UDMY Chart
About

Udemy, Inc., a learning company, that operates a marketplace platform for learning skills in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. It operates through Enterprise and Consumer segments. The company offers courses related to technology, business and soft skills, and personal development topics through its platform. It also provides professional services; learning architecture development and skills mapping; AI transformation packages; and seat-based subscription plans, including team plan, enterprise plan, and leadership academy, as well as the Udemy Business Pro add-on service. The company's platform gives access to interactive learning tools comprising quizzes and exercises, as well as the ability to ask questions and engage with the instructor directly; and Udemy AI assistant, a natural-language chat interface to help learners discover and engage with the company's content. It serves organizations, including enterprise and government customers; and individuals. Udemy, Inc. was incorporated in 2010 and is headquartered in San Francisco, California.

Fundamentals
Scroll to Statements
Sector Consumer Defensive Industry Education & Training Ser Market Cap 695.84M
Enterprise Value 358.23M Income 3.81M Sales 789.84M
Book/sh 1.43 Cash/sh 2.47 Dividend Yield —
Payout 0.00% Employees 1380 IPO —
P/E 159.50 Forward P/E 7.69 PEG —
P/S 0.88 P/B 3.35 P/C —
EV/EBITDA 62.74 EV/Sales 0.45 Quick Ratio 1.14
Current Ratio 1.31 Debt/Eq 4.86 LT Debt/Eq —
EPS (ttm) 0.03 EPS next Y 0.62 EPS Growth —
Revenue Growth -3.00% Earnings 2026-04-29 ROA 0.12%
ROE 1.87% ROIC — Gross Margin 65.63%
Oper. Margin 0.15% Profit Margin 0.48% Shs Outstand 145.42M
Shs Float 101.14M Short Float 9.30% Short Ratio 4.10
Short Interest — 52W High 9.30 52W Low 4.35
Beta 1.70 Avg Volume 2.90M Volume 596.95K
Target Price $7.56 Recom None Prev Close $4.86
Price $4.79 Change -1.54%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$7.56
Mean price target
2. Current target
$4.79
Latest analyst target
3. DCF / Fair value
$15.99
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$4.79
Low
$5.00
High
$10.00
Mean
$7.56

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-01-13 down Keybanc Overweight → Sector Weight —
2025-12-17 down Canaccord Genuity Buy → Hold $7
2025-10-30 main Canaccord Genuity Buy → Buy $12
2025-10-30 main Keybanc Overweight → Overweight $9
2025-10-30 reit Needham Buy → Buy $11
2025-07-31 main Cantor Fitzgerald Overweight → Overweight $10
2025-07-31 reit Needham Buy → Buy $11
2025-06-05 up Morgan Stanley Underweight → Equal-Weight $9
2025-05-01 main Canaccord Genuity Buy → Buy $12
2025-05-01 main Cantor Fitzgerald Overweight → Overweight $9
2025-05-01 main Baird Outperform → Outperform $11
2025-05-01 reit Needham Buy → Buy $11
2025-04-24 main JP Morgan Neutral → Neutral $8
2025-04-16 main Morgan Stanley Underweight → Underweight $7
2025-04-07 down Truist Securities Buy → Hold $7
2025-03-12 down William Blair Outperform → Market Perform —
2025-03-12 reit Needham Buy → Buy $11
2025-02-20 main Morgan Stanley Underweight → Underweight $9
2025-02-14 main Canaccord Genuity Buy → Buy $14
2025-02-14 reit Needham Buy → Buy $11
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 91666 — — Stock Award(Grant) at price 0.00 per share. GOLDSCHMIED OZZIE J Chief Technology Officer — 2026-02-27 00:00:00 D
1 194500 — — Stock Award(Grant) at price 0.00 per share. BLANCHARD SARAH WALTER Chief Financial Officer — 2026-02-27 00:00:00 D
2 80500 — — Stock Award(Grant) at price 0.00 per share. ROSENTHAL ROBERT Officer — 2026-02-27 00:00:00 D
3 305500 — — Stock Award(Grant) at price 0.00 per share. SARRAZIN HUGO Chief Executive Officer — 2026-02-27 00:00:00 D
4 97532 — — Stock Award(Grant) at price 0.00 per share. BLANCHARD SARAH WALTER Chief Financial Officer — 2026-02-23 00:00:00 D
5 34148 — — Stock Award(Grant) at price 0.00 per share. ROSENTHAL ROBERT Officer — 2026-02-23 00:00:00 D
6 4273 — — Stock Award(Grant) at price 0.00 per share. ABBASI SOHAIB Director — 2025-12-31 00:00:00 D
7 25000 131255 — Sale at price 5.25 per share. BLANCHARD SARAH WALTER Chief Financial Officer — 2025-12-15 00:00:00 D
8 3566 — — Stock Award(Grant) at price 0.00 per share. ABBASI SOHAIB Director — 2025-09-30 00:00:00 D
9 25000 177085 — Sale at price 7.08 per share. BLANCHARD SARAH WALTER Chief Financial Officer — 2025-09-15 00:00:00 D
Financials
Line Item2025-12-312024-12-312023-12-312022-12-31
TaxEffectOfUnusualItems-331.38K-3.50M-2.16M0.00
TaxRateForCalcs0.210.210.210.21
NormalizedEBITDA36.01M-30.54M-68.27M-129.12M
TotalUnusualItems-1.58M-16.68M-10.26M0.00
TotalUnusualItemsExcludingGoodwill-1.58M-16.68M-10.26M0.00
NetIncomeFromContinuingOperationNetMinorityInterest3.81M-85.29M-107.29M-153.88M
ReconciledDepreciation25.36M25.42M24.59M21.22M
ReconciledCostOfRevenue271.44M294.62M309.60M275.32M
EBITDA34.43M-47.22M-78.53M-129.12M
EBIT9.07M-72.64M-103.12M-150.34M
NetInterestIncome13.47M20.05M20.15M4.30M
InterestExpense734.00K518.00K1.25M220.00K
InterestIncome14.21M20.05M20.67M5.55M
NormalizedIncome5.05M-72.11M-99.19M-153.88M
NetIncomeFromContinuingAndDiscontinuedOperation3.81M-85.29M-107.29M-153.88M
TotalExpenses792.42M859.21M840.57M780.29M
TotalOperatingIncomeAsReported-4.16M-89.33M-121.89M-151.19M
DilutedAverageShares150.01M151.32M150.10M140.87M
BasicAverageShares148.21M151.32M150.10M140.87M
DilutedEPS0.03-0.56-0.71-1.09
BasicEPS0.03-0.56-0.71-1.09
DilutedNIAvailtoComStockholders3.81M-85.29M-107.29M-153.88M
NetIncomeCommonStockholders3.81M-85.29M-107.29M-153.88M
NetIncome3.81M-85.29M-107.29M-153.88M
NetIncomeIncludingNoncontrollingInterests3.81M-85.29M-107.29M-153.88M
NetIncomeContinuousOperations3.81M-85.29M-107.29M-153.88M
TaxProvision4.53M4.35M3.65M2.29M
PretaxIncome8.34M-80.94M-103.64M-151.59M
OtherIncomeExpense-2.56M-28.34M-12.16M-4.70M
OtherNonOperatingIncomeExpenses-981.00K-11.65M-1.90M-4.70M
SpecialIncomeCharges-1.58M-16.68M-10.26M0.00
RestructuringAndMergernAcquisition1.58M16.68M10.26M0.00
NetNonOperatingInterestIncomeExpense13.47M20.05M20.15M4.30M
TotalOtherFinanceCost-4.30M16.00K
InterestExpenseNonOperating734.00K518.00K1.25M220.00K
InterestIncomeNonOperating14.21M20.05M20.67M5.55M
OperatingIncome-2.58M-72.64M-111.63M-151.19M
OperatingExpense520.98M564.58M530.97M504.97M
ResearchAndDevelopment101.51M125.44M120.33M104.56M
SellingGeneralAndAdministration419.47M439.14M410.64M400.41M
