Udemy, Inc.
UDMYNasdaqOther · Services-Educational Services · DE · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $789.8M | $786.6M | $728.9M | $629.1M | $515.7M | $429.9M |
| Operating income | −$4.2M | −$89.3M | −$121.9M | −$151.2M | −$77.9M | −$73.4M |
| Net income | $3.8M | −$85.3M | −$107.3M | −$153.9M | −$80.0M | −$77.6M |
| Total assets | $617.7M | $605.6M | $741.2M | $737.6M | $739.9M | $282.1M |
| Total liabilities | $407.2M | $408.2M | $384.3M | $398.3M | $350.2M | $268.7M |
| Equity | $210.5M | $197.4M | $356.9M | $339.3M | $389.7M | −$260.7M |
| EPS (diluted) | $0.03 | $-0.56 | $-0.71 | $-1.09 | $-1.46 | $-2.33 |
| Shares out. | 147.7M | 158.1M | 145.4M | 139.5M | 139.2M | 35.6M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- −0.5%
- Net margin
- 0.5%
- Return on equity
- 1.8%
- Return on assets
- 0.6%
- Return on capital (ROCE)
- −1.9%
- Liabilities / assets
- 65.9%
- Debt / equity
- 1.93×
- Book value / share
- $1.42
- Revenue growth (YoY)
- 0.4%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- -2.41distress
- Accruals / assets
- −13.6%clean
- Beneish M-Score
- -3.08normal
- Piotroski F-Score
- 8/9strong
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 1 severe● 1 warning● 3 good- Altman Z″ in the distress zone
- Operating losses (negative operating margin)
- Revenue is growing year-over-year
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Lieberman JeffreyDirector | May 11, 2026 | D | 147,477 | — |
| Insight Holdings Group, Llc10% owner | May 11, 2026 | D | 98,286 | — |
| Insight Holdings Group, Llc10% owner | May 11, 2026 | D | 24.2M | — |
| Rosenthal RobertOfficer — President, Udemy Business | May 11, 2026 | Grant | 68,750 | $0.00 |
| Goldschmied Ozzie J.Officer — Chief Technology Officer | May 11, 2026 | Grant | 34,375 | $0.00 |
| Blanchard SarahOfficer — Chief Financial Officer | May 11, 2026 | Grant | 125,000 | $0.00 |
| Sarrazin HugoOfficer — President and CEO | May 11, 2026 | Grant | 168,750 | $0.00 |
| Abbasi SohaibDirector | May 11, 2026 | D | 114,171 | — |
| Schechtman NatalieDirector | May 11, 2026 | D | 93,657 | — |
| Maco MarylouDirector | May 11, 2026 | D | 60,484 | — |
| Paterson LydiaDirector | May 11, 2026 | D | 95,171 | — |
| Hiles HeatherDirector | May 11, 2026 | D | 70,143 | — |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| Apr 30, 2026 | 7.0M | 4.2 | -9.9% |
| Apr 15, 2026 | 7.8M | 5.3 | -25.2% |
| Mar 31, 2026 | 10.4M | 6.9 | +6.8% |
| Mar 13, 2026 | 9.7M | 5.9 | -0.5% |
| Feb 27, 2026 | 9.8M | 5.3 | +1.0% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Terminated a material agreement · Completed an acquisition or disposition · Delisting / listing-standard notice · Modified shareholder rights · Change in control · Director / officer change · Amended charter or bylaws · Other material eventMay 11, 2026
- Shareholder voteApr 9, 2026
- Other material eventMar 31, 2026
- Other material eventFeb 10, 2026
- Results of operationsFeb 5, 2026
- Director / officer changeDec 22, 2025
- Entered a material agreementDec 18, 2025
- Other material eventDec 17, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.