0 0
Common stock, $0.001 par value – 400,000,000 shares authorized; 110,985,562 and 104,880,048 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively 111 105
Additional paid-in capital 1,145,371 1,114,550
Accumulated other comprehensive loss (32,997) (32,233)
Accumulated deficit (992,862) (889,441)
Total stockholders’ equity 119,623 192,981
Total liabilities and stockholders’ equity $ 278,014 $ 868,951
v3.25.4
CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Statement of Financial Position [Abstract]    
Allowance for doubtful accounts receivable, current $ 156 $ 190
Preferred stock, par value (in dollars per share) $ 0.001 $ 0.001
Preferred stock, shares authorized (in shares) 10,000,000 10,000,000
Preferred stock, shares issued (in shares) 0 0
Preferred stock, shares outstanding (in shares) 0 0
Common stock, par value (in dollars per share) $ 0.001 $ 0.001
Common stock, shares authorized (in shares) 400,000,000 400,000,000
Common stock, shares issued (in shares) 110,985,562 104,880,048
Common stock, shares outstanding (in shares) 110,985,562 104,880,048
v3.25.4
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Income Statement [Abstract]      
Net revenues $ 376,908 $ 617,574 $ 716,295
Cost of revenues 152,151 180,927 225,941
Gross profit 224,757 436,647 490,354
Operating expenses:      
Research and development 93,453 170,431 191,705
Sales and marketing 68,754 108,329 126,591
General and administrative 177,406 217,756 236,183
Impairment expense 2,000 677,239 3,600
Total operating expenses 341,613 1,173,755 558,079
Loss from operations (116,856) (737,108) (67,725)
Interest expense, net and other income, net      
Interest expense, net (590) (2,590) (3,773)
Other income, net 17,304 51,332 121,810
Total interest expense, net and other income, net 16,714 48,742 118,037
(Loss) income before provision for income taxes (100,142) (688,366) 50,312
Provision for income taxes (3,279) (148,702) (32,132)
Net (loss) income $ (103,421) $ (837,068) $ 18,180
Net (loss) income per share      
Basic (in dollars per share) $ (0.96) $ (8.10) $ 0.16
Diluted (in dollars per share) $ (0.96) $ (8.10) $ (0.34)
Weighted average shares used to compute net (loss) income per share      
Basic (in shares) 107,484 103,300 116,504
Diluted (in shares) 107,484 103,300 128,569
v3.25.4
CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Statement of Comprehensive Income [Abstract]      
Net (loss) income $ (103,421) $ (837,068) $ 18,180
Other comprehensive (loss) income      
Change in net unrealized (loss) gain on investments, net of tax (621) 585 5,534
Change in foreign currency translation adjustments, net of tax (143) 1,921 17,215
Other comprehensive (loss) income (764) 2,506 22,749
Total comprehensive (loss) income $ (104,185) $ (834,562) $ 40,929
v3.25.4
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Common Stock
Additional Paid-In Capital
Accumulated Other Comprehensive Loss
Accumulated Deficit
Beginning balance (in shares) at Dec. 31, 2022   126,474,000      
Beginning balance at Dec. 31, 2022 $ 1,116,589 $ 126 $ 1,244,504 $ (57,488) $ (70,553)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Repurchase of common stock (in shares)   (26,506,000)      
Repurchase of common stock (337,709) $ (26) (337,683)    
Issuance of common stock upon exercise of stock options and under ESPP (in shares)   512,000      
Issuance of common stock upon exercise of stock options and ESPP $ 4,163 $ 1 4,162    
Issuance of common stock upon exercise of ESPP (in shares) 454,533        
Net share settlement of equity awards (in shares)   2,344,000      
Net share settlement of equity awards $ (16,438) $ 2 (16,440)    
Share-based compensation expense 136,787   136,787    
Net proceeds from capped call related to extinguishments of 2025 notes 297   297    
Other comprehensive income (loss) 22,749     22,749  
Net income (loss) 18,180       18,180
Ending balance (in shares) at Dec. 31, 2023   102,824,000      
Ending balance at Dec. 31, 2023 944,618 $ 103 1,031,627 (34,739) (52,373)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Repurchase of common stock (in shares)   (2,116,000)      
Repurchase of common stock $ (18) $ (2) (16)    
Issuance of common stock upon exercise of ESPP (in shares) 859,302 859,000      
Issuance of common stock under ESPP $ 2,633 $ 1 2,632    
Net share settlement of equity awards (in shares)   3,313,000      
Net share settlement of equity awards (9,236) $ 3 (9,239)    
Share-based compensation expense 89,546   89,546    
Other comprehensive income (loss) 2,506     2,506  
Net income (loss) $ (837,068)       (837,068)
Ending balance (in shares) at Dec. 31, 2024 104,880,048 104,880,000      
Ending balance at Dec. 31, 2024 $ 192,981 $ 105 1,114,550 (32,233) (889,441)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Issuance of common stock upon exercise of ESPP (in shares) 811,545 812,000      
Issuance of common stock under ESPP $ 585 $ 1 584    
Net share settlement of equity awards (in shares)   5,294,000      
Net share settlement of equity awards (2,595) $ 5 (2,600)    
Share-based compensation expense 32,837   32,837    
Other comprehensive income (loss) (764)     (764)  
Net income (loss) $ (103,421)       (103,421)
Ending balance (in shares) at Dec. 31, 2025 110,985,562 110,986,000      
Ending balance at Dec. 31, 2025 $ 119,623 $ 111 $ 1,145,371 $ (32,997) $ (992,862)
v3.25.4
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 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 0 0 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 0
Impairment of equity investment 6,000 0 0
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 0 0 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 0 15,500 0
Purchases of equity investments 0 0 (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 0 0 297
Payment of withholding tax (1,621) (3,450) 0
Repurchase of common stock 0 (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
Supplemental cash flow data:      
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
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 0
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
v3.25.4
Background and Basis of Presentation
12 Months Ended
Dec. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Background and Basis of Presentation Background and Basis of Presentation
Company and Background

Chegg, Inc. (“we,” “us,” “our,” “Company” or “Chegg”), was incorporated as a Delaware corporation in July 2005. Chegg is a learning platform helping businesses bring new skills to their workforce and giving lifelong learners and students the skills and confidence to succeed. Focused on the large and growing skilling market, Chegg offers innovative tools for workplace readiness, professional upskilling, and language learning. Chegg also continues to offer students artificial intelligence (AI)-driven, personalized support. Chegg remains committed to its mission of improving learning outcomes and career opportunities for millions of people around the world.
Basis of Presentation

Our fiscal year ends on December 31 and in this report, we refer to the year ended December 31, 2025, December 31, 2024, and December 31, 2023 as 2025, 2024, and 2023, respectively.

Reclassification of Prior Period Presentation

In order to conform with current period presentation, $1.0 million of deferred tax assets have been reclassified from deferred tax assets to other assets on our consolidated balance sheet as of December 31, 2024. This change in presentation does not affect previously reported results.
v3.25.4
Significant Accounting Policies
12 Months Ended
Dec. 31, 2025
Accounting Policies [Abstract]  
Significant Accounting Policies Significant Accounting Policies
Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles in the United States (U.S. GAAP) requires management to make estimates, judgments, and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses as well as the disclosure of contingent liabilities. Significant estimates, assumptions, and judgments are used for, but not limited to: revenue recognition, share-based compensation expense, accounting for income taxes, useful lives assigned to long-lived assets for depreciation and amortization, impairment of goodwill, intangible assets and long-lived assets, and internal-use software and website development costs. We base our estimates on historical experience, knowledge of current business conditions, and various other factors we believe to be reasonable under the circumstances. These estimates are based on management’s knowledge about current events and expectations about actions we may undertake in the future. Actual results could differ from these estimates, and such differences could be material to our financial position and results of operations.

Principles of Consolidation

The consolidated financial statements include the accounts of Chegg and our wholly owned subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. The consolidated financial statements have been prepared in accordance with U.S. GAAP.

Cash and Cash Equivalents and Restricted Cash

We consider all highly liquid investments with a maturity date of three months or less from the date of purchase to be cash equivalents. Our cash and cash equivalents consist of cash and money market funds at financial institutions, and are stated at cost, which approximates fair value. We classify certain restricted cash balances within other current assets and other assets on the accompanying consolidated balance sheets based upon the term of the remaining restrictions.

Fair Value Measurements

We account for certain assets and liabilities at fair value. We have established a fair value hierarchy used to determine the fair value of our financial instruments as follows:

Level 1—Inputs are unadjusted quoted prices in active markets for identical assets or liabilities.
Level 2—Inputs are quoted prices for similar assets and liabilities in active markets or inputs that are observable for the assets or liabilities, either directly or indirectly through market corroboration, for substantially the full term of the financial instruments.

Level 3—Inputs are unobservable inputs based on our own assumptions used to measure assets and liabilities at fair value; the inputs require significant management judgment or estimation.

A financial instrument’s classification within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. The methods described above may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, while we believe our valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date.

Investments

We hold investments in corporate debt securities. We classify our investments as available-for-sale that are either short or long-term based on the remaining contractual maturity of the investment. Our investments are carried at estimated fair value with any unrealized gains and losses, unrelated to credit loss factors, net of taxes, included in other comprehensive (loss) income on our consolidated statements of stockholders’ equity. Unrealized losses related to credit loss factors are recorded through an allowance for credit losses in other income, net on our consolidated statements of operations, rather than as a reduction to other comprehensive (loss) income, when a decline in fair value has resulted from a credit loss. When evaluating whether an investment's unrealized losses are related to credit factors, we review factors such as the extent to which fair value is below its cost basis, any changes to the credit rating of the security, adverse conditions specifically related to the security, changes in market interest rates and our intent to sell, or whether it is more likely than not we will be required to sell, before recovery of cost basis. We invest in highly rated securities with a weighted average maturity of eighteen months or less. In addition, our investment policy limits the amount of our credit exposure to any one issuer or industry sector and requires investments to be investment grade, with the primary objective of preserving capital and maintaining liquidity. Fair values were determined for each individual security in the investment portfolio. We determine realized gains or losses on the sale of investments on a specific identification method and record such gains or losses as other income, net.

The estimated fair value of our investments is based on quoted prices in active markets for identical assets (Level 1 inputs) or inputs other than quoted prices that are observable either directly or indirectly (Level 2 inputs) in determining fair value. Other than our money market funds, we classify our fixed income available-for-sale investments as having Level 2 inputs. The valuation techniques used to measure the fair value of our investments having Level 2 inputs were derived from non-binding market consensus prices that are corroborated by observable market data or quoted market prices for similar instruments. We do not hold any investments valued with a Level 3 input.

Accounts Receivable, Net of Allowance

Accounts receivable is recorded at the invoiced amount and is non-interest bearing. We generally grant uncollateralized credit terms to our customers.

We maintain an estimated allowance provision to account for potentially uncollectible accounts receivable based upon expected credit losses for outstanding receivables. Our estimate is derived using a variety of factors including historical collection and loss patterns, the current aging of accounts receivable, geographic and other customer-specific credit risk factors, and reasonable and supportable forecasts of future economic conditions which inform adjustments to historical loss patterns. The estimated allowance provision is classified as general and administrative operating expenses on our consolidated statements of operations. Accounts receivable that are deemed to be uncollectible are written off, net of expected or actual recoveries.

Concentration of Credit Risk

Financial instruments that potentially subject us to concentrations of credit risk consist primarily of cash and cash equivalents, and investments in accordance with our investment policy. We place the majority of our cash and cash equivalents with financial institutions in the United States that we believe to be of high credit quality, and accordingly minimal credit risk exists with respect to these instruments. Certain of our cash balances held with a financial institution are in excess of Federal Deposit Insurance Corporation limits. Our investment portfolio consists of investments diversified among security types, industries and issuers. Our investments were held and managed by recognized financial institutions that followed our
investment policy with the main objective of preserving capital, generating a competitive return, and maintaining liquidity.
Concentrations of credit risk with respect to accounts receivable exist to the full extent of amounts presented in the financial statements. No customers represented over 10% of our net accounts receivable balance as of December 31, 2025 and December 31, 2024. No customers represented over 10% of net revenues during the years ended December 31, 2025, 2024 or 2023.

Property and Equipment

Property and equipment are recorded at cost less accumulated depreciation and content amortization. Depreciation and content amortization are computed using the straight-line method over the following estimated useful lives of the assets:

ClassificationUseful Life
Content
5 years
Internal-use software and website development3 years
Leasehold improvements
Shorter of the remaining lease term or 5 years
Furniture and fixtures5 years
Computers and equipment3 years

We capitalize all costs associated with the development of content that is utilized in our products and services. Content amortization is classified within cost of revenues on our consolidated statements of operations.

We capitalize certain costs associated with software developed or obtained for internal use and website development. We capitalize costs when preliminary development efforts are successfully completed, management has authorized and committed project funding and it is probable that the project will be completed, and the software will be used as intended. Costs incurred prior to meeting these criteria, together with costs incurred for training and maintenance, are expensed as incurred. Costs incurred for enhancements that are expected to result in additional material functionality are capitalized and amortized over the estimated useful life of the upgrades. Depreciation expense is classified within cost of revenues or operating expenses categories on our consolidated statements of operations.

When assets are retired or otherwise disposed of, the cost and related accumulated depreciation and content amortization are removed from their respective accounts, and any gain or loss on such sale or disposal is reflected in loss from operations. When assets are abandoned prior to the end of their useful lives, we accelerate depreciation over the revised shortened useful life. Accelerated depreciation expense is classified consistently with the initial depreciation expense.

Goodwill

Goodwill represents the excess of the fair value of purchase consideration paid over the estimated fair value of assets acquired and liabilities assumed in a business combination. Goodwill is not amortized but rather tested for impairment at least annually, or more frequently if certain events or indicators of impairment occur between annual impairment tests. We first assess qualitative factors to determine whether it is necessary to perform the quantitative impairment test. In our qualitative assessment, we consider factors including economic conditions, industry and market conditions and developments, overall financial performance and other relevant entity-specific events. If our qualitative assessment concludes that it is more likely than not that the fair value is less than the carrying amount, a quantitative assessment of impairment is performed. In the quantitative test, we compare fair value, estimated utilizing the income approach, based on present value techniques, to the carrying value. If the carrying value exceeds the fair value, an impairment loss is recognized in an amount equal to the excess, limited to the remaining balance of goodwill.

Intangible Assets

Intangible assets are amortized over their estimated useful lives. Intangible assets are tested for impairment at the asset group level at least annually or when events or changes in circumstances indicate that the carrying amount of such asset groups may not be recoverable.
Leases

We determine if an arrangement is a lease at inception. Operating leases are included in operating lease right of use (ROU) assets, accrued liabilities, and long-term operating lease liabilities on our consolidated balance sheets. Operating lease ROU assets and operating lease liabilities are recognized based on the present value of the future minimum lease payments over the lease term at commencement date. Lease agreements typically do not provide an implicit rate and therefore we use our incremental borrowing rate based on the information available at commencement date in determining the present value of future minimum lease payments. Our incremental borrowing rate is estimated based on the estimated rate incurred to borrow, on a collateralized basis over a similar term as our leases, an amount equal to the lease payments in a similar economic environment. Our lease terms may include options to extend or terminate the lease when it is reasonably certain that we will exercise such options. We do not record leases on our consolidated balance sheets with a term of one year or less. We do not separate lease and non-lease components but rather account for each separate component as a single lease component for all underlying classes of assets. Some of our leases include payments that are dependent on an index, such as the Consumer Price Index (CPI), and our minimum lease payments include payments based on the index at inception with any future changes in such indices recognized as an expense in the period of change. Where leases contain escalation clauses, rent abatement, or concessions, such as rent holidays and landlord or tenant incentives or allowances, we apply them in the determination of straight-line operating lease cost over the lease term. ROU assets are evaluated for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable.

Equity Investments

Investments in entities where we do not have the ability to exercise significant influence and which do not have readily determinable fair values are accounted for at cost, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer, if any. Equity investments are included in other assets on our consolidated balance sheets. We assess our equity investments for impairment whenever events or changes in circumstances indicate that they may be impaired. The factors we consider in our evaluation include, but are not limited to, a significant deterioration in the earnings performance or business prospects of the investee or factors that raise significant concerns about the investee’s ability to continue as a going concern, such as negative cash flows from operations or working capital deficiencies.

Convertible Senior Notes, net

Convertible senior notes, including the embedded conversion features, are accounted for under the traditional convertible debt accounting model entirely as a liability net of unamortized issuance costs. The carrying amount of the liability is classified as a current liability if we have committed to settle with current assets or the holders have the option to convert the notes at any time within twelve months after the reporting date; otherwise, we classify it as a long-term liability as we retain the election to settle conversion requests in shares of our common stock. The embedded conversion features are not remeasured as long as they do not meet the separation requirement of a derivative; otherwise, they are classified as derivative instruments and recorded at fair value with changes in fair value recorded in other income, net on our consolidated statements of operations. The fair value of any derivative instruments related to the notes are determined utilizing Level 2 inputs. Issuance costs are amortized on a straight-line basis, which approximates the effective interest rate method, to interest expense over the term of the notes. In accounting for conversions of the notes, the carrying amount of the converted notes is reduced by the total consideration paid or issued for the respective converted notes and the difference is recorded to additional paid-in capital on our consolidated balance sheets. In accounting for extinguishments of the notes, the reacquisition price of the extinguished notes is compared to the carrying amount of the respective extinguished notes and a gain or loss is recorded in other income, net on our consolidated statements of operations.

Revenue Recognition and Deferred Revenue

We recognize revenues when the control of goods or services is transferred to our customers, in an amount that reflects the consideration we expect to be entitled to in exchange for those goods or services. We determine revenue recognition through the following steps:

Identification of the contract, or contracts, with a customer
Identification of the performance obligations in the contract
Determination of the transaction price
Allocation of the transaction price to the performance obligations in the contract
Recognition of revenue when, or as, we satisfy a performance obligation
Revenues are presented net of sales tax collected from customers to be remitted to governmental authorities and net of allowances for estimated and actual refunds, which are based on historical data. Revenues from our language learning platform and Academic Services are primarily recognized ratably over the monthly subscription period. Revenues from our workforce skilling programs are recognized over the delivery period, adjusted for an estimate of non-redemption, or upon fulfillment. Revenues from advertising services and content licensing are recognized upon fulfillment.

Some of our customer arrangements include multiple performance obligations. We have determined these performance obligations qualify as distinct performance obligations, as the customer can benefit from the service on its own or together with other resources that are readily available to the customer, and our promise to transfer the service is separately identifiable from other promises in the contract. For these arrangements that contain multiple performance obligations, we allocate the transaction price based on the relative standalone selling price (SSP) method by comparing the SSP of each distinct performance obligation to the total value of the contract. We determine the SSP based on our historical pricing and discounting practices for the distinct performance obligation when sold separately. If the SSP is not directly observable, we estimate the SSP by considering information such as market conditions, and information about the customer. Additionally, we limit the amount of revenues recognized for delivered promises to the amount that is not contingent on future delivery of services or other future performance obligations.

Some of our customer arrangements may include an amount of variable consideration in addition to a fixed revenue share that we earn. This variable consideration can either increase or decrease the total transaction price depending on the nature of the variable consideration. We estimate the amount of variable consideration that we will earn at the inception of the contract, adjusted during each period, and include an estimated amount each period.

For sales of third-party products, we evaluate whether we are acting as a principal or an agent. Where our role in a transaction is that of principal, revenues are recognized on a gross basis. This requires revenue to comprise the gross value of the transaction billed to the customer, after trade discounts, with any related expenditure charged as a cost of revenues. Where our role in a transaction is that of an agent, revenues are recognized on a net basis with revenues representing the margin earned. Our determination is based on our evaluation of whether we control the specified goods or services prior to transferring them to the customer. When deciding the most appropriate basis for presenting revenues or costs of revenues, both the legal form and substance of the agreement between us and our business partners are reviewed to determine each party’s respective role in the transaction. For all of our offerings, aside from print textbooks and eTextbooks which are no longer provided, we control our services and recognize revenues and cost of revenues on a gross basis.

Contract receivables are presented as accounts receivable, net on our consolidated balance sheets and represent unconditional consideration that will be received solely due to the passage of time. Contract assets are contained within other current assets and other assets on our consolidated balance sheets and represent the goods or services that we have transferred to a customer before invoicing the customer and primarily consist of the income sharing payment arrangements we offer to students for our workforce skilling programs. Contract liabilities are presented as deferred revenue on our consolidated balance sheets and primarily consists of advanced payments from learners related to subscription performance obligations that have not been satisfied and estimated variable consideration. Deferred revenue related to subscription performance obligations is recognized as revenues ratably over the term for subscriptions or when the services are provided, and all other revenue recognition criteria have been met. Deferred revenue related to variable consideration is recognized as revenues during each reporting period based on the estimated amount we believe we will earn over the life of the contract. Deferred contract costs are contained within other current assets on our consolidated balance sheets and are recognized if we expect to receive a future benefit from such costs. Deferred contract cost amortization expense is recognized consistent with the pattern of revenue recognition as cost of revenues on our consolidated statements of operations.

Cost of Revenues

Cost of revenues consists primarily of expenses associated with the delivery and distribution of our products and services including content amortization expense, web hosting fees, customer support fees, payment processing costs, amortization of acquired intangible assets, employee-related expenses, which includes salaries, benefits and share-based compensation expense, contractor costs, and other direct costs related to providing content or services. In addition, cost of revenues includes allocated information technology and facilities costs.
Research and Development Expense

Research and development expenses consist of employee-related expenses, which includes salaries, benefits, and share-based compensation expense for employees on our product, engineering, and technical teams who are responsible for maintaining our website, developing new products, and improving existing products. Research and development expenses also include technology costs to support our research and development, web hosting fees, contractor costs, and outside services. We expense substantially all of our research and development expenses as they are incurred.

Paid Marketing Expense

Paid marketing expense is expensed as incurred and consist primarily of online advertising and marketing promotional expenditures. During the years ended December 31, 2025, 2024, and 2023, paid marketing expense was $33.3 million, $55.4 million, and $57.4 million, respectively.

