Udemy, Inc. (UDMY)

Udemy Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	230.26	190.59	305.56	313.69	533.87	175.03
Short-Term Investments	161.72	163.84	171.37	151.69	0.75	-
Cash & Short-Term Investments	391.98	354.44	476.94	465.37	534.61	175.03
Cash Growth	-6.88%	-25.69%	2.48%	-12.95%	205.44%	254.07%
Receivables	84.44	88.22	92.56	104.53	73.18	46.26
Prepaid Expenses	22.92	22.74	20.92	14.88	12.47	4.9
Restricted Cash	0.2	0.1	3.33	-	-	-
Other Current Assets	47.96	40.84	38.58	30.23	21.62	10.77
Total Current Assets	547.5	506.33	632.33	615.01	641.87	236.96
Property, Plant & Equipment	16.29	15.48	10.13	18.39	9.89	9.11
Long-Term Investments	-	-	10.31	12.1	10	-
Goodwill	12.65	12.65	12.65	12.65	12.65	-
Other Intangible Assets	32.77	33.98	36.61	36.74	33.65	14.01
Long-Term Deferred Charges	28.48	32.21	35.79	35.41	25.65	16.2
Other Long-Term Assets	6.28	4.98	3.38	7.26	6.15	5.82
Total Assets	643.96	605.63	741.2	737.57	739.85	282.1
Accounts Payable	7.41	6.31	2.51	14.53	34.63	23.71
Accrued Expenses	45.51	54.49	48.3	47.14	58.85	65.21
Current Portion of Leases	2.93	2.5	5.83	7	-	-
Current Unearned Revenue	311.22	291.11	279.41	273.94	208.27	141.44
Other Current Liabilities	35.6	43.07	44.09	44.3	39.6	33.46
Total Current Liabilities	402.67	397.48	380.13	386.91	341.34	263.81
Long-Term Leases	6.29	8.32	1.12	6.55	-	-
Long-Term Unearned Revenue	1.64	2.44	3	4.34	2.28	0.94
Other Long-Term Liabilities	0.01	0.01	0.05	0.46	6.53	3.93
Total Liabilities	410.6	408.23	384.3	398.26	350.15	268.68
Common Stock	0	0	0	0	0	-
Additional Paid-In Capital	1,034	1,002	1,077	951.95	848.23	117.82
Retained Earnings	-800.49	-804.99	-719.7	-612.4	-458.53	-378.5
Comprehensive Income & Other	0.05	-0.01	0.08	-0.23	-0	-
Total Common Equity	233.36	197.39	356.89	339.31	389.7	-260.69
Shareholders' Equity	233.36	197.39	356.89	339.31	389.7	13.42
Total Liabilities & Equity	643.96	605.63	741.2	737.57	739.85	282.1
Total Debt	9.22	10.82	6.95	13.55	-	-
Net Cash (Debt)	382.76	343.62	469.99	451.83	534.61	175.03
Net Cash Growth	-6.15%	-26.89%	4.02%	-15.49%	205.44%	254.07%
Net Cash Per Share	2.58	2.27	3.13	3.21	9.73	5.24
Filing Date Shares Outstanding	150.34	147.74	158.09	145.36	139.53	35.63
Total Common Shares Outstanding	149.92	147.48	157.17	145.01	139.16	35.63
Working Capital	144.82	108.85	252.2	228.11	300.53	-26.85
Book Value Per Share	1.56	1.34	2.27	2.34	2.80	-7.32
Tangible Book Value	187.94	150.77	307.64	289.92	343.4	-274.7
Tangible Book Value Per Share	1.25	1.02	1.96	2.00	2.47	-7.71
Machinery	14.93	13.05	12.48	12.69	11.5	10.35
Construction In Progress	0.08	1.76	-	-	0.02	0.02
Leasehold Improvements	22.62	19.06	19.06	19.11	18.93	15.16

Updated Jul 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q