Financials in USD. Standardized financial statements.
A compact view of how 2U, Inc. turns revenue into operating income and net income.
| Metric | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $945.95M | $963.08M | $945.68M | $774.53M | $574.67M | $411.77M | $286.75M | $205.86M | $150.19M | $110.24M |
| Revenue Growth? | -1.8% | +1.8% | +22.1% | +34.8% | +39.6% | +43.6% | +39.3% | +37.1% | +36.2% | 0.0% |
| Cost of Revenue? | $257.60M | $277.68M | $269.37M | $233.82M | $162.16M | $90.49M | $57.38M | $40.98M | $32.05M | $26.86M |
| Gross Profit? | $688.35M | $685.40M | $676.32M | $540.71M | $412.51M | $321.28M | $229.38M | $164.88M | $118.15M | $83.38M |
| Gross Margin? | +72.8% | +71.2% | +71.5% | +69.8% | +71.8% | +78.0% | +80.0% | +80.1% | +78.7% | +75.6% |
| Operating Expenses? | $681.03M | $772.04M | $843.75M | $719.65M | $588.89M | $367.82M | $259.51M | $185.91M | $144.25M | $111.26M |
| Operating Income? | $7.32M | -$89.29M | -$167.44M | -$178.94M | -$176.38M | -$46.54M | -$30.14M | -$21.03M | -$26.10M | -$27.88M |
| EBITDA? | -$225.80M | -$258.17M | -$25.26M | -$94.21M | -$164.20M | -$13.76M | -$11.01M | -$10.90M | -$18.96M | -$22.21M |
| Income Before Tax | -$315.95M | -$323.05M | -$195.96M | -$218.00M | -$255.08M | -$43.20M | -$30.72M | -$20.68M | -$26.73M | -$29.00M |
| Income Tax Expense | $1.65M | -$903,000 | -$1.20M | -$1.51M | -$19.86M | -$4.87M | -$1.30M | $0 | $0 | $89,000 |
| Net Income? | -$317.61M | -$322.15M | -$194.77M | -$216.48M | -$235.22M | -$38.33M | -$29.42M | -$20.68M | -$26.73M | -$29.00M |
| EPS? | $-117.79 | $-124.98 | $-78.35 | $-96.73 | $-114.94 | $-20.60 | $-17.99 | $-13.31 | $-18.91 | $-27.21 |
| Diluted EPS? | $-117.79 | $-124.98 | $-78.35 | $-96.73 | $-114.94 | $-20.60 | $-17.99 | $-13.31 | $-18.91 | $-27.21 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality