Udemy, Inc.
Udemy, Inc.
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Financial Statements
Values in Millions ($) | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Financial statements beyond 3 years are for subscribers only. Unlock 17+ years of income statements, balance sheets, and cash flow statements Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Assets | |||||||||||||||||
Cash And Cash Equivalents At Carrying Value | 253 | 231 | 236 | 230 | 190 | 191 | 205 | 272 | 257 | 306 | 328 | 323 | |||||
Restricted Cash Current | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 3 | 0 | 0 | |||||
Marketable Securities Current | 105 | 127 | 135 | 162 | 167 | 164 | 153 | 149 | 174 | 171 | 151 | 142 | |||||
Assets Current | |||||||||||||||||
Assets Current | 534 | 524 | 524 | 547 | 541 | 506 | 508 | 568 | 603 | 632 | 622 | 605 | |||||
Accounts Receivable Net Current | 97 | 96 | 77 | 84 | 111 | 88 | 81 | 82 | 100 | 93 | 83 | 87 | |||||
Prepaid Expense And Other Assets Current | 31 | 25 | 29 | 23 | 26 | 23 | 25 | 20 | 26 | 21 | 18 | 14 | |||||
Capitalized Contract Cost Net Current | 48 | 44 | 48 | 48 | 47 | 41 | 45 | 45 | 44 | 39 | 41 | 39 | |||||
Property Plant And Equipment Net | 6 | 7 | 7 | 7 | 7 | 5 | 3 | 4 | 4 | 4 | 5 | 5 | |||||
Capitalized Computer Software Net | 29 | 29 | 29 | 29 | 31 | 32 | 33 | 33 | 32 | 31 | 31 | 30 | |||||
Operating Lease Right Of Use Asset | 9 | 9 | 10 | 9 | 10 | 11 | 12 | 13 | 4 | 6 | 7 | 9 | |||||
Restricted Cash Noncurrent | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 1 | 3 | 4 | |||||
Capitalized Contract Cost Net Noncurrent | 27 | 28 | 27 | 28 | 30 | 32 | 32 | 34 | 34 | 36 | 35 | 35 | |||||
Intangible Assets Net Excluding Goodwill | 2 | 2 | 3 | 3 | 2 | 2 | 3 | 3 | 4 | 5 | 6 | 7 | |||||
Goodwill | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | |||||
Equity Securities F V N I Noncurrent | 9 | - | - | - | - | 0 | 0 | 0 | 10 | 10 | 10 | 10 | |||||
Other Assets Noncurrent | 6 | 6 | 5 | 5 | 4 | 4 | 4 | 4 | 3 | 3 | 4 | 3 | |||||
Assets | 635 | 618 | 619 | 644 | 639 | 606 | 609 | 672 | 708 | 741 | 736 | 722 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Accounts Payable Current | 13 | 8 | 7 | 7 | 4 | 6 | 4 | 4 | 3 | 3 | 6 | 5 | |||||
Employee Related Liabilities Current | 21 | 28 | 23 | 20 | 22 | 29 | 32 | 20 | 20 | 24 | 25 | 22 | |||||
Liabilities Current | |||||||||||||||||
Liabilities Current | 416 | 400 | 389 | 403 | 420 | 397 | 403 | 409 | 408 | 380 | 386 | 384 | |||||
Operating Lease Liability Current | 5 | 5 | 5 | 3 | 3 | 3 | 5 | 5 | 4 | 6 | 7 | 7 | |||||
Contract With Customer Liability Current | 300 | 294 | 296 | 311 | 326 | 291 | 300 | 310 | 316 | 279 | 280 | 285 | |||||
Operating Lease Liability Noncurrent | 5 | 6 | 7 | 6 | 7 | 8 | 7 | 8 | 1 | 1 | 2 | 3 | |||||
Contract With Customer Liability Noncurrent | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 2 | |||||
Other Liabilities Noncurrent | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Liabilities | 422 | 407 | 397 | 411 | 430 | 408 | 413 | 420 | 412 | 384 | 391 | 389 | |||||
Equity | |||||||||||||||||
Common Stock Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Preferred Stock Value | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | |||||
Additional Paid In Capital | 1,026 | 1,011 | 1,021 | 1,034 | 1,016 | 1,002 | 991 | 1,022 | 1,035 | 1,077 | 1,045 | 1,016 | |||||
Accumulated Other Comprehensive Income Loss Foreig… | 0 | 0 | 0 | 0 | -0 | -0 | 0 | -0 | -0 | 0 | -0 | -0 | |||||
Retained Earnings Accumulated Deficit | -814 | -801 | -799 | -800 | -807 | -805 | -795 | -770 | -738 | -720 | -699 | -683 | |||||
