2U, Inc. operates as an education technology company in the United States and internationally. The company operates through two segments, Degree Program and Alternative Credential. The Degree Program segment provides the technology and services to nonprofit colleges and universities to enable the online delivery of degree programs. This segment targets students seeking an undergraduate or graduate degree. The Alternative Credential segment offers online open courses, executive education programs, technical cources, skills-based boot camps, and micro-credential programs through nonprofit colleges and universities. This segment targets students seeking to reskill or upskill through shorter duration and lower-priced offerings. It also provides a platform that provides front-end and back-end cloud-based SaaS technology and technology-enabled services. The company was formerly known as 2Tor Inc. and changed its name to 2U, Inc. in October 2012. 2U, Inc. was incorporated in 2008 and is headquartered in Lanham, Maryland.
Revenue of 2U, Inc. (TWOU)
Revenue in 2023 (TTM): $945.95 M
According to 2U, Inc.'s latest financial reports the company's current revenue (TTM) is $945.95 M. The revenue is the total amount of income that a company generates by the sale of goods or services. Unlike with the earnings no expenses are subtracted.
Revenue history of 2U, Inc.
Annual Revenue
| Year | Revenue | Gross Profit | Ebitda | Income Before Tax | Net Income |
|---|---|---|---|---|---|
| 2023 | $945.95 M | $688.35 M | $-225,803,000 | $-315,953,000 | $-317,607,000 |
| 2022 | $963.08 M | $685.4 M | $-258,170,000 | $-323,054,000 | $-322,151,000 |
| 2021 | $945.68 M | $676.32 M | $-25,257,000 | $-195,962,000 | $-194,766,000 |
| 2020 | $774.53 M | $540.71 M | $-82,466,000 | $-217,998,000 | $-216,484,000 |
| 2019 | $574.67 M | $412.51 M | $-101,441,000 | $-255,082,000 | $-235,222,000 |
| 2018 | $411.77 M | $321.28 M | $-13,755,000 | $-43,197,000 | $-38,330,000 |
| 2017 | $286.75 M | $229.38 M | $-11,009,000 | $-30,720,000 | $-29,423,000 |
| 2016 | $205.86 M | $164.88 M | $-10,899,000 | $-20,684,000 | $-20,684,000 |
| 2015 | $150.19 M | $118.15 M | $-18,961,000 | $-26,733,000 | $-26,733,000 |
| 2014 | $110.24 M | $83.38 M | $-22,214,000 | $-28,999,000 | $-28,999,000 |
| 2013 | $83.13 M | $60.41 M | $-23,671,000 | $-27,953,000 | $-27,953,000 |
| 2012 | $55.88 M | $40.95 M | $-20,171,000 | $-23,113,000 | $-23,113,000 |
| 2011 | $29.73 M | $17.43 M | $-23,308,000 | $-24,878,000 | $-24,878,000 |