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
DateValue
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