2U provides cloud-based software-as-a-service (SaaS) solutions for nonprofit colleges and universities to deliver education to students. Its cloud-based SaaS platform solutions include online campus and an online learning platform. The Company's integrated back-end applications launch, operate, and support clients' programs, as well as provide clients with real-time data and analytical insight related to student performance and engagement, student satisfaction, and enrollment.
Type
Public
HQ
Lanham, US
Founded
2008
Size (employees)
1,119 (est)
Website
2u.com
2U was founded in 2008 and is headquartered in Lanham, US
Report incorrect company information

Key People/Management at 2U

Catherine Graham

Catherine Graham

CFO
James Kenigsberg

James Kenigsberg

Chief Technology Officer
Chip Paucek

Chip Paucek

CEO & Co-Founder
Rob Cohen

Rob Cohen

EVP, Strategic Projects
Andrew Hermalyn

Andrew Hermalyn

Division Head, 2UGrad
Rani Hammond

Rani Hammond

Chief People Officer
Show more

2U Office Locations

2U has offices in Hong Kong, Chapel Hill, Denver, Los Angeles and in 3 other locations
Lanham, US (HQ)
7900 Harkins Rd
Brooklyn, US
55 Prospect Street, Suite 900
Chapel Hill, US
1210 Environ Way
Denver, US
707 17th St, Suite 2300
Hyattsville, US
8201 Corporate Dr
Los Angeles, US
1150 S. Olive Street, Suite 2050
Show all (7)
Report incorrect company information

2U Financials and Metrics

2U Revenue

2U's revenue was reported to be $286.75 m in FY, 2017
USD

Revenue (Q2, 2018)

189.7 m

Gross profit (Q2, 2018)

157.2 m

Gross profit margin (Q2, 2018), %

82.9%

Net income (Q2, 2018)

(33.2 m)

EBIT (Q2, 2018)

(38 m)

Market capitalization (16-Aug-2018)

4.5 b

Closing stock price (16-Aug-2018)

77.9

Cash (30-Jun-2018)

488.8 m
2U's current market capitalization is $4.5 b.
Annual
usdFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

30.8 m43.3 m205.9 m286.8 m

Revenue growth, %

41%376%

Cost of goods sold

7 m8.7 m41 m50.8 m

Gross profit

23.7 m34.5 m164.9 m236 m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Revenue

26.3 m24.7 m28.4 m34.6 m35.2 m37.1 m47.4 m49.1 m52 m64.8 m65 m92.3 m189.7 m

Cost of goods sold

6.2 m7 m6.6 m7.6 m7.9 m7.8 m9.5 m10.3 m10.4 m10.9 m13.5 m15.2 m32.5 m

Gross profit

20.1 m17.7 m21.8 m27.1 m27.3 m29.2 m37.9 m38.9 m41.6 m53.9 m51.5 m77.1 m157.2 m

Gross profit Margin, %

76%72%77%78%78%79%80%79%80%83%79%83%83%
Annual
usdY, 2011Y, 2012Y, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

24 m25.2 m7 m86.9 m183.7 m168.7 m223.4 m

Accounts Receivable

350 k975 k7.9 m14.2 m

Inventories

7.4 m5 m

Current Assets

90 m192.9 m184.7 m248.1 m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Cash

5.7 m104.8 m80.6 m83.1 m88.2 m175.3 m186.7 m188.3 m156.9 m142.9 m37.4 k182.1 m488.8 m

Accounts Receivable

632 k655 k10 m4.3 m4.4 m12.7 m1.3 m5.2 m21 m28.7 m23.4 k40.3 m50 m

Current Assets

9.5 m108.2 m93.8 m93.3 m96.6 m194.4 m197.3 m201.8 m185.9 m180.7 m170.5 k237.5 m554 m

PP&E

5.7 m5.7 m5.8 m6.9 m7.4 m7.8 m3.6 m4 m7.8 m29.7 m34.4 k50.7 m50.3 m
Annual
usdFY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(4 m)(3.4 m)(20.7 m)(29.4 m)

Depreciation and Amortization

5.6 m7.2 m9.8 m19.6 m

Inventories

(45.1 m)5.2 m

Accounts Payable

(2.6 m)2.3 m(815 k)
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q1, 2018Q2, 2018

Net Income

(7.1 m)(10.6 m)(7.3 m)(5.5 m)(9.6 m)(8.2 m)(3.4 m)(8.3 m)(6.8 m)(3.4 m)(14.9 m)(33.2 m)

Depreciation and Amortization

7.4 m14.8 m

Accounts Payable

4.1 m4.7 m7.1 m2.8 m4.3 m6.4 m5.6 m4.8 m10.8 m

Cash From Operating Activities

(18.8 m)(20.2 m)
USDY, 2018

Financial Leverage

1.2 x
Show all financial metrics

2U Operating Metrics

Q1, 2014Q2, 2014Q3, 2014Q4, 2014FY, 2014Q1, 2015Q2, 2015Q3, 2015Q4, 2015FY, 2015Q2, 2016Q3, 2016Q4, 2016FY, 2016Q1, 2017

Average Revenue per Full Course Equivalent Enrollment

$2.69 k$2.65 k$2.73 k$2.67 k$2.69 k$2.64 k$2.60 k$2.68 k$2.62 k$2.63 k$2.68 k$2.61 k$2.65 k$2.66 k$2.72 k

Full Course Equivalent Enrollments

9.81 k9.33 k10.39 k11.51 k41.03 k13.09 k13.56 k13.84 k16.53 k57.02 k17.71 k18.82 k21.69 k77.34 k23.86 k

Programs

15 38

Students

12.30 k17.50 k24 k
Show all operating metrics
Report incorrect company information

2U Online and Social Media Presence

Embed Graph
Report incorrect company information

2U News and Updates

2U, Inc. Announces Fully-Slotted 2019 Graduate Program Launch Cohort

LANHAM, Md., Aug. 13, 2018 /PRNewswire/ -- 2U, Inc. (Nasdaq: TWOU) today announced that it has slotted all 16 of its targeted Domestic Graduate Programs (DGPs) for 2019. With the announcement of Engineering@Vanderbilt earlier today, 2U has met its 2019 launch target nearly five months...

The USC Division of Biokinesiology and Physical Therapy's Hybrid Doctor of Physical Therapy Program Welcomes its Inaugural Class

LANHAM, Md., July 27, 2018 /PRNewswire/ -- 2U, Inc. (Nasdaq: TWOU), a global leader in education technology, announced today that its partner, the University of Southern California (USC) Division of Biokinesiology and Physical Therapy, has welcomed 48 students to DPT@USC, USC's new Hybrid ...

2U, Inc. Announces Schedule of Investor Conferences for August 2018

LANHAM, Md., July 25, 2018 /PRNewswire/ -- 2U, Inc. (Nasdaq: TWOU), a global leader in education technology, today announced its scheduled participation in two investor conferences in August 2018. 2U's executives will present on the company's history, strategy, and financial results....

Coursera takes on 2U, Udacity with an online-only master’s degree

Coursera is offering its computer science master’s in conjunction with the University of Pennsylvania. Coursera has teamed up with the University of Pennsylvania to offer a fully online master’s degree in computer and information technology, CEO Jeff Maggioncalda said today. Unlike the majority of c…

Chassis Plans Company To Demonstrate Military Cross Domain Solution at SOFIC

Cross Domain Solutions provide high levels of security for military, intelligence and law enforcement.
Show more
Report incorrect company information

2U Company Life and Culture

Report incorrect company information