Share-based Compensation Expense

Share-based compensation expense for restricted stock units (RSUs), performance-based restricted stock units (PSUs) with either a market-based condition or financial and strategic performance targets, and employee stock purchase plan (ESPP) is accounted for under the fair value method based on the grant-date fair value of the award. Share-based compensation expense for RSUs and PSUs with financial and strategic performance targets is measured based on the closing fair market value of our common stock, PSUs with a market-based condition are estimated using a Monte Carlo simulation model, and ESPP is estimated using the Black-Scholes-Merton option pricing model. We recognize share-based compensation expense on a straight-line basis for RSUs and ESPP and on a graded basis for PSUs. Share-based compensation expense is reduced by estimated forfeitures, which are estimated at the time of the grant and revised, if necessary, in subsequent periods if actual forfeitures differ from those estimates. Vesting for all awards is subject to continued service over the requisite service period, which is generally the vesting period. Vesting of PSUs with a market-based condition is also subject to the achievement of certain per share price of our common stock targets and vesting of PSUs with financial and strategic performance targets is also subject to our achievement of specified financial and strategic performance targets. RSUs and PSUs are converted into shares of our common stock upon vesting on a one-for-one basis. RSUs typically vest over one or three years, while PSUs with a market-based condition or financial and strategic performance targets typically vest over a three-year period. Share-based compensation expense for PSUs with a market-based condition is recognized regardless of whether the market condition is satisfied whereas share-based compensation expense for PSUs with financial performance targets is recognized upon estimated or actual achievement of such targets. We assess the achievement of financial and strategic performance targets on a quarterly basis and adjust our share-based compensation expense as appropriate.

Income Taxes

We account for income taxes under an asset and liability method whereby deferred tax asset and liability account balances are determined based on differences between the financial reporting and the tax basis of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. Valuation allowances are established, when necessary, to reduce deferred tax assets to an amount that is more likely than not to be realized. We record uncertain tax positions on the basis of a two-step process in which (1) we determine whether it is more likely than not that the tax positions will be sustained on the basis of technical merits of the position and (2) for those tax positions that meet the more likely than not recognition threshold, we recognize the tax benefit as the largest amount that is cumulative more than 50% likely to be realized upon ultimate settlement with the related tax authority. Our policy is to include interest and penalties related to unrecognized tax benefits as a component of income tax expense.

Net (Loss) Income Per Share

Basic net (loss) income per share is computed by dividing net (loss) income by the weighted-average number of shares of common stock outstanding during the period. Diluted net (loss) income per share is computed by adjusting net (loss) income for all related convertible senior notes activity, net of tax, and adjusting the weighted-average number of shares of common stock outstanding for all potential shares of common stock, including stock options, PSUs, RSUs, and shares related to convertible senior notes, to the extent dilutive. This assumes that all stock options and dilutive convertible shares were exercised or converted and is computed by applying the treasury stock method for outstanding stock options, PSUs, and RSUs, and the if-converted method for outstanding convertible senior notes. Under the treasury stock method, options, PSUs, and RSUs are assumed to be exercised or vested at the beginning of the period or at the time of issuance, if later, and as if funds obtained thereby were used to purchase common stock at the average market price during the period. Under the if-converted method,
outstanding convertible senior notes are assumed to be converted into common stock at the beginning of the period or at the time of issuance, if later.

Foreign Currency Translation and Remeasurement

The functional currency of our foreign subsidiaries is the local currency, and our reporting currency is the U.S. Dollar. Adjustments resulting from the translation of foreign currencies into U.S. Dollars for balance sheet amounts are based on the exchange rates as of the consolidated balance sheet date. Revenues and expenses are translated at average exchange rates during the period. Foreign currency translation gains or losses are included in accumulated other comprehensive loss as a component of stockholders’ equity and on the consolidated balance sheets. Gains or losses resulting from the remeasurement of foreign currency transactions, which are denominated in currencies other than the functional currency, are included in general and administrative expense on the consolidated statements of operations. During the year ended December 31, 2025, net losses from remeasurement of foreign currency transactions were $1.4 million. During the years ended December 31, 2024 and 2023, the gains and losses from remeasurement of foreign currency transactions were not material.

Recent Accounting Pronouncements

Recently Issued Accounting Pronouncements Not Yet Adopted

In December 2025, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2025-12, Codification Improvements. ASU 2025-12 makes incremental improvements to the Accounting Standards Codification (ASC) and U.S. GAAP. Early adoption is permitted and the guidance may be applied either prospectively or retrospectively to the beginning of the earliest comparative period presented. The guidance is effective for annual reporting periods beginning after December 15, 2026 and interim reporting periods within those annual periods. We did not early adopt ASU 2025-12 and we are currently in the process of evaluating the impact of this guidance.

In December 2025, the FASB issued ASU 2025-11, Interim Reporting - Narrow Scope Improvements. ASU 2025-11 improves the guidance in ASC 270, Interim Reporting, by improving the navigability of the required interim disclosures and clarifying when that guidance is applicable. Early adoption is permitted and the guidance may be applied either prospectively or retrospectively to any or all prior periods presented in the financial statements. The guidance is effective for interim reporting periods within annual reporting periods beginning after December 15, 2027. We did not early adopt ASU 2025-11 and we are currently in the process of evaluating the impact of this guidance.

In September 2025, the FASB issued ASU 2025-06, Intangibles—Goodwill and Other—Internal-Use Software. ASU 2025-06 modernizes the accounting for software costs that are accounted for under ASC 350-40 and 350-50 by removing references to prescriptive and sequential software development stages and requiring capitalization of software costs to begin when management has authorized and committed to funding the project and it is probable that the project will be completed and used as intended. Early adoption is permitted and the guidance may be applied on either a prospective, retrospective or modified basis. The guidance is effective for annual periods beginning after December 15, 2027 and interim periods within those annual periods. We did not early adopt ASU 2025-06 and we are currently in the process of evaluating the impact of this guidance.

In July 2025, the FASB issued ASU 2025-05, Financial Instruments—Credit Losses. ASU 2025-05 introduces a practical expedient related to applying ASC 326-20 to current accounts receivable and contract assets. Early adoption is permitted, and the guidance will be applied on a prospective basis. The guidance is effective for annual periods beginning after December 15, 2025 and interim periods within those annual periods. We did not early adopt ASU 2025-05 and do not believe its adoption will significantly impact our consolidated financial statements.

In November 2024, the FASB issued ASU 2024-04, Debt—Debt with Conversion and Other Options. ASU 2024-04 improves the relevance and consistency in application of the induced conversion guidance requirements in ASC 470-20—Debt. Early adoption is permitted, and the guidance can be applied on either a prospective or retrospective basis. The guidance is effective for annual periods beginning after December 15, 2025 and interim periods within those annual periods. We did not early adopt ASU 2024-04 and do not believe its adoption will significantly impact our consolidated financial statements.

In November 2024, the FASB issued ASU 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures. ASU 2024-03 requires disclosure of specified information about certain costs and expenses in the notes to financial statements. Early adoption is permitted, and the guidance will be applied prospectively with the option to apply retrospectively. The guidance is effective for annual periods beginning after December 15, 2026 and interim periods
beginning after December 15, 2027. We did not early adopt ASU 2024-03 and we are currently in the process of evaluating the impact of this guidance.

Recently Adopted Accounting Pronouncements

In March 2024, the FASB issued ASU 2024-02, Codification Improvements—Amendments to Remove References to the Concepts Statements. ASU 2024-02 removes various references to the FASB’s Concepts Statements from the FASB’s ASC. Early adoption is permitted, and the guidance will be applied prospectively with the option to apply retrospectively. The guidance is effective for annual periods beginning after December 15, 2024. We adopted ASU 2024-02 on January 1, 2025 under the prospective method and there was not a significant impact on our financial statements.

In December 2023, the FASB issued ASU 2023-09, Improvements to Income Tax Disclosures. ASU 2023-09 requires disaggregated information about our effective tax rate reconciliation as well as information on income taxes paid that meet a quantitative threshold. Early adoption is permitted, and the guidance will be applied prospectively with the option to apply retrospectively. The guidance is effective for annual periods beginning after December 15, 2024. We adopted ASU 2023-09 on January 1, 2025 under the prospective method and the adoption of this guidance did not have an effect on our financial position, results of operations or cash flows as the adoption only resulted in additional disclosures. For further information on the additional disclosures refer to “Note 14. Income Taxes”.
v3.25.4
Revenues
12 Months Ended
Dec. 31, 2025
Revenue from Contract with Customer [Abstract]  
Revenues Revenues
Revenue Recognition

We have changed our revenue disaggregation from Subscription Services and Skills and Other to Chegg Skilling and Academic Services to better reflect the nature of revenue and cash flows. The following table presents our total net revenues for the periods shown disaggregated for our Chegg Skilling and Academic Services product lines (in thousands, except percentages):

 Years Ended December 31,
Change in 2025
Change in 2024
 202520242023$%$%
Chegg Skilling$68,654 $73,959 $76,812 $(5,305)(7)%$(2,853)(4)%
Academic Services308,254 543,615 639,483 (235,361)(43)(95,868)(15)
Total net revenues$376,908 $617,574 $716,295 $(240,666)(39)$(98,721)(14)

During the years ended December 31, 2025, 2024, and 2023, we recognized revenues of $39.2 million, $53.5 million, and $54.5 million, respectively, that were included in our deferred revenue balance at the beginning of each respective fiscal year. During the years ended December 31, 2025, 2024, and 2023, we recognized revenues from performance obligations satisfied in previous periods of an immaterial amount, $2.8 million, and an immaterial amount, respectively. As of December 31, 2025 and 2024, the closing balance of deferred contract costs was $3.1 million and $2.8 million, respectively, and during the years ended December 31, 2025, 2024, and 2023, we recognized deferred contract cost amortization of $14.3 million, $16.1 million, and $15.8 million, respectively.

Contract Balances

The following table presents our accounts receivable, net, contract assets, and deferred revenue balances (in thousands, except percentages):
 December 31,Change
 20252024$%
Accounts receivable, net$15,604 $23,641 $(8,037)(34)%
Contract assets6,536 7,027 (491)(7)
Deferred revenue29,675 39,217 (9,542)(24)
During the year ended December 31, 2025, our accounts receivable, net balance decreased by $8.0 million, or 34%, primarily due to lower bookings and higher cash collections. During the year ended December 31, 2025, our contract assets balance decreased by $0.5 million or 7%, primarily due to cash collections. During the year ended December 31, 2025, our deferred revenue balance decreased by $9.5 million, or 24%, primarily due to lower bookings.
v3.25.4
Net (Loss) Income Per Share
12 Months Ended
Dec. 31, 2025
Earnings Per Share [Abstract]  
Net (Loss) Income Per Share Net (Loss) Income Per Share
The following table presents the computation of basic and diluted net (loss) income per share (in thousands, except per share amounts):
Years Ended December 31,
202520242023
Basic
Numerator:
Net (loss) income$(103,421)$(837,068)$18,180 
Denominator:
Weighted average shares used to compute net (loss) income per share, basic
107,484 103,300 116,504 
Net (loss) income per share, basic
$(0.96)$(8.10)$0.16 
Diluted
Numerator:
Net (loss) income$(103,421)$(837,068)$18,180 
Convertible senior notes activity, net of tax
— — (61,694)
Net loss, diluted
$(103,421)$(837,068)$(43,514)
Denominator:
Weighted average shares used to compute net (loss) income per share, basic
107,484 103,300 116,504 
Shares related to convertible senior notes— — 12,065 
Weighted average shares used to compute net loss per share, diluted107,484 103,300 128,569 
Net loss per share, diluted
$(0.96)$(8.10)$(0.34)

The following table presents potential weighted-average shares of common stock outstanding that were excluded from the computation of diluted net loss per share because including them would have been anti-dilutive (in thousands):
Years Ended December 31,
202520242023
Shares related to stock plan activity3,786 7,206 8,442 
Shares related to convertible senior notes2,069 9,234 — 
Total common stock equivalents5,855 16,440 8,442 
v3.25.4
Cash and Cash Equivalents, and Investments and Fair Value Measurements
12 Months Ended
Dec. 31, 2025
Cash and Cash Equivalents [Abstract]  
Cash and Cash Equivalents, and Investments and Fair Value Measurements Cash and Cash Equivalents, and Investments and Fair Value Measurements
The following tables present our cash and cash equivalents, and investments’ fair value level classification, adjusted cost, unrealized gain, unrealized loss and fair value (in thousands):
 December 31, 2025
 Fair Value LevelAdjusted CostUnrealized GainUnrealized LossFair Value
Cash and cash equivalents:   
Cash$16,942 $— $— $16,942 
Money market fundsLevel 114,204 — — 14,204 
Total cash and cash equivalents$31,146 $— $— $31,146 
Short-term investments:   
Corporate debt securitiesLevel 2$41,549 $125 $— $41,674 
Long-term investments:
Corporate debt securitiesLevel 2$12,290 $102 $— $12,392 

 December 31, 2024
 Fair Value LevelAdjusted CostUnrealized GainUnrealized LossFair Value
Cash and cash equivalents:   
Cash$28,716 $— $— $28,716 
Money market fundsLevel 1132,759 — — 132,759 
Total cash and cash equivalents$161,475 $— $— $161,475 
Short-term investments:   
Corporate debt securitiesLevel 2$113,968 $157 $(29)$114,096 
U.S. treasury securitiesLevel 140,162 — (9)40,153 
Total short-term investments$154,130 $157 $(38)$154,249 
Long-term investments:
Corporate debt securitiesLevel 2$133,516 $736 $(78)$134,174 
U.S. treasury securitiesLevel 178,405 97 (26)78,476 
Total long-term investments$211,921 $833 $(104)$212,650 

During the years ended December 31, 2025, 2024 and 2023, we did not recognize any losses on our investments due to credit related factors.

The following table presents the realized gain and loss related to the sale of our investments (in thousands):
 Years Ended December 31,
 202520242023
Realized gain$813 $16 $346 
Realized loss(61)(43)(2,452)
Total realized gain (loss)$752 $(27)$(2,106)
The following table presents our cash equivalents and investments' adjusted cost and fair value by contractual maturity (in thousands):
December 31, 2025
 Adjusted CostFair Value
Due within one year$41,549 $41,674 
Due after one year through three years12,290 12,392 
Investments not due at a single maturity date14,204 14,204 
Total$68,043 $68,270 

Investments not due at a single maturity date in the preceding table consisted of money market funds.

Equity Investment

In July 2022, we completed an equity investment of $6.0 million in Knack Technologies, Inc. (Knack), a privately held U.S. based peer-to-peer tutoring platform for higher education institutions. We do not have the ability to exercise significant influence over Knack's operating and financial policies and have elected to account for our investment at cost as it does not have a readily determinable fair value. During the year ended December 31, 2025, we recorded a $6.0 million impairment charge on our investment in Knack included within general and administrative expense on our consolidated statements of operations. Our impairment assessment was the result of changes in our rights as an investor and uncertainty around Knack's ability to support their future operations.

Financial Instruments Not Recorded at Fair Value on a Recurring Basis

We report our financial instruments at fair value with the exception of the 2026 notes. The estimated fair value was determined based on the trading price as of the last day of trading for the period and we consider it to be a Level 2 measurement due to the limited trading activity. The estimated fair value of the 2026 notes as of December 31, 2025 and 2024 was $45.0 million and $105.8 million, respectively. For further information on the 2026 notes refer to "Note 8. Convertible Senior Notes.”
v3.25.4
Property and Equipment, Net
12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net Property and Equipment, Net
The following table presents our property and equipment, net balances (in thousands):
December 31,
20252024
Content$351,416 $381,629 
Internal-use software and website development42,677 67,612 
Leasehold improvements2,827 8,207 
Furniture and fixtures1,127 3,346 
Computer and equipment1,949 2,953 
Property and equipment399,996 463,747 
Less accumulated depreciation(284,828)(293,099)
Property and equipment, net$115,168 $170,648 

Depreciation expense during the years ended December 31, 2025, 2024, and 2023 was $74.3 million, $68.3 million, and $105.3 million, respectively.

During the year ended December 31, 2025, we streamlined our product experiences. As a result, we elected to abandon certain content and internal-use software assets and recorded charges of $18.2 million, consisting of $16.2 million of accelerated depreciation expense classified as cost of revenues on our consolidated statements of operations and $2.0 million of impairment of in-progress internal-use software assets classified as impairment expense on our consolidated statements of operations.
v3.25.4
Goodwill and Intangible Assets
12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
Goodwill

The following table presents the changes in the carrying amount of our goodwill balance (in thousands):
 December 31,
2024
Beginning balance$631,995 
Impairment expense(635,391)
Foreign currency translation adjustment3,396 
Ending balance$— 

As of December 31, 2024, the carrying amount of goodwill was fully impaired. In September 2024 and June 2024, in consideration of the sustained decline in our stock price, industry developments, and our financial performance, we evaluated our current operating performance. Accordingly, we determined that there were indicators of impairment and a quantitative assessment was necessary. In the quantitative assessment, we estimated the fair value of our reporting unit utilizing an income approach, based on the present value of future discounted cash flows, which is classified as Level 3 in the fair value hierarchy. Significant estimates used to determine fair value include the weighted average cost of capital, growth rates, and amount and timing of expected future cash flows. As a result of the quantitative assessment, we determined that goodwill was impaired as the fair value of our reporting unit was less than the carrying value. As such, during the year ended December 31, 2024, we recorded impairment expense of $635.4 million equal to the excess of the carrying value of our reporting unit over the estimated fair value, limited to the remaining balance of goodwill, which was classified as impairment expense on our consolidated statements of operations.

Intangible Assets

The following table presents our intangible assets balances (in thousands, except weighted-average amortization period):
 December 31, 2025
Weighted-Average Amortization
Period
(in months)
Gross
Carrying
Amount
Accumulated
Amortization
Accumulated ImpairmentForeign Currency Translation AdjustmentNet Carrying Amount
Developed technologies80$106,703 $(67,335)$(29,369)$(3,958)$6,041 
Content libraries6012,230 (12,230)— — — 
Customer lists3534,190 (32,892)— (1,298)— 
Trade and domain names5216,213 (13,343)(2,493)(377)— 
Total intangible assets67$169,336 $(125,800)$(31,862)$(5,633)$6,041 
 
 December 31, 2024
 Weighted-Average Amortization
Period
(in months)
Gross
Carrying
Amount
Accumulated
Amortization
Accumulated ImpairmentForeign Currency Translation AdjustmentNet
Carrying
Amount
Developed technologies80$106,703 $(63,029)$(29,369)$(3,958)$10,347 
Content libraries6012,230 (12,230)— — — 
Customer lists3534,190 (32,892)— (1,298)— 
Trade and domain names5216,213 (13,343)(2,493)(377)— 
Total intangible assets67$169,336 $(121,494)$(31,862)$(5,633)$10,347 

During the years ended December 31, 2025, 2024 and 2023, intangible assets amortization expense was $4.3 million, $10.0 million and $24.4 million, respectively.

In conjunction with our goodwill impairment analysis in June 2024, we determined that there were indicators of impairment for our Busuu intangible assets and a recoverability test was necessary. In the recoverability test, we determined
that the expected future undiscounted cash flows for the asset group were not sufficient to recover the carrying value. We then proceeded in estimating the fair value of the asset group utilizing the income approach, based on a present value of future discounted cash flows, which is classified as Level 3 in the fair value hierarchy. Significant estimates used to determine fair value include the growth rates and amount and timing of expected future cash flows. As a result of the impairment test, we determined the asset group was impaired and recorded a $31.9 million impairment expense related to the intangible assets during the year ended December 31, 2024, which was classified as impairment expense on our consolidated statements of operations.

The following table presents the estimated future intangible assets amortization expense (in thousands):
December 31, 2025
20263,831 
20271,776 
2028407 
202927 
Total$6,041 
v3.25.4
Convertible Senior Notes
12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
Convertible Senior Notes Convertible Senior Notes
In August 2020, we issued $1.0 billion in aggregate principal amount of 0% convertible senior notes due in 2026 (2026 notes). The 2026 notes bear no interest and will mature on September 1, 2026, unless repurchased, redeemed or converted in accordance with their terms prior to such date. As of December 31, 2025, the total principal amount of 2026 notes outstanding was $53.9 million and 9,297,800 shares remained underlying the 2026 notes.

In March/April 2019, we issued $800 million in aggregate principal amount of 0.125% convertible senior notes due in 2025 (2025 notes). The 2025 notes matured on March 15, 2025 and we paid $358.9 million to repay the outstanding 2025 notes which was classified as a financing activity on our consolidated statements of cash flows.

Each $1,000 principal amount of the 2026 notes will initially be convertible into 9.2978 shares of our common stock. This is equivalent to an initial conversion price of approximately $107.55 per share, which is subject to adjustment in certain circumstances. Prior to the close of business on the business day immediately preceding June 1, 2026 for the 2026 notes, the notes are convertible at the option of holders only upon satisfaction of certain circumstances. As of December 31, 2025, the circumstances allowing holders of the 2026 notes to convert were not met. On or after June 1, 2026 until the close of business on the second scheduled trading day immediately preceding the maturity dates, holders may convert their notes at any time, regardless of the circumstances. Upon conversion, the notes may be settled in shares of our common stock, cash or a combination of cash and shares of our common stock, at our election. As of December 31, 2025, the 2026 notes were classified as a current liability on our consolidated balance sheets as they will be convertible at the option of the holders at any time beginning June 1, 2026 and will mature on September 1, 2026, both of which are within the next twelve months.

In December 2025, in connection with our securities repurchase program, we extinguished $8.9 million aggregate principal amount of the 2026 notes in privately-negotiated transactions for a total consideration of $8.3 million, which was paid to the holders in cash. We also incurred an immaterial amount of fees resulting in a total reacquisition price of $8.4 million. The carrying amount of the extinguished notes was $8.8 million resulting in a $0.5 million gain on early extinguishment of debt. We elected to reacquire and not cancel the extinguished 2026 notes and left the associated capped call transactions outstanding.

