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2U, INC.

EDGAR

TWOU Quarterly report (10-Q) · filed 2024-08-09

127 filing records in this dataset, filed from 2014-02-21 to 2024-08-09. Reported financial figures are available; chart coverage varies by period.

Inspect reported changes Compare with another company Historical disclosures Search filings Segments

Watchlist

Latest quarter

Revenue

181 million USD

2024 Q2 · USD

Exact inputs and evidence

Revenue: 180683000 USD Source

Operating margin

-239.11%

2024 Q2 · %

Exact inputs and evidence

Operating Income: -432040000 USD Source
Revenue: 180683000 USD Source

Operating cash flow

-92.2 million USD

2024 Q2 · USD

Exact inputs and evidence

Operating Cash Flow: -19925000 USD Source
Operating Cash Flow: 72249000 USD Source

Free cash flow

-92.5 million USD

2024 Q2 · USD

Exact inputs and evidence

Operating Cash Flow: -19925000 USD Source
Operating Cash Flow: 72249000 USD Source
Capital Expenditure: 465000 USD Source
Capital Expenditure: 176000 USD Source

Cash and cash equivalents: 22.6 million USD 2024-06-30 Source
Exact value

22621000 USD
Long-term debt including current maturities: 908 million USD 2024-06-30 Source
Exact value

908298000 USD
Shares outstanding: 2.81 million shares 2024-06-30 Source
Exact value

2805301 shares

Reported share-count change

-96.53% · -78.2 million shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence

80957654 shares · 2023-06-30· Source
2805301 shares · 2024-06-30· Source

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Revenue

864 million USD

2023-07-01 – 2024-06-30

Exact inputs and evidence

Revenue: 229699000 USD · 2023-07-01 – 2023-09-30 Source
Revenue: 945953000 USD · 2023-01-01 – 2023-12-31 Source
Revenue: 690292000 USD · 2023-01-01 – 2023-09-30 Source
Revenue: 198377000 USD · 2024-01-01 – 2024-03-31 Source
Revenue: 180683000 USD · 2024-04-01 – 2024-06-30 Source

Capital expenditure

4.38 million USD

2023-07-01 – 2024-06-30

Exact inputs and evidence

Capital expenditure: 4335000 USD · 2023-01-01 – 2023-09-30 Source
Capital expenditure: 2105000 USD · 2023-01-01 – 2023-06-30 Source
Capital expenditure: 6021000 USD · 2023-01-01 – 2023-12-31 Source
Capital expenditure: 4335000 USD · 2023-01-01 – 2023-09-30 Source
Capital expenditure: 176000 USD · 2024-01-01 – 2024-03-31 Source
Capital expenditure: 465000 USD · 2024-01-01 – 2024-06-30 Source
Capital expenditure: 176000 USD · 2024-01-01 – 2024-03-31 Source

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2024-08-09.

Financial data available through: 2023-12-31.

Coverage by financial measure

Revenue: 6 of 11 periods available· newest 2023-12-31
Operating income: 8 of 11 periods available· newest 2023-12-31
Net income: 8 of 11 periods available· newest 2023-12-31
Operating cash flow: 8 of 11 periods available· newest 2023-12-31
Capital expenditure: 7 of 11 periods available· newest 2023-12-31
Total assets: 6 of 11 periods available· newest 2023-12-31
Total liabilities: 6 of 11 periods available· newest 2023-12-31
Current assets: 6 of 11 periods available· newest 2023-12-31
Current liabilities: 6 of 11 periods available· newest 2023-12-31
Cash and cash equivalents: 6 of 11 periods available· newest 2023-12-31
Long-term debt including current maturities: 5 of 11 periods available· newest 2023-12-31
Shares outstanding: 6 of 11 periods available· newest 2023-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

Revenue
-1.8%

Prior period

USD 963.08 million

2022-01-01 – 2022-12-31
Current period

USD 945.95 million

2023-01-01 – 2023-12-31

Exact inputs and evidence

945953000 − 963080000 = -17127000 USD

963080000 USD · 2022-01-01 – 2022-12-31
Inspect prior input Prior source
945953000 USD · 2023-01-01 – 2023-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Revenue · 2U, INC. · 2023-12-31 2U, INC. (edgar:1459417) Year-over-year change in Revenue: -17127000 USD Concept: fundies:Revenue Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T01:37:29Z Snapshot: bf7e715003eaa5b1649e239dabfc22dea1e79033a88cd407b508c985203d2bc3 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1459417?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:Revenue: 945953000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1459417/000145941724000011/twou-20231231.htm#2148752 Filing: 000145941724000011 Input fundies:Revenue: 963080000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1459417/000145941724000011/twou-20231231.htm#2149657 Filing: 000145941724000011
The citation records this snapshot. The page link may show a newer release later.
Net income
+USD 4.54 million

Prior period

−USD 322.15 million

2022-01-01 – 2022-12-31
Current period

−USD 317.61 million

2023-01-01 – 2023-12-31

Exact inputs and evidence

-317607000 − -322151000 = 4544000 USD

-322151000 USD · 2022-01-01 – 2022-12-31
Inspect prior input Prior source
-317607000 USD · 2023-01-01 – 2023-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Net income · 2U, INC. · 2023-12-31 2U, INC. (edgar:1459417) Year-over-year change in Net income: 4544000 USD Concept: fundies:NetIncome Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T01:37:29Z Snapshot: bf7e715003eaa5b1649e239dabfc22dea1e79033a88cd407b508c985203d2bc3 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1459417?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:NetIncome: -317607000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1459417/000145941724000011/twou-20231231.htm#2176885 Filing: 000145941724000011 Input fundies:NetIncome: -322151000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1459417/000145941724000011/twou-20231231.htm#2177670 Filing: 000145941724000011
The citation records this snapshot. The page link may show a newer release later.
Operating cash flow
-131.4%

