UDMY (UDMY)
Udemy, Inc.
NASDAQ:UDMYConsumer Defensive · Education & Training Services
Mkt Cap-
Float-
O/S-
Inst Own-
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$789.84M
Net Income$3.81M
Total Assets$617.7M
Free Cash Flow$81.86M
Debt & Equity
Debt 5%
Equity 95%
Total Debt$10.23M
Total Equity$210.46M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in UDMY's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$617.7M
Liabilities$407.24M
Accounts Receivable$95.89M
Accounts Payable$8.2M
Inventory$0
PP&E (Net)$15.73M
Goodwill$12.65M
Intangible Assets$2.45M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Revenue | $789.84M | $786.57M | $728.94M | $629.1M | $515.66M | $429.9M | $276.33M |
| YoY Growth | 0.4% | 7.9% | 15.9% | 22.0% | 19.9% | 55.6% | - |
| Cost of Revenue | $271.44M | $294.63M | $309.6M | $275.32M | $236.02M | $209.25M | $143.51M |
| Gross Profit | $518.41M | $491.94M | $419.34M | $353.78M | $279.63M | $220.65M | $132.82M |
| Gross Margin | 65.6% | 62.5% | 57.5% | 56.2% | 54.2% | 51.3% | 48.1% |
| Research and Development | $101.51M | $125.44M | $120.33M | $104.56M | $66.11M | $50.64M | $34.38M |
| Selling, General, and Administrative | $419.47M | $439.14M | $410.64M | $400.41M | $291.43M | $243.38M | $166.47M |
| Other | $0 | $16.68M | $10.26M | $0 | $0 | $55K | -$384K |
| Total Operating Expenses | $520.98M | $581.27M | $541.23M | $504.97M | $357.54M | $294.03M | $200.85M |
| Operating Income (EBIT) | -$2.58M | -$89.33M | -$121.89M | -$151.19M | -$77.91M | -$73.38M | -$68.03M |
| Operating Margin | -0.3% | -11.4% | -16.7% | -24.0% | -15.1% | -17.1% | -24.6% |
| Interest Expense | $0 | $379K | $518K | $1.25M | $32K | $1.15M | $0 |
| Interest Income | $14.21M | $19.67M | $20.67M | $5.55M | $16K | $0 | $87K |
| Other Income (Expense) | $10.91M | $8.39M | $18.25M | -$399K | -$936K | -$1.09M | -$297K |
| Income Before Tax (EBT) | $8.34M | -$80.94M | -$103.64M | -$151.59M | -$78.84M | -$74.47M | -$68.33M |
| Income Tax Expense | $4.53M | $4.35M | $3.65M | $2.29M | $1.18M | $3.15M | $1.38M |
| Net Income | $3.81M | -$85.29M | -$107.29M | -$153.88M | -$80.03M | -$77.62M | -$69.7M |
| Net Income Margin | 0.5% | -10.8% | -14.7% | -24.5% | -15.5% | -18.1% | -25.2% |
| Supplementary Data | |||||||
| EPS | 0.03 | -0.56 | -0.71 | -1.09 | -0.56 | -0.56 | -2.17 |
| Diluted EPS | 0.03 | -0.56 | -0.71 | -1.09 | -0.56 | -0.56 | -2.17 |
| Weighted Average OS | 148.21M | 151.32M | 150.10M | 140.87M | 139.16M | 139.60M | 32.10M |
| EBITDA | $33.7M | -$63.84M | -$78.53M | -$129.12M | -$63.33M | -$62.27M | -$59.29M |
| EBITDA Margin | 4.3% | -8.1% | -10.8% | -20.5% | -12.3% | -14.5% | -21.5% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Assets | |||||||
| Current Assets | |||||||
| Cash and Cash Equivalents | $231.49M | $190.59M | $305.56M | $313.69M | $533.87M | $175.03M | $49.25M |
| Short-Term Investments | $127.26M | $163.84M | $171.37M | $151.69M | $745K | $0 | $0 |
| Cash and Short-Term Investments | $358.74M | $354.44M | $476.94M | $465.37M | $534.61M | $175.03M | $49.25M |
| Accounts Receivable | $95.89M | $88.22M | $92.56M | $104.53M | $73.18M | $46.26M | $26.81M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $44.11M | $63.68M | $62.84M | $30.23M | $21.61M | $1.13M | $1.01M |
| Total Current Assets | $524.21M | $506.33M | $632.33M | $615.01M | $641.87M | $227.32M | $79.68M |
| Long-Term Assets | |||||||
| Property, Plant & Equipment Net | $15.73M | $15.48M | $10.13M | $18.39M | $9.89M | $9.11M | $7.96M |
| Goodwill | $12.65M | $12.65M | $12.65M | $12.65M | $12.65M | $0 | $0 |
| Intangible Assets | $2.45M | $2.43M | $36.61M | $36.74M | $33.65M | $14.01M | $10.8M |
| Long-Term Investments | $183K | $1.11M | $10.31M | $12.1M | $10M | $2.9M | $2.5M |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $62.47M | $67.63M | $39.17M | $42.67M | $31.79M | $28.75M | $16.36M |
| Total Long-Term Assets | $93.48M | $99.3M | $108.87M | $122.55M | $97.98M | $54.77M | $37.62M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $617.7M | $605.63M | $741.2M | $737.57M | $739.85M | $282.1M | $117.3M |
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts Payable | $8.2M | $6.31M | $2.51M | $14.53M | $34.63M | $23.71M | $16.32M |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $8.95M | $8.76M | $9.14M | $10.79M | $11.37M | $4.2M |
