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
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Key People/Management at 2U

Catherine Graham

Catherine Graham

Chief Financial Officer
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

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 Financials

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

Revenue (FY, 2017)

286.8 m

Gross profit (FY, 2017)

236 m

Gross profit margin (FY, 2017), %

82.3%

Net income (FY, 2017)

(29.4 m)

EBIT (FY, 2017)

(30.1 m)

Market capitalization (20-Apr-2018)

4.1 b

Cash (31-Dec-2017)

223.4 m
2U's current market capitalization is $4.1 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, 2017

Revenue

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

Gross profit Margin, %

76%72%77%78%78%79%80%79%80%83%79%
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, 2017

Cash

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

Accounts Receivable

632 k655 k10 m4.3 m4.4 m12.7 m1.3 m5.2 m21 m28.7 m23.4 k

Current Assets

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

PP&E

5.7 m5.7 m5.8 m6.9 m7.4 m7.8 m3.6 m4 m7.8 m29.7 m34.4 k
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, 2017

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)

Accounts Payable

4.1 m4.7 m7.1 m2.8 m4.3 m6.4 m5.6 m4.8 m10.8 m
USDY, 2017

Revenue/Employee

256.3 k

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 News and Updates

Chassis Plans Launches M2UDA-20 Rugged Military Grade 2U Rackmount Storage Server with Revision Control

The high performance, ruggedized 12 Bay Storage Server is designed for a range of computationally-intense applications including airborne, seaborne, persistent surveillance and UAVs.

Chassis Plans Announces Military Grade 2U Rackmount Bi-Fold LCD Systems

The double 24-inch rugged bi-fold - MIL-STD 810G - LCD Monitor system is designed for a range of mission critical military, industrial and commercial applications.

A Hunger for Intensity at Prada

Miuccia Prada usually questions orthodoxy in a passive aggressive way, but this collection was infected with a no-nonsense grunge-y sensibility of resistance.
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