Udemy (UDMY) Research & Development (2020 - 2026)

Udemy has disclosed Research & Development across 7 years of filings, most recently posting $26.8 million for Q1 2026.

• Research & Development for Q1 2026 came in at $26.8 million, up 7.35% year-over-year; the trailing twelve-month figure through Mar 2026 was $103.3 million (down 13.28% YoY), and the FY2025 annual result was $101.5 million, down 19.07% from the prior year.
• Research & Development came in at $26.8 million for Q1 2026 at Udemy, up from $24.6 million in the prior quarter.
• In the past five years, Research & Development ranged from a high of $33.0 million in Q3 2024 to a low of $22.6 million in Q1 2022.
• The 5-year median for Research & Development is $28.8 million (2024), against an average of $28.2 million.
• Across the five-year window, Research & Development surged 68.01% in 2022 and fell 22.43% in 2025, its largest moves.
• Udemy's Research & Development stood at $30.0 million in 2022, then retreated by 1.52% to $29.5 million in 2023, then dropped by 2.29% to $28.8 million in 2024, then declined by 14.63% to $24.6 million in 2025, then rose by 8.86% to $26.8 million in 2026.
• The last three Research & Development figures came in at $26.8 million (Q1 2026), $24.6 million (Q4 2025), and $25.6 million (Q3 2025), per Business Quant data.