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Chegg

Chegg
2005 FOUNDED
PUBLIC STATUS
1K-5K EMPLOYEES
CHGG STOCK SYMBOL
19 INVESTMENTS
$37.94 SHARE PRICE (As of Tuesday Closing)
Description

Chegg Inc is an American educational services company that specializes in textbook rentals, course assistance, and online tutoring. The company focuses on high school and college level students who are able to rent textbooks for various courses and return them to the company after completion. Rentals are typically transacted at a low cost relative to the purchase of textbooks at full price. The company offers over 25,000 textbook titles for students to rent and historically has had over 1 million students use its services. Chegg also provides course and professor reviews, standardized test preparation, career preparation, and study materials on its website. Textbook rentals provide the majority of the company's revenue followed by online educational services.

Website
Ownership Status
Publicly Held
Financing Status
Formerly VC-backed
Primary Industry
Internet Retail
Other Industries
Publishing
Application Software
Stock Exchange
NYS
Primary Office
  • 3990 Freedom Circle
  • Santa Clara, CA 95054
  • United States

+1 (408) 000-0000
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Chegg Stock Performance

52 wk Range Market Cap Prev. Close EPS Average Volume Shares
$25.16 - $48.22 $4.59B $37.61 -$0.10 1.6M 121M

Chegg Financials Summary

In Thousands,
USD
TTM
30-Sep-2019
FY 2018
31-Dec-2018
FY 2017
31-Dec-2017
FY 2016
31-Dec-2016
Enterprise Value 3,661,511 3,085,603 1,566,628 583,932
Revenue 381,098 321,084 255,066 254,090
EBITDA 51,709 20,572 930 (16,580)
Net Income (12,477) (14,888) (20,283) (42,245)
Total Assets 1,463,692 760,938 446,930 290,652
Total Debt 907,512 283,668 0 0
Public Fundamental Data provided by Morningstar, Inc. disclaimer

Chegg Valuation and Funding

Deal Type Date Amount Post-Val Valuation/
EBITDA
Debt Status

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Chegg Cap Table

Stock # of Shares
Authorized
Par Value Dividend Rate (%) Original
Issue Price
Liquidation Liquidation
Pref. Multiple
Conversion
Price
% Owned

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Chegg Competitors (10)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
XanEdu Formerly PE-Backed Ann Arbor, MI 00 000.00 000000000 000.00
00000000000000000 Formerly VC-backed Lincoln, NE 00 000.00 0&0 000.00
000000 Venture Capital-Backed Chicago, IL 00 000.00 00000000000 000.00
000000000 Formerly VC-backed Mill Valley, CA 0000 00000 000000&0 00000
00000 Venture Capital-Backed Pittsburgh, PA 00 000.00 00000000000 000.00
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Chegg Investments & Acquisitions (19)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
00000000 01-Oct-2019 000000000000000000 00000 Educational and Training Services (B2C) 000000 0000000
000000000 02-Jul-2018 000000000000000000 000.00 Educational Software 000000 0000000
00000000 15-May-2018 000000000000000000 000.00 Educational Software 000000 0000000
000000 18-Oct-2017 000000000000000000 000.00 Educational Software 000000 0000000
RefME 28-Feb-2017 Merger/Acquisition 00.00 Application Software
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Chegg Subsidiaries (5)

Company Name Industry Location Founded
Cogeon Educational Software Berlin, Germany 2009
000000 0000 Human Capital Services Seattle, WA 0000
00000000000.000 Consulting Services (B2B) Burbank, CA 0000
000000000 Educational Software San Francisco, CA 0000
000 000000 0000000 Food Products Duluth, GA 0000
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Chegg Investors

Investor Name Investor Type Holding Participating Rounds Investor Since Board Seat Contact Info

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Chegg Executive Team (31)

Name Title Board
Seat
Contact
Info
Daniel Rosensweig Chief Executive Officer & Board Member
Nathan Schultz President
Andrew Brown Chief Financial Officer
Heather Morris Chief Strategy Officer
Heather Tatroff Chief Strategy Officer

20 Former Executives

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Chegg Board Members (16)

Name Representing Role Since Contact
Info
Daniel Rosensweig Chegg Chief Executive Officer & Board Member 000 0000
John York Self Board Member 000 0000
Marne Levine Self Board Member 000 0000
Richard Sarnoff Self Board Member & Chairman 000 0000
Theodore Schlein Kleiner Perkins Board Member 000 0000

11 Former Board Members

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