SellingAndMarketingExpense326.45M342.95M316.74M301.35M
GeneralAndAdministrativeExpense93.02M96.20M93.90M99.06M
OtherGandA93.02M96.20M93.90M99.06M
GrossProfit518.41M491.94M419.34M353.78M
CostOfRevenue271.44M294.62M309.60M275.32M
TotalRevenue789.84M786.57M728.94M629.10M
OperatingRevenue789.84M786.57M728.94M629.10M
Line Item2025-12-312024-12-312023-12-312022-12-31
OrdinarySharesNumber145.05M147.48M157.17M145.01M
ShareIssued145.05M147.48M157.17M145.01M
TotalDebt10.23M10.82M6.95M13.55M
TangibleBookValue166.40M150.77M307.63M289.92M
InvestedCapital210.46M197.39M356.89M339.31M
WorkingCapital124.14M108.85M252.20M228.11M
NetTangibleAssets166.40M150.77M307.63M289.92M
CapitalLeaseObligations10.23M10.82M6.95M13.55M
CommonStockEquity210.46M197.39M356.89M339.31M
TotalCapitalization210.46M197.39M356.89M339.31M
TotalEquityGrossMinorityInterest210.46M197.39M356.89M339.31M
StockholdersEquity210.46M197.39M356.89M339.31M
GainsLossesNotAffectingRetainedEarnings162.00K-11.00K80.00K-233.00K
OtherEquityAdjustments162.00K-11.00K80.00K-233.00K
RetainedEarnings-801.18M-804.99M-719.70M-612.40M
AdditionalPaidInCapital1.01B1.00B1.08B951.95M
CapitalStock1.00K1.00K2.00K1.00K
CommonStock1.00K1.00K2.00K1.00K
PreferredStock0.000.000.00
TotalLiabilitiesNetMinorityInterest407.24M408.23M384.30M398.26M
TotalNonCurrentLiabilitiesNetMinorityInterest7.17M10.76M4.17M11.35M
OtherNonCurrentLiabilities234.00K6.00K48.00K464.00K
PreferredSecuritiesOutsideStockEquity0.00
NonCurrentDeferredLiabilities1.25M2.44M3.00M4.34M
NonCurrentDeferredRevenue1.25M2.44M3.00M4.34M
LongTermDebtAndCapitalLeaseObligation5.69M8.31M1.12M6.54M
LongTermCapitalLeaseObligation5.69M8.31M1.12M6.54M
CurrentLiabilities400.07M397.48M380.13M386.91M
OtherCurrentLiabilities2.73M5.46M3.81M6.99M
CurrentDeferredLiabilities298.35M293.33M280.85M280.56M
CurrentDeferredRevenue294.07M291.11M279.41M273.94M
CurrentDeferredTaxesLiabilities4.28M2.23M1.43M6.63M
CurrentDebtAndCapitalLeaseObligation4.54M2.50M5.83M7.00M
CurrentCapitalLeaseObligation4.54M2.50M5.83M7.00M
PensionandOtherPostRetirementBenefitPlansCurrent27.96M28.79M24.33M22.88M
PayablesAndAccruedExpenses66.49M67.39M65.31M69.47M
CurrentAccruedExpenses17.31M14.52M13.77M8.49M
Payables49.18M52.87M51.54M60.98M
OtherPayable33.17M37.61M40.28M37.31M
TotalTaxPayable7.81M8.95M8.76M9.14M
AccountsPayable8.20M6.31M2.51M14.53M
TotalAssets617.70M605.63M741.20M737.57M
TotalNonCurrentAssets93.48M99.30M108.87M122.55M
OtherNonCurrentAssets5.68M4.98M3.38M7.26M
NonCurrentDeferredAssets28.01M32.21M35.79M35.41M
InvestmentsAndAdvances0.0010.31M12.10M10.00M
OtherInvestments0.0010.31M12.10M10.00M
GoodwillAndOtherIntangibleAssets44.06M46.62M49.26M49.39M
OtherIntangibleAssets31.41M33.98M36.61M36.74M
Goodwill12.65M12.65M12.65M12.65M
NetPPE15.73M15.48M10.13M18.39M
AccumulatedDepreciation-32.06M-29.72M-27.48M-25.17M
GrossPPE47.80M45.21M37.61M43.56M
Leases22.83M19.06M19.06M19.11M
ConstructionInProgress5.00K1.76M0.000.00
OtherProperties9.04M10.95M5.69M11.38M
MachineryFurnitureEquipment15.93M13.44M12.86M13.07M
Properties0.000.000.000.00
CurrentAssets524.21M506.33M632.33M615.01M
OtherCurrentAssets25.47M22.73M20.92M14.88M
CurrentDeferredAssets43.91M40.84M38.58M30.23M
