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Side-by-side financial comparison of CHEGG, INC (CHGG) and Vericel Corp (VCEL). Click either name above to swap in a different company.

Vericel Corp is the larger business by last-quarter revenue ($92.9M vs $72.7M, roughly 1.3× CHEGG, INC). On growth, Vericel Corp posted the faster year-over-year revenue change (23.3% vs -49.4%). Vericel Corp produced more free cash flow last quarter ($12.8M vs $-15.5M). Over the past eight quarters, Vericel Corp's revenue compounded faster (34.6% CAGR vs -35.4%).

Chegg, Inc., is an American educational technology company based in Santa Clara, California. It provides homework help, digital and physical textbook rentals, textbooks, online tutoring, and other student services, powered by artificial intelligence. The company has 6.6 million subscribers. Chegg has been widely criticized for facilitating cheating and academic dishonesty among students.

Vericel Corporation is a publicly traded American biopharmaceutical company which was known prior to October 2014 as Aastrom Bio. Aastrom Bio was formed in 1989 in Ann Arbor, Michigan.

CHGG vs VCEL — Head-to-Head

Bigger by revenue
VCEL
VCEL
1.3× larger
VCEL
$92.9M
$72.7M
CHGG
Growing faster (revenue YoY)
VCEL
VCEL
+72.6% gap
VCEL
23.3%
-49.4%
CHGG
More free cash flow
VCEL
VCEL
$28.3M more FCF
VCEL
$12.8M
$-15.5M
CHGG
Faster 2-yr revenue CAGR
VCEL
VCEL
Annualised
VCEL
34.6%
-35.4%
CHGG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CHGG
CHGG
VCEL
VCEL
Revenue
$72.7M
$92.9M
Net Profit
$23.2M
Gross Margin
57.3%
78.7%
Operating Margin
-47.2%
24.1%
Net Margin
25.0%
Revenue YoY
-49.4%
23.3%
Net Profit YoY
17.3%
EPS (diluted)
$-0.30
$0.46

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CHGG
CHGG
VCEL
VCEL
Q4 25
$72.7M
$92.9M
Q3 25
$77.7M
$67.5M
Q2 25
$105.1M
$63.2M
Q1 25
$121.4M
$52.6M
Q4 24
$143.5M
$75.4M
Q3 24
$136.6M
$57.9M
Q2 24
$163.1M
$52.7M
Q1 24
$174.3M
$51.3M
Net Profit
CHGG
CHGG
VCEL
VCEL
Q4 25
$23.2M
Q3 25
$-17.5M
$5.1M
Q2 25
$-35.7M
$-553.0K
Q1 25
$-17.5M
$-11.2M
Q4 24
$19.8M
Q3 24
$-212.6M
$-901.0K
Q2 24
$-616.9M
$-4.7M
Q1 24
$-1.4M
$-3.9M
Gross Margin
CHGG
CHGG
VCEL
VCEL
Q4 25
57.3%
78.7%
Q3 25
59.2%
73.5%
Q2 25
66.3%
73.7%
Q1 25
55.5%
69.0%
Q4 24
68.2%
77.6%
Q3 24
68.2%
71.9%
Q2 24
72.2%
69.5%
Q1 24
73.3%
68.9%
Operating Margin
CHGG
CHGG
VCEL
VCEL
Q4 25
-47.2%
24.1%
Q3 25
-22.0%
5.1%
Q2 25
-34.7%
-3.2%
Q1 25
-23.9%
-24.3%
Q4 24
-19.0%
24.5%
Q3 24
-162.7%
-4.3%
Q2 24
-297.3%
-11.5%
Q1 24
-1.4%
-10.7%
Net Margin
CHGG
CHGG
VCEL
VCEL
Q4 25
25.0%
Q3 25
-22.5%
7.5%
Q2 25
-33.9%
-0.9%
Q1 25
-14.4%
-21.4%
Q4 24
26.3%
Q3 24
-155.7%
-1.6%
Q2 24
-378.1%
-8.9%
Q1 24
-0.8%
-7.5%
EPS (diluted)
CHGG
CHGG
VCEL
VCEL
Q4 25
$-0.30
$0.46
Q3 25
$-0.16
$0.10
Q2 25
$-0.33
$-0.01
Q1 25
$-0.17
$-0.23
Q4 24
$-0.03
$0.40
Q3 24
$-2.05
$-0.02
Q2 24
$-6.01
$-0.10
Q1 24
$-0.01
$-0.08

