Chegg operates a student-first connected learning platform helping students' transition from high school to college to career. It offers print textbook and eTextbook library for rent and sale, provides eTextbooks, supplemental materials, Chegg Study service, tutoring service, writing tools, textbook buyback, test preparation service, internships, and college admissions and scholarship services, as well as enrollment marketing and brand advertising services.

Employee Rating

4.1More
TypePublic
HQSanta Clara, US
Founded2005
Size (employees)893 (est)+17%
Websitechegg.com
Chegg was founded in 2005 and is headquartered in Santa Clara, US
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Key People/Management at Chegg

Dan Rosensweig

Dan Rosensweig

President and Chief Executive Officer
Nathan Schultz

Nathan Schultz

Chief Learning Officer
Andrew Brown

Andrew Brown

CFO
Mike Osier

Mike Osier

Chief Outcomes Officer
Esther Lem

Esther Lem

Chief Marketing Officer
Dave Borders

Dave Borders

General Counsel
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Chegg Office Locations

Chegg has an office in Santa Clara
Santa Clara, US (HQ)
3990 Freedom Circle
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Chegg Financials and Metrics

Chegg Revenue

Chegg's revenue was reported to be $255.07 m in FY, 2017 which is a 0.4% increase from the previous period.
USD

Revenue (Q3, 2018)

74.2m

Net income (Q3, 2018)

(13.7m)

EBIT (Q3, 2018)

(10.4m)

Market capitalization (14-Dec-2018)

3.4b

Closing stock price (14-Dec-2018)

29.2

Cash (30-Sep-2018)

379.0m
Chegg's current market capitalization is $3.4 b.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

304.8m49.0m33.0m255.1m

Revenue growth, %

(1%)(16%)0%

Cost of goods sold

211.0m

Gross profit

93.8m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

74.4m64.5m81.5m84.9m5.0m25.2m12.7m53.0m71.3m62.6m56.3m62.6m76.9m74.2m

Cost of goods sold

65.5m38.6m68.3m65.5m21.4m38.7m

Gross profit

8.9m25.9m13.3m19.4m31.6m32.6m

Gross profit Margin, %

12%40%16%23%60%46%
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Cash

56.1m67.0m77.3m126.5m

Accounts Receivable

400.7m

Inventories

63.8m

Current Assets

110.8m132.8m111.4m228.9m
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(64.8m)(59.2b)(42.2m)(20.3m)

Inventories

(20.0m)29.0m10.0m

Accounts Payable

10.9m(58.0m)(728.0k)2.6m

Cash From Operating Activities

(20.7m)10.9m24.9m51.1m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

(25.8m)(34.0m)(66.4m)(28.5m)(38.7m)(62.8m)(15.7m)(24.7m)(40.8m)(6.4m)(12.4m)(23.9m)(2.6m)(6.5m)(20.2m)

Depreciation and Amortization

5.2m10.7m16.6m

Accounts Payable

(786.0k)3.0m(319.0k)(4.9m)(6.1m)2.0m(1.6m)1.0m2.7m(1.1m)(3.6m)(2.3m)(3.1m)(1.7m)(3.0m)

Cash From Operating Activities

29.1m22.6m68.0m6.7m(13.1m)18.1m(19.2m)(7.1m)30.7m835.0k16.2m29.4m6.6m23.5m44.7m
USDY, 2018

Financial Leverage

1.9 x
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Chegg Operating Metrics

Chegg's Customers was reported to be 4.2 m in FY, 2017.
FY, 2015FY, 2016Q1, 2017Q2, 2017Q3, 2017Q4, 2017FY, 2017Q1, 2018Q2, 2018

Citations

430 m150 m140 m63 m147 m500 m130 m133 m

Customers

3.10 m3.50 m4.20 m

Internships Provided

320 340 250 k

Views

99 m98 m74 m169 m440 m158 m158 m
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Chegg Online and Social Media Presence

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Chegg News and Updates

Chegg Honored as 2018 100 Best Workplaces for Women as well as Best Medium Workplaces by Great Place to Work® and FORTUNE MAGAZINE

SANTA CLARA, Calif., Oct. 30, 2018 /PRNewswire/ -- Chegg Inc. (NYSE: CHGG), the Smarter Way to Student, was named as one of the 2018 Best Workplaces for Women by Great Place to Work and FORTUNE. The list recognizes companies whose female employees report equally positive experiences as...

CHEGG LEAD PLAINTIFF DEADLINE ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $50,000 In Chegg, Inc. To Contact The Firm

NEW YORK, Oct. 29, 2018 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Chegg, Inc. ("Chegg" or the "Company") (NYSE: CHGG) of the November 26, 2018 deadline to seek the role of lead plaintiff in a federal securities class action that has ...

Chegg Reports Q3 2018 Financial Results

SANTA CLARA, Calif., Oct. 29, 2018 /PRNewswire/ -- Chegg, Inc. (NYSE: CHGG), the Smarter Way to Student, today reported financial results for the three months ended September 30, 2018. "We had a great Q3, driven by 37% Chegg Services revenues growth and 45% subscriber growth,...

Chegg stock rises more than 9% on company's adjusted earnings beat

Shares of Chegg Inc. rose more than 6% in the extended session Monday after the online education services company reported adjusted third-quarter earnings and sales above Wall Street expectations. Chegg said it lost $14 million, or 12 cents a share, in the quarter, compared with a loss of 11 cents …

Chegg Creates New Monetization Opportunities with Oracle Cloud

REDWOOD SHORES, Calif., Oct. 15, 2018 /PRNewswire/ -- Chegg, Inc., the Smarter Way to Student™, has deployed Oracle Monetization Cloud to enable innovative digital subscription services. Chegg's student-first, interconnected learning platform is transforming the way millions of students...

Chegg to Announce Third Quarter 2018 Financial Results

SANTA CLARA, Calif., Oct. 3, 2018 /PRNewswire/ -- Chegg, Inc. (NYSE: CHGG), a Smarter Way to Student, today announced that it is scheduled to release its earnings results for the third quarter of 2018 ended September 30, 2018, on Monday, October 29, 2018, after the market close. Chegg...
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Chegg Company Life and Culture

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Chegg Frequently Asked Questions

  • When was Chegg founded?

    Chegg was founded in 2005.

  • Who are Chegg key executives?

    Chegg's key executives are Dan Rosensweig, Nathan Schultz and Andrew Brown.

  • How many employees does Chegg have?

    Chegg has 893 employees.

  • What is Chegg revenue?

    Latest Chegg annual revenue is $255.1 m.

  • What is Chegg revenue per employee?

    Latest Chegg revenue per employee is $285.6 k.

  • Who are Chegg competitors?

    Competitors of Chegg include Barnes & Noble, Carnegie Dartlet and Embibe.

  • Where is Chegg headquarters?

    Chegg headquarters is located at 3990 Freedom Circle, Santa Clara.

  • Where are Chegg offices?

    Chegg has an office in Santa Clara.

  • How many offices does Chegg have?

    Chegg has 1 office.