Prior period

USD 10.93 million

2022-01-01 – 2022-12-31
Current period

−USD 3.43 million

2023-01-01 – 2023-12-31

Exact inputs and evidence

-3431000 − 10927000 = -14358000 USD

10927000 USD · 2022-01-01 – 2022-12-31
Inspect prior input Prior source
-3431000 USD · 2023-01-01 – 2023-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Operating cash flow · 2U, INC. · 2023-12-31 2U, INC. (edgar:1459417) Year-over-year change in Operating cash flow: -14358000 USD Concept: fundies:OperatingCashFlow Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T01:37:29Z Snapshot: bf7e715003eaa5b1649e239dabfc22dea1e79033a88cd407b508c985203d2bc3 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1459417?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:OperatingCashFlow: -3431000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1459417/000145941724000011/twou-20231231.htm#1270599 Filing: 000145941724000011 Input fundies:OperatingCashFlow: 10927000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1459417/000145941724000011/twou-20231231.htm#1271259 Filing: 000145941724000011
The citation records this snapshot. The page link may show a newer release later.
Capital expenditure
-48.8%

Prior period

USD 11.76 million

2022-01-01 – 2022-12-31
Current period

USD 6.02 million

2023-01-01 – 2023-12-31

Exact inputs and evidence

6021000 − 11755000 = -5734000 USD

11755000 USD · 2022-01-01 – 2022-12-31
Inspect prior input Prior source
6021000 USD · 2023-01-01 – 2023-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Capital expenditure · 2U, INC. · 2023-12-31 2U, INC. (edgar:1459417) Year-over-year change in Capital expenditure: -5734000 USD Concept: fundies:CapitalExpenditure Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T01:37:29Z Snapshot: bf7e715003eaa5b1649e239dabfc22dea1e79033a88cd407b508c985203d2bc3 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1459417?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:CapitalExpenditure: 6021000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1459417/000145941724000011/twou-20231231.htm#1277957 Filing: 000145941724000011 Input fundies:CapitalExpenditure: 11755000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1459417/000145941724000011/twou-20231231.htm#1278551 Filing: 000145941724000011
The citation records this snapshot. The page link may show a newer release later.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2023 2023-01-01 – 2023-12-31

Revenue USD 945.95 million 100% of revenue
Operating costs Derived USD 1.17 billion 124% of revenue
Operating income −USD 225.8 million −24% of revenue
Tax, interest and other Derived USD 91.8 million 9.7% of revenue
Net income −USD 317.61 million −34% of revenue

Cash

Operating cash flow −USD 3.43 million −0.4% of revenue
Capital expenditure USD 6.02 million 0.6% of revenue
Free cash flow Derived −USD 9.45 million −1% of revenue

Share of revenue by period

Net income
Tax, interest and other
Operating costs

2018 Operating loss: operating costs were 111% of revenue.
2019 Operating loss: operating costs were 143% of revenue.
2020 Operating loss: operating costs were 123% of revenue.
2021 Operating loss: operating costs were 118% of revenue.
2022 Operating loss: operating costs were 127% of revenue.
2023 Operating loss: operating costs were 124% of revenue.

Values and sources

Revenue breakdown by annual reporting period
Period	Revenue	Operating costs	Operating income	Tax, interest and other	Net income	Free cash flow	Source
2018 2018-01-01 – 2018-12-31	411769000	458309000 Derived	-46540000	-8210000 Derived	-38330000	-15116000 Derived	Source 2018-01-01 – 2018-12-31: 411769000 USD Inspect Revenue Open source 2018-01-01 – 2018-12-31: -46540000 USD Inspect Operating Income Open source 2018-01-01 – 2018-12-31: -38330000 USD Inspect Net Income Open source 2018-01-01 – 2018-12-31: -3120000 USD Inspect Operating Cash Flow Open source 2018-01-01 – 2018-12-31: 11996000 USD Inspect Capital Expenditure Open source
2019 2019-01-01 – 2019-12-31	574671000	821427000 Derived	-246756000	-11534000 Derived	-235222000	-65395000 Derived	Source 2019-01-01 – 2019-12-31: 574671000 USD Inspect Revenue Open source 2019-01-01 – 2019-12-31: -246756000 USD Inspect Operating Income Open source 2019-01-01 – 2019-12-31: -235222000 USD Inspect Net Income Open source 2019-01-01 – 2019-12-31: -51974000 USD Inspect Operating Cash Flow Open source 2019-01-01 – 2019-12-31: 13421000 USD Inspect Capital Expenditure Open source
2020 2020-01-01 – 2020-12-31	774533000	953468000 Derived	-178935000	37549000 Derived	-216484000	23087000 Derived	Source 2020-01-01 – 2020-12-31: 774533000 USD Inspect Revenue Open source 2020-01-01 – 2020-12-31: -178935000 USD Inspect Operating Income Open source 2020-01-01 – 2020-12-31: -216484000 USD Inspect Net Income Open source 2020-01-01 – 2020-12-31: 29604000 USD Inspect Operating Cash Flow Open source 2020-01-01 – 2020-12-31: 6517000 USD Inspect Capital Expenditure Open source
2021 2021-01-01 – 2021-12-31	945682000	1113120000 Derived	-167438000	27328000 Derived	-194766000	-27862000 Derived	Source 2021-01-01 – 2021-12-31: 945682000 USD Inspect Revenue Open source 2021-01-01 – 2021-12-31: -167438000 USD Inspect Operating Income Open source 2021-01-01 – 2021-12-31: -194766000 USD Inspect Net Income Open source 2021-01-01 – 2021-12-31: -18074000 USD Inspect Operating Cash Flow Open source 2021-01-01 – 2021-12-31: 9788000 USD Inspect Capital Expenditure Open source
2022 2022-01-01 – 2022-12-31	963080000	1221250000 Derived	-258170000	63981000 Derived	-322151000	-828000 Derived	Source 2022-01-01 – 2022-12-31: 963080000 USD Inspect Revenue Open source 2022-01-01 – 2022-12-31: -258170000 USD Inspect Operating Income Open source 2022-01-01 – 2022-12-31: -322151000 USD Inspect Net Income Open source 2022-01-01 – 2022-12-31: 10927000 USD Inspect Operating Cash Flow Open source 2022-01-01 – 2022-12-31: 11755000 USD Inspect Capital Expenditure Open source
2023 2023-01-01 – 2023-12-31	945953000	1171756000 Derived	-225803000	91804000 Derived	-317607000	-9452000 Derived	Source 2023-01-01 – 2023-12-31: 945953000 USD Inspect Revenue Open source 2023-01-01 – 2023-12-31: -225803000 USD Inspect Operating Income Open source 2023-01-01 – 2023-12-31: -317607000 USD Inspect Net Income Open source 2023-01-01 – 2023-12-31: -3431000 USD Inspect Operating Cash Flow Open source 2023-01-01 – 2023-12-31: 6021000 USD Inspect Capital Expenditure Open source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 946M 2023

