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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