Symbols / UDMY Stock $4.63 +0.00% Udemy, Inc.

Consumer Defensive • Education & Training Services • United States • NMS
UDMY (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Consumer Defensive
Industry Education & Training Services
CEO Mr. Hugo Sarrazin
Exch · Country NMS · United States
Market Cap 677.28M
Enterprise Value 329.19M
Income -7.04M
Sales 780.95M
FCF (ttm) 140.22M
Book/sh 1.43
Cash/sh 2.45
Employees 1,380
Insider 10d —
IPO Oct 29, 2021
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E 158.00
Forward P/E 7.02
PEG —
P/S 0.87
P/B 3.24
P/C —
EV/EBITDA -301.45
EV/Sales 0.42
Quick Ratio 1.09
Current Ratio 1.28
Debt/Eq 4.58
LT Debt/Eq —
EPS (ttm) -0.05
EPS next Y 0.66
EPS Growth —
Revenue Growth -4.40%
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2026-07-29
Earnings (prior) 2026-05-11
ROA -0.59%
ROE -3.34%
ROIC —
Gross Margin 66.36%
Oper. Margin -5.32%
Profit Margin -0.90%
Shs Outstand 146.28M
Shs Float 106.37M
Insider Own 2.32%
Instit Own 93.16%
Short Float 6.59%
Short Ratio 4.52
Short Interest 7.01M
52W High 8.09
vs 52W High -42.77%
52W Low 4.02
vs 52W Low 15.17%
Beta 1.58
Impl. Vol. 12.50%
Rel Volume 1.46
Avg Volume 1.62M
Volume 2.37M
Target (mean) $7.60
Tgt Median $8.00
Tgt Low $6.00
Tgt High $8.81
# Analysts 3
Recom Buy
Prev Close $4.63
Price $4.63
Change 0.00%
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.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$7.60
Mean price target
2. Current target
$4.63
Latest analyst target
3. DCF / Fair value
$17.25
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$4.63
Low
$6.00
High
$8.81
Mean
$7.60

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
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-03-31 ABBASI SOHAIB Director — 5,411 $0.00 $0
2026-03-31 PATERSON LYDIA Director — 3,246 $0.00 $0
2026-03-31 MACO MARYLOU Director — 1,596 $0.00 $0
2026-03-13 BLANCHARD SARAH WALTER Chief Financial Officer — 25,000 $4.78 $119,375
2026-02-27 GOLDSCHMIED OZZIE J Chief Technology Officer — 91,666 $0.00 $0
2026-02-27 BLANCHARD SARAH WALTER Chief Financial Officer — 194,500 $0.00 $0
2026-02-27 ROSENTHAL ROBERT Officer — 80,500 $0.00 $0
2026-02-27 SARRAZIN HUGO Chief Executive Officer — 305,500 $0.00 $0
2026-02-23 BLANCHARD SARAH WALTER Chief Financial Officer — 97,532 $0.00 $0
2026-02-23 BLANCHARD SARAH WALTER Chief Financial Officer — 97,352 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
789.84
+0.42%
786.57
+7.91%
728.94
+15.87%
629.10
Operating Revenue
789.84
+0.42%
786.57
+7.91%
728.94
+15.87%
629.10
Cost Of Revenue
271.44
-7.87%
294.62
-4.84%
309.60
+12.45%
275.32
Reconciled Cost Of Revenue
271.44
-7.87%
294.62
-4.84%
309.60
+12.45%
275.32
Gross Profit
518.41
+5.38%
491.94
+17.31%
419.34
+18.53%
353.78
Operating Expense
520.98
-7.72%
564.58
+6.33%
530.97
+5.15%
504.97
Research And Development
101.51
-19.07%
125.44
+4.24%
120.33
+15.09%
104.56
Selling General And Administration
