Udemy, Inc. (UDMY) quarterly income statement — complete revenue, gross profit & net income 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 |
|---|
| Sales/Revenue | 191.41M | 193.99M | 195.68M | 199.88M | 200.3M | 199.94M | 195.42M | 194.36M | 196.85M | 189.54M | 184.72M | 178.24M | 176.43M | 165.33M | 158.43M | 153.11M | 152.22M | 135.45M | 129.56M | 126.09M |
| Revenue Growth % | -4.44% | -2.98% | 0.13% | 2.84% | 1.75% | 5.49% | 5.79% | 9.04% | 11.57% | 14.65% | 16.59% | 16.41% | 15.9% | 22.06% | 22.28% | 21.43% | 22.22% | 23.03% | - | - |
| Cost of Goods Sold | 62.14M | 65.94M | 66.81M | 67.83M | 70.86M | 72.74M | 72.36M | 73.47M | 76.51M | 79.92M | 77.26M | 75.94M | 76.7M | 73.99M | 69.08M | 65.81M | 66.44M | 64.12M | 57.99M | 55.99M |
| COGS % of Revenue | 32.46% | 33.99% | 34.14% | 33.94% | 35.38% | 36.38% | 37.03% | 37.8% | 38.87% | 42.17% | 41.83% | 42.6% | 43.47% | 44.75% | 43.6% | 42.98% | 43.65% | 47.34% | 44.76% | 44.41% |
| Gross Profit | 129.27M | 128.05M | 128.87M | 132.05M | 129.44M | 127.2M | 123.06M | 120.89M | 120.33M | 109.62M | 107.46M | 102.3M | 99.73M | 91.34M | 89.35M | 87.3M | 85.78M | 71.33M | 71.58M | 70.1M |
| Gross Margin % | 67.54% | 66.01% | 65.86% | 66.06% | 64.62% | 63.62% | 62.97% | 62.2% | 61.13% | 57.83% | 58.17% | 57.4% | 56.53% | 55.25% | 56.4% | 57.02% | 56.35% | 52.66% | 55.24% | 55.59% |
| Gross Profit Growth % | -0.14% | 0.66% | 4.72% | 9.23% | 7.57% | 16.04% | 14.51% | 18.17% | 20.66% | 20.01% | 20.26% | 17.18% | 16.25% | 28.05% | 24.83% | 24.54% | 28.75% | 31.03% | - | - |
| Operating Expenses | 141.79M | 131.48M | 129.03M | 128.12M | 133.94M | 138.8M | 152.51M | 146.43M | 143.06M | 135.28M | 128.95M | 129.76M | 147.01M | 145.44M | 132.6M | 115.83M | 111.1M | 112.27M | 81.13M | 81.07M |
| OpEx % of Revenue | 74.08% | 67.78% | 65.94% | 64.1% | 66.87% | 69.42% | 78.05% | 75.34% | 72.68% | 71.37% | 69.81% | 72.8% | 83.32% | 87.97% | 83.7% | 75.65% | 72.99% | 82.89% | 62.62% | 64.3% |
| Selling, General & Admin | 115M | 106.86M | 103.45M | 101.65M | 107.51M | 104.56M | 108.26M | 114.03M | 111.84M | 105.78M | 98.65M | 99.99M | 105.99M | 115.47M | 104.54M | 91.86M | 88.53M | 93.06M | 64.42M | 66.29M |
| SG&A % of Revenue | 60.08% | 55.09% | 52.87% | 50.86% | 53.67% | 52.29% | 55.4% | 58.67% | 56.82% | 55.8% | 53.4% | 56.1% | 60.08% | 69.85% | 65.98% | 60% | 58.16% | 68.71% | 49.72% | 52.57% |
| Research & Development | 26.79M | 24.61M | 25.58M | 26.36M | 24.96M | 28.83M | 32.98M | 32.41M | 31.22M | 29.51M | 30.31M | 29.64M | 30.89M | 29.96M | 28.06M | 23.96M | 22.57M | 19.21M | 16.7M | 14.78M |
