Chegg was founded in 2005 and is headquartered in Santa Clara, US

Team Member

Vice President, Financial Planning & Analysis

Chegg has an office in Santa Clara

Santa Clara, US (HQ)

3990 Freedom Circle

Chegg's revenue was reported to be $62.6 m in Q1, 2017

USD

## Revenue (Q1, 2017) | 62.6 m |

## Gross profit (Q1, 2017) | 41.2 m |

## Gross profit margin (Q1, 2017), % | 66% |

## Net income (Q1, 2017) | (6.4 m) |

## EBIT (Q1, 2017) | (5.5 m) |

## Market capitalization (21-Jul-2017) | 1.3 b |

## Cash (31-Mar-2017) | 70.3 m |

Chegg's current market capitalization is $1.3 b.

USD | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|

## Revenue | 304.8 m | 301.4 m | 254.1 m |

## Revenue growth, % | (1%) | (16%) | |

## Cost of goods sold | 211 m | 189.8 m | 119.6 m |

## Gross profit | 93.8 m | 111.5 m | 134.5 m |

## Gross profit Margin, % | 31% | 37% | 53% |

## Sales and marketing expense | 72.3 m | 64.1 m | 53.9 m |

## R&D expense | 49.4 m | 59.4 m | 66.3 m |

## General and administrative expense | 41.8 m | 45.2 m | 55.4 m |

## Operating expense total | 159 m | 169.2 m | 174.6 m |

## EBIT | (65.1 m) | (57.7 m) | (40.1 m) |

## EBIT margin, % | (21%) | (19%) | (16%) |

## Interest expense | (317 k) | (247 k) | (171 k) |

## Pre tax profit | (64.6 m) | (57.7 m) | (40.5 m) |

## Income tax expense | 186 k | 1.5 m | 1.7 m |

## Net Income | (64.8 m) | (59.2 m) | (42.2 m) |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Revenue | 64.5 m | 81.5 m | 84.9 m | 67.1 m | 81.3 m | 66.7 m | 53 m | 71.3 m | 62.6 m |

