Udemy (UDMY) EBT (2020 - 2026)
Quarterly results put EBT at -$10.6 million for Q1 2026, down 1166.31% from a year ago — trailing twelve months through Mar 2026 was -$1.4 million (up 97.84% YoY), and the annual figure for FY2025 was $8.3 million, up 110.3%.
Udemy has reported EBT over the past 7 years, most recently at -$10.6 million for Q1 2026.
- EBT reached -$10.6 million in Q1 2026 per UDMY's latest filing, down from -$976000.0 in the prior quarter.
- Across five years, EBT topped out at $7.4 million in Q2 2025 and bottomed at -$51.0 million in Q4 2022.
- Median EBT over the past 5 years was -$19.5 million (2023), compared with a mean of -$19.9 million.
- The largest annual shift saw EBT surged 123.86% in 2025 before it plummeted 1166.31% in 2026.
- Over 5 years, EBT stood at -$51.0 million in 2022, then skyrocketed 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 tumbled by 982.07% to -$10.6 million in 2026.
- Business Quant data shows EBT for UDMY at -$10.6 million in Q1 2026, -$976000.0 in Q4 2025, and $2.7 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT (Qtr) |
|---|---|---|---|---|---|
| 1 | 51Talk Online Education | 9.59 Bn | 9.55 Bn | 22.18 Mn | -5.82 Mn |
| 2 | Graham Holdings | 4.73 Bn | 3.72 Bn | 841.00 Mn | 40.65 Mn |
| 3 | Laureate Education | 4.69 Bn | 4.53 Bn | -16.39 Mn | -27.31 Mn |
| 4 | Grand Canyon Education | 4.19 Bn | 3.94 Bn | 244.77 Mn | 98.48 Mn |
| 5 | Stride | 3.77 Bn | 2.96 Bn | 231.57 Mn | 120.74 Mn |
| 6 | Perdoceo Education | 2.11 Bn | 1.43 Bn | 174.68 Mn | 68.13 Mn |
| 7 | Universal Technical Institute | 2.01 Bn | 1.84 Bn | 103.97 Mn | 383,000.00 |
| 8 | Strategic Education | 1.71 Bn | 1.55 Bn | - | 42.29 Mn |
| 9 | Lincoln Educational Services | 1.46 Bn | 1.44 Bn | 120.06 Mn | 5.60 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 |
| Mar 31, 2021 | -17.08 Mn |
| Dec 31, 2020 | -26.15 Mn |
| Sep 30, 2020 | 2.36 Mn |