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Udemy (UDMY) Financials

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$7.36 +0.49 (+7.13%)
Closing price 05/27/2025 04:00 PM Eastern
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$7.36 +0.00 (+0.07%)
As of 05/27/2025 07:57 PM Eastern
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Annual Income Statements for Udemy

Annual Income Statements for Udemy

This table shows Udemy's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Net Income / (Loss) Attributable to Common Shareholders
-85 -107 -154 -80 -78 -70
Consolidated Net Income / (Loss)
-85 -107 -154 -80 -78 -70
Net Income / (Loss) Continuing Operations
-85 -107 -154 -80 -78 -70
Total Pre-Tax Income
-81 -104 -152 -79 -74 -68
Total Operating Income
-89 -122 -151 -78 -73 -68
Total Gross Profit
492 419 354 280 221 133
Total Revenue
787 729 629 516 430 276
Operating Revenue
787 729 629 516 430 276
Total Cost of Revenue
295 310 275 236 209 144
Operating Cost of Revenue
295 310 275 236 209 144
Total Operating Expenses
581 541 505 358 294 201
Selling, General & Admin Expense
96 94 99 64 51 40
Marketing Expense
343 317 301 227 193 126
Research & Development Expense
125 120 105 66 51 34
Restructuring Charge
17 10 0.00 0.00 - -
Total Other Income / (Expense), net
8.39 18 -0.40 -0.94 -1.09 -0.30
Interest Expense
-0.38 0.52 1.25 0.22 - -
Interest & Investment Income
20 21 5.55 0.20 -1.15 0.09
Other Income / (Expense), net
-12 -1.90 -4.70 -0.92 0.06 -0.38
Income Tax Expense
4.35 3.65 2.29 1.18 3.15 1.38
Basic Earnings per Share
($0.56) ($0.71) ($1.09) ($1.46) ($2.33) ($2.57)
Weighted Average Basic Shares Outstanding
151.32M 150.10M 140.87M 54.97M 33.38M 27.10M
Diluted Earnings per Share
($0.56) ($0.71) ($1.09) ($1.46) ($2.33) ($2.57)
Weighted Average Diluted Shares Outstanding
151.32M 150.10M 140.87M 54.97M 33.38M 27.10M
Weighted Average Basic & Diluted Shares Outstanding
147.74M 158.09M 145.36M 139.53M - -

Quarterly Income Statements for Udemy

This table shows Udemy's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Income / (Loss) Attributable to Common Shareholders
-1.77 -9.86 -25 -32 -18 -20 -17 -26 -45 -52 -47
Consolidated Net Income / (Loss)
-1.77 -9.86 -25 -32 -18 -20 -17 -26 -45 -52 -47
Net Income / (Loss) Continuing Operations
-1.77 -9.86 -25 -32 -18 -20 -17 -26 -45 -52 -47
Total Pre-Tax Income
-0.83 -8.21 -24 -31 -17 -20 -16 -25 -43 -51 -46
Total Operating Income
-4.49 -12 -29 -26 -23 -26 -21 -27 -47 -54 -43
Total Gross Profit
129 127 123 121 121 110 107 102 100 91 89
Total Revenue
200 200 195 194 197 190 185 178 176 165 158
Operating Revenue
200 200 195 194 197 190 185 178 176 165 158
Total Cost of Revenue
71 73 72 73 76 80 77 76 77 74 69
Operating Cost of Revenue
71 73 72 73 76 80 77 76 77 74 69
Total Operating Expenses
134 139 153 147 143 136 129 130 147 145 133
Selling, General & Admin Expense
25 22 22 27 25 23 22 23 26 27 27
Marketing Expense
83 83 86 87 87 83 76 77 80 89 77
Research & Development Expense
25 29 33 32 31 30 30 30 31 30 28
Restructuring Charge
1.47 5.41 11 0.00 0.00 - 0.00 0.14 10 - 0.00
Total Other Income / (Expense), net
3.66 3.39 5.05 -5.47 5.42 6.14 5.54 2.78 3.79 3.08 -2.93
Interest Expense
0.02 0.05 -0.50 0.08 0.00 0.05 0.12 -0.05 0.39 - 1.02
Interest & Investment Income
3.58 4.01 4.73 5.20 5.73 5.91 5.54 4.89 4.32 3.57 1.61
Other Income / (Expense), net
0.10 -0.58 -0.19 -11 -0.31 0.28 0.12 -2.16 -0.14 -0.26 -3.52
Income Tax Expense
0.94 1.66 0.86 0.80 1.03 0.73 0.81 1.06 1.06 1.14 0.51
Basic Earnings per Share
($0.01) ($0.06) ($0.17) ($0.21) ($0.12) ($0.12) ($0.11) ($0.17) ($0.31) ($0.37) ($0.33)
Weighted Average Basic Shares Outstanding
148.03M 151.32M 149.18M 152.99M 156.57M 150.10M 151.31M 148.07M 145.74M 140.87M 140.95M
Diluted Earnings per Share
($0.01) ($0.06) ($0.17) ($0.21) ($0.12) ($0.12) ($0.11) ($0.17) ($0.31) ($0.37) ($0.33)
Weighted Average Diluted Shares Outstanding
148.03M 151.32M 149.18M 152.99M 156.57M 150.10M 151.31M 148.07M 145.74M 140.87M 140.95M
Weighted Average Basic & Diluted Shares Outstanding
148.73M 147.74M 145.90M 150.36M 153.10M 158.09M 153.33M 150.39M 146.77M 145.36M 141.32M

