Udemy (UDMY) Operating Expenses (2020 - 2026)

Udemy has disclosed Operating Expenses across 7 years of filings, most recently posting $141.8 million for Q1 2026.

• Operating Expenses for Q1 2026 came in at $141.8 million, up 5.87% year-over-year; the trailing twelve-month figure through Mar 2026 was $530.4 million (down 7.25% YoY), and the FY2025 annual result was $522.6 million, down 10.1% from the prior year.
• Operating Expenses came in at $141.8 million for Q1 2026 at Udemy, up from $131.5 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $152.5 million in Q3 2024 to a low of $111.1 million in Q1 2022.
• The 5-year median for Operating Expenses is $133.9 million (2025), against an average of $134.8 million.
• Across the five-year window, Operating Expenses jumped 63.45% in 2022 and dropped 15.4% in 2025, its largest moves.
• Udemy's Operating Expenses stood at $145.4 million in 2022, then retreated by 6.82% to $135.5 million in 2023, then grew by 2.43% to $138.8 million in 2024, then declined by 5.28% to $131.5 million in 2025, then gained by 7.85% to $141.8 million in 2026.
• The last three Operating Expenses figures came in at $141.8 million (Q1 2026), $131.5 million (Q4 2025), and $129.0 million (Q3 2025), per Business Quant data.