Values and sources

Revenue values and source evidence
Period	Series	Value(USD)	Source evidence
20182018-12-31	Revenue	411769000	Revenue: 411769000 Open source
20192019-12-31	Revenue	574671000	Revenue: 574671000 Open source
20202020-12-31	Revenue	774533000	Revenue: 774533000 Open source
20212021-12-31	Revenue	945682000	Revenue: 945682000 Open source
20222022-12-31	Revenue	963080000	Revenue: 963080000 Open source
20232023-12-31	Revenue	945953000	Revenue: 945953000 Open source

Revenue growth

Change in revenue from the same financial period one year earlier.

-1.8% 2023

Values and sources

Revenue growth values and source evidence
Period	Series	Value	Source evidence
20182018-12-31	Year over year	No prior comparable period	Revenue: 411769000 Open source
20192019-12-31	Year over year	39.6%	Revenue: 574671000 Open source Revenue: 411769000 Open source
20202020-12-31	Year over year	34.8%	Revenue: 774533000 Open source Revenue: 574671000 Open source
20212021-12-31	Year over year	22.1%	Revenue: 945682000 Open source Revenue: 774533000 Open source
20222022-12-31	Year over year	1.8%	Revenue: 963080000 Open source Revenue: 945682000 Open source
20232023-12-31	Year over year	-1.8%	Revenue: 945953000 Open source Revenue: 963080000 Open source

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin -23.9% 2023

Net margin -33.6% 2023

Free cash flow margin -1% 2023

Operating margin
Net margin
Free cash flow margin

Values and sources

Profit margins values and source evidence
Period	Series	Value	Source evidence
20182018-12-31	Operating margin	-11.3%	Operating Income: -46540000 Open source Revenue: 411769000 Open source
20192019-12-31	Operating margin	-42.9%	Operating Income: -246756000 Open source Revenue: 574671000 Open source
20202020-12-31	Operating margin	-23.1%	Operating Income: -178935000 Open source Revenue: 774533000 Open source
20212021-12-31	Operating margin	-17.7%	Operating Income: -167438000 Open source Revenue: 945682000 Open source
20222022-12-31	Operating margin	-26.8%	Operating Income: -258170000 Open source Revenue: 963080000 Open source
20232023-12-31	Operating margin	-23.9%	Operating Income: -225803000 Open source Revenue: 945953000 Open source
20182018-12-31	Net margin	-9.3%	Net Income: -38330000 Open source Revenue: 411769000 Open source
20192019-12-31	Net margin	-40.9%	Net Income: -235222000 Open source Revenue: 574671000 Open source
20202020-12-31	Net margin	-28%	Net Income: -216484000 Open source Revenue: 774533000 Open source
20212021-12-31	Net margin	-20.6%	Net Income: -194766000 Open source Revenue: 945682000 Open source
20222022-12-31	Net margin	-33.5%	Net Income: -322151000 Open source Revenue: 963080000 Open source
20232023-12-31	Net margin	-33.6%	Net Income: -317607000 Open source Revenue: 945953000 Open source
20182018-12-31	Free cash flow margin	-3.7%	Revenue: 411769000 Open source Operating Cash Flow: -3120000 Open source Capital Expenditure: 11996000 Open source
20192019-12-31	Free cash flow margin	-11.4%	Revenue: 574671000 Open source Operating Cash Flow: -51974000 Open source Capital Expenditure: 13421000 Open source
20202020-12-31	Free cash flow margin	3%	Revenue: 774533000 Open source Operating Cash Flow: 29604000 Open source Capital Expenditure: 6517000 Open source
20212021-12-31	Free cash flow margin	-2.9%	Revenue: 945682000 Open source Operating Cash Flow: -18074000 Open source Capital Expenditure: 9788000 Open source
20222022-12-31	Free cash flow margin	-0.1%	Revenue: 963080000 Open source Operating Cash Flow: 10927000 Open source Capital Expenditure: 11755000 Open source
20232023-12-31	Free cash flow margin	-1%	Revenue: 945953000 Open source Operating Cash Flow: -3431000 Open source Capital Expenditure: 6021000 Open source

Operating cash flow

Cash generated by the company’s normal business operations.

