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 2021)4,373
Job Openings4
Revenue (FY, 2019)$1.4 B(-1%)
Share Price (May 2020)$12.8
Cybersecurity ratingBMore

Key People/Management at Cengage Learning

Michael Hansen

Michael Hansen

Chief Executive Officer
Fernando Bleichmar

Fernando Bleichmar

General Manager, Higher Education and Skills
Alexander Broich

Alexander Broich

President of Cengage Global Businesses
George Moore

George Moore

Chief Technology Officer
Bob Munro

Bob Munro

Chief Financial Officer
Laura Stevens

Laura Stevens

Chief Legal Officer
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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
Independence, KY, US
10650 Toebben Dr
Mason, OH, US
5191 Natorp Blvd #2230
New York, NY, US
75 Greene St 2nd & 3rd floor
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Cengage Learning Financials and Metrics

Summary Metrics

Founding Date

2007
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Cengage Learning Revenue

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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
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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
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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

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

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

Cengage Learning Cybersecurity Score

Cybersecurity ratingPremium dataset

B

87/100

SecurityScorecard logo

Cengage Learning Online and Social Media Presence

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Cengage Learning News and Updates

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....

Global K-12 Education Market 2019-2023 : Chungdahm Learning, Dell, Educomp Solutions, Next Education, Samsung, TAL Education Group, Tata Class Edge, Adobe Systems, Blackboard, BenQ, Cengage Learning, D2L, Ellucian, IBM, Intel, Knewton, Mcmil

Our expert research analysts have been trained to map client’s research requirements to the correct research resource leading to a distinctive edge over its competitors. We provide intellectual, precise and meaningful data at a lightning speed. Posted via Industry Today. Follow us on Twitter @Indust…

E-Book Market to See Huge Growth in Future | Amazon, Harper Collins, Hachette, Penguin Random House, Kensington Publishing, Cengage Learning

Stay up-to-date with E-Book 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
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Cengage Learning Blogs

The 5th P of Marketing: Purpose

Reading Time: 2 minutes “The 4 Ps of marketing”—product, price, place and promotion strategy—have been the foundations of industry thinking and introductory Marketing courses for the past sixty years. Other Ps, such as people and processes, have tried to make their way into the mix, but the origina…

How to Use WebAssign in Your Traditional Classroom

Reading Time: 6 minutes With universities slowly transitioning back to physical classrooms, you may be wondering how WebAssign digital tools will translate to face-to-face teaching. There’s value in using technology in your class. In fact, survey results show that digital tools help students pass c…

How Students and Professors Can Get the Most Out of Cengage eTextbooks

Reading Time: 4 minutes The concept of digital reading is nothing new. In fact, history’s first eBook came to be in 1971 when Michael S. Hart launched Project Gutenberg and digitized the U.S. Declaration of Independence. In the 50 years that have passed since then, the popularity of reading on elec…

Survey: College Students More Likely than Instructors to Give Pandemic Learning an “A” Grade and Prefer Some Courses be Fully Online Post-Pandemic

BOSTON—April 28, 2021 —The higher education industry navigated many challenges over the last year, including the transition to online learning. As students, faculty and administrators reflect on the last year, the majority actually give pandemic learning a decent grade. In fact, more students gave p…

Teach Proof Development Skills with New Automatically Graded Problems

Reading Time: 2 minutes You want to teach proofs in your Math course, but it’s not as simple as a right or wrong answer. Writing proofs provides a way for students to show their reasoning skills and to construct logical arguments which, in addition to other problem-solving skills, are critical in S…

“It Isn’t Enough to Not Be Racist.” ULC and Gale Call on Library Executives to Actively Embrace Anti-Racism’s Leadership Imperative

WASHINGTON & FARMINGTON HILLS, Mich. – The Urban Libraries Council (ULC) has published a new Leadership Brief on Anti-Racist Executive Leadership for Public Libraries, sponsored by Gale, a Cengage company. This resource examines the deep roots and enduring harm of structural racism in public lib…
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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, Fernando Bleichmar and Alexander Broich.

  • How many employees does Cengage Learning have?

    Cengage Learning has 4,373 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 $330.6 k.

  • Who are Cengage Learning competitors?

    Competitors of Cengage Learning include Stride, Curriculum Associates and MDPI.

  • 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.