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UDMYUdemy, Inc.
$4.63$677M
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UDMY logoUdemy, Inc.(UDMY)Earnings, Financials & Key Ratios

UDMY•NASDAQ
$4.63
180.2× P/E·Price updated Jun 20, 2026
SectorConsumer DefensiveIndustryEducation & TrainingSub-IndustryConsumer Learning Platforms and Apps
AboutUdemy, Inc. operates a marketplace platform for teaching and learning skills in the United States and internationally. The company offers technical and business skills, and personal development courses for individual learners and enterprise customers. Its platform provides 49 million learners with access to approximately 180,000 courses through direct-to-consumer or Udemy Business offerings in approximately 75 languages. The company's courses offer learning objectives, such as reskilling or upskilling in technology and business, and soft skills, as well as learners receive access to interactive learning tools comprising quizzes, exercises, and instructor questions-and-answers. Udemy, Inc. was incorporated in 2010 and is headquartered in San Francisco, California.Show more
  • Revenue$790M+0.4%
  • EBITDA$23M+125.5%
  • Net Income$4M+104.5%
  • EPS (Diluted)0.03+104.6%
  • Gross Margin65.63%+4.9%
  • EBITDA Margin2.88%+125.4%
  • Operating Margin-0.33%+97.1%
  • Net Margin0.48%+104.4%
  • ROE1.87%+106.1%

UDMY Price & Volume

Udemy, Inc. (UDMY) stock price & volume — 10-year historical chart

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Margin Expansion Fails To Offset Revenue Contraction

Investment Thesis • Updated 2026Q1

VerdictNeutral
Growth:Decelerating
Profitability:Strained
Financial:Healthy
Cash Flow:Mixed
Primary Risk:Revenue growth stagnation

Key Thesis Takeaways

  • Udemy faces a challenging growth environment as evidenced by a 4.4% YoY revenue decline in 2026Q1, signaling that the post-pandemic demand surge has fully exhausted.
  • While the company has successfully improved gross margins to 67.5%, persistent reliance on $16.4M in quarterly stock-based compensation and a deep accumulated deficit of $813.8M continue to weigh on long-term shareholder value.
  • Investors should monitor whether the $299.9M deferred revenue balance can stabilize top-line performance before committing capital to this volatile marketplace model.

Verdict Logic

while the forward P/E of 8.62 appears attractive, the company's inability to achieve consistent GAAP profitability and its reliance on $16.4M in quarterly stock-based compensation warrant a cautious, wait-and-see approach.

UDMY Growth Metrics

Udemy, Inc. (UDMY) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years12.94%
3 Years7.88%
TTM-1.15%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM89.76%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM88.28%

Return on Capital

10 Years-90.99%
5 Years-28.92%
3 Years-22.28%
Last Year-1.21%

UDMY Recent Earnings

Udemy, Inc. (UDMY) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 10/12 qtrs (83%)●Beat Revenue 11/12 qtrs (92%)
Q2 2026Latest
May 11, 2026
Metric
Actual
Est
EPS
$0.09-190.0%
$0.10
Rev
$191M-2.9%
$197M
Q1 2026
Feb 5, 2026
Metric
Actual
Est
EPS
$0.12+33.3%
$0.09
Rev
$194M+0.3%
$193M
Q4 2025
Oct 29, 2025
Metric
Actual
Est
EPS
$0.13+30.0%
$0.10
Rev
$196M+1.2%
$193M
Q3 2025
Jul 30, 2025
Metric
Actual
Est
EPS
$0.16+33.3%
$0.12
Rev
$200M+3.8%
$193M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 11, 2026
$0.09vs $0.10-190.0%
$191Mvs $197M-2.9%
Q1 2026Feb 5, 2026
$0.12vs $0.09+33.3%
$194Mvs $193M+0.3%
Q4 2025Oct 29, 2025
$0.13vs $0.10+30.0%
$196Mvs $193M+1.2%
Q3 2025Jul 30, 2025
$0.16vs $0.12+33.3%
$200Mvs $193M+3.8%
Based on last 12 quarters of dataView full earnings history →

Latest UDMY News

Recent stock market news and headlines for Udemy, Inc. (UDMY)

Seeking Alpha·2 days ago
Coursera: A Bet On E-Learning Scale And Synergies After Udemy Merger Completes

Coursera gets a buy rating for my initial coverage, as a compelling growth idea driven by the Udemy merger and potential synergies. While not a dividend payer, Coursera has performed well in operating cashflow trends, and had a low D/E pre-merger, as did Udemy. COUR showed a steady growth trend of new learners over time.

Peers Comparison

Key metrics vs top competitors for Udemy, Inc. (UDMY)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
UDMY logoUDMYUdemy, Inc.Current
$4.63$677.28M180.160.42%0.48%1.87%—
COUR logoCOURCoursera, Inc.
$5.80$982.02M-18.719.04%-8.23%-10.06%—
STRA logoSTRAStrategic Education, Inc.
$79.19$1.8B14.613.96%10.21%7.85%—
PRDO logoPRDOPerdoceo Education Corporation
$35.16$2.2B14.5324.2%19.91%17.21%—
LOPE logoLOPEGrand Canyon Education, Inc.
$152.96$4.15B19.847.07%26.92%29.53%—
SKIL logoSKILSkillsoft Corp.
$7.84$70.31M-0.48-3.45%-30%——

Compare UDMY vs Peers

Udemy, Inc. (UDMY) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs COUR

Most directly comparable listed peer for UDMY.

Scale Benchmark

vs GOOG

Larger-name benchmark to compare UDMY against a more recognizable public peer.

Peer Set

Compare Top 5

vs COUR, STRA, PRDO, LOPE

UDMY SEC Filings & Documents

Udemy, Inc. (UDMY) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 11, 2026·SEC

Material company update

Apr 9, 2026·SEC

Material company update

Mar 31, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 19, 2026·SEC

FY 2025

Feb 19, 2025·SEC

10-Q Quarterly Reports

6
FY 2026

May 11, 2026·SEC

FY 2025

Oct 30, 2025·SEC

FY 2025

Jul 31, 2025·SEC

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UDMY Frequently Asked Questions

Udemy, Inc. (UDMY) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Udemy, Inc.'s revenue?

Udemy, Inc. (UDMY) reported $781.0M in revenue for fiscal year 2025. This represents a 183% increase from $276.3M in 2019.

How fast is Udemy, Inc. growing?

Udemy, Inc. (UDMY) grew revenue by 0.4% over the past year. Growth has been modest.

Is UDMY profitable?

Udemy, Inc. (UDMY) reported a net loss of $7.0M for fiscal year 2025.

Dividend & Returns
What is UDMY's return on equity?

Udemy, Inc. (UDMY) has a return on equity (ROE) of 1.9%. This is below average, suggesting room for improvement.

What is Udemy, Inc.'s free cash flow?

Udemy, Inc. (UDMY) generated $81.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in UDMY back in 2019?

Total return calculator · dividends reinvested · 7+ years of data

See returns →