USD -3.4M 2023

Values and sources

Operating cash flow values and source evidence
Period	Series	Value(USD)	Source evidence
20182018-12-31	Operating cash flow	-3120000	Operating Cash Flow: -3120000 Open source
20192019-12-31	Operating cash flow	-51974000	Operating Cash Flow: -51974000 Open source
20202020-12-31	Operating cash flow	29604000	Operating Cash Flow: 29604000 Open source
20212021-12-31	Operating cash flow	-18074000	Operating Cash Flow: -18074000 Open source
20222022-12-31	Operating cash flow	10927000	Operating Cash Flow: 10927000 Open source
20232023-12-31	Operating cash flow	-3431000	Operating Cash Flow: -3431000 Open source

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD -9.5M 2023

Values and sources

Free cash flow values and source evidence
Period	Series	Value(USD)	Source evidence
20182018-12-31	Free cash flow	-15116000	Operating Cash Flow: -3120000 Open source Capital Expenditure: 11996000 Open source
20192019-12-31	Free cash flow	-65395000	Operating Cash Flow: -51974000 Open source Capital Expenditure: 13421000 Open source
20202020-12-31	Free cash flow	23087000	Operating Cash Flow: 29604000 Open source Capital Expenditure: 6517000 Open source
20212021-12-31	Free cash flow	-27862000	Operating Cash Flow: -18074000 Open source Capital Expenditure: 9788000 Open source
20222022-12-31	Free cash flow	-828000	Operating Cash Flow: 10927000 Open source Capital Expenditure: 11755000 Open source
20232023-12-31	Free cash flow	-9452000	Operating Cash Flow: -3431000 Open source Capital Expenditure: 6021000 Open source

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

85% 2023

Values and sources

Liabilities to assets values and source evidence
Period	Series	Value	Source evidence
20182018-12-31	Liabilities / assets	12.7%	Total Liabilities: 102345000 Open source Total Assets: 807354000 Open source
20192019-12-31	Liabilities / assets	40.1%	Total Liabilities: 475580000 Open source Total Assets: 1186830000 Open source
20202020-12-31	Liabilities / assets	39.1%	Total Liabilities: 603274000 Open source Total Assets: 1544264000 Open source
20212021-12-31	Liabilities / assets	60.7%	Total Liabilities: 1279851000 Open source Total Assets: 2109006000 Open source
20222022-12-31	Liabilities / assets	72.3%	Total Liabilities: 1309343000 Open source Total Assets: 1810859000 Open source
20232023-12-31	Liabilities / assets	85%	Total Liabilities: 1240638000 Open source Total Assets: 1459683000 Open source

Current assets to current liabilities

Current assets divided by current liabilities.

0.97× 2023

Values and sources

Current assets to current liabilities values and source evidence
Period	Series	Value	Source evidence
20182018-12-31	Current assets / current liabilities	7.62×	Current Assets: 521680000 Open source Current Liabilities: 68480000 Open source
20192019-12-31	Current assets / current liabilities	1.67×	Current Assets: 260948000 Open source Current Liabilities: 155954000 Open source
20202020-12-31	Current assets / current liabilities	2.55×	Current Assets: 604882000 Open source Current Liabilities: 237369000 Open source
20212021-12-31	Current assets / current liabilities	1.18×	Current Assets: 393852000 Open source Current Liabilities: 333507000 Open source
20222022-12-31	Current assets / current liabilities	1.16×	Current Assets: 322307000 Open source Current Liabilities: 278992000 Open source
20232023-12-31	Current assets / current liabilities	0.97×	Current Assets: 251464000 Open source Current Liabilities: 259339000 Open source

