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Side-by-side financial comparison of INFINITY NATURAL RESOURCES, INC. (INR) and Udemy, Inc. (UDMY). Click either name above to swap in a different company.

Udemy, Inc. is the larger business by last-quarter revenue ($194.0M vs $115.5M, roughly 1.7× INFINITY NATURAL RESOURCES, INC.). INFINITY NATURAL RESOURCES, INC. runs the higher net margin — 17.3% vs -1.2%, a 18.5% gap on every dollar of revenue.

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.

INR vs UDMY — Head-to-Head

Bigger by revenue
UDMY
UDMY
1.7× larger
UDMY
$194.0M
$115.5M
INR
Higher net margin
INR
INR
18.5% more per $
INR
17.3%
-1.2%
UDMY

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
INR
INR
UDMY
UDMY
Revenue
$115.5M
$194.0M
Net Profit
$20.0M
$-2.3M
Gross Margin
66.0%
Operating Margin
47.0%
-1.8%
Net Margin
17.3%
-1.2%
Revenue YoY
-3.0%
Net Profit YoY
76.4%
EPS (diluted)
$1.33
$-0.01

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
INR
INR
UDMY
UDMY
Q4 25
$115.5M
$194.0M
Q3 25
$78.3M
$195.7M
Q2 25
$72.5M
$199.9M
Q1 25
$84.2M
$200.3M
Q4 24
$199.9M
Q3 24
$195.4M
Q2 24
$194.4M
Q1 24
$196.8M
Net Profit
INR
INR
UDMY
UDMY
Q4 25
$20.0M
$-2.3M
Q3 25
$10.4M
$1.6M
Q2 25
$18.0M
$6.3M
Q1 25
$-34.6M
$-1.8M
Q4 24
$-9.9M
Q3 24
$-25.3M
Q2 24
$-31.8M
Q1 24
$-18.3M
Gross Margin
INR
INR
UDMY
UDMY
Q4 25
66.0%
Q3 25
65.9%
Q2 25
66.1%
Q1 25
64.6%
Q4 24
63.6%
Q3 24
63.0%
Q2 24
62.3%
Q1 24
61.2%
Operating Margin
INR
INR
UDMY
UDMY
Q4 25
47.0%
-1.8%
Q3 25
30.5%
-0.1%
Q2 25
29.9%
2.0%
Q1 25
-104.5%
-2.2%
Q4 24
-5.8%
Q3 24
-15.1%
Q2 24
-13.1%
Q1 24
-11.5%
Net Margin
INR
INR
UDMY
UDMY
Q4 25
17.3%
-1.2%
Q3 25
13.3%
0.8%
Q2 25
24.8%
3.1%
Q1 25
-41.1%
-0.9%
Q4 24
-4.9%
Q3 24
-12.9%
Q2 24
-16.4%
Q1 24
-9.3%
EPS (diluted)
INR
INR
UDMY
UDMY
Q4 25
$1.33
$-0.01
Q3 25
$0.65
$0.01
Q2 25
$1.18
$0.04
Q1 25
$-2.27
$-0.01
Q4 24
$-0.06
Q3 24
$-0.17
Q2 24
$-0.21
Q1 24
$-0.12

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
INR
INR
UDMY
UDMY
Cash + ST InvestmentsLiquidity on hand
$2.8M
$358.7M
Total DebtLower is stronger
$55.0K
Stockholders' EquityBook value
$307.1M
$210.5M
Total Assets
$1.2B
$617.7M
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INR
INR
UDMY
UDMY
Q4 25
$2.8M
$358.7M
Q3 25
$4.6M
$371.2M
Q2 25
$6.3M
$392.0M
Q1 25
$4.9M
$357.0M
Q4 24
$354.4M
Q3 24
$357.1M
Q2 24
$420.9M
Q1 24
$430.7M
Total Debt
INR
INR
UDMY
UDMY
Q4 25
$55.0K
Q3 25
Q2 25
Q1 25
$123.0K
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
INR
INR
UDMY
UDMY
Q4 25
$307.1M
$210.5M
Q3 25
$288.6M
$221.8M
Q2 25
$10.1M
$233.4M
Q1 25
$-52.2M
$209.4M
Q4 24
$197.4M
Q3 24
$196.3M
Q2 24
$252.3M
Q1 24
$296.5M
Total Assets
INR
INR
UDMY
UDMY
Q4 25
$1.2B
$617.7M
Q3 25
$1.1B
$618.9M
Q2 25
$1.0B
$644.0M
Q1 25
$953.9M
$639.0M
Q4 24
$605.6M
Q3 24
$608.9M
Q2 24
$671.9M
Q1 24
$708.5M
Debt / Equity
INR
INR
UDMY
UDMY
Q4 25
0.00×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
INR
INR
UDMY
UDMY
Operating Cash FlowLast quarter
$75.1M
$15.5M
Free Cash FlowOCF − Capex
$15.0M
FCF MarginFCF / Revenue
7.7%
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
3.75×
TTM Free Cash FlowTrailing 4 quarters
$81.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
INR
INR
UDMY
UDMY
Q4 25
$75.1M
$15.5M
Q3 25
$42.1M
$15.7M
Q2 25
$70.4M
$44.2M
Q1 25
$74.2M
$12.2M
Q4 24
$9.6M
Q3 24
$-6.1M
Q2 24
$28.6M
Q1 24
$21.0M
Free Cash Flow
INR
INR
UDMY
UDMY
Q4 25
$15.0M
Q3 25
$15.1M
Q2 25
$41.9M
Q1 25
$9.8M
Q4 24
$8.4M
Q3 24
$-6.7M
Q2 24
$28.2M
Q1 24
$20.8M
FCF Margin
INR
INR
UDMY
UDMY
Q4 25
7.7%
Q3 25
7.7%
Q2 25
21.0%
Q1 25
4.9%
Q4 24
4.2%
Q3 24
-3.4%
Q2 24
14.5%
Q1 24
10.6%
Capex Intensity
INR
INR
UDMY
UDMY
Q4 25
0.3%
Q3 25
0.3%
Q2 25
1.1%
Q1 25
1.2%
Q4 24
0.6%
Q3 24
0.3%
Q2 24
0.2%
Q1 24
0.1%
Cash Conversion
INR
INR
UDMY
UDMY
Q4 25
3.75×
Q3 25
4.04×
9.58×
Q2 25
3.91×
7.06×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

INR
INR

Oil Reserves$54.0M47%
Natural Gas Reserves$46.8M41%
Natural Gas Liquids Reserves$14.7M13%

UDMY
UDMY

Segment breakdown not available.

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