UDMY
Udemy Inc
NASDAQ: UDMY · CONSUMER DEFENSIVE · EDUCATION & TRAINING SERVICES
$4.74
-2.47% today
Updated 2026-04-30
Market cap
$754.49M
P/E ratio
172.33
P/S ratio
0.96x
EPS (TTM)
$0.03
Dividend yield
—
52W range
$4 – $8
Volume
1.7M
Udemy Inc (UDMY) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $276.33M | $429.90M | $515.66M | $629.10M | $728.94M | $786.57M | $789.84M |
| Revenue growth (YoY) | — | +55.6% | +19.9% | +22.0% | +15.9% | +7.9% | +0.4% |
| Cost of revenue | $143.51M | $209.25M | $236.02M | $275.32M | $309.60M | $294.63M | $271.44M |
| Gross profit | $132.82M | $220.65M | $279.63M | $353.78M | $419.34M | $491.94M | $518.41M |
| Gross margin | 48.1% | 51.3% | 54.2% | 56.2% | 57.5% | 62.5% | 65.6% |
| R&D | $34.38M | $50.64M | $66.11M | $104.56M | $120.33M | $125.44M | $101.51M |
| SG&A | $40.03M | $50.78M | $64.41M | $99.06M | $93.90M | $96.20M | $93.02M |
| Operating income | $-68.03M | $-73.38M | $-77.91M | $-151.19M | $-121.89M | $-89.33M | $-2.58M |
| Operating margin | -24.6% | -17.1% | -15.1% | -24.0% | -16.7% | -11.4% | -0.3% |
| EBITDA | $-59.29M | $-62.27M | $-63.33M | $-129.12M | $-78.53M | $-89.33M | $33.70M |
| EBITDA margin | -21.5% | -14.5% | -12.3% | -20.5% | -10.8% | -11.4% | 4.3% |
| EBIT | $-68.03M | $-73.33M | $-78.62M | $-150.34M | $-103.12M | $-89.26M | $8.34M |
| Interest expense | $297000.00 | $1.15M | $32000.00 | $1.25M | $518000.00 | $379000.00 | $734000.00 |
| Income tax | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $-69.70M | $-77.62M | $-80.03M | $-153.88M | $-107.29M | $-85.29M | $3.81M |
| Net income growth (YoY) | — | -11.4% | -3.1% | -92.3% | +30.3% | +20.5% | +104.5% |
| Profit margin | -25.2% | -18.1% | -15.5% | -24.5% | -14.7% | -10.8% | 0.5% |