Annual Cash Flow Statements for Udemy

This table details how cash moves in and out of Udemy's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Net Change in Cash & Equivalents
-118 -7.76 -219 359 126 9.42
Net Cash From Operating Activities
53 -2.01 -61 -7.10 9.62 -16
Net Cash From Continuing Operating Activities
53 -2.01 -61 -7.10 9.62 -16
Net Income / (Loss) Continuing Operations
-85 -107 -154 -80 -78 -70
Consolidated Net Income / (Loss)
-85 -107 -154 -80 -78 -70
Depreciation Expense
25 25 21 15 11 8.74
Amortization Expense
51 47 31 18 7.49 3.04
Non-Cash Adjustments To Reconcile Net Income
106 97 94 39 38 13
Changes in Operating Assets and Liabilities, net
-45 -63 -53 0.43 30 29
Net Cash From Investing Activities
1.08 -25 -173 -53 -15 15
Net Cash From Continuing Investing Activities
1.08 -25 -173 -53 -15 15
Purchase of Property, Plant & Equipment
-15 -13 -16 -18 -15 -11
Acquisitions
0.00 0.00 -1.50 -24 0.00 0.00
Purchase of Investments
-337 -308 -164 -10 0.00 -1.54
Sale and/or Maturity of Investments
353 296 7.50 0.00 0.00 27
Net Cash From Financing Activities
-172 19 15 419 131 11
Net Cash From Continuing Financing Activities
-172 19 15 419 131 11
Repayment of Debt
-31 -6.76 0.00 0.00 - -
Repurchase of Common Equity
-150 0.00 0.00 -2.25 0.00 0.00
Issuance of Common Equity
7.05 8.04 9.19 415 0.00 0.00
Other Financing Activities, net
2.35 18 5.56 5.70 10 11
Effect of Exchange Rate Changes
-0.12 0.02 -0.03 0.00 0.00 -
Cash Interest Paid
0.00 3.19 0.02 0.09 0.05 0.01
Cash Income Taxes Paid
1.28 1.42 0.68 0.39 0.15 0.12

Quarterly Cash Flow Statements for Udemy

This table details how cash moves in and out of Udemy's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Change in Cash & Equivalents
-1.08 -14 -68 13 -49 -22 4.75 47 -38 -114 -84
Net Cash From Operating Activities
12 9.58 -6.10 29 21 -7.27 12 13 -20 -31 -14
Net Cash From Continuing Operating Activities
12 9.56 -6.19 29 21 -7.27 12 14 -20 -31 -14
Net Income / (Loss) Continuing Operations
-1.77 -9.86 -25 -32 -18 -20 -17 -26 -45 -52 -47
Consolidated Net Income / (Loss)
-1.77 -9.86 -25 -32 -18 -20 -17 -26 -45 -52 -47
Depreciation Expense
6.21 5.91 6.34 6.69 6.48 6.52 6.18 6.10 5.79 5.60 5.42
Amortization Expense
15 11 17 11 13 13 12 13 8.69 8.96 5.35
Non-Cash Adjustments To Reconcile Net Income
16 32 18 40 16 25 23 23 26 33 37
Changes in Operating Assets and Liabilities, net
-24 -29 -22 2.40 3.26 -31 -13 -2.59 -16 -27 -15
Net Cash From Investing Activities
-7.41 -13 -5.70 24 -3.77 -21 -10 26 -19 -89 -72
Net Cash From Continuing Investing Activities
-7.41 -13 -5.70 24 -3.77 -21 -10 26 -19 -89 -72
Purchase of Property, Plant & Equipment
-5.12 -3.41 -4.10 -3.81 -3.46 -3.31 -3.13 -3.27 -3.36 -3.68 -4.71
Purchase of Investments
-79 -97 -93 -57 -89 -82 -100 -68 -58 -92 -66
Sale and/or Maturity of Investments
76 87 92 84 89 65 92 97 43 7.50 -
Net Cash From Financing Activities
-5.91 -10 -56 -39 -66 6.16 3.57 8.29 1.18 4.99 1.95
Net Cash From Continuing Financing Activities
-5.91 -10 -56 -39 -66 6.16 3.57 8.29 1.18 4.99 1.95
Repayment of Debt
-5.95 -5.46 -5.55 -8.18 -12 -6.76 - - 0.00 - -
Repurchase of Common Equity
0.00 -8.73 -51 -35 -55 - - - 0.00 - -
Other Financing Activities, net
0.04 1.42 0.48 - - 9.63 3.57 3.53 1.18 1.36 1.95
Effect of Exchange Rate Changes
0.04 -0.18 0.08 0.03 -0.05 0.14 -0.09 -0.01 -0.02 0.01 -0.03
Cash Interest Paid
0.00 - - - 0.00 0.00 2.62 0.08 0.49 0.01 0.00
Cash Income Taxes Paid
0.81 0.12 0.56 0.53 0.07 0.08 0.35 0.95 0.04 0.16 0.13

