2U (TWOUQ)

Company Profile

2u partners with leading colleges and universities to deliver the world’s best online degree programs so students everywhere can reach their full potential. our platform, a fusion of cloud-based software-as-a-service technology and technology-enabled services, provides schools with the comprehensive operating infrastructure they need to attract, enroll, educate, support and graduate students globally. blending live face-to-face classes, dynamic course content and real-world learning experiences, 2u’s no back row® approach ensures that every qualified student can experience the highest quality university education for the most successful outcome. to learn more, go to 2u.com. be sure to follow us on twitter (twitter.com/2uinc), instagram (http://instagram.com/2uinc) and facebook (facebook.com/2u).

Company profile

Ticker

TWOUQ

Exchange

OTC

Website

2u.com/

CEO

Christopher Paucek

Incorporated

Delaware

Location

Maryland

Fiscal year end

Dec 31

Industry (SIC)

Services - Prepackaged Software

Oracle • Lineage • ADT • Mobileye Global • Activision Blizzard • Gen Digital • Vmware • Adobe • BlackBerry Limited • McAfee ...

Former names

2tor, Inc.

SEC CIK

0001459417

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

CritiqueIt, Inc. • edX LLC • edX Boot Camps LLC • 2U HK LLC • 2U Harkins Road LLC • 2U KEIH Holdco, LLC • 2U NYC, LLC • 2U GetSmarter, LLC • 2U GetSmarter (US), LLC • TESI Merger Sub, Inc. ...

TWOUQ stock data

1M 3M 6M 1Y

Latest filings (excl ownership)

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9 Aug 24

Entry into a Material Definitive Agreement

1 Aug 24

8-K

2U Takes Strategic Action to Significantly Strengthen Balance Sheet and Position Company for Innovation and Growth

25 Jul 24

8-K

Amendments to Articles of Incorporation or Bylaws

14 Jun 24

8-K

Submission of Matters to a Vote of Security Holders

22 May 24

EFFECT

Notice of effectiveness

20 May 24

S-3/A

Shelf registration (amended)

16 May 24

DEFA14A

Additional proxy soliciting materials

10 May 24

8-K

Departure of Directors or Certain Officers

10 May 24

Transcripts

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TWOUQ

Earnings call transcript

2024 Q1

2 May 24

TWOUQ

Earnings call transcript

2023 Q4

12 Feb 24

TWOUQ

Earnings call transcript

2023 Q3

9 Nov 23

TWOUQ

Earnings call transcript

2023 Q2

8 Aug 23

TWOUQ

Earnings call transcript

2023 Q2

8 Aug 23

TWOUQ

Earnings call transcript

2023 Q1

26 Apr 23

TWOUQ

Earnings call transcript

2022 Q4

2 Feb 23

TWOUQ

Earnings call transcript

2022 Q3

8 Nov 22

TWOUQ

Earnings call transcript

2022 Q2

29 Jul 22

TWOUQ

Earnings call transcript

2022 Q1

8 May 22

Latest ownership filings

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Financial summary

Financial statements Chart TWOUQ financial data

Quarter (USD)	Jun 24	Mar 24	Dec 23	Sep 23
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 23	Dec 22	Dec 21	Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	34.89 mm	34.89 mm	34.89 mm	34.89 mm	34.89 mm	34.89 mm
Cash burn (monthly)	34.18 mm	2.65 mm	150.83 mm	49.62 mm	30.72 mm	2.04 mm
Cash used (since last report)	78.19 mm	6.06 mm	345.02 mm	113.51 mm	70.28 mm	4.68 mm
Cash remaining	-43.31 mm	28.83 mm	-310.13 mm	-78.62 mm	-35.39 mm	30.21 mm
Runway (months of cash)	-1.3	10.9	-2.1	-1.6	-1.2	14.8

Beta Read what these cash burn values mean

Financial data from 2U earnings reports.

Institutional ownership, Q2 2024

TWOUQ institutional ownership history Ownership history

13F holders	Current	Prev Q	Change
Total holders	54	90	-40.0%
Opened positions	10	82	-87.8%
Closed positions	46	3	+1433.3%
Increased positions	0	0
Reduced positions	41	4	+925.0%

13F shares	Current	Prev Q	Change
Total value	5.29 bn	23.58 bn	-77.5%
Total shares	2.87 mm	52.22 mm	-94.5%
Total puts	0.00	46.70 k	EXIT
Total calls	123.54 k	3.44 mm	-96.4%
Total put/call ratio	–	0.0	–

Largest owners	Shares	Value	Change
D. E. Shaw & Co	1.79 mm	$71.50 mm	0.0%
Aqr Capital Management	147.32 k	$755.75 mm	-96.4%
Vanguard	134.87 k	$691.90 mm	-97.0%
Greenvale Capital	115.08 k	$590.35 mm	-96.7%
BNP Paribas Arbitrage	84.63 k	$434.17 mm	-90.0%
Centiva Capital	81.19 k	$416.53 mm	NEW
Two Sigma Advisers	58.49 k	$300.06 mm	-96.0%
BLK BlackRock	47.40 k	$243.16 mm	-99.2%
IVZ Invesco	46.59 k	$239.02 mm	-96.7%
C Citigroup	35.94 k	$184.36 mm	-95.0%

Largest transactions	Shares	Bought/sold	Change
ARK Investment Management	0.00	-8.27 mm	EXIT
BLK BlackRock	47.40 k	-6.05 mm	-99.2%
Vanguard	134.87 k	-4.38 mm	-97.0%
Aqr Capital Management	147.32 k	-3.99 mm	-96.4%
Greenvale Capital	115.08 k	-3.34 mm	-96.7%
D. E. Shaw & Co.	20.59 k	-3.00 mm	-99.3%
Millennium Management	0.00	-1.77 mm	EXIT
Geode Capital Management	27.83 k	-1.68 mm	-98.4%
STT State Street	10.15 k	-1.60 mm	-99.4%
Two Sigma Advisers	58.49 k	-1.41 mm	-96.0%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

TWOUQ insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
1 Jul 24	Paul S Lalljie	Common Stock	Payment of exercise	Dispose F	No	No	4.49	314	1.41 k	20,381
1 Jul 24	Norden Matthew J.	Common Stock	Payment of exercise	Dispose F	No	No	4.49	144	646.56	15,307
1 Jul 24	Aaron McCullough	Common Stock	Payment of exercise	Dispose F	No	No	4.49	213	956.37	20,269
1 Jul 24	Heather Hoffert	Common Stock	Payment of exercise	Dispose F	No	No	4.49	47	211.03	1,557
1 Jul 24	Andrew Hermalyn	Common Stock	Payment of exercise	Dispose F	No	No	4.49	157	704.93	12,640