Chegg, Inc.
Publicly traded education technology company (NYSE: CHGG) that built a textbook rental empire and is now restructuring around AI-era learning and skills.
Company Type
public
Founded
2005
Headquarters
Santa Clara, California, United States
Stock
NYSE: CHGG
Revenue
Declining; approximately $400 million to $500 million annualized (2026)
Employees
Several hundred (post-restructuring)
Primary Market
Global
About Chegg, Inc.
What does Chegg do?
Chegg sells student subscriptions for homework help, writing, and math tools, plus Chegg Skills workforce training and Busuu language learning. It is integrating AI into its products while restructuring.
Is Chegg publicly traded?
Yes. Chegg, Inc. trades on the NYSE under CHGG, public since November 2013.
Who founded Chegg?
Aayush Phumbhra, Osman Rashid, and Josh Carlson founded it in Santa Clara in 2005, launching textbook rentals in 2007. Dan Rosensweig, CEO from 2010 to 2024, is executive chairman; Nathan Schultz is CEO.
Why did Chegg's stock fall?
Free generative AI like ChatGPT began replacing paid homework help from 2023, collapsing subscriber growth and revenue. The stock lost the vast majority of its pandemic-era value.
Did Chegg sue Google?
Yes. In February 2025 Chegg sued Google, alleging its AI Overviews diverted search traffic and harmed the business, a landmark case on AI search's impact on publishers.
Is Chegg for sale?
Chegg has publicly stated it is evaluating strategic alternatives including a possible sale, while continuing operations and restructuring under Schultz.
History of Chegg, Inc.
Iowa State students Phumbhra, Rashid, and Carlson founded the company in 2005 as Cheggpost, a campus classifieds site, pivoting to textbook rentals in 2007. The rental model scaled fast and Chegg became the category leader.
Dan Rosensweig joined as CEO in 2010, professionalized operations, and took the company public on the NYSE in November 2013 at $12.50 per share.
The 2010s were a build-out decade: Chegg Study homework help, writing tools, math solvers, and tutoring assembled into subscriptions that dwarfed the original rental business. The 2021 Busuu acquisition added language learning.
COVID-era remote education made Chegg a growth stock: subscribers, revenue, and valuation all surged through 2020 and 2021. Then ChatGPT's November 2022 launch pulled the thread: free AI answered the homework questions students paid Chegg for, and the stock lost more than 95% of peak value by 2024.
Schultz, a 2010-era veteran, became CEO in June 2024 as Rosensweig moved to executive chairman. The company cut more than 40% of staff across 2024 and 2025, launched AI-integrated products, filed the February 2025 lawsuit against Google over AI Overviews traffic harm, and has spent 2026 narrowing revenue declines while pursuing strategic alternatives including a possible sale.
Chegg, Inc. Sustainability & Ethics
Chegg has run student-focused programs including scholarships and financial-literacy partnerships, and its corporate reporting covers standard edtech governance. The ethics debate that has followed the company is academic integrity: universities have long argued Chegg Study facilitated cheating, a tension the company has addressed with honor-code policies and institutional partnerships.
Awards & Recognition
During its growth years Chegg won edtech and workplace awards, and Rosensweig's leadership earned broad industry respect. Recent recognition is more analytical: the company is widely cited as the canonical example of generative AI disruption of a consumer subscription business.
Controversy, Regulation & Public Scrutiny
Chegg's record includes a 2023 FTC consent order requiring a comprehensive data security program after breaches exposed user data, sustained academic-integrity criticism of its homework-help model, and the active February 2025 antitrust-style lawsuit against Google alleging AI Overviews harmed its business. Investor litigation followed the disclosure of AI's impact on subscriber trends.
Brands Owned by Chegg, Inc.
Chegg, Inc. owns 1 brand in our database. Explore the ownership tree below — click categories to expand and see individual brands.
