Udemy, Inc. (UDMY)

Udemy Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	252.56	231.49	190.59	305.56	313.69	533.87
Short-Term Investments	105.26	127.26	163.84	171.37	151.69	0.75
Cash & Short-Term Investments	357.82	358.74	354.44	476.94	465.37	534.61
Cash Growth	0.22%	1.21%	-25.69%	2.48%	-12.95%	205.44%
Receivables	97.14	95.89	88.22	92.56	104.53	73.18
Prepaid Expenses	30.53	25.47	22.74	20.92	14.88	12.47
Restricted Cash	0.1	0.2	0.1	3.33	-	-
Other Current Assets	48.05	43.91	40.84	38.58	30.23	21.62
Total Current Assets	533.63	524.21	506.33	632.33	615.01	641.87
Property, Plant & Equipment	15.09	15.73	15.48	10.13	18.39	9.89
Long-Term Investments	-	-	-	10.31	12.1	10
Goodwill	12.65	12.65	12.65	12.65	12.65	12.65
Other Intangible Assets	30.8	31.41	33.98	36.61	36.74	33.65
Long-Term Deferred Charges	27.09	28.01	32.21	35.79	35.41	25.65
Other Long-Term Assets	15.32	5.68	4.98	3.38	7.26	6.15
Total Assets	634.59	617.7	605.63	741.2	737.57	739.85

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	12.89	8.2	6.31	2.51	14.53	34.63
Accrued Expenses	67.5	57.36	54.49	48.3	47.14	58.85
Current Portion of Leases	4.87	4.54	2.5	5.83	7	-
Current Unearned Revenue	299.86	294.07	291.11	279.41	273.94	208.27
Other Current Liabilities	31.04	35.9	43.07	44.09	44.3	39.6
Total Current Liabilities	416.15	400.07	397.48	380.13	386.91	341.34
Long-Term Leases	4.85	5.69	8.32	1.12	6.55	-
Long-Term Unearned Revenue	1.14	1.25	2.44	3	4.34	2.28
Other Long-Term Liabilities	0.27	0.23	0.01	0.05	0.46	6.53
Total Liabilities	422.41	407.24	408.23	384.3	398.26	350.15

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	0	0	0	0	0	0
Additional Paid-In Capital	1,026	1,011	1,002	1,077	951.95	848.23
Retained Earnings	-813.79	-801.18	-804.99	-719.7	-612.4	-458.53
Comprehensive Income & Other	0.03	0.16	-0.01	0.08	-0.23	-0
Total Common Equity	212.18	210.46	197.39	356.89	339.31	389.7
Shareholders' Equity	212.18	210.46	197.39	356.89	339.31	389.7
Total Liabilities & Equity	634.59	617.7	605.63	741.2	737.57	739.85

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	9.72	10.23	10.82	6.95	13.55	-
Net Cash (Debt)	348.1	348.52	343.62	469.99	451.83	534.61
Net Cash Growth	0.27%	1.43%	-26.89%	4.02%	-15.49%	205.44%
Net Cash Per Share	2.36	2.32	2.27	3.13	3.21	9.73
Filing Date Shares Outstanding	146.28	145.42	147.74	158.09	145.36	139.53
Total Common Shares Outstanding	145.94	147.48	147.48	157.17	145.01	139.16
Working Capital	117.48	124.14	108.85	252.2	228.11	300.53
Book Value Per Share	1.45	1.43	1.34	2.27	2.34	2.80
Tangible Book Value	168.73	166.4	150.77	307.64	289.92	343.4
Tangible Book Value Per Share	1.16	1.13	1.02	1.96	2.00	2.47
Machinery	15.82	15.54	13.05	12.48	12.69	11.5
Construction In Progress	-	0.01	1.76	-	-	0.02
Leasehold Improvements	22.89	22.83	19.06	19.06	19.11	18.93

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: May 11, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Sep 29, 2026

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