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
Period	Net income	Operating cash flow	Capital expenditure	Free cash flow
2016 2016-01-01 – 2016-12-31	−USD 20.68 million Exact value Exact value: -20684000 USD 2016-01-01 – 2016-12-31: -20684000 USD Inspect Net Income Open source Share or cite Citation for Net Income · 2U, INC. · 2016-12-31 2U, INC. (edgar:1459417) Net Income: -20684000 USD Concept: fundies:NetIncome Period: 2016-01-01 to 2016-12-31 Values: Latest reported Published: 2026-11-02T01:37:29Z Snapshot: bf7e715003eaa5b1649e239dabfc22dea1e79033a88cd407b508c985203d2bc3 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1459417/explain?concept=fundies%3ANetIncome&period=2016-12-31&surface=latest&period_type=duration&start=2016-01-01&unit=USD&dimensions= Input fundies:NetIncome: -20684000 USD (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1459417/000110465919010491/twou-20181231.xml#270587 Filing: 000110465919010491 The citation records this snapshot. The page link may show a newer release later.	USD 5.21 million Exact value Exact value: 5210000 USD 2016-01-01 – 2016-12-31: 5210000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · 2U, INC. · 2016-12-31 2U, INC. (edgar:1459417) Operating Cash Flow: 5210000 USD Concept: fundies:OperatingCashFlow Period: 2016-01-01 to 2016-12-31 Values: Latest reported Published: 2026-11-02T01:37:29Z Snapshot: bf7e715003eaa5b1649e239dabfc22dea1e79033a88cd407b508c985203d2bc3 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1459417/explain?concept=fundies%3AOperatingCashFlow&period=2016-12-31&surface=latest&period_type=duration&start=2016-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 5210000 USD (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1459417/000110465919010491/twou-20181231.xml#269956 Filing: 000110465919010491 The citation records this snapshot. The page link may show a newer release later.	Unavailable Not reported for this period.	Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.
2017 2017-01-01 – 2017-12-31	−USD 29.42 million Exact value Exact value: -29423000 USD 2017-01-01 – 2017-12-31: -29423000 USD Inspect Net Income Open source Share or cite Citation for Net Income · 2U, INC. · 2017-12-31 2U, INC. (edgar:1459417) Net Income: -29423000 USD Concept: fundies:NetIncome Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T01:37:29Z Snapshot: bf7e715003eaa5b1649e239dabfc22dea1e79033a88cd407b508c985203d2bc3 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1459417/explain?concept=fundies%3ANetIncome&period=2017-12-31&surface=latest&period_type=duration&start=2017-01-01&unit=USD&dimensions= Input fundies:NetIncome: -29423000 USD (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1459417/000145941720000003/a2u201910-k.htm#2199148 Filing: 000145941720000003 The citation records this snapshot. The page link may show a newer release later.	USD 8.11 million Exact value Exact value: 8106000 USD 2017-01-01 – 2017-12-31: 8106000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · 2U, INC. · 2017-12-31 2U, INC. (edgar:1459417) Operating Cash Flow: 8106000 USD Concept: fundies:OperatingCashFlow Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T01:37:29Z Snapshot: bf7e715003eaa5b1649e239dabfc22dea1e79033a88cd407b508c985203d2bc3 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1459417/explain?concept=fundies%3AOperatingCashFlow&period=2017-12-31&surface=latest&period_type=duration&start=2017-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 8106000 USD (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1459417/000145941720000003/a2u201910-k.htm#1385482 Filing: 000145941720000003 The citation records this snapshot. The page link may show a newer release later.	USD 27.32 million Exact value Exact value: 27316000 USD 2017-01-01 – 2017-12-31: 27316000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · 2U, INC. · 2017-12-31 2U, INC. (edgar:1459417) Capital Expenditure: 27316000 USD Concept: fundies:CapitalExpenditure Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T01:37:29Z Snapshot: bf7e715003eaa5b1649e239dabfc22dea1e79033a88cd407b508c985203d2bc3 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1459417/explain?concept=fundies%3ACapitalExpenditure&period=2017-12-31&surface=latest&period_type=duration&start=2017-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 27316000 USD (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1459417/000145941720000003/a2u201910-k.htm#1395894 Filing: 000145941720000003 The citation records this snapshot. The page link may show a newer release later.	−USD 19.21 million Calculation and evidence 8106000 − 27316000 USD Exact free cash flow: -19210000 USD 2017-01-01 – 2017-12-31: 8106000 USD · Inspect Operating Cash Flow · Source 2017-01-01 – 2017-12-31: 27316000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · 2U, INC. · 2017-12-31 2U, INC. (edgar:1459417) Free cash flow: -19210000 USD Concept: free-cash-flow Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T01:37:29Z Snapshot: bf7e715003eaa5b1649e239dabfc22dea1e79033a88cd407b508c985203d2bc3 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1459417?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 8106000 USD (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1459417/000145941720000003/a2u201910-k.htm#1385482 Filing: 000145941720000003 Input fundies:CapitalExpenditure: 27316000 USD (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1459417/000145941720000003/a2u201910-k.htm#1395894 Filing: 000145941720000003 The citation records this snapshot. The page link may show a newer release later.
2018 2018-01-01 – 2018-12-31	−USD 38.33 million Exact value Exact value: -38330000 USD 2018-01-01 – 2018-12-31: -38330000 USD Inspect Net Income Open source Share or cite Citation for Net Income · 2U, INC. · 2018-12-31 2U, INC. (edgar:1459417) Net Income: -38330000 USD Concept: fundies:NetIncome Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T01:37:29Z Snapshot: bf7e715003eaa5b1649e239dabfc22dea1e79033a88cd407b508c985203d2bc3 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1459417/explain?concept=fundies%3ANetIncome&period=2018-12-31&surface=latest&period_type=duration&start=2018-01-01&unit=USD&dimensions= Input fundies:NetIncome: -38330000 USD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1459417/000145941721000003/twou-20201231.htm#2249189 Filing: 000145941721000003 The citation records this snapshot. The page link may show a newer release later.	−USD 3.12 million Exact value Exact value: -3120000 USD 2018-01-01 – 2018-12-31: -3120000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · 2U, INC. · 2018-12-31 2U, INC. (edgar:1459417) Operating Cash Flow: -3120000 USD Concept: fundies:OperatingCashFlow Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T01:37:29Z Snapshot: bf7e715003eaa5b1649e239dabfc22dea1e79033a88cd407b508c985203d2bc3 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1459417/explain?concept=fundies%3AOperatingCashFlow&period=2018-12-31&surface=latest&period_type=duration&start=2018-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: -3120000 USD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1459417/000145941721000003/twou-20201231.htm#1312568 Filing: 000145941721000003 The citation records this snapshot. The page link may show a newer release later.	