| R&D % of Revenue | 14% | 12.69% | 13.07% | 13.19% | 12.46% | 14.42% | 16.87% | 16.67% | 15.86% | 15.57% | 16.41% | 16.63% | 17.51% | 18.12% | 17.71% | 15.65% | 14.83% | 14.18% | 12.89% | 11.72% |
| Other Operating Expenses | 0 | 0 | 0 | 109K | 1000K | 1000K | 1000K | 0 | -308K | 0 | 122K | 135K | 1000K | -257K | 0 | 0 | 0 | 0 | -196K | -90K |
| Operating Income | -12.53M | -3.43M | -162K | 3.93M | -4.49M | -11.59M | -29.46M | -25.55M | -22.73M | -25.66M | -21.5M | -27.46M | -47.28M | -54.1M | -43.25M | -28.53M | -25.32M | -40.95M | -9.55M | -10.97M |
| Operating Margin % | -6.54% | -1.77% | -0.08% | 1.97% | -2.24% | -5.8% | -15.07% | -13.14% | -11.55% | -13.54% | -11.64% | -15.41% | -26.8% | -32.72% | -27.3% | -18.63% | -16.63% | -30.23% | -7.37% | -8.7% |
| Operating Income Growth % | -178.85% | 70.42% | 99.45% | 115.38% | 80.24% | 54.82% | -37.04% | 6.98% | 51.92% | 52.57% | 50.3% | 3.73% | -86.75% | -32.12% | -352.89% | -159.95% | -54.01% | -56.9% | - | - |
| EBITDA | -12.53M | 2.64M | 5.98M | 10.87M | 1.71M | -5.69M | -23.12M | -18.85M | -2.21M | -19.14M | -13.86M | -21.36M | -41.49M | -48.5M | -37.84M | -23.29M | -20.35M | -36.05M | -5.61M | -7.59M |
| EBITDA Margin % | -6.54% | 1.36% | 3.05% | 5.44% | 0.86% | -2.84% | -11.83% | -9.7% | -1.12% | -10.1% | -7.5% | -11.98% | -23.52% | -29.33% | -23.88% | -15.21% | -13.37% | -26.61% | -4.33% | -6.02% |
| EBITDA Growth % | -831.23% | 146.48% | 125.85% | 157.65% | 177.69% | 70.28% | -66.84% | 11.74% | 94.69% | 60.53% | 63.38% | 8.29% | -103.9% | -34.53% | -574.78% | -207.07% | -32.4% | -57.74% | - | - |
| D&A (Non-Cash Add-back) | 0 | 6.07M | 6.14M | 6.94M | 6.21M | 5.91M | 6.34M | 6.69M | 20.52M | 6.52M | 7.64M | 6.1M | 5.79M | 5.6M | 5.42M | 5.23M | 4.97M | 4.9M | 3.94M | 3.39M |
| EBIT | -12.53M | -976K | 3.1M | 7.52M | -819K | -6.18M | -18.18M | -30.93M | -17.31M | -19.46M | -15.83M | -27.33M | -43.1M | -54.1M | -45.16M | -28.53M | -25.32M | -40.23M | -9.75M | -10.97M |
| Net Interest Income | 2.83M | 3.19M | 3.43M | 3.54M | 3.56M | 3.97M | 4.39M | 5.12M | 5.72M | 5.86M | 5.42M | 4.94M | 3.93M | 3.33M | 592K | 127K | 243K | 436K | -61K | -173K |
| Interest Income | 2.83M | 3.19M | 3.78M | 3.66M | 3.58M | 4.01M | 4.73M | 5.2M | 5.73M | 5.91M | 5.54M | 4.94M | 3.93M | 3.33M | 1.61M | 127K | 243K | 436K | 0 | 0 |
| Interest Expense | 0 | 0 | 350K | 120K | 15K | 45K | 344K | 77K | 3K | 54K | 124K | 0 | 0 | 0 | 1.02M | 0 | 0 | 0 | 61K | 173K |
