Last 7 days
-14.7%
Last 30 days
-12.4%
Last 90 days
-31.3%
Trailing 12 Months
-62%
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
2023-08-17 | McCullough Aaron | bought | 143,498 | 3.14 | 45,700 | chief product officer |
2023-07-11 | McCullough Aaron | acquired | - | - | 215,054 | chief product officer |
2023-07-03 | Lalljie Paul S | sold (taxes) | -41,595 | 3.86 | -10,776 | chief financial officer |
2023-07-03 | Norden Matthew J. | sold (taxes) | -19,172 | 3.86 | -4,967 | chief legal officer |
2023-07-03 | Paucek Christopher J | sold (taxes) | -137,953 | 3.86 | -35,739 | chief executive officer |
2023-07-03 | Mokkarala Harsha | sold (taxes) | -22,079 | 3.86 | -5,720 | chief revenue officer |
2023-05-05 | HALEY TIMOTHY M | acquired | - | - | 21,246 | - |
2023-05-05 | STAVIS ROBERT M | acquired | - | - | 21,246 | - |
2023-05-05 | Peters Gregory K | acquired | - | - | 5,312 | - |
2023-05-05 | MAEDER PAUL A | acquired | - | - | 21,246 | - |
Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
2023-09-12 | Farther Finance Advisors, LLC | sold off | -100 | -30,476 | - | -% |
2023-08-21 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | reduced | -4.76 | -292,832 | 373,146 | -% |
2023-08-21 | OSAIC HOLDINGS, INC. | reduced | -8.74 | -50,685 | 59,237 | -% |
2023-08-16 | Nuveen Asset Management, LLC | reduced | -59.88 | -1,044,350 | 322,646 | -% |
2023-08-15 | ALLIANCEBERNSTEIN L.P. | reduced | -1.68 | -261,694 | 359,101 | -% |
2023-08-15 | PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO | unchanged | - | -261,000 | 373,000 | -% |
2023-08-15 | LAZARD ASSET MANAGEMENT LLC | sold off | -100 | -211,000 | - | -% |
2023-08-15 | Caxton Associates LP | sold off | -100 | -151,440 | - | -% |
2023-08-15 | WELLS FARGO & COMPANY/MN | added | 44.13 | -33,679 | 187,822 | -% |
2023-08-15 | GOLDMAN SACHS GROUP INC | reduced | -40.4 | -2,936,000 | 1,585,440 | -% |
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 | nikko asset management americas, inc. | 7.0% | 5,273,261 | SC 13G/A | |
Feb 14, 2022 | arrowmark colorado holdings llc | 10.34% | 7,796,784 | SC 13G/A | |
Feb 11, 2022 | greenvale capital llp | 6.5% | 4,900,000 | SC 13G |
Date Filed | Form Type | Document | |
---|---|---|---|
Aug 21, 2023 | 4 | Insider Trading | |
Aug 08, 2023 | 8-K | Current Report | |
Aug 08, 2023 | 10-Q | Quarterly Report | |
Jul 27, 2023 | 8-K | Current Report | |
Jul 13, 2023 | 4 | Insider Trading | |
Jul 13, 2023 | 3 | Insider Trading | |
Jul 11, 2023 | S-8 | Employee Benefits Plan | |
Jul 05, 2023 | 4 | Insider Trading | |
Jul 05, 2023 | 4 | Insider Trading | |
Jul 05, 2023 | 4 | Insider Trading |
Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|
LARGE-CAP | ||||||||
MSFT | 2.4T | 211.9B | -0.34% | 32.68% | 32.82 | 11.21 | 6.88% | -0.52% |
ORCL | 299.7B | 51.0B | -3.19% | 66.57% | 31.97 | 5.88 | 15.41% | 61.40% |
ADBE | 234.3B | 18.4B | 2.94% | 84.08% | 48.28 | 12.72 | 10.40% | -0.72% |
CRM | 203.4B | 33.1B | 1.91% | 42.21% | 128.89 | 6.15 | 14.81% | 194.40% |
ZM | 20.4B | 4.5B | 2.27% | -10.75% | 144.16 | 4.58 | 3.92% | -85.69% |
AZPN | - | - | 6.28% | -9.18% | - | - | - | - |
MID-CAP | ||||||||
MANH | 12.5B | 848.2M | 8.36% | 49.82% | 85.66 | 14.74 | 19.21% | 23.01% |
GWRE | 7.5B | 905.3M | 14.53% | 50.63% | -48.14 | 8.25 | 11.41% | -3.11% |
APPN | 3.1B | 506.6M | -3.17% | -3.38% | -19.95 | 6.21 | 20.13% | -27.36% |
SMALL-CAP | ||||||||
ZUO | 1.2B | 415.3M | -14.61% | 14.34% | -6.22 | 2.8 | 11.66% | -68.02% |
YEXT | 775.3M | 403.2M | -26.56% | 32.06% | -32.36 | 1.92 | 0.77% | 74.48% |
UPLD | 130.6M | 309.9M | 60.32% | -54.23% | -0.71 | 0.42 | -0.26% | -219.50% |
-31.4%
-49.3%
-57.2%
100%
100%
86.9%
Y-axis is the maximum loss one would have experienced if 2U was unfortunately bought at previous high price.
