Udemy (UDMY) Free Cash Flow (2020 - 2026)
Quarterly results put Free Cash Flow at $14.9 million for Q1 2026, up 51.51% from a year ago — trailing twelve months through Mar 2026 was $86.9 million (up 102.78% YoY), and the annual figure for FY2025 was $81.9 million, up 61.31%.
Udemy has reported Free Cash Flow over the past 7 years, most recently at $14.9 million for Q1 2026.
- Free Cash Flow reached $14.9 million in Q1 2026 per UDMY's latest filing, down from $15.0 million in the prior quarter.
- Across five years, Free Cash Flow topped out at $41.9 million in Q2 2025 and bottomed at -$30.9 million in Q4 2022.
- Median Free Cash Flow over the past 5 years was $8.4 million (2024), compared with a mean of $4.1 million.
- The largest annual shift saw Free Cash Flow crashed 3835.2% in 2022 before it skyrocketed 3092.28% in 2025.
- Over 5 years, Free Cash Flow stood at -$30.9 million in 2022, then surged by 37.55% to -$19.3 million in 2023, then soared by 143.59% to $8.4 million in 2024, then soared by 78.53% to $15.0 million in 2025, then decreased by 0.67% to $14.9 million in 2026.
- Business Quant data shows Free Cash Flow for UDMY at $14.9 million in Q1 2026, $15.0 million in Q4 2025, and $15.1 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | 51Talk Online Education | 9.59 Bn | 9.55 Bn | 22.18 Mn | - |
| 2 | Graham Holdings | 4.73 Bn | 3.72 Bn | 841.00 Mn | 48.56 Mn |
| 3 | Laureate Education | 4.69 Bn | 4.53 Bn | -16.39 Mn | 53.60 Mn |
| 4 | Grand Canyon Education | 4.19 Bn | 3.94 Bn | 244.77 Mn | 86.48 Mn |
| 5 | Stride | 3.77 Bn | 2.96 Bn | 231.57 Mn | 183.49 Mn |
| 6 | Perdoceo Education | 2.11 Bn | 1.43 Bn | 174.68 Mn | 67.65 Mn |
| 7 | Universal Technical Institute | 2.01 Bn | 1.84 Bn | 103.97 Mn | -26.43 Mn |
| 8 | Strategic Education | 1.71 Bn | 1.55 Bn | - | 77.31 Mn |
| 9 | Lincoln Educational Services | 1.46 Bn | 1.44 Bn | 120.06 Mn | -10.06 Mn |
| 10 | Udemy | 672.44 Mn | 419.78 Mn | 129.27 Mn | 14.89 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 14.89 Mn |
| Mar 31, 2026 | 14.89 Mn |
| Dec 31, 2025 | 14.99 Mn |
| Dec 31, 2025 | 14.99 Mn |
| Sep 30, 2025 | 15.11 Mn |
| Sep 30, 2025 | 15.11 Mn |
| Jun 30, 2025 | 41.92 Mn |
| Jun 30, 2025 | 41.92 Mn |
| Mar 31, 2025 | 9.83 Mn |
| Mar 31, 2025 | 9.83 Mn |
| Dec 31, 2024 | 8.40 Mn |
| Dec 31, 2024 | 8.40 Mn |
| Sep 30, 2024 | -505,000.00 |
| Sep 30, 2024 | -505,000.00 |
| Jun 30, 2024 | 25.14 Mn |
| Jun 30, 2024 | 25.14 Mn |
| Mar 31, 2024 | 17.71 Mn |
| Mar 31, 2024 | 17.71 Mn |
| Dec 31, 2023 | -19.27 Mn |
| Dec 31, 2023 | -19.27 Mn |
| Sep 30, 2023 | 17.62 Mn |
| Sep 30, 2023 | 17.62 Mn |
| Jun 30, 2023 | 7.21 Mn |
| Jun 30, 2023 | 7.21 Mn |
| Mar 31, 2023 | -20.00 Mn |
| Mar 31, 2023 | -20.00 Mn |
| Dec 31, 2022 | -30.85 Mn |
| Dec 31, 2022 | -30.85 Mn |
| Sep 30, 2022 | -8.59 Mn |
| Sep 30, 2022 | -8.59 Mn |
| Jun 30, 2022 | -8.95 Mn |
| Jun 30, 2022 | -8.95 Mn |
| Mar 31, 2022 | -14.13 Mn |
| Mar 31, 2022 | -14.13 Mn |
| Dec 31, 2021 | -784,000.00 |
| Dec 31, 2021 | -784,000.00 |
| Sep 30, 2021 | -7.02 Mn |
| Sep 30, 2021 | -7.02 Mn |
| Jun 30, 2021 | 2.53 Mn |
| Jun 30, 2021 | 2.53 Mn |
| Mar 31, 2021 | -14.69 Mn |
| Mar 31, 2021 | -14.69 Mn |
| Dec 31, 2020 | 14.34 Mn |
| Dec 31, 2020 | 14.34 Mn |