Instructure

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. 

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TypePublic
Founded2008
HQSalt Lake City, USMap
Websiteinstructure.com
Employee Ratings4.2More
View Jobs (105)

Recent NewsAll News

Latest Updates

Employees (est.) (Feb 2019)1,224(-3%)
Job Openings105
Revenue (FY, 2017)$158.8 M(+44%)
Share Price (Feb 2019)$39.6 (-1%)

Key People/Management at Instructure

Josh Coates

Josh Coates

CEO
Dan Goldsmith

Dan Goldsmith

President
Steve Kaminsky

Steve Kaminsky

CFO
David Burggraaf

David Burggraaf

SVP, Engineering
Matt Kaminer

Matt Kaminer

SVP, General Counsel & Secretary
Bjorn Eriksson

Bjorn Eriksson

SVP, Marketing
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Instructure Office Locations

Instructure has offices in Salt Lake City, Chicago, Seattle, Philadelphia and in 5 other locations
Salt Lake City, US (HQ)
6330 South 3000 East, Suite 700
Chicago, US
2100 130 E Randolph St
Philadelphia, US
1601 Market Street 19th Floor, Suite 19B101
Pleasant Grove, US
Suite 101 2168 W Grove Pkwy
Seattle, US
Westlake Tower 1601 5th Avenue, Suite 12-121
Sydney, AU
Level 22 161 Sussex Street
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Instructure Financials and Metrics

Instructure Revenue

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Instructure's revenue was reported to be $158.81 m in FY, 2017 which is a 43.2% increase from the previous period.
USD

Revenue (Q3, 2018)

55.2m

Gross profit (Q3, 2018)

39.1m

Gross profit margin (Q3, 2018), %

70.8%

Net income (Q3, 2018)

(11.5m)

EBIT (Q3, 2018)

(12.0m)

Market capitalization (13-Feb-2019)

1.4b

Closing stock price (13-Feb-2019)

39.6

Cash (30-Sep-2018)

111.0m
Instructure's current market capitalization is $1.4 b.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

44.4m73.2m110.9m158.8m

Revenue growth, %

65%51%43%

Cost of goods sold

15.1m24.1m32.7m46.4m

Gross profit

29.2m49.1m78.1m112.4m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

23.3m25.9m30.1m23.3m25.9m30.1m34.0m38.0m42.9m48.0m50.1m55.2m

Cost of goods sold

7.3m7.6mwdxefcqufszuzezftuxetqsqxt8.6m7.3m7.6m8.6m9.6m11.0m12.5m14.0m14.6m16.1m

Gross profit

16.0m18.3m21.5m16.0m18.3m21.5m24.4m27.1m30.5m34.0m35.5m39.1m

Gross profit Margin, %

68%71%71%68%71%71%72%71%71%71%71%71%
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Annual
USDFY, 2016FY, 2017

Cash

44.5m35.7m

Accounts Receivable

6.8m

Inventories

8.1m

Current Assets

92.9m86.1m
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

69.7m62.0m59.0m28.3m25.7m58.7m136.7m68.0m111.0m

Current Assets

82.1m108.9m111.4m62.9m107.3m110.1m180.4m230.5m240.0m

PP&E

13.1m13.2m13.8m16.9m18.9m20.9m27.1m27.5m27.0m

Goodwill

989.0k989.0k989.0k989.0k989.0k989.0k12.4m12.4m12.4m
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Annual
USDFY, 2016FY, 2017

Net Income

(53.6m)(49.8m)

Depreciation and Amortization

4.0m6.2m

Inventories

(592.0k)

Accounts Payable

4.1m740.0k
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

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

Depreciation and Amortization

912.0k1.9m2.8m1.2m2.7m4.3m2.0m4.1m6.4m

Accounts Payable

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

Cash From Operating Activities

(18.8m)(28.4m)(6.7m)(27.7m)(39.6m)3.9m(12.3m)(34.4m)20.3m
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USDY, 2018

Financial Leverage

2.4 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 Revenue Breakdown

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

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Competitors

Top Hat
Education - Private
Imax Program
Education - Private
Truenorthlogic
Education - Private
Trivantis
Technology - Subsidiary
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Instructure Online and Social Media Presence

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Instructure News and Updates

December 20, 2018

Competency-based Education Spending 2018 Global Market Key Players – Blackboard, D2L, Ellucian, Instructure, Anubavam, BNED LoudCloud, Cengage Learning, Epiphany Learning – Analysis and Forecast to 2023

WiseGuyRerports.com Presents “Global Competency-based Education Spending Market 2018 by Manufacturers, Countries, Type and Application, Forecast to 2023” New Document to its Studies Database Posted via Industry Today. Follow us on Twitter @IndustryToday
November 27, 2018

