OverviewSuggest Edit

Instructure is a technology company that is focused on providing cloud-based learning management software for educational institutions, companies, and other organizations. The Company develops Canvas, a learning management application for the education market; and Bridge for the corporate market to enable its customers to develop, deliver and manage face-to-face and online learning experiences.

TypePublic
Founded2008
HQSalt Lake City, US
Websiteinstructure.com
Employee Ratings3.1

Latest Updates

Employees (est.) (Sept 2019)1,413(+3%)
Job Openings31
Revenue (FY, 2019)$258.5 M(+24%)
Share Price (Mar 2020)$49
Cybersecurity ratingCMore

Key People/Management at Instructure

David Burggraaf

David Burggraaf

SVP, Engineering
Matt Kaminer

Matt Kaminer

SVP, General Counsel & Secretary
Jeff Weber

Jeff Weber

SVP, People & Places
Zach Wily

Zach Wily

Chief Architect
Mitch Benson

Mitch Benson

SVP, Product
Emily Foote

Emily Foote

GM, Practice
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Instructure Office Locations

Instructure has offices in Salt Lake City, Chicago, Pleasant Grove, Seattle and in 3 other locations
Salt Lake City, US (HQ)
6330 S 3000 E #700
Chicago, US
130 E Randolph St #2100
Pleasant Grove, US
2100 Pleasant Grove Blvd #600
Seattle, US
720 3rd Ave
Sydney, AU
Level 19, One Wharf Lane, 171 Sussex St
London, GB
2nd Floor, 25 Kingly Street
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Instructure Financials and Metrics

Instructure Revenue

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Instructure's revenue was reported to be $258.47 m in FY, 2019
USD

Revenue (FY, 2019)

258.5m

Gross profit (FY, 2019)

175.6m

Gross profit margin (FY, 2019), %

68%

Net income (FY, 2019)

(80.8m)

EBIT (FY, 2019)

(86.0m)

Market capitalization (30-Mar-2020)

1.9b

Closing stock price (30-Mar-2020)

49.0

Cash (31-Dec-2019)

101.2m

EV

1.8b
Instructure's current market capitalization is $1.9 b.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Revenue

110.9m158.8m209.5m258.5m

Revenue growth, %

51%43%32%

Cost of goods sold

32.7m46.4m61.8m82.8m

Gross profit

78.1m112.4m147.7m175.6m
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Revenue

23.3m25.9m30.1m34.0m38.0m42.9m48.0m50.1m55.2m58.1m62.9m68.3m

Cost of goods sold

7.3m7.6m8.6m9.6m11.0m12.5m14.0m14.6m16.1m18.2m20.4m21.3m

Gross profit

16.0m18.3m21.5m24.4m27.1m30.5m34.0m35.5m39.1m39.9m42.4m47.0m

Gross profit Margin, %

68%71%71%72%71%71%71%71%71%69%67%69%
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Cash

44.5m35.7m94.3m101.2m

Accounts Receivable

6.8m30.8m35.5m38.0m

Prepaid Expenses

11.5m13.9m9.8m

Inventories

8.1m
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Net Income

(53.6m)(49.8m)(43.5m)(80.8m)

Depreciation and Amortization

4.0m6.8m11.5m20.0m

Inventories

(592.0k)

Accounts Payable

4.1m740.0k(2.8m)13.0m
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Net Income

(13.7m)(28.3m)(40.6m)(12.7m)(25.7m)(38.1m)(11.9m)(24.4m)(35.9m)(16.1m)(36.9m)(57.8m)

Depreciation and Amortization

989.0k2.1m3.1m1.4m3.0m4.7m2.8m5.6m8.6m3.5m8.8m14.5m

Accounts Payable

515.0k1.7m4.3m(1.5m)2.2m8.2m2.1m3.0m10.2m3.1m10.6m8.9m

Cash From Operating Activities

(18.8m)(28.4m)(6.7m)(27.7m)(39.6m)3.9m(12.3m)(34.4m)20.3m(36.2m)(50.6m)31.6m
USDQ1, 2016

Revenue/Employee

28.7k

Financial Leverage

2.9 x
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Instructure Operating Metrics

Instructure's Backlog was reported to be $284m in FY, 2017.
FY, 2014FY, 2015FY, 2016FY, 2017Mar, 2018

Backlog

$113 m$152 m$213 m$284 m

Corporate and Institutional Clients

1.80 k2 k3 k3 k

Countries

35 40 60 65
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Instructure Cybersecurity Score

Cybersecurity ratingPremium dataset

C

74/100

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Instructure Revenue Breakdown

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Instructure revenue breakdown by geographic segment: 85.7% from United States and 14.3% from Foreign

Instructure Online and Social Media Presence

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Instructure News and Updates

Praesidium cuts Instructure stake amid plans for sale

Praesidium Investment Management, a vocal critic of Instructure Inc.'s plans to sell itself to private equity firm Thoma Bravo, said on Thursday that it cut its stake in the U.S. educational software company.