Annual Balance Sheets for Udemy

This table presents Udemy's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020
Total Assets
606 741 738 740 282
Total Current Assets
506 632 615 642 237
Cash & Equivalents
191 306 314 534 175
Restricted Cash
0.10 3.33 0.00 - -
Short-Term Investments
164 171 152 0.00 -
Accounts Receivable
88 93 105 73 46
Prepaid Expenses
23 21 15 16 6.04
Other Current Assets
41 39 30 19 9.64
Plant, Property, & Equipment, net
4.53 4.44 7.01 9.89 9.11
Total Noncurrent Assets
95 104 116 88 36
Long-Term Investments
0.00 10 12 10 -
Goodwill
13 13 13 13 0.00
Intangible Assets
34 37 37 34 14
Other Noncurrent Operating Assets
48 45 54 32 22
Total Liabilities & Shareholders' Equity
606 741 738 740 282
Total Liabilities
408 384 398 350 269
Total Current Liabilities
397 380 387 341 264
Accounts Payable
6.31 2.51 15 35 24
Accrued Expenses
31 28 31 40 47
Current Deferred Revenue
291 279 274 208 141
Current Employee Benefit Liabilities
29 24 23 22 20
Other Current Liabilities
40 46 44 36 31
Total Noncurrent Liabilities
11 4.17 11 8.81 4.86
Noncurrent Deferred Revenue
2.44 3.00 4.34 2.28 0.94
Other Noncurrent Operating Liabilities
8.32 1.17 7.01 6.53 3.93
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
197 357 339 390 -261
Total Preferred & Common Equity
197 357 339 390 -261
Total Common Equity
197 357 339 390 -261
Common Stock
1,002 1,077 952 848 118
Retained Earnings
-805 -720 -612 -459 -379
Accumulated Other Comprehensive Income / (Loss)
-0.01 0.08 -0.23 -0.00 -

Quarterly Balance Sheets for Udemy

This table presents Udemy's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q3 2024 Q2 2024 Q1 2024 Q3 2023 Q2 2023 Q1 2023 Q3 2022
Period end date 3/31/2025 9/30/2024 6/30/2024 3/31/2024 9/30/2023 6/30/2023 3/31/2023 9/30/2022
Total Assets
639 609 672 708 736 722 717 730
Total Current Assets
541 508 568 603 622 605 595 608
Cash & Equivalents
190 205 272 257 328 323 276 428
Restricted Cash
0.00 0.10 0.10 3.33 0.10 - - -
Short-Term Investments
167 153 149 174 151 142 170 66
Accounts Receivable
111 81 82 100 83 87 96 72
Prepaid Expenses
26 25 20 26 18 14 17 13
Other Current Assets
47 45 45 44 41 39 36 29
Plant, Property, & Equipment, net
6.77 3.32 3.84 4.07 4.98 5.49 6.21 7.82
Total Noncurrent Assets
91 98 100 101 110 111 116 114
Goodwill
13 13 13 13 13 13 13 13
Intangible Assets
33 36 36 36 37 38 37 36
Other Noncurrent Operating Assets
46 49 51 42 50 51 54 53
Total Liabilities & Shareholders' Equity
639 609 672 708 736 722 717 730
Total Liabilities
430 413 420 412 391 389 392 374
Total Current Liabilities
420 403 409 408 386 384 383 358
Accounts Payable
4.43 4.27 3.67 3.08 5.66 5.31 11 17
Accrued Expenses
30 25 35 31 31 27 26 37
Current Deferred Revenue
326 300 310 316 280 285 276 238
Current Employee Benefit Liabilities
22 32 20 20 25 22 27 25
Other Current Liabilities
37 41 40 39 45 44 42 41
Total Noncurrent Liabilities
9.32 9.79 11 3.68 4.20 5.49 9.29 16
Noncurrent Deferred Revenue
2.03 2.36 2.46 2.34 2.52 2.18 4.35 3.10
Other Noncurrent Operating Liabilities
7.29 7.43 8.39 1.34 1.68 3.31 4.94 13
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
209 196 252 296 346 333 325 357
Total Preferred & Common Equity
209 196 252 296 346 333 325 357
Total Common Equity
209 196 252 296 346 333 325 357
Common Stock
1,016 991 1,022 1,035 1,045 1,016 982 917
Retained Earnings
-807 -795 -770 -738 -699 -683 -657 -560
Accumulated Other Comprehensive Income / (Loss)
-0.02 0.20 -0.04 -0.07 -0.06 -0.05 -0.10 -0.27

Annual Metrics And Ratios for Udemy

This table displays calculated financial ratios and metrics derived from Udemy's official financial filings.

