XML 78 R20.htm IDEA: XBRL DOCUMENT v3.25.3
Segment Information
 9 Months Ended
Sep. 30, 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 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.
The following table presents information about our significant segment expenses and includes a reconciliation to net loss (in thousands):
Three Months Ended
September 30,		Nine Months Ended
September 30,
2025202420252024
Net revenues$77,742 $136,593 $304,249 $474,090 
Less:
Cost of revenues31,701 43,420 121,152 135,328 
Research and development18,350 41,337 76,495 129,423 
Paid marketing expenses(1)
4,403 15,625 27,836 40,076 
Other sales and marketing(2)
7,180 10,883 26,778 40,352 
General and administrative33,232 51,910 132,572 161,460 
Impairment expense— 195,708 2,000 677,239 
Total segment expenses94,866 358,883 386,833 1,183,878 
Other segment items(3)
(347)9,651 11,966 (121,155)
Net loss$(17,471)$(212,639)$(70,618)$(830,943)
_____________________________________________________
(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 interest expense, other income, and provision for income taxes.

We derive our revenues from our Subscription Services and Skills and Other product lines. Our Subscription Services include Chegg Study Pack, Chegg Study, Chegg Writing, Chegg Math, and Busuu. Our Skills and Other product line includes revenues from Chegg Skills, advertising services, content licensing, print textbooks and eTextbooks.

The following table presents our total net revenues for our Subscription Services and Skills and Other product lines (in thousands):
Three Months Ended
September 30,		Nine Months Ended
September 30,
2025202420252024
Subscription Services$69,100 $119,804 $266,393 $420,668 
Skills and Other8,642 16,789 37,856 53,422 
Total net revenues$77,742 $136,593 $304,249 $474,090 

The following table presents our total net revenues by geographic area (in thousands):
Three Months Ended
September 30,		Nine Months Ended
September 30,
2025202420252024
United States$64,841 $119,038 $260,483 $412,823 
International12,901 17,555 43,766 61,267 
Total net revenues$77,742 $136,593 $304,249 $474,090 

The following table presents our long-lived assets by geographic area (in thousands):
September 30, 2025December 31, 2024
United States$121,876 $172,483 
International21,810 20,421 
Total long-lived assets$143,686 $192,904