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Side-by-side financial comparison of LAUREATE EDUCATION, INC. (LAUR) and Udemy, Inc. (UDMY), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.
LAUREATE EDUCATION, INC. is the larger business by last-quarter revenue ($541.4M vs $194.0M, roughly 2.8× Udemy, Inc.). LAUREATE EDUCATION, INC. runs the higher net margin — 31.7% vs -1.2%, a 32.9% gap on every dollar of revenue. On growth, LAUREATE EDUCATION, INC. posted the faster year-over-year revenue change (27.9% vs -3.0%). LAUREATE EDUCATION, INC. produced more free cash flow last quarter ($26.4M vs $15.0M). Over the past eight quarters, LAUREATE EDUCATION, INC.'s revenue compounded faster (40.2% CAGR vs -0.7%).
Laureate Education, Inc. is a company based in Miami, Florida, United States. The firm owns and operates Laureate International Universities, with campuses in Mexico and Peru. The company is publicly traded on the Nasdaq.
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.
LAUR vs UDMY — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $541.4M | $194.0M |
| Net Profit | $171.6M | $-2.3M |
| Gross Margin | 35.8% | 66.0% |
| Operating Margin | 33.2% | -1.8% |
| Net Margin | 31.7% | -1.2% |
| Revenue YoY | 27.9% | -3.0% |
| Net Profit YoY | 83.2% | 76.4% |
| EPS (diluted) | $1.14 | $-0.01 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align — see 8-quarter trend below.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history — bar widths are scaled to the larger of the two companies so you can eyeball the size gap and growth trajectory without doing math. Quarters aligned by calendar period (report date) so offset fiscal years line up.
| Q4 25 | $541.4M | $194.0M | ||
| Q3 25 | $400.2M | $195.7M | ||
| Q2 25 | $524.2M | $199.9M | ||
| Q1 25 | $236.2M | $200.3M | ||
| Q4 24 | $423.4M | $199.9M | ||
| Q3 24 | $368.6M | $195.4M | ||
| Q2 24 | $499.2M | $194.4M | ||
| Q1 24 | $275.4M | $196.8M |
| Q4 25 | $171.6M | $-2.3M | ||
| Q3 25 | $34.5M | $1.6M | ||
| Q2 25 | $95.1M | $6.3M | ||
| Q1 25 | $-19.5M | $-1.8M | ||
| Q4 24 | $93.6M | $-9.9M | ||
| Q3 24 | $85.5M | $-25.3M | ||
| Q2 24 | $128.1M | $-31.8M | ||
| Q1 24 | $-10.8M | $-18.3M |
| Q4 25 | 35.8% | 66.0% | ||
| Q3 25 | 20.9% | 65.9% | ||
| Q2 25 | 39.5% | 66.1% | ||
| Q1 25 | -0.9% | 64.6% | ||
| Q4 24 | 32.0% | 63.6% | ||
| Q3 24 | 22.4% | 63.0% | ||
| Q2 24 | 36.1% | 62.3% | ||
| Q1 24 | 7.8% | 61.2% |
| Q4 25 | 33.2% | -1.8% | ||
| Q3 25 | 17.9% | -0.1% | ||
| Q2 25 | 36.9% | 2.0% | ||
| Q1 25 | -5.6% | -2.2% | ||
| Q4 24 | 29.3% | -5.8% | ||
| Q3 24 | 19.5% | -15.1% | ||
| Q2 24 | 33.4% | -13.1% | ||
| Q1 24 | 4.0% | -11.5% |
| Q4 25 | 31.7% | -1.2% | ||
| Q3 25 | 8.6% | 0.8% | ||
| Q2 25 | 18.1% | 3.1% | ||
| Q1 25 | -8.3% | -0.9% | ||
| Q4 24 | 22.1% | -4.9% | ||
| Q3 24 | 23.2% | -12.9% | ||
| Q2 24 | 25.7% | -16.4% | ||
| Q1 24 | -3.9% | -9.3% |
| Q4 25 | $1.14 | $-0.01 | ||
| Q3 25 | $0.23 | $0.01 | ||
| Q2 25 | $0.65 | $0.04 | ||
| Q1 25 | $-0.13 | $-0.01 | ||
| Q4 24 | $0.60 | $-0.06 | ||
| Q3 24 | $0.56 | $-0.17 | ||
| Q2 24 | $0.83 | $-0.21 | ||
| Q1 24 | $-0.07 | $-0.12 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest filing — the kind of financial-strength check premium terminals charge for.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $146.7M | $358.7M |
| Total DebtLower is stronger | $73.1M | — |
| Stockholders' EquityBook value | $1.2B | $210.5M |
