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Pay vs Performance Disclosure - USD ($)

12 Months Ended

Dec. 31, 2024

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2020

Pay vs Performance Disclosure

Pay vs Performance Disclosure, Table

																					Value of Initial Fixed S100 Investment Based On:
Fiscal Year			Summary Compensation Table Total for PEO Dan Rosensweig(1) ($)			Compensation Actually Paid to PEO Dan Rosensweig(2) ($)			Summary Compensation Table Total for PEO Nathan Schultz (1) ($)			Compensation Actually Paid to PEO Nathan Schultz(2) ($)			Average Summary Compensation Table Total for non-PEO NEOs(1) ($)			Average Compensation Actually Paid to non-PEO NEOS(3) ($)			Total Stockholder Return ($)			NASDAQ Composite Total Stockholder Return(4) ($)			Net (Loss) Income (in thousands) ($)			Adjusted EBITDA (in thousands)(5) ($)
(a)			(b)			(c)									(d)			(e)			(f)			(g)			(h)			(i)
2024			2,404,217			196,478			4,131,883			(693,309)			1,086,343			234,181			4.25			215.22			(837,068)			149,667
2023			4,779,849			(688,671)			—			—			3,104,169			196,528			29.97			167.30			18,180			222,400
2022			12,087,164			(4,776,037)			—			—			5,471,691			2,348,120			67.34			116.65			266,638			254,525
2021			21,005,605			(2,978,784)			—			—			9,280,385			(826,037)			80.98			174.36			(1,458)			265,859
2020			10,381,080			36,270,875			—			—			4,285,861			13,669,798			238.27			143.64			(6,221)			207,058

Company Selected Measure Name

Adjusted EBITDA

Named Executive Officers, Footnote

Dan Rosensweig is the PEO for each year shown. Nathan Schultz, who became PEO in 2024, is shown as the second PEO for 2024.The non-PEO NEOs for 2020-2023 were Andrew Brown, Nathan Schultz, John Fillmore and Esther Lem. The Non-PEO NEOs for 2024 were David Longo, Andrew Brown and Esther Lem..

Peer Group Issuers, Footnote

Reflects TSR indexed to $100 for the Nasdaq Composite Index, which is an industry line peer group reported in the performance graph included in the Company's 2024 Annual Report on Form 10-K. The amounts assume that $100 was invested at the market close on December 31, 2019, in the common stock of Chegg, Inc. and the NASDAQ Composite, and the NASDAQ Composite assumes reinvestment of dividends.

Adjustment To PEO Compensation, Footnote

To calculate CAP to the PEO in column (c) the following amounts were deducted from and added to the applicable SCT Total Compensation:

Fiscal Year			Summary Compensation Table Total for PEO ($)			Deductions from Summary Compensation Table Total(a) ($)									Inclusion of Equity Values Total l(b) ($)			Compensation Actually Paid to PEO ($)
2024 for PEO Dan Rosensweig			2,404,217			(1,436,250)									(771,489)			196,478
2024 for PEO Nathan Schultz			4,131,883			(3,159,750)									(1,665,442)			(693,309)

(a) Represents the grant date fair value of equity awards reported in the “Stock Awards” column in the Summary Compensation Table for 2024.

(b) Reflects the value of equity calculated in accordance with the SEC methodology for determining compensation actually paid under Item 402(v) of Regulation S-K. The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant. The amounts deducted or added in calculating the equity values included in CAP are as follows:

Year			Year End Fair Value of Equity Awards Granted in the Year ($)			Year Over Year Change in Fair Value of Outstanding and Unvested Equity Awards ($)			Fair Value as of Vesting Date of Equity Awards Granted and Vested in the Year ($)			Year over Year Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year ($)			Fair Value at the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the Year ($)			Value of Dividends or Other Earnings Paid on Stock or Option Awards not Otherwise Reflected in Fair Value or Total Compensation ($)			Equity Value Included in Compensation Actually Paid ($)
			(a)			(b)			(c)			(d)			(e)			(f)			(g) = (a) + (b) + (c) + (d) - (e) + (f)
2024 for PEO Dan Rosensweig			479,015			(174,254)			—			(1,076,250)			—			—			(771,489)
2024 for PEO Nathan Schultz			779,417			(1,231,189)			—			(1,213,670)			—			—			(1,665,442)

Non-PEO NEO Average Total Compensation Amount

$ 1,086,343

$ 3,104,169

$ 5,471,691

$ 9,280,385

$ 4,285,861

Non-PEO NEO Average Compensation Actually Paid Amount

$ 234,181

196,528

2,348,120

(826,037)

13,669,798

Adjustment to Non-PEO NEO Compensation Footnote

(3) To calculate CAP to the non-PEO NEOs in the column (e) the following amounts were deducted from and added to the applicable SCT Total compensation:

Fiscal Year			Summary Compensation Table Total for non-PEO NEOs ($)			Deductions from Summary Compensation Table Total(a) ($)									Additions to Summary Compensation Table Total(b) ($)			Compensation Actually Paid to non-PEO NEOs ($)
2024			1,086,343			(633,333)									(218,829)			234,181

(a)			Represents the grant date fair value of equity awards reported in the “Stock Awards" column in the Summary Compensation Table for 2024.
(b)			Reflects the value of equity calculated in accordance with the SEC methodology for determining compensation actually paid under Item 402(v) of Regulation S-K. The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant. The amounts deducted or added in calculating the equity values included in CAP are as follows:

Year

Year End Fair Value of Equity Awards Granted in the Year ($)

Year Over Year Change in Fair Value of Outstanding and Unvested Equity Awards ($)

Fair Value as of Vesting Date of Equity Awards Granted and Vested in the Year ($)

Year over Year Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year ($)

Fair Value at the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the Year ($)

Value of Dividends or Other Earnings Paid on Stock or Option Awards not Otherwise Reflected in Fair Value or Total Compensation ($)

Equity Value Included in Compensation Actually Paid ($)

(a)

(b)

(c)

(d)

(e)

(f)

(g) = (a) + (b) + (c) + (d) - (e) + (f)

2024

142,611

(61,006)

—

(138,561)

(161,873)

—

(218,829)

Compensation Actually Paid vs. Total Shareholder Return

The chart below reflects the relationship between the PEO and average non-PEO NEO CAP versus our TSR and the NASDAQ Composite Index TSR.

Compensation Actually Paid vs. Net Income

The chart below reflects the relationship between the PEO and average non-PEO NEO CAP and our GAAP Net (Loss) Income.

Compensation Actually Paid vs. Company Selected Measure

The chart below reflects the relationship between the PEO CAP and average non-PEO NEO CAP and our Adjusted EBITDA.

Total Shareholder Return Vs Peer Group

The chart below reflects the relationship between the PEO and average non-PEO NEO CAP versus our TSR and the NASDAQ Composite Index TSR.

Tabular List, Table

Total Net Revenues

•Adjusted EBITDA

•Free Cash Flow

Total Shareholder Return Amount

$ 4.25

29.97

67.34

80.98

238.27

Peer Group Total Shareholder Return Amount

215.22

167.30

116.65

174.36

143.64

Net Income (Loss)

$ (837,068,000)

$ 18,180,000

$ 266,638,000

$ (1,458,000)

$ (6,221,000)

Company Selected Measure Amount

149,667,000

222,400,000

254,525,000

265,859,000

207,058,000

PEO Name

Dan Rosensweig

Dan Rosensweig

Dan Rosensweig

Dan Rosensweig

Measure:: 1

Pay vs Performance Disclosure

Name

Total Net Revenues

Measure:: 2

Pay vs Performance Disclosure

Name

Adjusted EBITDA

Non-GAAP Measure Description

Please see page 49 for a definition of Adjusted EBITDA.

Measure:: 3

Pay vs Performance Disclosure

Name

Free Cash Flow

Dan Rosensweig [Member]

Pay vs Performance Disclosure

PEO Total Compensation Amount

$ 2,404,217

$ 4,779,849

$ 12,087,164

$ 21,005,605

$ 10,381,080

PEO Actually Paid Compensation Amount

$ 196,478

$ (688,671)

$ (4,776,037)

$ (2,978,784)

$ 36,270,875

PEO Name

Dan Rosensweig

Nathan Schultz [Member]

Pay vs Performance Disclosure

PEO Total Compensation Amount

$ 4,131,883

PEO Actually Paid Compensation Amount

$ (693,309)

PEO Name

Nathan Schultz

PEO | Dan Rosensweig [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

$ (1,436,250)

PEO | Dan Rosensweig [Member] | Equity Awards Adjustments, Excluding Value Reported in Compensation Table

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(771,489)

PEO | Dan Rosensweig [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

479,015

PEO | Dan Rosensweig [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(174,254)

PEO | Dan Rosensweig [Member] | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

0

PEO | Dan Rosensweig [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(1,076,250)

PEO | Dan Rosensweig [Member] | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

0

PEO | Dan Rosensweig [Member] | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

0

PEO | Nathan Schultz [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(3,159,750)

PEO | Nathan Schultz [Member] | Equity Awards Adjustments, Excluding Value Reported in Compensation Table

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(1,665,442)

PEO | Nathan Schultz [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

779,417

PEO | Nathan Schultz [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(1,231,189)

PEO | Nathan Schultz [Member] | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

0

PEO | Nathan Schultz [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(1,213,670)

PEO | Nathan Schultz [Member] | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

0

PEO | Nathan Schultz [Member] | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

0

Non-PEO NEO

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(218,829)

Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(633,333)

Non-PEO NEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(218,829)

Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

142,611

Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(61,006)

Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

0

Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(138,561)

Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(161,873)

Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

$ 0

X

- References

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-Publisher SEC
-Name Regulation S-K
-Number 229
-Section 402
-Subsection v
-Paragraph 3

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- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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