Udemy (UDMY) Change in Cash (2020 - 2026)
Quarterly results put Change in Cash at $21.7 million for Q1 2026, up 2118.51% from a year ago — trailing twelve months through Mar 2026 was $62.8 million (up 190.41% YoY), and the annual figure for FY2025 was $40.1 million, up 134.02%.
Udemy has reported Change in Cash over the past 7 years, most recently at $21.7 million for Q1 2026.
- Change in Cash reached $21.7 million in Q1 2026 per UDMY's latest filing, up from -$5.2 million in the prior quarter.
- Across five years, Change in Cash topped out at $47.5 million in Q2 2023 and bottomed at -$114.2 million in Q4 2022.
- Median Change in Cash over the past 5 years was -$5.2 million (2025), compared with a mean of -$16.7 million.
- The largest annual shift saw Change in Cash soared 3854.54% in 2023 before it plummeted 1528.29% in 2024.
- Over 5 years, 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 skyrocketed by 519.3% to $21.7 million in 2026.
- Business Quant data shows Change in Cash for UDMY at $21.7 million in Q1 2026, -$5.2 million in Q4 2025, and $5.7 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Cash (Qtr) |
|---|---|---|---|---|---|
| 1 | 51Talk Online Education | 9.59 Bn | 9.55 Bn | 22.18 Mn | - |
| 2 | Graham Holdings | 4.73 Bn | 3.72 Bn | 841.00 Mn | -77.45 Mn |
| 3 | Laureate Education | 4.69 Bn | 4.53 Bn | -16.39 Mn | 10.91 Mn |
| 4 | Grand Canyon Education | 4.19 Bn | 3.94 Bn | 244.77 Mn | -15.62 Mn |
| 5 | Stride | 3.77 Bn | 2.96 Bn | 231.57 Mn | 116.95 Mn |
| 6 | Perdoceo Education | 2.11 Bn | 1.43 Bn | 174.68 Mn | 32.84 Mn |
| 7 | Universal Technical Institute | 2.01 Bn | 1.84 Bn | 103.97 Mn | -3.86 Mn |
| 8 | Strategic Education | 1.71 Bn | 1.55 Bn | - | 11.31 Mn |
| 9 | Lincoln Educational Services | 1.46 Bn | 1.44 Bn | 120.06 Mn | -11.83 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 |
| Mar 31, 2021 | -15.74 Mn |
| Dec 31, 2020 | 98.63 Mn |