Udemy (UDMY) Operating Income (2020 - 2026)
Quarterly results put Operating Income at -$12.5 million for Q1 2026, down 178.85% from a year ago — trailing twelve months through Mar 2026 was -$12.2 million (up 82.85% YoY), and the annual figure for FY2025 was -$4.2 million, up 95.35%.
Udemy has reported Operating Income over the past 7 years, most recently at -$12.5 million for Q1 2026.
- Operating Income reached -$12.5 million in Q1 2026 per UDMY's latest filing, down from -$3.4 million in the prior quarter.
- Across five years, Operating Income topped out at $3.9 million in Q2 2025 and bottomed at -$54.1 million in Q4 2022.
- Median Operating Income over the past 5 years was -$25.3 million (2022), compared with a mean of -$22.3 million.
- The largest annual shift saw Operating Income plummeted 352.89% in 2022 before it soared 115.38% in 2025.
- Over 5 years, Operating Income stood at -$54.1 million in 2022, then soared by 52.57% to -$25.7 million in 2023, then skyrocketed by 54.82% to -$11.6 million in 2024, then surged by 70.42% to -$3.4 million in 2025, then crashed by 265.19% to -$12.5 million in 2026.
- Business Quant data shows Operating Income for UDMY at -$12.5 million in Q1 2026, -$3.4 million in Q4 2025, and -$162000.0 in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | 51Talk Online Education | 9.59 Bn | 9.55 Bn | 22.18 Mn | -5.19 Mn |
| 2 | Graham Holdings | 4.73 Bn | 3.72 Bn | 841.00 Mn | 57.83 Mn |
| 3 | Laureate Education | 4.69 Bn | 4.53 Bn | -16.39 Mn | -27.53 Mn |
| 4 | Grand Canyon Education | 4.19 Bn | 3.94 Bn | 244.77 Mn | 95.46 Mn |
| 5 | Stride | 3.77 Bn | 2.96 Bn | 231.57 Mn | 129.08 Mn |
| 6 | Perdoceo Education | 2.11 Bn | 1.43 Bn | 174.68 Mn | 63.12 Mn |
| 7 | Universal Technical Institute | 2.01 Bn | 1.84 Bn | 103.97 Mn | 339,000.00 |
| 8 | Strategic Education | 1.71 Bn | 1.55 Bn | - | 41.09 Mn |
| 9 | Lincoln Educational Services | 1.46 Bn | 1.44 Bn | 120.06 Mn | 6.41 Mn |
| 10 | Udemy | 672.44 Mn | 419.78 Mn | 129.27 Mn | -12.53 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -12.53 Mn |
| Dec 31, 2025 | -3.43 Mn |
| Sep 30, 2025 | -162,000.00 |
| Jun 30, 2025 | 3.93 Mn |
| Mar 31, 2025 | -4.49 Mn |
| Dec 31, 2024 | -11.59 Mn |
| Sep 30, 2024 | -29.46 Mn |
| Jun 30, 2024 | -25.55 Mn |
| Mar 31, 2024 | -22.73 Mn |
| Dec 31, 2023 | -25.66 Mn |
| Sep 30, 2023 | -21.50 Mn |
| Jun 30, 2023 | -27.46 Mn |
| Mar 31, 2023 | -47.28 Mn |
| Dec 31, 2022 | -54.10 Mn |
| Sep 30, 2022 | -43.25 Mn |
| Jun 30, 2022 | -28.53 Mn |
| Mar 31, 2022 | -25.32 Mn |
| Dec 31, 2021 | -40.95 Mn |
| Sep 30, 2021 | -9.55 Mn |
| Jun 30, 2021 | -10.97 Mn |
| Mar 31, 2021 | -16.44 Mn |
| Dec 31, 2020 | -26.10 Mn |
| Sep 30, 2020 | 2.52 Mn |