In March 2025, in connection with our securities repurchase program, we extinguished $65.2 million aggregate principal amount of the 2026 notes in privately-negotiated transactions for a total consideration of $57.4 million, which was paid to the holders in cash. We also incurred approximately $0.2 million in fees resulting in a total reacquisition price of $57.6 million. The carrying amount of the extinguished notes was $64.9 million resulting in a $7.4 million gain on early extinguishment of debt. We elected to reacquire and not cancel the extinguished 2026 notes and left the associated capped call transactions outstanding.
The following table presents the net carrying amount of the notes (in thousands):
December 31, 2025December 31, 2024
2026 Notes2025 Notes2026 Notes2025 Notes
Principal amount$53,860 $— $127,906 $358,914 
Unamortized issuance costs(95)— (562)(309)
Net carrying amount$53,765 $— $127,344 $358,605 
    
The following table presents the total interest expense recognized related to the notes (in thousands):
Years Ended December 31,
202520242023
2026 notes:
Contractual interest expense
$— $— $— 
Amortization of issuance costs192 620 1,035 
Total 2026 notes interest expense$192 $620 $1,035 
2025 notes:
Contractual interest expense$90 $443 $621 
Amortization of issuance costs308 1,527 2,121 
Total 2025 notes interest expense$398 $1,970 $2,742 

Capped Call Transactions

Concurrently with the offering of the 2026 notes, we used $103.4 million of the net proceeds to enter into privately negotiated capped call transactions which are expected to reduce or offset potential dilution to holders of our common stock upon conversion of the notes or offset the potential cash payments we would be required to make in excess of the principal amount of any converted notes. The capped call transactions automatically exercise upon conversion of the notes and as of December 31, 2025, cover 9,297,800 shares of our common stock for the 2026 notes. These are intended to effectively increase the overall conversion price from $107.55 to $156.44 per share for the 2026 notes. The effective increase in conversion price as a result of the capped call transactions serves to reduce potential dilution to holders of our common stock and/or offset the cash payments we are required to make in excess of the principal amount of any converted notes. As these transactions meet certain accounting criteria, they are recorded in stockholders’ equity as a reduction of additional paid-in capital on our consolidated balance sheets and are not accounted for as derivatives. The fair value of the capped call instrument is not remeasured each reporting period. The cost of the capped call is not expected to be deductible for tax purposes.
v3.25.4
Leases
12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Leases Leases
Our operating lease commitments are related to our corporate offices. As of December 31, 2025 and 2024, we had operating lease ROU assets of $13.2 million and $22.3 million, respectively, and operating lease liabilities of $19.5 million and $24.1 million, respectively. As of December 31, 2025 and 2024, our weighted average remaining lease term in years was 5.9 and 6.3, respectively, and our weighted average discount rate was 6.0% and 5.6%, respectively.

In connection with the May 2025 and October 2025 restructuring plans, we announced the closure of our Santa Clara and Portland offices. As a result, during the year ended December 31, 2025, we recorded a full impairment of $7.3 million, consisting of $6.4 million impairment of ROU assets and $0.9 million impairment of leasehold improvements, which was classified as general and administrative expense on our consolidated statements of operations. Our intent and ability to sublease the offices as well as the local market conditions were factored in when measuring the amount of impairment. For further information on the May 2025 and October 2025 restructuring plans, see Note 15. Restructuring Charges.”

During the year ended December 31, 2025, we obtained $1.6 million of ROU assets in exchange for lease liabilities primarily due to the commencement of a two year operating lease for a corporate office space in the United Kingdom.

During the years ended December 31, 2025, 2024 and 2023, operating lease expense, net of immaterial sublease income, was $4.9 million, $7.5 million and $7.6 million, respectively. During the years ended December 31, 2025, 2024 and 2023, variable lease cost and short-term lease cost were immaterial.
The following table presents the future minimum lease payments and reconciliation to total operating lease liabilities (in thousands):
December 31, 2025
2026$4,795 
20274,393 
20283,439 
20291,867 
20302,163 
Thereafter5,854 
Total future minimum lease payments22,511 
Less imputed interest(3,027)
Total operating lease liabilities$19,484 
v3.25.4
Commitments and Contingencies
12 Months Ended
Dec. 31, 2025
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Commitments and Contingencies
We may from time to time be involved in certain legal proceedings and regulatory compliance matters in the ordinary course of business, including claims of alleged infringement of trademarks, patents, copyrights, and other intellectual property rights; employment claims; and contractual and related disputes brought through private actions, class actions, administrative proceedings, regulatory actions or other litigation. We may also, from time to time, be involved in various legal or government claims, demands, disputes, investigations, or requests for information. Such matters may include, but not be limited to, claims, disputes, or investigations related to warranty, refund, breach of contract, employment, intellectual property, government regulation, or compliance or other matters.

On March 1, 2023, Plaintiff Shiva Stein, derivatively on behalf of Chegg, filed a stockholder derivative complaint in the Court of Chancery of the State of Delaware (Case No. 2023-0244-NAC) asserting breach of fiduciary duty, unjust enrichment, and waste of corporate asset claims against members of Chegg’s Board and certain Chegg officers. On January 20, 2026, the Court entered an Order dismissing this matter without prejudice pursuant to a stipulation of the parties.

On December 22, 2022, JPMorgan Chase Bank, N.A. (JPMC) asserted a demand for repayment by the Company of certain investment proceeds received by the Company in its capacity as an investor in TAPD, Inc. (more commonly known as “Frank”). JPMC seeks such repayment pursuant to certain provisions in the existing Support Agreement between JPMC and the Company that was entered into in connection with JPMC's acquisition of Frank. JPMC has alleged fraud on the part of certain former Frank executives regarding the quantity and quality of its customer accounts. Although the Company is not alleged to have made or participated in any of the allegedly false or fraudulent statements, it is pursuing resolution with JPMC of JPMC's claims related to the Support Agreement.

On March 30, 2022, Joseph Robinson, derivatively on behalf of Chegg, filed a shareholder derivative complaint against Chegg and certain of its current and former directors and officers in the United States District Court for the Northern District of California, alleging violations of securities laws and breaches of fiduciary duties. On February 22, 2023, Plaintiff filed an Amended Shareholder Derivative Complaint. This matter has been consolidated with Choi, below. Effective March 4, 2026, Chegg entered into a Settlement Agreement with the Plaintiffs (including Robinson and Choi). Pursuant to the Settlement Agreement, Plaintiffs released their claims, and Chegg agreed to certain governance changes and that Chegg or our insurance carrier will pay the fees of Plaintiffs’ counsel. Chegg’s insurance carrier agreed that it will make the payment to Plaintiffs.

On January 12, 2022, Rak Joon Choi, derivatively on behalf of Chegg, filed a shareholder derivative complaint against Chegg and certain of its current and former directors and officers in the United States District Court for the Northern District of California, alleging violations of securities laws, breaches of fiduciary duties, unjust enrichment, abuse of control, gross mismanagement, and waste of corporate assets. On February 22, 2023, Plaintiff filed an Amended Shareholder Derivative Complaint. This matter has been consolidated with Robinson, above. Effective March 4, 2026, Chegg entered into a Settlement Agreement with the Plaintiffs (including Robinson and Choi). Pursuant to the Settlement Agreement, Plaintiffs released their claims, and Chegg agreed to certain governance changes and that Chegg or our insurance carrier will pay the fees of Plaintiffs’ counsel. Chegg’s insurance carrier agreed that it will make the payment to Plaintiffs.

On December 22, 2021, Steven Leventhal, individually and on behalf of all others similarly situated, filed a purported securities fraud class action on behalf of all purchasers of Chegg common stock between May 5, 2020 and November 1, 2021,
inclusive, against Chegg and certain of its current and former officers in the United States District Court for the Northern District of California (Case No. 5:21-cv-09953), alleging that Chegg and several of its officers made materially false and misleading statements in violation of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 as amended (the Exchange Act). On September 7, 2022, KBC Asset Management and The Pompano Beach Police & Firefighters Retirement System were appointed as lead plaintiff in the case. On December 8, 2022, Plaintiff filed his Amended Complaint seeking unspecified compensatory damages, costs, and expenses, including counsel and expert fees. On September 26, 2024, the parties participated in an in-person mediation and reached a settlement in principle to pay $55.0 million wherein the Company denies any and all allegations of fault, liability, wrongdoing, or damages. On November 6, 2024, Plaintiffs filed a motion for preliminary approval of the settlement. The Court held a final approval hearing on April 24, 2025 and issued its final order approving of the settlement on May 21, 2025. The Court entered its Final Judgment and Order of Dismissal on June 20, 2025. This matter was fully concluded with entry of a Court order on November 18, 2025 to disburse final funds. As such, as of December 31, 2025, we have relieved the $55.0 million contingent liability previously included within accrued liabilities on our consolidated balance sheets and expected insurance loss recoveries, previously included within other current assets on our consolidated balance sheets.

We also cooperated with the FTC with respect to another CID (the "ROSCA CID") relating to our compliance with the Federal Trade Commission Act and the ROSCA. The investigation concerned certain of our practices related to online transactions and consumer cancellation options. On September 28, 2025 a federal district court entered a settlement agreement between us and the FTC in connection with the ROSCA CID that contains injunctive provisions and a monetary component of $7.5 million, which we have paid. The Court entered its Order approving the parties Stipulated Order for Permanent Injunction, Monetary Judgment, and Other Relief on September 18, 2025 and resolving the matter. As such, we recognized a loss contingency of $7.5 million within general and administrative expense on our consolidated statements of operations during the year ended December 31, 2025.

We record a contingent liability for loss contingencies related to legal matters when a loss is both probable and reasonably estimable. Additionally, we record an insurance loss recovery up to the recognized loss contingency when realization is probable. Related to the above matters, as of December 31, 2025, the net impact of contingent liabilities less the related insurance loss recovery is $7.0 million. For those matters upon which we have sufficient insurance coverage, we have recorded contingent liabilities within accrued liabilities and the loss recovery from insurance within other current assets on our consolidated balance sheets. We are not aware of any other pending legal matters or claims, individually or in the aggregate, which are expected to have a material adverse impact on our consolidated financial position, results of operations, or cash flows. Our analysis of whether a claim will proceed to litigation cannot be predicted with certainty, nor can the results of litigation be predicted with certainty. Nevertheless, defending any of these actions, regardless of the outcome, may be costly, time consuming, distract management personnel and have a negative effect on our business. In the ordinary course of business and for certain of the above matters, we are actively pursuing all avenues and strategies to resolve these matters, including available legal remedies, remediation and settlement negotiations with the parties. An adverse outcome in any of these actions, including a judgment or settlement, may cause a material adverse effect on our future business, operating results or financial condition.
v3.25.4
Guarantees and Indemnifications
12 Months Ended
Dec. 31, 2025
Guarantees And Indemnifications [Abstract]  
Guarantees and Indemnifications Guarantees and Indemnifications
We have agreed to indemnify our directors and officers for certain events or occurrences, subject to certain limits, while such persons are or were serving at our request in such capacity. We may terminate the indemnification agreements with these persons upon termination of employment, but termination will not affect claims for indemnification related to events occurring prior to the effective date of termination. We have a directors’ and officers’ insurance policy that covers our potential exposure up to the limits of our insurance coverage. In addition, we also have other indemnification agreements with various vendors against certain claims, liabilities, losses, and damages. The maximum amount of potential future indemnification is unlimited.

We believe the fair value of these indemnification agreements is immaterial. We have not recorded any liabilities for these agreements as of December 31, 2025 and 2024.
v3.25.4
Common Stock
12 Months Ended
Dec. 31, 2025
Equity [Abstract]  
Equity Common Stock
We are authorized to issue 400 million shares of our common stock, with a par value per share of $0.001. The following table presents the shares of our common stock we have reserved for future issuance:
December 31, 2025
Outstanding RSUs and PSUs10,041,008 
Shares available for grant under the Amended 2023 Equity Incentive Plan6,606,932 
Shares available for issuance under the Amended and Restated 2013 Employee Stock Purchase Plan2,195,773 
Shares available for grant under the 2023 Equity Inducement Plan1,575,489 
Outstanding stock options58,175 
Total common shares reserved for future issuance20,477,377 

Stock Plans

Amended 2023 Equity Incentive Plan

On April 7, 2023, our Board adopted our 2023 Equity Incentive Plan (the “2023 EIP”), which was subsequently approved by our stockholders and became effective on June 7, 2023, replacing our 2013 Equity Incentive Plan (the “2013 Plan”). On the effective date of the 2023 EIP, 12,000,000 shares of our common stock were reserved for issuance. On June 6, 2023, the date on which the 2013 Plan expired, all remaining shares available for grant under the 2013 Plan were cancelled, and we will not make any additional grants under the 2013 Plan. In addition, any shares subject to awards, including shares subject to awards granted under the 2013 Plan that were outstanding on June 7, 2023, that are cancelled, forfeited, repurchased, expire by their terms without shares being issued, are used to pay the exercise price of an option or stock appreciation right or withheld to satisfy the tax withholding obligations related to any award, will be returned to the pool of shares available for grant and issuance under the 2023 EIP. On April 17, 2025, our Board adopted an amendment to the 2023 EIP, which was subsequently approved by our stockholders and became effective on June 4, 2025. The amendment to the 2023 EIP increased our common stock reserved for issuance under the Plan by 5,000,000 shares. The 2023 EIP permits the granting of incentive stock options, non-qualified stock options, RSUs, restricted stock awards, stock bonus awards, stock appreciation rights and performance awards. The 2023 EIP terminates on April 7, 2033. As of December 31, 2025, there were 6,606,932 shares available for grant under the 2023 EIP.

Amended and Restated 2013 Employee Stock Purchase Plan

On April 7, 2023, our Board adopted our Amended and Restated 2013 Employee Stock Purchase Plan (the “A&R ESPP”), which was subsequently approved by our stockholders and became effective on June 7, 2023. The A&R ESPP permits eligible employees to purchase shares of our common stock by accumulating funds through periodic payroll deductions. The A&R ESPP is intended to qualify as an "employee stock purchase plan" under Section 423 of the Code. Under the A&R ESPP, eligible employees will be granted an option to purchase shares of our common stock at a 15% discount to the lesser of the fair market value of our common stock on (i) the first trading day of the applicable offering period or (ii) the last day of each purchase period in the applicable offering period. The Compensation Committee of our Board shall determine the duration and commencement date of each offering period, provided that an offering period shall in no event be longer than twenty-seven (27) months, except as otherwise provided by an applicable sub-plan. Upon approval of the A&R ESPP, the available share pool under our existing 2013 Employee Stock Purchase Plan was reduced, and we have reserved 4,000,000 shares of our common stock under the A&R ESPP. As of December 31, 2025, there were 2,195,773 shares of common stock available for future issuance under the A&R ESPP.

2023 Equity Inducement Plan

On October 11, 2023, our Board approved and adopted our 2023 Equity Inducement Plan (the “2023 EINP”). On the effective date of the 2023 EINP, 2,000,000 shares of our common stock were reserved for issuance and as of December 31, 2025, there were 1,575,489 shares of common stock available for future issuance. The 2023 EINP permits the granting of non-qualified stock options and restricted stock unit awards. The 2023 EINP terminates on the later of (i) October 11, 2033 or (ii) ten years from the last date that additional shares are added to the EINP by the Compensation Committee of our Board.
v3.25.4
Stockholders' Equity
12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Stockholders' Equity Stockholders' Equity
Share Repurchases

During the year ended December 31, 2025, we had no cash repurchases of our common stock.

During the year ended December 31, 2024, we received a total of 2,115,952 shares of our common stock related to the final delivery of our November 2023 accelerated share repurchase (ASR) agreement, which were retired immediately. The November 2023 ASR settled, and we were not required to make any additional cash payments or delivery of common stock to the financial institution upon settlement.

During the year ended December 31, 2023, we repurchased a total of 26,505,979 shares of our common stock, which included the initial delivery of 13,498,313 shares from our November 2023 ASR, 3,433,157 shares from open market transactions in June 2023, and the total delivery of 9,574,509 shares from our February 2023 ASR, all of which were retired immediately.

Share-based Compensation Expense

The following table presents total share-based compensation expense recorded (in thousands):
 Years Ended December 31,
 202520242023
Cost of revenues$503 $1,786 $2,256 
Research and development6,812 28,044 44,103 
Sales and marketing2,174 7,466 9,524 
General and administrative22,375 47,318 77,619 
Total share-based compensation expense$31,864 $84,614 $133,502 

During the years ended December 31, 2025, 2024 and 2023, we capitalized share-based compensation expense of $1.0 million, $4.9 million, and $3.3 million, respectively, which is included within property and equipment, net on our consolidated balance sheets. As of December 31, 2025, we had a total of approximately $10.6 million of unrecognized share-based compensation expense, related to unvested RSUs and PSUs, that is expected to be recognized over the remaining weighted average period of 1.44.

PSUs with Financial and Strategic Performance Targets

In June 2024 and March 2023 we granted PSUs to certain executives. The PSUs entitle the executives to receive a certain number of shares of our common stock based on our satisfaction of certain financial and strategic performance targets. Based on the achievement of the performance conditions for the June 2024 and March 2023 PSUs, the final settlement partially met the target threshold, based on a specified objective formula approved by the Compensation Committee of the Board. The June 2024 and March 2023 PSUs vest over either a one-year or three-year period. During the years ended December 31, 2024 and 2023, the number of shares underlying the June 2024 and March 2023 PSUs totaled 693,750 and 565,341, respectively, and each had a grant date fair value per share of $3.61 and $15.89, respectively.
2025 PSUs with Market-Based Conditions

In November 2025, we granted PSUs with market-based conditions to our CEO and CFO. The number of PSUs granted totaled 4,350,000 shares and had a weighted average grant date fair value of $0.62 per share. There are four tranches for the PSUs with 1,087,500 shares underlying each tranche. Each tranche requires the volume-weighted average per share price of our common stock for a period of 60 consecutive trading days to reach $1.88, $2.19, $2.50 or $2.81, respectively, for achievement. No payout will be made for performance below the first performance goal of $1.88. These PSUs have a performance period of three years and will vest based on achievement of the performance goals underlying each tranche with the initial vesting to occur in April 2027 for any of the tranches achieved at that date and final vesting occurring in October 2028 for any of the tranches not previously achieved, subject to continued service over the requisite period. As of December 31, 2025, the market-based conditions have not been met.

Fair Value of 2025 PSUs with Market-Based Conditions

We estimate the fair value of the PSUs using a Monte Carlo simulation approach, which utilizes the fair value of our common stock based on an active market and requires input on the following subjective assumptions:

Expected Term. The expected term is from the grant date to the end of the performance period.
Expected Volatility. The expected volatility is based on the historical average volatility of our stock price over the expected term.
Expected Dividends. The dividend assumption is based on our historical experience. To date we have not paid any dividends on our common stock.
Risk-Free Interest Rate. The risk-free interest rate used in the valuation method is the implied yield on the U.S. treasury zero-coupon issues, with a remaining term equal to the expected term.

The following table presents the key assumptions used to determine the fair value of the awards:

Expected term (years)2.95
Expected volatility80.62 %
Expected dividends— %
Risk-free interest rate3.57 %
Weighted-average grant-date fair value per share$0.62 

Fair Value of ESPP

Under the ESPP, rights to purchase shares are granted during the second and fourth quarter of each year. We estimate the fair value of each right to purchase shares using the Black-Scholes-Merton option-pricing model, which utilizes the fair value of our common stock based on active market and requires input on the following subjective assumptions:

Expected Term. The expected term for rights to purchase shares is six months.
Expected Volatility. The expected volatility is based on the average volatility of our stock price over the expected term.
Expected Dividends. The dividend assumption is based on our historical experience. To date we have not paid any dividends on our common stock.
Risk-Free Interest Rate. The risk-free interest rate used in the valuation method is the implied yield on the United States treasury zero-coupon issues, with a remaining term equal to the expected term.
The following table presents the key assumptions used to determine the fair value of rights granted under the ESPP:
 Years Ended December 31,
 202520242023
Expected term (years)0.500.500.50
Expected volatility
105.68% - 122.96%
60.95% - 85.39%
55.79% - 109.39%
Dividend yield0.00 %0.00 %0.00 %
Risk-free interest rate
3.81% - 4.29%
4.44% - 5.40%
5.24% - 5.41%
Weighted-average grant-date fair value per share$0.44 $0.90 $3.62 

Stockholder's Equity Activity

RSU and PSU Activity
 Number of RSUs and PSUs OutstandingWeighted Average Grant Date Fair Value
Balance at December 31, 20247,386,965 $10.58 
Granted13,335,528 1.11 
Released(7,931,184)5.47 
Forfeited(2,750,301)12.06 
Balance at December 31, 202510,041,008 $1.56 

The weighted-average grant-date fair value of RSUs and PSUs granted during the years ended December 31, 2025, 2024, and 2023 was $1.11, $4.24, and $14.58, respectively. The total fair value of RSUs and PSUs vested as of the vesting dates during the years ended December 31, 2025, 2024, and 2023 was $7.9 million, $26.1 million, and $45.3 million, respectively.

ESPP Activity

There were 811,545, 859,302 and 454,533 shares purchased during the years ended December 31, 2025, 2024 and 2023, respectively, at an average price per share of $0.72, $3.05 and $8.10, respectively, with cash proceeds from the issuance of shares of $0.6 million, $2.6 million and $3.7 million, respectively. Share-based compensation expense related to ESPP was $0.4 million, $1.5 million, and $2.5 million during the years ended December 31, 2025, 2024 and 2023, respectively.

Stock Option Activity
 
Number of Stock Options Outstanding
Weighted-Average Exercise Price per ShareWeighted-Average Remaining Contractual Term in YearsAggregate Intrinsic Value
Balance at December 31, 2024182,076 $5.74 1.17$— 
Forfeited(123,901)6.09  
Balance at December 31, 202558,175 $5.00 0.42$— 
We did not grant any stock options during the years ended December 31, 2025, 2024, and 2023. There were no stock options exercised during the years ended December 31, 2025 and 2024 and the total intrinsic value of stock options exercised during the year ended December 31, 2023 was $0.2 million
v3.25.4
Income Taxes
12 Months Ended
Dec. 31, 2025
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
During the years ended December 31, 2025, 2024, and 2023, we recorded a provision for income taxes of $3.3 million, $148.7 million, and $32.1 million, respectively. The provision for income taxes during the years ended December 31, 2025, 2024, and 2023 was primarily due to the foreign income taxes, the establishment of a valuation allowance against our United States federal and state deferred tax assets, and the federal and state income taxes in the United States largely driven by shortfall associated with equity compensation, respectively.

