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Udemy (UDMY) Operating Expenses (2020 - 2025)

Udemy's Operating Expenses history spans 6 years, with the latest figure at $131.5 million for Q4 2025.

  • For Q4 2025, Operating Expenses fell 5.28% year-over-year to $131.5 million; the TTM value through Dec 2025 reached $522.6 million, down 10.1%, while the annual FY2025 figure was $522.6 million, 10.1% down from the prior year.
  • Operating Expenses for Q4 2025 was $131.5 million at Udemy, up from $129.0 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $152.5 million in Q3 2024 and bottomed at $81.1 million in Q2 2021.
  • The 5-year median for Operating Expenses is $130.6 million (2023), against an average of $125.4 million.
  • The largest annual shift saw Operating Expenses skyrocketed 801.81% in 2021 before it decreased 15.4% in 2025.
  • A 5-year view of Operating Expenses shows it stood at $112.3 million in 2021, then increased by 29.54% to $145.4 million in 2022, then decreased by 6.82% to $135.5 million in 2023, then increased by 2.43% to $138.8 million in 2024, then fell by 5.28% to $131.5 million in 2025.
  • Per Business Quant, the three most recent readings for UDMY's Operating Expenses are $131.5 million (Q4 2025), $129.0 million (Q3 2025), and $128.1 million (Q2 2025).