Udemy, Inc. logo UDMY - Udemy, Inc.

Inactive Ticker UDMY is not actively trading. Quotes and analytics may be stale.
Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 4
HOLD 8
SELL 0
STRONG
SELL
0
| PRICE TARGET: $5.00 DETAILS
HIGH: $5.00
LOW: $5.00
MEDIAN: $5.00
CONSENSUS: $5.00
UPSIDE: 7.99%
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1
Revenue
Revenue 191.4 194.0 195.7 199.9 200.3 199.9 195.4 194.4 196.8 189.5 184.7 178.2 176.4 165.3 158.4 153.1 152.2 135.5 129.6 126.1 124.5 110.1 118.4 100.7 100.7
Cost of Revenue 62.1 65.9 66.8 67.8 70.9 72.7 72.4 73.5 76.5 79.9 77.3 75.9 76.7 74.0 69.1 65.8 66.4 64.1 58.0 56.0 57.9 55.7 48.9 52.3 52.3
Gross Profit 129.3 128.0 128.9 132.0 129.4 127.2 123.1 120.9 120.3 109.6 107.5 102.3 99.7 91.3 89.4 87.3 85.8 71.3 71.6 70.1 66.6 54.4 69.5 48.3 48.3
Operating Expenses
R&D Expenses 26.8 24.6 25.6 26.4 25.0 28.8 33.0 32.4 31.2 29.5 30.3 29.6 30.9 30.0 28.1 24.0 22.6 19.2 16.7 14.8 15.4 14.4 11.9 12.1 12.1
SG&A Expenses 115 106.9 103.4 101.7 107.5 104.6 108.3 114.0 111.8 105.8 98.6 100.0 106.0 115.5 104.5 91.9 88.5 93.1 64.4 66.3 67.7 66.1 55.0 61.1 61.1
Other Expenses 0 0 0 0.1 1.5 5.4 11.3 0 (0.3) 0 0.1 0.1 10.1 (0.3) 0 0 0 0 (0.2) (0.1) (0.0) 0.0 (0.1) 0 0
Operating Expenses 141.8 131.5 129.0 128.1 133.9 138.8 152.5 146.4 143.1 135.3 129.0 129.8 147.0 145.4 132.6 115.8 111.1 112.3 81.1 81.1 83.1 80.5 67.0 73.2 73.2
Operating Income
Operating Income (12.5) (3.4) (0.2) 3.9 (4.5) (11.6) (29.5) (25.5) (22.7) (25.7) (21.5) (27.5) (47.3) (54.1) (43.3) (28.5) (25.3) (40.9) (9.6) (11.0) (16.4) (26.1) 2.5 (24.9) (24.9)
Interest Expense 0 0 0.3 0.1 0.0 0.0 0.3 0.1 0.0 0.1 0.1 0 0 0 1.0 0 0 0 0.1 0.2 0.2 0.1 0.1 0 0
Interest Income 2.8 3.2 3.8 3.7 3.6 4.0 4.7 5.2 5.7 5.9 5.5 4.9 3.9 3.3 1.6 0.1 0.2 0.4 0 0 0 0 0 0.5 0.5
Profitability
EBITDA (12.5) 5.1 9.2 14.5 5.4 (0.3) (11.8) (24.2) 3.2 (12.9) (8.2) (21.2) (37.3) (48.5) (39.7) (23.3) (20.3) (35.3) (5.8) (7.6) (15.4) (22.8) 5.3 (24.0) (24.0)
EBIT (12.5) (1.0) 3.1 7.5 (0.8) (6.2) (18.2) (30.9) (17.3) (19.5) (15.8) (27.3) (43.1) (54.1) (45.2) (28.5) (25.3) (40.2) (9.7) (11.0) (16.4) (26.1) 2.5 (24.9) (24.9)
Income Before Tax (10.6) (1.0) 2.7 7.4 (0.8) (8.2) (24.4) (31.0) (17.3) (19.5) (16.0) (24.7) (43.5) (51.0) (46.2) (29.1) (25.3) (40.7) (9.8) (11.2) (17.1) (26.1) 2.4 (25.3) (25.3)
Income Tax Expense 2.1 1.4 1.1 1.1 0.9 1.7 0.9 0.8 1.0 0.7 0.8 1.1 1.1 1.1 0.5 0.3 0.3 0.7 (0.5) 0.2 0.9 0.9 0.5 0.9 0.9
