Udemy, Inc. (UDMY) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 15.44M | 15.52M | 15.73M | 44.2M | 12.21M | 9.58M | -6.1M | 28.59M | 20.97M | -7.27M | 11.67M | 13.49M | -19.89M | -30.68M | -13.84M | -2.46M | -13.97M | 2.32M | -3.94M | 8.27M |
| Operating CF Margin % | 8.07% | 8% | 8.04% | 22.11% | 6.1% | 4.79% | -3.12% | 14.71% | 10.65% | -3.83% | 6.32% | 7.57% | -11.28% | -18.56% | -8.73% | -1.61% | -9.18% | 1.71% | -3.04% | 6.56% |
| Operating CF Growth % | 26.45% | 61.92% | 357.89% | 54.6% | -41.77% | 231.84% | -152.28% | 111.93% | 205.4% | 76.31% | 184.32% | 648.41% | -42.36% | -1424.34% | -251.64% | -129.74% | -1.58% | -87.97% | - | - |
| Net Income | -12.61M | -2.33M | 1.64M | 6.26M | -1.77M | -9.86M | -25.27M | -31.81M | -18.34M | -20.25M | -16.77M | -25.73M | -44.54M | -52.15M | -46.69M | -29.38M | -25.65M | -41.38M | -9.26M | -11.39M |
| Depreciation & Amortization | 6.36M | 6.07M | 6.14M | 6.94M | 6.21M | 5.91M | 6.34M | 6.69M | 6.48M | 6.52M | 6.18M | 6.1M | 5.79M | 5.6M | 5.42M | 5.23M | 4.97M | 4.9M | 3.94M | 3.39M |
| Stock-Based Compensation | 16.37M | 0 | 18.29M | 17.42M | 17.97M | 19.76M | 23.24M | 24.32M | 22.7M | 23.12M | 23.48M | 23.16M | 26.28M | 28.25M | 24.97M | 14.73M | 13.34M | 10.98M | 7.22M | 5.97M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 5.32M | 33.83M | 17.96M | 16.64M | 17.7M | 16.78M | 15.03M | 24.29M | 14.19M | 13.5M | 12.81M | 13.91M | 10.94M | 11.25M | 13.05M | 9.49M | 8.34M | 5.81M | 4.92M | 3.92M |
| Working Capital Changes | 0 | -22.06M | -28.3M | -3.06M | -27.89M | -23M | -25.44M | 5.1M | -4.07M | -30.16M | -14.05M | -3.94M | -18.36M | -23.63M | -10.58M | -2.54M | -14.97M | 22.02M | -10.75M | 6.38M |
| Change in Receivables | -1.7M | -19.87M | 7.44M | 26.44M | -25.06M | -7.58M | 632K | 17.69M | -7.95M | -10.05M | 3.84M | 8.72M | 7.8M | -33.44M | -2.22M | -2.02M | 5.37M | -26.46M | 2.39M | 1.29M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 14.2M | 12.59M | 909K | -221K | -9.97M | 4.09M | 3.02M | 4.08M | -1.15M | -7.33M | 7.8M | -10.4M | -4.5M | -14.36M | 7.78M | -70K | -21.96M | 20.73M | -3.01M | 5.82M |
| Cash from Investing | 9.08M | 4.84M | 23.41M | -203K | -7.41M | -13.13M | -5.7M | 23.68M | -3.77M | -20.98M | -10.4M | 25.72M | -19.32M | -88.55M | -72.33M | -4.07M | -8.28M | -13.88M | -29.02M | -5.57M |
| Capital Expenditures | -548K | -522K | -620K | -2.28M | -2.38M | -1.18M | -562K | -357K | -197K | -197K | -192K | -143K | -100K | -167K | -698K | -543K | -156K | -781K | -1.44M | -2.18M |
| CapEx % of Revenue | 0.29% | 0.27% | 0.32% | 1.14% | 1.19% | 0.59% | 0.29% | 0.18% | 0.1% | 0.1% | 0.1% | 0.08% | 0.06% | 0.1% | 0.44% | 0.35% | 0.1% | 0.58% | 1.11% | 1.73% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -4.06M | -3.2M | -3.02M | -4.41M | -2.74M | -2.23M | -3.54M | -3.45M | -3.26M | -3.11M | -2.94M | -3.13M | -3.26M | 3.99M | -5.51M | -3.52M | -3.12M | -13.1M | -27.58M | -3.39M |
| Cash from Financing | -2.92M | -25.6M | -33.46M | -3.5M | -5.91M | -10.25M | -56.08M | -38.95M | -66.47M | 6.16M | 3.57M | 8.29M | 1.18M | 4.99M | 1.95M | 7.74M | 72K | 415.25M | -65K | 1.2M |
| Debt Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | 0 | -27.22M | -28.34M | -875K | 0 | -4.79M | -51.01M | -35.43M | -55.14M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2K | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -117K | -27.22M | -28.34M | -875K | 0 | -8.73M | -51.01M | -35.43M | -55.14M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -2.92M | 1.62M | -5.13M | -2.62M | -5.91M | -5.46M | -5.07M | -3.52M | -11.32M | 6.16M | 3.57M | 8.29M | 1.18M | 4.99M | 1.95M | 7.74M | 72K | 415.25M | -67K | 1.2M |
| Net Change in Cash | 21.7M | -5.17M | 5.67M | 40.64M | -1.07M | -13.97M | -67.8M | 13.34M | -49.32M | -21.95M | 4.75M | 47.49M | -38.05M | -114.23M | -84.25M | 1.2M | -22.17M | 403.69M | -33.02M | 3.91M |
| Free Cash Flow | 14.89M | 14.99M | 12.09M | 39.01M | 7.09M | 6.17M | -10.2M | 24.79M | 17.51M | -10.58M | 8.54M | 10.22M | -23.25M | -34.36M | -18.54M | -6.53M | -17.25M | -1.56M | -8.46M | 2.7M |
| FCF Margin % | 7.78% | 7.73% | 6.18% | 19.52% | 3.54% | 3.09% | -5.22% | 12.75% | 8.9% | -5.58% | 4.62% | 5.73% | -13.18% | -20.78% | -11.7% | -4.26% | -11.33% | -1.16% | -6.53% | 2.14% |
| FCF Growth % | 110.04% | 143% | 218.51% | 57.4% | -59.51% | 158.33% | -219.43% | 142.54% | 175.31% | 69.21% | 146.05% | 256.61% | -34.77% | -2095.53% | -119.07% | -341.4% | 4.05% | -110.15% | - | - |
| FCF per Share | 0.10 | 0.10 | 0.08 | 0.26 | 0.05 | 0.04 | -0.07 | 0.16 | 0.11 | -0.07 | 0.06 | 0.07 | -0.16 | -0.24 | -0.13 | -0.05 | -0.12 | -0.01 | -0.06 | 0.02 |
| FCF Conversion (FCF/Net Income) | -1.22x | -6.66x | 9.58x | 7.06x | -6.89x | -0.97x | 0.24x | -0.90x | -1.14x | 0.36x | -0.70x | -0.52x | 0.45x | 0.59x | 0.30x | 0.08x | 0.54x | -0.06x | 0.42x | -0.73x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2K | 2.62M | 80K | 488K | 10K | 3K | 8K | 2K | 18K | 15K | 4K |
| Taxes Paid | 0 | 0 | 0 | 0 | 813K | 116K | 563K | 531K | 71K | 81K | 347K | 946K | 44K | 162K | 128K | 324K | 64K | 0 | 52K | 304K |