Udemy (UDMY) Accumulated Expenses (2020 - 2026)
Udemy's (UDMY) quarterly Accumulated Expenses came in at $21.0 million in Q1 2026, down 5.98% year-on-year from $22.3 million in Q1 2025, and down 34.69% quarter-over-quarter from $32.1 million in Q4 2025.
Udemy (UDMY) Accumulated Expenses (2020 - 2026) Analysis & Trends
Udemy has disclosed Accumulated Expenses across 7 years of filings, most recently posting $21.0 million for Q1 2026.
- Accumulated Expenses for Q1 2026 came in at $21.0 million, down 5.98% year-over-year; the trailing twelve-month figure through Mar 2026 was $21.0 million (down 5.98% YoY), and the FY2025 annual result was $32.1 million, up 11.58% from the prior year.
- Accumulated Expenses came in at $21.0 million for Q1 2026 at Udemy, down from $32.1 million in the prior quarter.
- In the past five years, Accumulated Expenses ranged from a high of $36.8 million in Q3 2022 to a low of $20.2 million in Q1 2024.
- The 5-year median for Accumulated Expenses is $22.9 million (2022), against an average of $24.6 million.
- Peak annual rise in Accumulated Expenses reached 151.33% in 2022, while the deepest fall reached 42.99% in 2022.
- Udemy's Accumulated Expenses stood at $22.9 million in 2022, then rose by 6.34% to $24.3 million in 2023, then grew by 18.33% to $28.8 million in 2024, then grew by 11.58% to $32.1 million in 2025, then sank by 34.69% to $21.0 million in 2026.
- The last three Accumulated Expenses figures came in at $21.0 million (Q1 2026), $32.1 million (Q4 2025), and $26.2 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | 51Talk Online Education | 7.03 Bn | 6.99 Bn | 22.18 Mn |
| 2 | Laureate Education | 5.22 Bn | 5.06 Bn | -16.39 Mn |
| 3 | Graham Holdings | 5.09 Bn | 4.08 Bn | 841.00 Mn |
| 4 | Covista | 4.40 Bn | 4.40 Bn | 276.31 Mn |
| 5 | Stride | 4.17 Bn | 3.36 Bn | 231.57 Mn |
| 6 | Grand Canyon Education | 3.94 Bn | 3.69 Bn | 244.77 Mn |
| 7 | McGraw Hill | 2.19 Bn | 1.94 Bn | 388.89 Mn |
| 8 | Universal Technical Institute | 2.14 Bn | 1.97 Bn | 103.97 Mn |
| 9 | Perdoceo Education | 2.13 Bn | 1.45 Bn | 174.68 Mn |
| 10 | Udemy | 672.44 Mn | 419.78 Mn | 129.27 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 20.98 Mn |
| Dec 31, 2025 | 32.13 Mn |
| Sep 30, 2025 | 26.19 Mn |
| Jun 30, 2025 | 20.36 Mn |
| Mar 31, 2025 | 22.32 Mn |
| Dec 31, 2024 | 28.79 Mn |
| Sep 30, 2024 | 25.46 Mn |
| Jun 30, 2024 | 20.21 Mn |
| Mar 31, 2024 | 20.15 Mn |
| Dec 31, 2023 | 24.33 Mn |
| Sep 30, 2023 | 25.31 Mn |
| Jun 30, 2023 | 21.52 Mn |
| Mar 31, 2023 | 27.34 Mn |
| Dec 31, 2022 | 22.88 Mn |
| Sep 30, 2022 | 36.78 Mn |
| Jun 30, 2022 | 21.75 Mn |
| Mar 31, 2022 | 20.91 Mn |
| Dec 31, 2021 | 40.14 Mn |
| Sep 30, 2021 | 14.63 Mn |
| Dec 31, 2020 | 20.40 Mn |