RestrictedCash201.00K100.00K3.33M0.00
PrepaidAssets10.51M12.46M
Receivables95.89M88.22M92.56M104.53M
AccountsReceivable95.89M88.22M92.56M104.53M
AllowanceForDoubtfulAccountsReceivable-2.17M-1.10M-1.27M-1.53M
GrossAccountsReceivable98.06M89.31M93.83M106.06M
CashCashEquivalentsAndShortTermInvestments358.74M354.44M476.94M465.37M
OtherShortTermInvestments127.26M163.84M171.37M151.69M
CashAndCashEquivalents231.49M190.59M305.56M313.69M
CashEquivalents127.32M148.27M266.69M179.28M
CashFinancial104.17M42.33M38.87M134.41M
Line Item2025-12-312024-12-312023-12-312022-12-31
FreeCashFlow69.98M38.27M-15.07M-76.68M
RepurchaseOfCapitalStock-50.97M-150.32M0.000.00
IssuanceOfCapitalStock0.000.00415.19M
CapitalExpenditure-17.68M-14.78M-13.07M-15.72M
InterestPaidSupplementalData299.00K0.003.19M23.00K
IncomeTaxPaidSupplementalData5.04M1.28M1.42M678.00K
EndCashPosition231.87M191.81M309.55M317.31M
BeginningCashPosition191.81M309.55M317.31M536.77M
EffectOfExchangeRateChanges238.00K-116.00K20.00K-25.00K
ChangesInCash39.82M-117.63M-7.78M-219.43M
FinancingCashFlow-68.46M-171.75M19.20M14.76M
CashFlowFromContinuingFinancingActivities-68.46M-171.75M19.20M14.76M
NetOtherFinancingCharges-21.74M-30.82M-6.76M-1.59M
ProceedsFromStockOptionExercised4.25M9.40M25.95M16.34M
NetPreferredStockIssuance0.000.002.00K
PreferredStockIssuance0.000.002.00K
NetCommonStockIssuance-50.97M-150.32M0.000.00
CommonStockPayments-50.97M-150.32M0.000.00
CommonStockIssuance0.000.00415.19M
InvestingCashFlow20.63M1.08M-24.97M-173.23M
CashFlowFromContinuingInvestingActivities20.63M1.08M-24.97M-173.23M
NetOtherInvestingChanges-1.50M
NetInvestmentPurchaseAndSale39.81M15.85M-11.91M-156.00M
SaleOfInvestment222.41M352.75M295.80M7.50M
PurchaseOfInvestment-182.60M-336.90M-307.71M-163.50M
NetBusinessPurchaseAndSale0.000.00-1.50M-24.49M
PurchaseOfBusiness0.000.00-1.50M-24.49M
NetIntangiblesPurchaseAndSale-14.16M-12.87M
PurchaseOfIntangibles-14.16M-12.87M
NetPPEPurchaseAndSale-5.80M-2.30M-632.00K-1.56M
PurchaseOfPPE-5.80M-2.30M-632.00K-1.56M
CapitalExpenditureReported-11.88M-12.47M-12.43M-14.16M
OperatingCashFlow87.66M53.04M-2.00M-60.96M
CashFlowFromContinuingOperatingActivities87.66M53.04M-2.00M-60.96M
ChangeInWorkingCapital-81.31M-47.40M-66.50M-51.73M
ChangeInOtherWorkingCapital-62.62M-47.20M-52.76M14.35M
ChangeInOtherCurrentLiabilities-2.47M-5.78M-6.77M-6.49M
ChangeInPayablesAndAccruedExpense-1.13M7.38M-11.46M-27.27M
ChangeInPayable-1.13M7.38M-11.46M-27.27M
ChangeInAccountPayable3.30M10.05M-14.43M-28.62M
ChangeInPrepaidAssets-4.04M-4.59M-5.83M-4.00K
ChangeInReceivables-11.04M2.79M10.31M-32.31M
ChangesInAccountReceivables-11.04M2.79M10.31M-32.31M
OtherNonCashItems70.88M66.73M55.20M39.17M
StockBasedCompensation68.75M90.02M96.05M81.29M
UnrealizedGainLossOnInvestmentSecurities0.0010.31M1.79M2.90M
ProvisionandWriteOffofAssets3.36M1.55M1.66M960.00K
AmortizationOfSecurities-3.19M-8.30M-7.49M-896.00K
DepreciationAmortizationDepletion25.36M25.42M24.59M21.22M
DepreciationAndAmortization25.36M25.42M24.59M21.22M
NetIncomeFromContinuingOperations3.81M-85.29M-107.29M-153.88M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for UDMY
Date User Asset Broker Type Position Size Entry Price Patterns