Instructure

OverviewSuggest Edit

Instructure is a technology company providing cloud-based learning management software for educational institutions, companies, and other organizations. It develops Canvas, a learning management application for the education market. The company aims to enable its customers to develop, deliver, and manage face-to-face and online learning experiences.
TypePublic
Founded2008
HQSalt Lake City, UT, US
Websiteinstructure.com
Employee Ratings3.3
Overall CultureA+

Latest Updates

Employees (est.) (Dec 2021)1,283(+16%)
Job Openings70
Revenue (FY, 2021)$405.4 M(+57%)
Share Price (Aug 2022)$24.5
Cybersecurity ratingBMore
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Key People/Management at Instructure

Charles Goodman

Charles Goodman

Chair
Steve Daly

Steve Daly

Chief Executive Officer
Melissa Loble

Melissa Loble

Chief Customer Experience Officer
Frank Maylett

Frank Maylett

Chief Revenue Officer
Roshan Popal

Roshan Popal

Chief Information Officer
Yisehak Lemma

Yisehak Lemma

Chief Information Security Officer
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Instructure Office Locations

Instructure has offices in Salt Lake City, Sydney, São Paulo, Hong Kong and in 2 other locations
Salt Lake City, UT, US (HQ)
6330 S 3000 E Suite 700
Sydney, AU
One Wharf Lane Building, Level 22, 171 Sussex Street
São Paulo, BR
Avenida Brigadeiro Faria Lima, 1336 - Cj. 112, Jardim
Hong Kong, HK
21/F, City Plaza 3, 14 Taikoo Wan Road, Quarry Bay
Budapest, HU
Balatoni út 2/a 8.em
London, GB
New Penderel, House 4th Flr, 283, 288 High Holborn, Holborn
Show all (6)

Instructure Financials and Metrics

Instructure Revenue

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Instructure's revenue was reported to be $405.36 m in FY, 2021
USD

Revenue (Q1, 2022)

113.5m

Gross profit (Q1, 2022)

72.5m

Gross profit margin (Q1, 2022), %

63.9%

Net income (Q1, 2022)

(5.5m)

EBIT (Q1, 2022)

(3.7m)

Market capitalization (1-Aug-2022)

3.5b

Closing stock price (1-Aug-2022)

24.5

Cash (31-Mar-2022)

100.9m

EV

3.9b
Instructure's current market capitalization is $3.5 b.
Annual
USDFY, 2019FY, 2021

Revenue

258.5m405.4m

Cost of goods sold

82.8m169.9m

Gross profit

175.6m235.5m

Gross profit Margin, %

68%58%
Quarterly
USDQ1, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Revenue

71.4m94.0m93.6m107.2m113.5m

Cost of goods sold

24.4m45.6m41.0m41.5m41.0m

Gross profit

47.0m48.3m52.6m65.8m72.5m

Gross profit Margin, %

66%51%56%61%64%
Annual
USDFY, 2019FY, 2020FY, 2021

Cash

101.2m146.2m164.9m

Accounts Receivable

38.0m146.2m51.6m

Prepaid Expenses

9.8m12.7m15.5m

Current Assets

183.1m273.3m246.8m
Quarterly
USDQ1, 2021Q2, 2021Q3, 2021Q1, 2022

Cash

83.0m70.2m227.5m100.9m

Accounts Receivable

29.7m144.1m54.8m36.6m

Prepaid Expenses

32.4m22.1m16.8m51.1m

Current Assets

156.8m248.0m312.2m203.0m
Annual
USDFY, 2019FY, 2021

Net Income

(80.8m)(88.7m)

Depreciation and Amortization

20.0m137.7m

Accounts Payable

13.0m8.0m

Cash From Operating Activities

18.9m105.1m
Quarterly
USDQ1, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Net Income

(22.2m)(33.1m)(54.8m)(68.0m)(5.5m)

Depreciation and Amortization

5.6m34.3m68.5m103.0m34.7m

Accounts Payable

2.2m(8.6m)(195.0k)8.6m(11.7m)

Cash From Operating Activities

(57.1m)(58.7m)(52.4m)108.8m(65.9m)
USDFY, 2019

EV/EBIT

-20.8 x

EV/CFO

95 x

Revenue/Employee

195.0k

Financial Leverage

2.5 x

P/E Ratio

(22.0)
Show all financial metrics

Instructure Operating Metrics

Instructure's Customers was reported to be 7 k in Q1, 2022.
Q1, 2021FY, 2021Q1, 2022

Countries

90100100

Customers

6 k7 k7 k

Facilities Leased, sq. ft.

