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Cengage Learning is an educational content, technology, and services company for the higher education and K-12, professional and library markets. The company provides content, personalized services and course-driven digital solutions that accelerate student engagement and transform the learning experience. 
TypePublic
Founded2007
HQBoston, US
Websitecengage.com
Employee Ratings4

Latest Updates

Employees (est.) (Mar 2019)4,900
Job Openings123
Revenue (FY, 2019)$1.4 B(-1%)

Key People/Management at Cengage Learning

Michael Hansen

Michael Hansen

CEO
Fernando Bleichmar

Fernando Bleichmar

General Manager
Alexander Broich

Alexander Broich

President, International
Gary Fortier

Gary Fortier

Chief People Officer
Sharon Loeb

Sharon Loeb

Chief Marketing Officer, EVP
Todd Markson

Todd Markson

Chief Strategy Officer
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Cengage Learning Office Locations

Cengage Learning has offices in Boston and Andover
Boston, US (HQ)
20 Channel Center St
Andover, GB
Cheriton House North Way Walworth Business Park
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Cengage Learning Financials and Metrics

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 (Q1, 2020)

282.6m

Gross profit (Q1, 2020)

115.6m

Gross profit margin (Q1, 2020), %

40.9%

Net income (Q1, 2020)

(65.8m)

EBIT (Q1, 2020)

(41.3m)

Cash (30-Jun-2019)

170.0m

EV

2.6b
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, 2020

Revenue

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

Cost of goods sold

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

Gross profit

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

Gross profit Margin, %

44%53%47%40%52%44%41%
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
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Cash

243.7m328.5m351.3m188.7m274.9m318.6m170.0m

Accounts Receivable

185.9m356.9m222.6m167.4m345.6m187.9m186.1m

Prepaid Expenses

56.9m68.0m62.5m71.5m80.8m73.9m74.5m

Inventories

112.6m112.8m115.4m121.0m110.1m111.4m114.8m
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, 2020

Net Income

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

Depreciation and Amortization

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

Inventories

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

Accounts Payable

12.0m80.5m57.7m(6.3m)26.6m16.8m(29.6m)
USDY, 2019

EV/EBIT

-62.6 x

EV/CFO

-24.4 x

Debt/Equity

3.1 x

Debt/Assets

0.6 x

Financial Leverage

4.7 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

3.80 m4.40 m5.10 m

Users (MindTap)

1.30 m1.80 m2.70 m

Product Types (MindTap)

730 880 910

Products (Cengage Unlimited)

22 k22 k
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Cengage Learning Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
WebAssignSeptember 23, 2016$50.90 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 Online and Social Media Presence

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Cengage Learning News and Updates

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

Competency-based Education Spending 2018 Global Market Key Players – Blackboard, D2L, Ellucian, Instructure, Anubavam, BNED LoudCloud, Cengage Learning, Epiphany Learning – Analysis and Forecast to 2023

WiseGuyRerports.com Presents “Global Competency-based Education Spending Market 2018 by Manufacturers, Countries, Type and Application, Forecast to 2023” New Document to its Studies Database Posted via Industry Today. Follow us on Twitter @IndustryToday

Digital Publishing for Education Global Market 2018-2023: Hachette Livre, Georg von Holtzbrinck, Pearson, Cengage Learning

Wiseguyreports.Com Publish New Market Research Report On -“Digital Publishing for Education Market - Global Industry Analysis, Size, Share, Trends, Growth and Forecast 2018 - 2023” Posted via Industry Today. Follow us on Twitter @IndustryToday

Adaptive Content Publishing Global Market 2018-2025: Cambridge University Press, Cengage Learning, DreamBox Learning

Wiseguyreports.Com Publish New Market Research Report On -“Adaptive Content Publishing Market - Global Industry Analysis, Size, Share, Trends, Growth and Forecast 2018 - 2025” Posted via Industry Today. Follow us on Twitter @IndustryToday

Cengage Learning Blogs

Cengage Boston Has a New Home in the Hub

Our Boston Cengage team officially has a new home: The Seaport’s Pier 4! The new office is in the heart of Boston’s innovation district. Encompassing 120,000 square feet, the space offers a number of features, benefits and offerings for the nearly 600 employees based in the greater Boston area. Som…

Innovation Makes the Dean’s List: How Ryan Tipton Takes Tech Campus-wide

When it comes to scalable access to learning, those who can do, teach. Doctor Ryan Tipton felt it was time for something new after retiring early. After a fruitful career in which the Lovington, New Mexico native grew his own oil company into an acclaimed group of cross-industry subsidies, Dr. Tipto…

Growing Enrollment & Student Potential: How One Program Prepares Learners for Higher Education

This fall, freshmen across the University of California’s campuses will arrive with expectations of how to excel—but with the institution’s newest location comes new student experiences. In rural Merced, one unique student population brought opportunities to effect change in a community and bring di…

Taking Advantage of Your Students’ Smartphones

Author: Machiavelli W. Chao, Lecturer Continuing, The Paul Merage School of Business at the University of California, Irvine Many, many years ago, when I was an undergraduate student, the drill was pretty standard: I sat in a classroom for lectures, did my written homework and physically handed it t…

AIR Winter 2019 Newsletter

The following articles are featured in the Winter 2019 issue of Accounting Instructor’s Report. Enjoy!         TRENDS & TOPICS  The Relationship Between Accounting Students’ Personality, Professional Skepticism and Anticipatory Socialization  Author: Belverd E. Needles, Jr., Ph.D., CPA, CMA Edi…

Making Noise with Mobile Learning

Author: Joseph Ferrantelli, Ph. D., Wagner College I spent 26 years working in one of the largest school systems in the world. Near the latter part of that time, there was a push to use technology in the classroom. So, the school system spent millions on installing interactive boards in every class…
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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 4,900 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 $295 k.

  • Who are Cengage Learning competitors?

    Competitors of Cengage Learning include Springer Nature, Cambridge University Press and McGraw-Hill Education.

  • Where is Cengage Learning headquarters?

    Cengage Learning headquarters is located at 20 Channel Center St, Boston.

  • Where are Cengage Learning offices?

    Cengage Learning has offices in Boston and Andover.

  • How many offices does Cengage Learning have?

    Cengage Learning has 2 offices.