Net Income (12.6) (2.3) 1.6 6.3 (1.8) (9.9) (25.3) (31.8) (18.3) (20.2) (16.8) (25.7) (44.5) (52.2) (46.7) (29.4) (25.6) (41.4) (9.3) (11.4) (18.0) (27.0) 1.9 (26.2) (26.2)
Per Share Data
EPS (Basic) -0.09 -0.02 0.01 0.04 -0.01 -0.07 -0.17 -0.21 -0.12 -0.13 -0.11 -0.17 -0.31 -0.36 -0.33 -0.21 -0.18 -0.36 -0.07 -0.09 -0.15 -0.22 0.02 -0.82 -0.82
EPS (Diluted) -0.09 -0.02 0.01 0.04 -0.01 -0.07 -0.17 -0.21 -0.12 -0.13 -0.11 -0.17 -0.31 -0.36 -0.33 -0.21 -0.18 -0.36 -0.07 -0.09 -0.15 -0.22 0.02 -0.82 -0.82
Shares Outstanding 145.2 145.7 149.9 149.2 148.0 146.7 149.2 153.0 156.6 155.2 151.3 148.1 145.7 143.1 141.0 140.0 139.4 108.2 137.4 122.1 122.1 122.1 122.1 32.1 32.1
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4
Current Assets
Cash & Cash Equivalents 252.6 231.5 235.9 230.3 189.6 190.6 204.6 272.4 256.8 305.6 328.0 323.2 275.6 313.7 427.9 512.2 511.0 533.9 130.2 163.2 (175.0) 175.0
Short-Term Investments 105.3 127.3 135.3 161.7 167.4 163.8 152.5 148.6 173.9 171.4 151.5 142.3 169.6 151.7 66.2 0.4 0.3 0.7 0 1.2 350.1 0
Net Receivables 97.1 95.9 76.6 84.4 111.2 88.2 81.2 82.1 99.8 92.6 82.9 87.0 96.4 104.5 71.6 69.3 67.7 73.2 40.7 42.8 0 46.3
Inventory 0 0 0 0 0 0 0 0 0 0 0 0 35.9 0 0 0 0 0 0 0 0 0
Other Current Assets 78.7 69.6 76.4 71.1 72.9 63.7 69.7 64.9 73.0 62.8 59.4 52.8 0 30.2 32.8 29.9 26.3 21.6 4.9 20.5 0 1.1
Total Current Assets 533.6 524.2 524.1 547.5 541.1 506.3 508.0 567.9 603.4 632.3 621.7 605.3 595.0 615.0 608.4 622.2 617.0 641.9 183.4 233.5 175.0 227.3
Non-Current Assets
Property, Plant & Equipment 15.1 15.7 17.1 16.3 16.8 15.5 15.2 16.6 8.3 10.1 12.1 14.1 16.1 18.4 20.8 22.8 24.9 9.9 10.6 10.7 0 9.1
Goodwill 12.6 12.6 12.6 12.6 12.6 12.6 12.6 12.6 12.6 12.6 12.6 12.6 12.6 12.6 12.6 12.6 12.6 12.6 12.6 0 0 0
Intangible Assets 2.0 2.4 32.0 32.8 33.0 2.4 35.9 36.2 36.4 36.6 37.1 37.5 37.3 36.7 36.3 35.0 34.2 33.7 33.3 17.5 0 14.0
Long-Term Investments 8.5 0 0 0 0 1.1 0 0 10.3 10.3 10.3 10.3 12.1 12.1 12.1 15 15 10 2.9 0 0 2.9
Other Non-Current Assets 62.7 62.7 33.0 34.8 35.5 67.6 37.2 38.6 37.4 39.2 42.6 42.2 43.8 42.7 40.2 38.4 35.1 31.8 47.1 25.0 (175.0) 28.8
Total Non-Current Assets 101.0 93.5 94.8 96.5 97.9 99.3 100.9 104.0 105.0 108.9 114.8 116.8 121.9 122.6 122.0 123.8 121.9 98.0 106.5 53.1 (175.0) 54.8
Total Assets 634.6 617.7 618.9 644.0 639.0 605.6 608.9 671.9 708.5 741.2 736.5 722.1 716.9 737.6 730.4 746.0 738.9 739.9 290.0 286.7 0 282.1
