CHEGG, INC Earnings Per Share Disclosure
| Years Ended December 31, | |||||||||||||||||
| 2025 | 2024 | 2023 | |||||||||||||||
| 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, diluted | 107,484 | 103,300 | 128,569 | ||||||||||||||
Net loss per share, diluted | $ | (0.96) | $ | (8.10) | $ | (0.34) | |||||||||||
| Years Ended December 31, | |||||||||||||||||
| 2025 | 2024 | 2023 | |||||||||||||||
| Shares related to stock plan activity | 3,786 | 7,206 | 8,442 | ||||||||||||||
| Shares related to convertible senior notes | 2,069 | 9,234 | — | ||||||||||||||
| Total common stock equivalents | 5,855 | 16,440 | 8,442 | ||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 9, 2026 | Showing above |
| 2024 | Feb 24, 2025 | |
| 2023 | Feb 20, 2024 | |
| 2022 | Feb 21, 2023 | |
| 2021 | Feb 22, 2022 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.