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, US
Website2u.com

Latest Updates

Employees (est.) (Dec 2018)2,583(+43%)
Revenue (FY, 2019)$574.7 M(+40%)
Share Price (May 2020)$36.5 (+3%)

Key People/Management at 2U

Cathy Graham

Cathy Graham

CFO
Brad Adams

Brad Adams

Chief University Operations Officer
James Kenigsberg

James Kenigsberg

Chief Technology Officer
Mark Chernis

Mark Chernis

Chief Operating Officer
Todd Glassman

Todd Glassman

General Counsel
Rani Hammond

Rani Hammond

Chief People Officer
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2U Office Locations

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

2U Financials and Metrics

2U Revenue

2U's revenue was reported to be $574.67 m in FY, 2019
USD

Revenue (Q1, 2020)

175.5m

Net income (Q1, 2020)

(60.1m)

EBIT (Q1, 2020)

(53.9m)

Market capitalization (29-May-2020)

2.3b

Closing stock price (29-May-2020)

36.5

Cash (31-Mar-2020)

138.2m

EV

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

Revenue

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

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, 2020

Revenue

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

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, 2019

Cash

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

Accounts Receivable

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

Prepaid Expenses

10.5m14.3m37.4m

Inventories

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

Net Income

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

Depreciation and Amortization

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

Inventories

(45.1m)5.2m

Accounts Payable

(2.6m)2.3m(815.0k)3.5m4.7m17.1m
USDY, 2020

EV/EBIT

-46.8 x

EV/CFO

-255.5 x

Financial Leverage

1.8 x
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

11 17

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

2U Acquisitions / Subsidiaries

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

2U Online and Social Media Presence

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2U News and Updates

The University of London and London School of Economics and Political Science Expand Partnership with 2U, Inc. to Offer Undergraduate Degrees Across the Social Sciences

LONDON, Feb. 4, 2020 /PRNewswire/ -- 2U, Inc. (Nasdaq: TWOU), a global leader in education technology, the University of London, and its member institution, the London School of Economics and Political Science (LSE), today announced an expanded partnership to launch a suite of seven...

Sachem Head to Push For Sale of Education Company 2U

Sachem Head to Push For Sale of Education Company 2U

2U, Inc. Appoints Paul S. Lalljie as Chief Financial Officer

LANHAM, Md., Oct. 16, 2019 /PRNewswire/ -- 2U, Inc. (Nasdaq: TWOU), a global leader in education technology, today announced the appointment of Paul S. Lalljie as the company's Chief Financial Officer, effective October 14, 2019. Lalljie has more than 20 years of experience in finance...

2U 2-DAY DEADLINE ALERT: Hagens Berman Reminds 2U (TWOU) Investors of October 7, 2019 Lead Plaintiff Deadline, Encourages Investors Who Lost $50,000+ to Contact the Firm

Class-action law firm urges TWOU investors who have suffered significant losses (in excess of $50,000) to learn their shareholder rights.read more

Lifshitz & Miller LLP Announces Investigation of 2U, Inc., Buford Capital Limited, Evolent Health, Inc., Greenlane Holdings, Inc., International Flavors and Fragrances, Inc., NetApp, Inc., and Valaris PLC

NEW YORK, Sept. 17, 2019 /PRNewswire/ -- 2U, Inc. (TWOU) Lifshitz & Miller announces investigation into possible securities laws violations in connection with allegations that TWOU had an unsustainable business model. Specifically, the Company faced increasing competition in online...

2U, Inc. Announces Industry-Leading Framework For Transparency

LANHAM, Md., Sept. 11, 2019 /PRNewswire/ -- 2U, Inc. a global leader in education technology, today announced an unprecedented new Framework for Transparency in the online program management ("OPM") industry. The framework will offer students, universities, and policymakers data on...
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2U Blogs

Syracuse University, 2U, Inc. Partner to Offer Online Master’s Degree in Social Work

2U, Inc. today announced an expanded partnership with Syracuse University to deliver a new online Master of Social Work (MSW) within the David B. Falk College of Sport and Human Dynamics.

2U, Inc. Announces Zero Interest Deferred Tuition Plan

2U, Inc. today announced it will begin to offer a deferred tuition plan in collaboration with its partners. Online students in Simmons University’s School of Nursing will be the first students eligible to apply for the new deferred tuition payments, representing the first master’s degree in the U.S.…

2U, Inc. Announces Chief Financial Officer Retirement

2U, Inc. today announced that following a successful seven-year career, Catherine A. Graham has notified the company that she plans to retire as chief financial officer, effective April 1, 2020 or upon the company’s earlier appointment of her successor.

2U, Inc. to Present at the BMO Back to School Conference

2U, Inc. today announced its scheduled participation in the 19th Annual BMO Capital Markets Back to School Conference on Thursday, September 12, 2019 at 8:30 a.m. EDT. 

2U, Inc. Announces its First Online Undergraduate Degree Program in Partnership with the University of London

New affiliation provides students access to London School of Economics and Political Science’s world-renowned faculty and curriculum

Ebony Lee Joins 2U, Inc. Leadership Team as Managing Director for Graduate Programs

2U, Inc. today announced Ebony Lee as its managing director for graduate programs. In this senior leadership role, Lee will oversee the execution and growth of the graduate program business, including future product innovations and customer experience enhancements for both students and university pa…
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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 Cathy Graham, Brad Adams and James Kenigsberg.

  • How many employees does 2U have?

    2U has 2,583 employees.

  • What is 2U revenue?

    Latest 2U annual revenue is $574.7 m.

  • What is 2U revenue per employee?

    Latest 2U revenue per employee is $222.5 k.

  • Who are 2U competitors?

    Competitors of 2U include Gerson Lehrman Group, Academic Partnerships and Florida Virtual School.

  • 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.