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
DateValue
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