The following table presents our provision for income taxes (in thousands):
Years Ended December 31,
202520242023
Current income taxes:
Federal$372 $(234)$(2,460)
State257 (1,128)(3,064)
Foreign(2,560)(4,021)(33)
Total current provision for income taxes(1,931)(5,383)(5,557)
Deferred income taxes:
Federal— (122,057)(26,210)
State— (17,558)(1,634)
Foreign(1,348)(3,704)1,269 
Total deferred provision for income taxes(1,348)(143,319)(26,575)
Total provision for income taxes$(3,279)$(148,702)$(32,132)

The following table presents our (loss) income before provision for income taxes (in thousands):
Years Ended December 31,
202520242023
United States$(91,155)$(297,183)$61,152 
Foreign(8,987)(391,183)(10,840)
Total (loss) income before provision for income taxes$(100,142)$(688,366)$50,312 
We adopted ASU 2023-09 on January 1, 2025 under the prospective method. The following table presents the required disclosures subsequent to our adoption for the differences between our provision for income taxes as presented in the accompanying consolidated statements of operations and the income tax expense computed at the federal statutory rate as a percentage and amount of (loss) income before provision for income taxes (in thousands, except percentages):
Year Ended December 31, 2025
DollarsPercent
U.S. federal statutory tax rate $21,031 21.0 %
State and local income taxes, net of federal income tax effect(1)
304 0.3 
Foreign tax effects
     India
          Withholding tax(1,641)(1.6)
     United Kingdom
          Change in valuation allowance(3,391)(3.4)
          Other(357)(0.4)
     Other foreign jurisdictions(2,083)(2.1)
Effect of changes in tax laws or rates enacted in the current period— — 
Effect of cross-border tax laws
     Foreign branch loss3,934 3.9 
Tax credits— — 
Change in valuation allowance(12,937)(12.9)
Nontaxable or nondeductible Items
     Share-based payment awards(8,414)(8.4)
     Other275 0.3 
Change in unrecognized tax benefits— — 
Other adjustments— — 
     Effective tax rate$(3,279)(3.3)%
_____________________________________________________
(1) State taxes in Texas made up the majority (greater than 50 percent) of the tax effect in this category.
The following table presents the required disclosures prior to our adoption of ASU 2023-09 and presents the differences between our provision for income taxes as presented in the accompanying consolidated statements of operations and the income tax expense computed at the federal statutory rate as a percentage of (loss) income before provision for income taxes (in percentages):
Years Ended December 31,
20242023
Income tax at U.S. statutory rate21.0 %21.0 %
State, net of federal benefit2.9 11.6 
Taxes on foreign earnings1.7 0.7 
Share-based compensation(2.5)39.3 
Non-deductible expenses— (2.5)
Effect of flow-through entities12.5 — 
Goodwill impairment(17.1)— 
Tax credits— 0.8 
Change in valuation allowance(40.1)4.2 
Settlement of unrecognized tax benefits— (8.0)
Foreign-derived intangible income0.1 (5.2)
Other(0.1)2.0 
Total(21.6)%63.9 %

The following table presents the required disclosures subsequent to our adoption of ASU 2023-09 for cash paid for income taxes, net of refunds received, by jurisdiction (in thousands):
Year Ended December 31, 2025
Federal$— 
State95 
Foreign
   India3,201 
   Spain1,317 
   Other foreign jurisdictions(24)
Total cash paid for income taxes, net of refunds$4,589 
The following table presents a summary of our deferred tax assets and liabilities (in thousands):
December 31,
20252024
Deferred tax assets:
Research and experimental expenditures capitalization$82,418 $102,382 
Net operating loss and credits carryforwards112,376 80,413 
Accrued expenses and reserves31,973 25,039 
Share-based compensation455 3,414 
Convertible senior notes161 1,790 
Goodwill81,814 89,583 
Property and equipment and intangible assets26,193 15,947 
Gross deferred tax assets335,390 318,568 
Valuation allowance(325,401)(307,985)
Total deferred tax assets$9,989 $10,583 
Deferred tax liabilities:
Other$(10,235)$(11,396)
Net deferred tax liability$(246)$(812)

Realization of the deferred tax assets is dependent upon future taxable income, the amount and timing of which are uncertain. During the years ended December 31, 2025, 2024, and 2023, the valuation allowance increased by $17.4 million, $267.8 million, and $4.0 million, respectively. We regularly assess the need for a valuation allowance against our deferred tax assets. In performing our assessment, we consider both positive and negative evidence related to the likelihood of realizing our deferred tax assets. During the second quarter of 2024, we determined that it is more likely than not that the deferred tax benefit will not be realized due to the available negative evidence outweighing the positive evidence, primarily resulting from the cumulative loss influenced by the impairment expense recorded.

Our earnings in India continue to not be permanently reinvested and we've recorded cumulative tax liabilities that would be incurred upon repatriation of such earnings of $6.2 million through December 31, 2025. During the years ended December 31, 2025 and 2024, our subsidiary in India distributed $10.8 million and $23.0 million, respectively, to the United States, resulting in a remittance in withholding tax of $1.6 million and $3.5 million, respectively, which was included within cash flows from financing activities on our consolidated statements of cash flows. As of December 31, 2025, the net tax expense accrued related to future repatriation of earnings is $1.1 million. The determination of the future tax consequences of the remittance of these earnings is not practicable. For our remaining foreign subsidiaries, to the extent we can repatriate cash with no significant tax cost, we have determined those earnings are not permanently reinvested. All other earnings have been determined to be permanently reinvested.

As of December 31, 2025, we had net operating loss carryforwards for federal and state income tax purposes of approximately $243 million and $288 million, respectively, which will begin to expire in years beginning 2030 and 2026, respectively. We also had net operating loss carryforwards for United Kingdom income tax purposes of approximately $144 million, which do not expire.

As of December 31, 2025, we had tax credit carryforwards for federal and state income tax purposes of $13.6 million and $18.1 million, respectively. The federal credits expire in various years beginning in 2038. The state credits do not expire.

Utilization of our net operating losses and tax credit carryforwards may be subject to substantial annual limitations due to ownership change limitations provided by the Internal Revenue Code of 1986, as amended (IRC), and similar state provisions. Such annual limitations could result in the expiration of the net operating losses and tax credit carryforwards before utilization.

We recognize interest and penalties related to uncertain tax positions as a component of income tax expense. As of December 31, 2025, there are no accrued interest and penalties related to uncertain tax positions.
We file tax returns in U.S. federal, state, and certain foreign jurisdictions with varying statutes of limitations. Due to net operating loss and credit carryforwards, all of the tax years since inception through tax year 2025 remain subject to examination by the U.S. federal and some state authorities. Foreign jurisdictions remain subject to examination up to approximately five years from the filing date, depending on the jurisdiction. United Kingdom income tax remains subject to examination by the HM Revenue & Custom for all tax years due to net operating loss and credits carryforwards.

The following table presents the reconciliation of the beginning and ending balances of the total amount of unrecognized tax benefits, excluding accrued interest and penalties (in thousands):
Years Ended December 31,
202520242023
Beginning balance$12,708 $12,400 $16,953 
Increase in tax positions for prior years— 13 — 
Decrease in tax positions for prior years(130)— (131)
Decrease in tax positions for prior year settlement— — (4,703)
Increase in tax positions for current year164 295 281 
Ending balance$12,742 $12,708 $12,400 
As of December 31, 2025, the unrecognized tax benefits of $12.7 million would not affect the effective tax rate, if recognized. The actual amount of any taxes due could vary significantly depending on the ultimate timing and nature of any settlement. We believe that the amount by which the unrecognized tax benefits may increase or decrease within the next 12 months is not estimable.
v3.25.4
Restructuring Charges
12 Months Ended
Dec. 31, 2025
Restructuring and Related Activities [Abstract]  
Restructuring Charges Restructuring Charges
October 2025 Restructuring Plan

In October 2025, we announced a workforce reduction that resulted in a management approved restructuring plan. As of December 31, 2025, we recorded $17.9 million of cumulative restructuring charges, primarily related to one-time employee termination benefits, which were classified primarily within operating expenses on our consolidated statements of operations based on employees' job function, and facility exit costs related to the closure of our Santa Clara office, which were classified general and administrative operating expenses on our consolidated statements of operations. The restructuring liability is primarily included within accrued liabilities on our consolidated balance sheets. We estimate we will incur between $2 million and $3 million of additional restructuring charges over the next fiscal quarter and we expect the plan to be substantially completed by the end of fiscal year 2028.

The following table presents a reconciliation of the beginning and ending restructuring liability balance (in thousands):
Year Ended December 31, 2025
One-Time Termination BenefitsFacility Exit CostsTotal
Beginning balance
$— $— $— 
Restructuring charges
16,129 1,742 17,871 
Restructuring payments
(7,931)(48)(7,979)
Ending balance
$8,198 $1,694 $9,892 

May 2025 Restructuring Plan

In May 2025, we announced a workforce reduction that resulted in a management approved restructuring plan. As of December 31, 2025, we recorded $30.2 million of cumulative restructuring charges, primarily related to one-time employee termination benefits, which were classified primarily within operating expenses on our consolidated statement of operations based on employees' job function. The restructuring liability is included within accrued liabilities on our consolidated balance sheets. The total amount of restructuring charges has been recorded and we expect the plan to be substantially completed by the second quarter of the fiscal year 2026.
The following table presents a reconciliation of the beginning and ending restructuring liability balance (in thousands):
Year Ended December 31, 2025
Beginning balance
$— 
Restructuring charges
30,184 
Restructuring payments
(23,921)
Ending balance
$6,263 

November 2024 Restructuring Plan

In November 2024, we announced a workforce reduction that resulted in a management approved restructuring plan. As of December 31, 2025, we recorded $17.1 million of cumulative restructuring charges, primarily related to one-time employee termination benefits, which were classified primarily within operating expenses on our consolidated statement of operations based on employees' job function. The restructuring liability is included within accrued liabilities on our consolidated balance sheets. The total amount of restructuring charges has been recorded and we expect the plan to be substantially completed by the by the first quarter of the fiscal year 2026.

The following table presents a reconciliation of the beginning and ending restructuring liability balance (in thousands):
 Year Ended December 31, 2025
Beginning balance
$3,915 
Restructuring charges
2,458 
Restructuring payments
(6,235)
Ending balance
$138 

June 2024 Restructuring Plan

In June 2024, we announced a workforce reduction that resulted in a management approved restructuring plan. As of December 31, 2025, we recorded $11.0 million of restructuring charges, primarily related to one-time employee termination benefits, which were classified primarily within operating expenses on our consolidated statement of operations based on employees' job function. The restructuring liability is included within accrued liabilities on our consolidated balance sheets. The total amount of restructuring charges has been recorded and we expect the plan to be substantially completed by the end of fiscal year 2026.

The following table presents a reconciliation of the beginning and ending restructuring liability balance (in thousands):
 Year Ended December 31, 2025
Beginning balance
$3,395 
Restructuring charges
1,026 
Restructuring payments
(3,964)
Ending balance
$457 
v3.25.4
Consolidated Balance Sheets Details
12 Months Ended
Dec. 31, 2025
Balance Sheet Details [Abstract]  
Consolidated Balance Sheets Details Consolidated Balance Sheets Details
Other Current Assets

Other current assets consist of the following (in thousands):
December 31,
20252024
Insurance loss recovery$1,190 $55,000 
Restricted cash575 956 
Other15,092 25,138 
Other current assets$16,857 $81,094 

Accrued Liabilities

Accrued liabilities consist of the following (in thousands):
December 31,
20252024
Restructuring liability$15,592 $7,310 
Taxes payable11,331 11,319 
Loss contingency 8,190 62,000 
Current operating lease liabilities4,279 5,625 
Other14,857 29,106 
Accrued liabilities$54,249 $115,360 
v3.25.4
Consolidated Statements of Operations Details
12 Months Ended
Dec. 31, 2025
Other Income and Expenses [Abstract]  
Consolidated Statements of Operations Details Consolidated Statements of Operations Details
The following table presents the details of other income, net (in thousands):
Years Ended December 31,
202520242023
Gain on early extinguishment of debt(1)
$7,838 $19,515 $85,926 
Interest income8,815 28,050 37,411 
Realized gain (loss) on sale of investments(2)
752 (27)(2,106)
Gain on sale of equity investment— 3,783 — 
Other(101)11 579 
Total other income, net
$17,304 $51,332 $121,810 
_____________________________________________________
(1) For further information, see “Note 8. Convertible Senior Notes.”
(2) For further information, see “Note 5. Cash and Cash Equivalents, and Investments and Fair Value Measurements.”
v3.25.4
Employee Benefit Plan
12 Months Ended
Dec. 31, 2025
Retirement Benefits [Abstract]  
Employee Benefit Plan Employee Benefit Plan
We sponsor a 401(k) savings plan for eligible employees and their beneficiaries. Contributions by us are discretionary and participants may contribute, on a pretax basis, a percentage of their annual compensation, not to exceed a maximum contribution amount pursuant to Section 401(k) of the IRC. During the years ended December 31, 2025, 2024, and 2023, matching contributions totaled $2.7 million, $4.6 million and $4.9 million, respectively.
v3.25.4
Segment Information
12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Segment Information Segment Information
Our chief operating decision maker is our Chief Executive Officer who makes resource allocation decisions and reviews financial information presented on a consolidated basis. Accordingly, we have determined that we have a single operating and reportable segment and operating unit structure.

Our chief operating decision maker uses net (loss) income in assessing performance and determining how to allocate resources and is regularly provided with cost of revenues, paid marketing expenses, and consolidated operating expenses when reviewing financial information as part of the annual budgeting and forecasting process as well as the review over quarterly budget to actual variances. Asset information is not regularly provided to our chief operating decision maker.

The following table presents information about our significant segment expenses and includes a reconciliation to net (loss) income (in thousands):
Years Ended December 31,
202520242023
Net revenues$376,908 $617,574 $716,295 
Less:
Cost of revenues152,151 180,927 225,941 
Research and development93,453 170,431 191,705 
Paid marketing expenses(1)
33,275 55,381 57,351 
Other sales and marketing(2)
35,479 52,948 69,240 
General and administrative177,406 217,756 236,183 
Impairment expense2,000 677,239 3,600 
Total segment expenses493,764 1,354,682 784,020 
Other segment items(3)
13,435 (99,960)85,905 
Net (loss) income$(103,421)$(837,068)$18,180 
_____________________________________________________
(1)Paid marketing expenses consist primarily of online advertising and marketing promotional expenditures.
(2)Other sales and marketing primarily consists of employee-related expenses, including share-based compensation expense, and depreciation and amortization expenses.
(3)Other segment items consist of all interest expense, other income, and provision for income taxes.

The following table presents our total net revenues for our Chegg Skilling and Academic Services product lines (in thousands):
Years Ended December 31,
202520242023
Chegg Skilling$68,654 $73,959 $76,812 
Academic Services308,254 543,615 639,483 
Total net revenues$376,908 $617,574 $716,295 

The following table presents our total net revenues by geographic area (in thousands):
Years Ended December 31,
202520242023
United States$320,291 $537,605 $616,359 
International56,617 79,969 99,936 
Total net revenues$376,908 $617,574 $716,295 
The following table presents our long-lived assets by geographic area (in thousands):
December 31,
20252024
United States$106,918 $172,483 
India12,907 16,274 
Other international8,531 4,147 
Total long-lived assets$128,356 $192,904 

v3.25.4
Subsequent Event
12 Months Ended
Dec. 31, 2025
Subsequent Events [Abstract]  
Subsequent Event Subsequent Event
On February 13, 2026, we entered into an individual, privately negotiated repurchase agreement with a holder of our outstanding 2026 notes to repurchase $20.0 million in aggregate principal amount of the 2026 notes for an aggregate cash repurchase price of $19.4 million (the “Notes Repurchase Transaction”). The Notes Repurchase Transaction was entered into in connection with our previously announced securities repurchase program and closed on February 20, 2026. Following the closing, $33.9 million aggregate principal amount of the 2026 notes remain outstanding and $122.4 million remain available under our securities repurchase program. The accounting for the Notes Repurchase Transaction is in process as of the issuance date of our consolidated financial statements and therefore we are unable to make any additional disclosures.
v3.25.4
Schedule II - Valuation and Qualifying Accounts
12 Months Ended
Dec. 31, 2025
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]  
Schedule II - Valuation and Qualifying Accounts Financial Statement Schedules
Schedule II-Valuation and Qualifying Accounts (in thousands):
 Years Ended December 31, 2025, 2024, and 2023
 
Balance at Beginning of Year
(Release) Provision for Bad DebtsNet Write-offs
Balance at End of Year
Accounts receivable allowance    
2025$190 $(3)$(31)$156 
2024376 (99)(87)190 
2023394 58 (76)376 
 Years Ended December 31, 2025, 2024, and 2023
 
Balance at Beginning of Year
Provision for RefundsRefunds Issued
Balance at End of Year
Refund reserve    
2025$495 $9,373 $(9,503)$365 
20241,538 9,831 (10,874)495 
20231,499 9,724 (9,685)1,538 
All other financial statement schedules are omitted because they are not applicable, or the information is included in the Registrant’s consolidated financial statements or related notes.
v3.25.4
Insider Trading Arrangements
3 Months Ended
Dec. 31, 2025
Trading Arrangements, by Individual  
Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
v3.25.4
Insider Trading Policies and Procedures
12 Months Ended
Dec. 31, 2025
Insider Trading Policies and Procedures [Line Items]  
Insider Trading Policies and Procedures Adopted true
v3.25.4
Cybersecurity Risk Management and Strategy Disclosure
12 Months Ended
Dec. 31, 2025
Cybersecurity Risk Management, Strategy, and Governance [Line Items]  
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]
Chegg and its Board recognize the critical importance of maintaining the trust and confidence of our students, business partners, and employees. We have established an ISP utilizing the National Institute of Standards and Technology Cybersecurity Framework as an authoritative source of cybersecurity standards and framework for measurement. The ISP is comprised of the following components: (i) policies which describe the core requirements and design aspects of the program, (ii) standards that provide quantifiable and prescriptive requirements to meet the program's design, (iii) processes that provide operational requirements to meet the ISP's policies and standards consistently, and (iv) implementation playbooks which are created, maintained, and used by the respective team responsible for implementation.

The ISP has three core functions underlying its design, which are intended to provide Chegg with appropriate oversight and governance to execute, monitor, measure and report on the performance of the program in a consistent manner:

management (control owners) have a responsibility to own and manage risks associated with day-to-day operations, including the design, implementation, and ongoing operation of controls;
compliance and cybersecurity teams enable the identification of emerging risks in daily operation of our business, providing compliance and oversight in the form of frameworks, policies, tools, and techniques to support management; and
third-party independent assessors provide objective evaluation by assessing whether the first and second functions above are operating successfully, providing assurance that controls are effective in both design and operation.
Cybersecurity Risk Management Processes Integrated [Flag] true
Cybersecurity Risk Management Processes Integrated [Text Block] We have established an ISP utilizing the National Institute of Standards and Technology Cybersecurity Framework as an authoritative source of cybersecurity standards and framework for measurement. The ISP is comprised of the following components: (i) policies which describe the core requirements and design aspects of the program, (ii) standards that provide quantifiable and prescriptive requirements to meet the program's design, (iii) processes that provide operational requirements to meet the ISP's policies and standards consistently, and (iv) implementation playbooks which are created, maintained, and used by the respective team responsible for implementation.
Cybersecurity Risk Management Third Party Engaged [Flag] true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag] true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag] false
Cybersecurity Risk Board of Directors Oversight [Text Block]
The Audit Committee of the Board (the “Audit Committee”) provides independent oversight of the ISP. As a component of the ISP, the Audit Committee receives a report on the health and performance of the ISP on at least an annual basis. The Audit Committee provides guidance and oversight to help ensure the ISP meets the needs of all interested parties and fulfills its core functions. Management provides the Audit Committee a quarterly update on cybersecurity risks and incidents. Cybersecurity risks, including through oversight of the ISP, are considered alongside other operational and strategic risks as part of Chegg’s broader risk management and reporting.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block]
The Audit Committee of the Board (the “Audit Committee”) provides independent oversight of the ISP. As a component of the ISP, the Audit Committee receives a report on the health and performance of the ISP on at least an annual basis. The Audit Committee provides guidance and oversight to help ensure the ISP meets the needs of all interested parties and fulfills its core functions. Management provides the Audit Committee a quarterly update on cybersecurity risks and incidents. Cybersecurity risks, including through oversight of the ISP, are considered alongside other operational and strategic risks as part of Chegg’s broader risk management and reporting.
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block]
The Audit Committee of the Board (the “Audit Committee”) provides independent oversight of the ISP. As a component of the ISP, the Audit Committee receives a report on the health and performance of the ISP on at least an annual basis. The Audit Committee provides guidance and oversight to help ensure the ISP meets the needs of all interested parties and fulfills its core functions. Management provides the Audit Committee a quarterly update on cybersecurity risks and incidents. Cybersecurity risks, including through oversight of the ISP, are considered alongside other operational and strategic risks as part of Chegg’s broader risk management and reporting.
Cybersecurity Risk Role of Management [Text Block]
Our Trust and Security organization (“T&S”) is responsible for implementing the ISP. T&S is led by our Chief Information Security Officer (“CISO”) who reports to our Chief Technology Officer (“CTO”). T&S is made up of two sub-teams, each led by a director who reports to the CISO:

Information Security, which is responsible for implementing all aspects of the ISP and is structured around the following pillars: (i) Application Security, (ii) Infrastructure (Cloud) Security, (iii) Corporate IT Security, and (iv) Security Operations.
Compliance and Privacy, which is responsible for assessing and preparing internal teams for regulatory compliance pertaining to information security, secured financial reporting, and privacy and is structured around the following pillars: (i) Privacy, (ii) Compliance, (iii) Vendor Risk Management, (iv) Security Awareness, (v) Governance and Risk Management, and (vi) Privacy and Abuse Engineering.
Cybersecurity Risk Management Positions or Committees Responsible [Flag] true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block]
Our Trust and Security organization (“T&S”) is responsible for implementing the ISP. T&S is led by our Chief Information Security Officer (“CISO”) who reports to our Chief Technology Officer (“CTO”). T&S is made up of two sub-teams, each led by a director who reports to the CISO:

Information Security, which is responsible for implementing all aspects of the ISP and is structured around the following pillars: (i) Application Security, (ii) Infrastructure (Cloud) Security, (iii) Corporate IT Security, and (iv) Security Operations.
Compliance and Privacy, which is responsible for assessing and preparing internal teams for regulatory compliance pertaining to information security, secured financial reporting, and privacy and is structured around the following pillars: (i) Privacy, (ii) Compliance, (iii) Vendor Risk Management, (iv) Security Awareness, (v) Governance and Risk Management, and (vi) Privacy and Abuse Engineering.
Cybersecurity Risk Management Expertise of Management Responsible [Text Block]
Our CISO has served various roles in information technology and security for over 25 years, including serving as CISO. Our CISO holds an undergraduate degree in Information Technology with a specialization in Information Assurance and Security and was a distinguished graduate of the US Air Force Secure Communications school. Our CTO holds an undergraduate degree in computer science and has more than 25 years of experience in technology and operations. Our CEO and CFO each hold degrees in their respective fields, and each have over 20 years of experience managing risks at Chegg and other companies, including risks arising from cybersecurity threats.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block]
Our Trust and Security organization (“T&S”) is responsible for implementing the ISP. T&S is led by our Chief Information Security Officer (“CISO”) who reports to our Chief Technology Officer (“CTO”). T&S is made up of two sub-teams, each led by a director who reports to the CISO:

Information Security, which is responsible for implementing all aspects of the ISP and is structured around the following pillars: (i) Application Security, (ii) Infrastructure (Cloud) Security, (iii) Corporate IT Security, and (iv) Security Operations.
Compliance and Privacy, which is responsible for assessing and preparing internal teams for regulatory compliance pertaining to information security, secured financial reporting, and privacy and is structured around the following pillars: (i) Privacy, (ii) Compliance, (iii) Vendor Risk Management, (iv) Security Awareness, (v) Governance and Risk Management, and (vi) Privacy and Abuse Engineering.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag] true
v3.25.4
Significant Accounting Policies (Policies)
12 Months Ended
Dec. 31, 2025
Accounting Policies [Abstract]  
Basis of Presentation
Basis of Presentation

Our fiscal year ends on December 31 and in this report, we refer to the year ended December 31, 2025, December 31, 2024, and December 31, 2023 as 2025, 2024, and 2023, respectively.
Reclassification of Prior Period Presentation
Reclassification of Prior Period Presentation

In order to conform with current period presentation, $1.0 million of deferred tax assets have been reclassified from deferred tax assets to other assets on our consolidated balance sheet as of December 31, 2024. This change in presentation does not affect previously reported results.
Use of Estimates
Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles in the United States (U.S. GAAP) requires management to make estimates, judgments, and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses as well as the disclosure of contingent liabilities. Significant estimates, assumptions, and judgments are used for, but not limited to: revenue recognition, share-based compensation expense, accounting for income taxes, useful lives assigned to long-lived assets for depreciation and amortization, impairment of goodwill, intangible assets and long-lived assets, and internal-use software and website development costs. We base our estimates on historical experience, knowledge of current business conditions, and various other factors we believe to be reasonable under the circumstances. These estimates are based on management’s knowledge about current events and expectations about actions we may undertake in the future. Actual results could differ from these estimates, and such differences could be material to our financial position and results of operations.
Principles of Consolidation
Principles of Consolidation

The consolidated financial statements include the accounts of Chegg and our wholly owned subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. The consolidated financial statements have been prepared in accordance with U.S. GAAP.
Cash and Cash Equivalents and Restricted Cash
Cash and Cash Equivalents and Restricted Cash
We consider all highly liquid investments with a maturity date of three months or less from the date of purchase to be cash equivalents. Our cash and cash equivalents consist of cash and money market funds at financial institutions, and are stated at cost, which approximates fair value. We classify certain restricted cash balances within other current assets and other assets on the accompanying consolidated balance sheets based upon the term of the remaining restrictions.
Fair Value Measurements
Fair Value Measurements

We account for certain assets and liabilities at fair value. We have established a fair value hierarchy used to determine the fair value of our financial instruments as follows:

Level 1—Inputs are unadjusted quoted prices in active markets for identical assets or liabilities.
Level 2—Inputs are quoted prices for similar assets and liabilities in active markets or inputs that are observable for the assets or liabilities, either directly or indirectly through market corroboration, for substantially the full term of the financial instruments.

Level 3—Inputs are unobservable inputs based on our own assumptions used to measure assets and liabilities at fair value; the inputs require significant management judgment or estimation.

A financial instrument’s classification within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. The methods described above may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, while we believe our valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date.
Investments
Investments

We hold investments in corporate debt securities. We classify our investments as available-for-sale that are either short or long-term based on the remaining contractual maturity of the investment. Our investments are carried at estimated fair value with any unrealized gains and losses, unrelated to credit loss factors, net of taxes, included in other comprehensive (loss) income on our consolidated statements of stockholders’ equity. Unrealized losses related to credit loss factors are recorded through an allowance for credit losses in other income, net on our consolidated statements of operations, rather than as a reduction to other comprehensive (loss) income, when a decline in fair value has resulted from a credit loss. When evaluating whether an investment's unrealized losses are related to credit factors, we review factors such as the extent to which fair value is below its cost basis, any changes to the credit rating of the security, adverse conditions specifically related to the security, changes in market interest rates and our intent to sell, or whether it is more likely than not we will be required to sell, before recovery of cost basis. We invest in highly rated securities with a weighted average maturity of eighteen months or less. In addition, our investment policy limits the amount of our credit exposure to any one issuer or industry sector and requires investments to be investment grade, with the primary objective of preserving capital and maintaining liquidity. Fair values were determined for each individual security in the investment portfolio. We determine realized gains or losses on the sale of investments on a specific identification method and record such gains or losses as other income, net.

The estimated fair value of our investments is based on quoted prices in active markets for identical assets (Level 1 inputs) or inputs other than quoted prices that are observable either directly or indirectly (Level 2 inputs) in determining fair value. Other than our money market funds, we classify our fixed income available-for-sale investments as having Level 2 inputs. The valuation techniques used to measure the fair value of our investments having Level 2 inputs were derived from non-binding market consensus prices that are corroborated by observable market data or quoted market prices for similar instruments. We do not hold any investments valued with a Level 3 input.
Accounts Receivable, Net of Allowance
Accounts Receivable, Net of Allowance

Accounts receivable is recorded at the invoiced amount and is non-interest bearing. We generally grant uncollateralized credit terms to our customers.

We maintain an estimated allowance provision to account for potentially uncollectible accounts receivable based upon expected credit losses for outstanding receivables. Our estimate is derived using a variety of factors including historical collection and loss patterns, the current aging of accounts receivable, geographic and other customer-specific credit risk factors, and reasonable and supportable forecasts of future economic conditions which inform adjustments to historical loss patterns. The estimated allowance provision is classified as general and administrative operating expenses on our consolidated statements of operations. Accounts receivable that are deemed to be uncollectible are written off, net of expected or actual recoveries.
Concentration of Credit Risk
Concentration of Credit Risk

Financial instruments that potentially subject us to concentrations of credit risk consist primarily of cash and cash equivalents, and investments in accordance with our investment policy. We place the majority of our cash and cash equivalents with financial institutions in the United States that we believe to be of high credit quality, and accordingly minimal credit risk exists with respect to these instruments. Certain of our cash balances held with a financial institution are in excess of Federal Deposit Insurance Corporation limits. Our investment portfolio consists of investments diversified among security types, industries and issuers. Our investments were held and managed by recognized financial institutions that followed our
investment policy with the main objective of preserving capital, generating a competitive return, and maintaining liquidity.
Concentrations of credit risk with respect to accounts receivable exist to the full extent of amounts presented in the financial statements.
Property and Equipment
Property and Equipment

Property and equipment are recorded at cost less accumulated depreciation and content amortization. Depreciation and content amortization are computed using the straight-line method over the following estimated useful lives of the assets:

ClassificationUseful Life
Content
5 years
Internal-use software and website development3 years
Leasehold improvements
Shorter of the remaining lease term or 5 years
Furniture and fixtures5 years
Computers and equipment3 years

We capitalize all costs associated with the development of content that is utilized in our products and services. Content amortization is classified within cost of revenues on our consolidated statements of operations.

We capitalize certain costs associated with software developed or obtained for internal use and website development. We capitalize costs when preliminary development efforts are successfully completed, management has authorized and committed project funding and it is probable that the project will be completed, and the software will be used as intended. Costs incurred prior to meeting these criteria, together with costs incurred for training and maintenance, are expensed as incurred. Costs incurred for enhancements that are expected to result in additional material functionality are capitalized and amortized over the estimated useful life of the upgrades. Depreciation expense is classified within cost of revenues or operating expenses categories on our consolidated statements of operations.
When assets are retired or otherwise disposed of, the cost and related accumulated depreciation and content amortization are removed from their respective accounts, and any gain or loss on such sale or disposal is reflected in loss from operations. When assets are abandoned prior to the end of their useful lives, we accelerate depreciation over the revised shortened useful life. Accelerated depreciation expense is classified consistently with the initial depreciation expense.
Goodwill
Goodwill
Goodwill represents the excess of the fair value of purchase consideration paid over the estimated fair value of assets acquired and liabilities assumed in a business combination. Goodwill is not amortized but rather tested for impairment at least annually, or more frequently if certain events or indicators of impairment occur between annual impairment tests. We first assess qualitative factors to determine whether it is necessary to perform the quantitative impairment test. In our qualitative assessment, we consider factors including economic conditions, industry and market conditions and developments, overall financial performance and other relevant entity-specific events. If our qualitative assessment concludes that it is more likely than not that the fair value is less than the carrying amount, a quantitative assessment of impairment is performed. In the quantitative test, we compare fair value, estimated utilizing the income approach, based on present value techniques, to the carrying value. If the carrying value exceeds the fair value, an impairment loss is recognized in an amount equal to the excess, limited to the remaining balance of goodwill.
Intangible Assets
Intangible Assets
Intangible assets are amortized over their estimated useful lives. Intangible assets are tested for impairment at the asset group level at least annually or when events or changes in circumstances indicate that the carrying amount of such asset groups may not be recoverable.
Leases
Leases

We determine if an arrangement is a lease at inception. Operating leases are included in operating lease right of use (ROU) assets, accrued liabilities, and long-term operating lease liabilities on our consolidated balance sheets. Operating lease ROU assets and operating lease liabilities are recognized based on the present value of the future minimum lease payments over the lease term at commencement date. Lease agreements typically do not provide an implicit rate and therefore we use our incremental borrowing rate based on the information available at commencement date in determining the present value of future minimum lease payments. Our incremental borrowing rate is estimated based on the estimated rate incurred to borrow, on a collateralized basis over a similar term as our leases, an amount equal to the lease payments in a similar economic environment. Our lease terms may include options to extend or terminate the lease when it is reasonably certain that we will exercise such options. We do not record leases on our consolidated balance sheets with a term of one year or less. We do not separate lease and non-lease components but rather account for each separate component as a single lease component for all underlying classes of assets. Some of our leases include payments that are dependent on an index, such as the Consumer Price Index (CPI), and our minimum lease payments include payments based on the index at inception with any future changes in such indices recognized as an expense in the period of change. Where leases contain escalation clauses, rent abatement, or concessions, such as rent holidays and landlord or tenant incentives or allowances, we apply them in the determination of straight-line operating lease cost over the lease term. ROU assets are evaluated for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable.
Equity Investments
Equity Investments
Investments in entities where we do not have the ability to exercise significant influence and which do not have readily determinable fair values are accounted for at cost, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer, if any. Equity investments are included in other assets on our consolidated balance sheets. We assess our equity investments for impairment whenever events or changes in circumstances indicate that they may be impaired. The factors we consider in our evaluation include, but are not limited to, a significant deterioration in the earnings performance or business prospects of the investee or factors that raise significant concerns about the investee’s ability to continue as a going concern, such as negative cash flows from operations or working capital deficiencies.
Convertible Senior Notes, net
Convertible Senior Notes, net

Convertible senior notes, including the embedded conversion features, are accounted for under the traditional convertible debt accounting model entirely as a liability net of unamortized issuance costs. The carrying amount of the liability is classified as a current liability if we have committed to settle with current assets or the holders have the option to convert the notes at any time within twelve months after the reporting date; otherwise, we classify it as a long-term liability as we retain the election to settle conversion requests in shares of our common stock. The embedded conversion features are not remeasured as long as they do not meet the separation requirement of a derivative; otherwise, they are classified as derivative instruments and recorded at fair value with changes in fair value recorded in other income, net on our consolidated statements of operations. The fair value of any derivative instruments related to the notes are determined utilizing Level 2 inputs. Issuance costs are amortized on a straight-line basis, which approximates the effective interest rate method, to interest expense over the term of the notes. In accounting for conversions of the notes, the carrying amount of the converted notes is reduced by the total consideration paid or issued for the respective converted notes and the difference is recorded to additional paid-in capital on our consolidated balance sheets. In accounting for extinguishments of the notes, the reacquisition price of the extinguished notes is compared to the carrying amount of the respective extinguished notes and a gain or loss is recorded in other income, net on our consolidated statements of operations.
Revenue Recognition and Deferred Revenue
Revenue Recognition and Deferred Revenue

We recognize revenues when the control of goods or services is transferred to our customers, in an amount that reflects the consideration we expect to be entitled to in exchange for those goods or services. We determine revenue recognition through the following steps:

Identification of the contract, or contracts, with a customer
Identification of the performance obligations in the contract
Determination of the transaction price
Allocation of the transaction price to the performance obligations in the contract
Recognition of revenue when, or as, we satisfy a performance obligation
Revenues are presented net of sales tax collected from customers to be remitted to governmental authorities and net of allowances for estimated and actual refunds, which are based on historical data. Revenues from our language learning platform and Academic Services are primarily recognized ratably over the monthly subscription period. Revenues from our workforce skilling programs are recognized over the delivery period, adjusted for an estimate of non-redemption, or upon fulfillment. Revenues from advertising services and content licensing are recognized upon fulfillment.

Some of our customer arrangements include multiple performance obligations. We have determined these performance obligations qualify as distinct performance obligations, as the customer can benefit from the service on its own or together with other resources that are readily available to the customer, and our promise to transfer the service is separately identifiable from other promises in the contract. For these arrangements that contain multiple performance obligations, we allocate the transaction price based on the relative standalone selling price (SSP) method by comparing the SSP of each distinct performance obligation to the total value of the contract. We determine the SSP based on our historical pricing and discounting practices for the distinct performance obligation when sold separately. If the SSP is not directly observable, we estimate the SSP by considering information such as market conditions, and information about the customer. Additionally, we limit the amount of revenues recognized for delivered promises to the amount that is not contingent on future delivery of services or other future performance obligations.

Some of our customer arrangements may include an amount of variable consideration in addition to a fixed revenue share that we earn. This variable consideration can either increase or decrease the total transaction price depending on the nature of the variable consideration. We estimate the amount of variable consideration that we will earn at the inception of the contract, adjusted during each period, and include an estimated amount each period.

For sales of third-party products, we evaluate whether we are acting as a principal or an agent. Where our role in a transaction is that of principal, revenues are recognized on a gross basis. This requires revenue to comprise the gross value of the transaction billed to the customer, after trade discounts, with any related expenditure charged as a cost of revenues. Where our role in a transaction is that of an agent, revenues are recognized on a net basis with revenues representing the margin earned. Our determination is based on our evaluation of whether we control the specified goods or services prior to transferring them to the customer. When deciding the most appropriate basis for presenting revenues or costs of revenues, both the legal form and substance of the agreement between us and our business partners are reviewed to determine each party’s respective role in the transaction. For all of our offerings, aside from print textbooks and eTextbooks which are no longer provided, we control our services and recognize revenues and cost of revenues on a gross basis.

Contract receivables are presented as accounts receivable, net on our consolidated balance sheets and represent unconditional consideration that will be received solely due to the passage of time. Contract assets are contained within other current assets and other assets on our consolidated balance sheets and represent the goods or services that we have transferred to a customer before invoicing the customer and primarily consist of the income sharing payment arrangements we offer to students for our workforce skilling programs. Contract liabilities are presented as deferred revenue on our consolidated balance sheets and primarily consists of advanced payments from learners related to subscription performance obligations that have not been satisfied and estimated variable consideration. Deferred revenue related to subscription performance obligations is recognized as revenues ratably over the term for subscriptions or when the services are provided, and all other revenue recognition criteria have been met. Deferred revenue related to variable consideration is recognized as revenues during each reporting period based on the estimated amount we believe we will earn over the life of the contract. Deferred contract costs are contained within other current assets on our consolidated balance sheets and are recognized if we expect to receive a future benefit from such costs. Deferred contract cost amortization expense is recognized consistent with the pattern of revenue recognition as cost of revenues on our consolidated statements of operations.
Cost of Revenues
Cost of Revenues
Cost of revenues consists primarily of expenses associated with the delivery and distribution of our products and services including content amortization expense, web hosting fees, customer support fees, payment processing costs, amortization of acquired intangible assets, employee-related expenses, which includes salaries, benefits and share-based compensation expense, contractor costs, and other direct costs related to providing content or services. In addition, cost of revenues includes allocated information technology and facilities costs.
Research and Development Expense
Research and Development Expense

Research and development expenses consist of employee-related expenses, which includes salaries, benefits, and share-based compensation expense for employees on our product, engineering, and technical teams who are responsible for maintaining our website, developing new products, and improving existing products. Research and development expenses also include technology costs to support our research and development, web hosting fees, contractor costs, and outside services. We expense substantially all of our research and development expenses as they are incurred.
Paid Marketing Expense
Paid Marketing Expense
Paid marketing expense is expensed as incurred and consist primarily of online advertising and marketing promotional expenditures.
Share-based Compensation Expense
Share-based Compensation Expense
Share-based compensation expense for restricted stock units (RSUs), performance-based restricted stock units (PSUs) with either a market-based condition or financial and strategic performance targets, and employee stock purchase plan (ESPP) is accounted for under the fair value method based on the grant-date fair value of the award. Share-based compensation expense for RSUs and PSUs with financial and strategic performance targets is measured based on the closing fair market value of our common stock, PSUs with a market-based condition are estimated using a Monte Carlo simulation model, and ESPP is estimated using the Black-Scholes-Merton option pricing model. We recognize share-based compensation expense on a straight-line basis for RSUs and ESPP and on a graded basis for PSUs. Share-based compensation expense is reduced by estimated forfeitures, which are estimated at the time of the grant and revised, if necessary, in subsequent periods if actual forfeitures differ from those estimates. Vesting for all awards is subject to continued service over the requisite service period, which is generally the vesting period. Vesting of PSUs with a market-based condition is also subject to the achievement of certain per share price of our common stock targets and vesting of PSUs with financial and strategic performance targets is also subject to our achievement of specified financial and strategic performance targets. RSUs and PSUs are converted into shares of our common stock upon vesting on a one-for-one basis. RSUs typically vest over one or three years, while PSUs with a market-based condition or financial and strategic performance targets typically vest over a three-year period. Share-based compensation expense for PSUs with a market-based condition is recognized regardless of whether the market condition is satisfied whereas share-based compensation expense for PSUs with financial performance targets is recognized upon estimated or actual achievement of such targets. We assess the achievement of financial and strategic performance targets on a quarterly basis and adjust our share-based compensation expense as appropriate.
Income Taxes
Income Taxes

We account for income taxes under an asset and liability method whereby deferred tax asset and liability account balances are determined based on differences between the financial reporting and the tax basis of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. Valuation allowances are established, when necessary, to reduce deferred tax assets to an amount that is more likely than not to be realized. We record uncertain tax positions on the basis of a two-step process in which (1) we determine whether it is more likely than not that the tax positions will be sustained on the basis of technical merits of the position and (2) for those tax positions that meet the more likely than not recognition threshold, we recognize the tax benefit as the largest amount that is cumulative more than 50% likely to be realized upon ultimate settlement with the related tax authority. Our policy is to include interest and penalties related to unrecognized tax benefits as a component of income tax expense.
Net (Loss) Income Per Share
Net (Loss) Income Per Share

Basic net (loss) income per share is computed by dividing net (loss) income by the weighted-average number of shares of common stock outstanding during the period. Diluted net (loss) income per share is computed by adjusting net (loss) income for all related convertible senior notes activity, net of tax, and adjusting the weighted-average number of shares of common stock outstanding for all potential shares of common stock, including stock options, PSUs, RSUs, and shares related to convertible senior notes, to the extent dilutive. This assumes that all stock options and dilutive convertible shares were exercised or converted and is computed by applying the treasury stock method for outstanding stock options, PSUs, and RSUs, and the if-converted method for outstanding convertible senior notes. Under the treasury stock method, options, PSUs, and RSUs are assumed to be exercised or vested at the beginning of the period or at the time of issuance, if later, and as if funds obtained thereby were used to purchase common stock at the average market price during the period. Under the if-converted method,
outstanding convertible senior notes are assumed to be converted into common stock at the beginning of the period or at the time of issuance, if later.
Foreign Currency Translation and Remeasurement
Foreign Currency Translation and Remeasurement
The functional currency of our foreign subsidiaries is the local currency, and our reporting currency is the U.S. Dollar. Adjustments resulting from the translation of foreign currencies into U.S. Dollars for balance sheet amounts are based on the exchange rates as of the consolidated balance sheet date. Revenues and expenses are translated at average exchange rates during the period. Foreign currency translation gains or losses are included in accumulated other comprehensive loss as a component of stockholders’ equity and on the consolidated balance sheets. Gains or losses resulting from the remeasurement of foreign currency transactions, which are denominated in currencies other than the functional currency, are included in general and administrative expense on the consolidated statements of operations.
Recent Accounting Pronouncements
Recent Accounting Pronouncements

Recently Issued Accounting Pronouncements Not Yet Adopted

In December 2025, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2025-12, Codification Improvements. ASU 2025-12 makes incremental improvements to the Accounting Standards Codification (ASC) and U.S. GAAP. Early adoption is permitted and the guidance may be applied either prospectively or retrospectively to the beginning of the earliest comparative period presented. The guidance is effective for annual reporting periods beginning after December 15, 2026 and interim reporting periods within those annual periods. We did not early adopt ASU 2025-12 and we are currently in the process of evaluating the impact of this guidance.

