2U, Inc. Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018 - 2011
Revenue	945.95	963.08	945.68	774.53	574.67	Upgrade
Revenue Growth (YoY)	-1.78%	1.84%	22.10%	34.78%	39.56%	Upgrade
Cost of Revenue	257.6	277.68	269.37	233.82	162.16	Upgrade
Gross Profit	688.35	685.4	676.32	540.71	412.51	Upgrade
Selling, General & Admin	504.81	581.57	656.15	556.89	473.42	Upgrade
Research & Development	176.22	190.47	179.06	155.95	115.47	Upgrade
Other Operating Expenses	233.13	171.53	8.54	6.81	70.38	Upgrade
Operating Expenses	914.15	943.57	843.76	719.65	659.27	Upgrade
Operating Income	-225.8	-258.17	-167.44	-178.94	-246.76	Upgrade
Interest Expense / Income	74.57	62.23	51.22	27.32	13.42	Upgrade
Other Expense / Income	15.58	2.65	-22.7	11.75	-5.09	Upgrade
Pretax Income	-315.95	-323.05	-195.96	-218	-255.08	Upgrade
Income Tax	1.65	-0.9	-1.2	-1.51	-19.86	Upgrade
Net Income	-317.61	-322.15	-194.77	-216.48	-235.22	Upgrade
Shares Outstanding (Basic)	81	77	75	67	61	Upgrade
Shares Outstanding (Diluted)	81	77	75	67	61	Upgrade
Shares Change	4.61%	3.68%	11.08%	9.36%	9.96%	Upgrade
EPS (Basic)	-3.93	-4.17	-2.61	-3.22	-3.83	Upgrade
EPS (Diluted)	-3.93	-4.17	-2.61	-3.22	-3.83	Upgrade
Free Cash Flow	-9.45	-0.83	-27.86	23.09	-65.4	Upgrade
Free Cash Flow Per Share	-0.12	-0.01	-0.37	0.34	-1.06	Upgrade
Gross Margin	72.77%	71.17%	71.52%	69.81%	71.78%	Upgrade
Operating Margin	-23.87%	-26.81%	-17.71%	-23.10%	-42.94%	Upgrade
Profit Margin	-33.58%	-33.45%	-20.60%	-27.95%	-40.93%	Upgrade
Free Cash Flow Margin	-1.00%	-0.09%	-2.95%	2.98%	-11.38%	Upgrade
EBITDA	-108.65	-111.65	-17.36	-79.06	-160.1	Upgrade
EBITDA Margin	-11.49%	-11.59%	-1.84%	-10.21%	-27.86%	Upgrade
Depreciation & Amortization	132.73	149.17	127.38	111.62	81.57	Upgrade
EBIT	-241.38	-260.82	-144.74	-190.68	-241.66	Upgrade
EBIT Margin	-25.52%	-27.08%	-15.31%	-24.62%	-42.05%	Upgrade

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).