USD 12 million Exact value Exact value: 11996000 USD 2018-01-01 – 2018-12-31: 11996000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · 2U, INC. · 2018-12-31 2U, INC. (edgar:1459417) Capital Expenditure: 11996000 USD Concept: fundies:CapitalExpenditure Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T01:37:29Z Snapshot: bf7e715003eaa5b1649e239dabfc22dea1e79033a88cd407b508c985203d2bc3 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1459417/explain?concept=fundies%3ACapitalExpenditure&period=2018-12-31&surface=latest&period_type=duration&start=2018-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 11996000 USD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1459417/000145941721000003/twou-20201231.htm#1323224 Filing: 000145941721000003 The citation records this snapshot. The page link may show a newer release later.	−USD 15.12 million Calculation and evidence -3120000 − 11996000 USD Exact free cash flow: -15116000 USD 2018-01-01 – 2018-12-31: -3120000 USD · Inspect Operating Cash Flow · Source 2018-01-01 – 2018-12-31: 11996000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · 2U, INC. · 2018-12-31 2U, INC. (edgar:1459417) Free cash flow: -15116000 USD Concept: free-cash-flow Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T01:37:29Z Snapshot: bf7e715003eaa5b1649e239dabfc22dea1e79033a88cd407b508c985203d2bc3 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1459417?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: -3120000 USD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1459417/000145941721000003/twou-20201231.htm#1312568 Filing: 000145941721000003 Input fundies:CapitalExpenditure: 11996000 USD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1459417/000145941721000003/twou-20201231.htm#1323224 Filing: 000145941721000003 The citation records this snapshot. The page link may show a newer release later.
2019 2019-01-01 – 2019-12-31	−USD 235.22 million Exact value Exact value: -235222000 USD 2019-01-01 – 2019-12-31: -235222000 USD Inspect Net Income Open source Share or cite Citation for Net Income · 2U, INC. · 2019-12-31 2U, INC. (edgar:1459417) Net Income: -235222000 USD Concept: fundies:NetIncome Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T01:37:29Z Snapshot: bf7e715003eaa5b1649e239dabfc22dea1e79033a88cd407b508c985203d2bc3 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1459417/explain?concept=fundies%3ANetIncome&period=2019-12-31&surface=latest&period_type=duration&start=2019-01-01&unit=USD&dimensions= Input fundies:NetIncome: -235222000 USD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1459417/000145941722000004/twou-20211231.htm#2362623 Filing: 000145941722000004 The citation records this snapshot. The page link may show a newer release later.	−USD 51.97 million Exact value Exact value: -51974000 USD 2019-01-01 – 2019-12-31: -51974000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · 2U, INC. · 2019-12-31 2U, INC. (edgar:1459417) Operating Cash Flow: -51974000 USD Concept: fundies:OperatingCashFlow Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T01:37:29Z Snapshot: bf7e715003eaa5b1649e239dabfc22dea1e79033a88cd407b508c985203d2bc3 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1459417/explain?concept=fundies%3AOperatingCashFlow&period=2019-12-31&surface=latest&period_type=duration&start=2019-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: -51974000 USD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1459417/000145941722000004/twou-20211231.htm#1302725 Filing: 000145941722000004 The citation records this snapshot. The page link may show a newer release later.	USD 13.42 million Exact value Exact value: 13421000 USD 2019-01-01 – 2019-12-31: 13421000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · 2U, INC. · 2019-12-31 2U, INC. (edgar:1459417) Capital Expenditure: 13421000 USD Concept: fundies:CapitalExpenditure Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T01:37:29Z Snapshot: bf7e715003eaa5b1649e239dabfc22dea1e79033a88cd407b508c985203d2bc3 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1459417/explain?concept=fundies%3ACapitalExpenditure&period=2019-12-31&surface=latest&period_type=duration&start=2019-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 13421000 USD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1459417/000145941722000004/twou-20211231.htm#1313443 Filing: 000145941722000004 The citation records this snapshot. The page link may show a newer release later.	−USD 65.4 million Calculation and evidence -51974000 − 13421000 USD Exact free cash flow: -65395000 USD 2019-01-01 – 2019-12-31: -51974000 USD · Inspect Operating Cash Flow · Source 2019-01-01 – 2019-12-31: 13421000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · 2U, INC. · 2019-12-31 2U, INC. (edgar:1459417) Free cash flow: -65395000 USD Concept: free-cash-flow Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T01:37:29Z Snapshot: bf7e715003eaa5b1649e239dabfc22dea1e79033a88cd407b508c985203d2bc3 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1459417?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: -51974000 USD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1459417/000145941722000004/twou-20211231.htm#1302725 Filing: 000145941722000004 Input fundies:CapitalExpenditure: 13421000 USD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1459417/000145941722000004/twou-20211231.htm#1313443 Filing: 000145941722000004 The citation records this snapshot. The page link may show a newer release later.
2020 2020-01-01 – 2020-12-31	−USD 216.48 million Exact value Exact value: -216484000 USD 2020-01-01 – 2020-12-31: -216484000 USD Inspect Net Income Open source Share or cite Citation for Net Income · 2U, INC. · 2020-12-31 2U, INC. (edgar:1459417) Net Income: -216484000 USD Concept: fundies:NetIncome Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T01:37:29Z Snapshot: bf7e715003eaa5b1649e239dabfc22dea1e79033a88cd407b508c985203d2bc3 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1459417/explain?concept=fundies%3ANetIncome&period=2020-12-31&surface=latest&period_type=duration&start=2020-01-01&unit=USD&dimensions= Input fundies:NetIncome: -216484000 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1459417/000145941723000004/twou-20221231.htm#2656595 Filing: 000145941723000004 The citation records this snapshot. The page link may show a newer release later.	