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, US
Websitecengage.co.uk
Employee Ratings3.8

Latest Updates

Employees (est.) (Sept 2020)4,348
Job Openings97
Revenue (FY, 2019)$1.4 B(-1%)
Share Price (May 2020)$12.8
Cybersecurity ratingAMore

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, US (HQ)
200 Pier Four Blvd #400
Chicago, US
1 N State St #900
Farmington Hills, US
27500 Drake Rd
Independence, US
10650 Toebben Dr
Mason, US
5191 Natorp Blvd #2230
New York, 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

3.80 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

Company NameDateDeal 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 Cybersecurity Score

Cybersecurity ratingPremium dataset

A

93/100

SecurityScorecard logo

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

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

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
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Cengage Learning Blogs

It’s a Historic Year for the 19th Amendment: Here’s How to Discuss It in Your Course

Reading Time: 2 minutes Author: Emily Farris, Texas Christian University Though it might seem like there’s not much to celebrate in 2020, it is a historic year. August 19, 2020, marks the centennial of the passage of the 19th Amendment, guaranteeing that the right to vote could not be denied on the…

Digital Learning Pulse Survey: Immediate Priorities—A Snapshot of Higher Ed’s Response to the COVID-19 Pandemic

Reading Time: < 1 minute A survey conducted by Bay View Analytics, in partnership with Cengage, explored U.S. higher education’s response to COVID-19 as well as the industry’s immediate priorities in the wake of the pandemic. More than 800 U.S. higher education faculty members and administrators…

What Taking a Math Class Taught Me About Going Online: An Educator’s Perspective

Reading Time: 2 minutes Author: Emily Farris, Texas Christian University I’ve been taking an online Math class this summer to brush up some foundational quantitative knowledge, both for my research and for my methods teaching. I aim to complete a lecture each week, which includes a chapter reading,…

Motivate, Retain and Recruit Employees with Tax-Favored Stock Options

Reading Time: 3 minutes By: D. Larry Crumbley, Contributor to the South-Western Federal Taxation series   Stock-based compensation (e.g., stock options and option awards) is generally the largest single component of compensation paid for most of the largest public companies, and companies also offe…

Top Tips for Advanced WebAssign Instructors

Reading Time: 3 minutes If you’ve been using WebAssign for a while, you may be an expert at customizing your course. But, have you found ways to save time, enhance student success or get help when you need it?  Keep reading for the top tips even the most advanced WebAssign instructor can appreciate…

This Educator Kept Student Attendance High Despite COVID-19: Here’s How

Reading Time: < 1 minute Like many in higher education, professor Tracy Daly and her students had to make the quick transition to a totally online classroom due to COVID-19. However, the virtual classroom environment and course structure made student engagement challenging. But despite the obsta…
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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 4,348 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 $332.5 k.

  • Who are Cengage Learning competitors?

    Competitors of Cengage Learning include MDPI, Barnes & Noble and Pearson.

  • 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.