Current Liabilities
Account Payables 12.9 8.2 6.5 7.4 4.4 6.3 4.3 3.7 3.1 2.5 5.7 5.3 10.8 14.5 17.1 17.3 16.3 34.6 26.2 25.3 0 23.7
Short-Term Debt 4.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Deferred Revenue 299.9 294.1 295.9 311.2 326.3 291.1 300.0 309.8 315.6 279.4 279.6 285.3 276.1 273.9 237.9 240.6 227.7 208.3 165.9 162.7 0 141.4
Other Current Liabilities 98.5 93.3 29.6 25.9 29.7 97.6 37.6 25.0 20.2 29.6 31.4 32.0 53.5 59.4 46.8 41.4 41.3 44.4 61.9 38.1 0 66.9
Total Current Liabilities 416.2 400.1 389.2 402.7 420.3 397.5 402.9 408.8 408.3 380.1 386.5 383.5 382.5 386.9 358.2 353.9 339.6 341.3 277.0 273.7 0 263.8
Non-Current Liabilities
Long-Term Debt 4.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 1.4 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.4 0.0 0.0 0.0 0.0 0.5 4.5 4.4 4.5 6.5 4.2 278.6 0 3.9
Total Non-Current Liabilities 6.3 7.2 7.9 7.9 9.3 10.8 9.8 10.8 3.7 4.2 4.2 5.5 9.3 11.4 15.6 17.2 18.8 8.8 5.5 279.8 0 4.9
Total Liabilities 422.4 407.2 397.1 410.6 429.6 408.2 412.6 419.7 412.0 384.3 390.7 389.0 391.8 398.3 373.9 371.0 358.4 350.2 282.5 553.4 0 268.7
Stockholders' Equity
Common Stock 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0 0 0 0
Retained Earnings (813.8) (801.2) (798.9) (800.5) (806.8) (805.0) (795.1) (769.9) (738.0) (719.7) (699.5) (682.7) (656.9) (612.4) (560.3) (513.6) (484.2) (458.5) (417.1) (407.9) 0 (378.5)
Accumulated Other Comprehensive Income 0.0 0.2 0.1 0.0 (0.0) (0.0) 0.2 (0.0) (0.1) 0.1 (0.1) (0.0) (0.1) (0.2) (0.3) (0.0) 0.0 (0.0) 0 0 (260.7) 0
Total Stockholders' Equity 212.2 210.5 221.8 233.4 209.4 197.4 196.3 252.3 296.5 356.9 345.8 333.1 325.1 339.3 356.5 374.9 380.5 389.7 7.5 (266.8) 13.4 13.4
Total Liabilities & Equity 634.6 617.7 618.9 644.0 639.0 605.6 608.9 671.9 708.5 741.2 736.5 722.1 716.9 737.6 730.4 746.0 738.9 739.9 290.0 286.7 13.4 282.1
Debt Metrics
Total Debt 9.7 10.2 12.0 9.2 9.9 10.8 12.1 13.1 4.5 6.9 8.6 10.4 11.8 13.5 15.0 16.9 18.9 0 0 0 0 0
Net Debt (242.8) (221.3) (224.0) (221.0) (179.7) (179.8) (192.4) (259.3) (252.3) (298.6) (319.3) (312.9) (263.8) (300.1) (412.9) (495.3) (492.1) (533.9) (130.2) (163.2) 175.0 (175.0)
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1
Operating Activities
Net Income (12.6) (2.3) 1.6 6.3 (1.8) (9.9) (25.3) (31.8) (18.3) (20.2) (16.8) (25.7) (44.5) (52.2) (46.7) (29.4) (25.6) (41.4) (9.3) (11.4) (18.0) (27.0) 1.9 (26.2) (26.2)
