Udemy, Inc. UDMY
Udemy, Inc., a learning company, that operates a marketplace platform for learning skills in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. It operates through Enterprise and Consumer segments. The company offers courses related to technology, business and soft skills, and personal development topics through its platform. It also provides professional services; learning architecture development and skills mapping; AI transformation packages; and seat-based subscription plans, including team plan, enterprise plan, and leadership academy, as well as the Udemy Business Pro add-on service. The company's platform gives access to interactive learning tools comprising quizzes and exercises, as well as the ability to ask questions and engage with the instructor directly; and Udemy AI assistant, a natural-language chat interface to help learners discover and engage with the company's content. It serves organizations, including enterprise and government customers; and individuals. Udemy, Inc. was incorporated in 2010 and is headquartered in San Francisco, California.
READ MORE ›Market & Price
Valuation
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Growth (CAGR)
PROS
- Profit CAGR of 34.2% over 5 years.
- Generates positive free cash flow.
CONS
- Trading at a high P/E of 159.0.
- Trading 38.0% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Consumer Defensive).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | UDMY Udemy, Inc. | 4.77 | 159.00 | $696.11M | - | 4.17% | 1.87% | 7.88% | 34.16% |
| 2 | WMT Walmart Inc. SPX | 115.75 | 40.76 | $922.64B | 0.86% | 18.21% | 24.13% | 5.27% | 23.30% |
| 3 | COST Costco Wholesale Corporation NDXSPX | 956.32 | 49.76 | $424.27B | 0.61% | 27.44% | 29.65% | 6.64% | 11.49% |
| 4 | KO The Coca-Cola Company SPX | 79.01 | 24.85 | $339.94B | 2.68% | 21.13% | 43.37% | 3.69% | 11.16% |
| 5 | PG The Procter & Gamble Company SPX | 143.56 | 21.02 | $334.29B | 2.97% | 23.63% | 31.11% | 1.67% | 2.71% |
| 6 | PM Philip Morris International Inc. SPX | 177.38 | 24.98 | $276.46B | 3.31% | 35.35% | - | 8.57% | 7.84% |
| 7 | PEP PepsiCo, Inc. NDXSPX | 144.19 | 22.64 | $197.10B | 4.11% | 15.23% | 43.88% | 2.83% | -2.57% |
| 8 | MO Altria Group, Inc. SPX | 69.58 | 14.53 | $116.19B | 6.09% | 40.85% | - | -0.89% | 6.42% |
| 9 | MNST Monster Beverage Corporation NDXSPX | 88.08 | 42.55 | $86.14B | - | 28.33% | 26.65% | 9.54% | 16.94% |
Quarterly Results
Figures in USD.
| Metric | Sep 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 118.44M | 124.55M | 126.09M | 129.56M | 152.22M | 153.11M | 158.43M | 176.43M | 178.24M | 184.72M | 196.85M | 194.36M | 195.42M | 199.94M | 200.30M | 199.88M | 195.68M | 193.99M | 191.41M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | 72.74M | 70.86M | 67.83M | 66.81M | 65.94M | - |
| Gross Profit | 69.51M | 66.63M | 70.10M | 71.58M | 85.78M | 87.30M | 89.35M | 99.73M | 102.30M | 107.46M | 120.56M | 121.12M | 123.06M | 127.20M | 129.44M | 132.05M | 128.87M | 128.05M | 129.27M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | 133.39M | 132.47M | 128.01M | 129.03M | 131.48M | - |
| Operating Income | 2.52M | -16.44M | -10.97M | -9.55M | -25.32M | -28.53M | -43.25M | -47.28M | -27.46M | -21.50M | -22.73M | -25.55M | -29.46M | -6.18M | -3.02M | 4.04M | -162.00K | -3.43M | -12.53M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | -278.00K | 5.39M | 14.46M | 9.24M | 5.35M | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 15.00K | 120.00K | 350.00K | 249.00K | - |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | -8.21M | -834.00K | 7.40M | 2.75M | -976.00K | - |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.66M | 937.00K | 1.13M | 1.11M | 1.35M | - |
| Net Income | 1.86M | -17.99M | -11.39M | -9.26M | -25.65M | -29.38M | -46.69M | -44.54M | -25.73M | -16.77M | -18.34M | -31.81M | -25.27M | -9.86M | -1.77M | 6.26M | 1.64M | -2.33M | -12.61M |
| Diluted EPS | 0.02 | -0.50 | -0.31 | -0.25 | -0.18 | -0.21 | -0.33 | -0.31 | -0.17 | -0.11 | -0.12 | -0.21 | -0.17 | -0.07 | -0.01 | 0.04 | 0.01 | -0.02 | -0.09 |