Income Statement (Last 12 Months) | ||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
Revenue | -2.0% | 928,880,000 | 948,255,000 | 963,080,000 | 970,655,000 | 970,793,000 | 966,538,000 | 945,682,000 | 917,352,000 | 886,049,000 | 831,527,000 | 774,533,000 | 722,417,000 | 675,142,000 | 627,916,000 | 574,671,000 | 526,588,000 | 479,753,000 | 441,715,000 | 411,769,000 | 383,352,000 | 346,639,000 |
S&GA Expenses | -5.2% | 370,872,000 | 391,340,000 | 422,147,000 | 451,558,000 | 475,547,000 | 473,841,000 | 456,096,000 | 438,731,000 | 420,499,000 | 404,196,000 | 390,174,000 | 379,788,000 | 373,241,000 | 364,649,000 | 342,395,000 | 309,264,000 | 276,291,000 | 244,918,000 | 221,015,000 | 209,682,000 | 190,445,000 |
EBITDA | 100.0% | - | -60,913,000 | -132,667,000 | -190,933,000 | -131,740,000 | -214,412,000 | -137,261,000 | -86,988,000 | -71,887,000 | -117,424,000 | -131,982,000 | -144,229,000 | -231,435,000 | -215,146,000 | -182,993,000 | - | - | - | - | - | - |
EBITDA Margin | 100.0% | - | -0.06 | -0.14 | -0.20 | -0.14 | -0.22 | -0.15 | -0.09 | -0.08 | -0.14 | -0.17 | -0.20 | -0.34 | -0.34 | -0.32 | - | - | - | - | - | - |
Interest Expenses | 6.0% | 70,311,000 | 66,301,000 | 62,234,000 | 61,917,000 | 62,949,000 | 57,231,000 | 51,222,000 | 40,756,000 | 31,375,000 | 29,705,000 | 27,317,000 | 24,864,000 | 22,951,000 | 18,857,000 | 13,419,000 | 8,157,000 | 2,533,000 | 136,000 | 108,000 | 131,000 | 140,000 |
Earnings Before Taxes | -44.0% | -361,400,000 | -250,972,000 | -323,054,000 | -378,791,000 | -317,485,000 | -276,427,000 | -195,962,000 | -165,544,000 | -157,831,000 | -202,403,000 | -217,998,000 | -225,933,000 | -313,615,000 | -293,748,000 | -255,082,000 | -204,384,000 | -74,344,000 | -49,593,000 | -43,197,000 | -48,183,000 | -53,538,000 |
EBT Margin | 100.0% | - | -0.26 | -0.34 | -0.39 | -0.33 | -0.29 | -0.21 | -0.18 | -0.18 | -0.24 | -0.28 | -0.31 | -0.46 | -0.47 | -0.44 | - | - | - | - | - | - |
Net Income | -44.2% | -361,235,000 | -250,433,000 | -322,151,000 | -377,569,000 | -316,003,000 | -274,982,000 | -194,766,000 | -165,162,000 | -157,606,000 | -201,942,000 | -216,484,000 | -223,411,000 | -311,969,000 | -273,774,000 | -235,222,000 | -185,806,000 | -54,638,000 | -45,013,000 | -38,330,000 | -42,653,000 | -47,448,000 |
Net Income Margin | 100.0% | - | -0.26 | -0.33 | -0.39 | -0.33 | -0.28 | -0.21 | -0.18 | -0.18 | -0.24 | -0.28 | -0.31 | -0.46 | -0.44 | -0.41 | - | - | - | - | - | - |
Free Cashflow | -100.0% | - | 27,263,000 | -828,000 | -29,548,000 | 210,000 | -36,486,000 | -27,862,000 | 26,928,000 | 29,339,000 | 42,175,000 | 23,087,000 | 19,198,000 | -20,209,000 | -42,002,000 | -65,395,000 | - | - | - | - | - | - |
Balance Sheet | (In Millions) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
Assets | -10.8% | 1,538 | 1,725 | 1,811 | 1,910 | 2,033 | 2,073 | 2,109 | 2,033 | 2,049 | 1,556 | 1,544 | 1,553 | 1,233 | 1,182 | 1,187 | 1,214 | 1,332 | 864 | 807 | 811 | 825 |
Current Assets | -12.4% | 226 | 258 | 322 | 395 | 419 | 429 | 394 | 1,115 | 1,136 | 638 | 605 | 636 | 325 | 275 | 261 | 295 | 348 | 522 | 522 | 532 | 554 |