Stockholders Equity | 212 | 210 | 222 | 233 | 209 | 197 | 196 | 252 | 296 | 357 | 346 | 333 | |||||
Liabilities And Stockholders Equity | 635 | 618 | 619 | 644 | 639 | 606 | 609 | 672 | 708 | 741 | 736 | 722 | |||||
Common Stock Par Or Stated Value Per Share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Stock Shares Authorized | 950 | 950 | 950 | 950 | 950 | 950 | 950 | 950 | 950 | 950 | 950 | 950 | |||||
Preferred Stock Par Or Stated Value Per Share | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | |||||
Common Stock Shares Issued | 146 | 145 | 147 | 150 | 148 | 147 | 147 | 152 | 154 | 157 | 153 | 150 | |||||
Preferred Stock Shares Authorized | - | - | - | - | - | - | - | - | - | 50 | 50 | 50 | |||||
Shares Outstanding | 146 | 145 | 147 | 150 | 148 | 147 | 147 | 152 | 154 | 157 | 153 | 150 | |||||
Preferred Stock Shares Issued | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | |||||
Preferred Stock Shares Outstanding | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | |||||
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Interactive Financial Visualizations
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | - | - | - | - | - | - | - | - | - | - | - | - |
| 2025 | 7.01% | 8.10% | 8.88% | -7.36% | -4.73% | -13.27% | -10.30% | 6.04% | -11.01% | -1.65% | -11.55% | -4.54% |
| 2024 | -13.25% | -15.31% | -11.78% | 8.24% | 10.11% | 10.64% | -2.04% | 0.77% | 7.78% | -18.81% | -39.60% | -32.97% |
| 2023 | - | - | - | -8.49% | -21.31% | -18.57% | 60.98% | 65.52% | 49.45% | 2.03% | -8.32% | -8.13% |
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Performance and Valuation Metrics
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Metrics | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Metric history beyond 3 years is for subscribers only. Unlock 17+ years of history across 90+ calculated metrics Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Liquidity Ratios | |||||||||||||||||
| Current Ratio | 1.28 | 1.31 | 1.35 | 1.36 | 1.29 | 1.27 | 1.26 | 1.39 | 1.48 | 1.66 | 1.61 | 1.58 | |||||
| Quick Ratio | 1.21 | 1.25 | 1.27 | 1.30 | 1.23 | 1.22 | 1.20 | 1.34 | 1.42 | 1.61 | 1.56 | 1.54 | |||||
| Working Capital | 117.48M | 124.14M | 134.96M | 144.82M | 120.74M | 108.85M | 105.16M | 159.06M | 195.14M | 252.20M | 235.26M | 221.81M | |||||
Leverage & Debt | |||||||||||||||||
| Debt to Equity | 1.99 | 1.93 | 1.79 | 1.76 | 2.05 | 2.07 | 2.10 | 1.66 | 1.39 | 1.08 | 1.13 | 1.17 | |||||
| Interest Coverage TTM | -12.71 | -5.66 | -23.25 | -60.84 | -110.91 | -142.02 | -175.84 | -458.80 | -537.83 | -214.60 | -188.62 | -101.77 | |||||
| Debt Ratio | 0.67 | 0.66 | 0.64 | 0.64 | 0.67 | 0.67 | 0.68 | 0.62 | 0.58 | 0.52 | 0.53 | 0.54 | |||||
Efficiency & Turnover | |||||||||||||||||
| Asset Turnover TTM | 1.23 | 1.29 | 1.30 | 1.21 | 1.17 | 1.17 | 1.15 | 1.10 | 1.05 | 0.99 | 0.96 | 0.92 | |||||
| Days Sales Outstanding TTM | 48.68 | 42.54 | 36.17 | 38.20 | 48.73 | 41.94 | 38.57 | 40.31 | 47.78 | 49.34 | 39.99 | 42.05 | |||||
| Receivables Turnover TTM | 7.50 | 8.58 | 10.09 | 9.55 | 7.49 | 8.70 | 9.46 | 9.05 | 7.64 | 7.40 | 9.13 | 8.68 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | -0.05 | 0.03 | -0.02 | -0.20 | -0.46 | -0.56 | -0.64 | -0.57 | -0.52 | -0.71 | -0.92 | -1.14 | |||||
| Free Cash Flow Per Share TTM | 0.60 | 0.55 | 0.50 | 0.36 | 0.27 | 0.34 | 0.23 | 0.35 | 0.24 | -0.02 | -0.17 | -0.35 | |||||
| Dividend Per Share TTM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | 66.36% | 65.63% | 65.04% | 64.33% | 63.39% | 62.54% | 61.14% | 59.96% | 58.74% | 57.53% | 56.88% | 56.41% | |||||