| R&D Expense | 11.95M | 15.41M | 14.78M | 16.70M | 22.57M | 23.96M | 28.06M | 30.89M | 29.64M | 30.31M | 31.22M | 32.41M | 32.98M | - | 24.96M | 26.36M | 25.58M | - | 26.79M |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | 276.33M | 429.90M | - | 629.10M | 728.94M | 786.57M | 789.84M |
| Cost of Revenue | - | - | - | 275.32M | 309.60M | 294.62M | 271.44M |
| Gross Profit | 132.82M | 220.65M | - | 353.78M | 419.34M | 491.94M | 518.41M |
| Operating Expenses | - | - | - | 504.97M | 530.97M | 564.58M | 520.98M |
| Operating Income | -68.03M | -73.38M | - | -151.19M | -111.63M | -72.64M | -2.58M |
| EBITDA | - | - | - | -129.12M | -78.53M | -47.22M | 34.43M |
| Interest Expense | - | - | 220.00K | 1.25M | 518.00K | - | 734.00K |
| Pretax Income | - | - | - | -151.59M | -103.64M | -80.94M | 8.34M |
| Tax Provision | - | - | - | 2.29M | 3.65M | 4.35M | 4.53M |
| Net Income | -69.70M | -77.62M | - | -153.88M | -107.29M | -85.29M | 3.81M |
| Diluted EPS | -2.57 | -2.33 | - | -1.09 | -0.71 | -0.56 | 0.03 |
| R&D Expense | 34.38M | 50.64M | 66.11M | 104.56M | 120.33M | 125.44M | 101.51M |
Compounded Sales Growth
| 5 Years: | 7.88% |
| 1 Year: | -3.00% |
Compounded Profit Growth
| 5 Years: | 34.16% |
| 1 Year: | - |
Stock Price Performance
| 1 Year: | -24.41% |
| 6 Months: | -15.28% |
| 3 Months: | -3.44% |
| 1 Month: | +1.92% |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | - | - | 282.10M | - | 737.57M | 741.20M | 605.63M | 617.70M |
| Current Assets | - | - | - | - | 615.01M | 632.33M | 506.33M | 524.21M |
| Cash & Equivalents | - | - | 175.03M | - | 313.69M | 305.56M | 190.59M | 231.49M |
| Inventory | - | - | - | - | - | - | - | - |
| Receivables | - | - | - | - | 104.53M | 92.56M | 88.22M | 95.89M |
| Total Liabilities | - | - | 268.68M | - | 398.26M | 384.30M | 408.23M | 407.24M |
| Current Liabilities | - | - | 263.81M | - | 386.91M | 380.13M | 397.48M | 400.07M |
| Long Term Debt | - | - | - | - | - | - | - | - |
| Total Debt | - | - | - | - | 13.55M | 6.95M | 10.82M | 10.23M |
| Total Equity | -183.57M | -225.59M | -260.69M | - | 339.31M | 356.89M | 197.39M | 210.46M |
| Shares Outstanding | - | - | - | - | 145.01M | 157.17M | 147.48M | 145.05M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -16.45M | 9.62M | - | -60.96M | -2.00M | 53.04M | 87.66M |
| Investing Cash Flow | 14.61M | -14.54M | - | -173.23M | -24.97M | 1.08M | 20.63M |
| Financing Cash Flow | 11.27M | 131.09M | - | 14.76M | 19.20M | -171.75M | -68.46M |
| Capital Expenditure | -3.33M | -5.18M | - | -15.72M | -13.07M | -14.78M | -17.68M |
| Free Cash Flow | -19.78M | 4.44M | - | -76.68M | -15.07M | 38.27M | 69.98M |
| Net Change in Cash | - | - | - | -219.43M | -7.78M | -117.63M | 39.82M |
| Share Buybacks | - | - | - | 0 | 0 | 150.32M | 50.97M |
Ratios (Annual)
Figures in %.
| Metric | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Gross Margin % | 48.1% | 51.3% | - | 56.2% | 57.5% | 62.5% | 65.6% |
| Operating Margin % | -24.6% | -17.1% | - | -24.0% | -15.3% | -9.2% | -0.3% |
| Net Margin % | -25.2% | -18.1% | - | -24.5% | -14.7% | -10.8% | 0.5% |
| ROE % | 30.9% | 29.8% | - | -45.3% | -30.1% | -43.2% | 1.8% |
| ROCE % | - | -401.4% | - | -43.1% | -30.9% | -34.9% | -1.2% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Insight Holdings Group, LLC | 26.06% | 38.03M | $181.41M |
| 2 | Caledonia (Private) Investments Pty Ltd | 9.23% | 13.47M | $64.23M |
| 3 | Vanguard Group Inc | 6.27% | 9.15M | $43.66M |
| 4 | Blackrock Inc. | 4.99% | 7.29M | $34.77M |
| 5 | Cypress Point Investment Management LP | 3.00% | 4.38M | $20.88M |
| 6 | J. Goldman & Co., L.P. | 2.91% | 4.24M | $20.24M |
| 7 | Westerly Capital Management, LLC | 2.74% | 4.00M | $19.08M |
| 8 | MAK Capital One LLC | 2.58% | 3.77M | $17.98M |
| 9 | Sea Cliff Partners Management, LP | 2.19% | 3.19M | $15.23M |
| 10 | Geode Capital Management, LLC | 1.56% | 2.28M | $10.88M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
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