Udemy (UDMY) Net Cash Flow (2020 - 2026)

Udemy's (UDMY) quarterly Net Cash Flow came in at $21.6 million in Q1 2026, up 2044.37% year-on-year from $1.0 million in Q1 2025, and up 511.94% quarter-over-quarter from -$5.2 million in Q4 2025.

Udemy (UDMY) Net Cash Flow (2020 - 2026) Analysis & Trends

Udemy has disclosed Net Cash Flow across 7 years of filings, most recently posting $21.6 million for Q1 2026.

  • Net Cash Flow for Q1 2026 came in at $21.6 million, up 2044.37% year-over-year; the trailing twelve-month figure through Mar 2026 was $62.5 million (up 190.01% YoY), and the FY2025 annual result was $39.8 million, up 133.86% from the prior year.
  • Net Cash Flow came in at $21.6 million for Q1 2026 at Udemy, up from -$5.2 million in the prior quarter.
  • In the past five years, Net Cash Flow ranged from a high of $47.5 million in Q2 2023 to a low of -$114.2 million in Q4 2022.
  • The 5-year median for Net Cash Flow is -$5.2 million (2025), against an average of -$16.7 million.
  • Across the five-year window, Net Cash Flow jumped 3822.46% in 2023 and plunged 1503.12% in 2024, its largest moves.
  • Udemy's Net Cash Flow stood at -$114.2 million in 2022, then jumped by 80.67% to -$22.1 million in 2023, then jumped 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.
  • The last three Net Cash Flow figures came in at $21.6 million (Q1 2026), -$5.2 million (Q4 2025), and $5.7 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Cash Flow (Qtr)
1 51Talk Online Education 7.03 Bn 6.99 Bn 22.18 Mn -
2 Laureate Education 5.22 Bn 5.06 Bn -16.39 Mn 12.33 Mn
3 Graham Holdings 5.09 Bn 4.08 Bn 841.00 Mn -73.86 Mn
4 Covista 4.40 Bn 4.40 Bn 276.31 Mn 90.20 Mn
5 Stride 4.17 Bn 3.36 Bn 231.57 Mn 116.95 Mn
6 Grand Canyon Education 3.94 Bn 3.69 Bn 244.77 Mn -15.62 Mn
7 McGraw Hill 2.19 Bn 1.94 Bn 388.89 Mn -261.47 Mn
8 Universal Technical Institute 2.14 Bn 1.97 Bn 103.97 Mn -3.86 Mn
9 Perdoceo Education 2.13 Bn 1.45 Bn 174.68 Mn 32.84 Mn
10 Udemy 672.44 Mn 419.78 Mn 129.27 Mn 21.60 Mn

Historic Data

Download Data
DateValue
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