| Other Income/Expense | 1.97M | 2.45M | 2.91M | 3.47M | 3.66M | 3.39M | 5.05M | -5.47M | 5.42M | 6.14M | 5.54M | 2.78M | 3.79M | 3.08M | -2.93M | -545K | -1K | 230K | -257K | -263K |
| Pretax Income | -10.56M | -976K | 2.75M | 7.4M | -834K | -8.21M | -24.41M | -31.01M | -17.31M | -19.52M | -15.96M | -24.68M | -43.49M | -51.02M | -46.18M | -29.07M | -25.32M | -40.72M | -9.81M | -11.24M |
| Pretax Margin % | -5.52% | -0.5% | 1.4% | 3.7% | -0.42% | -4.1% | -12.49% | -15.96% | -8.79% | -10.3% | -8.64% | -13.85% | -24.65% | -30.86% | -29.15% | -18.99% | -16.63% | -30.06% | -7.57% | -8.91% |
| Income Tax | 2.05M | 1.35M | 1.11M | 1.13M | 937K | 1.66M | 863K | 802K | 1.03M | 729K | 811K | 1.06M | 1.06M | 1.14M | 511K | 308K | 332K | 669K | -545K | 154K |
| Effective Tax Rate % | -19.44% | -138.63% | 40.27% | 15.31% | -112.35% | -20.2% | -3.54% | -2.59% | -5.93% | -3.73% | -5.08% | -4.28% | -2.43% | -2.22% | -1.11% | -1.06% | -1.31% | -1.64% | 5.56% | -1.37% |
| 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 |
| Net Margin % | -6.59% | -1.2% | 0.84% | 3.13% | -0.88% | -4.93% | -12.93% | -16.37% | -9.32% | -10.68% | -9.08% | -14.44% | -25.25% | -31.54% | -29.47% | -19.19% | -16.85% | -30.55% | -7.15% | -9.03% |
| Net Income Growth % | -612.25% | 76.39% | 106.5% | 119.69% | 90.34% | 51.28% | -50.72% | -23.62% | 58.83% | 61.18% | 64.09% | 12.41% | -73.67% | -26.02% | -404.14% | -157.92% | -42.58% | -53.08% | - | - |
| Net Income (Continuing) | -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 |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.09 | -0.02 | 0.01 | 0.04 | -0.01 | -0.07 | -0.17 | -0.21 | -0.12 | -0.13 | -0.11 | -0.17 | -0.31 | -0.36 | -0.33 | -0.21 | -0.18 | -0.36 | -0.07 | -0.09 |
| EPS Growth % | -800% | 76.19% | 106.35% | 119.81% | 91.67% | 48.31% | -54.55% | -23.53% | 61.29% | 63.89% | 66.67% | 19.05% | -72.22% | 0% | -389.61% | -125.08% | -20% | -63.64% | - | - |
| EPS (Basic) | -0.09 | -0.02 | 0.01 | 0.04 | -0.01 | -0.07 | -0.17 | -0.21 | -0.12 | -0.13 | -0.11 | -0.17 | -0.31 | -0.36 | -0.33 | -0.21 | -0.18 | -0.36 | -0.07 | -0.09 |
| Diluted Shares Outstanding | 145.24M | 145.7M | 152M | 150.49M | 148.03M | 146.71M | 149.18M | 152.99M | 156.57M | 155.16M | 151.31M | 148.07M | 145.74M | 143.12M | 140.95M | 140.04M | 139.41M | 108.17M | 137.43M | 122.13M |
| Basic Shares Outstanding | 145.24M | 145.7M | 149.92M | 149.25M | 148.03M | 146.71M | 149.18M | 152.99M | 156.57M | 155.16M | 151.31M | 148.07M | 145.74M | 143.12M | 140.95M | 140.04M | 139.41M | 108.17M | 137.43M | 122.13M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |