Udemy (UDMY) Other Working Capital Changes (2020 - 2026)
Udemy's (UDMY) quarterly Other Working Capital Changes came in at $5.7 million in Q1 2026, down 83.75% year-on-year from $34.8 million in Q1 2025, and up 424.87% quarter-over-quarter from -$1.7 million in Q4 2025.
Udemy (UDMY) Other Working Capital Changes (2020 - 2026) Analysis & Trends
Udemy has disclosed Other Working Capital Changes across 7 years of filings, most recently posting $5.7 million for Q1 2026.
- Other Working Capital Changes for Q1 2026 came in at $5.7 million, down 83.75% year-over-year; the trailing twelve-month figure through Mar 2026 was -$31.6 million (down 390.14% YoY), and the FY2025 annual result was -$2.5 million, up 57.21% from the prior year.
- Other Working Capital Changes came in at $5.7 million for Q1 2026 at Udemy, up from -$1.7 million in the prior quarter.
- In the past five years, Other Working Capital Changes ranged from a high of $35.5 million in Q1 2024 to a low of -$39.0 million in Q2 2024.
- The 5-year median for Other Working Capital Changes is -$1.1 million (2025), against an average of -$290882.4.
- Across the five-year window, Other Working Capital Changes plunged 1882.1% in 2022 and soared 1574.01% in 2024, its largest moves.
- Udemy's Other Working Capital Changes stood at -$1.5 million in 2022, then jumped by 730.71% to $9.3 million in 2023, then sank by 221.3% to -$11.3 million in 2024, then soared by 84.57% to -$1.7 million in 2025, then soared by 424.87% to $5.7 million in 2026.
- The last three Other Working Capital Changes figures came in at $5.7 million (Q1 2026), -$1.7 million (Q4 2025), and -$1.1 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 | 5.66 Mn |
| Mar 31, 2026 | 5.66 Mn |
| Dec 31, 2025 | -1.74 Mn |
| Dec 31, 2025 | -1.74 Mn |
| Sep 30, 2025 | -1.14 Mn |
| Sep 30, 2025 | -1.14 Mn |
| Jun 30, 2025 | -34.40 Mn |
| Jun 30, 2025 | -34.40 Mn |
| Mar 31, 2025 | 34.81 Mn |
| Mar 31, 2025 | 34.81 Mn |
| Dec 31, 2024 | -11.29 Mn |
| Dec 31, 2024 | -11.29 Mn |
| Sep 30, 2024 | 9.05 Mn |
| Sep 30, 2024 | 9.05 Mn |
| Jun 30, 2024 | -39.03 Mn |
| Jun 30, 2024 | -39.03 Mn |
| Mar 31, 2024 | 35.49 Mn |
| Mar 31, 2024 | 35.49 Mn |
| Dec 31, 2023 | 9.30 Mn |
| Dec 31, 2023 | 9.30 Mn |