Cash Equivalents | -43.4% | 53.00 | 94.00 | 168 | 170 | 238 | 234 | 250 | 951 | 971 | 505 | 519 | 500 | 213 | 157 | 190 | 171 | 233 | 424 | 450 | 442 | 489 |
Net PPE | -3.3% | 43.00 | 44.00 | 46.00 | 46.00 | 51.00 | 50.00 | 49.00 | 48.00 | 50.00 | 51.00 | 53.00 | 54.00 | 55.00 | 56.00 | 58.00 | 56.00 | 57.00 | 54.00 | 52.00 | 52.00 | 50.00 |
Goodwill | -2.7% | 713 | 732 | 735 | 733 | 788 | 805 | 835 | 414 | 417 | 415 | 416 | 408 | 406 | 405 | 418 | 414 | 489 | 61.00 | 62.00 | 63.00 | 65.00 |
Liabilities | -1.6% | 1,245 | 1,266 | 1,309 | 1,416 | 1,428 | 1,420 | 1,280 | 1,154 | 1,132 | 645 | 603 | 601 | 553 | 526 | 476 | 481 | 471 | 170 | 102 | 119 | 132 |
Current Liabilities | -5.8% | 296 | 314 | 279 | 383 | 404 | 392 | 334 | 300 | 292 | 275 | 237 | 247 | 213 | 203 | 156 | 165 | 159 | 102 | 68.00 | 84.00 | 97.00 |
LT Debt, Non Current | 0.2% | 856 | 854 | 929 | 928 | 928 | 927 | 845 | 743 | 742 | 280 | 273 | 268 | 263 | 245 | 247 | 246 | 245 | - | 4.00 | - | - |
Shareholder's Equity | -36.1% | 294 | 460 | 502 | 494 | 606 | 653 | 829 | 879 | 917 | 910 | 941 | 952 | 679 | 656 | 711 | 733 | 861 | 695 | 705 | 692 | 693 |
Retained Earnings | -14.1% | -1,407 | -1,234 | -1,179 | -1,168 | -1,046 | -983 | -890 | -823 | -763 | -741 | -695 | -658 | -605 | -539 | -479 | -434 | -293 | -265 | -244 | -249 | -239 |
Additional Paid-In Capital | 0.7% | 1,728 | 1,716 | 1,701 | 1,684 | 1,668 | 1,645 | 1,736 | 1,715 | 1,688 | 1,662 | 1,647 | 1,630 | 1,306 | 1,219 | 1,197 | 1,180 | 1,161 | 969 | 958 | 948 | 937 |
Shares Outstanding | 1.7% | 81.00 | 80.00 | 78.00 | 78.00 | 77.00 | 76.00 | 76.00 | 75.00 | 74.00 | 74.00 | 72.00 | 69.00 | 64.00 | 64.00 | 64.00 | 63.00 | 61.00 | 58.00 | 56.00 | 58.00 | 54.00 |
Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
Cashflow From Operations | -143.0% | -16.53 | 38.00 | 11.00 | -16.38 | 13.00 | -25.77 | -18.07 | 33.00 | 34.00 | 47.00 | 30.00 | 27.00 | -10.67 | -29.31 | -51.97 | -62.74 | -30.87 | -16.82 | -3.12 | 8.00 | -3.96 |
Share Based Compensation | -16.2% | 59.00 | 70.00 | 80.00 | 86.00 | 95.00 | 97.00 | 98.00 | 93.00 | 90.00 | 86.00 | 82.00 | 79.00 | 74.00 | 63.00 | 52.00 | 43.00 | 35.00 | 34.00 | 31.00 | 30.00 | 29.00 |
Cashflow From Investing | 11.5% | -59.20 | -66.86 | -69.35 | -834 | -833 | -792 | -793 | -29.59 | -27.09 | -65.28 | -69.32 | -68.68 | -80.54 | -476 | -451 | -452 | -465 | -72.83 | -102 | -99.98 | -168 |
Cashflow From Financing | -1.5% | -95.86 | -94.47 | -6.92 | 90.00 | 91.00 | 549 | 545 | 449 | 750 | 364 | 368 | 371 | 72.00 | 241 | 245 | 245 | 241 | 333 | 333 | 332 | 524 |
Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Income Statement [Abstract] | ||||
Total revenue | $ 222,089 | $ 241,464 | $ 460,593 | $ 494,793 |
Costs and expenses | ||||
Curriculum and teaching | 34,102 | 32,145 | 66,942 | 65,375 |
Servicing and support | 33,585 | 37,061 | 69,694 | 76,685 |
Technology and content development | 44,250 | 45,616 | 89,734 | 96,673 |
Marketing and sales | 95,882 | 116,350 | 196,057 | 247,332 |
General and administrative | 32,657 | 41,523 | 71,907 | 91,758 |
Restructuring charges | 3,622 | 16,753 | 8,497 | 17,540 |
