TWOU
2U Inc
NASDAQ: TWOU · CONSUMER DEFENSIVE · EDUCATION & TRAINING SERVICES
$1.58
+0.00% today
Updated 2026-04-30
Market cap
$4.43M
P/E ratio
—
P/S ratio
0.00x
EPS (TTM)
$-117.00
Dividend yield
—
52W range
$0 – $0
Volume
—
2U Inc (TWOU) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $29.73M | $55.88M | $83.13M | $110.24M | $150.19M | $205.86M | $286.75M | $411.77M | $574.67M | $774.53M | $945.68M | $963.08M | $945.95M |
| Revenue growth (YoY) | — | +87.9% | +48.8% | +32.6% | +36.2% | +37.1% | +39.3% | +43.6% | +39.6% | +34.8% | +22.1% | +1.8% | -1.8% |
| Cost of revenue | $12.30M | $14.93M | $22.72M | $26.86M | $32.05M | $40.98M | $57.38M | $90.49M | $162.16M | $233.82M | $269.37M | $277.68M | $257.60M |
| Gross profit | $17.43M | $40.95M | $60.41M | $83.38M | $118.15M | $164.88M | $229.38M | $321.28M | $412.51M | $540.71M | $676.32M | $685.40M | $688.35M |
| Gross margin | 58.6% | 73.3% | 72.7% | 75.6% | 78.7% | 80.1% | 80.0% | 78.0% | 71.8% | 69.8% | 71.5% | 71.2% | 72.8% |
| R&D | $5.12M | $8.30M | $19.47M | $22.62M | $27.21M | $33.28M | $45.93M | $63.81M | $115.47M | $155.95M | $179.06M | $190.47M | $176.22M |
| SG&A | $5.10M | $10.34M | $14.84M | $23.42M | $34.12M | $46.02M | $62.66M | $82.99M | $131.02M | $173.53M | $208.60M | $159.42M | $132.68M |
| Operating income | $-24.90M | $-23.08M | $-28.01M | $-27.88M | $-26.10M | $-21.03M | $-30.14M | $-46.54M | $-176.38M | $-178.94M | $-167.44M | $-89.29M | $7.32M |
| Operating margin | -83.8% | -41.3% | -33.7% | -25.3% | -17.4% | -10.2% | -10.5% | -11.3% | -30.7% | -23.1% | -17.7% | -9.3% | 0.8% |
| EBITDA | $-23.31M | $-20.17M | $-23.67M | $-22.21M | $-18.96M | $-10.90M | $-11.01M | $-10.30M | $-101.44M | $-82.54M | $-35.19M | $38.86M | $126.32M |
| EBITDA margin | -78.4% | -36.1% | -28.5% | -20.2% | -12.6% | -5.3% | -3.8% | -2.5% | -17.7% | -10.7% | -3.7% | 4.0% | 13.4% |
| EBIT | $-24.86M | $-23.04M | $-28.01M | $-27.79M | $-26.18M | $-20.65M | $-30.63M | $-43.09M | $-176.38M | $-179.01M | $-162.57M | $-110.31M | $7.32M |
| Interest expense | $19000.00 | $73000.00 | $27000.00 | $1.21M | $552000.00 | $35000.00 | $87000.00 | $108000.00 | $13.42M | $27.32M | $51.22M | $62.23M | $74.57M |
| Income tax | $45000.00 | $38000.00 | — | $89000.00 | $302000.00 | $383000.00 | $-1.30M | $-4.87M | $-19.86M | $-1.51M | $-1.20M | $-903000.00 | $1.65M |
| Effective tax rate | -0.2% | -0.2% | 0.0% | -0.3% | -1.1% | -1.9% | 4.2% | 11.3% | 7.8% | 0.7% | 0.6% | 0.3% | -0.5% |
| Net income | $-24.88M | $-23.11M | $-27.95M | $-29.00M | $-26.73M | $-20.68M | $-29.42M | $-38.33M | $-235.22M | $-216.48M | $-194.77M | $-322.15M | $-317.61M |
| Net income growth (YoY) | — | +7.1% | -20.9% | -3.7% | +7.8% | +22.6% | -42.3% | -30.3% | -513.7% | +8.0% | +10.0% | -65.4% | +1.4% |
| Profit margin | -83.7% | -41.4% | -33.6% | -26.3% | -17.8% | -10.0% | -10.3% | -9.3% | -40.9% | -28.0% | -20.6% | -33.5% | -33.6% |