UDMY · As filed with the SEC
Udemy cash flow statement, by fiscal year
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.
Consolidated Statements of Cash Flows · USD thousands
| USD thousands | FY2025 Year ended Dec 31, 2025 | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 31, 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net income (loss) | 3,807 | (85,288) | (107,294) | (153,875) |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||||
| Depreciation and amortization | 25,359 | 25,421 | 24,588 | 21,216 |
| Amortization of deferred contract costs | 65,540 | 59,654 | 48,161 | 32,279 |
| Stock-based compensation | 68,754 | 90,022 | 96,046 | 81,293 |
| Allowance for credit losses | 3,363 | 1,549 | 1,662 | 960 |
| Net (accretion) amortization of marketable securities | (3,187) | (8,301) | (7,492) | (896) |
| Non-cash operating lease expense | 3,777 | 4,524 | 5,856 | 6,205 |
| Unrealized loss on strategic investments | 0 | 10,311 | 1,793 | 2,896 |
| Other | 1,559 | 2,551 | 1,178 | 690 |
| Changes in operating assets and liabilities: | ||||
| Accounts receivable | (11,045) | 2,789 | 10,313 | (32,309) |
| Prepaid expenses and other assets | (4,042) | (4,588) | (5,831) | (4) |
| Deferred contract costs | (64,405) | (58,333) | (56,890) | (53,379) |
| Accounts payable, accrued expenses and other liabilities | 3,303 | 10,050 | (14,429) | (28,620) |
| Content costs payable | (4,432) | (2,671) | 2,967 | 1,349 |
| Operating lease liabilities | (2,472) | (5,777) | (6,768) | (6,487) |
| Deferred revenue | 1,780 | 11,130 | 4,135 | 67,725 |
| Net cash provided by (used in) operating activities | 87,659 | 53,043 | (2,005) | (60,957) |
| Cash flows from investing activities: | ||||
| Purchases of marketable securities | (182,603) | (336,898) | (307,706) | (158,503) |
| Proceeds from maturities and sales of marketable securities | 222,415 | 352,750 | 295,800 | 7,500 |
| Purchases of property and equipment | (5,803) | (2,300) | (632) | (1,564) |
| Capitalized software costs | (11,880) | (12,475) | (12,434) | (14,160) |
| Purchases of strategic investments | — | 0 | 0 | (5,000) |
| Payments related to asset acquisitions | (1,500) | 0 | 0 | (1,500) |
| Net cash provided by (used in) investing activities | 20,629 | 1,077 | (24,972) | (173,227) |
| Cash flows from financing activities: | ||||
| Net proceeds from exercise of stock options | 70 | 2,345 | 17,911 | 7,149 |
| Proceeds from share purchases under employee stock purchase plan | 4,175 | 7,054 | 8,044 | 9,192 |
| Payment of redeemable convertible preferred stock issuance costs | — | — | 0 | 0 |
| Taxes paid related to net share settlement of equity awards | (20,306) | (30,824) | (6,760) | — |
| Net proceeds from issuance of redeemable convertible preferred stock | — | — | 0 | 0 |
| Repurchases of common stock and excise taxes paid | (50,965) | (150,324) | — | — |
| Payment of deferred offering costs | — | 0 | 0 | (1,586) |
| Cash proceeds from initial public offering | — | — | — | 0 |
| Cash proceeds from initial public offering | — | — | 0 | — |
| Payments of debt issuance costs | (1,438) | — | — | — |
| Net cash provided by (used in) financing activities | (68,464) | (171,749) | 19,195 | 14,755 |
| Effect of foreign exchange rates on cash flows | 238 | (116) | 20 | (25) |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 40,062 | (117,745) | (7,762) | (219,454) |
| Cash, cash equivalents and restricted cash—Beginning of period | 191,807 | 309,552 | 317,314 | 536,768 |
| Cash, cash equivalents and restricted cash—End of period | 231,869 | 191,807 | 309,552 | 317,314 |
| Supplemental disclosures of cash flow information: | ||||
| Interest paid | 299 | 0 | 3,188 | 23 |
| Income taxes paid | 5,045 | 1,281 | 1,418 | 678 |
| Supplemental disclosure of non-cash investing and financing activities: | ||||
| Accrued redeemable convertible preferred stock issuance costs | — | — | — | 0 |
| Stock-based compensation in capitalized costs | 6,548 | 8,504 | 9,175 | 5,911 |
| Net change in unrealized gain (loss) on marketable securities | 40 | 21 | 289 | 213 |
| Unpaid deferred offering costs | — | — | 0 | 0 |
| Acquisition holdback liability | — | — | 0 | 0 |
| Changes in purchases of property and equipment in accounts payable and accrued expenses | — | — | — | 22 |
| Vesting of early-exercised stock options, net | — | — | — | 0 |
| Increase (decrease) in purchases of property and equipment included in liabilities | (500) | 630 | — | — |
| Operating lease right-of-use assets exchanged for operating lease liabilities | 1,867 | 9,779 | — | — |
| Accrued excise tax on share repurchases | 117 | 876 | — | — |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.