Udemy (UDMY) Change in Cash (2020 - 2026)
Udemy's (UDMY) quarterly Change in Cash came in at $21.7 million in Q1 2026, up 2118.51% year-on-year from $978088.2 in Q1 2025, and up 519.3% quarter-over-quarter from -$5.2 million in Q4 2025.
Udemy (UDMY) Change in Cash (2020 - 2026) Analysis & Trends
Udemy has disclosed Change in Cash across 7 years of filings, most recently posting $21.7 million for Q1 2026.
- Change in Cash for Q1 2026 came in at $21.7 million, up 2118.51% year-over-year; the trailing twelve-month figure through Mar 2026 was $62.8 million (up 190.41% YoY), and the FY2025 annual result was $40.1 million, up 134.02% from the prior year.
- Change in Cash came in at $21.7 million for Q1 2026 at Udemy, up from -$5.2 million in the prior quarter.
- In the past five years, Change in Cash ranged from a high of $47.5 million in Q2 2023 to a low of -$114.2 million in Q4 2022.
- The 5-year median for Change in Cash is -$5.2 million (2025), against an average of -$16.7 million.
- Across the five-year window, Change in Cash soared 3854.54% in 2023 and sank 1528.29% in 2024, its largest moves.
- Udemy's Change in Cash stood at -$114.2 million in 2022, then surged by 80.78% to -$22.0 million in 2023, then soared by 36.35% to -$14.0 million in 2024, then surged by 62.96% to -$5.2 million in 2025, then jumped by 519.3% to $21.7 million in 2026.
- The last three Change in Cash figures came in at $21.7 million (Q1 2026), -$5.2 million (Q4 2025), and $5.7 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Cash (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 | 10.91 Mn |
| 3 | Graham Holdings | 5.09 Bn | 4.08 Bn | 841.00 Mn | -77.45 Mn |
| 4 | Covista | 4.40 Bn | 4.40 Bn | 276.31 Mn | 90.20 Mn |
| 5 | Stride | 4.17 Bn | 3.36 Bn | 231.57 Mn | 116.95 Mn |
| 6 | Grand Canyon Education | 3.94 Bn | 3.69 Bn | 244.77 Mn | -15.62 Mn |
| 7 | McGraw Hill | 2.19 Bn | 1.94 Bn | 388.89 Mn | -260.87 Mn |
| 8 | Universal Technical Institute | 2.14 Bn | 1.97 Bn | 103.97 Mn | -3.86 Mn |
| 9 | Perdoceo Education | 2.13 Bn | 1.45 Bn | 174.68 Mn | 32.84 Mn |
| 10 | Udemy | 672.44 Mn | 419.78 Mn | 129.27 Mn | 21.70 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 21.70 Mn |
| Dec 31, 2025 | -5.18 Mn |
| Sep 30, 2025 | 5.67 Mn |
| Jun 30, 2025 | 40.64 Mn |
| Mar 31, 2025 | -1.08 Mn |
| Dec 31, 2024 | -13.97 Mn |
| Sep 30, 2024 | -67.80 Mn |
| Jun 30, 2024 | 13.34 Mn |
| Mar 31, 2024 | -49.32 Mn |
| Dec 31, 2023 | -21.95 Mn |
| Sep 30, 2023 | 4.75 Mn |
| Jun 30, 2023 | 47.49 Mn |
| Mar 31, 2023 | -38.05 Mn |
| Dec 31, 2022 | -114.23 Mn |
| Sep 30, 2022 | -84.25 Mn |
| Jun 30, 2022 | 1.20 Mn |
| Mar 31, 2022 | -22.17 Mn |
| Dec 31, 2021 | 403.69 Mn |
| Sep 30, 2021 | -33.02 Mn |
| Jun 30, 2021 | 3.91 Mn |