In December 2025, the FASB issued ASU 2025-11, Interim Reporting - Narrow Scope Improvements. ASU 2025-11 improves the guidance in ASC 270, Interim Reporting, by improving the navigability of the required interim disclosures and clarifying when that guidance is applicable. Early adoption is permitted and the guidance may be applied either prospectively or retrospectively to any or all prior periods presented in the financial statements. The guidance is effective for interim reporting periods within annual reporting periods beginning after December 15, 2027. We did not early adopt ASU 2025-11 and we are currently in the process of evaluating the impact of this guidance.

In September 2025, the FASB issued ASU 2025-06, Intangibles—Goodwill and Other—Internal-Use Software. ASU 2025-06 modernizes the accounting for software costs that are accounted for under ASC 350-40 and 350-50 by removing references to prescriptive and sequential software development stages and requiring capitalization of software costs to begin when management has authorized and committed to funding the project and it is probable that the project will be completed and used as intended. Early adoption is permitted and the guidance may be applied on either a prospective, retrospective or modified basis. The guidance is effective for annual periods beginning after December 15, 2027 and interim periods within those annual periods. We did not early adopt ASU 2025-06 and we are currently in the process of evaluating the impact of this guidance.

In July 2025, the FASB issued ASU 2025-05, Financial Instruments—Credit Losses. ASU 2025-05 introduces a practical expedient related to applying ASC 326-20 to current accounts receivable and contract assets. Early adoption is permitted, and the guidance will be applied on a prospective basis. The guidance is effective for annual periods beginning after December 15, 2025 and interim periods within those annual periods. We did not early adopt ASU 2025-05 and do not believe its adoption will significantly impact our consolidated financial statements.

In November 2024, the FASB issued ASU 2024-04, Debt—Debt with Conversion and Other Options. ASU 2024-04 improves the relevance and consistency in application of the induced conversion guidance requirements in ASC 470-20—Debt. Early adoption is permitted, and the guidance can be applied on either a prospective or retrospective basis. The guidance is effective for annual periods beginning after December 15, 2025 and interim periods within those annual periods. We did not early adopt ASU 2024-04 and do not believe its adoption will significantly impact our consolidated financial statements.

In November 2024, the FASB issued ASU 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures. ASU 2024-03 requires disclosure of specified information about certain costs and expenses in the notes to financial statements. Early adoption is permitted, and the guidance will be applied prospectively with the option to apply retrospectively. The guidance is effective for annual periods beginning after December 15, 2026 and interim periods
beginning after December 15, 2027. We did not early adopt ASU 2024-03 and we are currently in the process of evaluating the impact of this guidance.

Recently Adopted Accounting Pronouncements

In March 2024, the FASB issued ASU 2024-02, Codification Improvements—Amendments to Remove References to the Concepts Statements. ASU 2024-02 removes various references to the FASB’s Concepts Statements from the FASB’s ASC. Early adoption is permitted, and the guidance will be applied prospectively with the option to apply retrospectively. The guidance is effective for annual periods beginning after December 15, 2024. We adopted ASU 2024-02 on January 1, 2025 under the prospective method and there was not a significant impact on our financial statements.

In December 2023, the FASB issued ASU 2023-09, Improvements to Income Tax Disclosures. ASU 2023-09 requires disaggregated information about our effective tax rate reconciliation as well as information on income taxes paid that meet a quantitative threshold. Early adoption is permitted, and the guidance will be applied prospectively with the option to apply retrospectively. The guidance is effective for annual periods beginning after December 15, 2024. We adopted ASU 2023-09 on January 1, 2025 under the prospective method and the adoption of this guidance did not have an effect on our financial position, results of operations or cash flows as the adoption only resulted in additional disclosures. For further information on the additional disclosures refer to “Note 14. Income Taxes”.
v3.25.4
Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2025
Accounting Policies [Abstract]  
Schedule of Property, Plant and Equipment
Property and equipment are recorded at cost less accumulated depreciation and content amortization. Depreciation and content amortization are computed using the straight-line method over the following estimated useful lives of the assets:

ClassificationUseful Life
Content
5 years
Internal-use software and website development3 years
Leasehold improvements
Shorter of the remaining lease term or 5 years
Furniture and fixtures5 years
Computers and equipment3 years
The following table presents our property and equipment, net balances (in thousands):
December 31,
20252024
Content$351,416 $381,629 
Internal-use software and website development42,677 67,612 
Leasehold improvements2,827 8,207 
Furniture and fixtures1,127 3,346 
Computer and equipment1,949 2,953 
Property and equipment399,996 463,747 
Less accumulated depreciation(284,828)(293,099)
Property and equipment, net$115,168 $170,648 
v3.25.4
Revenues (Tables)
12 Months Ended
Dec. 31, 2025
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue The following table presents our total net revenues for the periods shown disaggregated for our Chegg Skilling and Academic Services product lines (in thousands, except percentages):
 Years Ended December 31,
Change in 2025
Change in 2024
 202520242023$%$%
Chegg Skilling$68,654 $73,959 $76,812 $(5,305)(7)%$(2,853)(4)%
Academic Services308,254 543,615 639,483 (235,361)(43)(95,868)(15)
Total net revenues$376,908 $617,574 $716,295 $(240,666)(39)$(98,721)(14)
Schedule of Accounts Receivable
The following table presents our accounts receivable, net, contract assets, and deferred revenue balances (in thousands, except percentages):
 December 31,Change
 20252024$%
Accounts receivable, net$15,604 $23,641 $(8,037)(34)%
Contract assets6,536 7,027 (491)(7)
Deferred revenue29,675 39,217 (9,542)(24)
v3.25.4
Net (Loss) Income Per Share (Tables)
12 Months Ended
Dec. 31, 2025
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Net Income (Loss) Per Share
The following table presents the computation of basic and diluted net (loss) income per share (in thousands, except per share amounts):
Years Ended December 31,
202520242023
Basic
Numerator:
Net (loss) income$(103,421)$(837,068)$18,180 
Denominator:
Weighted average shares used to compute net (loss) income per share, basic
107,484 103,300 116,504 
Net (loss) income per share, basic
$(0.96)$(8.10)$0.16 
Diluted
Numerator:
Net (loss) income$(103,421)$(837,068)$18,180 
Convertible senior notes activity, net of tax
— — (61,694)
Net loss, diluted
$(103,421)$(837,068)$(43,514)
Denominator:
Weighted average shares used to compute net (loss) income per share, basic
107,484 103,300 116,504 
Shares related to convertible senior notes— — 12,065 
Weighted average shares used to compute net loss per share, diluted107,484 103,300 128,569 
Net loss per share, diluted
$(0.96)$(8.10)$(0.34)
Schedule of Common Shares Outstanding Excluded from Computation of Diluted Net Loss Per Share
The following table presents potential weighted-average shares of common stock outstanding that were excluded from the computation of diluted net loss per share because including them would have been anti-dilutive (in thousands):
Years Ended December 31,
202520242023
Shares related to stock plan activity3,786 7,206 8,442 
Shares related to convertible senior notes2,069 9,234 — 
Total common stock equivalents5,855 16,440 8,442 
v3.25.4
Cash and Cash Equivalents, and Investments and Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2025
Cash and Cash Equivalents [Abstract]  
Schedule of Cash and Cash Equivalents, and Investments
The following tables present our cash and cash equivalents, and investments’ fair value level classification, adjusted cost, unrealized gain, unrealized loss and fair value (in thousands):
 December 31, 2025
 Fair Value LevelAdjusted CostUnrealized GainUnrealized LossFair Value
Cash and cash equivalents:   
Cash$16,942 $— $— $16,942 
Money market fundsLevel 114,204 — — 14,204 
Total cash and cash equivalents$31,146 $— $— $31,146 
Short-term investments:   
Corporate debt securitiesLevel 2$41,549 $125 $— $41,674 
Long-term investments:
Corporate debt securitiesLevel 2$12,290 $102 $— $12,392 

 December 31, 2024
 Fair Value LevelAdjusted CostUnrealized GainUnrealized LossFair Value
Cash and cash equivalents:   
Cash$28,716 $— $— $28,716 
Money market fundsLevel 1132,759 — — 132,759 
Total cash and cash equivalents$161,475 $— $— $161,475 
Short-term investments:   
Corporate debt securitiesLevel 2$113,968 $157 $(29)$114,096 
U.S. treasury securitiesLevel 140,162 — (9)40,153 
Total short-term investments$154,130 $157 $(38)$154,249 
Long-term investments:
Corporate debt securitiesLevel 2$133,516 $736 $(78)$134,174 
U.S. treasury securitiesLevel 178,405 97 (26)78,476 
Total long-term investments$211,921 $833 $(104)$212,650 
Schedule of Realized Gain (Loss) Related to Investments
The following table presents the realized gain and loss related to the sale of our investments (in thousands):
 Years Ended December 31,
 202520242023
Realized gain$813 $16 $346 
Realized loss(61)(43)(2,452)
Total realized gain (loss)$752 $(27)$(2,106)
Schedule of Available-for-sale Securities Reconciliation
The following table presents our cash equivalents and investments' adjusted cost and fair value by contractual maturity (in thousands):
December 31, 2025
 Adjusted CostFair Value
Due within one year$41,549 $41,674 
Due after one year through three years12,290 12,392 
Investments not due at a single maturity date14,204 14,204 
Total$68,043 $68,270 
v3.25.4
Property and Equipment, Net (Tables)
12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Schedule of Property, Plant and Equipment
Property and equipment are recorded at cost less accumulated depreciation and content amortization. Depreciation and content amortization are computed using the straight-line method over the following estimated useful lives of the assets:

ClassificationUseful Life
Content
5 years
Internal-use software and website development3 years
Leasehold improvements
Shorter of the remaining lease term or 5 years
Furniture and fixtures5 years
Computers and equipment3 years
The following table presents our property and equipment, net balances (in thousands):
December 31,
20252024
Content$351,416 $381,629 
Internal-use software and website development42,677 67,612 
Leasehold improvements2,827 8,207 
Furniture and fixtures1,127 3,346 
Computer and equipment1,949 2,953 
Property and equipment399,996 463,747 
Less accumulated depreciation(284,828)(293,099)
Property and equipment, net$115,168 $170,648 
v3.25.4
Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The following table presents the changes in the carrying amount of our goodwill balance (in thousands):
 December 31,
2024
Beginning balance$631,995 
Impairment expense(635,391)
Foreign currency translation adjustment3,396 
Ending balance$— 
Schedule of Intangible Assets
The following table presents our intangible assets balances (in thousands, except weighted-average amortization period):
 December 31, 2025
Weighted-Average Amortization
Period
(in months)
Gross
Carrying
Amount
Accumulated
Amortization
Accumulated ImpairmentForeign Currency Translation AdjustmentNet Carrying Amount
Developed technologies80$106,703 $(67,335)$(29,369)$(3,958)$6,041 
Content libraries6012,230 (12,230)— — — 
Customer lists3534,190 (32,892)— (1,298)— 
Trade and domain names5216,213 (13,343)(2,493)(377)— 
Total intangible assets67$169,336 $(125,800)$(31,862)$(5,633)$6,041 
 
 December 31, 2024
 Weighted-Average Amortization
Period
(in months)
Gross
Carrying
Amount
Accumulated
Amortization
Accumulated ImpairmentForeign Currency Translation AdjustmentNet
Carrying
Amount
Developed technologies80$106,703 $(63,029)$(29,369)$(3,958)$10,347 
Content libraries6012,230 (12,230)— — — 
Customer lists3534,190 (32,892)— (1,298)— 
Trade and domain names5216,213 (13,343)(2,493)(377)— 
Total intangible assets67$169,336 $(121,494)$(31,862)$(5,633)$10,347 
Schedule of Estimated Future Amortization Expense Related to Intangible Assets
The following table presents the estimated future intangible assets amortization expense (in thousands):
December 31, 2025
20263,831 
20271,776 
2028407 
202927 
Total$6,041 
v3.25.4
Convertible Senior Notes (Tables)
12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
Schedule of Debt
The following table presents the net carrying amount of the notes (in thousands):
December 31, 2025December 31, 2024
2026 Notes2025 Notes2026 Notes2025 Notes
Principal amount$53,860 $— $127,906 $358,914 
Unamortized issuance costs(95)— (562)(309)
Net carrying amount$53,765 $— $127,344 $358,605 
Schedule of Interest Expense Recognized
The following table presents the total interest expense recognized related to the notes (in thousands):
Years Ended December 31,
202520242023
2026 notes:
Contractual interest expense
$— $— $— 
Amortization of issuance costs192 620 1,035 
Total 2026 notes interest expense$192 $620 $1,035 
2025 notes:
Contractual interest expense$90 $443 $621 
Amortization of issuance costs308 1,527 2,121 
Total 2025 notes interest expense$398 $1,970 $2,742 
v3.25.4
Leases (Tables)
12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Schedule of Maturities of Operating Lease Liabilities
The following table presents the future minimum lease payments and reconciliation to total operating lease liabilities (in thousands):
December 31, 2025
2026$4,795 
20274,393 
20283,439 
20291,867 
20302,163 
Thereafter5,854 
Total future minimum lease payments22,511 
Less imputed interest(3,027)
Total operating lease liabilities$19,484 
v3.25.4
Common Stock (Tables)
12 Months Ended
Dec. 31, 2025
Equity [Abstract]  
Schedule of Common Stock Reserved for Future Issuance The following table presents the shares of our common stock we have reserved for future issuance:
December 31, 2025
Outstanding RSUs and PSUs10,041,008 
Shares available for grant under the Amended 2023 Equity Incentive Plan6,606,932 
Shares available for issuance under the Amended and Restated 2013 Employee Stock Purchase Plan2,195,773 
Shares available for grant under the 2023 Equity Inducement Plan1,575,489 
Outstanding stock options58,175 
Total common shares reserved for future issuance20,477,377 
v3.25.4
Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Stock-Based Compensation Expense for Employees and Non-Employees
The following table presents total share-based compensation expense recorded (in thousands):
 Years Ended December 31,
 202520242023
Cost of revenues$503 $1,786 $2,256 
Research and development6,812 28,044 44,103 
Sales and marketing2,174 7,466 9,524 
General and administrative22,375 47,318 77,619 
Total share-based compensation expense$31,864 $84,614 $133,502 
Schedule of Assumptions Used to Determine Fair Value of ESPP
The following table presents the key assumptions used to determine the fair value of the awards:

Expected term (years)2.95
Expected volatility80.62 %
Expected dividends— %
Risk-free interest rate3.57 %
Weighted-average grant-date fair value per share$0.62 
The following table presents the key assumptions used to determine the fair value of rights granted under the ESPP:
 Years Ended December 31,
 202520242023
Expected term (years)0.500.500.50
Expected volatility
105.68% - 122.96%
60.95% - 85.39%
55.79% - 109.39%
Dividend yield0.00 %0.00 %0.00 %
Risk-free interest rate
3.81% - 4.29%
4.44% - 5.40%
5.24% - 5.41%
Weighted-average grant-date fair value per share$0.44 $0.90 $3.62 
Schedule of Restricted And Performance Stock Unit, Activity
RSU and PSU Activity
 Number of RSUs and PSUs OutstandingWeighted Average Grant Date Fair Value
Balance at December 31, 20247,386,965 $10.58 
Granted13,335,528 1.11 
Released(7,931,184)5.47 
Forfeited(2,750,301)12.06 
Balance at December 31, 202510,041,008 $1.56 
Schedule of Stock Option Activity
Stock Option Activity
 
Number of Stock Options Outstanding
Weighted-Average Exercise Price per ShareWeighted-Average Remaining Contractual Term in YearsAggregate Intrinsic Value
Balance at December 31, 2024182,076 $5.74 1.17$— 
Forfeited(123,901)6.09  
Balance at December 31, 202558,175 $5.00 0.42$— 
v3.25.4
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2025
Income Tax Disclosure [Abstract]  
Schedule of Income Tax Provision
The following table presents our provision for income taxes (in thousands):
Years Ended December 31,
202520242023
Current income taxes:
Federal$372 $(234)$(2,460)
State257 (1,128)(3,064)
Foreign(2,560)(4,021)(33)
Total current provision for income taxes(1,931)(5,383)(5,557)
Deferred income taxes:
Federal— (122,057)(26,210)
State— (17,558)(1,634)
Foreign(1,348)(3,704)1,269 
Total deferred provision for income taxes(1,348)(143,319)(26,575)
Total provision for income taxes$(3,279)$(148,702)$(32,132)
Schedule of (Loss) Income before Provision for Income Taxes
The following table presents our (loss) income before provision for income taxes (in thousands):
Years Ended December 31,
202520242023
United States$(91,155)$(297,183)$61,152 
Foreign(8,987)(391,183)(10,840)
Total (loss) income before provision for income taxes$(100,142)$(688,366)$50,312 
Schedule of Effective Income Tax Rate Reconciliation The following table presents the required disclosures subsequent to our adoption for the differences between our provision for income taxes as presented in the accompanying consolidated statements of operations and the income tax expense computed at the federal statutory rate as a percentage and amount of (loss) income before provision for income taxes (in thousands, except percentages):
Year Ended December 31, 2025
DollarsPercent
U.S. federal statutory tax rate $21,031 21.0 %
State and local income taxes, net of federal income tax effect(1)
304 0.3 
Foreign tax effects
     India
          Withholding tax(1,641)(1.6)
     United Kingdom
          Change in valuation allowance(3,391)(3.4)
          Other(357)(0.4)
     Other foreign jurisdictions(2,083)(2.1)
Effect of changes in tax laws or rates enacted in the current period— — 
Effect of cross-border tax laws
     Foreign branch loss3,934 3.9 
Tax credits— — 
Change in valuation allowance(12,937)(12.9)
Nontaxable or nondeductible Items
     Share-based payment awards(8,414)(8.4)
     Other275 0.3 
Change in unrecognized tax benefits— — 
Other adjustments— — 
     Effective tax rate$(3,279)(3.3)%
_____________________________________________________
(1) State taxes in Texas made up the majority (greater than 50 percent) of the tax effect in this category.
The following table presents the required disclosures prior to our adoption of ASU 2023-09 and presents the differences between our provision for income taxes as presented in the accompanying consolidated statements of operations and the income tax expense computed at the federal statutory rate as a percentage of (loss) income before provision for income taxes (in percentages):
Years Ended December 31,
20242023
Income tax at U.S. statutory rate21.0 %21.0 %
State, net of federal benefit2.9 11.6 
Taxes on foreign earnings1.7 0.7 
Share-based compensation(2.5)39.3 
Non-deductible expenses— (2.5)
Effect of flow-through entities12.5 — 
Goodwill impairment(17.1)— 
Tax credits— 0.8 
Change in valuation allowance(40.1)4.2 
Settlement of unrecognized tax benefits— (8.0)
Foreign-derived intangible income0.1 (5.2)
Other(0.1)2.0 
Total(21.6)%63.9 %
Schedule of Cash Paid for Income Taxes, Net of Refunds Received
The following table presents the required disclosures subsequent to our adoption of ASU 2023-09 for cash paid for income taxes, net of refunds received, by jurisdiction (in thousands):
Year Ended December 31, 2025
Federal$— 
State95 
Foreign
   India3,201 
   Spain1,317 
   Other foreign jurisdictions(24)
Total cash paid for income taxes, net of refunds$4,589 
Schedule of Deferred Tax Assets and Liabilities
The following table presents a summary of our deferred tax assets and liabilities (in thousands):
December 31,
20252024
Deferred tax assets:
Research and experimental expenditures capitalization$82,418 $102,382 
Net operating loss and credits carryforwards112,376 80,413 
Accrued expenses and reserves31,973 25,039 
Share-based compensation455 3,414 
Convertible senior notes161 1,790 
Goodwill81,814 89,583 
Property and equipment and intangible assets26,193 15,947 
Gross deferred tax assets335,390 318,568 
Valuation allowance(325,401)(307,985)
Total deferred tax assets$9,989 $10,583 
Deferred tax liabilities:
Other$(10,235)$(11,396)
Net deferred tax liability$(246)$(812)
Schedule of Reconciliation of Unrecognized Tax Benefits
The following table presents the reconciliation of the beginning and ending balances of the total amount of unrecognized tax benefits, excluding accrued interest and penalties (in thousands):
Years Ended December 31,
202520242023
Beginning balance$12,708 $12,400 $16,953 
Increase in tax positions for prior years— 13 — 
Decrease in tax positions for prior years(130)— (131)
Decrease in tax positions for prior year settlement— — (4,703)
Increase in tax positions for current year164 295 281 
Ending balance$12,742 $12,708 $12,400 
v3.25.4
Restructuring Charges (Tables)
12 Months Ended
Dec. 31, 2025
Restructuring and Related Activities [Abstract]  
Schedule of Reconciliation of Restructuring Liability
The following table presents a reconciliation of the beginning and ending restructuring liability balance (in thousands):
Year Ended December 31, 2025
One-Time Termination BenefitsFacility Exit CostsTotal
Beginning balance
$— $— $— 
Restructuring charges
16,129 1,742 17,871 
Restructuring payments
(7,931)(48)(7,979)
Ending balance
$8,198 $1,694 $9,892 
The following table presents a reconciliation of the beginning and ending restructuring liability balance (in thousands):
Year Ended December 31, 2025
Beginning balance
$— 
Restructuring charges
30,184 
Restructuring payments
(23,921)
Ending balance
$6,263 
The following table presents a reconciliation of the beginning and ending restructuring liability balance (in thousands):
 Year Ended December 31, 2025
Beginning balance
$3,915 
Restructuring charges
2,458 
Restructuring payments
(6,235)
Ending balance
$138 
The following table presents a reconciliation of the beginning and ending restructuring liability balance (in thousands):
 Year Ended December 31, 2025
Beginning balance
$3,395 
Restructuring charges
1,026 
Restructuring payments
(3,964)
Ending balance
$457 
v3.25.4
Consolidated Balance Sheets Details (Tables)
12 Months Ended
Dec. 31, 2025
Balance Sheet Details [Abstract]  
Schedule of Other Current Assets
Other current assets consist of the following (in thousands):
December 31,
20252024
Insurance loss recovery$1,190 $55,000 
Restricted cash575 956 
Other15,092 25,138 
Other current assets$16,857 $81,094 
Schedule of Accrued Liabilities
Accrued liabilities consist of the following (in thousands):
December 31,
20252024
Restructuring liability$15,592 $7,310 
Taxes payable11,331 11,319 
Loss contingency 8,190 62,000 
Current operating lease liabilities4,279 5,625 
Other14,857 29,106 
Accrued liabilities$54,249 $115,360 
v3.25.4
Consolidated Statements of Operations Details (Tables)
12 Months Ended
Dec. 31, 2025
Other Income and Expenses [Abstract]  
Schedule of Other Income, Net
The following table presents the details of other income, net (in thousands):
Years Ended December 31,
202520242023
Gain on early extinguishment of debt(1)
$7,838 $19,515 $85,926 
Interest income8,815 28,050 37,411 
Realized gain (loss) on sale of investments(2)
752 (27)(2,106)
Gain on sale of equity investment— 3,783 — 
Other(101)11 579 
Total other income, net
$17,304 $51,332 $121,810 
_____________________________________________________
(1) For further information, see “Note 8. Convertible Senior Notes.”
(2) For further information, see “Note 5. Cash and Cash Equivalents, and Investments and Fair Value Measurements.”
v3.25.4
Segment Information (Tables)
12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Schedule of Significant Segment Expenses
The following table presents information about our significant segment expenses and includes a reconciliation to net (loss) income (in thousands):
Years Ended December 31,
202520242023
Net revenues$376,908 $617,574 $716,295 
Less:
Cost of revenues152,151 180,927 225,941 
Research and development93,453 170,431 191,705 
Paid marketing expenses(1)
33,275 55,381 57,351 
Other sales and marketing(2)
35,479 52,948 69,240 
General and administrative177,406 217,756 236,183 
Impairment expense2,000 677,239 3,600 
Total segment expenses493,764 1,354,682 784,020 
Other segment items(3)
13,435 (99,960)85,905 
Net (loss) income$(103,421)$(837,068)$18,180 
_____________________________________________________
(1)Paid marketing expenses consist primarily of online advertising and marketing promotional expenditures.
(2)Other sales and marketing primarily consists of employee-related expenses, including share-based compensation expense, and depreciation and amortization expenses.
(3)Other segment items consist of all interest expense, other income, and provision for income taxes.
Schedule of Revenue by Product Line
The following table presents our total net revenues for our Chegg Skilling and Academic Services product lines (in thousands):
Years Ended December 31,
202520242023
Chegg Skilling$68,654 $73,959 $76,812 
Academic Services308,254 543,615 639,483 
Total net revenues$376,908 $617,574 $716,295 
Schedule of Revenue by Geographic Areas
The following table presents our total net revenues by geographic area (in thousands):
Years Ended December 31,
202520242023
United States$320,291 $537,605 $616,359 
International56,617 79,969 99,936 
Total net revenues$376,908 $617,574 $716,295 
The following table presents our long-lived assets by geographic area (in thousands):
December 31,
20252024
United States$106,918 $172,483 
India12,907 16,274 
Other international8,531 4,147 
Total long-lived assets$128,356 $192,904 

