Udemy, Inc.

Listed Company

UDMYCIK 0001607939NasdaqLarge AcceleratedServices-Educational ServicesDelawareFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$3.81M

Total Assets

$617.70M

Equity

$210.46M

Shares Out

146.28M

Op. Cash Flow

$87.66M

UDMY$4.62−31.83% · past yearDBEQ Basic

Daily closing prices

Business

Udemy is a global AI-powered learning platform serving learners, instructors, and enterprises. It operates a two-sided marketplace offering over 290,000 courses in 78 languages created by 90,000+ instructors, with additional curated enterprise collections. The company generates revenue through direct consumer course purchases and subscriptions, and through Udemy Business, a SaaS platform delivering seat-based subscriptions to organizations for employee upskilling and reskilling. Udemy serves nearly 84 million learners across more than 180 countries with localized content, AI-driven personalization, and outcome measurement tools.

Summary from 10-K filed 2026-02-19

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue	790	787	729	629	516
Cost of revenue	271	295	310	275	236
Gross profit	518	492	419	354	280
Sales and marketing	326	343	317	301	227
Research and development	102	125	120	105	66
General and administrative	93	96	94	99	64
Restructuring charges	2	17	10	0	0
Total operating expenses	523	581	541	505	358
Loss from operations	−4	−89	−122	−151	−78
Interest income	14	20	21	6	204,000
Interest expense	−734,000	379,000	−518,000	−1	—
Other expense, net	−981,000	−12	−2	−5	−920,000
Total other income, net	12	8	18	−399,000	−936,000
Net income (loss) before taxes	8	−81	−104	−152	−79
Income tax provision	5	4	4	−2	−1
Net income (loss)	4	−85	−107	−154	−80
Basic (in dollars per share)	0.03	−0.56	−0.71	−1.09	−1.46
Diluted (in dollars per share)	0.03	−0.56	−0.71	−1.09	−1.46
Basic (in shares)	148	151	150	141	55
Diluted (in shares)	150	151	150	141	55

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	231	191	306	314	534
Restricted cash, current	201,000	100,000	3	0	0
Marketable securities	127	164	171	152	0
Accounts receivable, net	96	88	93	105	73
Prepaid expenses and other current assets	25	23	21	15	16
Deferred contract costs, current	44	41	39	30	19
Total current assets	524	506	632	615	642
Property and equipment, net	7	5	4	7	10
Capitalized software, net	29	32	31	27	20
Operating lease right-of-use assets	9	11	6	11	0
Restricted cash, non-current	183,000	1	659,000	4	3
Deferred contract costs, non-current	28	32	36	35	26
Intangible assets, net	2	2	5	9	14
Goodwill	13	13	13	13	13
Other assets	6	4	3	4	3
Total assets	618	606	741	738	740
Accounts payable	8	6	3	15	35
Accrued expenses and other current liabilities	32	31	28	31	40
Content costs payable	33	38	40	37	36
Accrued compensation and benefits	28	29	24	23	22
Operating lease liabilities, current	5	3	6	7	0
Deferred revenue, current	294	291	279	274	208
Total current liabilities	400	397	380	387	341
Operating lease liabilities, non-current	6	8	1	7	0
Deferred revenue, non-current	1	2	3	4	2
Other liabilities, non-current	234,000	6,000	48,000	464,000	7
Total liabilities	407	408	384	398	350
Note 8 Commitments and contingencies	—	—	—	—	—
Common stock, $0.00001 par value - 950,000,000 shares authorized; 145,050,642 and 147,484,280 shares issued and outstanding as of December 31, 2025, and December 31, 2024, respectively.	1,000	1,000	2,000	1,000	1,000
Additional paid-in capital	1,011	1,002	1,077	952	848
Accumulated other comprehensive income (loss)	162,000	−11,000	80,000	−233,000	−1,000
Accumulated deficit	−801	−805	−720	−612	−459
Total stockholders equity	210	197	357	339	390
Total liabilities and stockholders' equity	618	606	741	738	740

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	25	25	25	21	15
Amortization of deferred contract costs	66	60	48	32	18
Stock-based compensation	69	90	96	81	35
Allowance for credit losses	3	2	2	960,000	326,000
Net (accretion) amortization of marketable securities	−3	−8	−7	−896,000	0
Non-cash operating lease expense	4	5	6	6	0
Unrealized loss on strategic investments	0	10	2	3	0
Other	2	3	1	690,000	0
Accounts receivable	−11	3	10	−32	−27
Prepaid expenses and other assets	−4	−5	−6	−4,000	−10
Deferred contract costs	−64	−58	−57	−53	−37
Accounts payable, accrued expenses and other liabilities	3	10	−14	−29	7
Content costs payable	−4	−3	3	1	4
Operating lease liabilities	−2	−6	−7	−6	0
Deferred revenue	2	11	4	68	67
Net cash provided by (used in) operating activities	88	53	−2	−61	−7
Purchases of marketable securities	−183	−337	−308	−159	0
Proceeds from maturities and sales of marketable securities	222	353	296	8	0
Purchases of property and equipment	−6	−2	−632,000	−2	−5
Capitalized software costs	−12	−12	−12	−14	−13
Payments related to asset acquisitions	−2	0	0	−2	−24
Net cash provided by (used in) investing activities	21	1	−25	−173	−53
Net proceeds from exercise of stock options	70,000	2	18	7	11
Proceeds from share purchases under employee stock purchase plan	4	7	8	9	0
Taxes paid related to net share settlement of equity awards	−20	−31	−7	0	0
Repurchases of common stock and excise taxes paid	−51	−150	0	0	—
Payments of debt issuance costs	−1	0	0	—	—
Net cash provided by (used in) financing activities	−68	−172	19	15	419
Effect of foreign exchange rates on cash flows	238,000	−116,000	20,000	−25,000	0
Net increase (decrease) in cash, cash equivalents and restricted cash	40	−118	−8	−219	359
Interest paid	299,000	0	3	23,000	90,000
Income taxes paid	5	1	1	678,000	385,000
Stock-based compensation in capitalized costs	7	9	9	6	3
Net change in unrealized gain (loss) on marketable securities	40,000	21,000	289,000	−213,000	0
Increase (decrease) in purchases of property and equipment included in liabilities	−500,000	630,000	−56,000	22,000	—
Operating lease right-of-use assets exchanged for operating lease liabilities	2	10	0	0	—
Accrued excise tax on share repurchases	117,000	876,000	0	0	—

Filings

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Frequently asked questions

What is Udemy, Inc.'s CIK number?

Udemy, Inc.'s SEC CIK number is 0001607939 (1607939). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find Udemy, Inc.'s SEC filings?

All of Udemy, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did Udemy, Inc. last report earnings?

Udemy, Inc. (UDMY) most recently filed an earnings 8-K with the SEC on Feb 5, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001607939-26-000006). This is Udemy, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is Udemy, Inc.'s most recent earnings 8-K?

Udemy, Inc.'s latest earnings 8-K (Item 2.02) was filed Feb 5, 2026 under accession 0001607939-26-000006. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View Udemy, Inc.'s latest earnings 8-K →
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