Udemy (UDMY) Change in Receivables (2020 - 2026)
Udemy's (UDMY) quarterly Change in Receivables came in at $1.7 million in Q1 2026, down 93.21% year-on-year from $25.1 million in Q1 2025, and down 91.43% quarter-over-quarter from $19.9 million in Q4 2025.
Udemy (UDMY) Change in Receivables (2020 - 2026) Analysis & Trends
Udemy has disclosed Change in Receivables across 7 years of filings, most recently posting $1.7 million for Q1 2026.
- Change in Receivables for Q1 2026 came in at $1.7 million, down 93.21% year-over-year; the trailing twelve-month figure through Mar 2026 was -$12.3 million (down 186.0% YoY), and the FY2025 annual result was $11.0 million, up 496.02% from the prior year.
- Change in Receivables came in at $1.7 million for Q1 2026 at Udemy, down from $19.9 million in the prior quarter.
- In the past five years, Change in Receivables ranged from a high of $33.4 million in Q4 2022 to a low of -$26.4 million in Q2 2025.
- The 5-year median for Change in Receivables is $1.7 million (2026), against an average of $1.9 million.
- Across the five-year window, Change in Receivables soared 256.69% in 2022 and plunged 1076.74% in 2025, its largest moves.
- Udemy's Change in Receivables stood at $33.4 million in 2022, then tumbled by 69.95% to $10.0 million in 2023, then declined by 24.63% to $7.6 million in 2024, then surged by 162.26% to $19.9 million in 2025, then slumped by 91.43% to $1.7 million in 2026.
- The last three Change in Receivables figures came in at $1.7 million (Q1 2026), $19.9 million (Q4 2025), and -$7.4 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Receivables (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 | -71.82 Mn |
| 3 | Graham Holdings | 5.09 Bn | 4.08 Bn | 841.00 Mn | -48.47 Mn |
| 4 | Covista | 4.40 Bn | 4.40 Bn | 276.31 Mn | 29.55 Mn |
| 5 | Stride | 4.17 Bn | 3.36 Bn | 231.57 Mn | -11.73 Mn |
| 6 | Grand Canyon Education | 3.94 Bn | 3.69 Bn | 244.77 Mn | 28.97 Mn |
| 7 | McGraw Hill | 2.19 Bn | 1.94 Bn | 388.89 Mn | 123.54 Mn |
| 8 | Universal Technical Institute | 2.14 Bn | 1.97 Bn | 103.97 Mn | 6.94 Mn |
| 9 | Perdoceo Education | 2.13 Bn | 1.45 Bn | 174.68 Mn | - |
| 10 | Udemy | 672.44 Mn | 419.78 Mn | 129.27 Mn | 1.70 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.70 Mn |
| Mar 31, 2026 | 1.70 Mn |
| Dec 31, 2025 | 19.87 Mn |
| Dec 31, 2025 | 19.87 Mn |
| Sep 30, 2025 | -7.44 Mn |
| Sep 30, 2025 | -7.44 Mn |
| Jun 30, 2025 | -26.44 Mn |
| Jun 30, 2025 | -26.44 Mn |
| Mar 31, 2025 | 25.06 Mn |
| Mar 31, 2025 | 25.06 Mn |
| Dec 31, 2024 | 7.58 Mn |
| Dec 31, 2024 | 7.58 Mn |
| Sep 30, 2024 | -632,000.00 |
| Sep 30, 2024 | -632,000.00 |
| Jun 30, 2024 | -17.69 Mn |
| Jun 30, 2024 | -17.69 Mn |
| Mar 31, 2024 | 7.95 Mn |
| Mar 31, 2024 | 7.95 Mn |
| Dec 31, 2023 | 10.05 Mn |
| Dec 31, 2023 | 10.05 Mn |