Zovio

OverviewSuggest Edit

Zovio, formerly Bridgepoint Education, provides postsecondary education services. Its academic institutions, Ashford University and University of the Rockies, offer associate's, bachelor's, master's and doctoral degree programs in the disciplines of business, education, psychology, social sciences and health sciences. The Company offers its programs primarily through online and at its campuses.

TypePublic
Founded2004
HQChandler, AZ, USMap
Websitezovio.com
Employee Ratings3.3More
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Latest Updates

Employees (est.) (Dec 2019)1,830(-3%)
Revenue (FY, 2019)$417.8 M(-5%)
Share Price (Jan 2021)$5.4
Cybersecurity ratingAMore

Key People/Management at Zovio

Kevin Royal

Kevin Royal

Executive Vice President and Chief Financial Officer
Diane Thompson

Diane Thompson

Executive Vice President, Secretary and General Counsel
Matthew Hillman

Matthew Hillman

Executive Vice President of University Partnerships
Jodi Feikema

Jodi Feikema

Senior Vice President of Learning Products and Services
Andrew Clark

Andrew Clark

Founder, President and Chief Executive Officer, Director
Marc Brown

Marc Brown

Executive Vice President and Chief People Officer
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Zovio Office Locations

Zovio has an office in Chandler
Chandler, AZ, US (HQ)
1811 E Northrop Blvd
Show all (1)

Zovio Financials and Metrics

Zovio Revenue

Zovio's revenue was reported to be $417.80 m in FY, 2019
USD

Revenue (Q2, 2020)

103.9m

Gross profit (Q2, 2020)

59.1m

Gross profit margin (Q2, 2020), %

56.8%

Net income (Q2, 2020)

5.1m

EBIT (Q2, 2020)

5.3m

Market capitalization (19-Jan-2021)

174.1m

Closing stock price (19-Jan-2021)

5.4

Cash (30-Jun-2020)

75.1m
Zovio's current market capitalization is $174.1 m.
Annual
USDFY, 2011FY, 2012FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

933.3m968.2m561.7m527.1m478.4m443.4m417.8m

Revenue growth, %

(12%)(6%)(9%)

Cost of goods sold

259.1m362.5m217.7m209.7m

Gross profit

674.2m605.6m225.7m208.1m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

239.9m242.8m250.4m256.3m252.1m222.0m197.6m133.0m138.0m136.6m129.5m125.0m119.4m118.0m120.8m112.8m109.8m107.5m104.3m97.9m103.9m

Cost of goods sold

62.0m69.6m68.5m65.4m75.7m101.6m106.0m55.1m51.9m51.4m46.4m44.9m

Gross profit

177.9m173.2m182.0m190.9m176.4m120.3m91.5m57.7m57.8m52.8m51.5m59.1m

Gross profit Margin, %

74%71%73%74%70%54%46%51%53%51%53%57%
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Annual
USDFY, 2011FY, 2012FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

133.9m256.0m282.1m307.8m185.1m166.3m69.3m

Accounts Receivable

62.2m67.9m24.1m26.5m27.1m27.0m35.0m

Prepaid Expenses

17.2m19.8m52.2m23.5m22.4m18.3m20.5m

Current Assets

372.5m491.6m403.3m431.7m257.1m232.3m150.5m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Cash

210.5m161.7m162.1m180.4m181.6m316.6m363.1m243.1m265.4m258.4m164.7m171.5m165.2m171.2m171.6m163.1m141.8m104.6m79.1m61.3m75.1m

Accounts Receivable

78.7m87.7m92.9m99.6m111.0m69.4m60.5m34.2m29.8m30.6m32.9m32.7m34.3m33.6m34.1m28.9m32.1m33.7m35.7m46.7m42.2m

Prepaid Expenses

13.3m14.5m17.9m23.0m22.7m21.4m20.3m42.0m41.4m39.2m23.4m23.9m24.5m21.4m20.5m20.4m19.8m25.8m24.7m28.5m20.1m

Current Assets

387.5m358.7m442.9m468.2m463.6m530.2m541.7m378.7m394.5m382.2m273.0m274.7m270.9m245.7m248.1m234.4m215.2m186.5m167.7m163.3m164.5m
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Annual
USDFY, 2011FY, 2012FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

172.8m123.4m(70.5m)(30.0m)10.5m4.6m(54.8m)

Depreciation and Amortization

12.7m17.4m19.6m13.1m8.9m6.8m10.2m

Accounts Payable

27.5m12.1m1.1m4.8m(12.9m)(12.2m)1.9m

Cash From Operating Activities

220.8m143.2m26.7m11.1m(4.1m)(7.6m)(46.1m)
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Net Income

106.1m149.9m33.0m80.5m111.9m27.0m37.3m(10.1m)(6.8m)(16.3m)9.9m16.2m16.2m2.3m19.5m18.1m(6.6m)(24.2m)(31.8m)2.0m7.2m

Depreciation and Amortization

5.6m8.7m4.1m8.4m12.8m4.8m10.3m3.7m6.9m10.1m2.4m4.7m6.8m1.8m3.5m5.2m1.5m4.2m7.2m3.0m5.9m