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CHGG
CHGG
VCEL
VCEL
Cash + ST InvestmentsLiquidity on hand
$72.8M
$137.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$119.6M
$354.6M
Total Assets
$278.0M
$488.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CHGG
CHGG
VCEL
VCEL
Q4 25
$72.8M
$137.5M
Q3 25
$96.4M
$135.4M
Q2 25
$85.6M
$116.9M
Q1 25
$88.3M
$112.9M
Q4 24
$315.7M
$116.2M
Q3 24
$361.1M
$101.7M
Q2 24
$345.5M
$102.5M
Q1 24
$390.8M
$110.6M
Stockholders' Equity
CHGG
CHGG
VCEL
VCEL
Q4 25
$119.6M
$354.6M
Q3 25
$146.1M
$321.9M
Q2 25
$157.9M
$306.8M
Q1 25
$185.7M
$295.5M
Q4 24
$193.0M
$292.0M
Q3 24
$185.0M
$257.5M
Q2 24
$365.5M
$243.0M
Q1 24
$963.5M
$233.9M
Total Assets
CHGG
CHGG
VCEL
VCEL
Q4 25
$278.0M
$488.0M
Q3 25
$378.3M
$453.3M
Q2 25
$404.5M
$435.6M
Q1 25
$438.8M
$424.6M
Q4 24
$869.0M
$432.7M
Q3 24
$1.0B
$390.4M
Q2 24
$1.1B
$376.8M
Q1 24
$1.7B
$356.7M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CHGG
CHGG
VCEL
VCEL
Operating Cash FlowLast quarter
$-9.0M
$15.0M
Free Cash FlowOCF − Capex
$-15.5M
$12.8M
FCF MarginFCF / Revenue
-21.3%
13.8%
Capex IntensityCapex / Revenue
8.9%
2.4%
Cash ConversionOCF / Net Profit
0.65×
TTM Free Cash FlowTrailing 4 quarters
$-12.6M
$24.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CHGG
CHGG
VCEL
VCEL
Q4 25
$-9.0M
$15.0M
Q3 25
$4.8M
$22.1M
Q2 25
$-4.8M
$8.2M
Q1 25
$24.5M
$6.6M
Q4 24
$18.1M
$22.2M
Q3 24
$39.5M
$10.2M
Q2 24
$14.2M
$18.5M
Q1 24
$53.3M
$7.2M
Free Cash Flow
CHGG
CHGG
VCEL
VCEL
Q4 25
$-15.5M
$12.8M
Q3 25
$-943.0K
$19.5M
Q2 25
$-12.1M
$81.0K
Q1 25
$15.9M
$-7.6M
Q4 24
$4.8M
$8.5M
Q3 24
$23.7M
$-9.2M
Q2 24
$-3.6M
$1.8M
Q1 24
$25.3M
$-6.8M
FCF Margin
CHGG
CHGG
VCEL
VCEL
Q4 25
-21.3%
13.8%
Q3 25
-1.2%
28.8%
Q2 25
-11.5%
0.1%
Q1 25
13.1%
-14.5%
Q4 24
3.4%
11.2%
Q3 24
17.3%
-15.9%
Q2 24
-2.2%
3.4%
Q1 24
14.5%
-13.3%
Capex Intensity
CHGG
CHGG
VCEL
VCEL
Q4 25
8.9%
2.4%
Q3 25
7.4%
3.9%
Q2 25
6.9%
12.9%
Q1 25
7.1%
27.0%
Q4 24
9.3%
18.3%
Q3 24
11.6%
33.5%
Q2 24
10.9%
31.8%
Q1 24
16.1%
27.3%
Cash Conversion
CHGG
CHGG
VCEL
VCEL
Q4 25
0.65×
Q3 25
4.35×
Q2 25
Q1 25
Q4 24
1.12×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CHGG
CHGG

Segment breakdown not available.

VCEL
VCEL

MACI Implants And Kits$84.1M90%
Other$8.8M10%

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