Metric 2024 2023 2022 2021 2020 2019
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Growth Metrics
- - - - - -
Revenue Growth
7.91% 15.87% 22.00% 19.95% 55.58% 0.00%
EBITDA Growth
54.05% 49.00% -125.87% 16.53% 3.27% 0.00%
EBIT Growth
18.43% 20.59% -97.76% -7.50% -7.18% 0.00%
NOPAT Growth
26.72% 19.38% -94.06% -6.17% -7.86% 0.00%
Net Income Growth
20.51% 30.27% -92.28% -3.10% -11.36% 0.00%
EPS Growth
21.13% 34.86% 25.34% 37.34% 9.34% 0.00%
Operating Cash Flow Growth
2,745.54% 96.71% -758.07% -173.82% 158.49% 0.00%
Free Cash Flow Firm Growth
56.49% 26.29% -96.58% -156.22% 0.00% 0.00%
Invested Capital Growth
-17.55% 3.24% 10.38% 4.61% 0.00% 0.00%
Revenue Q/Q Growth
1.34% 3.44% 4.99% 0.00% 0.00% 0.00%
EBITDA Q/Q Growth
29.63% 39.11% -9.94% 0.00% 0.00% 0.00%
EBIT Q/Q Growth
11.56% 18.97% -9.25% 0.00% 0.00% 0.00%
NOPAT Q/Q Growth
13.60% 18.92% -9.53% 0.00% 0.00% 0.00%
Net Income Q/Q Growth
10.85% 22.92% -7.53% 0.00% 0.00% 0.00%
EPS Q/Q Growth
9.68% 26.04% 2.68% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth
46.56% 92.11% -118.05% -172.15% 0.00% 0.00%
Free Cash Flow Firm Q/Q Growth
29.52% 18.93% 0.00% 0.00% 0.00% 0.00%
Invested Capital Q/Q Growth
2.37% 7.17% 7.61% 0.00% 0.00% 0.00%
Profitability Metrics
- - - - - -
Gross Margin
62.54% 57.53% 56.24% 54.23% 51.33% 48.07%
EBITDA Margin
-3.08% -7.23% -16.42% -8.87% -12.74% -20.50%
Operating Margin
-11.36% -16.72% -24.03% -15.11% -17.07% -24.62%
EBIT Margin
-12.84% -16.98% -24.78% -15.29% -17.06% -24.76%
Profit (Net Income) Margin
-10.84% -14.72% -24.46% -15.52% -18.06% -25.22%
Tax Burden Percent
105.37% 103.52% 101.51% 101.50% 104.23% 102.01%
Interest Burden Percent
80.15% 83.72% 97.24% 100.02% 101.56% 99.87%
Effective Tax Rate
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Equity (ROE)
-30.77% -30.82% -42.21% -39.70% -578.43% 0.00%
Cash Return on Invested Capital (CROIC)
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Return on Assets (OROA)
-15.00% -16.74% -21.10% -15.43% -25.99% 0.00%
Return on Assets (ROA)
-12.67% -14.51% -20.83% -15.66% -27.52% 0.00%
Return on Common Equity (ROCE)
-30.77% -30.82% -42.21% -12.71% 11,236.97% 0.00%
Return on Equity Simple (ROE_SIMPLE)
-43.21% -30.06% -45.35% -20.54% 29.78% 0.00%
Net Operating Profit after Tax (NOPAT)
-63 -85 -106 -55 -51 -48
NOPAT Margin
-7.95% -11.71% -16.82% -10.58% -11.95% -17.23%
Net Nonoperating Expense Percent (NNEP)
-5.39% -4.54% -9.41% -7.09% -30.00% 0.00%
Return On Investment Capital (ROIC_SIMPLE)
-31.68% -23.91% -31.19% - - -
Cost of Revenue to Revenue
37.46% 42.47% 43.76% 45.77% 48.67% 51.93%
SG&A Expenses to Revenue
12.23% 12.88% 15.75% 12.49% 11.81% 14.49%
R&D to Revenue
15.95% 16.51% 16.62% 12.82% 11.78% 12.44%
Operating Expenses to Revenue
73.90% 74.25% 80.27% 69.34% 68.39% 72.68%
Earnings before Interest and Taxes (EBIT)
-101 -124 -156 -79 -73 -68
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
-24 -53 -103 -46 -55 -57
Valuation Ratios
- - - - - -
Price to Book Value (P/BV)
6.08 6.33 4.39 6.97 0.00 0.00
Price to Tangible Book Value (P/TBV)
7.96 7.34 5.14 7.91 0.00 0.00
Price to Revenue (P/Rev)
1.53 3.10 2.37 5.27 0.98 1.52
Price to Earnings (P/E)
0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)
0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Revenue (EV/Rev)
1.08 2.43 1.61 4.21 1.21 0.00
Enterprise Value to EBITDA (EV/EBITDA)
0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)
0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)
0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)
15.95 0.00 0.00 0.00 53.99 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 0.00 0.00 4.71 0.00
Leverage & Solvency
- - - - - -
Debt to Equity
0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to Equity
0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage
-1.52 -1.39 -1.40 -1.78 -13.04 0.00
Leverage Ratio
2.43 2.12 2.03 2.54 21.02 0.00
Compound Leverage Factor
1.95 1.78 1.97 2.54 21.35 0.00
Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 2,042.66% 0.00%
Common Equity to Total Capital
