TWOU
Income statement / Annual
Last year (2023), 2U, Inc.'s total revenue was $945.95 M,
a decrease of 1.78% from the previous year.
In 2023, 2U, Inc.'s net income was -$317.61 M.
See 2U, Inc.’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
12/31/2014 |
| Operating Revenue |
$945.95 M
|
$963.08 M
|
$945.68 M
|
$774.53 M
|
$574.67 M
|
$411.77 M
|
$286.75 M
|
$205.86 M
|
$150.19 M
|
$110.24 M
|
| Cost of Revenue |
$257.60 M |
$277.68 M |
$269.37 M |
$233.82 M |
$162.16 M |
$90.49 M |
$57.38 M |
$40.98 M |
$32.05 M |
$26.86 M |
| Gross Profit |
$688.35 M |
$685.40 M |
$676.32 M |
$540.71 M |
$412.51 M |
$321.28 M |
$229.38 M |
$164.88 M |
$118.15 M |
$83.38 M |
| Gross Profit Ratio |
0.73 |
0.71 |
0.72 |
0.7 |
0.72 |
0.78 |
0.8 |
0.8 |
0.79 |
0.76 |
| Research and Development
Expenses |
$176.22 M
|
$190.47 M
|
$179.06 M
|
$155.95 M
|
$115.47 M
|
$63.81 M
|
$45.93 M
|
$33.28 M
|
$27.21 M
|
$22.62 M
|
| General & Administrative
Expenses |
$132.68 M
|
$159.42 M
|
$208.60 M
|
$173.53 M
|
$131.02 M
|
$82.99 M
|
$62.67 M
|
$46.02 M
|
$34.12 M
|
$23.42 M
|
| Selling & Marketing
Expenses |
$372.13 M
|
$422.15 M
|
$456.10 M
|
$390.17 M
|
$342.40 M
|
$221.02 M
|
$150.92 M
|
$106.61 M
|
$82.91 M
|
$65.22 M
|
| Selling, General &
Administrative Expenses |
$504.81 M
|
$581.57 M
|
$664.69 M
|
$563.70 M
|
$473.42 M
|
$304.00 M
|
$213.59 M
|
$152.63 M
|
$117.03 M
|
$88.64 M
|
| Other Expenses |
$0.00 |
-$3.82 M |
$22.32 M |
-$1.43 M |
-$707,000.00 |
-$1.72 M |
-$866,000.00 |
$0.00 |
-$250,000.00 |
$0.00 |
| Operating Expenses |
$681.03 M |
$772.04 M |
$843.76 M |
$719.65 M |
$588.89 M |
$367.82 M |
$259.51 M |
$185.91 M |
$144.25 M |
$111.26 M |
| Cost And Expenses |
$938.63 M |
$1.05 B |
$1.11 B |
$953.47 M |
$751.05 M |
$458.31 M |
$316.89 M |
$226.90 M |
$176.29 M |
$138.12 M |
| Interest Income |
$1.96 M |
$1.17 M |
$1.48 M |
$1.35 M |
$5.80 M |
$5.17 M |
$371,000.00 |
$383,000.00 |
$167,000.00 |
$92,000.00 |
| Interest Expense |
$74.57 M |
$62.23 M |
$51.22 M |
$27.32 M |
$13.42 M |
$108,000.00 |
$87,000.00 |
$35,000.00 |
$552,000.00 |
$1.21 M |
| Depreciation &
Amortization |
$119.00 M
|
$149.17 M
|
$127.38 M
|
$96.47 M
|
$69.84 M
|
$32.78 M
|
$19.62 M
|
$9.75 M
|
$7.22 M
|
$5.57 M
|
| EBITDA |
-$225.80 M
|
-$258.17 M
|
-$25.26 M
|
-$82.47 M
|
-$101.44 M
|
-$13.76 M
|
-$11.01 M
|
-$10.90 M
|
-$18.96 M
|
-$22.21 M
|
| EBITDA Ratio |
0.13 |
0.04 |
-0.04 |
-0.11 |
-0.18 |
-0.03 |
-0.04 |
-0.05 |
-0.13 |
-0.2 |
| Operating Income Ratio
|
0.01
|
-0.09
|
-0.18
|
-0.23
|
-0.31
|
-0.11
|
-0.11
|
-0.1
|
-0.17
|
-0.25
|
| Total Other
Income/Expenses Net |
-$90.15 M
|
-$64.88 M
|
-$28.52 M
|
-$39.06 M
|
-$78.71 M
|
$3.34 M
|
-$582,000.00
|
$348,000.00
|
-$635,000.00
|
-$1.12 M
|
| Income Before Tax |
-$315.95 M |
-$323.05 M |
-$195.96 M |
-$218.00 M |
-$255.08 M |
-$43.20 M |
-$30.72 M |
-$20.68 M |
-$26.73 M |
-$29.00 M |
| Income Before Tax Ratio
|
-0.33
|
-0.34
|
-0.21
|
-0.28
|
-0.44
|
-0.1
|
-0.11
|
-0.1
|
-0.18
|
-0.26
|
| Income Tax Expense |
$1.65 M |
-$903,000.00 |
-$1.20 M |
-$1.51 M |
-$19.86 M |
-$4.87 M |
-$1.30 M |
$383,000.00 |
$302,000.00 |
$89,000.00 |
| Net Income |
-$317.61 M |
-$322.15 M |
-$194.77 M |
-$216.48 M |
-$235.22 M |
-$38.33 M |
-$29.42 M |
-$20.68 M |
-$26.73 M |
-$29.00 M |
| Net Income Ratio |
-0.34 |
-0.33 |
-0.21 |
-0.28 |
-0.41 |
-0.09 |
-0.1 |
-0.1 |
-0.18 |
-0.26 |
| EPS |
-117.79 |
-124.98 |
-78.35 |
-96.73 |
-114.94 |
-20.6 |
-17.99 |
-13.31 |
-18.91 |
-27.21 |
| EPS Diluted |
-117.79 |
-124.98 |
-78.35 |
-96.73 |
-114.94 |
-20.6 |
-17.99 |
-13.31 |
-18.91 |
-27.21 |
| Weighted Average Shares
Out |
$2.70 M
|
$2.58 M
|
$2.49 M
|
$2.24 M
|
$2.05 M
|
$1.86 M
|
$1.64 M
|
$1.55 M
|
$1.41 M
|
$1.07 M
|
| Weighted Average Shares
Out Diluted |
$2.70 M
|
$2.58 M
|
$2.49 M
|
$2.24 M
|
$2.05 M
|
$1.86 M
|
$1.64 M
|
$1.55 M
|
$1.41 M
|
$1.07 M
|
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