CHEGG, INCCHGG

CHEGG, INC Segments Disclosure

10-KFiled Mar 9, 20262 min read
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) income 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. Asset information is not regularly provided to our chief operating decision maker.

The following table presents information about our significant segment expenses and includes a reconciliation to net (loss) income (in thousands):
Years Ended December 31,
202520242023
Net revenues$376,908 $617,574 $716,295 
Less:
Cost of revenues152,151 180,927 225,941 
Research and development93,453 170,431 191,705 
Paid marketing expenses(1)
33,275 55,381 57,351 
Other sales and marketing(2)
35,479 52,948 69,240 
General and administrative177,406 217,756 236,183 
Impairment expense2,000 677,239 3,600 
Total segment expenses493,764 1,354,682 784,020 
Other segment items(3)
13,435 (99,960)85,905 
Net (loss) income$(103,421)$(837,068)$18,180 
_____________________________________________________
(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 all interest expense, other income, and provision for income taxes.

The following table presents our total net revenues for our Chegg Skilling and Academic Services product lines (in thousands):
Years Ended December 31,
202520242023
Chegg Skilling$68,654 $73,959 $76,812 
Academic Services308,254 543,615 639,483 
Total net revenues$376,908 $617,574 $716,295 

The following table presents our total net revenues by geographic area (in thousands):
Years Ended December 31,
202520242023
United States$320,291 $537,605 $616,359 
International56,617 79,969 99,936 
Total net revenues$376,908 $617,574 $716,295 
The following table presents our long-lived assets by geographic area (in thousands):
December 31,
20252024
United States$106,918 $172,483 
India12,907 16,274 
Other international8,531 4,147 
Total long-lived assets$128,356 $192,904 

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Historical Timeline

Fiscal YearFiled
2025Mar 9, 2026Showing above
2024Feb 24, 2025
2023Feb 20, 2024
2022Feb 21, 2023
2021Feb 22, 2022

About Segments Disclosures

Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.

Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.

Other Available Disclosures

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