2U, Inc. (TWOU) — Financial statements
Income statement, balance sheet, and cash flow for 2U, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 946↓1.8% | 963↑1.8% | 946↑22.1% | 775↑34.8% | 575 | |
| Cost of Revenue | 258↓7.2% | 278↑3.1% | 269↑15.2% | 234↑44.2% | 162 | |
| Gross Profit | 688↑0.4% | 685↑1.3% | 676↑25.1% | 541↑31.1% | 413 | |
| Operating Expenses | ||||||
| R&D Expenses | 176↓7.5% | 190↑6.4% | 179↑14.8% | 156↑35.1% | 115 | |
| General & Administrative Expenses | 133↓16.8% | 159↓23.6% | 209↑20.2% | 174↑32.4% | 131 | |
| Selling & Marketing Expenses | 372↓11.8% | 422↓7.4% | 456↑16.9% | 390↑14.0% | 342 | |
| SG&A Expenses | 505↓13.2% | 582↓12.5% | 665↑17.9% | 564↑19.1% | 473 | |
| Other Expenses | 0.00↑100.0% | -4 | 0.00↑100.0% | -1↓102.1% | -0.71 | |
| Operating Expenses | 681↓11.8% | 772↓8.5% | 844↑17.2% | 720↑22.2% | 589 | |
| Total Costs & Expenses | 939↓10.6% | 1,050↓5.7% | 1,113↑16.7% | 953↑27.0% | 751 | |
| Operating Results | ||||||
| Operating Income | 7↑108.2% | -89↑46.7% | -167↑6.4% | -179↓1.5% | -176 | |
| Depreciation & Amortization | 119↓20.2% | 149↑17.1% | 127↑32.0% | 96↑38.1% | 70 | |
| EBITDA | -226↑12.5% | -258↓922.2% | -25↑73.2% | -94↑42.6% | -164 | |
| EBIT | -241↑7.5% | -261↓80.2% | -145↑24.1% | -191↑18.5% | -234 | |
| Interest & Other Income | ||||||
| Net Interest Income | -73↓18.9% | -61↓22.8% | -50↓91.6% | -26↓240.8% | -8 | |
| Interest Income | 2↑68.3% | 1↓21.0% | 1↑8.9% | 1↓76.7% | 6 | |
| Interest Expense | 75↑19.8% | 62↑21.5% | 51↑87.5% | 27↑103.6% | 13 | |
| Non-Operating Income | 16↑487.8% | 3↑111.7% | -23↓293.2% | 12↓79.6% | 58 | |
| Other Income / Expenses | -90↓38.9% | -65↓127.5% | -29↑27.0% | -39↑50.4% | -79 | |
| Income Before Tax | -316↑2.2% | -323↓64.9% | -196↑10.1% | -218↑14.5% | -255 | |
| Income Tax Expense | 2↑283.2% | -0.90↑24.5% | -1↑21.0% | -2↑92.4% | -20 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | -318↑1.4% | -322↓65.4% | -195↑10.0% | -216↑8.0% | -235 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | -318↑1.4% | -322↓65.4% | -195↑10.0% | -216↑8.0% | -235 | |
| Bottom-Line Net Income | -318↑1.4% | -322↓65.4% | -195↑10.0% | -216↑8.0% | -235 | |
| EPS (Basic) | -117.79↑5.8% | -124.98↓59.5% | -78.35↑19.0% | -96.73↑15.8% | -114.94 | |
| EPS (Diluted) | -117.79↑5.8% | -124.98↓59.5% | -78.35↑19.0% | -96.73↑15.8% | -114.94 | |
| Weighted Average Shares | 3↑4.6% | 3↑3.7% | 2↑11.1% | 2↑9.4% | 2 | |
| Weighted Average Diluted Shares | 3↑4.6% | 3↑3.7% | 2↑11.1% | 2↑9.4% | 2 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.