OverviewSuggest Edit

2U (previously known as 2tor) is a company that 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
Founded2008
HQLanham, MD, US
Website2u.com
Overall CultureB

Latest Updates

Employees (est.) (Dec 2018)2,583(+43%)
Job Openings269
Revenue (FY, 2020)$774.5 M(+35%)
Share Price (Sept 2021)$33.1(-1%)
Cybersecurity ratingBMore

Key People/Management at 2U

Brad Adams

Brad Adams

Chief University Operations Officer
Ken Goff

Ken Goff

SVP, Investor Relations
James Kenigsberg

James Kenigsberg

Chief Technology Officer
Mark Chernis

Mark Chernis

Chief Operating Officer
Todd Glassman

Todd Glassman

General Counsel
Andrew Hermalyn

Andrew Hermalyn

President, Global Partnerships
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2U Office Locations

2U has offices in Lanham, Arlington, Boca Raton, Chapel Hill and in 7 other locations
Lanham, MD, US (HQ)
7900 Harkins Rd
Arlington, VA, US
1521 N Danville Street
Boca Raton, FL, US
980 N Federal Hwy #412
Chapel Hill, NC, US
1210 Environ Way
Denver, CO, US
707 17th St #2300
Los Angeles, CA, US
1150 S Olive St #2050
Show all (12)

2U Financials and Metrics

2U Revenue

2U's revenue was reported to be $774.53 m in FY, 2020
USD

Revenue (Q2, 2021)

237.2m

Net income (Q2, 2021)

(21.8m)

EBIT (Q2, 2021)

(37.1m)

Market capitalization (15-Sept-2021)

2.5b

Closing stock price (15-Sept-2021)

33.1

Cash (30-Jun-2021)

953.1m

EV

2.3b
2U's current market capitalization is $2.5 b.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

30.8m150.2m205.9m286.8m411.8m574.7m774.5m

Revenue growth, %

388%37%39%44%

Cost of goods sold

7.0m32.0m41.0m50.8m67.2m

Gross profit

23.7m118.1m164.9m236.0m344.6m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Revenue

26.3m24.7m28.4m34.6m35.2m37.1m47.4m49.1m52.0m64.8m65.0m70.3m92.3m97.4m107.0m122.2m135.5m153.8m175.5m182.7m201.1m232.5m237.2m

Cost of goods sold

6.2m7.0m6.6m7.6m7.9m7.8m9.5m10.3m10.4m10.9m13.5m12.9m15.2m17.3m16.6m20.2m

Gross profit

20.1m17.7m21.8m27.1m27.3m29.2m37.9m38.9m41.6m53.9m51.5m57.3m77.1m80.1m90.4m102.1m

Gross profit Margin, %

76%72%77%78%78%79%80%79%80%83%79%82%83%82%84%83%
Annual
USDY, 2011Y, 2012Y, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

24.0m25.2m7.0m86.9m183.7m168.7m223.4m449.8m170.6m500.6m

Accounts Receivable

350.0k975.0k7.9m14.2m32.6m33.7m46.7m

Prepaid Expenses

10.5m14.3m37.4m39.4m

Inventories

7.4m5.0m
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

(4.0m)(3.4m)(20.7m)(29.4m)(38.3m)(235.2m)(216.5m)

Depreciation and Amortization

5.6m7.2m9.8m19.6m32.8m69.8m96.5m

Inventories

(45.1m)5.2m

Accounts Payable

(2.6m)2.3m(815.0k)3.5m4.7m17.1m11.3m
Show all financial metrics

2U Operating Metrics

2U's Customers was reported to be 17 in FY, 2016.
Q1, 2014Q2, 2014Q3, 2014Q4, 2014FY, 2014Q1, 2015Q2, 2015Q3, 2015Q4, 2015FY, 2015Q2, 2016Q3, 2016Q4, 2016FY, 2016Q1, 2017