Depreciation & Amortization 6.4 6.1 6.1 6.9 6.2 5.9 6.3 6.7 6.5 6.5 6.2 6.1 5.8 5.6 5.4 5.2 5.0 4.9 3.9 3.4 3.1 3.2 2.7 0.9 0.9
Stock-Based Compensation 16.4 0 18.3 17.4 18.0 19.8 23.2 24.3 22.7 23.1 23.5 23.2 26.3 28.2 25.0 14.7 13.3 11.0 7.2 6.0 10.5 8.2 2.8 10.3 10.3
Change in Working Capital 0 (22.1) (28.3) (3.1) (27.9) (23.0) (25.4) 5.1 (4.1) (30.2) (14.0) (3.9) (18.4) (23.6) (10.6) (2.5) (15.0) 22.0 (10.8) 6.4 (12.8) 32.4 (32.5) 1.9 1.9
Other Non-Cash Items 5.3 33.8 18.0 16.6 17.7 16.8 15.0 24.3 14.2 13.5 12.8 13.9 10.9 11.2 13.1 9.5 8.3 5.8 4.9 3.9 3.5 2.5 2.1 19.7 19.7
Operating Cash Flow 15.4 15.5 15.7 44.2 12.2 9.6 (6.1) 28.6 21.0 (7.3) 11.7 13.5 (19.9) (30.7) (13.8) (2.5) (14.0) 2.3 (3.9) 8.3 (13.8) 19.3 (22.9) 6.6 6.6
Investing Activities
Capital Expenditure (0.5) (0.5) (3.6) (5.2) (5.1) (3.4) (4.1) (3.8) (3.5) (3.3) (3.1) (3.3) (3.4) (3.7) (4.7) (4.1) (3.3) (3.9) (4.5) (5.6) (4.2) (3.8) (3.7) (1.5) (1.5)
Acquisitions 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments (29.9) (44.8) (25.3) (33.9) (78.6) (97.1) (93.4) (56.9) (89.5) (82.2) (99.6) (67.5) (58.5) (92.4) (66.1) 0 (5) 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 43.5 53.4 52.4 40.4 76.3 87.4 91.8 84.4 89.2 64.5 92.3 96.5 42.5 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities (4.1) (3.2) (3.0) (4.4) (2.7) (2.2) (3.5) (3.5) (3.3) (3.1) (2.9) (3.1) (3.3) 4.0 (5.5) (3.5) (3.1) (13.1) (27.6) (3.4) (3.3) (2.6) (2.7) (2.0) (2.0)
Investing Cash Flow 9.1 4.8 23.4 (0.2) (7.4) (13.1) (5.7) 23.7 (3.8) (21.0) (10.4) 25.7 (19.3) (88.5) (72.3) (4.1) (8.3) (13.9) (29.0) (5.6) (4.2) (3.8) (3.7) (3.5) (3.5)
Financing Activities
Net Debt Issuance 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Stock Repurchased (0.1) (27.2) (28.3) (0.9) 0 (8.7) (51.0) (35.4) (55.1) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities (2.9) 1.6 (5.1) (2.6) (5.9) (5.5) (5.1) (3.5) (11.3) 6.2 3.6 8.3 1.2 5.0 2.0 7.7 0.1 415.3 (0.1) 1.2 2.2 2.4 1.0 23.4 23.4
Financing Cash Flow (2.9) (25.6) (33.5) (3.5) (5.9) (10.2) (56.1) (39.0) (66.5) 6.2 3.6 8.3 1.2 5.0 2.0 7.7 0.1 415.3 (0.1) 1.2 2.2 83.2 1.0 23.4 23.4
Cash Position
Net Change in Cash 21.7 (5.2) 5.7 40.6 (1.1) (14.0) (67.8) 13.3 (49.3) (22.0) 4.7 47.5 (38.1) (114.2) (84.3) 1.2 (22.2) 403.7 (33.0) 3.9 (15.7) 98.6 (25.5) 26.5 26.5