419.47
-4.48%
439.14
+6.94%
410.64
+2.55%
400.41
Selling And Marketing Expense
326.45
-4.81%
342.95
+8.27%
316.74
+5.11%
301.35
General And Administrative Expense
93.02
-3.30%
96.20
+2.45%
93.90
-5.21%
99.06
Other Gand A
93.02
-3.30%
96.20
+2.45%
93.90
-5.21%
99.06
Total Expenses
792.42
-7.77%
859.21
+2.22%
840.57
+7.73%
780.29
Operating Income
-2.58
+96.45%
-72.64
+34.93%
-111.63
+26.16%
-151.19
Total Operating Income As Reported
-4.16
+95.35%
-89.33
+26.72%
-121.89
+19.38%
-151.19
EBITDA
34.43
+172.91%
-47.22
+39.87%
-78.53
+39.18%
-129.12
Normalized EBITDA
36.01
+217.92%
-30.54
+55.27%
-68.27
+47.13%
-129.12
Reconciled Depreciation
25.36
-0.24%
25.42
+3.39%
24.59
+15.89%
21.22
EBIT
9.07
+112.49%
-72.64
+29.56%
-103.12
+31.41%
-150.34
Total Unusual Items
-1.58
+90.54%
-16.68
-62.57%
-10.26
0.00
Total Unusual Items Excluding Goodwill
-1.58
+90.54%
-16.68
-62.57%
-10.26
0.00
Special Income Charges
-1.58
+90.54%
-16.68
-62.57%
-10.26
0.00
Restructuring And Mergern Acquisition
1.58
-90.54%
16.68
+62.57%
10.26
0.00
Net Income
3.81
+104.46%
-85.29
+20.51%
-107.29
+30.27%
-153.88
Pretax Income
8.34
+110.30%
-80.94
+21.91%
-103.64
+31.63%
-151.59
Net Non Operating Interest Income Expense
13.47
-32.78%
20.05
-0.53%
20.15
+368.98%
4.30
Interest Expense Non Operating
0.73
—
0.52
-58.59%
1.25
Net Interest Income
13.47
-32.78%
20.05
-0.53%
20.15
+368.98%
4.30
Interest Expense
0.73
—
0.52
-58.59%
1.25
Interest Income Non Operating
14.21
-29.12%
20.05
-3.02%
20.67
+272.57%
5.55
Interest Income
14.21
-29.12%
20.05
-3.02%
20.67
+272.57%
5.55
Other Income Expense
-2.56
+90.97%
-28.34
-133.04%
-12.16
-158.97%
-4.70
Other Non Operating Income Expenses
-0.98
+91.58%
-11.65
-514.07%
-1.90
+59.58%
-4.70
Tax Provision
4.53
+4.14%
4.35
+19.08%
3.65
+59.80%
2.29
Tax Rate For Calcs
0.00
+0.00%
0.00
+0.00%
0.00
+0.00%
0.00
Tax Effect Of Unusual Items
-0.33
+90.54%
-3.50
-62.57%
-2.16
0.00
Net Income Including Noncontrolling Interests
3.81
+104.46%
-85.29
+20.51%
-107.29
+30.27%
-153.88
Net Income From Continuing Operation Net Minority Interest
3.81
+104.46%
-85.29
+20.51%
-107.29
+30.27%
-153.88
Net Income From Continuing And Discontinued Operation
3.81
+104.46%
-85.29
+20.51%
-107.29
+30.27%
-153.88
Net Income Continuous Operations
3.81
+104.46%
-85.29
+20.51%
-107.29
+30.27%
-153.88
Normalized Income
5.05
+107.01%
-72.11
+27.30%
-99.19
+35.54%
-153.88
Net Income Common Stockholders
3.81
+104.46%
-85.29
+20.51%
-107.29
+30.27%
-153.88
Diluted EPS
0.03
+105.36%
-0.56
+21.13%
-0.71
+34.86%
-1.09
Basic EPS
0.03
+105.36%
-0.56
+21.13%
-0.71
+34.86%
-1.09
Basic Average Shares
148.21
-2.06%
151.32
+0.81%
150.10
+6.55%
140.87
Diluted Average Shares
150.01
-0.87%
151.32
+0.81%
150.10
+6.55%
140.87
Diluted NI Availto Com Stockholders
3.81
+104.46%
-85.29
+20.51%
-107.29
+30.27%
-153.88
Total Other Finance Cost
—
—
—
-4.30
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
617.70
+1.99%
