2U
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. 2U's past years’ income statements indicate that its last revenue has decreased compared to the previous period by 2% to $945,953,000. The net income raised on -$317,607,000 and profit margin reached -34%. Total operating expenses were $681,027,000.
Profit Margin
| 2014 | 110.23M | -28.99M | -26.31% |
|---|---|---|---|
| 2015 | 150.19M | -26.73M | -17.8% |
| 2016 | 205.86M | -20.68M | -10.05% |
| 2017 | 286.75M | -29.42M | -10.26% |
| 2018 | 411.76M | -38.33M | -9.31% |
| 2019 | 574.67M | -235.22M | -40.93% |
| 2020 | 774.53M | -216.48M | -27.95% |
| 2021 | 945.68M | -194.76M | -20.6% |
| 2022 | 963.08M | -322.15M | -33.45% |
| 2023 | 945.95M | -317.60M | -33.58% |
TWOU Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 945.95M | 963.08M | 945.68M | 774.53M | 574.67M | 411.76M | 286.75M | 205.86M | 150.19M | 110.23M |
Cost of revenue | 257.60M | 277.68M | 269.36M | 233.81M | 162.16M | 90.49M | 57.37M | 40.98M | 32.04M | 26.85M |
Gross profit | 688.35M | 685.39M | 676.31M | 540.71M | 412.51M | 321.27M | 229.37M | 164.88M | 118.14M | 83.38M |
Operating exp. | ||||||||||
Research and development | 176.21M | 190.47M | 179.06M | 155.94M | 115.47M | 63.81M | 45.92M | 33.28M | 27.21M | 22.62M |
Selling and marketing | 372.12M | 422.14M | 456.09M | 390.17M | 342.39M | 221.01M | 150.92M | 106.61M | 82.91M | 65.21M |
Total operating expenses | 681.02M | 772.03M | 843.75M | 719.64M | 588.88M | 367.81M | 259.51M | 185.91M | 144.24M | 111.25M |
Operating income | 7.32M | -89.29M | -167.43M | -178.93M | -176.37M | -46.54M | -30.13M | -21.03M | -26.09M | -27.87M |
Other income (expenses), net | -90.15M | -233.76M | -28.52M | -39.06M | -78.70M | -1.72M | -582K | 348K | -635K | -1.12M |
Income before tax | -315.95M | -323.05M | -195.96M | -217.99M | -255.08M | -43.19M | -30.72M | -20.68M | -26.73M | -28.99M |
Income tax expense | 1.65M | -903K | -1.19M | -1.51M | -19.86M | -4.86M | -1.29M | 383K | 302K | 89K |
Net income | -317.60M | -322.15M | -194.76M | -216.48M | -235.22M | -38.33M | -29.42M | -20.68M | -26.73M | -28.99M |
Earnings per share | ||||||||||
Basic EPS | -117.79 | -4.17 | -2.61 | -96.73 | -3.83 | -0.69 | -17.99 | -0.44 | -18.91 | -27.21 |
Diluted EPS | -117.79 | -4.17 | -2.61 | -96.73 | -3.83 | -0.69 | -17.99 | -0.44 | -18.91 | -27.21 |
| Data source | Data source | Data source | Data source | Data source | Data source | Data source | Data source | Data source | Data source |