USD 29.6 million Exact value Exact value: 29604000 USD 2020-01-01 – 2020-12-31: 29604000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · 2U, INC. · 2020-12-31 2U, INC. (edgar:1459417) Operating Cash Flow: 29604000 USD Concept: fundies:OperatingCashFlow Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T01:37:29Z Snapshot: bf7e715003eaa5b1649e239dabfc22dea1e79033a88cd407b508c985203d2bc3 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1459417/explain?concept=fundies%3AOperatingCashFlow&period=2020-12-31&surface=latest&period_type=duration&start=2020-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 29604000 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1459417/000145941723000004/twou-20221231.htm#1373211 Filing: 000145941723000004 The citation records this snapshot. The page link may show a newer release later.	USD 6.52 million Exact value Exact value: 6517000 USD 2020-01-01 – 2020-12-31: 6517000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · 2U, INC. · 2020-12-31 2U, INC. (edgar:1459417) Capital Expenditure: 6517000 USD Concept: fundies:CapitalExpenditure Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T01:37:29Z Snapshot: bf7e715003eaa5b1649e239dabfc22dea1e79033a88cd407b508c985203d2bc3 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1459417/explain?concept=fundies%3ACapitalExpenditure&period=2020-12-31&surface=latest&period_type=duration&start=2020-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 6517000 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1459417/000145941723000004/twou-20221231.htm#1383946 Filing: 000145941723000004 The citation records this snapshot. The page link may show a newer release later.	USD 23.09 million Calculation and evidence 29604000 − 6517000 USD Exact free cash flow: 23087000 USD 2020-01-01 – 2020-12-31: 29604000 USD · Inspect Operating Cash Flow · Source 2020-01-01 – 2020-12-31: 6517000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · 2U, INC. · 2020-12-31 2U, INC. (edgar:1459417) Free cash flow: 23087000 USD Concept: free-cash-flow Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T01:37:29Z Snapshot: bf7e715003eaa5b1649e239dabfc22dea1e79033a88cd407b508c985203d2bc3 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1459417?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 29604000 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1459417/000145941723000004/twou-20221231.htm#1373211 Filing: 000145941723000004 Input fundies:CapitalExpenditure: 6517000 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1459417/000145941723000004/twou-20221231.htm#1383946 Filing: 000145941723000004 The citation records this snapshot. The page link may show a newer release later.
2021 2021-01-01 – 2021-12-31	−USD 194.77 million Exact value Exact value: -194766000 USD 2021-01-01 – 2021-12-31: -194766000 USD Inspect Net Income Open source Share or cite Citation for Net Income · 2U, INC. · 2021-12-31 2U, INC. (edgar:1459417) Net Income: -194766000 USD Concept: fundies:NetIncome Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T01:37:29Z Snapshot: bf7e715003eaa5b1649e239dabfc22dea1e79033a88cd407b508c985203d2bc3 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1459417/explain?concept=fundies%3ANetIncome&period=2021-12-31&surface=latest&period_type=duration&start=2021-01-01&unit=USD&dimensions= Input fundies:NetIncome: -194766000 USD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1459417/000145941724000011/twou-20231231.htm#2178455 Filing: 000145941724000011 The citation records this snapshot. The page link may show a newer release later.	−USD 18.07 million Exact value Exact value: -18074000 USD 2021-01-01 – 2021-12-31: -18074000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · 2U, INC. · 2021-12-31 2U, INC. (edgar:1459417) Operating Cash Flow: -18074000 USD Concept: fundies:OperatingCashFlow Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T01:37:29Z Snapshot: bf7e715003eaa5b1649e239dabfc22dea1e79033a88cd407b508c985203d2bc3 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1459417/explain?concept=fundies%3AOperatingCashFlow&period=2021-12-31&surface=latest&period_type=duration&start=2021-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: -18074000 USD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1459417/000145941724000011/twou-20231231.htm#1271917 Filing: 000145941724000011 The citation records this snapshot. The page link may show a newer release later.	USD 9.79 million Exact value Exact value: 9788000 USD 2021-01-01 – 2021-12-31: 9788000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · 2U, INC. · 2021-12-31 2U, INC. (edgar:1459417) Capital Expenditure: 9788000 USD Concept: fundies:CapitalExpenditure Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T01:37:29Z Snapshot: bf7e715003eaa5b1649e239dabfc22dea1e79033a88cd407b508c985203d2bc3 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1459417/explain?concept=fundies%3ACapitalExpenditure&period=2021-12-31&surface=latest&period_type=duration&start=2021-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 9788000 USD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1459417/000145941724000011/twou-20231231.htm#1279146 Filing: 000145941724000011 The citation records this snapshot. The page link may show a newer release later.	−USD 27.86 million Calculation and evidence -18074000 − 9788000 USD Exact free cash flow: -27862000 USD 2021-01-01 – 2021-12-31: -18074000 USD · Inspect Operating Cash Flow · Source 2021-01-01 – 2021-12-31: 9788000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · 2U, INC. · 2021-12-31 2U, INC. (edgar:1459417) Free cash flow: -27862000 USD Concept: free-cash-flow Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T01:37:29Z Snapshot: bf7e715003eaa5b1649e239dabfc22dea1e79033a88cd407b508c985203d2bc3 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1459417?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: -18074000 USD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1459417/000145941724000011/twou-20231231.htm#1271917 Filing: 000145941724000011 Input fundies:CapitalExpenditure: 9788000 USD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1459417/000145941724000011/twou-20231231.htm#1279146 Filing: 000145941724000011 The citation records this snapshot. The page link may show a newer release later.
