Chegg

OverviewSuggest Edit

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

TypePublic
Founded2005
HQSanta Clara, USMap
Websitechegg.com
Employee Ratings4.2More
Overall CultureBMore
View Jobs (45)

Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2019)1,401(+29%)
Job Openings45
Revenue (FY, 2019)$410.9 M(+28%)
Share Price (Nov 2020)$72.6 (+6%)
Cybersecurity ratingCMore

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

Chief Financial Officer
Mike Osier

Mike Osier

Chief Information Officer and Chief Outcomes Officer
Esther Lem

Esther Lem

Chief Marketing Officer
John Filmore

John Filmore

Chief Business Officer
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Chegg Office Locations

Chegg has offices in Santa Clara, New York, San Francisco, Berlin and in 3 other locations
Santa Clara, US (HQ)
3990 Freedom Cir
New York, US
10 E 39th St
San Francisco, US
301 Howard St
Berlin, DE
Cuvrystraße 4
New Delhi, IN
401 Corporate One, Plot Number 05, Jasola
Visakhapatnam, IN
9-42-14, Karachettu Road, Balaji Nagar, Asilmetta
Show all (7)

Chegg Financials and Metrics

Chegg Revenue

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Chegg's revenue was reported to be $410.93 m in FY, 2019 which is a 28% increase from the previous period.
USD

Revenue (Q3, 2020)

154.0m

Gross profit (Q3, 2020)

91.6m

Gross profit margin (Q3, 2020), %

59.5%

Net income (Q3, 2020)

(37.1m)

EBIT (Q3, 2020)

(17.8m)

Market capitalization (26-Nov-2020)

9.3b

Closing stock price (26-Nov-2020)

72.6

Cash (30-Sept-2020)

527.5m

EV

10.4b
Chegg's current market capitalization is $9.3 b.
Annual
USDFY, 2017FY, 2018FY, 2019

Revenue

255.1m321.1m410.9m

Revenue growth, %

26%28%

Cost of goods sold

80.2m80.0m92.2m

Gross profit

174.9m241.1m318.7m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

76.9m74.2m74.2m97.4m93.9m94.2m131.6m153.0m154.0m

Cost of goods sold

20.2m17.8m19.9m23.3m20.5m22.2m42.4m43.5m62.4m

Gross profit

56.7m56.4m54.3m74.1m73.3m72.0m89.2m109.5m91.6m

Gross profit Margin, %

74%76%73%76%78%76%68%72%60%
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Annual
USDFY, 2017FY, 2018FY, 2019

Cash

126.5m374.7m387.5m

Accounts Receivable

10.9m12.7m11.5m

Prepaid Expenses

2.0m4.7m10.5m

Current Assets

228.9m494.9m807.3m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

106.8m384.9m379.0m914.5m555.8m450.5m359.1m285.1m527.5m

Accounts Receivable

8.1m8.1m8.6m8.9m5.9m13.7m6.5m8.8m12.5m

Prepaid Expenses

10.8m8.7m7.1m15.7m12.2m9.7m17.9m16.1m15.1m

Current Assets

214.8m490.4m502.3m1.0b847.9m844.1m807.8m742.1m1.3b
show all
Annual
USDFY, 2017FY, 2018FY, 2019

Net Income

(20.3m)(14.9m)(9.6m)

Depreciation and Amortization

19.3m22.8m30.2m

Accounts Payable

2.6m893.0k(2.4m)

Cash From Operating Activities

51.1m75.1m113.4m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

(2.6m)(6.5m)(20.2m)(4.3m)(6.3m)(17.8m)(5.7m)4.9m(32.3m)

Depreciation and Amortization

5.2m10.7m16.6m6.8m13.9m21.4m12.8m26.9m43.8m

Accounts Payable

(3.1m)(1.7m)(3.0m)(1.8m)(5.4m)(4.0m)(436.0k)(574.0k)(1.6m)

Cash From Operating Activities

6.6m23.5m44.7m17.9m47.8m86.6m63.0m122.2m168.7m
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USDFY, 2017

