Udemy (UDMY) Net Cash Flow (2020 - 2026)
Quarterly results put Net Cash Flow at $21.6 million for Q1 2026, up 2044.37% from a year ago — trailing twelve months through Mar 2026 was $62.5 million (up 190.01% YoY), and the annual figure for FY2025 was $39.8 million, up 133.86%.
Udemy has reported Net Cash Flow over the past 7 years, most recently at $21.6 million for Q1 2026.
- Net Cash Flow reached $21.6 million in Q1 2026 per UDMY's latest filing, up from -$5.2 million in the prior quarter.
- Across five years, Net Cash Flow topped out at $47.5 million in Q2 2023 and bottomed at -$114.2 million in Q4 2022.
- Median Net Cash Flow over the past 5 years was -$5.2 million (2025), compared with a mean of -$16.7 million.
- The largest annual shift saw Net Cash Flow skyrocketed 3822.46% in 2023 before it crashed 1503.12% in 2024.
- Over 5 years, Net Cash Flow stood at -$114.2 million in 2022, then skyrocketed by 80.67% to -$22.1 million in 2023, then skyrocketed by 37.55% to -$13.8 million in 2024, then surged by 61.98% to -$5.2 million in 2025, then surged by 511.94% to $21.6 million in 2026.
- Business Quant data shows Net Cash Flow for UDMY at $21.6 million in Q1 2026, -$5.2 million in Q4 2025, and $5.7 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net 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 | -73.86 Mn |
| 3 | Laureate Education | 4.69 Bn | 4.53 Bn | -16.39 Mn | 12.33 Mn |
| 4 | Grand Canyon Education | 4.19 Bn | 3.94 Bn | 244.77 Mn | -15.62 Mn |
| 5 | Stride | 3.77 Bn | 2.96 Bn | 231.57 Mn | 116.95 Mn |
| 6 | Perdoceo Education | 2.11 Bn | 1.43 Bn | 174.68 Mn | 32.84 Mn |
| 7 | Universal Technical Institute | 2.01 Bn | 1.84 Bn | 103.97 Mn | -3.86 Mn |
| 8 | Strategic Education | 1.71 Bn | 1.55 Bn | - | 11.12 Mn |
| 9 | Lincoln Educational Services | 1.46 Bn | 1.44 Bn | 120.06 Mn | -11.83 Mn |
| 10 | Udemy | 672.44 Mn | 419.78 Mn | 129.27 Mn | 21.60 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 21.60 Mn |
| Mar 31, 2026 | 21.60 Mn |
| Dec 31, 2025 | -5.24 Mn |
| Dec 31, 2025 | -5.24 Mn |
| Sep 30, 2025 | 5.67 Mn |
| Sep 30, 2025 | 5.67 Mn |
| Jun 30, 2025 | 40.51 Mn |
| Jun 30, 2025 | 40.51 Mn |
| Mar 31, 2025 | -1.11 Mn |
| Mar 31, 2025 | -1.11 Mn |
| Dec 31, 2024 | -13.79 Mn |
| Dec 31, 2024 | -13.79 Mn |
| Sep 30, 2024 | -67.88 Mn |
| Sep 30, 2024 | -67.88 Mn |
| Jun 30, 2024 | 13.31 Mn |
| Jun 30, 2024 | 13.31 Mn |
| Mar 31, 2024 | -49.27 Mn |
| Mar 31, 2024 | -49.27 Mn |
| Dec 31, 2023 | -22.09 Mn |
| Dec 31, 2023 | -22.09 Mn |
| Sep 30, 2023 | 4.84 Mn |
| Sep 30, 2023 | 4.84 Mn |
| Jun 30, 2023 | 47.50 Mn |
| Jun 30, 2023 | 47.50 Mn |
| Mar 31, 2023 | -38.03 Mn |
| Mar 31, 2023 | -38.03 Mn |
| Dec 31, 2022 | -114.24 Mn |
| Dec 31, 2022 | -114.24 Mn |
| Sep 30, 2022 | -84.22 Mn |
| Sep 30, 2022 | -84.22 Mn |
| Jun 30, 2022 | 1.21 Mn |
| Jun 30, 2022 | 1.21 Mn |
| Mar 31, 2022 | -22.18 Mn |
| Mar 31, 2022 | -22.18 Mn |
| Dec 31, 2021 | 403.69 Mn |
| Dec 31, 2021 | 403.69 Mn |
| Sep 30, 2021 | -33.02 Mn |
| Sep 30, 2021 | -33.02 Mn |
| Jun 30, 2021 | 3.91 Mn |
| Jun 30, 2021 | 3.91 Mn |
| Mar 31, 2021 | -15.74 Mn |
| Mar 31, 2021 | -15.74 Mn |
| Dec 31, 2020 | 98.63 Mn |
| Dec 31, 2020 | 98.63 Mn |