| Current Unearned Revenue | $294.07M | $291.11M | $279.41M | $273.94M | $208.27M | $141.44M | $87M |
| Other Current Liabilities | $34.96M | $97.56M | $29.58M | $59.42M | $44.37M | $66.9M | $66.8M |
| Total Current Liabilities | $400.07M | $397.48M | $380.13M | $386.91M | $341.34M | $263.81M | $183.9M |
| Long-Term Liabilities | |||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $1.25M | $2.44M | $3M | $4.34M | $2.28M | $937K | $704K |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $234K | $6K | $48K | $464K | $6.53M | $3.93M | $2.64M |
| Total Long-Term Liabilities | $7.17M | $10.76M | $4.17M | $11.35M | $8.81M | $4.86M | $3.35M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $407.24M | $408.23M | $384.3M | $398.26M | $350.15M | $268.68M | $187.25M |
| Stockholders' Equity | |||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $274.1M | $155.65M |
| Common Stock | $1K | $1K | $2K | $1K | $1K | $0 | $0 |
| Retained Earnings | -$801.18M | -$804.99M | -$719.7M | -$612.4M | -$458.53M | -$378.5M | -$300.88M |
| Comprehensive Income & Other | $162K | -$11K | $80K | -$233K | -$1K | $0 | $0 |
| Other Stockholders' Equity | $1.01B | $1B | $1.08B | $951.71M | $848.23M | $391.92M | $230.94M |
| Total Equity | $210.46M | $197.39M | $356.89M | $339.31M | $389.7M | $13.42M | -$69.94M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $617.7M | $605.63M | $741.2M | $737.57M | $739.85M | $282.1M | $117.3M |
| Supplementary Data | |||||||
| Total Debt | $10.23M | $10.82M | $6.95M | $13.55M | $0 | $0 | $0 |
| Net Debt | -$221.26M | -$179.78M | -$298.62M | -$300.14M | -$533.87M | -$175.03M | -$49.25M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Operating Activities | |||||||
| Net Income | $3.81M | -$85.29M | -$107.29M | -$153.88M | -$77.53M | -$77.62M | -$69.7M |
| Depreciation & Amortization | $25.36M | $25.42M | $24.59M | $21.22M | $15.3M | $11.05M | $8.74M |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $326K | $0 | $0 |
| Stock-Based Compensation | $68.75M | $90.02M | $96.05M | $81.29M | $34.68M | $31.62M | $8.96M |
| Changes in Working Capital: | |||||||
| Accounts Receivable | -$11.04M | $2.79M | $10.31M | -$32.31M | -$27M | -$19.63M | -$10.58M |
| Inventory | $0 | $0 | $0 | $0 | -$5.51M | $0 | $0 |
| Accounts Payable | $3.3M | $10.05M | -$14.43M | -$28.62M | $4.77M | $17.49M | $26.28M |
| Other Working Capital | -$73.57M | -$60.24M | -$62.39M | $9.2M | $30.06M | $38.99M | $16.01M |
| Total Working Capital Change | -$81.31M | -$47.4M | -$66.5M | -$51.73M | $2.32M | $36.85M | $31.71M |
| Other Non-Cash Items | $71.05M | $70.29M | $51.16M | $42.13M | $17.8M | $7.72M | $3.83M |
| Net Cash from Operating | $87.66M | $53.04M | -$2M | -$60.96M | -$7.1M | $9.62M | -$16.45M |
| Investing Activities | |||||||
| Capital Expenditures | -$5.8M | -$2.3M | -$632K | -$1.56M | -$18.2M | -$5.18M | -$3.33M |
| Acquisitions | $0 | $0 | $0 | -$1.5M | -$24.49M | $0 | $0 |
| Purchases of Investments | -$182.6M | -$336.9M | -$307.71M | -$163.5M | -$10M | $0 | -$1.54M |
| Sales of Investments | $222.41M | $352.75M | $295.8M | $7.5M | $12.87M | $0 | $27.27M |
| Other Investing Activities | -$13.38M | -$12.47M | -$12.43M | -$14.16M | -$12.87M | -$9.36M | -$7.79M |
| Net Cash from Investing | $20.63M | $1.08M | -$24.97M | -$173.23M | -$52.69M | -$14.54M | $14.61M |
| Financing Activities | |||||||
| Debt Repaid | - | - | - | - | - | - | - |
| Common Stock Issuance | $4.25M | $0 | $0 | $0 | $415.19M | $0 | $0 |
| Common Stock Repurchases | -$50.97M | -$150.32M | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$21.74M | -$21.43M | $19.2M | $14.76M | $3.44M | $10.38M | $11.27M |
| Net Cash from Financing | -$68.46M | -$171.75M | $19.2M | $14.76M | $418.63M | $131.09M | $11.27M |
| Forex Effect | $238K | -$116K | $20K | -$25K | $0 | $0 | $0 |
| Net Change in Cash | $40.06M | -$117.75M | -$7.76M | -$219.45M | $358.84M | $126.18M | $9.42M |
| Supplementary Data | |||||||
| Operating Cash Flow | $87.66M | $53.04M | -$2M | -$60.96M | -$7.1M | $9.62M | -$16.45M |
| Capital Expenditure | -$5.8M | -$14.78M | -$13.07M | -$15.72M | -$18.2M | -$14.54M | -$11.12M |
| Free Cash Flow | $81.86M | $38.27M | -$15.07M | -$76.68M | -$25.31M | -$4.91M | -$27.58M |
| Cash at Beginning | $191.81M | $309.55M | $317.31M | $536.77M | $177.93M | $51.75M | $42.33M |
| Cash at End | $231.87M | $191.81M | $309.55M | $317.31M | $536.77M | $177.93M | $51.75M |