605.63
-18.29%
741.20
+0.49%
737.57
Current Assets
524.21
+3.53%
506.33
-19.93%
632.33
+2.82%
615.01
Cash Cash Equivalents And Short Term Investments
358.74
+1.22%
354.44
-25.68%
476.94
+2.48%
465.37
Cash And Cash Equivalents
231.49
+21.46%
190.59
-37.63%
305.56
-2.59%
313.69
Cash Equivalents
127.32
-14.13%
148.27
-44.41%
266.69
+48.76%
179.28
Cash Financial
104.17
+146.10%
42.33
+8.89%
38.87
-71.08%
134.41
Other Short Term Investments
127.26
-22.33%
163.84
-4.39%
171.37
+12.98%
151.69
Receivables
95.89
+8.70%
88.22
-4.69%
92.56
-11.46%
104.53
Accounts Receivable
95.89
+8.70%
88.22
-4.69%
92.56
-11.46%
104.53
Gross Accounts Receivable
98.06
+9.80%
89.31
-4.81%
93.83
-11.53%
106.06
Allowance For Doubtful Accounts Receivable
-2.17
-98.36%
-1.10
+13.70%
-1.27
+16.88%
-1.53
Prepaid Assets
—
—
—
10.51
Current Deferred Assets
43.91
+7.51%
40.84
+5.85%
38.58
+27.62%
30.23
Restricted Cash
0.20
+101.00%
0.10
-97.00%
3.33
0.00
Other Current Assets
25.47
+12.03%
22.73
+8.66%
20.92
+40.64%
14.88
Total Non Current Assets
93.48
-5.86%
99.30
-8.79%
108.87
-11.17%
122.55
Net PPE
15.73
+1.61%
15.48
+52.85%
10.13
-44.91%
18.39
Gross PPE
47.80
+5.73%
45.21
+20.19%
37.61
-13.65%
43.56
Accumulated Depreciation
-32.06
-7.88%
-29.72
-8.15%
-27.48
-9.19%
-25.17
Properties
0.00
0.00
0.00
0.00
Machinery Furniture Equipment
15.93
+18.52%
13.44
+4.50%
12.86
-1.64%
13.07
Construction In Progress
0.01
-99.72%
1.76
0.00
0.00
Other Properties
9.04
-17.44%
10.95
+92.41%
5.69
-49.98%
11.38
Leases
22.83
+19.74%
19.06
+0.00%
19.06
-0.24%
19.11
Goodwill And Other Intangible Assets
44.06
-5.50%
46.62
-5.35%
49.26
-0.27%
49.39
Goodwill
12.65
+0.00%
12.65
+0.00%
12.65
+0.00%
12.65
Other Intangible Assets
31.41
-7.55%
33.98
-7.20%
36.61
-0.36%
36.74
Investments And Advances
—
0.00
-100.00%
10.31
-14.81%
12.10
Other Investments
—
0.00
-100.00%
10.31
-14.81%
12.10
Non Current Deferred Assets
28.01
-13.04%
32.21
-10.00%
35.79
+1.07%
35.41
Other Non Current Assets
5.68
+14.07%
4.98
+47.40%
3.38
-53.45%
7.26
Total Liabilities Net Minority Interest
407.24
-0.24%
408.23
+6.23%
384.30
-3.50%
398.26
Current Liabilities
400.07
+0.65%
397.48
+4.56%
380.13
-1.75%
386.91
Payables And Accrued Expenses
66.49
-1.33%
67.39
+3.18%
65.31
-5.98%
69.47
Payables
49.18
-6.98%
52.87
+2.58%
51.54
-15.47%
60.98
Accounts Payable
8.20
+29.90%
6.31
+151.84%
2.51
-82.75%
14.53
Other Payable
33.17
-11.79%
37.61
-6.63%
40.28
+7.95%
37.31
Current Accrued Expenses
17.31
+19.26%
14.52
+5.41%
13.77
+62.15%
8.49
Pensionand Other Post Retirement Benefit Plans Current
27.96
-2.90%
28.79
+18.33%
24.33
+6.34%
22.88
Total Tax Payable
7.81
-12.80%
8.95
+2.22%
8.76
-4.15%
9.14
Current Debt And Capital Lease Obligation
4.54
+81.49%
2.50
-57.05%
5.83
-16.81%
7.00
Current Capital Lease Obligation
4.54
+81.49%
2.50
-57.05%
5.83
-16.81%
7.00
Current Deferred Liabilities
298.35
+1.71%
293.33
+4.45%
280.85
+0.10%
280.56
Current Deferred Revenue
294.07