| Operating Profit Margin TTM | -1.56% | -0.53% | -1.55% | -5.23% | -9.00% | -11.36% | -13.32% | -12.47% | -12.99% | -16.72% | -21.33% | -25.37% | |||||
| Net Profit Margin TTM | -0.90% | 0.48% | -0.47% | -3.85% | -8.70% | -10.84% | -12.33% | -11.39% | -10.82% | -14.72% | -19.75% | -24.93% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | -1.15% | 0.42% | 2.53% | 3.93% | 5.43% | 7.91% | 10.14% | 12.83% | 14.70% | 15.87% | -17.08% | -17.36% | |||||
| Net Income Growth (1Y) | -89.76% | -104.46% | -96.10% | -64.85% | -15.25% | -20.51% | -31.27% | -48.46% | -53.07% | -30.27% | -19.30% | 25.23% | |||||
| EPS Growth (1Y) | -89.56% | -104.56% | -96.12% | -63.97% | -10.36% | -21.15% | -30.29% | -50.12% | -56.31% | -34.56% | -24.82% | 18.43% | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | 86.92M | 81.86M | 75.26M | 53.49M | 39.80M | 50.74M | 34.88M | 53.02M | 38.13M | -2.64M | -26.02M | -52.03M | |||||
| Net Debt | -253.57M | -231.87M | -237.04M | -231.37M | -190.73M | -190.59M | -205.78M | -273.58M | -260.24M | -309.55M | -331.50M | -326.76M | |||||
Per-Share and Margin | |||||||||||||||||
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| Adjusted EPS TTM | |||||||||||||||||
| Cash Flow Per Share TTM | |||||||||||||||||
| Pretax Margin TTM | |||||||||||||||||
| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
| Average Equity | |||||||||||||||||
| Average Inventory | |||||||||||||||||
| Average Receivables | |||||||||||||||||
| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
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| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
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| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
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| Altman B | |||||||||||||||||
| Altman C | |||||||||||||||||
| Altman D | |||||||||||||||||
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| ROA TTM | |||||||||||||||||
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| NOPAT TTM | |||||||||||||||||
| ROIC TTM | |||||||||||||||||
| Effective Tax Rate TTM | |||||||||||||||||
| Payout Ratio TTM | |||||||||||||||||
| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
| NCAV | |||||||||||||||||
| NCAV Per Share TTM | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
| P/CF TTM | |||||||||||||||||
| PEG Ratio | |||||||||||||||||
| Dividend Yield TTM | |||||||||||||||||
| Free Cash Flow Yield TTM | |||||||||||||||||
| EV EBITDA TTM | |||||||||||||||||
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| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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Insider Transactions
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Institutional Ownership
Udemy, Inc. (UDMY) — SEC Financial Statements & Analysis
Udemy, Inc. (UDMY) is a services-educational services company, incorporated in DE. Udemy, Inc. trades on Nasdaq as: UDMY. Based on its latest SEC filing (Form 10-Q, period ending 2026-03-31), Udemy, Inc. reported a -1.15% year-over-year revenue growth, a Gross Profit Margin of 66.36% (TTM), a Debt-to-Equity ratio of 1.99x. Figures below are sourced from SEC EDGAR, as-filed.
- Net Revenue TTM Growth 1Y
- -1.15%
- Gross Profit Margin TTM
- 66.36%
- Debt To Equity
- 1.99x
Data as of 2026-03-31 · Source: SEC EDGAR
Frequently Asked Questions
What industry is Udemy, Inc. in?
Udemy, Inc. (UDMY) operates in the Services-Educational Services industry.
What exchange does UDMY trade on?
Udemy, Inc. (UDMY) trades on the Nasdaq.
Where is Udemy, Inc. incorporated?
Udemy, Inc. is incorporated in DE.