2U, Inc. (TWOU)

2U, Inc. Income Statement

Financials in millions USD. Fiscal year is January - December.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	905.83	945.95	963.08	945.68	774.53	574.67
Revenue Growth (YoY)	-4.47%	-1.78%	1.84%	22.10%	34.78%	39.56%
Cost of Revenue	245.22	257.6	277.68	269.37	233.82	162.16
Gross Profit	660.61	688.35	685.4	676.32	540.71	412.51
Selling, General & Admin	494.8	504.81	581.57	656.15	556.89	473.42
Research & Development	165.73	176.22	190.47	179.06	155.95	115.47
Other Operating Expenses	232.98	233.13	171.53	8.54	6.81	70.38
Operating Expenses	893.51	914.15	943.57	843.76	719.65	659.27
Operating Income	-232.9	-225.8	-258.17	-167.44	-178.94	-246.76
Interest Expense / Income	75.88	74.57	62.23	51.22	27.32	13.42
Other Expense / Income	7.64	15.58	2.65	-22.7	11.75	-5.09
Pretax Income	-316.42	-315.95	-323.05	-195.96	-218	-255.08
Income Tax	1.77	1.65	-0.9	-1.2	-1.51	-19.86
Net Income	-318.19	-317.61	-322.15	-194.77	-216.48	-235.22
Shares Outstanding (Basic)	3	3	3	2	2	2
Shares Outstanding (Diluted)	3	3	3	2	2	2
Shares Change	5.22%	4.61%	3.68%	11.08%	9.36%	9.96%
EPS (Basic)	-117.00	-117.90	-125.10	-78.30	-96.60	-114.90
EPS (Diluted)	-117.00	-117.90	-125.10	-78.30	-96.60	-114.90
Free Cash Flow	36.37	-9.45	-0.83	-27.86	23.09	-65.4
Free Cash Flow Per Share	13.07	-3.50	-0.32	-11.21	10.31	-31.95
Gross Margin	72.93%	72.77%	71.17%	71.52%	69.81%	71.78%
Operating Margin	-25.71%	-23.87%	-26.81%	-17.71%	-23.10%	-42.94%
Profit Margin	-35.13%	-33.58%	-33.45%	-20.60%	-27.95%	-40.93%
Free Cash Flow Margin	4.01%	-1.00%	-0.09%	-2.95%	2.98%	-11.38%
EBITDA	-113.44	-108.65	-111.65	-17.36	-79.06	-160.1
EBITDA Margin	-12.52%	-11.49%	-11.59%	-1.84%	-10.21%	-27.86%
Depreciation & Amortization	127.1	132.73	149.17	127.38	111.62	81.57
EBIT	-240.54	-241.38	-260.82	-144.74	-190.68	-241.66
EBIT Margin	-26.55%	-25.52%	-27.08%	-15.31%	-24.62%	-42.05%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).