| Total Assets | $2.2B | $617.7M |
| Debt / EquityLower = less leverage | 0.06× | — |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | $146.7M | $358.7M | ||
| Q3 25 | $241.0M | $371.2M | ||
| Q2 25 | $135.3M | $392.0M | ||
| Q1 25 | $109.8M | $357.0M | ||
| Q4 24 | $91.3M | $354.4M | ||
| Q3 24 | $134.4M | $357.1M | ||
| Q2 24 | $128.8M | $420.9M | ||
| Q1 24 | $126.2M | $430.7M |
| Q4 25 | $73.1M | — | ||
| Q3 25 | $70.6M | — | ||
| Q2 25 | $78.1M | — | ||
| Q1 25 | $91.0M | — | ||
| Q4 24 | $59.0M | — | ||
| Q3 24 | $129.8M | — | ||
| Q2 24 | $203.0M | — | ||
| Q1 24 | $176.6M | — |
| Q4 25 | $1.2B | $210.5M | ||
| Q3 25 | $1.1B | $221.8M | ||
| Q2 25 | $1.1B | $233.4M | ||
| Q1 25 | $908.5M | $209.4M | ||
| Q4 24 | $959.5M | $197.4M | ||
| Q3 24 | $897.7M | $196.3M | ||
| Q2 24 | $918.0M | $252.3M | ||
| Q1 24 | $933.6M | $296.5M |
| Q4 25 | $2.2B | $617.7M | ||
| Q3 25 | $2.1B | $618.9M | ||
| Q2 25 | $2.0B | $644.0M | ||
| Q1 25 | $1.9B | $639.0M | ||
| Q4 24 | $1.9B | $605.6M | ||
| Q3 24 | $1.9B | $608.9M | ||
| Q2 24 | $2.1B | $671.9M | ||
| Q1 24 | $2.2B | $708.5M |
| Q4 25 | 0.06× | — | ||
| Q3 25 | 0.06× | — | ||
| Q2 25 | 0.07× | — | ||
| Q1 25 | 0.10× | — | ||
| Q4 24 | 0.06× | — | ||
| Q3 24 | 0.14× | — | ||
| Q2 24 | 0.22× | — | ||
| Q1 24 | 0.19× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Net income can be massaged; cash flow is harder to fake.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $93.4M | $15.5M |
| Free Cash FlowOCF − Capex | $26.4M | $15.0M |
| FCF MarginFCF / Revenue | 4.9% | 7.7% |
| Capex IntensityCapex / Revenue; lower = less reinvestment burden | 12.4% | 0.3% |
| Cash ConversionOCF / Net Profit; >1× = earnings back up with cash | 0.54× | — |
| TTM Free Cash FlowTrailing 4 quarters | $263.1M | $81.9M |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | $93.4M | $15.5M | ||
| Q3 25 | $141.0M | $15.7M | ||
| Q2 25 | $74.1M | $44.2M | ||
| Q1 25 | $57.8M | $12.2M | ||
| Q4 24 | $40.7M | $9.6M | ||
| Q3 24 | $118.7M | $-6.1M | ||
| Q2 24 | $40.2M | $28.6M | ||
| Q1 24 | $33.2M | $21.0M |
| Q4 25 | $26.4M | $15.0M | ||
| Q3 25 | $122.8M | $15.1M | ||
| Q2 25 | $60.8M | $41.9M | ||
| Q1 25 | $53.2M | $9.8M | ||
| Q4 24 | $3.4M | $8.4M | ||
| Q3 24 | $110.7M | $-6.7M | ||
| Q2 24 | $29.5M | $28.2M | ||
| Q1 24 | $17.3M | $20.8M |
| Q4 25 | 4.9% | 7.7% | ||
| Q3 25 | 30.7% | 7.7% | ||
| Q2 25 | 11.6% | 21.0% | ||
| Q1 25 | 22.5% | 4.9% | ||
| Q4 24 | 0.8% | 4.2% | ||
| Q3 24 | 30.0% | -3.4% | ||
| Q2 24 | 5.9% | 14.5% | ||
| Q1 24 | 6.3% | 10.6% |
| Q4 25 | 12.4% | 0.3% | ||
| Q3 25 | 4.5% | 0.3% | ||
| Q2 25 | 2.5% | 1.1% | ||
| Q1 25 | 2.0% | 1.2% | ||
| Q4 24 | 8.8% | 0.6% | ||
| Q3 24 | 2.2% | 0.3% | ||
| Q2 24 | 2.1% | 0.2% | ||
| Q1 24 | 5.8% | 0.1% |
| Q4 25 | 0.54× | — | ||
| Q3 25 | 4.09× | 9.58× | ||
| Q2 25 | 0.78× | 7.06× | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.43× | — | ||
| Q3 24 | 1.39× | — | ||
| Q2 24 | 0.31× | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Sankey diagram of revenue → gross profit → operating profit → net profit for each company. Charts shown full-width and stacked so both segment hierarchies are readable side-by-side on desktop and mobile.
Revenue Breakdown by Segment
LAUR
| Mexico Segment | $275.9M | 51% |
| Peru Segment | $265.5M | 49% |
UDMY
| Enterprise Segment | $134.2M | 69% |
| Consumer Segment | $59.8M | 31% |
| Reportable Segment | $6.6M | 3% |