v3.25.4
Background and Basis of Presentation (Details)
$ in Millions
Dec. 31, 2024
USD ($)
Revision of Prior Period, Reclassification, Adjustment  
Error Corrections and Prior Period Adjustments Restatement [Line Items]  
Deferred tax assets, net $ 1.0
v3.25.4
Significant Accounting Policies - Investments (Details)
12 Months Ended
Dec. 31, 2025
Accounting Policies [Abstract]  
Weighted average maturity 18 months
v3.25.4
Significant Accounting Policies - Property Plant and Equipment (Details)
Dec. 31, 2025
Content  
Property, Plant and Equipment [Line Items]  
Useful life 5 years
Internal-use software and website development  
Property, Plant and Equipment [Line Items]  
Useful life 3 years
Leasehold improvements  
Property, Plant and Equipment [Line Items]  
Useful life 5 years
Furniture and fixtures  
Property, Plant and Equipment [Line Items]  
Useful life 5 years
Computers and equipment  
Property, Plant and Equipment [Line Items]  
Useful life 3 years
v3.25.4
Significant Accounting Policies - Paid Marketing Expense (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Accounting Policies [Abstract]      
Paid marketing expenses $ 33.3 $ 55.4 $ 57.4
v3.25.4
Significant Accounting Policies - Share-based Compensation Expense (Details)
12 Months Ended
Dec. 31, 2025
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Conversion ratio 1
Restricted Stock Units (RSUs) | Minimum  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Vesting period of stock awards 1 year
Restricted Stock Units (RSUs) | Maximum  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Vesting period of stock awards 3 years
Performance Shares, Financial And Strategic Performance Targets  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Vesting period of stock awards 3 years
v3.25.4
Significant Accounting Policies - Foreign Currency Translation and Remeasurement (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Accounting Policies [Abstract]      
Net gains (losses) from remeasurement of foreign currency transactions $ 1.4 $ 0.0 $ 0.0
v3.25.4
Revenues - Disaggregation of Revenue (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Disaggregation of Revenue [Line Items]      
Total net revenues $ 376,908 $ 617,574 $ 716,295
Change, Total net revenues $ (240,666) $ (98,721)  
Change, Total net revenues, percent (39.00%) (14.00%)  
Chegg Skilling      
Disaggregation of Revenue [Line Items]      
Total net revenues $ 68,654 $ 73,959 76,812
Change, Total net revenues $ (5,305) $ (2,853)  
Change, Total net revenues, percent (7.00%) (4.00%)  
Academic Services      
Disaggregation of Revenue [Line Items]      
Total net revenues $ 308,254 $ 543,615 $ 639,483
Change, Total net revenues $ (235,361) $ (95,868)  
Change, Total net revenues, percent (43.00%) (15.00%)  
v3.25.4
Revenues - Narrative (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenue from Contract with Customer [Abstract]      
Contract with customer, liability, revenue recognized $ 39,200 $ 53,500 $ 54,500
Contract with customer, liability, revenue recognized, prior period 0 2,800 0
Closing balance of deferred contract cost 3,100 2,800  
Deferred contract cost amortization 14,300 $ 16,100 $ 15,800
Decrease in accounts receivable, net $ 8,037    
Decrease in accounts receivable, net, percent 34.00%    
Decrease in contract assets $ 491    
Decrease in contract assets, percent 7.00%    
Decrease in deferred revenue $ 9,542    
Decrease in deferred revenue, percent 24.00%    
v3.25.4
Revenues - Contract Balances (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Revenue from Contract with Customer [Abstract]    
Accounts receivable, net $ 15,604 $ 23,641
Change in accounts receivable, net $ (8,037)  
Change in accounts receivable, net, percent (34.00%)  
Contract assets $ 6,536 7,027
Change in contract assets $ (491)  
Change in contract assets, percent (7.00%)  
Deferred revenue $ 29,675 $ 39,217
Change in deferred revenue $ (9,542)  
Change in deferred revenue, percent (24.00%)  
v3.25.4
Net (Loss) Income Per Share - Computation of Basic and Diluted Net (Loss) Income Per Share (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Numerator:      
Net (loss) income $ (103,421) $ (837,068) $ 18,180
Convertible senior notes activity, net of tax 0 0 (61,694)
Net loss, diluted $ (103,421) $ (837,068) $ (43,514)
Denominator:      
Weighted average shares used to compute net (loss) income per share, basic (in shares) 107,484 103,300 116,504
Net (loss) income per share, basic (in dollars per share) $ (0.96) $ (8.10) $ 0.16
Shares related to convertible senior notes (in shares) 0 0 12,065
Weighted average shares used to compute net loss per share, diluted (in shares) 107,484 103,300 128,569
Net loss per share, diluted (in dollars per share) $ (0.96) $ (8.10) $ (0.34)
v3.25.4
Net (Loss) Income Per Share - Shares Excluded From Computation Of Diluted Net Loss Per Share (Details) - shares
shares in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]      
Total common stock equivalents (in shares) 5,855 16,440 8,442
Shares related to stock plan activity      
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]      
Total common stock equivalents (in shares) 3,786 7,206 8,442
Shares related to convertible senior notes      
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]      
Total common stock equivalents (in shares) 2,069 9,234 0
v3.25.4
Cash and Cash Equivalents, and Investments and Fair Value Measurements - Adjusted Cost, Unrealized Gain, Unrealized Loss and Fair Value (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Schedule Of Available For Sale Securities [Line Items]    
Cash and cash equivalents $ 31,146 $ 161,475
Adjusted Cost 68,043  
Fair Value 68,270  
Cash    
Schedule Of Available For Sale Securities [Line Items]    
Cash and cash equivalents 16,942 28,716
Level 1 | Money market funds    
Schedule Of Available For Sale Securities [Line Items]    
Cash and cash equivalents 14,204 132,759
Short-term investments:    
Schedule Of Available For Sale Securities [Line Items]    
Adjusted Cost   154,130
Unrealized Gain   157
Unrealized Loss   (38)
Fair Value   154,249
Short-term investments: | Corporate debt securities | Level 2    
Schedule Of Available For Sale Securities [Line Items]    
Adjusted Cost 41,549 113,968
Unrealized Gain 125 157
Unrealized Loss 0 (29)
Fair Value 41,674 114,096
Short-term investments: | U.S. treasury securities | Level 1    
Schedule Of Available For Sale Securities [Line Items]    
Adjusted Cost   40,162
Unrealized Gain   0
Unrealized Loss   (9)
Fair Value   40,153
Long-term investments:    
Schedule Of Available For Sale Securities [Line Items]    
Adjusted Cost   211,921
Unrealized Gain   833
Unrealized Loss   (104)
Fair Value   212,650
Long-term investments: | Corporate debt securities | Level 2    
Schedule Of Available For Sale Securities [Line Items]    
Adjusted Cost 12,290 133,516
Unrealized Gain 102 736
Unrealized Loss 0 (78)
Fair Value $ 12,392 134,174
Long-term investments: | U.S. treasury securities | Level 1    
Schedule Of Available For Sale Securities [Line Items]    
Adjusted Cost   78,405
Unrealized Gain   97
Unrealized Loss   (26)
Fair Value   $ 78,476
v3.25.4
Cash and Cash Equivalents, and Investments and Fair Value Measurements - Realized Gain (Loss) Related to Investments (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash and Cash Equivalents [Abstract]      
Realized gain $ 813 $ 16 $ 346
Realized loss (61) (43) (2,452)
Total realized gain (loss) $ 752 $ (27) $ (2,106)
v3.25.4
Cash and Cash Equivalents, and Investments and Fair Value Measurements - Fair Value by Contractual Maturity (Details)
$ in Thousands
Dec. 31, 2025
USD ($)
Adjusted Cost  
Due within one year $ 41,549
Due after one year through three years 12,290
Investments not due at a single maturity date 14,204
Adjusted Cost 68,043
Fair Value  
Due within one year 41,674
Due after one year through three years 12,392
Investments not due at a single maturity date 14,204
Total $ 68,270
v3.25.4
Cash and Cash Equivalents, and Investments and Fair Value Measurements - Narrative (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Jul. 31, 2022
Schedule of Investments [Line Items]        
Impairment of equity investment $ 6,000 $ 0 $ 0  
2026 Notes | Estimate of Fair Value Measurement | Senior Notes        
Schedule of Investments [Line Items]        
Convertible senior notes 45,000 $ 105,800    
Knack Technologies, Inc        
Schedule of Investments [Line Items]        
Investment without readily determinable fair value       $ 6,000
Impairment of equity investment $ 6,000      
v3.25.4
Property and Equipment, Net - Schedule of Property, Plant and Equipment (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Property, Plant and Equipment [Line Items]    
Property and equipment $ 399,996 $ 463,747
Less accumulated depreciation (284,828) (293,099)
Property and equipment, net 115,168 170,648
Content    
Property, Plant and Equipment [Line Items]    
Property and equipment 351,416 381,629
Internal-use software and website development    
Property, Plant and Equipment [Line Items]    
Property and equipment 42,677 67,612
Leasehold improvements    
Property, Plant and Equipment [Line Items]    
Property and equipment 2,827 8,207
Furniture and fixtures    
Property, Plant and Equipment [Line Items]    
Property and equipment 1,127 3,346
Computer and equipment    
Property, Plant and Equipment [Line Items]    
Property and equipment $ 1,949 $ 2,953
v3.25.4
Property and Equipment, Net - Narrative (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Property, Plant and Equipment [Line Items]      
Depreciation expense $ 74.3 $ 68.3 $ 105.3
Accelerated depreciation 16.2    
Software and Software Development Costs and Content Assets      
Property, Plant and Equipment [Line Items]      
Impairment charges 18.2    
Software Development      
Property, Plant and Equipment [Line Items]      
Impaired assets to be disposed of by method other than sale, impairment loss $ 2.0    
v3.25.4
Goodwill and Intangible Assets - Goodwill (Details)
$ in Thousands
12 Months Ended
Dec. 31, 2024
USD ($)
Goodwill [Roll Forward]  
Beginning balance $ 631,995
Goodwill, Impairment Loss, Statement of Income or Comprehensive Income [Extensible Enumeration] Impairment expense
Impairment expense $ (635,391)
Foreign currency translation adjustment 3,396
Ending balance $ 0
v3.25.4
Goodwill and Intangible Assets - Narrative (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Finite Lived Intangible Assets [Line Items]      
Goodwill, impairment loss   $ 635,391  
Impairment of intangible assets (excluding goodwill)   $ 31,900  
Impairment, intangible asset, statement of income or comprehensive income [extensible enumeration]   Impairment expense  
Acquisition-Related Intangible Assets      
Finite Lived Intangible Assets [Line Items]      
Amortization expense of acquisition related to acquired intangible assets $ 4,300 $ 10,000 $ 24,400
v3.25.4
Goodwill and Intangible Assets - Intangible Assets (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Finite Lived Intangible Assets [Line Items]    
Weighted-Average Amortization Period (in months) 67 months 67 months
Gross Carrying Amount $ 169,336 $ 169,336
Accumulated Amortization (125,800) (121,494)
Accumulated Impairment (31,862) (31,862)
Foreign Currency Translation Adjustment (5,633) (5,633)
Total $ 6,041 $ 10,347
Developed technologies    
Finite Lived Intangible Assets [Line Items]    
Weighted-Average Amortization Period (in months) 80 months 80 months
Gross Carrying Amount $ 106,703 $ 106,703
Accumulated Amortization (67,335) (63,029)
Accumulated Impairment (29,369) (29,369)
Foreign Currency Translation Adjustment (3,958) (3,958)
Total $ 6,041 $ 10,347
Content libraries    
Finite Lived Intangible Assets [Line Items]    
Weighted-Average Amortization Period (in months) 60 months 60 months
Gross Carrying Amount $ 12,230 $ 12,230
Accumulated Amortization (12,230) (12,230)
Accumulated Impairment 0 0
Foreign Currency Translation Adjustment 0 0
Total $ 0 $ 0
Customer lists    
Finite Lived Intangible Assets [Line Items]    
Weighted-Average Amortization Period (in months) 35 months 35 months
Gross Carrying Amount $ 34,190 $ 34,190
Accumulated Amortization (32,892) (32,892)
Accumulated Impairment 0 0
Foreign Currency Translation Adjustment (1,298) (1,298)
Total $ 0 $ 0
Trade and domain names    
Finite Lived Intangible Assets [Line Items]    
Weighted-Average Amortization Period (in months) 52 months 52 months
Gross Carrying Amount $ 16,213 $ 16,213
Accumulated Amortization (13,343) (13,343)
Accumulated Impairment (2,493) (2,493)
Foreign Currency Translation Adjustment (377) (377)
Total $ 0 $ 0
v3.25.4
Goodwill and Intangible Assets - Estimated Future Amortization Expense Related to Intangible Assets (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]    
2026 $ 3,831  
2027 1,776  
2028 407  
2029 27  
Total $ 6,041 $ 10,347
v3.25.4
Convertible Senior Notes - Narrative (Details)
$ / shares in Units, $ in Thousands
1 Months Ended 12 Months Ended
Mar. 15, 2025
USD ($)
Dec. 31, 2025
USD ($)
$ / shares
shares
Mar. 31, 2025
USD ($)
Aug. 31, 2020
USD ($)
$ / shares
Dec. 31, 2025
USD ($)
$ / shares
shares
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Apr. 30, 2019
USD ($)
Debt Instrument [Line Items]                
Repayments of convertible senior notes         $ 424,848 $ 96,520 $ 505,986  
Gain on early extinguishments of debt         7,838 19,515 $ 85,926  
2026 Notes | Senior Notes                
Debt Instrument [Line Items]                
Face value       $ 1,000,000        
Interest rate, stated percentage       0.00%        
Principal amount   $ 53,860     53,860 127,906    
Repayments of convertible senior notes   8,300 $ 57,400          
Conversion ratio       0.0092978        
Conversion price (in dollars per share) | $ / shares       $ 107.55        
Debt extinguished   8,900 65,200          
Extinguishment incurred     200          
Repayments of convertible debt and extinguishment fees   8,400 57,600          
Carrying amount of extinguished notes   8,800 64,900   $ 8,800      
Gain on early extinguishments of debt   $ 500 $ 7,400          
2026 Notes | Senior Notes | Capped Call                
Debt Instrument [Line Items]                
Debt instrument, convertible (in shares) | shares   9,297,800     9,297,800      
Conversion price (in dollars per share) | $ / shares   $ 156.44     $ 156.44      
Net proceeds       $ 103,400        
2025 Notes | Senior Notes                
Debt Instrument [Line Items]                
Face value               $ 800,000
Interest rate, stated percentage               0.125%
Principal amount   $ 0     $ 0 $ 358,914    
Repayments of convertible senior notes $ 358,900              
v3.25.4
Convertible Senior Notes - Net Carrying Amount (Details) - Senior Notes - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
2026 Notes    
Debt Instrument [Line Items]    
Principal amount $ 53,860 $ 127,906
Unamortized issuance costs (95) (562)
Net carrying amount 53,765 127,344
2025 Notes    
Debt Instrument [Line Items]    
Principal amount 0 358,914
Unamortized issuance costs 0 (309)
Net carrying amount $ 0 $ 358,605
v3.25.4
Convertible Senior Notes - Interest Expense Recognized (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Debt Instrument [Line Items]      
Amortization of issuance costs $ 500 $ 2,147 $ 3,156
Senior Notes | 2026 Notes      
Debt Instrument [Line Items]      
Contractual interest expense 0 0 0
Amortization of issuance costs 192 620 1,035
Total interest expense 192 620 1,035
Senior Notes | 2025 Notes      
Debt Instrument [Line Items]      
Contractual interest expense 90 443 621
Amortization of issuance costs 308 1,527 2,121
Total interest expense $ 398 $ 1,970 $ 2,742
v3.25.4
Leases - Narrative (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Lessee, Lease, Description [Line Items]      
Right of use assets $ 13,188 $ 22,256  
Operating lease liability $ 19,484 $ 24,100  
Weighted average remaining lease term for operating lease 5 years 10 months 24 days 6 years 3 months 18 days  
Weighted average discount rate used to determine the operating lease liability 6.00% 5.60%  
Impairment expense $ 2,000 $ 677,239 $ 3,600
Operating leases $ 1,636 10,108 12,407
Lease term 2 years    
Lease expense $ 4,900 $ 7,500 $ 7,600
Facility Closing      
Lessee, Lease, Description [Line Items]      
Impairment expense 7,300    
Operating lease, impairment loss 6,400    
Impairment of leasehold $ 900    
v3.25.4
Leases - Maturities of Operating Lease Liabilities (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Leases [Abstract]    
2026 $ 4,795  
2027 4,393  
2028 3,439  
2029 1,867  
2030 2,163  
Thereafter 5,854  
Total future minimum lease payments 22,511  
Less imputed interest (3,027)  
Total operating lease liabilities $ 19,484 $ 24,100
v3.25.4
Commitments and Contingencies (Details) - USD ($)
$ in Millions
12 Months Ended
Sep. 26, 2024
Dec. 31, 2025
Loss Contingencies [Line Items]    
Loss contingency, net of insurance loss recovery   $ 7.0
Steven Leventhal | Settled Litigation    
Loss Contingencies [Line Items]    
Litigation settlement, amount awarded to other party $ 55.0  
Contingent liability relieved   55.0
ROSCA CID | Pending Litigation    
Loss Contingencies [Line Items]    
Contingent liability relieved   $ 7.5
v3.25.4
Common Stock - Narrative (Details) - $ / shares
Oct. 11, 2023
Jun. 07, 2023
Dec. 31, 2025
Apr. 17, 2025
Dec. 31, 2024
Class of Stock [Line Items]          
Common stock, shares authorized (in shares)     400,000,000   400,000,000
Common stock, par value (in dollars per share)     $ 0.001   $ 0.001
Shares available for issuance (in shares)     20,477,377    
Employee Stock Purchase Plan          
Class of Stock [Line Items]          
Shares available for issuance (in shares)   4,000,000      
Share-based compensation arrangement by share-based payment award, maximum offering period   27 months      
2023 Equity Incentive Plan          
Class of Stock [Line Items]          
Shares available for issuance (in shares)   12,000,000      
Additional capital shares reserved for future issuance (in shares)       5,000,000  
Shares available for grant (in shares)     6,606,932    
2013 Employee Stock Purchase Plan | Employee Stock Purchase Plan          
Class of Stock [Line Items]          
Shares available for issuance (in shares)     2,195,773    
Share-based compensation arrangement by share-based payment award, discount from market price, purchase date   15.00%      
2023 Equity Inducement Plan          
Class of Stock [Line Items]          
Shares available for issuance (in shares) 2,000,000        
Shares available for grant (in shares)     1,575,489    
Common shares reserved for future issuance, length of termination period 10 years        
v3.25.4
Common Stock - Schedule of Common Stock Reserved for Future Issuance (Details) - shares
Dec. 31, 2025
Dec. 31, 2024
Oct. 11, 2023
Jun. 07, 2023
Class of Stock [Line Items]        
Shares available for issuance (in shares) 20,477,377      
Outstanding stock options (in shares) 58,175 182,076    
2023 Equity Incentive Plan        
Class of Stock [Line Items]        
Shares available for grant (in shares) 6,606,932      
Shares available for issuance (in shares)       12,000,000
2023 Equity Inducement Plan        
Class of Stock [Line Items]        
Shares available for grant (in shares) 1,575,489      
Shares available for issuance (in shares)     2,000,000  
PSUs and RSUs        
Class of Stock [Line Items]        
Outstanding RSUs and PSUs (in shares) 10,041,008 7,386,965    
Employee Stock Purchase Plan        
Class of Stock [Line Items]        
Shares available for issuance (in shares)       4,000,000
Employee Stock Purchase Plan | 2013 Employee Stock Purchase Plan        
Class of Stock [Line Items]        
Shares available for issuance (in shares) 2,195,773      
v3.25.4
Stockholders' Equity - Narrative (Details) - USD ($)
$ / shares in Units, $ in Thousands
1 Months Ended 12 Months Ended
Aug. 29, 2013
Nov. 30, 2025
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Purchase price     $ 0 $ 2,569 $ 334,806
Share-based compensation expense capitalized     $ 1,000 $ 4,900 $ 3,300
Offering period 6 months        
Stock issued during period, shares, employee stock purchase plans (in shares)     811,545 859,302 454,533
Weighted average purchase price of shares purchased (in dollars per share)     $ 0.72 $ 3.05 $ 8.10
Share-based compensation expense     $ 31,864 $ 84,614 $ 133,502
Stock option awards (in shares)     0 0 0
Exercised in period (in shares)     0 0  
Exercises in period, intrinsic value         $ 200
