Udemy, Inc.UDMYEarnings & Financial Report
Udemy is a US-based education technology company. Founded as a massive open online course (MOOC) provider in 2010 by Eren Bali, Gagan Biyani, and Oktay Caglar; the company is based in San Francisco, California, with offices in the United States, Australia, India, Ireland, Mexico and Turkey. Its education platform allows both the creation and sharing of online courses. By early 2025, Udemy claimed to have millions of individual users. Courses are typically video-based and on-demand.
UDMY Q4 FY2025 Key Financial Metrics
Revenue
$194.0M
Gross Profit
$128.0M
Operating Profit
$-3.4M
Net Profit
$-2.3M
Gross Margin
66.0%
Operating Margin
-1.8%
Net Margin
-1.2%
YoY Growth
-3.0%
EPS
$-0.01
Udemy, Inc. Q4 FY2025 Financial Summary
Udemy, Inc. reported revenue of $194.0M (down 3.0% YoY) for Q4 FY2025, with a net profit of $-2.3M (up 76.4% YoY) (-1.2% margin). Cost of goods sold was $65.9M, operating expenses totaled $131.5M.
Key Financial Metrics
| Total Revenue | $194.0M |
|---|---|
| Net Profit | $-2.3M |
| Gross Margin | 66.0% |
| Operating Margin | -1.8% |
| Report Period | Q4 FY2025 |
Udemy, Inc. Annual Revenue by Year
Udemy, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $789.8M).
Udemy, Inc. Quarterly Revenue & Net Profit History
Udemy, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $194.0M | -3.0% | $-2.3M | -1.2% |
| Q3 FY2025 | $195.7M | +0.1% | $1.6M | 0.8% |
| Q2 FY2025 | $199.9M | +2.8% | $6.3M | 3.1% |
| Q1 FY2025 | $200.3M | +1.8% | $-1.8M | -0.9% |
| Q4 FY2024 | $199.9M | +5.5% | $-9.9M | -4.9% |
| Q3 FY2024 | $195.4M | +5.8% | $-25.3M | -12.9% |
| Q2 FY2024 | $194.4M | +9.0% | $-31.8M | -16.4% |
| Q1 FY2024 | $196.8M | +11.6% | $-18.3M | -9.3% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $196.8M | $194.4M | $195.4M | $199.9M | $200.3M | $199.9M | $195.7M | $194.0M |
| YoY Growth | 11.6% | 9.0% | 5.8% | 5.5% | 1.8% | 2.8% | 0.1% | -3.0% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $708.5M | $671.9M | $608.9M | $605.6M | $639.0M | $644.0M | $618.9M | $617.7M |
| Liabilities | $412.0M | $419.7M | $412.6M | $408.2M | $429.6M | $410.6M | $397.1M | $407.2M |
| Equity | $296.5M | $252.3M | $196.3M | $197.4M | $209.4M | $233.4M | $221.8M | $210.5M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $21.0M | $28.6M | $-6.1M | $9.6M | $12.2M | $44.2M | $15.7M | $15.5M |