Market Summary
USD8.29-0.11
Market Closed-1.31%
TWOU Stock Price
TWOU RSI Chart
TWOU Valuation
TWOU Price/Sales (Trailing)
TWOU Profitability
TWOU Fundamentals
TWOU Revenue
TWOU Earnings
Price Action
52 Week Range
4.7014.12
(Low)(High)
Last 7 days
-8.6%
Last 30 days
-23.5%
Last 90 days
12.3%
Trailing 12 Months
-20.5%
TWOU Financial Health
TWOU Investor Care
Peers (Alternatives to 2U)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
MSFT | 2.1T | 204.1B | -1.92% | -6.89% | 30.5 | 10.08 | 10.38% | -5.25% |
ORCL | 228.6B | 46.1B | -7.20% | 4.35% | 25.98 | 4.96 | 11.29% | -14.28% |
CRM | 186.7B | 31.4B | 6.91% | -6.75% | 897.78 | 5.96 | 19.41% | -85.60% |
ADBE | 163.2B | 17.6B | -11.04% | -20.88% | 34.32 | 9.27 | 11.54% | -1.37% |
ZM | 20.9B | 4.4B | -7.13% | -28.23% | 201.15 | 4.75 | 7.15% | -92.46% |
AZPN | 12.1B | - | -3.12% | 49.09% | 44.35 | 17.39 | - | - |
| MID-CAP | ||||||||
PLAN | 9.6B | 631.5M | -1.97% | 16.85% | -45.68 | 15.19 | 33.30% | -26.60% |
MANH | 8.9B | 767.1M | -2.98% | 9.04% | 69.2 | 11.63 | 15.59% | 16.73% |
GWRE | 6.5B | 869.9M | 3.14% | -9.62% | -33 | 7.53 | 13.87% | -103.37% |
APPN | 3.1B | 468.0M | 2.00% | -15.48% | -20.53 | 6.62 | 26.74% | -70.26% |
PING | 2.4B | 308.3M | 1.17% | 7.67% | -23.16 | 7.93 | 13.75% | -237.98% |
| SMALL-CAP | ||||||||
ZUO | 1.2B | 383.7M | 4.07% | -32.35% | -9.91 | 3.24 | 14.43% | -50.89% |
YEXT | 1.2B | 399.9M | 30.95% | 57.36% | -14.32 | 2.91 | 4.73% | 8.15% |
UPLD | 152.1M | 317.3M | -43.48% | -70.17% | -2.22 | 0.48 | 5.06% | -17.52% |
Financials for 2U
| Income Statement (Last 12 Months) | ||||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Revenue | -0.8% | 963,080,000 | 970,655,000 | 970,793,000 | 966,538,000 | 945,682,000 |
| S&GA Expenses | -6.5% | 422,147,000 | 451,558,000 | 475,547,000 | 473,841,000 | 456,096,000 |
| EBITDA | 30.5% | -132,667,000 | -190,933,000 | -131,740,000 | -214,412,000 | - |
| EBITDA Margin | 30.0% | -0.14 | -0.20 | -0.14 | -0.22 | - |
| Earnings Before Taxes | 14.7% | -323,054,000 | -378,791,000 | -317,485,000 | -276,427,000 | -195,962,000 |
| EBT Margin | 14.0% | -0.34 | -0.39 | -0.33 | -0.29 | - |
| Interest Expenses | 0.5% | 62,234,000 | 61,917,000 | 62,949,000 | 57,231,000 | 51,222,000 |
| Net Income | 14.7% | -322,151,000 | -377,569,000 | -316,003,000 | -274,982,000 | -194,766,000 |
| Net Income Margin | 14.0% | -0.33 | -0.39 | -0.33 | -0.28 | - |
| Free Cahsflow | 97.2% | -828,000 | -29,548,000 | 210,000 | -36,486,000 | - |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Assets | -5.2% | 1,811 | 1,910 | 2,033 | 2,073 | 2,109 |
| Current Assets | -18.4% | 322 | 395 | 419 | 429 | 394 |
| Cash Equivalents | -1.6% | 168 | 170 | 221 | 217 | 233 |
| Net PPE | 0.8% | 46.00 | 46.00 | 51.00 | 50.00 | 49.00 |
| Goodwill | 0.3% | 735 | 733 | 788 | 805 | 835 |
| Liabilities | -7.5% | 1,309 | 1,416 | 1,428 | 1,420 | 1,280 |
| Current Liabilities | -27.2% | 279 | 383 | 404 | 392 | 334 |
| Long Term Debt | 0.1% | 936 | 935 | 934 | 853 | - |
| LT Debt, Current | 3.7% | 8.00 | 7.00 | 7.00 | 7.00 | - |
| LT Debt, Non Current | 0.0% | 929 | 928 | 928 | 927 | 845 |
| Shareholder's Equity | 1.5% | 502 | 494 | 606 | 653 | 829 |
| Retained Earnings | -1.0% | -1,179 | -1,168 | -1,046 | -983 | -890 |
| Additional Paid-In Capital | 1.0% | 1,701 | 1,684 | 1,668 | 1,645 | 1,736 |
| Shares Outstanding | 0.6% | 78.00 | 78.00 | 77.00 | 77.00 | 76.00 |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Cashflow From Operations | 166.7% | 11.00 | -16.38 | 13.00 | -25.77 | -18.07 |
| Share Based Compensation | -6.5% | 80.00 | 86.00 | 95.00 | 97.00 | 98.00 |
| Cashflow From Investing | 91.7% | -69.35 | -834 | -833 | -792 | -793 |
| Cashflow From Financing | -107.7% | -6.92 | 90.00 | 91.00 | 549 | 545 |
Risks for TWOU
What is the probability of a big loss on TWOU?
93.8%
Probability that 2U stock will be more than 20% underwater in next one year
90%
Probability that 2U stock will be more than 30% underwater in next one year.
76.5%
Probability that 2U stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does TWOU drawdown profile look like?
Y-axis is the maximum loss one would have experienced if 2U was unfortunately bought at previous high price.
Drawdowns
Returns for TWOU
Cumulative Returns on TWOU
-13.1%
7-Year Cumulative Returns
-37.7%
5-Year Cumulative Returns
-30.4%
3-Year Cumulative Returns
What are the long-term rolling returns for TWOU?
FIve years rolling returns for 2U.
Annualized Returns
Which funds bought or sold TWOU recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-03-10 | VICTORY CAPITAL MANAGEMENT INC | unchanged | - | 3,492 | 957,492 | -% |
2023-03-10 | BAILLIE GIFFORD & CO | unchanged | - | - | 2,000 | -% |
2023-03-06 | Rockefeller Capital Management L.P. | reduced | -3.34 | -1,000 | 55,000 | -% |
2023-02-28 | Voya Investment Management LLC | reduced | -1.78 | -2,144 | 199,856 | -% |
2023-02-24 | NATIXIS | new | - | 10,628 | 10,628 | -% |
2023-02-24 | SRS Capital Advisors, Inc. | new | - | 897 | 897 | -% |
2023-02-21 | NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | new | - | 13.00 | 13.00 | -% |
2023-02-21 | MACQUARIE GROUP LTD | reduced | -36.07 | -9,855 | 12,145 | -% |
2023-02-16 | HARBOUR INVESTMENTS, INC. | unchanged | - | 201 | 201 | -% |
2023-02-16 | AXXCESS WEALTH MANAGEMENT, LLC | sold off | -100 | -75,000 | - | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
2U News
Schedule 13G FIlings of 2U
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 14, 2023 | arrowmark colorado holdings llc | 0.00% | 2,650 | SC 13G/A | |
| Feb 14, 2023 | greenvale capital llp | 6.2% | 4,847,164 | SC 13G/A | |
| Feb 09, 2023 | vanguard group inc | 9.45% | 7,388,597 | SC 13G/A | |
