{"schema_version":"secwatch.filing_event.v1","accession":"0001459417-24-000034","form_type":"8-K","ticker":null,"cik":"0001459417","company_name":"2U, Inc.","filed_at":"2024-05-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.491978+00:00","generated_at":"2026-06-03T00:17:54.979379+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"2U Q1 revenue down 17% to $198.4M; net loss $54.6M, reaffirms FY guidance","bullets":["Revenue $198.4M, down 17% YoY; Degree Program revenue fell 21%, Alternative Credential down 11%.","Net loss $54.6M ($0.65/sh); adjusted net loss $18.1M ($0.22/sh); adjusted EBITDA $17.3M (9% margin).","Cash $137.4M (up $64M from Dec 2023) including $74M from receivables transaction; total debt $906.4M.","Full-year 2024 guidance reaffirmed: revenue $805-815M, adjusted EBITDA $120-125M; net loss updated to $103-98M.","Q2 2024 guidance: revenue $191-194M, net loss $37.5-32.5M, adjusted EBITDA $16-18M."],"urls":{"canonical":"https://secwatch.observer/filing/0001459417-24-000034","json":"https://secwatch.observer/filing/0001459417-24-000034.json","markdown":"https://secwatch.observer/filing/0001459417-24-000034.md","text":"https://secwatch.observer/filing/0001459417-24-000034.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1459417/000145941724000034/0001459417-24-000034-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1459417/000145941724000034/twou-20240502.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T00:17:54.979379+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"401430ed6e552ec30563244dca6b1d08327b976f","claim":"2U, Inc. reported quarter ended March 31, 2024 results: revenue $198.4 million, net income $54.6 million, EPS $0.65 per share. Guidance reaffirmed.","evidence_excerpt":"improvement initiatives, put us in a strong position to fix our balance sheet.” Results for First Quarter 2024 compared to First Quarter 2023 • Revenue decreased 17% to $198.4 million • Degree Program Segment revenue decreased 21% to $111.5 million • Alternative Credential Segment revenue decreased 11% to $86.8 million • Net loss was $54.6 million, or $0.65","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1459417/000145941724000034/0001459417-24-000034-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"quarter ended March 31, 2024"},{"label":"Revenue","value":"$198.4 million"},{"label":"Net income","value":"$54.6 million"},{"label":"EPS","value":"$0.65 per share"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}