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
DateValue
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