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| Date | Value |
|---|---|
| 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 |