OverviewSuggest Edit

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.

TypePublic
Founded2005
HQSanta Clara, US
Websitechegg.com
Employee Ratings4.1

Latest Updates

Employees (est.) (Dec 2018)1,087(+22%)
Job Openings86
Revenue (FY, 2018)$321.1 M(+26%)
Share Price (Mar 2019)$40.7 (+2%)

Key People/Management at Chegg

Dan Rosensweig

Dan Rosensweig

President and Chief Executive Officer
Nathan Schultz

Nathan Schultz

President of Learning Services
Andrew Brown

Andrew Brown

CFO
Mike Osier

Mike Osier

Chief Information Officer and 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 Cir
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Chegg Financials and Metrics

Chegg Revenue

Chegg's revenue was reported to be $321.08 m in FY, 2018
USD

Revenue (FY, 2018)

321.1m

Gross profit (FY, 2018)

241.1m

Gross profit margin (FY, 2018), %

75.1%

Net income (FY, 2018)

(14.9m)

EBIT (FY, 2018)

(6.2m)

Market capitalization (13-Mar-2019)

4.7b

Closing stock price (13-Mar-2019)

40.7

Cash (31-Dec-2018)

374.7m
Chegg's current market capitalization is $4.7 b.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

304.8m49.0m33.0m255.1m321.1m

Revenue growth, %

(1%)(16%)0%

Cost of goods sold

211.0m80.0m

Gross profit

93.8m241.1m
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, 2017FY, 2018

Cash

56.1m67.0m77.3m126.5m374.7m

Accounts Receivable

400.7m

Inventories

63.8m

Current Assets

110.8m132.8m111.4m228.9m494.9m
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

(64.8m)(59.2b)(42.2m)(20.3m)(14.9m)

Depreciation and Amortization

22.8m

Inventories

(20.0m)29.0m10.0m

Accounts Payable

10.9m(58.0m)(728.0k)2.6m893.0k
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

Revenue/Employee

295.4k

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

Global K-12 Online Education Market 2019-2023: Ambow Education, CDEL, New Oriental Education and Technology, TAL, Vedantu, iTutorGroup, EF Education First, Chegg, Knewton, Tokyo Academics

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…

Stocks making the biggest moves after hours: Gilead, RingCentral, Chegg and more

See which stocks are posting big moves after the bell.

Chegg stock rallies 8% on earnings beat, guidance increase

Chegg Inc. shares rose more than 8% in the extended session Monday after the online education services company reported fourth-quarter results well above Wall Street expectations and raised its guidance for 2019. Chegg said it earned $5.3 million, or 4 cents a share, in the quarter, compared with $…

Chegg Selected to Join World Economic Forum

SANTA CLARA, Calif., Jan. 24, 2019 /PRNewswire/ -- Chegg, Inc. (NYSE: CHGG), a Smarter Way to Student, today announced the company has become a Member of the World Economic Forum. Forum membership is by invitation only, after a careful selection and approval process. As a Forum Member,...

Chegg to Announce Fourth Quarter and Full Year 2018 Financial Results

SANTA CLARA, Calif., Jan. 15, 2019 /PRNewswire/ -- Chegg Inc. (NYSE: CHGG), a Smarter Way to Student, today announced that it is scheduled to release its earnings results for the fourth quarter and full fiscal year of 2018 ended December 31, 2018, on Monday, February 11, 2019, after the...

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...
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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 1,087 employees.

  • What is Chegg revenue?

    Latest Chegg annual revenue is $321.1 m.

  • What is Chegg revenue per employee?

    Latest Chegg revenue per employee is $295.4 k.

  • Who are Chegg competitors?

    Competitors of Chegg include Barnes & Noble, Yuanfudao and Embibe.

  • Where is Chegg headquarters?

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

  • Where are Chegg offices?

    Chegg has an office in Santa Clara.

  • How many offices does Chegg have?

    Chegg has 1 office.