100.00% 100.00% 100.00% 100.00% -1,942.66% 0.00%
Debt to EBITDA
0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to EBITDA
0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to EBITDA
0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT
0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to NOPAT
0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to NOPAT
0.00 0.00 0.00 0.00 0.00 0.00
Altman Z-Score
0.87 3.01 1.61 4.62 -0.39 0.00
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 68.00% 2,042.66% 0.00%
Liquidity Ratios
- - - - - -
Current Ratio
1.27 1.66 1.59 1.88 0.90 0.00
Quick Ratio
1.11 1.50 1.47 1.78 0.84 0.00
Cash Flow Metrics
- - - - - -
Free Cash Flow to Firm (FCFF)
-39 -90 -122 -62 110 0.00
Operating Cash Flow to CapEx
359.01% -15.35% -387.67% -39.03% 66.20% -147.96%
Free Cash Flow to Firm to Interest Expense
0.00 -173.38 -97.39 -281.72 0.00 0.00
Operating Cash Flow to Interest Expense
0.00 -3.87 -48.73 -32.29 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense
0.00 -29.09 -61.30 -115.03 0.00 0.00
Efficiency Ratios
- - - - - -
Asset Turnover
1.17 0.99 0.85 1.01 1.52 0.00
Accounts Receivable Turnover
8.70 7.40 7.08 8.63 9.29 0.00
Inventory Turnover
0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover
175.32 127.31 74.45 54.30 47.21 0.00
Accounts Payable Turnover
66.83 36.35 11.20 8.09 8.83 0.00
Days Sales Outstanding (DSO)
41.94 49.34 51.55 42.27 39.27 0.00
Days Inventory Outstanding (DIO)
0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)
5.46 10.04 32.58 45.11 41.36 0.00
Cash Conversion Cycle (CCC)
36.48 39.30 18.97 -2.84 -2.08 0.00
Capital & Investment Metrics
- - - - - -
Invested Capital
-157 -134 -138 -154 -162 0.00
Invested Capital Turnover
-5.41 -5.36 -4.30 -3.27 -5.32 0.00
Increase / (Decrease) in Invested Capital
-23 4.48 16 7.44 -162 0.00
Enterprise Value (EV)
846 1,768 1,013 2,171 520 0.00
Market Capitalization
1,201 2,259 1,491 2,715 421 421
Book Value per Share
$1.35 $2.33 $2.40 $2.80 ($7.81) $0.00
Tangible Book Value per Share
$1.03 $2.01 $2.05 $2.47 ($8.23) $0.00
Total Capital
197 357 339 390 13 0.00
Total Debt
0.00 0.00 0.00 0.00 0.00 0.00
Total Long-Term Debt
0.00 0.00 0.00 0.00 0.00 0.00
Net Debt
-355 -491 -477 -544 -175 0.00
Capital Expenditures (CapEx)
15 13 16 18 15 11
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-246 -228 -237 -233 -202 0.00
Debt-free Net Working Capital (DFNWC)
109 252 228 301 -27 0.00
Net Working Capital (NWC)
109 252 228 301 -27 0.00
Net Nonoperating Expense (NNE)
23 22 48 25 26 22
Net Nonoperating Obligations (NNO)
-355 -491 -477 -544 -175 0.00
Total Depreciation and Amortization (D&A)
77 71 53 33 19 12
Debt-free, Cash-free Net Working Capital to Revenue
-31.23% -31.29% -37.72% -45.25% -46.96% 0.00%
Debt-free Net Working Capital to Revenue
13.84% 34.60% 36.26% 58.28% -6.25% 0.00%
Net Working Capital to Revenue
13.84% 34.60% 36.26% 58.28% -6.25% 0.00%
Earnings Adjustments
- - - - - -
Adjusted Basic Earnings per Share
($0.56) ($0.71) ($1.09) $0.00 $0.00 $0.00
Adjusted Weighted Average Basic Shares Outstanding
151.32M 150.10M 140.87M 0.00 0.00 0.00
Adjusted Diluted Earnings per Share
($0.56) ($0.71) ($1.09) $0.00 $0.00 $0.00
Adjusted Weighted Average Diluted Shares Outstanding
151.32M 150.10M 140.87M 0.00 0.00 0.00
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
147.74M 158.09M 145.36M 0.00 0.00 0.00
Normalized Net Operating Profit after Tax (NOPAT)
-51 -78 -106 -55 -51 -48
Normalized NOPAT Margin
-6.46% -10.72% -16.82% -10.58% -11.95% -17.23%
Pre Tax Income Margin
-10.29% -14.22% -24.10% -15.29% -17.32% -24.73%
Debt Service Ratios
- - - - - -
EBIT to Interest Expense
0.00 -238.98 -124.61 -358.30 0.00 0.00
NOPAT to Interest Expense
0.00 -164.72 -84.60 -247.89 0.00 0.00
EBIT Less CapEx to Interest Expense
0.00 -264.21 -137.18 -441.05 0.00 0.00
NOPAT Less CapEx to Interest Expense
0.00 -189.95 -97.17 -330.63 0.00 0.00
Payout Ratios
- - - - - -
Dividend Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio
-176.25% 0.00% 0.00% -2.81% 0.00% 0.00%

