Chegg

Education Marketing Technology advertising e-learning higher education learning content platform rental textbooks tutoring university

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.

Revenue(FY, 2017)

$255.1 M

Market capitalization(2018-06-22)

$3.1 B

Customers(FY, 2017)

4.2 M

Type

Public

Santa Clara, US

Founded

2005

Size (employees)

766 (est)-61%

Website

chegg.com

Chegg was founded in 2005 and is headquartered in Santa Clara, US

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Key People/Management at Chegg

Dan Rosensweig

President and Chief Executive Officer

Nathan Schultz

Chief Learning Officer

Andrew Brown

CFO

Mike Osier

Chief Outcomes Officer

Esther Lem

Chief Marketing Officer

Dave Borders

General Counsel

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Chegg Office Locations

Chegg has an office in Santa Clara

Santa Clara, US (HQ)

3990 Freedom Circle

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Chegg Financials and Metrics

Chegg Financials

Chegg's revenue was reported to be $255.07 m in FY, 2017 which is a 0.4% increase from the previous period.

Summary

USD
Revenue (Q1, 2018)	76.9 m
Gross profit (Q1, 2018)	56.7 m
Gross profit margin (Q1, 2018), %	73.7%
Net income (Q1, 2018)	(2.6 m)
EBIT (Q1, 2018)	(2.6 m)
Market capitalization (22-Jun-2018)	3.1 b
Closing share price (22-Jun-2018)	27.9
Cash (31-Mar-2018)	106.8 m

Chegg's current market capitalization is $3.1 b.

Income Statement

Annual

USD	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Revenue	304.8 m	301.4 m	254.1 m	255.1 m
Revenue growth, %		(1%)	(16%)	0%
Cost of goods sold	211 m	189.8 m	119.6 m	80.2 m
Gross profit	93.8 m	111.5 m	134.5 m	174.9 m

Quarterly

USD	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018
Revenue	74.4 m	64.5 m	81.5 m	84.9 m	67.1 m	81.3 m	66.7 m	53 m	71.3 m	62.6 m	56.3 m	62.6 m	76.9 m
Cost of goods sold	65.5 m	38.6 m	68.3 m	65.5 m	36.3 m	61.7 m	38.9 m	21.4 m	38.7 m	21.4 m	17 m	22.4 m	20.2 m
Gross profit	8.9 m	25.9 m	13.3 m	19.4 m	30.8 m	19.6 m	27.7 m	31.6 m	32.6 m	41.2 m	39.3 m	40.3 m	56.7 m
Gross profit Margin, %	12%	40%	16%	23%	46%	24%	42%	60%	46%	66%	70%	64%	74%

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Balance Sheet

Annual

USD	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Cash	56.1 m	67 m	77.3 m	126.5 m
Accounts Receivable			400.7 m
Inventories	63.8 m
Current Assets	110.8 m	132.8 m	111.4 m	228.9 m

Quarterly

USD	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q1, 2018
Cash	39.4 m	30.8 m	53.2 m	50 m	35.1 m	80.9 m	41.5 m	49.7 m	90.2 m	70.3 m	66.1 m	106.8 m
Current Assets	108.4 m	74.6 m	111 m	102.2 m	99.2 m	151.2 m	124.1 m	108.4 m	139.3 m	103.9 m	89.4 m	214.8 m
PP&E	19 m	18.9 m	18.3 m	17.9 m	18.6 m	18.5 m	23.4 m	29.4 m	30.8 m	36.8 m	40.3 m	48.2 m
Goodwill	49.6 m	86.7 m	86.7 m	91.3 m	91.3 m	91.3 m	91.3 m	115 m	115 m	116.2 m	116.2 m	125.5 m

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Cash Flow

Annual

USD	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Net Income	(64.8 m)	(59.2 b)	(42.2 m)	(20.3 m)
Inventories	(20 m)	29 m	10 m
Accounts Payable	10.9 m	(58 m)	(728 k)	2.6 m
Cash From Operating Activities	(20.7 m)	10.9 m	24.9 m	51.1 m

Quarterly

USD	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q1, 2018
Net Income	(25.8 m)	(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)	(2.6 m)
Depreciation and Amortization											5.2 m
Accounts Payable		9.8 m	6.1 m	4.8 m	3.8 m	12 m	4.3 m	6.3 m	8 m	3.3 m	(3.1 m)
Cash From Operating Activities											6.6 m