2022 2022-01-01 – 2022-12-31	−USD 322.15 million Exact value Exact value: -322151000 USD 2022-01-01 – 2022-12-31: -322151000 USD Inspect Net Income Open source Share or cite Citation for Net Income · 2U, INC. · 2022-12-31 2U, INC. (edgar:1459417) Net Income: -322151000 USD Concept: fundies:NetIncome Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T01:37:29Z Snapshot: bf7e715003eaa5b1649e239dabfc22dea1e79033a88cd407b508c985203d2bc3 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1459417/explain?concept=fundies%3ANetIncome&period=2022-12-31&surface=latest&period_type=duration&start=2022-01-01&unit=USD&dimensions= Input fundies:NetIncome: -322151000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1459417/000145941724000011/twou-20231231.htm#2177670 Filing: 000145941724000011 The citation records this snapshot. The page link may show a newer release later.	USD 10.93 million Exact value Exact value: 10927000 USD 2022-01-01 – 2022-12-31: 10927000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · 2U, INC. · 2022-12-31 2U, INC. (edgar:1459417) Operating Cash Flow: 10927000 USD Concept: fundies:OperatingCashFlow Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T01:37:29Z Snapshot: bf7e715003eaa5b1649e239dabfc22dea1e79033a88cd407b508c985203d2bc3 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1459417/explain?concept=fundies%3AOperatingCashFlow&period=2022-12-31&surface=latest&period_type=duration&start=2022-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 10927000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1459417/000145941724000011/twou-20231231.htm#1271259 Filing: 000145941724000011 The citation records this snapshot. The page link may show a newer release later.	USD 11.76 million Exact value Exact value: 11755000 USD 2022-01-01 – 2022-12-31: 11755000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · 2U, INC. · 2022-12-31 2U, INC. (edgar:1459417) Capital Expenditure: 11755000 USD Concept: fundies:CapitalExpenditure Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T01:37:29Z Snapshot: bf7e715003eaa5b1649e239dabfc22dea1e79033a88cd407b508c985203d2bc3 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1459417/explain?concept=fundies%3ACapitalExpenditure&period=2022-12-31&surface=latest&period_type=duration&start=2022-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 11755000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1459417/000145941724000011/twou-20231231.htm#1278551 Filing: 000145941724000011 The citation records this snapshot. The page link may show a newer release later.	−USD 828,000 Calculation and evidence 10927000 − 11755000 USD Exact free cash flow: -828000 USD 2022-01-01 – 2022-12-31: 10927000 USD · Inspect Operating Cash Flow · Source 2022-01-01 – 2022-12-31: 11755000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · 2U, INC. · 2022-12-31 2U, INC. (edgar:1459417) Free cash flow: -828000 USD Concept: free-cash-flow Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T01:37:29Z Snapshot: bf7e715003eaa5b1649e239dabfc22dea1e79033a88cd407b508c985203d2bc3 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1459417?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 10927000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1459417/000145941724000011/twou-20231231.htm#1271259 Filing: 000145941724000011 Input fundies:CapitalExpenditure: 11755000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1459417/000145941724000011/twou-20231231.htm#1278551 Filing: 000145941724000011 The citation records this snapshot. The page link may show a newer release later.
2023 2023-01-01 – 2023-12-31	−USD 317.61 million Exact value Exact value: -317607000 USD 2023-01-01 – 2023-12-31: -317607000 USD Inspect Net Income Open source Share or cite Citation for Net Income · 2U, INC. · 2023-12-31 2U, INC. (edgar:1459417) Net Income: -317607000 USD Concept: fundies:NetIncome Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T01:37:29Z Snapshot: bf7e715003eaa5b1649e239dabfc22dea1e79033a88cd407b508c985203d2bc3 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1459417/explain?concept=fundies%3ANetIncome&period=2023-12-31&surface=latest&period_type=duration&start=2023-01-01&unit=USD&dimensions= Input fundies:NetIncome: -317607000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1459417/000145941724000011/twou-20231231.htm#2176885 Filing: 000145941724000011 The citation records this snapshot. The page link may show a newer release later.	−USD 3.43 million Exact value Exact value: -3431000 USD 2023-01-01 – 2023-12-31: -3431000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · 2U, INC. · 2023-12-31 2U, INC. (edgar:1459417) Operating Cash Flow: -3431000 USD Concept: fundies:OperatingCashFlow Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T01:37:29Z Snapshot: bf7e715003eaa5b1649e239dabfc22dea1e79033a88cd407b508c985203d2bc3 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1459417/explain?concept=fundies%3AOperatingCashFlow&period=2023-12-31&surface=latest&period_type=duration&start=2023-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: -3431000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1459417/000145941724000011/twou-20231231.htm#1270599 Filing: 000145941724000011 The citation records this snapshot. The page link may show a newer release later.	USD 6.02 million Exact value Exact value: 6021000 USD 2023-01-01 – 2023-12-31: 6021000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · 2U, INC. · 2023-12-31 2U, INC. (edgar:1459417) Capital Expenditure: 6021000 USD Concept: fundies:CapitalExpenditure Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T01:37:29Z Snapshot: bf7e715003eaa5b1649e239dabfc22dea1e79033a88cd407b508c985203d2bc3 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1459417/explain?concept=fundies%3ACapitalExpenditure&period=2023-12-31&surface=latest&period_type=duration&start=2023-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 6021000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1459417/000145941724000011/twou-20231231.htm#1277957 Filing: 000145941724000011 The citation records this snapshot. The page link may show a newer release later.	−USD 9.45 million Calculation and evidence -3431000 − 6021000 USD Exact free cash flow: -9452000 USD 2023-01-01 – 2023-12-31: -3431000 USD · Inspect Operating Cash Flow · Source 2023-01-01 – 2023-12-31: 6021000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · 2U, INC. · 2023-12-31 2U, INC. (edgar:1459417) Free cash flow: -9452000 USD Concept: free-cash-flow Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T01:37:29Z Snapshot: bf7e715003eaa5b1649e239dabfc22dea1e79033a88cd407b508c985203d2bc3 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1459417?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: -3431000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1459417/000145941724000011/twou-20231231.htm#1270599 Filing: 000145941724000011 Input fundies:CapitalExpenditure: 6021000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1459417/000145941724000011/twou-20231231.htm#1277957 Filing: 000145941724000011 The citation records this snapshot. The page link may show a newer release later.

Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

127 filings · 4,085 latest values · 4,085 originally reported values

Dataset published 2026-11-02. Source filing dates and reporting periods are shown separately.

Identifiers: 0001459417, 1459417, TWOU, edgar:1459417

Also known as 2U, INC., 2U, Inc., 2U, LLC, 2U, INC., 2tor, Inc.

2U, INC.

Latest quarter

Revenue

Operating margin

Operating cash flow

Free cash flow

Reported share-count change

Trailing twelve months

Revenue

Capital expenditure

Company performance

What changed year over year

Revenue

Net income

Operating cash flow

Capital expenditure

Where revenue goes

2023 2023-01-01 – 2023-12-31

Cash

Share of revenue by period

Growth

Profit and cash

Balance sheet

Cash generation