Revenue/Employee

285.6k

Financial Leverage

1.1 x

P/E Ratio

(81.6)
Show all financial metrics

Chegg Operating Metrics

Chegg's Subscribers was reported to be 3.7 m in Q3, 2020. Chegg's Customers was reported to be 5.8 m in FY, 2019.
FY, 2015FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020

Customers

3.10 m3.50 m4.20 m5.10 m5.80 m

Internships Provided

320 k340 k250 k

Subscribers

1.50 m1.50 m1.10 m1.20 m1.20 m2.20 m2.20 m2.16 m3.10 m2.23 m2.21 m3.94 m2.91 m3.72 m3.75 m

Views

99 m98 m74 m440 m158 m158 m110 m650 m126 m198 m138 m810 m235 m375 m252 m
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Chegg Acquisitions / Subsidiaries

Company NameDateDeal Size
MathwayJune 05, 2020$100 m
StudyBlueSeptember 04, 2019$20.80 m
ThinkfulSeptember 04, 2019$80 m
WriteLabMay 16, 2018$15 m
MATH 42October 18, 2017€12.50 m
RefMEFebruary 08, 2017
Imagine Easy SolutionsMay 01, 2016$42 m
Internships.comOctober 02, 2014$11 m
InstaEDUJune 03, 2014$30 m
Campus SpecialApril 18, 2014
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Chegg Revenue Breakdown

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Chegg revenue breakdown by business segment: 80.8% from Chegg Services and 19.2% from Required Materials

Chegg Cybersecurity Score

Cybersecurity ratingPremium dataset

C

77/100

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Chegg Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

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Chegg Online and Social Media Presence

Chegg's Trends

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Chegg Company Culture

  • Overall Culture

    B

    78/100

  • CEO Rating

    A+

    84/100

  • Compensation

    B+

    79/100

  • Diversity

    C+

    72/100

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Chegg News and Updates

November 26, 2020

Chegg Inc. (CHGG) Soars 5.59% on November 26

Chegg Inc. (CHGG) had a good day on the market for Thursday November 26 as shares jumped 5.59% to close at $72.57. About 3.98 million shares traded hands on 44,004 trades for the day, compared with an average daily volume of n/a shares out of a total float of 128.81 million. After opening the tradin…
October 26, 2020

Chegg Reports Strong Q3 2020 Financial Results and Raises Full Year 2020 Guidance

Chegg today reported financial results for the three months ended September 30, 2020
August 21, 2020

Chegg Announces Closing of $1.0 Billion of 0% Convertible Senior Notes Due 2026, Including Full Exercise of Initial Purchasers’ $100.0 Million Option to Purchase Additional Notes

Chegg today announced that it has closed its offering of convertible senior notes due 2026 (the “notes”) for gross proceeds of $1.0 billion. The proceeds include the full exercise of the $100.0 million option granted by Chegg to the initial purchasers of the notes
August 19, 2020

Chegg Prices Offering of $900.0 Million of 0% Convertible Senior Notes Due 2026

Chegg today announced that it has priced $900.0 million aggregate principal amount of 0% convertible senior notes due 2026 (the "notes")
August 17, 2020

Chegg to Offer $750.0 Million of Convertible Senior Notes Due 2026

Chegg today announced that it proposes to offer $750.0 million aggregate principal amount of convertible senior notes due 2026 (the “notes”), subject to market conditions and other factors
August 04, 2020

Chegg Strengthens Executive Team With Addition of Woodie Dixon Jr. as General Counsel

Chegg announced today that Mr. Woodie Dixon Jr. will be joining the company as General Counsel effective September 8th, 2020. Dixon is the current General Counsel and Senior Vice President of Business Affairs for the Pac-12 Conference where he oversees all legal matters for the Pac-12, including cor…
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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 1,401 employees.

  • What is Chegg revenue?

    Latest Chegg annual revenue is $410.9 m.

  • What is Chegg revenue per employee?

    Latest Chegg revenue per employee is $293.3 k.

  • Who are Chegg competitors?

    Competitors of Chegg include Course Hero, 2U and Vedantu.

  • Where is Chegg headquarters?

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

  • Where are Chegg offices?

    Chegg has offices in Santa Clara, New York, San Francisco, Berlin and in 3 other locations.

  • How many offices does Chegg have?

    Chegg has 7 offices.