Udemy (UDMY) Operating Leases (2022 - 2026)

Udemy's (UDMY) quarterly Operating Leases came in at $4.9 million in Q1 2026, down 50.85% year-on-year from $9.9 million in Q1 2025, and down 14.69% quarter-over-quarter from $5.7 million in Q4 2025.

Udemy (UDMY) Operating Leases (2022 - 2026) Analysis & Trends

Udemy has disclosed Operating Leases across 5 years of filings, most recently posting $4.9 million for Q1 2026.

  • Operating Leases for Q1 2026 came in at $4.9 million, down 50.85% year-over-year; the trailing twelve-month figure through Mar 2026 was $4.9 million (down 50.85% YoY), and the FY2025 annual result was $5.7 million, down 31.62% from the prior year.
  • Operating Leases came in at $4.9 million for Q1 2026 at Udemy, down from $5.7 million in the prior quarter.
  • In the past five years, Operating Leases ranged from a high of $18.9 million in Q1 2022 to a low of $1.1 million in Q4 2023.
  • The 5-year median for Operating Leases is $8.3 million (2024), against an average of $8.1 million.
  • Across the five-year window, Operating Leases plunged 82.83% in 2023 and surged 639.77% in 2024, its largest moves.
  • Udemy's Operating Leases stood at $6.5 million in 2022, then sank by 82.83% to $1.1 million in 2023, then soared by 639.77% to $8.3 million in 2024, then tumbled by 31.62% to $5.7 million in 2025, then retreated by 14.69% to $4.9 million in 2026.
  • The last three Operating Leases figures came in at $4.9 million (Q1 2026), $5.7 million (Q4 2025), and $6.7 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (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
3 Graham Holdings 5.09 Bn 4.08 Bn 841.00 Mn
4 Covista 4.40 Bn 4.40 Bn 276.31 Mn
5 Stride 4.17 Bn 3.36 Bn 231.57 Mn
6 Grand Canyon Education 3.94 Bn 3.69 Bn 244.77 Mn
7 McGraw Hill 2.19 Bn 1.94 Bn 388.89 Mn
8 Universal Technical Institute 2.14 Bn 1.97 Bn 103.97 Mn
9 Perdoceo Education 2.13 Bn 1.45 Bn 174.68 Mn
10 Udemy 672.44 Mn 419.78 Mn 129.27 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 4.85 Mn
Dec 31, 2025 5.69 Mn
Sep 30, 2025 6.67 Mn
Jun 30, 2025 9.22 Mn
Mar 31, 2025 9.87 Mn
Dec 31, 2024 8.32 Mn
Sep 30, 2024 12.11 Mn
Jun 30, 2024 8.37 Mn
Mar 31, 2024 4.53 Mn
Dec 31, 2023 1.12 Mn
Sep 30, 2023 1.66 Mn
Jun 30, 2023 10.36 Mn
Mar 31, 2023 11.83 Mn
Dec 31, 2022 6.55 Mn
Sep 30, 2022 8.01 Mn
Jun 30, 2022 9.73 Mn
Mar 31, 2022 18.87 Mn