Udemy, Inc. (UDMY) — Financial statements
Income statement, balance sheet, and cash flow for Udemy, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 790↑0.4% | 787↑7.9% | 729↑15.9% | 629↑22.0% | 516 | |
| Cost of Revenue | 271↓7.9% | 295↓4.8% | 310↑12.5% | 275↑16.6% | 236 | |
| Gross Profit | 518↑5.4% | 492↑17.3% | 419↑18.5% | 354↑26.5% | 280 | |
| Operating Expenses | ||||||
| R&D Expenses | 102↓19.1% | 125↑4.2% | 120↑15.1% | 105↑58.2% | 66 | |
| General & Administrative Expenses | 93↓3.3% | 96↑2.5% | 94↓5.2% | 99↑53.8% | 64 | |
| Selling & Marketing Expenses | 326↓4.8% | 343↑8.3% | 317↑5.1% | 301↑32.7% | 227 | |
| SG&A Expenses | 419↓4.5% | 439↑6.9% | 411↑2.6% | 400↑37.4% | 291 | |
| Other Expenses | 0.00↓100.0% | 17↑62.6% | 10 | 0.00 | 0.00 | |
| Operating Expenses | 521↓10.4% | 581↑7.4% | 541↑7.2% | 505↑41.2% | 358 | |
| Total Costs & Expenses | 792↓9.5% | 876↑2.9% | 851↑9.0% | 780↑31.5% | 594 | |
| Operating Results | ||||||
| Operating Income | -3↑97.1% | -89↑26.7% | -122↑19.4% | -151↓94.1% | -78 | |
| Depreciation & Amortization | 25↑36852.2% | -0.07↓100.3% | 25↑15.9% | 21↑38.7% | 15 | |
| EBITDA | 34↑137.7% | -89↓13.7% | -79↑39.2% | -129↓103.9% | -63 | |
| EBIT | 8↑109.3% | -89↑13.4% | -103↑31.4% | -150↓91.2% | -79 | |
| Interest & Other Income | ||||||
| Net Interest Income | 14↓26.3% | 19↓4.3% | 20↑369.0% | 4↑26956.3% | -0.02 | |
| Interest Income | 14↓27.8% | 20↓4.9% | 21↑272.6% | 6↑34575.0% | 0.02 | |
| Interest Expense | 0.00↓100.0% | 0.38↓26.8% | 0.52↓58.6% | 1↑3809.4% | 0.03 | |
| Non-Operating Income | -11↓15718.8% | -0.07↑99.6% | -19↓2103.3% | -0.85↓219.0% | 0.72 | |
| Other Income / Expenses | 11↑30.1% | 8↓54.0% | 18↑4674.9% | -0.40↑57.4% | -0.94 | |
| Income Before Tax | 8↑110.3% | -81↑21.9% | -104↑31.6% | -152↓92.3% | -79 | |
| Income Tax Expense | 5↑4.1% | 4↑19.1% | 4↑59.8% | 2↑93.2% | 1 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 4↑104.5% | -85↑20.5% | -107↑30.3% | -154↓92.3% | -80 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 4↑104.5% | -85↑20.5% | -107↑30.3% | -154↓92.3% | -80 | |
| Bottom-Line Net Income | 4↑104.5% | -85↑20.5% | -107↑30.3% | -154↓92.3% | -80 | |
| EPS (Basic) | 0.03↑104.6% | -0.56↑21.1% | -0.71↑34.9% | -1.09↓94.6% | -0.56 | |
| EPS (Diluted) | 0.03↑104.6% | -0.56↑21.1% | -0.71↑34.9% | -1.09↓94.6% | -0.56 | |
| Weighted Average Shares | 148↓2.1% | 151↑0.8% | 150↑6.5% | 141↑1.2% | 139 | |
| Weighted Average Diluted Shares | 150↓0.9% | 151↑0.8% | 150↑6.5% | 141↑1.2% | 139 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.