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Udemy (UDMY) Cost of Revenue (2020 - 2025)

Historic Cost of Revenue for Udemy (UDMY) over the last 6 years, with Q3 2025 value amounting to $81.5 million.

  • Udemy's Cost of Revenue fell 521.53% to $81.5 million in Q3 2025 from the same period last year, while for Sep 2025 it was $326.5 million, marking a year-over-year decrease of 495.36%. This contributed to the annual value of $342.9 million for FY2024, which is 827.43% up from last year.
  • According to the latest figures from Q3 2025, Udemy's Cost of Revenue is $81.5 million, which was down 521.53% from $79.8 million recorded in Q2 2025.
  • In the past 5 years, Udemy's Cost of Revenue ranged from a high of $88.6 million in Q4 2022 and a low of $56.0 million during Q2 2021
  • Its 5-year average for Cost of Revenue is $75.9 million, with a median of $79.7 million in 2023.
  • In the last 5 years, Udemy's Cost of Revenue skyrocketed by 3810.86% in 2022 and then crashed by 824.23% in 2025.
  • Udemy's Cost of Revenue (Quarter) stood at $64.1 million in 2021, then surged by 38.11% to $88.6 million in 2022, then dropped by 6.03% to $83.2 million in 2023, then fell by 0.67% to $82.7 million in 2024, then dropped by 1.39% to $81.5 million in 2025.
  • Its Cost of Revenue stands at $81.5 million for Q3 2025, versus $79.8 million for Q2 2025 and $82.5 million for Q1 2025.