v3.25.4
Revenues
 12 Months Ended
Dec. 31, 2025
Revenue from Contract with Customer [Abstract]  
Revenues Revenues
Revenue Recognition

We have changed our revenue disaggregation from Subscription Services and Skills and Other to Chegg Skilling and Academic Services to better reflect the nature of revenue and cash flows. The following table presents our total net revenues for the periods shown disaggregated for our Chegg Skilling and Academic Services product lines (in thousands, except percentages):

 Years Ended December 31,
Change in 2025
Change in 2024
 202520242023$%$%
Chegg Skilling$68,654 $73,959 $76,812 $(5,305)(7)%$(2,853)(4)%
Academic Services308,254 543,615 639,483 (235,361)(43)(95,868)(15)
Total net revenues$376,908 $617,574 $716,295 $(240,666)(39)$(98,721)(14)

During the years ended December 31, 2025, 2024, and 2023, we recognized revenues of $39.2 million, $53.5 million, and $54.5 million, respectively, that were included in our deferred revenue balance at the beginning of each respective fiscal year. During the years ended December 31, 2025, 2024, and 2023, we recognized revenues from performance obligations satisfied in previous periods of an immaterial amount, $2.8 million, and an immaterial amount, respectively. As of December 31, 2025 and 2024, the closing balance of deferred contract costs was $3.1 million and $2.8 million, respectively, and during the years ended December 31, 2025, 2024, and 2023, we recognized deferred contract cost amortization of $14.3 million, $16.1 million, and $15.8 million, respectively.

Contract Balances

The following table presents our accounts receivable, net, contract assets, and deferred revenue balances (in thousands, except percentages):
 December 31,Change
 20252024$%
Accounts receivable, net$15,604 $23,641 $(8,037)(34)%
Contract assets6,536 7,027 (491)(7)
Deferred revenue29,675 39,217 (9,542)(24)
During the year ended December 31, 2025, our accounts receivable, net balance decreased by $8.0 million, or 34%, primarily due to lower bookings and higher cash collections. During the year ended December 31, 2025, our contract assets balance decreased by $0.5 million or 7%, primarily due to cash collections. During the year ended December 31, 2025, our deferred revenue balance decreased by $9.5 million, or 24%, primarily due to lower bookings.