Chegg reported FY 2025 net revenues of USD 376.91 million, down 39%, and a net loss of USD 103.42 million. Academic Services net revenues were USD 308.25 million, down 43%, primarily due to reduced traffic leading to fewer subscribers and lower advertising services revenue. Chegg Skilling net revenues were USD 68.65 million, down 7%, as lower workforce skilling platform revenue from reduced direct-to-consumer transactions was partly offset by language learning growth driven by business-to-business demand. Loss from operations was USD 116.86 million, while gross profit was USD 224.76 million. Cash, cash equivalents and investments were USD 85.21 million, down 84%, primarily due to the maturity of the 2025 notes and early extinguishment of a portion of the 2026 notes.

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