Chegg, Inc.
public · Founded 2005 · Santa Clara, California, United States
1
brands
Stock Information
Chegg, Inc. Ownership: Pros & Cons
Advantages
- +Public-company discipline and transparent reporting through the crisis
- +Verified content library is a defensible asset against free AI
- +Skills and enterprise lines offer a viable second act
- +Restructured cost base preserves cash while strategy resolves
Considerations
- -Core product faces direct free-AI substitution
- -Revenue trajectory remains negative with uncertain floor
- -Reputation burden from academic-integrity criticism
- -Strategic review implies standalone future is not assured
Frequently Asked Questions About Chegg, Inc.
What does Chegg do?
Chegg sells student subscriptions for homework help, writing, and math tools, plus Chegg Skills workforce training and Busuu language learning. It is integrating AI into its products while restructuring.
Is Chegg publicly traded?
Yes. Chegg, Inc. trades on the NYSE under CHGG, public since November 2013.
Who founded Chegg?
Aayush Phumbhra, Osman Rashid, and Josh Carlson founded it in Santa Clara in 2005, launching textbook rentals in 2007. Dan Rosensweig, CEO from 2010 to 2024, is executive chairman; Nathan Schultz is CEO.
Why did Chegg's stock fall?
Free generative AI like ChatGPT began replacing paid homework help from 2023, collapsing subscriber growth and revenue. The stock lost the vast majority of its pandemic-era value.
Did Chegg sue Google?
Yes. In February 2025 Chegg sued Google, alleging its AI Overviews diverted search traffic and harmed the business, a landmark case on AI search's impact on publishers.
Is Chegg for sale?
Chegg has publicly stated it is evaluating strategic alternatives including a possible sale, while continuing operations and restructuring under Schultz.
Sources & Further Reading
Jobs at Chegg, Inc.
Latest News About Chegg, Inc.
Related Articles About Chegg, Inc.
View more articles
Hospital and Clinic Brand Ownership
HCA Healthcare is the largest for-profit hospital system (190 hospitals, $75.6B revenue). Tenet has 50 hospitals ($21.3B). UHS has 346 behavioral facilities. Fresenius leads dialysis. Explore our database.
Eye Care Brand Ownership: Bausch & Lomb to Alcon
J&J Vision (Acuvue) leads contact lenses at 27-30%. Alcon (Novartis spin-off) holds 25-27%. CooperVision has 22-24%. Bausch + Lomb has 12-15%. EssilorLuxottica dominates lenses at 30.7%. Explore our database.
Dental Brand Ownership Beyond Colgate and Crest
Colgate holds 41.3% global toothpaste share. P&G (Crest, Oral-B) has 14.1%. Haleon (Sensodyne) has 4.4%. Church & Dwight is the only independent at scale. The oral care market is $47.2B. Explore our database.
Related Companies to Chegg, Inc.
View more companies
Covista (formerly Adtalem Global Education)
America's largest healthcare educator, operating five accredited institutions serving over 100,000 students in nursing, medicine, veterinary medicine, and graduate programs.
6 brands in portfolio
Duolingo
American educational technology company offering language learning platform with gamified lessons and mobile apps for learning multiple languages.
1 brand in portfolio
CompTIA, Inc.
World's largest vendor-neutral IT certification body behind A+, Network+ and Security+, owned by H.I.G. Capital and Thoma Bravo since 2025.
1 brand in portfolio
Sprout Social, Inc.
Publicly traded American social media management software company headquartered in Chicago, Illinois. Serves approximately 30,000 customers and reported $457.5 million in FY2025 revenue.
1 brand in portfolio
Wingstop Inc.
Dallas-based franchisor of the Wingstop chicken wing chain, with more than 3,300 locations and $5.3 billion in system-wide sales for FY2025.
1 brand in portfolio
Genius Group Limited
AI-powered, Bitcoin-first education group providing lifelong learning through Genius School, Genius Academy, and Genius Resorts, serving 6.1 million students in over 100 countries.
7 brands in portfolio