153.21 k153.2 k

Partners

500600

Instructure Acquisitions / Subsidiaries

Company NameDateDeal Size
Kimono LLCNovember 05, 2021$11.37 m
Eesysoft Software International B.V.June 28, 2021$18.97 m
Certica Holdings, LLCDecember 22, 2020$133.42 m
MasteryConnectApril 02, 2019
PortfoliumFebruary 19, 2019
PracticeNovember 28, 2017
EesySoft Software International BV
Instructure Australia Pty. Ltd.
Instructure Global Holdings LLP
Instructure Global Ltd.
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Instructure Revenue Breakdown

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Instructure revenue breakdown by business segment: 99.1% from Education and 0.9% from Other

Instructure revenue breakdown by geographic segment: 19.6% from Foreign and 80.4% from United States

Instructure Cybersecurity Score

Cybersecurity ratingPremium dataset

B

83/100

SecurityScorecard logo

Instructure Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Instructure Online and Social Media Presence

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Instructure Company Culture

  • Overall Culture

    A+

    82/100

  • CEO Rating

    A

    80/100

  • Compensation

    A-

    80/100

  • Diversity

    B

    77/100

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Instructure News and Updates

Instructure Announces Second Quarter 2022 Financial Results

Second Quarter GAAP Revenue of $114.6 Million Grows 22% year over year Second Quarter Loss from Operations of $6.6 Million and Adjusted EBITDA* of $39.8 Million SALT LAKE CITY, Aug. 1, 2022 /PRNewswire/ -- Instructure Holdings, Inc. (Instructure) (NYSE: INST), the makers of the Canvas...

Instructure Recognizes Six Outstanding North America Educators

Annual Educator of the Year Awards are Nominated by Fellow Educators, Administrators and Students SALT LAKE CITY, July 14, 2022 /PRNewswire/ -- Instructure, the maker of Canvas, today announced the winners of its 2022 Educator of the Year Awards in connection with today's InstructureCon...

Instructure Showcases Partnerships and Sponsorships with Popular EdTech Solutions from Google, Microsoft, eLumen, Cidi Labs, Blindside Networks and InSpace

Nearly 40 partners will showcase innovations and network with thousands of Instructure customers at InstructureCon 2022 SALT LAKE CITY, July 14, 2022 /PRNewswire/ -- Instructure, the maker of Canvas, today announced continued integration and partnership efforts with a number of popular...

Instructure to Announce Second Quarter 2022 Financial Results on August 1, 2022

SALT LAKE CITY, July 5, 2022 /PRNewswire/ -- Instructure Holdings, Inc. (Instructure) (NYSE: INST), the makers of the Canvas Learning Management System, today announced that it will report financial results for its second quarter ended June 30, 2022 on Monday, August 1, 2022 after market...

Instructure Releases Annual State of Teaching and Learning in K-12 Research that Explores New Normal in Education in U.S. Schools

One study highlight reveals that many parents might not understand how far behind students are academically SALT LAKE CITY, June 27, 2022 /PRNewswire/ -- Instructure, the makers of Canvas, today released its 2022 State of Teaching and Learning in K-12 research report, which provides...

Instructure Names Shiren Vijiasingam as Chief Product Officer

Former Newsela Product Executive Will Drive Innovation for the Instructure Learning Platform SALT LAKE CITY, June 17, 2022 /PRNewswire/ -- Instructure, the maker of Canvas, today announced that Shiren Vijiasingam has been named the company's new chief product officer, effective June 20th....
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Instructure Blogs

Winners Announced: The Canvas Space Programme

Winners Announced: The Canvas Space Programme nelson.martinez Thu, 03/11/2021 - 12:06

EDUCAUSE Reboots Popular Blended-Learning MOOC with Partners Instructure, University of Central Florida

EDUCAUSE Reboots Popular Blended-Learning MOOC with Partners Instructure, University of Central Florida nelson.martinez Thu, 03/11/2021 - 12:04

Instructure Secures $40 Million in a Pre-IPO Series E Round

Instructure Secures $40 Million in a Pre-IPO Series E Round nelson.martinez Thu, 03/11/2021 - 12:00

Instructure Takes on Education Reform with Free Online Courses

Instructure Takes on Education Reform with Free Online Courses nelson.martinez Thu, 03/11/2021 - 11:57

Instructure and Pearson Join Forces to Integrate Learning Management with Student Information System

Instructure and Pearson Join Forces to Integrate Learning Management with Student Information System nelson.martinez Thu, 03/11/2021 - 11:53

Study Shows Managers Value Attributes Over Skills When Hiring Entry-Level Employees

Study Shows Managers Value Attributes Over Skills When Hiring Entry-Level Employees nelson.martinez Thu, 03/11/2021 - 11:51
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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 Charles Goodman, Steve Daly and Melissa Loble.

  • How many employees does Instructure have?

    Instructure has 1,283 employees.

  • What is Instructure revenue?

    Latest Instructure annual revenue is $405.4 m.

  • What is Instructure revenue per employee?

    Latest Instructure revenue per employee is $315.9 k.

  • Who are Instructure competitors?

    Competitors of Instructure include Moodle, D2L and Pluralsight.

  • Where is Instructure headquarters?

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

  • Where are Instructure offices?

    Instructure has offices in Salt Lake City, Sydney, São Paulo, Hong Kong and in 2 other locations.

  • How many offices does Instructure have?

    Instructure has 6 offices.