Quarterly Metrics And Ratios for Udemy

This table displays calculated financial ratios and metrics derived from Udemy's official financial filings.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Growth Metrics
- - - - - - - - - - -
Revenue Growth
1.75% 5.49% 5.79% 9.04% 11.57% 14.65% 16.59% 16.41% 15.90% 22.06% 22.28%
EBITDA Growth
612.90% 171.04% -123.37% -70.96% 89.90% 85.02% 91.74% 19.85% -135.10% -30.68% -3,358.60%
EBIT Growth
80.93% 52.04% -38.69% -21.97% 51.42% 53.31% 54.30% -1.45% -85.52% -32.08% -379.93%
NOPAT Growth
80.24% 54.82% -37.04% 6.98% 51.92% 52.57% 50.30% 3.73% -86.75% -32.12% -352.89%
Net Income Growth
90.34% 51.28% -50.72% -23.62% 58.83% 61.18% 64.09% 12.41% -73.67% -26.02% -404.14%
EPS Growth
91.67% 50.00% -54.55% -23.53% 61.29% 67.57% 66.67% 19.05% -72.22% 7.50% -32.00%
Operating Cash Flow Growth
-41.77% 231.84% -152.28% 111.93% 205.40% 76.31% 184.32% 648.41% -42.36% -1,424.34% -251.64%
Free Cash Flow Firm Growth
-879.78% 168.36% 82.12% 128.47% 99.27% 58.34% -130.82% -121.73% -136.24% 0.00% 45.88%
Invested Capital Growth
0.12% -17.55% -11.76% -18.27% -11.77% 3.24% 3.71% 6.25% 9.07% 10.38% -184.99%
Revenue Q/Q Growth
0.18% 2.32% 0.54% -1.26% 3.85% 2.61% 3.64% 1.03% 6.71% 4.35% 3.47%
EBITDA Q/Q Growth
302.91% 163.74% 64.04% -455.44% 44.19% -100.40% 72.48% 67.19% 17.22% -10.52% -167.05%
EBIT Q/Q Growth
63.90% 58.94% 17.95% -56.83% 9.22% -18.73% 27.85% 37.53% 12.76% -16.20% -60.19%
NOPAT Q/Q Growth
61.26% 60.64% -15.32% -12.39% 11.42% -19.37% 21.72% 41.91% 12.61% -25.07% -51.61%
Net Income Q/Q Growth
82.05% 60.97% 20.57% -73.48% 9.43% -20.76% 34.85% 42.23% 14.59% -11.69% -58.93%
EPS Q/Q Growth
83.33% 64.71% 19.05% -75.00% 0.00% -9.09% 35.29% 45.16% 16.22% -12.12% -57.14%
Operating Cash Flow Q/Q Growth
27.43% 257.08% -121.33% 36.35% 388.51% -162.30% -13.52% 167.81% 35.16% -121.76% -462.48%
Free Cash Flow Firm Q/Q Growth
-121.67% 516.76% -144.99% 2,511.67% 98.49% -9.01% 28.36% 37.91% 14.08% -180.64% -49.49%
Invested Capital Q/Q Growth
6.04% 2.37% 4.63% -14.16% -10.59% 7.17% -0.92% -7.89% 4.27% 7.61% 1.75%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
64.62% 63.62% 62.97% 62.32% 61.25% 57.95% 58.17% 57.40% 56.53% 55.25% 56.40%
EBITDA Margin
8.52% 2.12% -3.40% -9.51% -1.69% -3.14% -1.61% -6.06% -18.67% -24.07% -22.73%
Operating Margin
-2.24% -5.80% -15.07% -13.14% -11.55% -13.54% -11.64% -15.41% -26.80% -32.72% -27.30%
EBIT Margin
-2.19% -6.09% -15.17% -18.59% -11.70% -13.39% -11.57% -16.62% -26.88% -32.88% -29.52%
Profit (Net Income) Margin
-0.88% -4.93% -12.93% -16.37% -9.32% -10.68% -9.08% -14.44% -25.25% -31.54% -29.47%
Tax Burden Percent
212.35% 120.20% 103.54% 102.59% 105.93% 103.73% 105.08% 104.28% 102.43% 102.22% 101.11%
Interest Burden Percent
18.98% 67.42% 82.34% 85.83% 75.15% 76.92% 74.65% 83.31% 91.71% 93.86% 98.73%
Effective Tax Rate
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Equity (ROE)
-27.17% -30.77% -35.30% -29.78% -26.09% -30.82% -39.64% -47.77% -48.97% -42.21% -78.64%
Cash Return on Invested Capital (CROIC)
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Return on Assets (OROA)
-2.57% -7.11% -17.50% -20.41% -12.31% -13.20% -11.12% -15.36% -24.12% -28.00% -34.68%
Return on Assets (ROA)
-1.04% -5.76% -14.92% -17.98% -9.80% -10.53% -8.72% -13.34% -22.66% -26.86% -34.62%
Return on Common Equity (ROCE)
-27.17% -30.77% -35.30% -29.78% -26.09% -30.82% -39.64% -47.77% -48.97% -42.21% -19.38%
Return on Equity Simple (ROE_SIMPLE)
-32.82% 0.00% -48.75% -34.56% -27.35% 0.00% -40.25% -50.77% -53.15% 0.00% -40.14%
Net Operating Profit after Tax (NOPAT)
-3.14 -8.12 -21 -18 -16 -18 -15 -19 -33 -38 -30
NOPAT Margin
-1.57% -4.06% -10.55% -9.20% -8.08% -9.48% -8.15% -10.79% -18.76% -22.90% -19.11%
Net Nonoperating Expense Percent (NNEP)
0.34% -0.41% -1.10% -3.11% -0.54% -0.47% -0.35% -1.30% -2.33% -2.80% -5.80%
Return On Investment Capital (ROIC_SIMPLE)
-1.50% -4.11% - - - -5.03% - - - -11.16% -
Cost of Revenue to Revenue
35.38% 36.38% 37.03% 37.68% 38.75% 42.05% 41.83% 42.60% 43.47% 44.75% 43.60%
SG&A Expenses to Revenue
12.49% 10.95% 11.39% 14.03% 12.58% 12.02% 11.99% 12.69% 14.93% 16.28% 17.07%
R&D to Revenue
12.46% 14.42% 16.87% 16.67% 15.86% 15.57% 16.41% 16.63% 17.51% 18.12% 17.71%
Operating Expenses to Revenue
66.87% 69.42% 78.05% 75.46% 72.79% 71.49% 69.81% 72.80% 83.32% 87.97% 83.70%
Earnings before Interest and Taxes (EBIT)
-4.39 -12 -30 -36 -23 -25 -21 -30 -47 -54 -47
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
17 4.23 -6.64 -18 -3.33 -5.96 -2.97 -11 -33 -40 -36
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
5.48 6.08 5.70 5.24 5.68 6.33 4.13 4.73 3.95 4.39 4.77
Price to Tangible Book Value (P/TBV)
7.00 7.96 7.58 6.50 6.80 7.34 4.83 5.57 4.67 5.14 5.53
Price to Revenue (P/Rev)
1.45 1.53 1.44 1.73 2.25 3.10 2.03 2.32 1.96 2.37 2.84
Price to Earnings (P/E)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Revenue (EV/Rev)
1.00 1.08 0.98 1.18 1.65 2.43 1.33 1.62 1.26 1.61 2.00
Enterprise Value to EBITDA (EV/EBITDA)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)
17.83 15.95 21.04 16.68 31.89 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to Equity
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage
-1.58 -1.52 -1.56 -1.53 -1.45 -1.39 -1.42 -1.42 -1.39 -1.40 -1.56
Leverage Ratio
2.66 2.43 2.48 2.38 2.29 2.12 2.09 2.07 2.06 2.03 2.80
Compound Leverage Factor
0.51 1.64 2.04 2.04 1.72 1.63 1.56 1.73 1.89 1.90 2.77
Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Debt to EBITDA