## Cost of goods sold | 38.6 m | 68.3 m | 65.5 m | 36.3 m | 61.7 m | 38.9 m | 21.4 m | 38.7 m | 21.4 m |

## Gross profit | 25.9 m | 13.3 m | 19.4 m | 30.8 m | 19.6 m | 27.7 m | 31.6 m | 32.6 m | 41.2 m |

## Gross profit Margin, % | 40% | 16% | 23% | 46% | 24% | 42% | 60% | 46% | 66% |

## Sales and marketing expense | 14.8 m | 23.5 m | 21.4 m | 12.4 m | 16.2 m | 14.4 m | 11.7 m | 15.3 m | 16 m |

## R&D expense | 12.2 m | 13.5 m | 16.1 m | 13.3 m | 15.7 m | 17 m | 16 m | 16.2 m | 19.3 m |

## General and administrative expense | 10.7 m | 11 m | 11.8 m | 11.9 m | 12.1 m | 12.7 m | 14.6 m | 13.9 m | 15.3 m |

## Operating expense total | 37.7 m | 47.9 m | 49.3 m | 37.6 m | 43.9 m | 44.1 m | 42.3 m | 45.4 m | 50.6 m |

## EBIT | (9.6 m) | (32.6 m) | (28.3 m) | (9.7 m) | (23.8 m) | (15.3 m) | (8.4 m) | (15.3 m) | (5.5 m) |

## EBIT margin, % | (15%) | (40%) | (33%) | (14%) | (29%) | (23%) | (16%) | (21%) | (9%) |

## Interest expense | (127 k) | (67 k) | (61 k) | (60 k) | (61 k) | (60 k) | (61 k) | (30 k) | (19 k) |

## Pre tax profit | (28.2 m) | (15.3 m) | (8.5 m) | (15.5 m) | (5.8 m) | ||||

## Income tax expense | (1.4 m) | 281 k | 294 k | 430 k | 389 k | 400 k | 509 k | 554 k | 647 k |

## Net Income | (8.2 m) | (32.4 m) | (28.5 m) | (10.1 m) | (24.2 m) | (15.7 m) | (9 m) | (16.1 m) | (6.4 m) |

USD | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|

## Cash | 56.1 m | 67 m | 77.3 m |

## Accounts Receivable | 400.7 m | ||

## Inventories | 63.8 m | ||

## Current Assets | 110.8 m | 132.8 m | 111.4 m |

## PP&E | 18.4 m | 20 m | 35.3 m |

## Goodwill | 91.3 m | 91.3 m | 116.2 m |

## Total Assets | 318.1 m | 291.4 m | 290.7 m |

## Accounts Payable | 10.9 m | 5.9 m | 5.2 m |

## Current Liabilities | 66.7 m | 56.1 m | 64.3 m |

## Non-Current Liabilities | 4.4 m | ||

## Total Liabilities | 71.1 m | 68.7 m | |

## Additional Paid-in Capital | 516.8 m | 560.2 m | 593.4 m |

## Retained Earnings | (269.9 m) | (329.1 m) | (371.3 m) |

## Total Equity | 247 m | 231.1 m | 221.9 m |

## Financial Leverage | 1.3 x | 1.3 x | 1.3 x |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Cash | 30.8 m | 53.2 m | 50 m | 35.1 m | 80.9 m | 41.5 m | 49.7 m | 90.2 m | 70.3 m |

## Current Assets | 74.6 m | 111 m | 102.2 m | 99.2 m | 151.2 m | 124.1 m | 108.4 m | 139.3 m | 103.9 m |

## PP&E | 18.9 m | 18.3 m | 17.9 m | 18.6 m | 18.5 m | 23.4 m | 29.4 m | 30.8 m | 36.8 m |

## Goodwill | 86.7 m | 86.7 m | 91.3 m | 91.3 m | 91.3 m | 91.3 m | 115 m | 115 m | 116.2 m |

## Total Assets | 314.5 m | 348.1 m | 309.7 m | 287.6 m | 322.1 m | 274.7 m | 292.9 m | 316.2 m | 281 m |

## Accounts Payable | 9.8 m | 6.1 m | 4.8 m | 3.8 m | 12 m | 4.3 m | 6.3 m | 8 m | 3.3 m |

## Current Liabilities | 54 m | 108.1 m | 70 m | 47.5 m | 97.7 m | 50.4 m | 67.1 m | 97 m | 62.4 m |

## Non-Current Liabilities | 5.2 m | 5.3 m | 4.3 m | ||||||

## Additional Paid-in Capital | 494.4 m | 506.2 m | 533.7 m | 543.8 m | 552.8 m | 565.2 m | 575.6 m | 585 m | 591.8 m |

## Retained Earnings | (239.1 m) | (271.6 m) | (298.4 m) | (308.5 m) | (332.7 m) | (344.8 m) | (353.8 m) | (369.8 m) | (377.7 m) |

## Total Equity | 255.4 m | 234.7 m | 235.4 m | 235.3 m | 220.1 m | 220.4 m | 221.7 m | 215.1 m | 214.1 m |

## Financial Leverage | 1.2 x | 1.5 x | 1.3 x | 1.2 x | 1.5 x | 1.2 x | 1.3 x | 1.5 x | 1.3 x |

USD | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|

## Net Income | (64.8 m) | (59.2 b) | (42.2 m) |

## Accounts Receivable | 4 m | (2 m) | (127 k) |

## Inventories | (20 m) | 29 m | 10 m |

## Accounts Payable | 10.9 m | (58 m) | (728 k) |

## Cash From Operating Activities | (20.7 m) | 10.9 m | 24.9 m |

## Purchases of PP&E | (24.7 m) | ||

## Cash From Investing Activities | (6 m) | ||

## Cash From Financing Activities | (8.7 m) | ||

## Interest Paid | 50 k | ||

## Income Taxes Paid | 1.1 m |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Net Income | (8.2 m) | (32.4 m) | (28.5 m) | (10.1 m) | (24.2 m) | (15.7 m) | (9 m) | (16.1 m) | (6.4 m) |

## Accounts Payable | 9.8 m | 6.1 m | 4.8 m | 3.8 m | 12 m | 4.3 m | 6.3 m | 8 m | 3.3 m |

USD | Y, 2017 |
---|---|

## Revenue/Employee | 81.7 k |

## Financial Leverage | 1.3 x |

Source: 89 public H-1B filings from Chegg