+1.02%
291.11
+4.18%
279.41
+2.00%
273.94
Other Current Liabilities
2.73
-50.06%
5.46
+43.15%
3.81
-45.41%
6.99
Total Non Current Liabilities Net Minority Interest
7.17
-33.38%
10.76
+157.89%
4.17
-63.25%
11.35
Long Term Debt And Capital Lease Obligation
5.69
-31.62%
8.31
+639.77%
1.12
-82.83%
6.54
Long Term Capital Lease Obligation
5.69
-31.62%
8.31
+639.77%
1.12
-82.83%
6.54
Non Current Deferred Liabilities
1.25
-48.81%
2.44
-18.73%
3.00
-30.91%
4.34
Non Current Deferred Revenue
1.25
-48.81%
2.44
-18.73%
3.00
-30.91%
4.34
Other Non Current Liabilities
0.23
+3800.00%
0.01
-87.50%
0.05
-89.66%
0.46
Preferred Securities Outside Stock Equity
—
—
—
—
Stockholders Equity
210.46
+6.62%
197.39
-44.69%
356.89
+5.18%
339.31
Common Stock Equity
210.46
+6.62%
197.39
-44.69%
356.89
+5.18%
339.31
Capital Stock
0.00
+0.00%
0.00
-50.00%
0.00
+100.00%
0.00
Common Stock
0.00
+0.00%
0.00
-50.00%
0.00
+100.00%
0.00
Preferred Stock
—
—
0.00
0.00
Share Issued
145.05
-1.65%
147.48
-6.16%
157.17
+8.38%
145.01
Ordinary Shares Number
145.05
-1.65%
147.48
-6.16%
157.17
+8.38%
145.01
Additional Paid In Capital
1,011.48
+0.91%
1,002.39
-6.89%
1,076.51
+13.08%
951.95
Retained Earnings
-801.18
+0.47%
-804.99
-11.85%
-719.70
-17.52%
-612.40
Gains Losses Not Affecting Retained Earnings
0.16
+1572.73%
-0.01
-113.75%
0.08
+134.33%
-0.23
Other Equity Adjustments
0.16
+1572.73%
-0.01
-113.75%
0.08
+134.33%
-0.23
Total Equity Gross Minority Interest
210.46
+6.62%
197.39
-44.69%
356.89
+5.18%
339.31
Total Capitalization
210.46
+6.62%
197.39
-44.69%
356.89
+5.18%
339.31
Working Capital
124.14
+14.05%
108.85
-56.84%
252.20
+10.56%
228.11
Invested Capital
210.46
+6.62%
197.39
-44.69%
356.89
+5.18%
339.31
Total Debt
10.23
-5.45%
10.82
+55.66%
6.95
-48.70%
13.55
Capital Lease Obligations
10.23
-5.45%
10.82
+55.66%
6.95
-48.70%
13.55
Net Tangible Assets
166.40
+10.37%
150.77
-50.99%
307.63
+6.11%
289.92
Tangible Book Value
166.40
+10.37%
150.77
-50.99%
307.63
+6.11%
289.92
Current Deferred Taxes Liabilities
4.28
+92.31%
2.23
+55.38%
1.43
-78.39%
6.63
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
87.66
+65.26%
53.04
+2745.54%
-2.00
+96.71%
-60.96
Cash Flow From Continuing Operating Activities
87.66
+65.26%
53.04
+2745.54%
-2.00
+96.71%
-60.96
Net Income From Continuing Operations
3.81
+104.46%
-85.29
+20.51%
-107.29
+30.27%
-153.88
Depreciation Amortization Depletion
25.36
-0.24%
25.42
+3.39%
24.59
+15.89%
21.22
Depreciation And Amortization
25.36
-0.24%
25.42
+3.39%
24.59
+15.89%
21.22
Other Non Cash Items
70.88
+6.21%
66.73
+20.90%
55.20
+40.90%
39.17
Stock Based Compensation
68.75
-23.63%
90.02
-6.27%
96.05
+18.15%
81.29
Provisionand Write Offof Assets
3.36
+117.11%
1.55
-6.80%
1.66
+73.13%
0.96
Unrealized Gain Loss On Investment Securities
0.00
-100.00%
10.31
+475.07%
1.79
-38.09%
2.90
Change In Working Capital
-81.31
-71.55%
-47.40
+28.73%
-66.50
-28.57%
-51.73
Change In Receivables
-11.04