Instructure Recognized as one of the Fastest Growing Companies in North America on Deloitte's 2018 Technology Fast 500™

SALT LAKE CITY, Nov. 27, 2018 /PRNewswire/ -- Instructure, Inc. (NYSE: INST) today announced it was included in Deloitte's Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences, and energy tech companies in North America. "We are...
November 13, 2018

Instructure Announces Q4 2018 Investor Conference Participation

SALT LAKE CITY, Nov. 13, 2018 /PRNewswire/ -- Instructure, Inc. (NYSE: INST), a leading software-as-a-service (SaaS) technology company in education, learning and employee development, today announced that members of its management team will present at the following upcoming investor...
October 29, 2018

Instructure Reports Third Quarter 2018 Financial Results

SALT LAKE CITY, Oct. 29, 2018 /PRNewswire/ -- Instructure, Inc. (NYSE: INST), a leading software-as-a-service (SaaS) technology company in education, learning and employee development, today announced its financial results for the third quarter ended September 30, 2018. "We delivered a...
October 29, 2018

Instructure Announces CEO Transition

SALT LAKE CITY, Oct. 29, 2018 /PRNewswire/ -- Instructure, Inc. (NYSE: INST), a leading software-as-a-service (SaaS) technology company in education, learning, and employee development, today announced that the Board of Directors has appointed Instructure President, Dan Goldsmith, as...
September 25, 2018

Instructure Ranked in Entrepreneur's Top Company Cultures List

SALT LAKE CITY, Sept. 25, 2018 /PRNewswire/ -- Instructure, Inc. (NYSE: INST), a leading software-as-a-service (SaaS) technology company in education, learning and employee development, was recently placed on Entrepreneur's Top Company Cultures list. Created in partnership with employee...
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Instructure Blogs

January 16, 2019

Instructure Makes G2 Crowd's List of Best Software Companies in 2019

jeng Wed, 01/16/2019 - 21:00 post_summary Instructure named one of top 100 software companies in 2019 by G2 Crowd. post_feature_img best-software-companies-g2crowd.png post_description Instructure named one o…
December 31, 2018

A Note From Our New CEO, Dan Goldsmith

jeng Mon, 12/31/2018 - 22:20 post_summary Today, we’re excited to announce Dan Goldsmith's transition to Instructure CEO. Read his note on how Instructure is positioned to meet the demands of a transforming market, how we collaborate with the education and professional develop…
December 13, 2018

Celebrating Women in Education and IT With ed/it women co.

jeng Thu, 12/13/2018 - 18:46 post_summary We recently attended the inaugural High Tea for Women in IT hosted by ed/it women co., a community that seeks to improve the number of women in the ed tech space to increase influence on girls' involvement in STEM studies and careers. …
November 05, 2018

Instructure Named a Top Workplace in 2018 by Salt Lake Tribune

jeng Mon, 11/05/2018 - 20:55 post_summary Instructure announced today that it has been named one of The Salt Lake Tribune’s Top Workplaces in 2018. The Salt Lake Tribune recognized Instructure as number six in the large company category for its excellence in organizational hea…
October 09, 2018

Sydney Office Helps Robogals Promote Women in Technology

jeng Tue, 10/09/2018 - 20:58 post_summary Instructure's Sydney office recently hosted a Robogals training workshop to help with their mission of promoting women in technology. post_feature_img robogals2.jpg post_descriptio…
October 08, 2018

Instructure Ranked in Entrepreneur’s Top Company Cultures List

jclyde Mon, 10/08/2018 - 16:49 post_summary Instructure Recognized by Entrepreneur Magazine for "Walking the Talk." It’s hard to believe Instructure was founded 10 years ago by a couple of college kids. But no one can dispute how the culture that helped form our company is sti…
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Instructure Company Life and Culture

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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 Josh Coates, Dan Goldsmith and Steve Kaminsky.

  • How many employees does Instructure have?

    Instructure has 1,224 employees.

  • What is Instructure revenue?

    Latest Instructure annual revenue is $158.8 m.

  • What is Instructure revenue per employee?

    Latest Instructure revenue per employee is $129.7 k.

  • Who are Instructure competitors?

    Competitors of Instructure include Top Hat, Imax Program and Truenorthlogic.

  • Where is Instructure headquarters?

    Instructure headquarters is located at 6330 South 3000 East, Suite 700, Salt Lake City.

  • Where are Instructure offices?

    Instructure has offices in Salt Lake City, Chicago, Seattle, Philadelphia and in 5 other locations.

  • How many offices does Instructure have?

    Instructure has 9 offices.