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Udemy (UDMY) Research & Development (2020 - 2025)

Udemy's Research & Development history spans 6 years, with the latest figure at $24.6 million for Q4 2025.

  • For Q4 2025, Research & Development fell 14.63% year-over-year to $24.6 million; the TTM value through Dec 2025 reached $101.5 million, down 19.07%, while the annual FY2025 figure was $101.5 million, 19.07% down from the prior year.
  • Research & Development for Q4 2025 was $24.6 million at Udemy, down from $25.6 million in the prior quarter.
  • Across five years, Research & Development topped out at $33.0 million in Q3 2024 and bottomed at $14.8 million in Q2 2021.
  • The 5-year median for Research & Development is $27.2 million (2022), against an average of $25.9 million.
  • The largest annual shift saw Research & Development soared 68.01% in 2022 before it dropped 22.43% in 2025.
  • A 5-year view of Research & Development shows it stood at $19.2 million in 2021, then skyrocketed by 55.97% to $30.0 million in 2022, then decreased by 1.52% to $29.5 million in 2023, then decreased by 2.29% to $28.8 million in 2024, then fell by 14.63% to $24.6 million in 2025.
  • Per Business Quant, the three most recent readings for UDMY's Research & Development are $24.6 million (Q4 2025), $25.6 million (Q3 2025), and $26.4 million (Q2 2025).