Udemy (UDMY) Other Working Capital Changes (2020 - 2026)
Quarterly results put Other Working Capital Changes at $5.7 million for Q1 2026, down 83.75% from a year ago — trailing twelve months through Mar 2026 was -$31.6 million (down 390.14% YoY), and the annual figure for FY2025 was -$2.5 million, up 57.21%.
Udemy has reported Other Working Capital Changes over the past 7 years, most recently at $5.7 million for Q1 2026.
- Other Working Capital Changes reached $5.7 million in Q1 2026 per UDMY's latest filing, up from -$1.7 million in the prior quarter.
- Across five years, Other Working Capital Changes topped out at $35.5 million in Q1 2024 and bottomed at -$39.0 million in Q2 2024.
- Median Other Working Capital Changes over the past 5 years was -$1.1 million (2025), compared with a mean of -$290882.4.
- The largest annual shift saw Other Working Capital Changes crashed 1882.1% in 2022 before it soared 1574.01% in 2024.
- Over 5 years, Other Working Capital Changes stood at -$1.5 million in 2022, then skyrocketed by 730.71% to $9.3 million in 2023, then tumbled 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.
- Business Quant data shows Other Working Capital Changes for UDMY at $5.7 million in Q1 2026, -$1.7 million in Q4 2025, and -$1.1 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | 51Talk Online Education | 9.59 Bn | 9.55 Bn | 22.18 Mn |
| 2 | Graham Holdings | 4.73 Bn | 3.72 Bn | 841.00 Mn |
| 3 | Laureate Education | 4.69 Bn | 4.53 Bn | -16.39 Mn |
| 4 | Grand Canyon Education | 4.19 Bn | 3.94 Bn | 244.77 Mn |
| 5 | Stride | 3.77 Bn | 2.96 Bn | 231.57 Mn |
| 6 | Perdoceo Education | 2.11 Bn | 1.43 Bn | 174.68 Mn |
| 7 | Universal Technical Institute | 2.01 Bn | 1.84 Bn | 103.97 Mn |
| 8 | Strategic Education | 1.71 Bn | 1.55 Bn | - |
| 9 | Lincoln Educational Services | 1.46 Bn | 1.44 Bn | 120.06 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 |
| Sep 30, 2023 | -14.41 Mn |
| Sep 30, 2023 | -14.41 Mn |
| Jun 30, 2023 | 7.13 Mn |
| Jun 30, 2023 | 7.13 Mn |
| Mar 31, 2023 | 2.12 Mn |
| Mar 31, 2023 | 2.12 Mn |
| Dec 31, 2022 | -1.48 Mn |
| Dec 31, 2022 | -1.48 Mn |
| Sep 30, 2022 | -3.77 Mn |
| Sep 30, 2022 | -3.77 Mn |
| Jun 30, 2022 | -21.21 Mn |
| Jun 30, 2022 | -21.21 Mn |
| Mar 31, 2022 | 19.96 Mn |
| Mar 31, 2022 | 19.96 Mn |
| Dec 31, 2021 | 3.65 Mn |
| Dec 31, 2021 | 3.65 Mn |
| Sep 30, 2021 | 2.32 Mn |
| Sep 30, 2021 | 2.32 Mn |
| Jun 30, 2021 | 1.19 Mn |
| Jun 30, 2021 | 1.19 Mn |
| Mar 31, 2021 | 2.74 Mn |
| Mar 31, 2021 | 2.74 Mn |
| Dec 31, 2020 | 32.02 Mn |
| Dec 31, 2020 | 32.02 Mn |