Chegg is an online textbook rental company offering services to universities and community colleges in the U.S. Acting as the student hub, Chegg is transforming the way the students learn by connecting them to the people and tools needed to succeed in college.

Company Growth (employees)
Type
Public
HQ
Santa Clara, US
Founded
2005
Size (employees)
766 (est)+14%
Website
chegg.com
Chegg was founded in 2005 and is headquartered in Santa Clara, US

Key People at Chegg

Eric Di Benedetto

Eric Di Benedetto

Team Member
David Bernhardt

David Bernhardt

Vice President, Financial Planning & Analysis

Chegg Office Locations

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

Chegg Data and Metrics

Chegg Financial Metrics

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.
USDFY, 2014FY, 2015FY, 2016

Revenue

304.8 m301.4 m254.1 m

Revenue growth, %

(1%)(16%)

Cost of goods sold

211 m189.8 m119.6 m

Gross profit

93.8 m111.5 m134.5 m

Gross profit Margin, %

31%37%53%

Sales and marketing expense

72.3 m64.1 m53.9 m

R&D expense

49.4 m59.4 m66.3 m

General and administrative expense

41.8 m45.2 m55.4 m

Operating expense total

159 m169.2 m174.6 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 k1.5 m1.7 m

Net Income

(64.8 m)(59.2 m)(42.2 m)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

64.5 m81.5 m84.9 m67.1 m81.3 m66.7 m53 m71.3 m62.6 m

Cost of goods sold

38.6 m68.3 m65.5 m36.3 m61.7 m38.9 m21.4 m38.7 m21.4 m

Gross profit

25.9 m13.3 m19.4 m30.8 m19.6 m27.7 m31.6 m32.6 m41.2 m

Gross profit Margin, %

40%16%23%46%24%42%60%46%66%

Sales and marketing expense

14.8 m23.5 m21.4 m12.4 m16.2 m14.4 m11.7 m15.3 m16 m

R&D expense

12.2 m13.5 m16.1 m13.3 m15.7 m17 m16 m16.2 m19.3 m

General and administrative expense

10.7 m11 m11.8 m11.9 m12.1 m12.7 m14.6 m13.9 m15.3 m

Operating expense total

37.7 m47.9 m49.3 m37.6 m43.9 m44.1 m42.3 m45.4 m50.6 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 k294 k430 k389 k400 k509 k554 k647 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)
USDFY, 2014FY, 2015FY, 2016

Cash

56.1 m67 m77.3 m

Accounts Receivable

400.7 m

Inventories

63.8 m

Current Assets

110.8 m132.8 m111.4 m

PP&E

18.4 m20 m35.3 m

Goodwill

91.3 m91.3 m116.2 m

Total Assets

318.1 m291.4 m290.7 m

Accounts Payable

10.9 m5.9 m5.2 m

Current Liabilities

66.7 m56.1 m64.3 m

Non-Current Liabilities

4.4 m

Total Liabilities

71.1 m68.7 m

Additional Paid-in Capital

516.8 m560.2 m593.4 m

Retained Earnings

(269.9 m)(329.1 m)(371.3 m)

Total Equity

247 m231.1 m221.9 m

Financial Leverage

1.3 x1.3 x1.3 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

30.8 m53.2 m50 m35.1 m80.9 m41.5 m49.7 m90.2 m70.3 m

Current Assets

74.6 m111 m102.2 m99.2 m151.2 m124.1 m108.4 m139.3 m103.9 m

PP&E

18.9 m18.3 m17.9 m18.6 m18.5 m23.4 m29.4 m30.8 m36.8 m

Goodwill

86.7 m86.7 m91.3 m91.3 m91.3 m91.3 m115 m115 m116.2 m

Total Assets

314.5 m348.1 m309.7 m287.6 m322.1 m274.7 m292.9 m316.2 m281 m

Accounts Payable

9.8 m6.1 m4.8 m3.8 m12 m4.3 m6.3 m8 m3.3 m

Current Liabilities

54 m108.1 m70 m47.5 m97.7 m50.4 m67.1 m97 m62.4 m

Non-Current Liabilities

5.2 m5.3 m4.3 m

Additional Paid-in Capital

494.4 m506.2 m533.7 m543.8 m552.8 m565.2 m575.6 m585 m591.8 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 m234.7 m235.4 m235.3 m220.1 m220.4 m221.7 m215.1 m214.1 m

Financial Leverage

1.2 x1.5 x1.3 x1.2 x1.5 x1.2 x1.3 x1.5 x1.3 x
USDFY, 2014FY, 2015FY, 2016

Net Income

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

Accounts Receivable

4 m(2 m)(127 k)

Inventories

(20 m)29 m10 m

Accounts Payable

10.9 m(58 m)(728 k)

Cash From Operating Activities

(20.7 m)10.9 m24.9 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
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 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 m6.1 m4.8 m3.8 m12 m4.3 m6.3 m8 m3.3 m
USDY, 2017

Revenue/Employee

81.7 k

Financial Leverage

1.3 x

Chegg Market Value History

Chegg Job Categories

Chegg Median Salaries

Source: 89 public H-1B filings from Chegg

Chegg Online and Social Media Presence

Chegg News and Updates

Chegg Company Life and Culture

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