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
DateValue
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