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.
TypePublic
HQLanham, US
Founded2008
Size (employees)1,119 (est)
Website2u.com
2U was founded in 2008 and is headquartered in Lanham, US
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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
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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
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2U Financials and Metrics

2U Revenue

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

Revenue (Q2, 2018)

189.7m

Gross profit (Q2, 2018)

157.2m

Gross profit margin (Q2, 2018), %

82.9%

Net income (Q2, 2018)

(33.2m)

EBIT (Q2, 2018)

(38.0m)

Market capitalization (11-Oct-2018)

3.6b

Closing stock price (11-Oct-2018)

62.9

Cash (30-Jun-2018)

488.8m
2U's current market capitalization is $3.6 b.
Annual
usdFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

30.8m43.3m205.9m286.8m

Revenue growth, %

41%376%

Cost of goods sold

7.0m8.7m41.0m50.8m

Gross profit

23.7m34.5m164.9m236.0m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Revenue

26.3m24.7m28.4m34.6m35.2m37.1m47.4m49.1m52.0m64.8m65.0m92.3m189.7m

Cost of goods sold

6.2m7.0m6.6m7.6m7.9m7.8m9.5m10.3m10.4m10.9m13.5m15.2m32.5m

Gross profit

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

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

24.0m25.2m7.0m86.9m183.7m168.7m223.4m

Accounts Receivable

350.0k975.0k7.9m14.2m

Inventories

7.4m5.0m

Current Assets

90.0m192.9m184.7m248.1m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Cash

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

Accounts Receivable

632.0k655.0k10.0m4.3m4.4m12.7m1.3m5.2m21.0m28.7m23.4k40.3m50.0m

Current Assets

9.5m108.2m93.8m93.3m96.6m194.4m197.3m201.8m185.9m180.7m170.5k237.5m554.0m

PP&E

5.7m5.7m5.8m6.9m7.4m7.8m3.6m4.0m7.8m29.7m34.4k50.7m50.3m
Annual
usdFY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(4.0m)(3.4m)(20.7m)(29.4m)

Depreciation and Amortization

5.6m7.2m9.8m19.6m

Inventories

(45.1m)5.2m

Accounts Payable

(2.6m)2.3m(815.0k)
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q1, 2018Q2, 2018

Net Income

(7.0m)(10.6m)(7.3m)(5.5m)(9.6m)(8.2m)(3.4m)(8.3m)(6.8m)(3.4m)(14.9m)(33.2m)

Depreciation and Amortization

7.4m14.8m

Accounts Payable

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

Cash From Operating Activities

(18.8m)(20.2m)
USDY, 2018

Financial Leverage

1.2 x
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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
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2U Online and Social Media Presence

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2U News and Updates

2U, Inc. Chief Financial Officer Cathy Graham Named 2018 Women Who Mean Business Honoree

LANHAM, Md., Sept. 21, 2018 /PRNewswire/ -- 2U, Inc. (Nasdaq: TWOU), a global leader in education technology, today announced that Chief Financial Officer Cathy Graham has been named to the 2018 Washington Business Journal's Women Who Mean Business list. The Women Who Mean Business award...

K-12 Technology Spending 2018 Global Market Key Players – Knewton, Microsoft, 2U, Aptara, Articulate, Dell– Analysis and Forecast to 2025

Wiseguyreports.Com adds “K-12 Technology Spending Market –Market Demand, Growth, Opportunities, Analysis of Top Key Players and Forecast to 2025” To Its Research Database. Posted via Industry Today. Follow us on Twitter @IndustryToday

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…
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2U Blogs

2U, Inc. Receives Prince George’s Chamber of Commerce’s “Business of the Year” Award

2U, Inc. today announced it received the Prince George’s Chamber of Commerce (PGCOC) “Business of the Year” award. The honor acknowledges the achievements of the county’s leading businesses and individuals for demonstrating commitment to economic growth and development, community involvement, and le…

2U's Forbes Feature: Inside the Ivory Cloud

"2U is the nation's leading provider of software for universities seeking to quickly expand enrollment digitally." -- Antoine Gara, Forbes Staff Writer

2U, Inc. Co-Founder and CEO Christopher “Chip” Paucek Named Washingtonian Tech Titan for the Third Time

2U, Inc. today announced Co-Founder and CEO Christopher “Chip” Paucek has been named to the 2018 Washingtonian Tech Titan list for the third time. 

2U, Inc. Vice President and General Manager Named to Baltimore Business Journal’s 40 Under 40

2U, Inc. today announced Vice President and General Manager of 2UGrad Karlo Young has been named to Baltimore Business Journal’s 40 Under 40 list. This award honors the rising young business leaders in Greater Baltimore whose commitment to advancing their companies, nonprofits, and the community is …

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

2U, Inc. Announces Schedule of Investor Conferences for September 2018 LANHAM, Md. - August 23, 2018 - 2U, Inc. (Nasdaq: TWOU), a global leader in education technology, today announced its scheduled participation in two investor conferences in September. 2U’s executives will present on the company’s…

2U, Inc. Announces 2019, 2020 and 2021 Graduate Program Launch Cadences

Plan increases previously announced 2019 and 2020 cadences and includes new 2021 launch target
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2U Company Life and Culture

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