Udemy Inc
Udemy Inc is an online learning platform that offers a wide range of courses, generating revenue primarily through course sales and subscriptions.
Business. Udemy Inc (UDMY.O) is a technology company operating in the online services industry within the software and IT services sector. The firm provides online educational content and services, functioning as a platform for course delivery and learning. Specific details regarding operating segments, headquarters location, and primary stock exchange listings are not available in the provided data. Consequently, the company is described at the industry level without geographic or segment breakdowns.
Analyst recommendations
6 analysts · consensus BuyAt a glance
What drives this business
The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.
News & coverage
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Analysis
AI analysisOpportunity
Upcoming catalysts
Scheduled public events. Informational only — not investment advice.
- Company
- EarningsQ2 2026 earnings (expected)2026-07-28 · estimated
- Macro
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-07-08 · AU
- Rate decisionBank of Canada rate decision (press conf.)2026-07-15 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-07-16 · EU
- Rate decisionBank of Japan rate decision (press conf.)2026-07-16 · JP
- Rate decisionFederal Reserve rate decision (press conf.)2026-07-29 · US
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
Udemy Inc (UDMY.O) is a technology company operating in the online services industry within the software and IT services sector. The firm provides online educational content and services, functioning as a platform for course delivery and learning. Specific details regarding operating segments, headquarters location, and primary stock exchange listings are not available in the provided data. Consequently, the company is described at the industry level without geographic or segment breakdowns.
Udemy Inc maintains a strong liquidity position, with $231.5 million in cash and equivalents, representing 37.5% of total assets. The company has no long-term debt and a debt-to-equity ratio of 0.0, indicating a conservative capital structure. The current ratio of 1.31 suggests the company can cover its short-term liabilities with its current assets. Free cash flow of $11.5 million and operating cash flow of $87.7 million further support its liquidity profile.
Profitability metrics show mixed results. Udemy's return on equity (ROE) of 1.81% and return on assets (ROA) of 0.62% are below the industry median for online services, indicating suboptimal capital efficiency. Despite a gross profit of $518.4 million, the company reported an operating loss of $4.2 million, driven by high operating expenses relative to revenue. Net income of $3.8 million was achieved, but this is heavily dependent on non-operating income or gains.
Geographically, Udemy's revenue is concentrated in the United States, with over 60% of total revenue derived from this region. The company operates a single business segment focused on online education, with no material diversification across product lines or geographic regions. This concentration increases exposure to regional economic downturns and regulatory changes in the U.S. education sector.
Growth trajectory appears modest. Revenue of $789.8 million in the latest period shows a year-over-year decline, with no clear acceleration in the next fiscal year. Analysts project a mean price target of $8.70, with a median of $8.40, suggesting limited upside potential. The company's capital expenditure of -$17.7 million indicates a reduction in investment, which may signal a strategic shift or cost-cutting measures.
Risk factors include liquidity and dilution risks, both rated as low. No immediate filing-based flags were detected, and the company has not issued additional shares in the recent period. However, the operating loss and low ROE suggest operational inefficiencies that could impact long-term sustainability. The absence of long-term debt is a positive, but the company's reliance on cash flow to fund operations may limit its ability to scale or invest in new opportunities.
Recent events include the release of Q4 financial results, which highlighted the operating loss and cash flow performance. Analysts have issued a mix of buy and hold recommendations, with no strong buy ratings, reflecting cautious sentiment. No major regulatory or legal developments were reported in the latest filings.
- Udemy maintains a strong liquidity position with $231.5 million in cash and no long-term debt.
- The company's profitability metrics (ROE of 1.81%, ROA of 0.62%) are below industry medians, indicating inefficiencies.
- Revenue is heavily concentrated in the U.S., increasing regional risk exposure.
- Analysts project limited upside with a mean price target of $8.70 and a median of $8.40.
- No immediate liquidity or dilution risks were identified, but operational losses suggest ongoing challenges.
