2U is a cloud-based Software-as-a-Service platform providing schools with the comprehensive operating infrastructure they need to attract, enroll, educate, support, and graduate students globally. Blending live face-to-face classes, dynamic course content, and real-world learning experiences, 2U’s No Back Row approach ensures that every student can experience the high-quality university education for the most successful outcome. The platform partners with universities to offer online degree programs.
2U supplies universities with the tools, expertise, capital, and global recruiting needed to compete in a space currently dominated by unexceptional programs, while developing state-of-the-art technology platforms that enhance traditional offline curricula to create transformative instruction using the best educational and Web 2.0 technologies. The platform provides the vital logistical components of any online program, including comprehensive student support services from enrollment through graduation and beyond as well as practical learning experiences within distant communities around the country.
Company Growth (employees)
Type
Public
HQ
Hyattsville, US
Founded
2008
Size (employees)
1,119 (est)
Website
2U.com
2U was founded in 2008 and is headquartered in Hyattsville, US

Key People at 2U

Catherine Graham

Catherine Graham

Chief Financial Officer
Chip Paucek

Chip Paucek

CEO & Co-Founder
Rob Cohen

Rob Cohen

EVP
Andrew Hermalyn

Andrew Hermalyn

EVP

2U Office Locations

2U has an office in Hyattsville
Hyattsville, US (HQ)
8201 Corporate Dr

2U Data and Metrics

2U Financial Metrics

2U's revenue was reported to be $64.8 m in Q1, 2017
USD

Revenue (Q1, 2017)

64.8 m

Gross profit (Q1, 2017)

53.9 m

Gross profit margin (Q1, 2017), %

83%

Net income (Q1, 2017)

(3.4 m)

EBIT (Q1, 2017)

(3.6 m)

Market capitalization (15-Aug-2017)

2.3 b

Cash (31-Mar-2017)

142.9 m
2U's current market capitalization is $2.3 b.
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

30.8 m43.3 m205.9 m

Revenue growth, %

41%376%

Cost of goods sold

7 m8.7 m41 m

Gross profit

23.7 m34.5 m164.9 m

Gross profit Margin, %

77%80%80%

Sales and marketing expense

16.3 m20.2 m106.6 m

R&D expense

5.4 m7.5 m33.3 m

General and administrative expense

6 m10.1 m46 m

Operating expense total

34.7 m46.6 m226.9 m

EBIT

(3.9 m)(3.3 m)(21 m)

EBIT margin, %

(13%)(8%)(10%)

Interest expense

73 k(27 k)(119 k)(173 k)(35 k)

Interest income

30 k94 k383 k

Pre tax profit

(20.7 m)

Net Income

(4 m)(3.4 m)(20.7 m)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

24.7 m28.4 m34.6 m35.2 m37.1 m47.4 m49.1 m52 m64.8 m

Cost of goods sold

7 m6.6 m7.6 m7.9 m7.8 m9.5 m10.3 m10.4 m10.9 m

Gross profit

17.7 m21.8 m27.1 m27.3 m29.2 m37.9 m38.9 m41.6 m53.9 m

Gross profit Margin, %

72%77%78%78%79%80%79%80%83%

Sales and marketing expense

16.7 m17 m19.6 m21.5 m21.6 m23.7 m27.5 m28.2 m34.7 m

R&D expense

5.8 m5.7 m6.1 m6.5 m7.1 m7.3 m8.8 m8.7 m9.2 m

General and administrative expense

5.7 m6.3 m6.7 m8.9 m8.5 m10.4 m10.9 m11.6 m13.7 m

Operating expense total

28.2 m29 m32.4 m36.9 m37.1 m41.4 m47.3 m48.4 m57.5 m

EBIT

(10.5 m)(7.2 m)(5.4 m)(9.5 m)(7.9 m)(3.4 m)(8.4 m)(6.8 m)(3.6 m)

EBIT margin, %

(42%)(25%)(16%)(27%)(21%)(7%)(17%)(13%)(6%)

Interest expense

(134 k)(176 k)(126 k)(126 k)(127 k)(26 k)(9 k)(127 k)(26 k)

Interest income

31 k30 k28 k24 k21 k92 k91 k37 k196 k

Pre tax profit

(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)

Net Income

(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)
USDY, 2011Y, 2012Y, 2013FY, 2014FY, 2015FY, 2016

Cash

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

Accounts Receivable

350 k975 k7.9 m

Inventories

7.4 m5 m

Current Assets

90 m192.9 m184.7 m

PP&E

6.8 m8.1 m15.6 m

Total Assets

113 m231 m244.3 m

Accounts Payable

2.3 m4.5 m3.7 m

Current Liabilities

23.8 m32.6 m41.1 m

Non-Current Liabilities

2.7 m8 m

Total Liabilities

35.3 m49.1 m

Common Stock

47 k

Additional Paid-in Capital

216.8 m351.3 m371.5 m

Retained Earnings

(128.8 m)(155.6 m)(176.3 m)

Total Equity

88 m195.8 m195.2 m

Financial Leverage

1.3 x1.2 x1.3 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

104.8 m80.6 m83.1 m88.2 m175.3 m186.7 m188.3 m156.9 m142.9 m

Accounts Receivable

655 k10 m4.3 m4.4 m12.7 m1.3 m5.2 m21 m28.7 m

Current Assets

108.2 m93.8 m93.3 m96.6 m194.4 m197.3 m201.8 m185.9 m180.7 m

PP&E

5.7 m5.8 m6.9 m7.4 m7.8 m3.6 m4 m7.8 m29.7 m

Total Assets

127.9 m114.1 m117 m123.1 m228.6 m236.7 m245.8 m234.6 m260.7 m

Accounts Payable

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

Current Liabilities

31.8 m23.9 m30.5 m41.2 m32.6 m37.5 m50.1 m38 m50.8 m

Non-Current Liabilities

2.6 m2.5 m3.9 m

Additional Paid-in Capital

211.3 m213.7 m219.7 m224.5 m347.1 m355.5 m360.5 m366.7 m375.5 m

Retained Earnings

(117.5 m)(124.8 m)(134.3 m)(143.9 m)(152.2 m)(159 m)(167.3 m)(174.1 m)(179.9 m)

Total Equity

93.8 m88.9 m85.4 m80.6 m194.9 m196.6 m193.2 m192.7 m195.7 m

Financial Leverage

1.4 x1.3 x1.4 x1.5 x1.2 x1.2 x1.3 x1.2 x1.3 x
USDFY, 2014FY, 2015FY, 2016

Net Income

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

Depreciation and Amortization

5.6 m7.2 m9.8 m

Accounts Receivable

1.5 m(625 k)(6.9 m)

Inventories

(45.1 m)5.2 m

Accounts Payable

(2.6 m)2.3 m(815 k)

Cash From Operating Activities

79.9 m96.8 m5.2 m

Purchases of PP&E

(4.1 m)(7.6 m)

Capital Expenditures

(16.7 m)

Cash From Investing Activities

(11 m)(15.9 m)(24.5 m)

Long-term Borrowings

(5 m)(5 m)(5 m)

Cash From Financing Activities

102.6 m122 m4.3 m

Free Cash Flow

(11.5 m)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

(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 Receivable

655 k10 m4.3 m4.4 m12.7 m1.3 m5.2 m21 m28.7 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

57.9 k

Financial Leverage

1.3 x

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

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$2.6 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

Students

12.3 k17.5 k24 k

Customers

1117

Programs

1538

2U Market Value History

Traffic Overview of 2U

2U Online and Social Media Presence

2U Company Life and Culture

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