Some investors cut Instructure stakes amid uncertain future -filings

Instructure Inc's uncertain future, clouded by a buyout offer that a few shareholders called too cheap, prompted some investors to shrink their holdings in the U.S. educational company in the last months of 2019.

Instructure accepts Thoma Bravo's raised takeover bid

Instructure Inc said on Friday it will sell itself to Thoma Bravo for $49 a share after the private equity firm twice increased its bid for the U.S. educational software company within the last two days.

Instructure and Thoma Bravo Amend Definitive Merger Agreement to Increase Offer Price to $49.00 Per Share in Cash

SALT LAKE CITY, Feb. 14, 2020 /PRNewswire/ -- Instructure (NYSE: INST) and Thoma Bravo, LLC today announced that they have entered into an amendment to their definitive merger agreement under which Thoma Bravo has increased to $49.00 per share in cash its offer to acquire all outstanding...

Instructure Will Adjourn Special Meeting of Instructure Stockholders

SALT LAKE CITY, Feb. 13, 2020 /PRNewswire/ -- Instructure (NYSE: INST) today announced that it will adjourn today's Special Meeting of Instructure Stockholders called to vote on the previously announced definitive merger agreement with Thoma Bravo, LLC to acquire all outstanding common...

Instructure says activist investor trying to derail $2 bln Thoma Bravo deal

U.S. educational software company Instructure Inc said on Monday a certain activist investor was trying to derail its $2 billion deal with private equity firm Thoma Bravo.
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Instructure Blogs

Instructure Closes Deal with Thoma Bravo

Instructure Closes Deal with Thoma Bravo ltyler Tue, 03/24/2020 - 18:07 Featured Image B27A2374_0_0.jpg Post Summary We are excited about what Instructure, and the entire Canvas Family, will be able to accomplish for the world of education wi…

Instructure Canvas Integrates with Microsoft Teams to Keep Educators, Students, and Administrators Connected

Instructure Canvas Integrates with Microsoft Teams to Keep Educators, Students, and Administrators Connected ckanaly Mon, 03/16/2020 - 22:44 Featured Image TeacherClassTeamsCall_Video (2).png Post Summary Teams meetings are integrated directl…

My Commitment to You as Chief Customer Experience Officer

ltyler Fri, 01/24/2020 - 17:35 post_summary A letter from Melissa Loble, Instructure's newly appointed Chief Customer Experience Officer.  post_feature_img students-raised-hands.png post_description A letter …

Diversity in Business: Human Rights

jsmoody Mon, 12/23/2019 - 22:17 post_summary At Instructure diversity and inclusion are a must. This blog post dives into human rights and how to treat others with compassion and respect. post_feature_img People learning.jpg …

The Impact of Longevity on Lifelong Learning

jsmoody Wed, 11/13/2019 - 21:05 post_summary In our partnership with the Stanford Center on Longevity, we’re exploring longevity’s influence on the future of work and education. post_feature_img shutterstock_657540856.jpg …

Customer Q & A: How Can Companies Best Support Career Development for Their Employees?

jsmoody Tue, 11/12/2019 - 17:51 Bridge Happy National Career Development Month! Throughout the month of November, companies and employees around the nation are celebrating career related activities. Research shows that one thi…
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Instructure Frequently Asked Questions

  • When was Instructure founded?

    Instructure was founded in 2008.

  • Who are Instructure key executives?

    Instructure's key executives are David Burggraaf, Matt Kaminer and Jeff Weber.

  • How many employees does Instructure have?

    Instructure has 1,413 employees.

  • What is Instructure revenue?

    Latest Instructure annual revenue is $258.5 m.

  • What is Instructure revenue per employee?

    Latest Instructure revenue per employee is $182.9 k.

  • Who are Instructure competitors?

    Competitors of Instructure include Motivis Learning, Knewton and Fishtree.

  • Where is Instructure headquarters?

    Instructure headquarters is located at 6330 S 3000 E #700, Salt Lake City.

  • Where are Instructure offices?

    Instructure has offices in Salt Lake City, Chicago, Pleasant Grove, Seattle and in 3 other locations.

  • How many offices does Instructure have?

    Instructure has 8 offices.