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 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, and college admissions and scholarship services, as well as enrollment marketing and brand advertising services.

TypePublic
Founded2005
HQSanta Clara, US
Websitechegg.com
Employee Ratings4
Culture scoreB

Latest Updates

Employees (est.) (Dec 2019)1,401(+29%)
Job Openings75
Revenue (FY, 2019)$410.9 M(+28%)
Share Price (May 2020)$64.9 (+4%)

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
Dana Jewell

Dana Jewell

Secretary and Associate General Counsel
Mike Osier

Mike Osier

Chief Information Officer and Chief Outcomes Officer
Esther Lem

Esther Lem

Chief Marketing Officer
Show more

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

Embed Graph
View revenue for all periods
Chegg's revenue was reported to be $410.93 m in FY, 2019
USD

Revenue (Q1, 2020)

131.6m

Gross profit (Q1, 2020)

89.2m

Gross profit margin (Q1, 2020), %

67.8%

Net income (Q1, 2020)

(5.7m)

EBIT (Q1, 2020)

3.3m

Market capitalization (22-May-2020)

8.0b

Closing stock price (22-May-2020)

64.9

Cash (31-Mar-2020)

359.1m

EV

7.7b
Chegg's current market capitalization is $8 b.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

304.8m301.4m254.1m255.1m321.1m410.9m

Revenue growth, %

(1%)(16%)0%26%

Cost of goods sold

211.0m189.8m119.6m80.2m80.0m92.2m

Gross profit

93.8m111.5m134.5m174.9m241.1m318.7m
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

56.1m67.0m77.3m126.5m374.7m387.5m

Accounts Receivable

400.7m10.9m12.7m11.5m

Prepaid Expenses

2.0m4.7m10.5m

Inventories

63.8m
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

(64.8m)(59.2b)(42.2m)(20.3m)(14.9m)(9.6m)

Depreciation and Amortization

19.3m22.8m30.2m

Inventories

(20.0m)29.0m10.0m

Accounts Payable

10.9m(58.0m)(728.0k)2.6m893.0k(2.4m)
USDY, 2020

EV/EBIT

2.3 k x

EV/CFO

122 x

Financial Leverage

3.2 x
Show all financial metrics

Chegg Operating Metrics

Chegg's Subscribers was reported to be 2.2 m in FY, 2017. Chegg's Customers was reported to be 4.2 m in FY, 2017.
FY, 2015FY, 2016Q1, 2017Q2, 2017Q3, 2017Q4, 2017FY, 2017Q1, 2018Q2, 2018

Customers

3.10 m3.50 m4.20 m

Internships Provided

320 k340 k250 k

Subscribers

1.50 m1.50 m1.10 m1.20 m1.20 m1.40 m2.20 m

Views

99 m98 m74 m169 m440 m158 m158 m
Show all operating metrics

Chegg Acquisitions / Subsidiaries

Company NameDateDeal Size
ThinkfulSeptember 04, 2019$80 m

Chegg Online and Social Media Presence

Embed Graph

Chegg Company Culture

  • Overall Culture

    B

    78/100

  • CEO Rating

    A+

    84/100

  • Compensation

    B+

    79/100

  • Diversity

    C+

    72/100

Learn more on Comparably

Chegg News and Updates

Stocks making the biggest moves after hours: Slack, Chegg, Moderna and more

See which stocks are posting big moves after the bell.

Chegg stock gains over 10% after earnings beat

Chegg Inc. shares surged more than 10% in the extended session Monday after the company beat Wall Street's earnings expectations and raised its guidance for the year. The education company reported third-quarter net losses of $11.5 million, or 10 cents a share, versus losses of $13.7 million, or 12…

Chegg And College Pulse Launch Interactive College Student Political Polling Tool For The 2020 Presidential Election

SANTA CLARA, Calif., July 10, 2019 /PRNewswire/ -- Chegg (NYSE: CHGG), the leading student-first connected learning platform, has announced the launch of Chegg/College Pulse Student Election tracker, an interactive political poll surveying over 1,500 US students, reporting their views on...

Chegg to Announce Second Quarter 2019 Financial Results

SANTA CLARA, Calif., July 2, 2019 /PRNewswire/ -- Chegg, Inc. (NYSE: CHGG), a Smarter Way to Student, today announced that it is scheduled to release its earnings results for the second quarter of 2019 ended June 30, 2019, on Monday, July 29, 2019, after the market close. Chegg will host...

Chegg is launching a program to help pay off its employees' student debt

Chegg, the online education company known for its textbook rental service, is launching a program to more aggressively help pay down its employees' student debt.Why it matters: Instead of waiting on the possibility that Washington will tackle the growing pile of debt, a growing number of companies …

Chegg stock falls after earnings beat

Chegg Inc. shares fell roughly 3% in the extended session Monday after the company reported better-than-expected revenue and earnings. The company reported first-quarter net losses of $4.2 million, or 4 cents a share, compared with losses of $2.6 million, or 2 cents a share, in the year-ago period.…
Show more

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 Barnes & Noble, upGrad and Zhangmen.

  • 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.