Cengage Learning

OverviewSuggest Edit

Cengage Learning is a company providing higher education textbooks, ebooks, and digital solutions. It provides content, personalized services, and course-driven digital solutions. The company serves the higher education, K-12, professional, library, and workforce training markets.

TypePrivate
Founded2007
HQBoston, MA, US
Websitecengage.co.uk
Employee Ratings3.8

Latest Updates

Employees (est.) (Apr 2022)4,327
Job Openings478
Revenue (FY, 2019)$1.4 B(-1%)
Share Price (May 2020)$12.8
Cybersecurity ratingAMore
Discover new suppliers and conduct deeper comparison analysis with Craft for EnterpriseLearn more
Banner background

Key People/Management at Cengage Learning

Michael Hansen

Michael Hansen

Chief Executive Officer
Alexander Broich

Alexander Broich

President of Cengage Global Business, General Manager for English Language Teaching
Kermit Cook

Kermit Cook

Chief Operating Officer
Laura Stevens

Laura Stevens

Executive Vice President, General Counsel
Eric Sondag

Eric Sondag

Chairman of the Board
Alexandra Bernadotte

Alexandra Bernadotte

Director
Show more

Cengage Learning Office Locations

Cengage Learning has offices in Boston, Chicago, Farmington Hills, Independence and in 8 other locations
Boston, MA, US (HQ)
200 Pier Four Blvd #400
Chicago, IL, US
1 N State St #900
Farmington Hills, MI, US
27500 Drake Rd #6200
Independence, KY, US
10650 Toebben Dr
Mason, OH, US
5191 Natorp Blvd #2230
New York, NY, US
75 Greene St 2nd & 3rd floor
Show all (15)

Cengage Learning Financials and Metrics

Summary Metrics

Founding Date

2007
Show all financial metrics

Cengage Learning Revenue

Embed Graph
View revenue for all periods
Cengage Learning's revenue was reported to be $1.45 b in FY, 2019 which is a 1.4% decrease from the previous period.
USD

Revenue (Q3, 2019)

410.4m

Gross profit (Q3, 2019)

199.0m

Gross profit margin (Q3, 2019), %

48.5%

Net income (Q3, 2019)

11.5m

EBIT (Q3, 2019)

52.9m

Cash (30-Sept-2019)

23.8m
Annual
USDFY, 2017FY, 2018FY, 2019

Revenue

1.5b1.5b1.4b

Revenue growth, %

(10%)0%(1%)

Cost of goods sold

785.4m756.9m757.3m

Gross profit

674.6m709.3m688.2m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q3, 2019

Revenue

296.0m522.4m326.3m288.3m474.3m310.9m282.6m410.4m

Cost of goods sold

166.9m244.4m173.3m174.4m228.5m174.4m167.0m211.4m

Gross profit

129.1m278.0m153.0m113.9m245.8m136.5m115.6m199.0m

Gross profit Margin, %

44%53%47%40%52%44%41%48%
Annual
USDFY, 2017FY, 2018FY, 2019

Cash

352.3m319.3m335.8m

Accounts Receivable

173.6m180.8m202.3m

Prepaid Expenses

51.7m58.3m77.7m

Inventories

112.5m116.8m109.6m
Quarterly
Annual
USDFY, 2017FY, 2018FY, 2019

Net Income

(43.1m)(1.8m)(97.0m)

Depreciation and Amortization

326.9m293.9m281.0m

Inventories

26.8m(3.4m)10.1m

Accounts Payable

(22.2m)29.9m26.7m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Net Income

(29.1m)26.3m51.8m(68.5m)(34.1m)(81.1m)(65.8m)(54.3m)

Depreciation and Amortization

69.4m155.3m227.2m65.6m145.3m212.6m59.7m133.6m

Inventories

200.0k300.0k(2.7m)(5.6m)800.0k(1.1m)(5.5m)9.6m

Accounts Payable

12.0m80.5m57.7m(6.3m)26.6m16.8m(29.6m)(30.9m)
USDFY, 2017

Revenue/Employee

307.4k

Debt/Equity

2.4 x

Debt/Assets

0.6 x

Financial Leverage

4.1 x
Show all financial metrics

Cengage Learning Operating Metrics

Cengage Learning's Users was reported to be 5.1 m in FY, 2019.
FY, 2017FY, 2018FY, 2019

Users

3.8 m4.4 m5.1 m

Users (MindTap)

1.3 m1.8 m2.7 m

Product Types (MindTap)

730880910

Products (Cengage Unlimited)

22 k22 k
Show all operating metrics

Cengage Learning Acquisitions / Subsidiaries

Company NameDateDeal Size
WebAssignSeptember 23, 2016$50.9 m
PathbriteOctober 27, 2015
Learning ObjectsSeptember 23, 2015
Atomic Dog PublishingApril 04, 2006
Cengage Learning Asia Pte. Ltd.