Customers

1117

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

1538

Students

12.3 k17.5 k24 k
Show all operating metrics

2U Acquisitions / Subsidiaries

Company NameDateDeal Size
Trilogy Education ServicesApril 08, 2019$750 m

2U Cybersecurity Score

Cybersecurity ratingPremium dataset

B

84/100

SecurityScorecard logo

2U Online and Social Media Presence

Embed Graph

2U Company Culture

  • Overall Culture

    B

    79/100

  • CEO Rating

    A

    83/100

  • Compensation

    B+

    82/100

Learn more on Comparably

2U News and Updates

2U, Inc. Announces Acquisition of edX Assets

LANHAM, Md., June 29, 2021 /PRNewswire/ -- 2U, Inc. (Nasdaq: TWOU), a global leader in education technology, today announced that it has entered into a definitive agreement to acquire substantially all of edX's assets, including the edX brand, website, and marketplace, for $800 million in...

2U, Inc. and edX to Join Together in Industry-Redefining Combination

LANHAM, Md. and CAMBRIDGE, Mass., June 29, 2021 /PRNewswire/ -- 2U, Inc. (Nasdaq: TWOU), a global leader in education technology, and edX, a leading online learning platform and education marketplace, today announced they have entered into a definitive agreement to join together in an...

2U set to acquire non-profit edX for deal north of $600M

2U, a SaaS platform that helps non-profits and colleges run online universities, plans to acquire all the assets of Harvard and MIT-founded edX for a deal north of $600 million, according to multiple sources. 2U did not immediately respond to requests for comment, and its unclear if this is an all-c…

2U, Inc. to Announce Future Conference Participation on Investor Relations Website

Visitors to investor.2u.com can sign up to receive email alerts for future events. Live webcasts and replays of presentations, company filings, and safe harbor disclosure information can also be found on the site.read more
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2U Blogs

2U, Inc. to Present at the Credit Suisse Technology Conference

2U, Inc. today announced its scheduled participation in the Credit Suisse 23rd Annual Technology Conference on Tuesday, December 3, 2019 at 4:05 p.m. MST. 2U Co-Founder and CEO Christopher "Chip" Paucek and CFO Paul Lalljie will present on the company's history, strategy, and financial results.

2U, Inc. Appoints Jennifer Ogden-Reese as Chief Marketing Officer

2U, Inc. today announced that Jennifer Ogden-Reese has been hired as its new Chief Marketing Officer, effective November 11, 2019.

2U, Inc. to Announce 2019 Third Quarter Results on Tuesday, November 12, 2019

2U, Inc. announced today that it will report its third quarter 2019 financial and operational results on Tuesday, November 12, 2019. 

2U, Inc. and Rochester Institute of Technology Partner to Deliver Online Master of Architecture

2U, Inc. today announced a new partnership with Rochester Institute of Technology’s Golisano Institute for Sustainability to deliver an online Master of Architecture (M.Arch.) degree.

St. John Fisher College and 2U, Inc. Partner to Deliver New Hybrid Doctorate of Pharmacy

The St. John Fisher College Wegmans School of Pharmacy and 2U, Inc. today announced a partnership to deliver a new clinically-oriented hybrid Pharm.D. pathway for aspiring pharmacy professionals in New York State and across the country.

2U, Inc. and Keypath Education Join Emerson College to Deliver Online MA in Digital Marketing and Data Analytics

2U, Inc. and Keypath Education today announced plans to power Emerson College’s new online Master of Arts (MA) in digital marketing and data analytics.
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2U Frequently Asked Questions

  • When was 2U founded?

    2U was founded in 2008.

  • Who are 2U key executives?

    2U's key executives are Brad Adams, Ken Goff and James Kenigsberg.

  • How many employees does 2U have?

    2U has 2,583 employees.

  • What is 2U revenue?

    Latest 2U annual revenue is $774.5 m.

  • What is 2U revenue per employee?

    Latest 2U revenue per employee is $299.9 k.

  • Who are 2U competitors?

    Competitors of 2U include Chegg, Gerson Lehrman Group and Academic Partnerships.

  • Where is 2U headquarters?

    2U headquarters is located at 7900 Harkins Rd, Lanham.

  • Where are 2U offices?

    2U has offices in Lanham, Arlington, Boca Raton, Chapel Hill and in 7 other locations.

  • How many offices does 2U have?

    2U has 12 offices.