PSUs and RSUs          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Unrecognized compensation costs related to restricted stock units     $ 10,600    
Weighted-average vesting period     1 year 5 months 8 days    
Granted (in shares)     13,335,528    
Granted (in dollars per share)     $ 1.11 $ 4.24 $ 14.58
Total fair value of awards vested     $ 7,900 $ 26,100 $ 45,300
Performance-based Restricted Stock Units          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Granted (in shares)       693,750 565,341
Granted (in dollars per share)       $ 3.61 $ 15.89
Performance-based Restricted Stock Units | Minimum | March 2023 PSU Grants          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Vesting period of stock awards     1 year    
Performance-based Restricted Stock Units | Minimum | June 2024 PSU Grants          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Vesting period of stock awards     1 year    
Performance-based Restricted Stock Units | Maximum | March 2023 PSU Grants          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Vesting period of stock awards     3 years    
Performance-based Restricted Stock Units | Maximum | June 2024 PSU Grants          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Vesting period of stock awards     3 years    
Performance Shares, Market Based Conditions          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Vesting period of stock awards   3 years      
Granted (in shares)   4,350,000      
Granted (in dollars per share)   $ 0.62      
Consecutive trading days achieving maximum average market value   60 days      
Performance Shares, Market Based Conditions | Share-based Payment Arrangement, Tranche One          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
PSUs expected to vest (in shares)   1,087,500      
Volume-weighted average price per share (in dollars per share)   $ 1.88      
Performance Shares, Market Based Conditions | Share-based Payment Arrangement, Tranche Two          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
PSUs expected to vest (in shares)   1,087,500      
Volume-weighted average price per share (in dollars per share)   $ 2.19      
Performance Shares, Market Based Conditions | Share-based Payment Arrangement, Tranche Three          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
PSUs expected to vest (in shares)   1,087,500      
Volume-weighted average price per share (in dollars per share)   $ 2.50      
Performance Shares, Market Based Conditions | Share-Based Payment Arrangement, Tranche Four          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
PSUs expected to vest (in shares)   1,087,500      
Volume-weighted average price per share (in dollars per share)   $ 2.81      
Employee Stock Purchase Plan          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Proceeds from issuance of shares under ESPP     $ 600 $ 2,600 $ 3,700
Share-based compensation expense     400 $ 1,500 $ 2,500
Securities Repurchase Program          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Purchase price     $ 0    
November 2023 Accelerated Share Repurchase Program          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Stock repurchased and retired during period, shares (in shares)       2,115,952 13,498,313
Accelerated Share Repurchase Program          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Stock repurchased and retired during period, shares (in shares)         26,505,979
Open Market Transactions          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Stock repurchased and retired during period, shares (in shares)         3,433,157
February 2023 Accelerated Share Repurchase Program          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Stock repurchased and retired during period, shares (in shares)         9,574,509
v3.25.4
Stockholders' Equity - Share-based Compensation Expense (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]      
Total share-based compensation expense $ 31,864 $ 84,614 $ 133,502
Cost of revenues      
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]      
Total share-based compensation expense 503 1,786 2,256
Research and development      
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]      
Total share-based compensation expense 6,812 28,044 44,103
Sales and marketing      
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]      
Total share-based compensation expense 2,174 7,466 9,524
General and administrative      
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]      
Total share-based compensation expense $ 22,375 $ 47,318 $ 77,619
v3.25.4
Stockholders' Equity - Schedule of Assumptions (Details) - $ / shares
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Performance Shares, Market Based Conditions      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Expected term (years) 2 years 11 months 12 days    
Expected volatility 80.62%    
Expected dividends 0.00%    
Risk-free interest rate 3.57%    
Employee Stock Purchase Plan      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Expected term (years) 6 months 6 months 6 months
Expected dividends 0.00% 0.00% 0.00%
Weighted-average grant-date fair value per share $ 0.44 $ 0.90 $ 3.62
Employee Stock Purchase Plan | Minimum      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Expected volatility 105.68% 60.95% 55.79%
Risk-free interest rate 3.81% 4.44% 5.24%
Employee Stock Purchase Plan | Maximum      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Expected volatility 122.96% 85.39% 109.39%
Risk-free interest rate 4.29% 5.40% 5.41%
v3.25.4
Stockholders' Equity - Schedule of Restricted Stock Unit Activity (Details) - RSUs and PSUs - $ / shares
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Restricted Stock Units Outstanding      
Outstanding, beginning (in shares) 7,386,965    
Granted (in shares) 13,335,528    
Released (in shares) (7,931,184)    
Forfeited (in shares) (2,750,301)    
Outstanding, ending (in shares) 10,041,008 7,386,965  
Weighted-Average Grant Date Fair Value      
Beginning balance (in dollars per share) $ 10.58    
Granted (in dollars per share) 1.11 $ 4.24 $ 14.58
Released (in dollars per share) 5.47    
Forfeited (in dollars per share) 12.06    
Ending balance (in dollars per share) $ 1.56 $ 10.58  
v3.25.4
Stockholders' Equity - Schedule of Stock Option Activity (Details) - USD ($)
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Number of Stock Options Outstanding    
Number of options outstanding, beginning (shares) 182,076  
Number of options, forfeited (shares) (123,901)  
Number of options outstanding, ending (shares) 58,175 182,076
Weighted-Average Exercise Price per Share    
Weighted average exercise price per share, outstanding, beginning (in dollars per share) $ 5.74  
Weighted average exercise price per share, forfeited (in dollars per share) 6.09  
Weighted average exercise per, outstanding, ending (in dollars per share) $ 5.00 $ 5.74
Options outstanding, weighted-average remaining contractual term 5 months 1 day 1 year 2 months 1 day
Options outstanding, aggregate intrinsic value $ 0 $ 0
v3.25.4
Income Taxes - Narrative (Details) - USD ($)
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating Loss Carryforwards [Line Items]        
Provision for income taxes $ 3,279,000 $ 148,702,000 $ 32,132,000  
Increase in valuation allowance 17,400,000 267,800,000 4,000,000.0  
Deferred tax liabilities, undistributed foreign earnings 6,200,000      
Foreign earnings repatriated 10,800,000 23,000,000.0    
Payment of withholding tax 1,621,000 3,450,000 0  
Net tax expense accrued 1,100,000      
Interest and penalties accrued related to uncertain tax positions 0      
Unrecognized tax benefits 12,742,000 $ 12,708,000 $ 12,400,000 $ 16,953,000
United States        
Operating Loss Carryforwards [Line Items]        
Net operating loss carryforwards 243,000,000      
Tax credit carryforwards 13,600,000      
State and Local Tax Jurisdiction, Other        
Operating Loss Carryforwards [Line Items]        
Net operating loss carryforwards 288,000,000      
Tax credit carryforwards 18,100,000      
United Kingdom        
Operating Loss Carryforwards [Line Items]        
Net operating loss carryforwards $ 144,000,000      
v3.25.4
Income Taxes - Provision for Income Taxes (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Current income taxes:      
Federal $ 372 $ (234) $ (2,460)
State 257 (1,128) (3,064)
Foreign (2,560) (4,021) (33)
Total current provision for income taxes (1,931) (5,383) (5,557)
Deferred income taxes:      
Federal 0 (122,057) (26,210)
State 0 (17,558) (1,634)
Foreign (1,348) (3,704) 1,269
Total deferred provision for income taxes (1,348) (143,319) (26,575)
Total provision for income taxes $ (3,279) $ (148,702) $ (32,132)
v3.25.4
Income Taxes - (Loss) Income Before Provision for Income Taxes (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Income Tax Disclosure [Abstract]      
United States $ (91,155) $ (297,183) $ 61,152
Foreign (8,987) (391,183) (10,840)
(Loss) income before provision for income taxes $ (100,142) $ (688,366) $ 50,312
v3.25.4
Income Taxes - Effective Income Tax Reconciliation (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dollars      
U.S. federal statutory tax rate $ 21,031    
State and local income taxes, net of federal income tax effect 304    
Effect of changes in tax laws or rates enacted in the current period 0    
Effect of cross-border tax laws      
Foreign branch loss 3,934    
Tax credits 0    
Nontaxable or nondeductible Items      
Share-based payment awards (8,414)    
Other 275    
Change in unrecognized tax benefits 0    
Total provision for income taxes $ (3,279) $ (148,702) $ (32,132)
Percent      
U.S. federal statutory tax rate 21.00% 21.00% 21.00%
State and local income taxes, net of federal income tax effect 0.30% 2.90% 11.60%
Change in valuation allowance   (40.10%) 4.20%
Other   (0.10%) 2.00%
Other foreign jurisdictions   1.70% 0.70%
Effect of changes in tax laws or rates enacted in the current period 0.00%    
Effect of cross-border tax laws      
Foreign branch loss 3.90%    
Tax credits 0.00%    
Nontaxable or nondeductible Items      
Share-based payment awards (8.40%) (2.50%) 39.30%
Other 0.30% 0.00% (2.50%)
Change in unrecognized tax benefits 0.00% 0.00% (8.00%)
Effect of flow-through entities   0.125 0
Goodwill impairment   (17.10%) 0.00%
Tax credits   0.00% 0.80%
Foreign-derived intangible income   0.10% (5.20%)
Effective tax rate (3.30%) (21.60%) 63.90%
India      
Dollars      
Withholding tax $ (1,641)    
Percent      
Withholding tax (1.60%)    
United Kingdom      
Dollars      
Change in valuation allowance $ (3,391)    
Other $ (357)    
Percent      
Change in valuation allowance (3.40%)    
Other (0.40%)    
Other foreign jurisdictions      
Dollars      
Other foreign jurisdictions $ (2,083)    
Percent      
Other foreign jurisdictions (2.10%)    
United States      
Dollars      
Change in valuation allowance $ (12,937)    
Other $ 0    
Percent      
Change in valuation allowance (12.90%)    
Other 0.00%    
v3.25.4
Income Taxes - Cash Paid for Income Taxes, Net of Refunds Received (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Effective Income Tax Rate Reconciliation [Line Items]      
Federal $ 0    
State 95    
Total cash paid for income taxes, net of refunds 4,589 $ 8,085 $ 11,074
India      
Effective Income Tax Rate Reconciliation [Line Items]      
Foreign 3,201    
Spain      
Effective Income Tax Rate Reconciliation [Line Items]      
Foreign 1,317    
Other foreign jurisdictions      
Effective Income Tax Rate Reconciliation [Line Items]      
Foreign $ (24)    
v3.25.4
Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Deferred tax assets:    
Research and experimental expenditures capitalization $ 82,418 $ 102,382
Net operating loss and credits carryforwards 112,376 80,413
Accrued expenses and reserves 31,973 25,039
Share-based compensation 455 3,414
Convertible senior notes 161 1,790
Goodwill 81,814 89,583
Property and equipment and intangible assets 26,193 15,947
Gross deferred tax assets 335,390 318,568
Valuation allowance (325,401) (307,985)
Total deferred tax assets 9,989 10,583
Deferred tax liabilities:    
Other (10,235) (11,396)
Net deferred tax liability $ (246) $ (812)
v3.25.4
Income Taxes - Unrecognized Tax Benefits (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Unrecognized Tax Benefits [Roll Forward]      
Beginning balance $ 12,708 $ 12,400 $ 16,953
Increase in tax positions for prior years 0 13 0
Decrease in tax positions for prior years (130) 0 (131)
Decrease in tax positions for prior year settlement 0 0 (4,703)
Increase in tax positions for current year 164 295 281
Ending balance $ 12,742 $ 12,708 $ 12,400
v3.25.4
Restructuring Charges - Additional Information (Details)
$ in Thousands
8 Months Ended 12 Months Ended 14 Months Ended 19 Months Ended
Dec. 31, 2025
USD ($)
Dec. 31, 2025
USD ($)
Dec. 31, 2025
USD ($)
Dec. 31, 2025
USD ($)
Restructuring Cost and Reserve [Line Items]        
Restructuring incurred cost statement of income or comprehensive income extensible enumeration not disclosed flag   false    
October 2025 Restructuring Plan        
Restructuring Cost and Reserve [Line Items]        
Restructuring charges   $ 17,871    
October 2025 Restructuring Plan | Minimum        
Restructuring Cost and Reserve [Line Items]        
Additional restructuring charges $ 2,000 2,000 $ 2,000 $ 2,000
October 2025 Restructuring Plan | Maximum        
Restructuring Cost and Reserve [Line Items]        
Additional restructuring charges 3,000 3,000 3,000 3,000
May 2025 Restructuring Plan        
Restructuring Cost and Reserve [Line Items]        
Restructuring charges $ 30,200 30,184    
November 2024 Restructuring Plan        
Restructuring Cost and Reserve [Line Items]        
Restructuring charges   2,458 $ 17,100  
June 2024 Restructuring Plan        
Restructuring Cost and Reserve [Line Items]        
Restructuring charges   $ 1,026   $ 11,000
v3.25.4
Restructuring Charges - Restructuring and Related Costs (Details) - USD ($)
$ in Thousands
8 Months Ended 12 Months Ended 14 Months Ended 19 Months Ended
Dec. 31, 2025
Dec. 31, 2025
Dec. 31, 2025
Dec. 31, 2025
October 2025 Restructuring Plan        
Restructuring Reserve [Roll Forward]        
Beginning balance   $ 0    
Restructuring charges   17,871    
Restructuring payments   (7,979)    
Ending balance $ 9,892 9,892 $ 9,892 $ 9,892
October 2025 Restructuring Plan | One-Time Termination Benefits        
Restructuring Reserve [Roll Forward]        
Beginning balance   0    
Restructuring charges   16,129    
Restructuring payments   (7,931)    
Ending balance 8,198 8,198 8,198 8,198
October 2025 Restructuring Plan | Facility Exit Costs        
Restructuring Reserve [Roll Forward]        
Beginning balance   0    
Restructuring charges   1,742    
Restructuring payments   (48)    
Ending balance 1,694 1,694 1,694 1,694
May 2025 Restructuring Plan        
Restructuring Reserve [Roll Forward]        
Beginning balance   0    
Restructuring charges 30,200 30,184    
Restructuring payments   (23,921)    
Ending balance 6,263 6,263 6,263 6,263
November 2024 Restructuring Plan        
Restructuring Reserve [Roll Forward]        
Beginning balance   3,915    
Restructuring charges   2,458 17,100  
Restructuring payments   (6,235)    
Ending balance 138 138 138 138
June 2024 Restructuring Plan        
Restructuring Reserve [Roll Forward]        
Beginning balance   3,395    
Restructuring charges   1,026   11,000
Restructuring payments   (3,964)    
Ending balance $ 457 $ 457 $ 457 $ 457
v3.25.4
Consolidated Balance Sheets Details - Other Current Assets (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Balance Sheet Details [Abstract]    
Insurance loss recovery $ 1,190 $ 55,000
Restricted cash 575 956
Other 15,092 25,138
Other current assets $ 16,857 $ 81,094
v3.25.4
Consolidated Balance Sheets Details - Accrued Liabilities (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Balance Sheet Details [Abstract]    
Restructuring liability $ 15,592 $ 7,310
Taxes payable 11,331 11,319
Loss contingency $ 8,190 $ 62,000
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration] Accrued liabilities Accrued liabilities
Current operating lease liabilities $ 4,279 $ 5,625
Other 14,857 29,106
Accrued liabilities $ 54,249 $ 115,360
v3.25.4
Consolidated Statements of Operations Details (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Other Income and Expenses [Abstract]      
Gain on early extinguishment of debt $ 7,838 $ 19,515 $ 85,926
Interest income 8,815 28,050 37,411
Realized (gain) loss on sale of investments 752 (27) (2,106)
Gain on sale of equity investment 0 3,783 0
Other (101) 11 579
Total other income, net $ 17,304 $ 51,332 $ 121,810
v3.25.4
Employee Benefit Plan (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Retirement Benefits [Abstract]      
Matching contributions $ 2.7 $ 4.6 $ 4.9
v3.25.4
Segment Information - Narrative (Details)
12 Months Ended
Dec. 31, 2025
segment
Segment Reporting [Abstract]  
Number of operating segments 1
Number of reportable segments 1
v3.25.4
Segment Information - Schedule of Significant Segment Expenses (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Segment Reporting Information [Line Items]      
Net revenues $ 376,908 $ 617,574 $ 716,295
Cost of revenues 152,151 180,927 225,941
Research and development 93,453 170,431 191,705
Paid marketing expenses 33,300 55,400 57,400
General and administrative 177,406 217,756 236,183
Impairment expense 2,000 677,239 3,600
Net (loss) income (103,421) (837,068) 18,180
Reportable Segment      
Segment Reporting Information [Line Items]      
Net revenues 376,908 617,574 716,295
Cost of revenues 152,151 180,927 225,941
Research and development 93,453 170,431 191,705
Paid marketing expenses 33,275 55,381 57,351
Other sales and marketing 35,479 52,948 69,240
General and administrative 177,406 217,756 236,183
Impairment expense 2,000 677,239 3,600
Total segment expenses 493,764 1,354,682 784,020
Other segment items 13,435 (99,960) 85,905
Net (loss) income $ (103,421) $ (837,068) $ 18,180
v3.25.4
Segment Information - Schedule of Revenue by Product Line and Geographic Areas (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenue from External Customer [Line Items]      
Net revenues $ 376,908 $ 617,574 $ 716,295
United States      
Revenue from External Customer [Line Items]      
Net revenues 320,291 537,605 616,359
International      
Revenue from External Customer [Line Items]      
Net revenues 56,617 79,969 99,936
Chegg Skilling      
Revenue from External Customer [Line Items]      
Net revenues 68,654 73,959 76,812
Academic Services      
Revenue from External Customer [Line Items]      
Net revenues $ 308,254 $ 543,615 $ 639,483
v3.25.4
Segment Information - Schedule of Long-Lived Assets by Geographical Area (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Segment Reporting Information [Line Items]    
Total long-lived assets $ 128,356 $ 192,904
United States    
Segment Reporting Information [Line Items]    
Total long-lived assets 106,918 172,483
India    
Segment Reporting Information [Line Items]    
Total long-lived assets 12,907 16,274
Other international    
Segment Reporting Information [Line Items]    
Total long-lived assets $ 8,531 $ 4,147
v3.25.4
Subsequent Event (Details) - USD ($)
$ in Thousands
Feb. 20, 2026
Feb. 13, 2026
Dec. 31, 2025
Dec. 31, 2024
Subsequent Event | Securities Repurchase Program        
Subsequent Event [Line Items]        
Remaining amount available under securities repurchase program $ 122,400      
2026 Notes | Senior Notes        
Subsequent Event [Line Items]        
Principal amount     $ 53,860 $ 127,906
2026 Notes | Senior Notes | Subsequent Event        
Subsequent Event [Line Items]        
Aggregate principal of repurchase amount   $ 20,000    
Repurchase price   $ 19,400    
Principal amount $ 33,900      
v3.25.4
Schedule II - Valuation and Qualifying Accounts (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Accounts receivable allowance      
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]      
Balance at Beginning of Year $ 190 $ 376 $ 394
Release for Bad Debts (3) (99)  
Provision for Refunds     58
Net Write-offs/Refunds Issued (31) (87) (76)
Balance at End of Year 156 190 376
Refund reserve      
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]      
Balance at Beginning of Year 495 1,538 1,499
Provision for Refunds 9,373 9,831 9,724
Net Write-offs/Refunds Issued (9,503) (10,874) (9,685)
Balance at End of Year $ 365 $ 495 $ 1,538