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| 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 |