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to EBITDA
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to EBITDA
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to NOPAT
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to NOPAT
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Altman Z-Score
1.27 1.35 1.12 1.53 2.27 3.45 2.11 2.28 1.73 2.06 2.68
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 75.35%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
1.29 1.27 1.26 1.39 1.48 1.66 1.61 1.58 1.56 1.59 1.70
Quick Ratio
1.11 1.11 1.09 1.23 1.30 1.50 1.46 1.44 1.42 1.47 1.58
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-3.32 15 -3.68 8.18 -0.34 -22 -21 -29 -46 -54 67
Operating Cash Flow to CapEx
238.48% 280.83% -148.85% 751.04% 606.39% -219.58% 372.99% 412.32% -592.82% -834.97% -293.97%
Free Cash Flow to Firm to Interest Expense
-221.63 340.94 0.00 106.27 -113.10 -415.63 -166.04 0.00 -118.68 0.00 65.62
Operating Cash Flow to Interest Expense
814.00 212.93 0.00 371.32 6,989.67 -134.59 94.09 0.00 -51.01 0.00 -13.59
Operating Cash Flow Less CapEx to Interest Expense
472.67 137.11 0.00 321.88 5,837.00 -195.89 68.86 0.00 -59.62 0.00 -18.22
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
1.17 1.17 1.15 1.10 1.05 0.99 0.96 0.92 0.90 0.85 1.17
Accounts Receivable Turnover
7.49 8.70 9.46 9.05 7.64 7.40 9.13 8.68 7.96 7.08 10.68
Inventory Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover
145.85 175.32 186.94 164.14 145.87 127.31 110.11 98.53 86.28 74.45 65.11
Accounts Payable Turnover
77.04 66.83 60.71 68.23 44.58 36.35 26.75 26.13 21.10 11.20 12.27
Days Sales Outstanding (DSO)
48.73 41.94 38.57 40.31 47.78 49.34 39.99 42.05 45.85 51.55 34.18
Days Inventory Outstanding (DIO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)
4.74 5.46 6.01 5.35 8.19 10.04 13.65 13.97 17.30 32.58 29.76
Cash Conversion Cycle (CCC)
43.99 36.48 32.55 34.96 39.59 39.30 26.35 28.07 28.55 18.97 4.43
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
-148 -157 -161 -169 -148 -134 -144 -143 -132 -138 -150
Invested Capital Turnover
-5.35 -5.41 -5.09 -4.92 -5.35 -5.36 -4.80 -4.60 -4.70 -4.30 -5.93
Increase / (Decrease) in Invested Capital
0.18 -23 -17 -26 -16 4.48 5.54 9.52 13 16 -97
Enterprise Value (EV)
789 846 761 900 1,239 1,768 939 1,099 826 1,013 1,196
Market Capitalization
1,146 1,201 1,119 1,321 1,684 2,259 1,429 1,575 1,284 1,491 1,702
Book Value per Share
$1.42 $1.35 $1.31 $1.65 $1.89 $2.33 $2.30 $2.27 $2.24 $2.40 $2.53
Tangible Book Value per Share
$1.11 $1.03 $0.98 $1.33 $1.58 $2.01 $1.97 $1.93 $1.89 $2.05 $2.18
Total Capital
209 197 196 252 296 357 346 333 325 339 357
Total Debt
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Long-Term Debt
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt
-357 -355 -357 -421 -444 -491 -490 -476 -457 -477 -506
Capital Expenditures (CapEx)
5.12 3.41 4.10 3.81 3.46 3.31 3.13 3.27 3.36 3.68 4.71
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-236 -246 -252 -262 -239 -228 -244 -244 -233 -237 -244
Debt-free Net Working Capital (DFNWC)
121 109 105 159 195 252 235 222 212 228 250
Net Working Capital (NWC)
121 109 105 159 195 252 235 222 212 228 250
Net Nonoperating Expense (NNE)
-1.37 1.75 4.65 14 2.43 2.29 1.72 6.51 11 14 16
Net Nonoperating Obligations (NNO)
-357 -355 -357 -421 -444 -491 -490 -476 -457 -477 -506
Total Depreciation and Amortization (D&A)
21 16 23 18 20 19 18 19 14 15 11
Debt-free, Cash-free Net Working Capital to Revenue
-29.91% -31.23% -32.47% -34.22% -31.88% -31.29% -34.66% -35.92% -35.63% -37.72% -40.69%
Debt-free Net Working Capital to Revenue
15.28% 13.84% 13.55% 20.78% 26.04% 34.60% 33.38% 32.69% 32.53% 36.26% 41.75%
Net Working Capital to Revenue
15.28% 13.84% 13.55% 20.78% 26.04% 34.60% 33.38% 32.69% 32.53% 36.26% 41.75%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
($0.01) ($0.06) ($0.17) ($0.21) ($0.12) ($0.12) ($0.11) ($0.17) ($0.31) ($0.37) ($0.33)
Adjusted Weighted Average Basic Shares Outstanding
148.03M 151.32M 149.18M 152.99M 156.57M 150.10M 151.31M 148.07M 145.74M 140.87M 140.95M
Adjusted Diluted Earnings per Share
($0.01) ($0.06) ($0.17) ($0.21) ($0.12) ($0.12) ($0.11) ($0.17) ($0.31) ($0.37) ($0.33)
Adjusted Weighted Average Diluted Shares Outstanding
148.03M 151.32M 149.18M 152.99M 156.57M 150.10M 151.31M 148.07M 145.74M 140.87M 140.95M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
148.73M 147.74M 145.90M 150.36M 153.10M 158.09M 153.33M 150.39M 146.77M 145.36M 141.32M
Normalized Net Operating Profit after Tax (NOPAT)
-2.12 -4.33 -13 -18 -16 -18 -15 -19 -26 -38 -30
Normalized NOPAT Margin
-1.06% -2.17% -6.51% -9.20% -8.08% -9.48% -8.15% -10.73% -14.74% -22.90% -19.11%
Pre Tax Income Margin
-0.42% -4.10% -12.49% -15.96% -8.79% -10.30% -8.64% -13.85% -24.65% -30.86% -29.15%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
-292.93 -270.49 0.00 -469.22 -7,679.00 -469.94 -172.37 0.00 -121.59 0.00 -45.95
NOPAT to Interest Expense
-209.63 -180.35 0.00 -232.24 -5,303.43 -332.63 -121.35 0.00 -84.86 0.00 -29.74
EBIT Less CapEx to Interest Expense
-634.27 -346.31 0.00 -518.66 -8,831.67 -531.24 -197.60 0.00 -130.19 0.00 -50.57
NOPAT Less CapEx to Interest Expense
-550.96 -256.17 0.00 -281.68 -6,456.10 -393.93 -146.57 0.00 -93.46 0.00 -34.36
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio
-138.50% -176.25% -148.00% -103.91% -68.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Frequently Asked Questions About Udemy's Financials

