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, USMap
Websitezovio.com
Employee Ratings3.3More
View Jobs (21)

Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2018)200
Job Openings21
Revenue (FY, 2018)$443.4 M(-7%)
Share Price (Oct 2019)$1.5 (-4%)

Key People/Management at Zovio

Kevin Royal

Kevin Royal

Executive Vice President Chief Financial Officer
Vickie Schray

Vickie Schray

Executive Vice President Chief External Affairs Officer
John Semel

John Semel

Executive Vice President Chief Strategy Officer
Diane Thompson

Diane Thompson

Executive Vice President, Secretary and General Counsel
Andrew Clark

Andrew Clark

Founder, President and Chief Executive Officer
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, US (HQ)
1811 E Northrop Blvd
Show all (1)

Zovio Financials and Metrics

Zovio Revenue

Zovio's revenue was reported to be $443.37 m in FY, 2018
USD

Revenue (Q2, 2019)

107.5m

Net income (Q2, 2019)

(17.6m)

EBIT (Q2, 2019)

(20.3m)

Market capitalization (16-Oct-2019)

45.4m

Closing stock price (16-Oct-2019)

1.5

Cash (30-Jun-2019)

104.6m
Zovio's current market capitalization is $45.4 m.
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018

Revenue

561.7m527.1m478.4m443.4m

Revenue growth, %

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

Sales and marketing expense

197.6m202.2m175.4m

General and administrative expense

56.6m48.8m47.4m53.0m
Quarterly
USDQ1, 2013Q2, 2013Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Revenue

213.0m193.5m133.0m138.0m136.6m129.5m125.0m119.4m118.0m120.8m112.8m109.8m107.5m

Sales and marketing expense

51.7m52.5m52.6m44.8m43.7m43.7m48.2m39.9m

General and administrative expense

18.7m17.2m13.5m11.7m11.6m12.0m13.6m11.4m12.7m12.5m13.7m15.9m22.5m

R&D expense

69.6m66.4m64.1m63.0m61.1m57.8m56.9m54.0m
show all
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018

Cash

282.1m307.8m185.1m166.3m

Accounts Receivable

24.1m26.5m27.1m27.0m

Prepaid Expenses

52.2m23.5m22.4m

Current Assets

403.3m431.7m257.1m232.3m
Quarterly
USDQ1, 2013Q2, 2013Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Cash

275.5m322.6m243.1m265.4m258.4m164.7m171.5m165.2m171.2m171.6m163.1m141.8m104.6m

Accounts Receivable

51.8m43.4m34.2m29.8m30.6m32.9m32.7m34.3m33.6m34.1m28.9m32.1m33.7m

Prepaid Expenses

42.0m41.4m39.2m23.4m23.9m24.5m21.4m20.5m

Current Assets

521.9m534.4m378.7m394.5m382.2m273.0m274.7m270.9m245.7m248.1m234.4m215.2m186.5m
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Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018

Net Income

(70.5m)(30.0m)10.5m4.6m

Depreciation and Amortization

19.6m13.1m8.9m6.8m

Accounts Payable

1.1m4.8m(12.9m)(12.2m)

Cash From Operating Activities

26.7m11.1m(4.1m)(7.6m)
Quarterly
USDQ1, 2013Q2, 2013Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Net Income

24.7m36.8m(10.1m)(6.8m)(16.3m)9.9m16.2m16.2m2.3m19.5m18.1m(6.6m)(24.2m)

Depreciation and Amortization

4.8m10.3m3.7m6.9m10.1m2.4m4.7m6.8m1.8m3.5m5.2m1.5m4.2m

Accounts Payable

16.2m5.4m7.5m11.0m5.5m(10.9m)(11.8m)(13.9m)(4.3m)(10.6m)(14.7m)4.6m7.1m

Cash From Operating Activities

21.5m38.7m(17.2m)(688.0k)(8.9m)(11.5m)(11.5m)(16.7m)(15.1m)(9.2m)(10.7m)(16.4m)(22.1m)
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USDY, 2019

Financial Leverage

2.4 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

Acquired CompanyDateDeal Size
Fullstack AcademyMarch 14, 2019$51 m

Zovio Online and Social Media Presence

Zovio's Trends

Embed Graph

Zovio News and Updates

October 07, 2019

Zovio Outlines Response from the U.S. Department of Education Regarding Proposed Change in Ownership of Ashford University

CHANDLER, Ariz., Oct. 7, 2019 /PRNewswire/ -- Zovio (Nasdaq: ZVO), an education technology services company, announced that the U.S. Department of Education ("the Department") has responded to Zovio's request with an abbreviated preacquisition review letter for the proposed change in...
July 26, 2019

Zovio Schedules Second Quarter 2019 Earnings Conference Call for August 7, 2019

CHANDLER, Ariz., July 26, 2019 /PRNewswire/ -- Zovio (Nasdaq: ZVO) will release its second quarter 2019 financial results after market close on Wednesday, August 7, 2019. Zovio will host a conference call and webcast for investors and analysts to discuss these results at 5:00 p.m....
April 19, 2019

BPI CLASS ACTION UPDATE: Hagens Berman Updates Bridgepoint Education (BPI) Investors, Investors Who Lost Over $100,000 Please Contact the Firm

BERKELEY, Calif., April 18, 2019 /PRNewswire/ -- Hagens Berman Sobol Shapiro LLP updates and reminds investors in Bridgepoint Education Inc. (NYSE: BPI) of the pending securities class action and lead plaintiff deadline. If you acquired BPI securities between March 8, 2016 and March 7,...
April 11, 2019

Scott+Scott Attorneys at Law LLP Reminds Investors of Securities Class Action Against Bridgepoint Education, Inc. (BPI) and Upcoming Deadline

NEW YORK, April 11, 2019 /PRNewswire/ -- Scott+Scott Attorneys at Law LLP ("Scott+Scott"), a national securities and consumer rights litigation firm, is reminding investors of a federal class action lawsuit against Bridgepoint Education, Inc. ("Bridgepoint" or the "Company") (NYSE: BPI)...
April 10, 2019

SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Bridgepoint Education, Inc. of Class Action Lawsuit and Upcoming Deadline - BPI

NEW YORK, April 9, 2019 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Bridgepoint Education, Inc. ("Bridgepoint" or the "Company") (NYSE: BPI) and certain of its officers. The class action, filed in United States District Court, Southern...
March 22, 2019

Lifshitz & Miller LLP Announces Investigation of Alta Mesa Resources, Inc., American Renal Associates LLC, Belden, Inc., BioDelivery Sciences, Inc., Blue Valley Bank Corp., Bridgepoint Education, Inc., and Care.com, Inc.

NEW YORK, March 22, 2019 /PRNewswire/ -- Alta Mesa Resources, Inc. (AMR) Lifshitz & Miller announces investigation into possible securities laws violations in connection with AMR identifying "ineffective internal control over financial reporting." If you are an AMR investor, and would...
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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, Vickie Schray and John Semel.

  • How many employees does Zovio have?

    Zovio has 200 employees.

  • What is Zovio revenue?

    Latest Zovio annual revenue is $443.4 m.

  • What is Zovio revenue per employee?

    Latest Zovio revenue per employee is $2.2 m.

  • Who are Zovio competitors?

    Competitors of Zovio include Franklin Covey, Knewton and Elsmere Education.

  • 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.