-496.02%
2.79
-72.96%
10.31
+131.92%
-32.31
Changes In Account Receivables
-11.04
-496.02%
2.79
-72.96%
10.31
+131.92%
-32.31
Change In Prepaid Assets
-4.04
+11.90%
-4.59
+21.32%
-5.83
-145675.00%
-0.00
Change In Payables And Accrued Expense
-1.13
-115.30%
7.38
+164.38%
-11.46
+57.97%
-27.27
Change In Payable
-1.13
-115.30%
7.38
+164.38%
-11.46
+57.97%
-27.27
Change In Account Payable
3.30
-67.13%
10.05
+169.65%
-14.43
+49.58%
-28.62
Change In Other Working Capital
-62.62
-32.67%
-47.20
+10.52%
-52.76
-467.73%
14.35
Change In Other Current Liabilities
-2.47
+57.21%
-5.78
+14.64%
-6.77
-4.33%
-6.49
Investing Cash Flow
20.63
+1815.41%
1.08
+104.31%
-24.97
+85.58%
-173.23
Cash Flow From Continuing Investing Activities
20.63
+1815.41%
1.08
+104.31%
-24.97
+85.58%
-173.23
Net PPE Purchase And Sale
-5.80
-152.30%
-2.30
-263.92%
-0.63
+59.59%
-1.56
Purchase Of PPE
-5.80
-152.30%
-2.30
-263.92%
-0.63
+59.59%
-1.56
Capital Expenditure
-17.68
-19.68%
-14.78
-13.08%
-13.07
+16.90%
-15.72
Capital Expenditure Reported
-11.88
+4.77%
-12.47
-0.33%
-12.43
+12.19%
-14.16
Net Investment Purchase And Sale
39.81
+151.15%
15.85
+233.14%
-11.91
+92.37%
-156.00
Purchase Of Investment
-182.60
+45.80%
-336.90
-9.49%
-307.71
-88.20%
-163.50
Sale Of Investment
222.41
-36.95%
352.75
+19.25%
295.80
+3844.00%
7.50
Net Business Purchase And Sale
—
0.00
0.00
+100.00%
-1.50
Purchase Of Business
—
0.00
0.00
+100.00%
-1.50
Net Intangibles Purchase And Sale
—
—
—
-14.16
Purchase Of Intangibles
—
—
—
-14.16
Net Other Investing Changes
-1.50
—
—
—
Financing Cash Flow
-68.46
+60.14%
-171.75
-994.76%
19.20
+30.09%
14.76
Cash Flow From Continuing Financing Activities
-68.46
+60.14%
-171.75
-994.76%
19.20
+30.09%
14.76
Net Common Stock Issuance
-50.97
+66.10%
-150.32
0.00
0.00
Common Stock Payments
-50.97
+66.10%
-150.32
0.00
0.00
Repurchase Of Capital Stock
-50.97
+66.10%
-150.32
0.00
0.00
Proceeds From Stock Option Exercised
4.25
-54.84%
9.40
-63.79%
25.95
+58.83%
16.34
Net Other Financing Charges
-21.74
+29.46%
-30.82
-355.98%
-6.76
-326.23%
-1.59
Changes In Cash
39.82
+133.86%
-117.63
-1411.55%
-7.78
+96.45%
-219.43
Effect Of Exchange Rate Changes
0.24
+305.17%
-0.12
-680.00%
0.02
+180.00%
-0.03
Beginning Cash Position
191.81
-38.04%
309.55
-2.45%
317.31
-40.88%
536.77
End Cash Position
231.87
+20.89%
191.81
-38.04%
309.55
-2.45%
317.31
Free Cash Flow
69.98
+82.86%
38.27
+353.92%
-15.07
+80.35%
-76.68
Interest Paid Supplemental Data
0.30
0.00
-100.00%
3.19
+13760.87%
0.02
Income Tax Paid Supplemental Data
5.04
+293.83%
1.28
-9.66%
1.42
+109.14%
0.68
Amortization Of Securities
-3.19
+61.61%
-8.30
-10.80%
-7.49
-736.16%
-0.90
Common Stock Issuance
—
—
0.00
0.00
Issuance Of Capital Stock
—
—
0.00
0.00
Net Preferred Stock Issuance
—
—
0.00
0.00
Preferred Stock Issuance
—
—
0.00
0.00
SEC Filings

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

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