Udemy (UDMY) Research & Development (2020 - 2026)
Quarterly results put Research & Development at $26.8 million for Q1 2026, up 7.35% from a year ago — trailing twelve months through Mar 2026 was $103.3 million (down 13.28% YoY), and the annual figure for FY2025 was $101.5 million, down 19.07%.
Udemy has reported Research & Development over the past 7 years, most recently at $26.8 million for Q1 2026.
- Research & Development reached $26.8 million in Q1 2026 per UDMY's latest filing, up from $24.6 million in the prior quarter.
- Across five years, Research & Development topped out at $33.0 million in Q3 2024 and bottomed at $22.6 million in Q1 2022.
- Median Research & Development over the past 5 years was $28.8 million (2024), compared with a mean of $28.2 million.
- The largest annual shift saw Research & Development surged 68.01% in 2022 before it fell 22.43% in 2025.
- Over 5 years, Research & Development stood at $30.0 million in 2022, then dropped by 1.52% to $29.5 million in 2023, then dropped by 2.29% to $28.8 million in 2024, then decreased by 14.63% to $24.6 million in 2025, then rose by 8.86% to $26.8 million in 2026.
- Business Quant data shows Research & Development for UDMY at $26.8 million in Q1 2026, $24.6 million in Q4 2025, and $25.6 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | 51Talk Online Education | 9.59 Bn | 9.55 Bn | 22.18 Mn | -1.61 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 | 26.79 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 26.79 Mn |
| Dec 31, 2025 | 24.61 Mn |
| Sep 30, 2025 | 25.58 Mn |
| Jun 30, 2025 | 26.36 Mn |
| Mar 31, 2025 | 24.96 Mn |
| Dec 31, 2024 | 28.83 Mn |
| Sep 30, 2024 | 32.98 Mn |
| Jun 30, 2024 | 32.41 Mn |
| Mar 31, 2024 | 31.22 Mn |
| Dec 31, 2023 | 29.51 Mn |
| Sep 30, 2023 | 30.31 Mn |
| Jun 30, 2023 | 29.64 Mn |
| Mar 31, 2023 | 30.89 Mn |
| Dec 31, 2022 | 29.96 Mn |
| Sep 30, 2022 | 28.06 Mn |
| Jun 30, 2022 | 23.96 Mn |
| Mar 31, 2022 | 22.57 Mn |
| Dec 31, 2021 | 19.21 Mn |
| Sep 30, 2021 | 16.70 Mn |
| Jun 30, 2021 | 14.78 Mn |
| Mar 31, 2021 | 15.41 Mn |
| Dec 31, 2020 | 14.40 Mn |
| Sep 30, 2020 | 11.95 Mn |