UDMY · As filed with the SEC

Udemy income statement, by quarter

The statement as Udemy presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.

Condensed Consolidated Statements of Operations · USD thousands, except per-share amounts

USD thousands, except per-share amounts	Q1 2026 3 months ended Mar 31, 2026	Q4 2025^† 3 months ended Dec 31, 2025	Q3 2025 3 months ended Sep 30, 2025	Q2 2025 3 months ended Jun 30, 2025
Revenue	191,407	193,985^†	195,680	199,879
Cost of revenue	62,140	65,939^†	66,812	67,830
Gross profit	129,267	128,046^†	128,868	132,049
Operating expenses
Sales and marketing	89,606	82,619^†	81,512	79,820
Research and development	26,793	24,613^†	25,581	26,361
General and administrative	25,394	24,244^†	21,937	21,831
Restructuring charges	0	0^†	0	109
Total operating expenses	141,793	131,476^†	129,030	128,121
Loss from operations	(12,526)	(3,430)^†	(162)	3,928
Other income, net
Interest income	2,827	3,186^†	3,784	3,663
Interest expense	(240)	(249)^†	(350)	(120)
Other income (expense), net	(622)	(483)^†	(523)	(73)
Total other income, net	1,965	2,454^†	2,911	3,470
Net loss before taxes	(10,561)	(976)^†	2,749	7,398
Income tax provision	2,053	1,353^†	1,107	1,133
Net loss	(12,614)	(2,329)^†	1,642	6,265
Net loss per share
Basic (in dollars per share)	(0.09)	—	0.01	0.04
Diluted (in dollars per share)	(0.09)	—	0.01	0.04
Weighted-average shares used in computing net loss per share
Basic (in shares)	145,236,191	—	149,917,275	149,246,828
Diluted (in shares)	145,236,191	—	151,996,844	150,492,003

† Derived: worked out from the filings, not stated in them. A fourth quarter is the 10-K year less the nine months in the third-quarter 10-Q; a quarter of cash flows is year to date less the prior year to date.

As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.