Chegg, an online textbook rental company, was inspired by Osman Rashid and Aayush Phumbhra's frustration with the policies and procedures of their own university's bookstore. Osman and Aayush knew there had to be a better solution, one that worked for students, professors and publishers alike.

Chegg was launched at Iowa State University in 2005 as a hyper-local classifieds directory. In fall 2007, Chegg introduced their revolutionary textbook rental service. Chegg now offers its services to more than 6,400 universities and community colleges across the country.

Company growth
Type
Public
HQ
Santa Clara, US
Founded
2005
Size (employees)
672 (est)-5%
Chegg was founded in 2005 and is headquartered in Santa Clara, US

Key People at Chegg

Eric Di Benedetto

Eric Di Benedetto

Team Member
Rob Chesnut

Rob Chesnut

Senior Vice President, General Counsel
David Bernhardt

David Bernhardt

Vice President, Financial Planning & Analysis

Chegg Office Locations

Chegg has office in Santa Clara
Santa Clara, US

Chegg Metrics

Chegg Summary

Market capitalization

$758 M

Closing share price

$8.25
Chegg's current market capitalization is $758 M.

Chegg Financials

Chegg's revenue is $301 M in FY, 2015 which is 1.14% decrease from the previous period.
FY, 2015FY, 2014

Revenue

$301 M$305 M

Revenue growth, %

-1.1%

Gross profit

$112 M$93.8 M

Operating income

$-57.7 M$-65.1 M

Operating expense total

$169 M$159 M

Net Income

$-59.2 M$-64.8 M

Operating cash flow

$10.9 M$-20.7 M

Chegg Market Value History

Chegg Online Presence

Chegg News

Chegg Company Life

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