Cash at Beginning 231.9 237.0 231.4 190.7 191.8 205.8 273.6 260.2 309.6 331.5 326.8 279.3 317.3 431.5 515.8 514.6 536.8 133.1 166.1 162.2 177.9 79.3 104.8 78.3 0
Cash at End 253.6 231.9 237.0 231.4 190.7 191.8 205.8 273.6 260.2 309.6 331.5 326.8 279.3 317.3 431.5 515.8 514.6 536.8 133.1 166.1 162.2 177.9 79.3 104.8 26.5
Free Cash Flow 14.9 15.0 12.1 39.0 7.1 6.2 (10.2) 24.8 17.5 (10.6) 8.5 10.2 (23.3) (34.4) (18.5) (6.5) (17.3) (1.6) (8.5) 2.7 (18.0) 15.4 (26.6) 5.1 5.1
Key Metrics 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1
Income Statement
Revenue 191.4 194.0 195.7 199.9 200.3 199.9 195.4 194.4 196.8 189.5 184.7 178.2 176.4 165.3 158.4 153.1 152.2 135.5 129.6 126.1 124.5 110.1 118.4 100.7 100.7
Gross Profit 129.3 128.0 128.9 132.0 129.4 127.2 123.1 120.9 120.3 109.6 107.5 102.3 99.7 91.3 89.4 87.3 85.8 71.3 71.6 70.1 66.6 54.4 69.5 48.3 48.3
Operating Income (12.5) (3.4) (0.2) 3.9 (4.5) (11.6) (29.5) (25.5) (22.7) (25.7) (21.5) (27.5) (47.3) (54.1) (43.3) (28.5) (25.3) (40.9) (9.6) (11.0) (16.4) (26.1) 2.5 (24.9) (24.9)
Net Income (12.6) (2.3) 1.6 6.3 (1.8) (9.9) (25.3) (31.8) (18.3) (20.2) (16.8) (25.7) (44.5) (52.2) (46.7) (29.4) (25.6) (41.4) (9.3) (11.4) (18.0) (27.0) 1.9 (26.2) (26.2)
EPS (Diluted) -0.09 -0.02 0.01 0.04 -0.01 -0.07 -0.17 -0.21 -0.12 -0.13 -0.11 -0.17 -0.31 -0.36 -0.33 -0.21 -0.18 -0.36 -0.07 -0.09 -0.15 -0.22 0.02 -0.82 -0.82
Balance Sheet
Cash & Equivalents 252.6 231.5 235.9 230.3 189.6 190.6 204.6 272.4 256.8 305.6 328.0 323.2 275.6 313.7 427.9 512.2 511.0 533.9 130.2 163.2 (175.0) 175.0
Total Assets 634.6 617.7 618.9 644.0 639.0 605.6 608.9 671.9 708.5 741.2 736.5 722.1 716.9 737.6 730.4 746.0 738.9 739.9 290.0 286.7 0 282.1
Total Debt 9.7 10.2 12.0 9.2 9.9 10.8 12.1 13.1 4.5 6.9 8.6 10.4 11.8 13.5 15.0 16.9 18.9 0 0 0 0 0
Stockholders' Equity 212.2 210.5 221.8 233.4 209.4 197.4 196.3 252.3 296.5 356.9 345.8 333.1 325.1 339.3 356.5 374.9 380.5 389.7 7.5 (266.8) 13.4 13.4
Cash Flow
Operating Cash Flow 15.4 15.5 15.7 44.2 12.2 9.6 (6.1) 28.6 21.0 (7.3) 11.7 13.5 (19.9) (30.7) (13.8) (2.5) (14.0) 2.3 (3.9) 8.3 (13.8) 19.3 (22.9) 6.6 6.6
Capital Expenditure (0.5) (0.5) (3.6) (5.2) (5.1) (3.4) (4.1) (3.8) (3.5) (3.3) (3.1) (3.3) (3.4) (3.7) (4.7) (4.1) (3.3) (3.9) (4.5) (5.6) (4.2) (3.8) (3.7) (1.5) (1.5)
Free Cash Flow 14.9 15.0 12.1 39.0 7.1 6.2 (10.2) 24.8 17.5 (10.6) 8.5 10.2 (23.3) (34.4) (18.5) (6.5) (17.3) (1.6) (8.5) 2.7 (18.0) 15.4 (26.6) 5.1 5.1