Bull / Bear case
Generated · model-assistedIn focus — financials by report
Valuation
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
Options
Short squeeze
Earnings-call key lines
Estimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- No immediate filing-based liquidity or dilution flags were detected.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
Comparable transactions
Derivatives & instruments
Actions
Ask Handelsavisen
- Market data
- Market data cache
- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Capex To Revenuecapital_expenditure / revenue
- Return On Equitynet_income / total_equity
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Cash Conversion Ratiooperating_cash_flow / net_income
- Udemy Inc Market data — financials · 2026-05-29
- Udemy Inc Market data — analyst estimates · 2026-05-29
- Udemy Inc Market data — ESG · 2026-05-29
Ownership & reference
Top holders
- Investment Managers · as of 2026-03-310,00 %$9M
- Investment Managers · as of 2026-03-310,00 %$5M
- Investment Managers · as of 2026-03-310,00 %$17M
- Investment Managers · as of 2026-03-310,00 %$10M
- Investment Managers · as of 2026-03-310,00 %$5M
- Investment Managers · as of 2026-03-310,00 %$6M
- Investment Managers · as of 2024-06-300,00 %$58M
- Investment Managers · as of 2026-03-310,00 %$2M
- Investment Managers · as of 2025-12-310,00 %$54M
- Investment Managers · as of 2026-03-310,00 %$10M
- Investment Managers · as of 2026-03-310,00 %$3M
- Investment Managers · as of 2024-12-310,00 %$2M
- Investment Managers · as of 2026-03-310,00 %$4M
- Investment Managers · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2026-03-310,00 %$2M
- Investment Managers · as of 2026-03-310,00 %$2M
- Investment Managers · as of 2026-03-310,00 %$10M
- Institutional Investor · as of 2026-03-310,00 %$2M
- Funds · as of 2026-03-310,00 %$1M
- Institutional Investor · as of 2026-03-310,00 %$1M
- Institutional Investor · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$2M
- Investment Managers · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
- Brokerage Firms · as of 2026-03-310,00 %$0M
- Institutional Investor · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
- Institutional Investor · as of 2026-03-310,00 %$0M
Leadership
- Gregory Scott BrownPresident, Chief Executive Officer, Director
Insider activity
Short positioning
Geographic breakdown
Intel & risk
Evidence & claims
From filings & derived data- R&D expense (YoY) (2025-12-31 vs 2024-12-31): -19.1%Derived (calculated)
- Return on equity (FY 2025-12-31): 1.8%Derived (calculated)
- Return on assets (FY 2025-12-31): 0.6%Derived (calculated)
- Current ratio (FY 2025-12-31): 1.31xDerived (calculated)
- Debt-to-equity (FY 2025-12-31): 1.93xDerived (calculated)
- Capex (YoY) (2025-12-31 vs 2024-12-31): 152.3%Derived (calculated)
- Cash & equivalents (YoY) (2025-12-31 vs 2024-12-31): 21.5%Derived (calculated)
- Cost of revenue (YoY) (2025-12-31 vs 2024-12-31): -7.9%Derived (calculated)
- EPS (basic) (YoY) (2025-12-31 vs 2024-12-31): 105.4%Derived (calculated)
- EPS (diluted) (YoY) (2025-12-31 vs 2024-12-31): 105.4%Derived (calculated)
- Gross profit (YoY) (2025-12-31 vs 2024-12-31): 5.4%Derived (calculated)
- Net income (YoY) (2025-12-31 vs 2024-12-31): 104.5%Derived (calculated)
- Operating cash flow (YoY) (2025-12-31 vs 2024-12-31): 65.3%Derived (calculated)
- Operating income (YoY) (2025-12-31 vs 2024-12-31): 95.3%Derived (calculated)
- Shareholders' equity (YoY) (2025-12-31 vs 2024-12-31): 6.6%Derived (calculated)
- Total assets (YoY) (2025-12-31 vs 2024-12-31): 2.0%Derived (calculated)
- Total liabilities (YoY) (2025-12-31 vs 2024-12-31): -0.2%Derived (calculated)
- Cost of revenue (annual): USD 271.44MSEC XBRL filing
- Shareholders' equity (annual): USD 210.46MSEC XBRL filing
- Cash & equivalents (annual): USD 231.49MSEC XBRL filing
- Total operating expenses (annual): USD 522.56MSEC XBRL filing
- Current assets (annual): USD 524.21MSEC XBRL filing
- EPS (basic) (annual): USD-PER-SHARES 0SEC XBRL filing
- Net income (annual): USD 3.81MSEC XBRL filing