Udemy (UDMY) Invested Capital (2020 - 2026)

Udemy's (UDMY) quarterly Invested Capital came in at $212.2 million in Q1 2026, up 1.35% year-on-year from $209.4 million in Q1 2025, and up 0.82% quarter-over-quarter from $210.5 million in Q4 2025.

Udemy (UDMY) Invested Capital (2020 - 2026) Analysis & Trends

Udemy has disclosed Invested Capital across 7 years of filings, most recently posting $212.2 million for Q1 2026.

  • Invested Capital for Q1 2026 came in at $212.2 million, up 1.35% year-over-year; the trailing twelve-month figure through Mar 2026 was $212.2 million (up 1.35% YoY), and the FY2025 annual result was $210.5 million, up 6.62% from the prior year.
  • Invested Capital came in at $212.2 million for Q1 2026 at Udemy, up from $210.5 million in the prior quarter.
  • In the past five years, Invested Capital ranged from a high of $380.5 million in Q1 2022 to a low of $196.3 million in Q3 2024.
  • The 5-year median for Invested Capital is $296.5 million (2024), against an average of $284.8 million.
  • Across the five-year window, Invested Capital soared 244.45% in 2022 and sank 44.69% in 2024, its largest moves.
  • Udemy's Invested Capital stood at $339.3 million in 2022, then gained by 5.18% to $356.9 million in 2023, then tumbled by 44.69% to $197.4 million in 2024, then grew by 6.62% to $210.5 million in 2025, then climbed by 0.82% to $212.2 million in 2026.
  • The last three Invested Capital figures came in at $212.2 million (Q1 2026), $210.5 million (Q4 2025), and $221.8 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Invested Cap. (Qtr)
1 51Talk Online Education 7.03 Bn 6.99 Bn 22.18 Mn -28.02 Mn
2 Laureate Education 5.22 Bn 5.06 Bn -16.39 Mn 1.27 Bn
3 Graham Holdings 5.09 Bn 4.08 Bn 841.00 Mn 4.87 Bn
4 Covista 4.40 Bn 4.40 Bn 276.31 Mn 1.37 Bn
5 Stride 4.17 Bn 3.36 Bn 231.57 Mn 2.34 Bn
6 Grand Canyon Education 3.94 Bn 3.69 Bn 244.77 Mn 696.19 Mn
7 McGraw Hill 2.19 Bn 1.94 Bn 388.89 Mn 3.29 Bn
8 Universal Technical Institute 2.14 Bn 1.97 Bn 103.97 Mn 470.64 Mn
9 Perdoceo Education 2.13 Bn 1.45 Bn 174.68 Mn 999.91 Mn
10 Udemy 672.44 Mn 419.78 Mn 129.27 Mn 212.18 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 212.18 Mn
Dec 31, 2025 210.46 Mn
Sep 30, 2025 221.81 Mn
Jun 30, 2025 233.36 Mn
Mar 31, 2025 209.36 Mn
Dec 31, 2024 197.39 Mn
Sep 30, 2024 196.26 Mn
Jun 30, 2024 252.25 Mn
Mar 31, 2024 296.49 Mn
Dec 31, 2023 356.89 Mn
Sep 30, 2023 345.84 Mn
Jun 30, 2023 333.12 Mn
Mar 31, 2023 325.09 Mn
Dec 31, 2022 339.31 Mn
Sep 30, 2022 356.52 Mn
Jun 30, 2022 374.95 Mn
Mar 31, 2022 380.51 Mn
Dec 31, 2021 389.70 Mn
Sep 30, 2021 -266.81 Mn
Jun 30, 2021 -266.77 Mn