Udemy (UDMY) EBT (2020 - 2026)
Udemy's (UDMY) quarterly EBT came in at -$10.6 million in Q1 2026, down 1166.31% year-on-year from $990427.8 in Q1 2025, and down 982.07% quarter-over-quarter from -$976000.0 in Q4 2025.
Udemy (UDMY) EBT (2020 - 2026) Analysis & Trends
Udemy has disclosed EBT across 7 years of filings, most recently posting -$10.6 million for Q1 2026.
- EBT for Q1 2026 came in at -$10.6 million, down 1166.31% year-over-year; the trailing twelve-month figure through Mar 2026 was -$1.4 million (up 97.84% YoY), and the FY2025 annual result was $8.3 million, up 110.3% from the prior year.
- EBT came in at -$10.6 million for Q1 2026 at Udemy, down from -$976000.0 in the prior quarter.
- In the past five years, EBT ranged from a high of $7.4 million in Q2 2025 to a low of -$51.0 million in Q4 2022.
- The 5-year median for EBT is -$19.5 million (2023), against an average of -$19.9 million.
- Across the five-year window, EBT surged 123.86% in 2025 and tumbled 1166.31% in 2026, its largest moves.
- Udemy's EBT stood at -$51.0 million in 2022, then jumped by 61.74% to -$19.5 million in 2023, then surged by 57.96% to -$8.2 million in 2024, then surged by 88.11% to -$976000.0 in 2025, then plunged by 982.07% to -$10.6 million in 2026.
- The last three EBT figures came in at -$10.6 million (Q1 2026), -$976000.0 (Q4 2025), and $2.7 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT (Qtr) |
|---|---|---|---|---|---|
| 1 | 51Talk Online Education | 7.03 Bn | 6.99 Bn | 22.18 Mn | -5.82 Mn |
| 2 | Laureate Education | 5.22 Bn | 5.06 Bn | -16.39 Mn | -27.31 Mn |
| 3 | Graham Holdings | 5.09 Bn | 4.08 Bn | 841.00 Mn | 40.65 Mn |
| 4 | Covista | 4.40 Bn | 4.40 Bn | 276.31 Mn | 77.95 Mn |
| 5 | Stride | 4.17 Bn | 3.36 Bn | 231.57 Mn | 120.74 Mn |
| 6 | Grand Canyon Education | 3.94 Bn | 3.69 Bn | 244.77 Mn | 98.48 Mn |
| 7 | McGraw Hill | 2.19 Bn | 1.94 Bn | 388.89 Mn | -52.74 Mn |
| 8 | Universal Technical Institute | 2.14 Bn | 1.97 Bn | 103.97 Mn | 383,000.00 |
| 9 | Perdoceo Education | 2.13 Bn | 1.45 Bn | 174.68 Mn | 68.13 Mn |
| 10 | Udemy | 672.44 Mn | 419.78 Mn | 129.27 Mn | -10.56 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -10.56 Mn |
| Dec 31, 2025 | -976,000.00 |
| Sep 30, 2025 | 2.75 Mn |
| Jun 30, 2025 | 7.40 Mn |
| Mar 31, 2025 | -834,000.00 |
| Dec 31, 2024 | -8.21 Mn |
| Sep 30, 2024 | -24.41 Mn |
| Jun 30, 2024 | -31.01 Mn |
| Mar 31, 2024 | -17.31 Mn |
| Dec 31, 2023 | -19.52 Mn |
| Sep 30, 2023 | -15.96 Mn |
| Jun 30, 2023 | -24.68 Mn |
| Mar 31, 2023 | -43.49 Mn |
| Dec 31, 2022 | -51.02 Mn |
| Sep 30, 2022 | -46.18 Mn |
| Jun 30, 2022 | -29.07 Mn |
| Mar 31, 2022 | -25.32 Mn |
| Dec 31, 2021 | -40.72 Mn |
| Sep 30, 2021 | -9.81 Mn |
| Jun 30, 2021 | -11.24 Mn |