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Udemy (UDMY) Operating Expenses (2020 - 2025)

Udemy has reported Operating Expenses over the past 6 years, most recently at $131.5 million for Q4 2025.

  • On a quarterly basis, Operating Expenses fell 5.28% to $131.5 million in Q4 2025 year-over-year; TTM through Dec 2025 was $522.6 million, a 10.1% decrease, with the full-year FY2025 number at $522.6 million, down 10.1% from a year prior.
  • Operating Expenses reached $131.5 million in Q4 2025 per UDMY's latest filing, up from $129.0 million in the prior quarter.
  • The five-year high for Operating Expenses was $152.5 million in Q3 2024, with the low 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.
  • Peak YoY movement for Operating Expenses: surged 63.45% in 2022, then decreased 15.4% in 2025.
  • Tracing UDMY's Operating Expenses over 5 years: stood at $112.3 million in 2021, then grew by 29.54% to $145.4 million in 2022, then dropped by 6.82% to $135.5 million in 2023, then grew by 2.43% to $138.8 million in 2024, then decreased by 5.28% to $131.5 million in 2025.
  • According to Business Quant data, Operating Expenses over the past three periods came in at $131.5 million, $129.0 million, and $128.1 million for Q4 2025, Q3 2025, and Q2 2025 respectively.