When does Udemy's fiscal year end?

According to the most recent income statement we have on file, Udemy's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Udemy's net income changed over the last 5 years?

Udemy's net income appears to be on an upward trend, with a most recent value of -$85.29 million in 2024, rising from -$69.70 million in 2019. The previous period was -$107.29 million in 2023. View Udemy's forecast to see where analysts expect Udemy to go next.

What is Udemy's operating income?
Udemy's total operating income in 2024 was -$89.33 million, based on the following breakdown:
  • Total Gross Profit: $491.94 million
  • Total Operating Expenses: $581.27 million
How has Udemy revenue changed over the last 5 years?

Over the last 5 years, Udemy's total revenue changed from $276.33 million in 2019 to $786.57 million in 2024, a change of 184.7%.

How much debt does Udemy have?

Udemy's total liabilities were at $408.23 million at the end of 2024, a 6.2% increase from 2023, and a 51.9% increase since 2020.

How much cash does Udemy have?

In the past 4 years, Udemy's cash and equivalents has ranged from $175.03 million in 2020 to $533.87 million in 2021, and is currently $190.59 million as of their latest financial filing in 2024.

How has Udemy's book value per share changed over the last 5 years?

Over the last 5 years, Udemy's book value per share changed from 0.00 in 2019 to 1.35 in 2024, a change of 135.3%.



This page (NASDAQ:UDMY) was last updated on 5/28/2025 by MarketBeat.com Staff
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