Udemy (UDMY) Income Statement: Revenue & Earnings

Udemy Income Statement Analysis

Revenue, earnings, and profit margins in millions USD

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Udemy, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Revenue & Gross Profit
Revenue	789.84	786.57	728.94	629.10	515.66	429.90
Cost of Revenue	271.44	294.63	309.60	275.32	236.02	209.25
Gross Profit	518.41	491.94	419.34	353.78	279.63	220.65
Operating Expenses
Research & Development	101.51	125.44	120.34	104.56	66.11	50.64
Selling, General & Administrative	415.74	439.15	410.64	400.41	291.43	243.38
Operating Expenses	517.26	581.27	541.23	504.97	357.54	294.03
Operating Income	1.15	-89.33	-121.90	-151.19	-77.91	-73.38
Other Income/Expense
Interest Income	14.21	19.67	20.67	5.55	0.20	0.00
Interest Expense	-0.73	0.38	-0.52	1.25	-0.22	-1.15
Other Income/Expense	-0.98	8.39	-18.77	-4.70	-0.92	0.00
Income
Income Before Tax	8.34	-80.94	-103.64	-151.59	-78.84	-74.47
Income Tax Expense	4.53	4.35	3.65	2.29	1.18	3.15
Net Income	3.81	-85.29	-107.29	-153.88	-80.03	-77.62
Net Income - Continuous Operations	3.81	-85.29	-107.29	-153.88	-80.03	0.00
Net Income - Discontinued Operations	0.00	0.00	0.00	0.00	0.00	0.00
EBITDA	26.51	-89.33	-25.04	-129.12	-71.90	-69.22
EBIT	1.15	-80.94	-103.64	-150.34	-77.91	-73.38
Depreciation & Amortization	25.36	-0.07	3.00	4.30	6.00	4.16
Earnings Per Share
Basic EPS	-	-1.00	-1.00	-1.00	-1.00	-2.00
Diluted EPS	-	-1.00	-1.00	-1.00	-1.00	-2.00
Basic Shares Outstanding	148.21	151.32	150.10	140.87	54.97	33.38
Diluted Shares Outstanding	150.01	151.32	150.10	140.87	54.97	33.38