Chegg
Financials
Estimates*
| USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Revenues | 644m | 776m | 767m | 716m | 633m | 598m | 582m |
| % growth | 57 % | 20 % | (1 %) | (7 %) | (12 %) | (6 %) | (3 %) |
| EBITDA | 128m | 86.8m | 202m | 100m | 160m | 167m | 170m |
| % EBITDA margin | 20 % | 11 % | 26 % | 14 % | 25 % | 28 % | 29 % |
| Profit | (6.2m) | (1.5m) | 267m | 18.2m | (625m) | 8.7m | 37.4m |
| % profit margin | (1 %) | - | 35 % | 3 % | (99 %) | 1 % | 6 % |
| EV / revenue | 18.6x | 4.9x | 4.0x | 1.9x | 0.2x | 0.1x | 0.4x |
| EV / EBITDA | 93.8x | 44.2x | 15.3x | 13.4x | 0.9x | 0.3x | 1.3x |
| R&D budget | 171m | 179m | 197m | 192m | - | - | - |
| R&D % of revenue | 27 % | 23 % | 26 % | 27 % | - | - | - |
Source: Dealroom estimates
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | N/A | - | |
$2.2m | Series A | ||
$4.7m | Series B | ||
$25.0m | Series C | ||
$57.0m | Series D | ||
$75.0m | Series E | ||
$6.0m | Late VC | ||
$25.0m | Series F | ||
$2.4m | Late VC | ||
| N/A | $187m Valuation: $1.1b | IPO | |
| N/A | N/A | Post IPO Equity | |
| Total Funding | €179m | ||
Recent News about Chegg
EditChegg, Inc. (website: chegg.com) is a leading student-first connected learning platform that provides a wide range of educational resources and services primarily aimed at high school and college students. The company operates in the education technology market, offering solutions that help students save money on textbooks, get homework help, and find internships and jobs.
Chegg's business model revolves around several key services:
1. **Textbook Rentals and Sales**: Chegg allows students to rent, buy, or sell textbooks at significantly reduced prices, often saving up to 90% off the retail price. This service addresses the high cost of educational materials, making it more affordable for students.
2. **Chegg Study**: This subscription-based service offers step-by-step solutions to textbook problems, expert Q&A, and video explanations. It helps students understand difficult concepts and complete their homework more efficiently.
3. **Chegg Tutors**: An online tutoring service that connects students with tutors for personalized, one-on-one help in various subjects. This service is available 24/7, providing flexible support for students' schedules.
4. **Chegg Math Solver**: A tool that allows students to snap a picture of a math problem and receive instant step-by-step solutions. This feature is particularly useful for tackling challenging math problems.
5. **Internships and Career Services**: Chegg also offers a platform for students to explore over 75,000 internships and job opportunities. Additionally, it provides career advice and tips to help students prepare for the job market.
Chegg generates revenue through a combination of subscription fees for its study services, rental and sale fees for textbooks, and commissions from its tutoring services. The company also monetizes its platform through advertising and partnerships with educational institutions and publishers.
In summary, Chegg is a comprehensive educational platform that supports students throughout their academic journey by providing affordable textbooks, study aids, tutoring, and career services.
**Keywords**: Textbook Rentals, Homework Help, Online Tutoring, Study Tools, Math Solver, Career Services, Internships, Educational Resources, Student Savings, Subscription Services.
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Investments by Chegg
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