2U, LLC
Technology · Services-Prepackaged Software · DE · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | |
|---|---|---|---|---|---|---|
| Revenue | $946.0M | $963.1M | $945.7M | $774.5M | $574.7M | $411.8M |
| Operating income | −$225.8M | −$258.2M | −$167.4M | −$178.9M | −$246.8M | −$46.5M |
| Net income | −$317.6M | −$322.2M | −$194.8M | −$216.5M | −$235.2M | −$38.3M |
| Total assets | $1.46B | $1.81B | $2.11B | $1.54B | $1.19B | $807.4M |
| Total liabilities | $1.24B | $1.31B | $1.28B | $603.3M | $475.6M | $102.3M |
| Equity | $219.0M | $501.5M | $829.2M | $941.0M | $711.3M | $705.0M |
| EPS (diluted) | $-3.93 | $-4.17 | $-2.61 | $-3.22 | $-3.83 | $-0.28 |
| Shares out. | 79.3M | 76.4M | 74.0M | 63.6M | 58.1M | 52.7M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2023- Operating margin
- −23.9%
- Net margin
- −33.6%
- Return on equity
- −145.0%
- Return on assets
- −21.8%
- Return on capital (ROCE)
- −18.8%
- Liabilities / assets
- 85.0%
- Debt / equity
- 5.66×
- Book value / share
- $2.76
- Revenue growth (YoY)
- −1.8%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2023- Altman Z″ (distress)
- -4.23distress
- Accruals / assets
- −21.5%clean
- Piotroski F-Score
- 3/9weak
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 2 severe● 5 warning● 1 good- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- Reported a net loss
- Revenue declined year-over-year
- High leverage (liabilities > 70% of assets)
- Negative operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Kmissed a reporting deadline ↗Feb 29, 2016
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Ark Investment Management LlcPassive (13G)Jan 10, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Material events
SEC Form 8-K · most recent- Entered a material agreement · Terminated a material agreement · New financial obligation · Unregistered equity sale · Modified shareholder rights · Change in control · Director / officer change · Amended charter or bylaws · Regulation FD disclosureSep 16, 2024
- Bankruptcy or receivership · Regulation FD disclosureSep 10, 2024
- Entered a material agreement · New financial obligation · Delisting / listing-standard noticeAug 1, 2024
- Entered a material agreement · Bankruptcy or receivership · Debt acceleration / triggering event · Director / officer change · Regulation FD disclosure · Other material eventJul 25, 2024
- Amended charter or bylawsJun 14, 2024
- Shareholder voteMay 22, 2024
- Director / officer changeMay 10, 2024
- Results of operationsMay 2, 2024
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.