Accounts Payable

19.3m30.1m27.5m21.7m23.6m14.1m2.2m7.5m11.0m5.5m(10.9m)(11.8m)(13.9m)(4.3m)(10.6m)(14.7m)4.6m7.1m(1.2m)(3.2m)(9.1m)

Cash From Operating Activities

116.2m148.7m40.4m76.8m93.6m15.6m32.3m(17.2m)(688.0k)(8.9m)(11.5m)(11.5m)(16.7m)(15.1m)(9.2m)(10.7m)(16.4m)(22.1m)(38.2m)(6.2m)6.7m
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USDQ2, 2011

Financial Leverage

1.8 x
Show all financial metrics

Zovio Operating Metrics

FY, 2015FY, 2016FY, 2017

Courses

1.85 k1.20 k1.20 k

Graduates

93.20 k103 k112 k

Online Students

48.73 k45.01 k40.67 k

Total Enrollment

49.16 k45.09 k40.73 k
Show all operating metrics

Zovio Acquisitions / Subsidiaries

Company NameDateDeal Size
Fullstack AcademyMarch 14, 2019$51 m

Zovio Cybersecurity Score

Cybersecurity ratingPremium dataset

A

94/100

Learn more about our premium products
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Zovio Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

30-39

out of 100

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Zovio Online and Social Media Presence

Zovio's Trends

Embed Graph

Zovio News and Updates

October 22, 2020

Zovio Announces the Launch of Signalz for Student Success

Zovio, an ed-tech services company, announced the launch of Signalz for Student Success. “Signalz for Student Success brings together people, processes and technology in a new service that colleges and universities can use to improve student engagement and retention,” said Zovio’s Chief Technology O…
August 03, 2020

Zovio Inc Reports Second Quarter 2020 Results

CHANDLER, Ariz., Aug. 3, 2020 /PRNewswire/ -- Zovio Inc (NASDAQ: ZVO), an education technology services company, today announced its results for the three and six months ended June 30, 2020. "Our team executed exceptionally well in the second quarter of 2020, driving new enrollment ahead...
July 28, 2020

Zovio Schedules Second Quarter 2020 Earnings Conference Call for August 3, 2020

CHANDLER, Ariz., July 27, 2020 /PRNewswire/ -- Zovio (Nasdaq: ZVO), an education technology services company, announced today that it will release its second quarter 2020 financial results before market open on Monday, August 3, 2020. Zovio will host a conference call and webcast for...
April 29, 2020

Zovio Inc Reports First Quarter 2020 Results

Zovio Inc (NASDAQ: ZVO), an education technology services company, today announced its results for the three months ended March 31, 2020. Revenue for the three months ended March 31, 2020 was $97.9 million, compared with revenue of $109.8 million for the three months ended March 31, 2019. Operating …
April 02, 2020

Zovio Announces Chris Spohn Executive Vice President of Operations

CHANDLER, Ariz., April 2, 2020 /PRNewswire/ -- Zovio (Nasdaq: ZVO), an education technology services company, has announced that Chris Spohn will join the company in the newly created position of Executive Vice President of Operations, effective April 30, 2020. Spohn will be responsible...
March 26, 2020

Zovio to Hire 200 Enrollment Advisors as Unemployment Soars in Wake of Coronavirus Pandemic

CHANDLER, Ariz., March 26, 2020 /PRNewswire/ -- As U.S. jobless claims reached unprecedented levels, education technology service provider Zovio (Nasdaq: ZVO) announced today it would hire more than 200 enrollment advisors in the next four months. The positions are in Chandler (Ariz.),...

Zovio Blogs

June 10, 2019

The Future of Ed Tech is Helping Humans Make Better Decisions

The Future of Ed Tech is Helping Humans Make Better Decisions lcoartney Mon, 06/10/2019 - 17:36
June 04, 2019

Zovio Announces the Appointment of Marc Brown to The Honor Foundation's Board of Directors

Zovio Announces the Appointment of Marc Brown to The Honor Foundation's Board of Directors admin Tue, 06/04/2019 - 23:20 SAN DIEGO, June 4, 2019 /PRNewswire/ -- Zovio (Nasdaq: ZVO), an education technology services company, is pleased to announce that Marc Brown, Executive Vice Presid…

 Zovio Frequently Asked Questions

  • When was Zovio founded?

    Zovio was founded in 2004.

  • Who are Zovio key executives?

    Zovio's key executives are Kevin Royal, Diane Thompson and Matthew Hillman.

  • How many employees does Zovio have?

    Zovio has 1,830 employees.

  • What is Zovio revenue?

    Latest Zovio annual revenue is $417.8 m.

  • What is Zovio revenue per employee?

    Latest Zovio revenue per employee is $228.3 k.

  • Who are Zovio competitors?

    Competitors of Zovio include Franklin Covey, Open Learning Initiative and The University of Western Australia.

  • Where is Zovio headquarters?

    Zovio headquarters is located at 1811 E Northrop Blvd, Chandler.

  • Where are Zovio offices?

    Zovio has an office in Chandler.

  • How many offices does Zovio have?

    Zovio has 1 office.