Impairment charges | 134,117 | 0 | 134,117 | 58,782 |
Total costs and expenses | 378,215 | 289,448 | 636,948 | 654,145 |
Loss from operations | (156,126) | (47,984) | (176,355) | (159,352) |
Interest income | 371 | 241 | 736 | 498 |
Interest expense | (17,916) | (13,906) | (35,873) | (27,796) |
Debt modification expense and loss on debt extinguishment | 0 | 0 | (16,735) | 0 |
Other income (expense), net | 227 | (1,367) | 834 | (2,397) |
Loss before income taxes | (173,444) | (63,016) | (227,393) | (189,047) |
Income tax (expense) benefit | (210) | 164 | (323) | 415 |
Net loss | $ (173,654) | $ (62,852) | $ (227,716) | $ (188,632) |
Net loss per share, basic (in dollars per share) | $ (2.16) | $ (0.82) | $ (2.85) | $ (2.46) |
Net loss per share, diluted (in dollars per share) | $ (2.16) | $ (0.82) | $ (2.85) | $ (2.46) |
Weighted-average shares of common stock outstanding, basic (in shares) | 80,560,755 | 77,059,157 | 79,939,048 | 76,667,681 |
Weighted-average shares of common stock outstanding, diluted (in shares) | 80,560,755 | 77,059,157 | 79,939,048 | 76,667,681 |
Other comprehensive loss | ||||
Foreign currency translation adjustments, net of tax of $0 for all periods presented | $ (4,001) | $ (7,674) | $ (7,304) | $ (345) |
Comprehensive loss | $ (177,655) | $ (70,526) | $ (235,020) | $ (188,977) |
Condensed Consolidated Balance Sheets - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
---|---|---|
Current assets | ||
Cash and cash equivalents | $ 53,301 | $ 167,518 |
Restricted cash | 13,398 | 15,060 |
Accounts receivable, net | 87,347 | 62,826 |
Other receivables, net | 29,685 | 33,813 |
Prepaid expenses and other assets | 42,131 | 43,090 |
Total current assets | 225,862 | 322,307 |
Other receivables, net, non-current | 16,369 | 14,788 |
Property and equipment, net | 42,691 | 45,855 |
Right-of-use assets | 67,501 | 72,361 |
Goodwill | 712,858 | 734,620 |
Intangible assets, net | 403,440 | 549,755 |
Other assets, non-current | 69,696 | 71,173 |
Total assets | 1,538,417 | 1,810,859 |
Current liabilities | ||
Accounts payable and accrued expenses | 122,010 | 110,020 |
Deferred revenue | 107,189 | 90,161 |
Lease liability | 14,735 | 13,909 |
Accrued restructuring liability | 2,424 | 6,692 |
Other current liabilities | 49,477 | 58,210 |
Total current liabilities | 295,835 | 278,992 |
Long-term debt | 856,399 | 928,564 |
Deferred tax liabilities, net | 315 | 282 |
Lease liability, non-current | 90,404 | 99,709 |
Other liabilities, non-current | 1,946 | 1,796 |
Total liabilities | 1,244,899 | 1,309,343 |
Commitments and contingencies (Note 5) | ||
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, 80,957,654 shares issued and outstanding as of June 30, 2023; 78,334,666 shares issued and outstanding as of December 31, 2022 | 81 | 78 |
Additional paid-in capital | 1,727,874 | 1,700,855 |
Accumulated deficit | (1,407,688) | (1,179,972) |
Accumulated other comprehensive loss | (26,749) | (19,445) |
Total stockholders’ equity | 293,518 | 501,516 |
Total liabilities and stockholders’ equity | $ 1,538,417 | $ 1,810,859 |