Udemy Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019
Revenue	728.94	629.1	515.66	429.9	276.33
Revenue Growth (YoY)	15.87%	22.00%	19.95%	55.58%	-
Cost of Revenue	309.6	275.32	236.02	209.25	143.51
Gross Profit	419.34	353.78	279.63	220.65	132.82
Selling, General & Admin	410.64	400.41	291.43	243.38	166.47
Research & Development	120.34	104.56	66.11	50.64	34.38
Other Operating Expenses	10.26	0	0	0	0
Operating Expenses	541.23	504.97	357.54	294.03	200.85
Operating Income	-121.9	-151.19	-77.91	-73.38	-68.03
Interest Expense / Income	0.52	1.25	0.22	1.15	-0.09
Other Expense / Income	-18.77	-0.85	0.72	-0.06	0.38
Pretax Income	-103.64	-151.59	-78.84	-74.47	-68.33
Income Tax	3.65	2.29	1.18	3.15	1.38
Net Income	-107.29	-153.88	-80.03	-77.62	-69.7
Shares Outstanding (Basic)	150	141	55	33	27
Shares Outstanding (Diluted)	150	141	55	33	27
Shares Change	6.55%	156.26%	64.67%	23.21%	-
EPS (Basic)	-0.71	-1.09	-1.46	-2.33	-2.57
EPS (Diluted)	-0.71	-1.09	-1.46	-2.33	-2.57
Free Cash Flow	-15.07	-76.68	-25.31	-4.91	-27.58
Free Cash Flow Per Share	-0.10	-0.54	-0.46	-0.15	-1.02
Gross Margin	57.53%	56.24%	54.23%	51.33%	48.07%
Operating Margin	-16.72%	-24.03%	-15.11%	-17.07%	-24.62%
Profit Margin	-14.72%	-24.46%	-15.52%	-18.06%	-25.22%
Free Cash Flow Margin	-2.07%	-12.19%	-4.91%	-1.14%	-9.98%
EBITDA	-72.68	-122.92	-63.33	-54.78	-56.64
EBITDA Margin	-9.97%	-19.54%	-12.28%	-12.74%	-20.50%
Depreciation & Amortization	30.44	27.42	15.3	18.54	11.78
EBIT	-103.12	-150.34	-78.62	-73.33	-68.42
EBIT Margin	-14.15%	-23.90%	-15.25%	-17.06%	-24.76%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).