| Feb 08, 2023 | morgan stanley | 6.4% | 5,034,281 | SC 13G | |
| Feb 03, 2023 | sumitomo mitsui trust holdings, inc. | 7.05% | 5,517,725 | SC 13G/A | |
| Feb 03, 2023 | blackrock inc. | 8.0% | 6,220,507 | SC 13G/A | |
| Sep 12, 2022 | arrowmark colorado holdings llc | 3.48% | 2,699,310 | SC 13G/A | |
| Feb 14, 2022 | arrowmark colorado holdings llc | 10.34% | 7,796,784 | SC 13G/A | |
| Feb 14, 2022 | nikko asset management americas, inc. | 7.0% | 5,273,261 | SC 13G/A | |
| Feb 11, 2022 | greenvale capital llp | 6.5% | 4,900,000 | SC 13G |
TWOU Fair Value
2U fair value in different scenarios
The table shows the Fair Value estimates for 2U for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
| Fair Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very Optimistic |
|---|---|---|---|---|---|
| Very Low Inflation | 2.47 -70.21% | 4.20 -49.34% | 8.86 6.88% | 18.10 118.34% | 27.11 227.02% |
| Current Inflation | 2.35 -71.65% | 3.90 -52.96% | 7.96 -3.98% | 15.91 91.92% | 23.64 185.16% |
| Very High Inflation | 2.21 -73.34% | 3.53 -57.42% | 6.90 -16.77% | 13.36 61.16% | 19.60 136.43% |
Historical 2U Fair Value Estimates
Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price
Recent SEC filings of 2U
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Feb 23, 2023 | S-8 | Employee Benefits Plan | |
| Feb 21, 2023 | 10-K | Annual Report | |
| Feb 17, 2023 | 4 | Insider Trading | |
| Feb 17, 2023 | 4 | Insider Trading | |
| Feb 17, 2023 | 4 | Insider Trading | |
| Feb 14, 2023 | SC 13G/A | Major Ownership Report | |
| Feb 14, 2023 | SC 13G/A | Major Ownership Report | |
| Feb 10, 2023 | SC 13G/A | Major Ownership Report | |
| Feb 10, 2023 | SC 13G/A | Major Ownership Report | |
| Feb 09, 2023 | SC 13G/A | Major Ownership Report |
Latest Insider Trading transactions for TWOU
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-02-15 | Paucek Christopher J | acquired | - | - | 87,183 | chief executive officer |
2023-02-15 | Lalljie Paul S | acquired | - | - | 41,847 | chief financial officer |
2023-02-15 | Norden Matthew J. | acquired | - | - | 17,436 | chief legal officer |
2023-01-03 | Paucek Christopher J | sold (taxes) | -180,718 | 6.31 | -28,640 | chief executive officer |
2023-01-03 | Norden Matthew J. | sold (taxes) | -44,510 | 6.31 | -7,054 | chief legal officer |
2023-01-03 | Lalljie Paul S | sold (taxes) | -85,393 | 6.31 | -13,533 | chief financial officer |
2023-01-03 | Mokkarala Harsha | sold (taxes) | -50,013 | 6.31 | -7,926 | chief revenue officer |
2022-10-03 | CHERNIS MARK | sold (taxes) | -68,144 | 6.38 | -10,681 | chief operating officer |
2022-10-03 | Norden Matthew J. | sold (taxes) | -18,514 | 6.38 | -2,902 | chief legal officer |
2022-10-03 | Paucek Christopher J | sold (taxes) | -133,234 | 6.38 | -20,883 | chief executive officer |
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.