Cengage Learning Revenue Breakdown

Embed Graph

Cengage Learning revenue breakdown by business segment: 64.0% from Learning, 15.6% from Gale and 20.4% from International

Cengage Learning revenue breakdown by geographic segment: 78.4% from United States and 21.6% from Rest of World

Cengage Learning Cybersecurity Score

Cybersecurity ratingPremium dataset

A

90/100

SecurityScorecard logo

Cengage Learning Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Cengage Learning Online and Social Media Presence

Embed Graph

Cengage Learning News and Updates

Digital Educational Publishing Market to grow by USD 9.03 billion during 2021-2025, Bertelsmann SE & Co. KGaA and Cengage Learning Holdings II Inc. emerge as Key Contributors to growth| Technavio

NEW YORK, May 11, 2021 /PRNewswire/ -- Technavio has been monitoring the digital educational publishing market and it is poised to grow by USD 9.03 billion during 2021-2025, progressing at a CAGR of almost 16% during the forecast period. The report offers an up-to-date analysis regarding...

Digital Education Publishing Market In US- Cengage Learning Inc., Georg von Holtzbrinck GmbH and Co. KG, Houghton Mifflin Harcourt Co., among others to contribute to the market growth

NEW YORK, May 10, 2021 /PRNewswire/ -- The digital education publishing market in the US is poised to grow by USD 2.83 billion during 2021-2025, progressing at a CAGR of over 16% during the forecast period. View our Exclusive report on Market scenarios, Estimates, the impact of lockdown,...

E-learning Market in US to Grow by $ 21.64 Billion During 2020-2024 | Featuring Adobe Inc., Cengage Learning Holdings II Inc., and D2L Corp. among others | Technavio

NEW YORK, March 31, 2021 /PRNewswire/ -- Technavio estimates the e-learning market in the US to grow by USD 21.64 billion, progressing at a CAGR of over 12% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and...

$ 21.57 Billion Growth in Global Online Language Learning Market 2020-2024 | Featuring Cengage Learning Inc., Duolingo Inc., and EF Education First Ltd. among others | Technavio

NEW YORK, March 19, 2021 /PRNewswire/ -- The online language learning market is expected to grow by USD 21.57 billion during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the online language learning market in...

K-12 Instruction Materials Market Worth Observing Growth: Cengage Learning, Santillana, Gakken

Stay up-to-date with K-12 Instruction Materials Market research offered by HTF MI. Check how key trends and emerging drivers are shaping this industry growth. Posted via Industry Today. Follow us on Twitter @IndustryToday

Global Online Education Market Analysis 2019-2025 Featuring Leading Players: Coursera, Udacity, Pluralsight, Cengage Learning, and Cornerstone OnDemand

DUBLIN, Dec. 17, 2019 /PRNewswire/ -- The "Online Education Market & Global Forecast, by End User, Learning Mode (Self-Paced, Instructor Led), Technology, Country, Company" report has been added to ResearchAndMarkets.com's offering. This report studies the global online education market....
Show more

Cengage Learning Blogs

When You Let Customers Tell You What They Need, Everyone Wins

Reading Time: 4 minutes By Erin Joyner, SVP, Course Solutions Product, Cengage   My colleague Kevin Carlsten, who leads the Cengage team that works directly with college administrators, wrote recently about the frustration and compassion fatigue felt by faculty in the wake of the pandemic. He expla…

Congratulations to the Cengage 2022 All-USA Academic Team Scholars

Reading Time: 9 minutes Cengage partners with Phi Theta Kappa and the American Association of Community Colleges (AACC) every year to give $5,000 scholarships to twenty of the nation’s top college students. It’s called the All-USA Academic Team scholarship, and it’s widely recognized as a high hono…

Active Learning: How to Engage Students in Your Course

Reading Time: 4 minutes Tracy Zanolini is a Cengage Faculty Partner and Mathematics Instructor at Rowan Cabarrus Community College. Here she discusses Active Learning in her courses and provides tips to help you add Active Learning strategies to yours.   When our boys were young, our pediatrician t…

Getting Time Back with Auto-Grading in MindTap [SUCCESS STORY]

Reading Time: < 1 minute Professor Jamie Loggains and her students both needed their time back. She taught three to five classes on top of her other responsibilities. They were working adult students with their own lives outside the classroom. But after incorporating MindTap for Health Care into…

MindTap Leads to a Higher GPA in Business Law Course [CASE STUDY]

Reading Time: < 1 minute Professor Daniel Rhem noticed a majority of his Business Law Course students weren’t engaging with his traditional course assignments. He needed fresh, meaningful measures that would spark student engagement, increase participation in case problems and enhance critical-t…

5 Work Ready Skills Every Graduate Will Need

From my years as an undergraduate through to working while studying for my Master’s degree, combining study with full-time employment ...
Show more

Cengage Learning Frequently Asked Questions

  • When was Cengage Learning founded?

    Cengage Learning was founded in 2007.

  • Who are Cengage Learning key executives?

    Cengage Learning's key executives are Michael Hansen, Alexander Broich and Kermit Cook.

  • How many employees does Cengage Learning have?

    Cengage Learning has 4,327 employees.

  • What is Cengage Learning revenue?

    Latest Cengage Learning annual revenue is $1.4 b.

  • What is Cengage Learning revenue per employee?

    Latest Cengage Learning revenue per employee is $334.1 k.

  • Who are Cengage Learning competitors?

    Competitors of Cengage Learning include Follett, Houghton Mifflin Harcourt and Stride.

  • Where is Cengage Learning headquarters?

    Cengage Learning headquarters is located at 200 Pier Four Blvd #400, Boston.

  • Where are Cengage Learning offices?

    Cengage Learning has offices in Boston, Chicago, Farmington Hills, Independence and in 8 other locations.

  • How many offices does Cengage Learning have?

    Cengage Learning has 15 offices.