TWOU Income Statement
2022-12-31Consolidated Statements of Operations and Comprehensive Loss - USD ($) $ in Thousands | 12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
| Income Statement [Abstract] | |||
| Revenue | $ 963,080 | $ 945,682 | $ 774,533 |
| Costs and expenses | |||
| Curriculum and teaching | 129,886 | 130,817 | 107,968 |
| Servicing and support | 147,797 | 138,548 | 125,851 |
| Technology and content development | 190,472 | 179,061 | 155,949 |
| Marketing and sales | 422,147 | 456,096 | 390,148 |
| General and administrative | 159,418 | 200,054 | 166,741 |
| Restructuring charges | 33,239 | 8,544 | 6,811 |
| Impairment charges | 138,291 | 0 | 0 |
| Total costs and expenses | 1,221,250 | 1,113,120 | 953,468 |
| Loss from operations | (258,170) | (167,438) | (178,935) |
| Interest income | 1,165 | 1,475 | 1,354 |
| Interest expense | (62,234) | (51,222) | (27,317) |
| Loss on debt extinguishment | 0 | (1,101) | (11,671) |
| Other income (expense), net | (3,815) | 22,324 | (1,429) |
| Loss before income taxes | (323,054) | (195,962) | (217,998) |
| Income tax benefit | 903 | 1,196 | 1,514 |
| Net loss | $ (322,151) | $ (194,766) | $ (216,484) |
| Net income (loss) per share, basic (in dollars per share) | $ (4.17) | $ (2.61) | $ (3.22) |
| Net loss per share, diluted (in dollars per share) | $ (4.17) | $ (2.61) | $ (3.22) |
| Weighted-average shares of common stock outstanding, basic (in shares) | 77,327,850 | 74,580,115 | 67,142,976 |
| Weighted-average shares used in computing net loss per share, diluted (in shares) | 77,327,850 | 74,580,115 | 67,142,976 |
| Other comprehensive income (loss) | |||
| Foreign currency translation adjustments, net of tax of $0 for all periods presented | $ (3,534) | $ (6,127) | $ (2,980) |
| Comprehensive loss | $ (325,685) | $ (200,893) | $ (219,464) |
TWOU Balance Sheet
2022-12-31Consolidated Balance Sheets - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
|---|---|---|
| Current assets | ||
| Cash and cash equivalents | $ 167,518 | $ 232,932 |
| Restricted cash | 15,060 | 16,977 |
| Accounts receivable, net | 62,826 | 67,287 |
| Other receivables, net | 33,813 | 29,439 |
| Prepaid expenses and other assets | 43,090 | 47,217 |
| Total current assets | 322,307 | 393,852 |
| Other receivables, net, non-current | 14,788 | 21,568 |
| Property and equipment, net | 45,855 | 48,650 |
| Right-of-use assets | 72,361 | 76,841 |
| Goodwill | 734,620 | 834,539 |
| Intangible assets, net | 549,755 | 665,523 |
| Other assets, non-current | 71,173 | 68,033 |
| Total assets | 1,810,859 | 2,109,006 |
| Current liabilities | ||
| Accounts payable and accrued expenses | 110,020 | 164,723 |
| Deferred revenue | 90,161 | 91,926 |
| Lease liability | 13,909 | 13,985 |
| Accrued restructuring liability | 6,692 | 1,735 |
| Other current liabilities | 58,210 | 61,138 |
| Total current liabilities | 278,992 | 333,507 |
| Long-term debt | 928,564 | 845,316 |
| Deferred tax liabilities, net | 282 | 1,726 |
| Lease liability, non-current | 99,709 | 98,666 |
| Other liabilities, non-current | 1,796 | 636 |
| Total liabilities | 1,309,343 | 1,279,851 |
| Commitments and contingencies (Note 7) | ||
| Stockholders’ equity | ||
| Preferred stock, $0.001 par value, 5,000,000 shares authorized, none issued | 0 | 0 |
| Common stock, $0.001 par value, 200,000,000 shares authorized, 78,334,666 shares issued and outstanding as of December 31, 2022; 75,754,663 shares issued and outstanding as of December 31, 2021 | 78 | 76 |
| Additional paid-in capital | 1,700,855 | 1,735,628 |
| Accumulated deficit | (1,179,972) | (890,638) |
| Accumulated other comprehensive loss | (19,445) | (15,911) |
| Total stockholders’ equity | 501,516 | 829,155 |
| Total liabilities and stockholders’ equity | $ 1,810,859 | $ 2,109,006 |